UKOG 2016 vs 201817 Jul 2018 11:21
2016 Tested Total 1688bopd
Portland 323bopd
KL4 901bopd
KL3 464bopd
"As previously reported in February and March 2016,
two naturally-fractured limestone members within the Kimmeridge section, known as KL3 and KL4,
flowed dry, 40-degree API oil, at an aggregate stabilised natural flow rate of 1,365 barrels per day ("bopd")
with no clear indication of depletion."
"The overlying Portland flowed dry, 35-degree API gravity oil at a stable pumped rate of 323 bopd.
The Portland oil was produced at the rod-pump's maximum achievable rate and thus flow was constrained by the pump's mechanical capacity."
"2018 Extended Well Test (EWT) Overview
The EWT will comprise a series of three separate test sequences commencing in the Portland followed by the KL4 and finally, the deeper KL3. If time permits a test combining the KL4 and KL3 (a commingled test) may be undertaken. Each test will utilise existing perforated zones as per the 2016 test programme. The expected duration of the full flow programme is around 150 days."
"Portland Test
As per the 2016 test, which flowed oil from the Portland at a stable metered rate of 323 bopd over an 8.5 hour period, a linear rod-pump will be utilised to flow Portland oil from around 35 metres of existing perforations located at around 615 metres below surface. As the 2016 test rates were constrained by the pump's capacity, the new test will use a larger pump with a capacity of around 475 bopd."
In 2016 the pump was smaller, giving 323bopd at Portland, now they have a larger pump that can pump around 475bopd. The first thing they will be testing Portland so anything above 323bopd will be an excellent sign.
Then the next step is KL4 to be tested, which in 2016 produced 901bopd, that the one we want to see figures for
and then the KL3 will be tested, which in 2016 produced 464bopd
Assuming all three Portland, KL4, KL3 hit over there 2016 levels (323bopd, 901bopd, 464bopd), as there is a larger pump in play, we are looking at 1688bpod+
UKOG owns 32.435% of Horsehill
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