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And there was me thinking they were only going to drill Loxley to prove they could carry on at BB.
Taken from Loxley planning application page 22.
"The Planning Statement sets out that flow tests and pressure data from the Broadford
Bridge and Horse Hill wells sites have been sub-commercial which is why the ‘potential
means of recovery’ needs to be tested at Loxley."
Legalese
Regardless of the detail have any of UKOG/ SS predictions come true? UKOG does have a habit of just 'forgetting' rather than admitting it's failures.
I wonder what of the current 'plan's will never be mentioned again?
Could it be the rest would be going to people's homes ibug
Makes you wonder why they have only asked to flare enough gas to supply about 1,600 homes year when they reckon they will produce enough gs to supply 200,000 homes a year at Loxley.
"So are you saying that the mighty SS never stated these famous words… With oil at 60 dollars and
permanent production at Horse Hill we will all be in the Bahamas.."
No Oceleot is asking you to quote your source, as he has done with his post. Loxley is going to be very interesting. Anyone notice the MM's had an pre-open ask of .16.5 this am...
September 2017....!
Just need to identify which interview it came from.
https://www.youtube.com/watch?v=V1_stpqkU7w
Yes and I concur, It is total bull shizt, as with most of your petulant and non related posts, the share price speaks for its self, have a good ramping day…I am away to pack a bag for work…
Thanks Ibug I was struggling to find the $60 interview, but what’s $10 between all that billions of barrels…
Ninetails,
You have combined 2 extracts from different years into one without making it clear this is what you have done (hence the absence of any source for your extract).
You concluded your post of 11:47 with these words: "Total bull Shizt".
But your conclusion relates to a quotation you have yourself created.
Ah. The famous "Bahamas" interview rears its ugly head. That was after the billions of barrels interview. Probably 2017 although it could have been earlier.
"SS stated in an interview a while back.
With Brent crude at $40 a barrel we will make a tidy profit with Brent crude at $50 a barrel we can all retire to the Bahamas. Brent crude currently over $60 a barrel and rising." came from another source
So are you saying that the mighty SS never stated these famous words… With oil at 60 dollars and
permanent production at Horse Hill we will all be in the Bahamas..
This is the RNS of 10/10/18: unless I am mistaken, it makes no mention of the Bahamas:
file:///C:/Users/User/Downloads/rns_news_.pdf
... The Directors consider that these positive KL3 test results now make it increasingly likely that both the Kimmeridge and Portland oil pools are set to make Horse Hill one of the UK's leading onshore producing oil fields. Permanent production at Horse Hill is targeted in 2019. I look forward to the continuing news flow from the remainder of the KL3 test and the final KL4 EWT."
This is an extract from UKOG's RNS of 10/10/18.
Can you cite the source of your extract, please, Ninetails?
SS’s View, don’t make me laugh…here’s one of his many previous Views…Remember this "I am delighted to have witnessed first-hand the resumption of significant continuous and sustained oil flow from the Kimmeridge at Horse Hill. Whilst it has been a long wait since the successful flow tests, it has been made more momentous by the Kimmeridge's significantly increased performance and productivity.
Whilst these are early days in the planned KL3 EWT sequence, with the well still "cleaning-up", the continuous and sustained high oil rates can only be seen as highly encouraging for the overall EWT objective of establishing the commerciality of the Kimmeridge. The Directors consider that these positive KL3 test results now make it increasingly likely that both the Kimmeridge and Portland oil pools are set to make Horse Hill one of the UK's leading onshore producing oil fields. With oil at 60 dollars and
permanent production at Horse Hill we will all be in the Bahamas... Total bull Shizt
That probably explains why no oil has been produced from all the wells previously drilled in the licence area.
It was also SS's view that the Loxley gas project "is perhaps one of the UK onshore's most valuable undeveloped assets" and this was before the enormous rise in natural gas prices had begun.
"The new seismic is an improvement on the prior 1982-92 data and for the first time links the original Basur-1 discovery with the Resan wells at the southeastern culmination of the anticline, providing encouragement that a single hydrocarbon accumulation could be present over the entire 60 km(2) Basur-Resan anticline ...
SS made it clear in that RNS of 20/04 that this interpretation was "in the Company's view" and not in the partners' view.
Nevertheless, further developments are awaited with keen interest.
Have house prices crashed around Dunsfold, HorseHill, Brockham …..
If they have it’s because the jobs related to Gatwick have gone…
Or people can’t afford to send their horses to the heated equine swimming pool next to horse hill
Hi can you explain how and why UKOG would get government funding?
Next news - "Loxley then government funding, watch this space." GLA
Let's keep repeating it and keep it at the top of the list :-)
Helps the trolls earn their deramping money!
TrollHunter2 Posts: 1,202 Price: 0.135 No Opinion 30/10/20
RE: bought inToday 12:01 Good move.
We are currently trading as a nano cap (<$50m)
SS target is mid-cap ($2bln - $10bln) which isn't unreasonable once they get some wells working...... could happen in any six month period going forward very quickly. It's a case of place your bets and wait and see.... after good research ofcourse on the fundamentals and potential assets. UKOG has a lot of asset to shoot at, so I'm fully in and waiting :-)
TrollHunter2 Posts: 1,170 Price: 0.16 No Opinion 12/10/20
RE: Buys flagged as sellsToday 11:39
Trolls busy this morning now they've got down off the rig and let UKOG get on with reperfing and increasing OIL flow rate out of HH-1. With the new set-up and the pumps working to their specified capacity we could expect to see a production rate of 500+ bopd by then end of this week.
Next news - "Loxley then government funding, watch this space." GLA
Let's keep repeating it and keep it at the top of the list :-)
Helps the trolls earn their deramping money!
? its up. You need to have L2.