Union Jack Share Price (UJO)

"GP, well done, and thank you, but you know we are mostly not oil&gas guys, just punters (without which industry dead) so please please do tell us, what is this?"

Porosity is the amount of space in-between the rock grains - essentially where the oil and gas sits -in place

permeability is a measure of how easily the fluids or gas can flow through the rocks.

You can have high porosity (good) and low permeability (bad) and every variation around that. Increased estimates of permeability mean the oil will flow better into the well and you will get an increase in productivity. These are forecasts of course - to do it properly you have run a reservoir model

https://youtu.be/ZCD4htU574Y

Sounds to me like expect further RNSs this year on plans for Wressle.

All makes sense to me with the free cash flow to max profits.

Well done to all partners

Hi milnrowmug. I view the improved permeability reported by ERCE as being very positive. And thinking about what SecretBlueprint has posted about water breakthrough, I expect it will happen sooner rather than later if production is vastly increased. However, I understand that we've not yet seen any formation water. It must break obviously through at some point, but not for a long time I hope. When it does, Egdon will have to dispose of it, and water disposal can be quite costly.

'winger excuse' ???
is that when a player says "honest ref., I played the ball"

Share price is finally heading to where it should be!