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UK Onshore
UK Onshore (26.25% working interest) PL090
Waddock Cross
PL090 includes the Waddock Cross oil field. The field was discovered in 1982 by British Gas with the WX-1 Well which encountered 22 metres of 29 API oil in the Jurassic Bridport Sandstone at a depth of c. 610 m TVDss. Egdon spud the WX-2 well in 2003, and completed it in January 2004. WX-2 also encountered a 22 metre thick oil column. Following acquisition of 3D seismic survey over the area, the WX-3 well was drilled as a horizontal appraisal well in 2005. The field was put onto production in 2013 through WX-2, but was shut-in in 2014 due to high water cut from this well.
The Operator Egdon Resources coordinated the completion of reservoir modelling work on Waddock Cross. The Operator estimates that Waddock Cross contains a significant Stock Tank Oil Initially in Place (STOIIP) volume of 57 mmbbls, and that a new horizontal well could yield commercial oil production of 500-800 bopd and c. 1 mmbbls recovery per well.
As of 31 October 2023, the Operator Egdon advises that they are progressing plans for restarting production at Waddock Cross.
Waddock Cross licence
Interest:
26.25%
Operational Phase:
Development
Operator:
Egdon Resources
c. 57 mmbbls
of Stock Tank Oil Initially in Place (STOIIP) (Operators latest estimate, April 2023)
Just got rid of another alias , pity it `s not that easy with BL what an absolute disaster for sharehoders he has been.
Small trades gone through today
Why did you get in the first place😂
Unrisked volumes. Calculated from seismic attributes and imaging. There is a reason no one is interested. Not saying there is nothing there, but years of trying to farm down without success suggests the big boys (who know what there are doing) see something different to UOG.
No helium project here
Holds 2.5 billion barrels That’s a gigantic any idea when they will start drilling? This can be easy 10 bags without helium project, All depends how long it will take
Well you're already at it, but please keep pumping, I might get to a break even and get the chance to bail out of this disgrace.....
Let’s do a bit of research
Agree. Crazy low mkt cap now this will get pumped up!
This will be like HE 1
Really tempted
Come on mannnan Top up and I will buy some as well
Call all in Then
100 percent worth loading up now at these levels.
Just count the number of buys since the RNS was issued,
Onwards and upwards,
Brian deliver for UOG just as the Irish 1st XV have delivered unparalleled success for the 4 provinces of Ireland,
your time, your moment and your leadership skills are now being brought into the forefront and the shareholders gave you their support today,
Regards,
Dream !
Why won't this go to 0.10 ?
500,000 shares released tomorrow !
Another 165,000 warrants at .28
Ameen
How many companies made progress in the last 10 years ?
Maybe hardly one or two 99 percent lives on placing.
I guess some are allowed to DREAM!
If no progress in the next 12-18m then surely anything is possible (highly unlikely as if no significant progress in the next 9-12m then we need a board change imo).
Donald Duck this is going to 0.10
Today we find out if we’re totally Donald Ducked !
You had a good chance to sell buddy
Mannnan You have a chance now to sell went up slightly
Let’s see big bounce from here
Rising