RE: anybody left who believes DL?13 Dec 2018 15:50
This is why the Kimmeridge has been uncovered after so many explorations by many well known oil coys over the years .
Angus took the search for natural fractures a stage further by using the Weatherford Ultra Wave Acoustic borehole imaging tool. This is its first use in Europe. Technical papers are to be presented on this at DEVEX Â shortly. The tool made it possible to see fractures in the borehole directly, unlike the need to infer fractures from logs. The information confirmed not only evidence of natural fractures in the two main limestones intervals previously tested at Horse Hill, but also confirmed abundant natural fractures in sections of interbedded shales and limestones between and below the two main limestones. Around 200m of the reservoir has this potential.
Angus are opening the well drilled some years ago aimed at the Kimmeridge------
At 9.04 this morning seismic activity was recorded at Brockham.
But the real prize is the company activity which may occur shortly
DOR is apparently back from suspension with an sp of $aus .08 [from $Aus .67 when first placed in Australia].
DOR is a DL company.
Now David Lenigas is a marmite figure, largely because he built up hopes that took many months to come to fruition.
This left many with shares underwater, and some took losses.
But now we are days from Brockham Kimmeridge flow figures.
This is the time to form a producing company that will be competitive on the world stage.
This is speculation based on the best course of action. If it does not happen, in an ideal world it would..
Drills into HH and Holmwood will produce 10,000bopd+ while they process permissions.
It will take time, but delivery by rail is possible.
But look at the Europa[Holmwood] partners--
Europa interest 20% (operator)
Partners
UKOG 40%, Egdon 18.4%, Union Jack 7.5%, Angus 12.5%, Altwood 1.6%
Together with Horse Hill and Angus Brockham it forms a block some 10km square.
If and it is a big if, DL has fashioned a new company it will be a major player.
We can only wait and see, but the Kimmeridge is shown to flow as has the Portland levels, and if Brockham does not perform well, they can always re-drill.
The price of Angus is on the move, and can produce immediately meaning it has big potential upside.
Doriemus is targeted at Brockham and Lidsey with operational stakes, and has been languishing on ASX, which enhances their potential.
The site is secluded and away from buildings, with a rail line close by.
The Wytchfarm well has been producing for years.
Angus, however it develops, will enter the history books.