Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Interesting link here, not much detail, but claims that horizontal flow rates as much at 17x vertical are already being seen in Tatarstan.
https://events.eage.org/en/2017/horizontal-wells-challenges-and-opportunities-kazan-2017
wiz - I suspect that the extra length might just be the reason for the increased flow, or at least part of it.
We are being told that horizontal wells flow at 3 × the flow of a vertical well. The Portland perforated vertical section is only 114ft giving us the currant flow rates but can anyone estimate what the actual initial & sustained flow rates are likely to be from HH2z barring in mind that the sidetrack with the perforated liner is going to be about 3000ft long compared to the vertical perforations which are only 114ft long?
The perforated liner is 26× the length of the currant 114 feet perforations if it was possible to flow 1/3 of that current flow over the whole length of the new well HH2 would have nearly 3500BOPD.
No further drilling would be done at HH without increasing the amount of oil that can be produced & transported from HH by Surrey County Council.
Nhawan
Any one with an ounce is sence could see Angus had problems at Brockham.
The Eyes reports showed exactly what was going on.
Horsehill is totaly different, everything is going to plan. Great PR coming from UKOG and backed up with great shots and reports rom the Eyes.
Tankers are leaving daily from HH1 Kimmeridge and just a few feet away they are drilling HH2Z.
Not long now and they should be flow testing the Portland and UKOG have said in numerous RNS's that the expected rate will be 2 or 3 or MORE than the rates of 360bopd.
Todays RNS says the main flow from the Portland is from the sweet spot. HH1 being a vertical well and the Portland being 240ft thick and UKOG perforated only 114ft the sweet spot and we are getting over 300bopd. HH2Z is being drilled for over 3000ft, all in that sweet spot.
Who knows what the flow rate will be but it is very possible that it could be well over 1200bopd
114ft in the sweet spot = 360bopd
3000ft in the sweet spot = one hell of a lot of oil.
Take todays profit?
Troll hunter,
I don't really need to comment about your prediction of 19p in six months given your predicton ability over a much shorter time period of 12.9p by end October.
But a valuation of over a billion in 6 months. Based on what? At best UKOG might have 2 Portland horizontals producing at an as yet unknown rate plus the Kimmeridge vertical well producing at another unknown rate.
Even if they double the OIP for the Portland and then prove they can get 50% of it out, and become 100% owners of HH that may (at $70 oil) have an NPV of about half a billion, and those circumstances are very unlikely in the next six months.
Greed fear,
Bramhill saying a horizontal well might flow 1000 to 1500bopd when the vertical well flows 350 bopd is hardly fact - it's speculation. He doesn't have any details of the specific geology. Nor do we. I would stick to a sensible uplift of the 'prudent' 220 bopd UKOG were prepared to flow the vertical well sustainably at. They want this well to work for up to 20 years so apart from initial rates where the cork might be loosed from the bottle I would expect caution flowing the horizontal.
Judging by previous data releases it will be impossible to translate released flow rates to a value for the Portland (mostly half hour max rates or 'prudent' sustainable rates). That will require the release of a CPR, at least that might appear within six months.
Even ANGS was positive right up until they washed their hands of Brockham hence why sp on here is muted. People are rightfully cautious and taking profit when they can and it looks like now is the time to take today's profit.
This is AIM an i think investors are very wary of jam tomorrow statments like, hit the sweetspot, turn the taps on, aiming to deliver, capable of delivering significantly higher...too many hyped up drills that end up disapointing investors (like Brockham)...time will tell GLA
Unlikely to be busting a 1 billion MCAP quite that soon. Holding steady at 4-5p would be fantastic in the next 6 months.
We'll be seeing 19p passed in the next six months, forget the 1.9p milestone... think bigger like UKOG!
So I take you have just brought some??? now you would like to see 1.9p????
Would like to see the 1.9p passed here