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How do we know when seller is cleared?
Today has a market cap the same as Alba . Odd world is it not ? Come on Evo Good luck And May
not going to see the rise with selling .
17-Feb-1608:08:430.09323,390Sell* 0.090.10291.05O This was my buy @ 08.08, showing as a sell.
My £300 buy this morning not showing. Showing all sells.
Sellers across all of the HH partners. Everyone wanting out is selling. Don't think they realise that the other 2 zones still to be flow tested could be life changing for investors and for the next couple of generations living in this country. Once testing is complete HH will be acquired by a company with much deeper pockets, of that I'm pretty sure.
seller
Seems someone is intent on exciting regardless of news - no one could say the SP is gettign ahead of itself for sure !! It will come good once they are done. Good Luck longs
I was tempted to average down first thing and got quotes .091 to buy. I have just pondered and got a fresh price of .08 which I have taken up. There is still overhang of stock somewhere. For me this is a tuck away in a draw share.
That there have been so few trades going through here. As Evo is now looking like a very different proposition . In comparison to last week. Good luck all lucky punters. And May
and sell at 0.09!
well undervalued here: cash near mcap 2% stake in HH + interest in Alba Tungsten investment near mcap 3% stake in NMG
Perhaps , They want you not to buy shares ? Good luck all And May
It has been confirmed that the oil flows from the Horse Hill discovery well, near Gatwick airport, continued at a stable rate above 456 barrels per day after testing resumed on Tuesday. A second test, carried out yesterday, lasted for nine hours. The day before, a seven hour test measured oil flow at a rate of 463 bopd. Horse Hill stakeholders including UK Oil & Gas (LON:UKOG) and Solo Oil (LON:SOLO) rose strongly in Tuesday’s trading session due to the news of the initial test results. This morning, Solo Oil chairman Neil Ritson said: "The exciting initial flow rate of over 450 bopd has been maintained for a second day which is further encouraging news from this well. “Two further intervals are yet to be tested and we look forward to further news in the coming days." UKOG executive chairman Stephen Sanderson, meanwhile, said: "The well continues to produce high quality oil at good rates. “Although further work is required to be done, we are now beginning to establish the commerciality of the project earlier than originally anticipated. “The first two tankers full with 348 barrels of oil were sent to be refined at noon yesterday."
LONDON (Alliance News) - The companies behind the Horse Hill project in southern England Wednesday said oil has continued to flow from the well following the flowtest launched earlier this week, as the partners began to reap the rewards by shipping their first oil to a nearby refinery. The string of AIM-listed companies involved in the project released the initial results from the flowtest on the Horse Hill-1 well near Gatwick Airport on Tuesday, averaging a production rate of 463 barrels of oil per day over a seven-hour period. On Wednesday, the companies said the production rate dipped slightly to a rate of 456 barrels of oil per day on the second day of testing, which was conducted over a nine-and-a-half hour period. However, the companies used a smaller choke on the second day than the first, lowering production but also stabilising the flow. Importantly, the first day of flowtesting yielded a mix of 99% oil and 1% water but the second day of testing announced Wednesday showed 100% oil with no water. The sweet oil that has flowed naturally to surface so far has come from an 80-foot zone within the Lower Kimmeridge limestone interval, which lies around 900 metres below the surface. Once completed, the companies will focus on testing the shallower Upper Kimmeridge limestone and the Portland sandstone zones. Horse Hill Developments Ltd owns a 65% stake in the Horse Hill prospect and the remaining 35% of the prospect is held by Magellan Petroleum Corp. UK Oil and Gas Investments holds a 30% stake in Horse Hill Developments, whilst Doriemus PLC, Stellar Resources PLC, Solo Oil PLC and Alba Mineral Resources PLC each hold 10% stakes in Horse Hill Developments, with Evocutis PLC holding a 2% stake and the balance is owned by Angus Energy, in which UK Oil & Gas has a 6% stake. "The well continues to produce high quality oil at good rates. Although further work is required to be done, we are now beginning to establish the commerciality of the project earlier than originally anticipated. The first two tankers full with 348 barrels of oil were sent to be refined at noon yesterday," said Stephen Sanderson, chairman of UK Oil & Gas.
