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‘You really don't understand do you Legal? It's not a matter of "public opinion" - it's science and engineering - hard facts - fracturing already fractured rocks IS A BAD IDEA from a technical viewpoint. You just increase the chances of it all leaking away and it's hard to produce oil or gas without a shed load of water arriving’
No I just don’t think you are quite getting my point. If the Gov is now reconsidering fracking, can you imagine how positive it will be towards to onshore production where no fracking is required.
The 2017 Corporate Presentations referred to them as the "Untested Kimmeridge Limestones". HH also had a KL5 which was very rarely mentioned.
2018 Presentation
Three productive and commercially viable oil pools • Portland, KL3 & KL4
• KL0, KL1, KL2 & KL5 untested to date and BB had 6 layers in the Kimmeridge.
They never did a Corporate Presentation for BB but they had 6 Kimmeridge layers for all the good it did.
"DL always said there was a lot of gas at HH"
mainly emanating from him - the original play was aimed at deep gas but in fact they found oil at at least two levels (Portland & Kim) - the deep gas was never found either at HH or anywhere else in the Weald - another geological fantasy (but this one not of SS's invention)
legalease
What we so far have no idea from from the EWT at Horse Hill is if any tests were conducted on the KL1 and 2 layers.
These as I understand were the deeper Kimmeridge layers and may be deep enough and mature enough to produce oil or gas and may or may not be fractured we don't know.
There was talk of these layers being tested in the EWT but we received no details.
DL always said there was a lot of gas at HH and the reason the well was drilled was based on these figures in the RNS below.
https://www.lse.co.uk/rns/UKOG/update-on-investment-sndio5dg6rfrr4z.html
It may also be a indication as to why they want Loxley and Broadford Bridge data results.
You really don't understand do you Legal? It's not a matter of "public opinion" - it's science and engineering - hard facts - fracturing already fractured rocks IS A BAD IDEA from a technical viewpoint. You just increase the chances of it all leaking away and it's hard to produce oil or gas without a shed load of water arriving
"Fracking an already fractured formation is unlikely to be successful if not damaging so not sure why posters keep on quoting snippets about fracking shales for gas which has so far only been hoped to be viable, as the testing was abandoned, in the Bowland Shale in the North of England."
Maybe because it demonstrates a wholesale shift of attitude / public policy in respect of oil and gas production. That is to say, what was unthinkable 12 months ago (fracking), now looks like acceptable policy, which will not meet the same type of objection from the majoirtiy of the population which it might previously have done, all imo.
So tragic it's funny.
TrollHunter2 Posts: 1,671 Price: 0.205 No Opinion 22/06/21
0.5p this week!!!Today 08:50
Come on fair value is at least 0.5p this week as the rig is being commissioned ready for the drill next week.
You're getting the shares far too cheap right now. We'll be over 1p again getting close to drill results.
UKOG price prediction 31/12/2019 (23.59pm)Today 09:52
Entry Now Closed Good Luck On Your Predictions Entries !!!)
Lonely_Shooter: 33p
TrollHunter2: 20.7p
TH2
Looks like I missed all the fun this morning but where do you get your information from? I would sack them.
Unless SS has changed his mind they are not touching HH until they get a well going in Turkey.
They can't get a well running in Turkey as AME are the operators and they are even worse than UKOG in updating what they are doing.
I would bottle all that heat as you will need it in the winter.
Would you classify this as a wet dream? "Major oil forced to reinvest profits in UK.......UKOG buyout!!!"
Pingu back and type pages of garbage again......must see the potential and desperately trying to get funds in before the multi-bag!!!
GLA - not Pingu!
"Not sure what you know about HH but UKOG"
So what are you qualifications our new friend? Been drinking in the Black Horse with some old posters on here?
Not sure what you know about HH but UKOG
Penguin not a massive amount to be honest ,my veiw is coming from common sense political and economic .
As the board looks like a sack of **** ( most are ),hopefully someone who can deliver will recognize the potential and worth here.
Thanks for the insight ..
