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Stopistart is clearly Adrian FOTH. I don't know why people keep feeding his troll tummy. Always begins the weekend in fairly innocuous fashion then becomes increasingly unpleasant as the weekend goes on. Gets banned when Admin return and then does it all over again.. Tragic way to exist.
Stopstart
Have you done any research read the RNS's.
If you have any understanding it is there.
Stopstart
You claim to be a shareholder here, If you feel how you do why do you remain a shareholder or is it all lies?
"it was stated that nothing new would be happening at Horse Hill in the next 12 months before they went to Turkey so we will have to see how things progress"
Well nothing much is happening at Horse Hill.
Oh and nothing much is happening in Turkey.
Less actually, as they didn't get the other licences they were banking on over there.
Soooo not much progressing to see rully.
I mean, there's has been lots of progress in Pockets' wallet.
Burger all anywhere else.
Stopstart
You seem to forget that the OGA will have the resource information from the EWT at Horse HIll.
Time will tell Penguins but it was stated that nothing new would be happening at Horse Hill in the next 12 months before they went to Turkey so we will have to see how things progress.
"HH1 is a production well with a value."
8'-D
Wizard,
complete BS. If UKOG is doing nothing because of the vexatious legal challenge to PP then xr know exactly what to do when this one fails.....
In that case why did UKOG drill HH-2/2z and not (as planned) drill HH-1z immediately after?
No the reason why the Kimmeridge is't being produced - or only mentioned as an aside - is because the testing has proved something that we're not being told.
What that is might be who knows (UKOG & Xodus but we won't be told) is it 1) it only works in closure, hence the (hopefully) updip target of HH-4; 2) even then the flow rates have declined during testing dramatically with modest volumes of production; and 3) that water injection to help into the naturally fractured Kimmeridge won't work.
Why else was the ewt reporting so vague with initial rates, instantaneous rates, average rates, but no mention of final rates. Lots of rebuttals to my posts pointing out the incomplete data pi were being fed - and in production even less information. Were it not for the OGA we wouldn't necessarily know how rapidly production dropped off illustrating the vast differnce between the carefully selected information being RNS'd during the ewt and what the Portland was truly capable of.
Ibug
I think there are a couple of reasons for the delays the legal challenge to the site & the COP26 conference at the end of the month.
I am looking for better news towards the end of the year for progression.
wizard
The EA permit decision is 2 months overdue. Do you think they are in consultation with the OGA hence the delay?
Stopstart
HH1 is a production well with a value.
Should it be the case that the 20 year production licence granted by Surrey council is overturned it is all for nothing so you will just have to be a little more patient the same applies for the water injector and the EA permit.
The government has won a similar case recently in the North sea so it should not be to long.
"Complete failure also to stop the water ingress in to HH2z "
What are they supposed to do?
A lo of people on here pointed out that whilst occasionally you can shut off water in oil wells in the vast majority of cases it really doesn't work very well. Hence so many small UK fields suffer from high water cut
StopStart
Why when he has HH-1 Kimmeridge still there? Would be far easier producing from both at the same time as they did previously.
Stopstart
That sounds ideal timing to drill the Kimmeridge side track at Horse Hill had the regulations and challenges not been so longwinded this may already have been completed.
...and some doubt the comedy available in this forum.
vernonya
Have you done any research into the reason that you mention?
One if the main reasons that I see is the complexities and time consuming nature of UK regulations and legal challenges compared to other countries.
My hope being that once the Horse Hill legal challenge, EA permits and OGA permissions are granted for Horse Hill things will progress a little more swiftly especially with good revenues and profits.
I for one am very much looking forwards to the ties being released on this project to allow it to prosper and grow.
UJO probably overpriced itself at 35pps and it has now sunk to 17pps .
EDR Very similar in prospects has increased from 1.4 pps to 1.95 pps .
UKOG have not benefited at all from the energy crises and are still sinking. The problem is they have the OIP and they are bringing it to the surface and probably can do that for a number of years yet, but they seem more interested in drilling unproven sites instead of capitalising on what they have. Time to investigate other avenues is when the balance book is stable , not keep issuing shares to finance other ventures