Further Update on Flow Test Horse Hill-1 Oil Discovery, Weald Basin, UK Further Significant Oil Flows to Surface from Lower Kimmeridge Limestone Following the announcement on 16 February 2016, Evocutis (AIM: EVO, ISDX: EVO) announces that Horse Hill Developments Limited ("HHDL") has informed the Company that light, 40-degree API, sweet oil has continued to flow naturally to surface from an 80-foot zone within the Lower Kimmeridge limestone interval at a depth of approximately 900 metres below ground level. Flow re-commenced at around 07.45 am GMT yesterday at a steady oil rate in excess of 456 barrels of oil per day over a further 9.5-hour period using a smaller 28/64-inch choke in order to further stabilise the flow. Yesterday's flow consisted of dry oil with zero water. As previously announced, Phase 2 and Phase 3 operations will move to the shallower Upper Kimmeridge limestone and Portland sandstone zones at approximately 840 and 615 metres below ground level, respectively, once the Lower Kimmeridge testing is completed. The HH-1 well, drilled at the end of 2014, is located within onshore exploration Licence PEDL137, on the northern side of the Weald Basin near Gatwick Airport, in which Evocutis owns a 1.3% interest. Interest in Horse Hill: The HH-1 well is located within onshore exploration Licence PEDL137, on the northern side of the Weald Basin near Gatwick Airport. Evocutis owns a 2% direct interest in HHDL. HHDL is a special purpose company that owns a 65% participating interest and operatorship of Licence PEDL137 and the adjacent Licence PEDL246 in the UK Weald Basin. Qualified Person's Statement: Stephen Sanderson, who has over 35 years of relevant experience in the oil industry, has approved the information contained in this announcement. Mr Sanderson is a Fellow of the Geological Society of London and is an active member of the American Association of Petroleum Geologists.
plenty of news to come .
Shares in six oil exploration shares advanced strongly on Tuesday with the news that the Horse Hill well, the so-called ‘Gatwick Gusher’, had flowed light oil to surface from the one of three intervals. It is the first result from an ongoing testing programme, and the results are very encouraging. Over a seven hour test period, the flow of oil was measured at a rate of 463 barrels of oil per day. UK Oil & Gas (LON:UKOG), a 20% stakeholder in the project, advanced 41% to trade at 1.98p by Tuesday afternoon. Fellow stakeholder Alba Minerals (LON:ALBA) also gained more than 40%, Stellar Resources (LON:STG) rose 27%, Evocutis (LON:EVO), and Solo Oil (LON:SOLO) were also sharply higher. Here we take a closer look at what’s going on at the high profile project. 1 - There’s no getting away from it, this is a very good looking result Arguably much lower rates would probably have qualified as a success. That this result comes from a type of reservoir that was unproven in the basin - at a project that has been scrutinised heavily - is particularly rewarding for the companies involved. From just one zone the well flowed more than 450 bopd; in the context of any UK onshore well that’s more than decent. The initial flow has been natural, not the result of stimulation or other enhanced recovery. Further tests will be carried out here, and in the coming weeks two more zones will also be tested. 2 - Proof and vindication Just who said precisely what, and quite how the large numbers that have been spoken about were arrived at, one thing is pretty clear: the companies involved in Horse Hill think it could be a very large project. Third party estimates, from contractors, have indicated there could be billions of barrels of oil resources locked within the ground. How much of that huge resource can be recovered was the big unknown. It still is. But, the fact that initial flows are already in excess of in-house expectations clearly bodes well for the Horse Hill proponents. David Lenigas, formerly chairman and still shareholder of UKOG, says Horse Hill’s doubters and ‘the poison pens’ would now have to eat their hats. In his personal blog, the outspoken entrepreneur said: “February 2016 will be remembered for many reasons. Not because David Lenigas was vindicated. This is more important than that. “It will be remembered as the dawn of a new energy era of prosperity for the UK.” (For the full blog post see: www.davidlenigas.com/uk-new-global-oil-powerhouse) 3 - The picture is not complete While today’s news is clearly positive for the companies involved, it is still not known quite how good the result is, nor is it know how sustainable these initial rates are. At the time of writing a second flow test is underway. Typically, the flows from oil wells are most prolific immediately at the start - for a simplistic picture, for e
It is a good looking result, there's no getting away from that. Now, here's a quick guide to what we now know about Horse Hill, the so-called 'Gatwick Gusher'.Over a seven hour test the flow of oil was measured at a rate of 463 bopd
I did at 0.08,two trances. strange that barcs were offering them at 0.10 though,on the ask,but ime not moaning.
5,327,240 ............the volumes is rising here .share price soon much higher and more news to come
hunted at 0.08
of potential for momentum on additional near term newsflow
come and buy here .
2,582,180