Steve,
Not sure what you know about HH but UKOG has been extremely coy about how the reservoirs have flowed at HH, even to the extent on never giving a detailed factual account of current and past Portland production, and highly selective flow rates from the testing of both Kimmeridge and Portland. Since the start of Portland production there has been no advice as to future production except UKOG suggesting improved flow in RNS about workovers (bigger pump, reperforating) that, from the published OGA (now NSTA) figures, didn't happen.
As for your post about the EA being fast that was the time from publishing a final draft of the permit they were minded to issue so that a short public consultation could take place before formally issuing it.
UKOG claim it took 31 months but the original application was withdrawn; a new application made in early 2021 is what the recent permit covered, so over a year, a bit longer than Angus's application for Brockham water injection etc.
As to the Kimmeridge reservoir there have been many theories as to why it isn't being produced. It's been tested at a number of sites across the Weald but none have been put into production. Like HH, at the nearby Brockham Field the well drilled to test the Kimmeridge is to be used to produce the Portland.
Whilst posters come up with excuses why the Kimmeridge isn't being flowed I suspect the main issue is pressure and rapid decline - to be expected in a fractured carbonate - and also as seen in the Portland fractured sandstone. Brockham had the added problem of water ingress from fractures - given what has happened to HH-2z in the Portland it's possible that in time that would be the fate of the Kimmeridge at HH, though only dry oil has been produced to date in testing.
Fracking an already fractured formation is unlikely to be successful if not damaging so not sure why posters keep on quoting snippets about fracking shales for gas which has so far only been hoped to be viable, as the testing was abandoned, in the Bowland Shale in the North of England.
As for posters suggesting the government would fund risky wells beggars belief when the company has 'spaffed' tens of millions of pounds already (for NSTA latest production averages of less than 60bopd and more than 30bwpd) and SS is quite happy to dilute shareholders to pay for the excitement of drilling.
BP certainly is and Doris is encouraging them and Shell to continue doing so.
:D
Would the Government instead of levy of windfall tax on the companies the like's OF Shell and BP example
Encourage the majors to invest in uk existing sites rather then punish them for making massive profits
?
options ?
Exactly so I think we can expect the following UK based news flow to be positive.
Expected news flow coming up....
Loxley Gas permission granted.
HorseHill activity ramping up.
Turkey drilling new well site.
Major oil forced to reinvest profits in UK.......UKOG buyout!!!
Could be a very hot summer for UKOG shareholders :-)
GLA
Well there's a surprise ;-)
"Nothing will be off the table ,especially if we can improve on a known commercial existing site uk based "
The latest NSTA (ex-OGA) road map published last week hadn't a single mention of onshore oil & gas
Posted a few weeks ago… New North Sea gas field goes into production, boosting UK energy security, A new gas field found under the North Sea off East Anglia has this week produced its ‘first gas’ – and more such developments are on the way gas from the Blythe well started flowing into the UK gas grid at the weekend, with a second, called Elgood, due to start producing gas within days. Both are part of its Saturn Banks project. The gas will flow into Bacton, on the Norfolk coast, and meet demand in the southeast and then the rest of the UK. The announcement today was welcomed by Offshore Energies UK (OEUK, which represents the UK offshore industry. It said the new field demonstrated the vital role of the UK Continental Shelf in supporting the nation’s energy security during the current global energy crisis – and during the planned transition to net zero by 2050 and beyond.The announcement coincided with Monday’s Downing Street meeting between Boris Johnson and leaders of the UK’s offshore oil and gas industry, called to discuss how the UK might reduce its reliance on Russian energy following the invasion of Ukraine. Saturn Banks also creates a new production hub in the Southern North Sea, allowing any further discoveries to be linked back to it by pipelines. Development of another field, Nailsworth, is expected to begin this year, and would produce gas towards the end of 2023. This milestone came less than 30 months after the final investment decision, despite technical challenges during the drilling phase.
With the recent speed of UKOG company announcements(environmental agency ) etc , plus our Country lack of capability to provide energy with out being held for ransom by a third Party.
Our government will seek ,try avenues to ease the pressure on the economy .???
Nothing will be off the table ,especially if we can improve on a known commercial existing site uk based .
All be it ,not to every ones agreement .
just a observation ??