Member Info for Alan2017

I wouldn't be too disappointed if an RNS isn't issued during the mobilisation phase of the operation. Angus only issued a RNS when hydrocarbons came to surface during the 7 day flow test at Balcombe. I would expect their Twitter page to keep us updated with tweets, as well as photos and possibly videos.

BigDaddyIan - if you were an Angus investor then you would know what's been agreed, what needed to be put in place. You can't even take the time to read some RNS's? Oh thats right....your'e not even invested in Angus....yet are on the Angus board anyway?!?!? lol

Angus Energy, a conventional oil and gas development company, is pleased to announce subsequent to its RNS of 22 September 2017, the Company has received final approval from the Oil and Gas Authority (“OGA”) for its Field Development Plan Addendum at the Brockham Oil Field (Production License PL235).
As stated in the Company RNS of 11 May 2017, this OGA approval is the final regulatory consent needed for the Company to begin production from the Kimmeridge layers in well BR-X4Z (“X4Z”).

Prior to initiating production, Angus Energy will install a connection to the National Grid for the distribution of excess power generated on-site as outlined in the Company RNS of 22 September 2017.

http://www.angusenergy.co.uk/wp-content/uploads/2017/10/Angus-Receives-Brockham-OGA-Approval.pdf

Further to the Company RNS 23 October 2017, the installation of a connection to the National Grid for selling on-site power generated from associated gas production is in progress, contracts have been executed with a scheduled completion in March 2018. Prior Company guidance for the beginning of production from BR-X4Z is unchanged.

http://www.angusenergy.co.uk/wp-content/uploads/2018/01/Angus-Energy-To-Resume-Conventional-Production-From-Brockham-Lidsey-Oil-Fields.pdf

Johnny - best to repost it in March then.

WillowPillow - you have to get through all the planning phases ...just for Portland....Kimmeridge is at least 2 years away from when you submit your FDP. I hope it is during UKOG tenure as it would be a travesty if their PIs suffered...but this is the oilfield. Just look at the US Shale players. Which company is going to multi bag? The company with 5 billion shares or the company that has the ONLY Weald Production licence for the Kimmeridge? Lol

WillowPillow - how many US Oil Shale companies went bust chasing more acreage? Walk before you can run...aka make sure you can pay the bills before the bank takes everything and PIs get roasted. #payyourbills

Johnny B Goode - with regards to gas. Expect it for years. And Angus will sell it to the grid via gas to wire generator,

Johnny B Goode - UKOG are 30 years late to the Portland party.....so all their fancy RNS stating oil in Portland....wow....BP proved that in 1987 looooong sigh.

#statingtheobvious

WillowPillow - would you like me to go on the UKOG and explain to you why BB was screwed up not once but twice by not applying Good Drilling Practices? Just let me know and I will gladly jump boards seeing that you have zero oilfield experience and haven't even picked up a bucket of pipe pipe lol Your intentions on here are very obvious.

What is the difference between Brockham and HH?

Brockham is deviated where as HH isn’t.
Brockham has more exposure to the limestone than HH.
Brockham was drilled as a Kimmeridge producer with the correct sized hole for optimum production. HH drilled through Kimmeridge section with much larger hole due to well design assessing deeper reservoirs beneath it.
Brockham drilled with correct drilling fluid for producing from Kimmeridge. HH used wrong drilling fluid as deeper reservoirs were the objective.

By perforating a 200m / 650ft section of fractured interconnected rock containing hydrocarbons….that equates to drilling a horizontal well. You want to be in the production sweet spot…..so yes my 1,000bopd is conservative, but just look at the amount of money generated by just 1 single well…

Now why did you come over from the UKOG again? lol You should really have a disclaimer stating you have zero oil industry experience or knowledge as your post is very misleading and could influence PIs into making hasty and wrong decision.

Brockham is 4.97 miles from HH as the crow flies testing the same formation......do the maths ;)

Exciting times ahead for genuine Angus investors. The next 2 weeks should be transformational.

Continued for EyesOnThePrize aka BigDaddyIan

Weatherford PDF regarding the tools

https://www.weatherford.com/en/documents/real-result/formation-evaluation/wireline-services/ultrawave-ultra-sonic-imager-lwd-identifies-fractures-in-horizontal-shale-well-drilled-with-oil-bas/

If the limestones are interconnected then the interbedded shale has to act like pipework. You don’t have to listen to myself or Vonk…you can read it from your own man SS. In UKOG RNS dated 10 October 2018 they state:

“Simultaneous pressure data recorded in overlying KL4 is indicative that KL3 and KL4 are one single connected oil pool with an implied minimum vertical extent of 358 ft.”

http://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?article=28118845&company=ukog

What is the difference between Brockham and HH?

Brockham is deviated where as HH isn’t.
Brockham has more exposure to the limestone than HH.
Brockham was drilled as a Kimmeridge producer with the correct sized hole for optimum production. HH drilled through Kimmeridge section with much larger hole due to well design assessing deeper reservoirs beneath it.
Brockham drilled with correct drilling fluid for producing from Kimmeridge. HH used wrong drilling fluid as deeper reservoirs were the objective.

By perforating a 200m / 650ft section of fractured interconnected rock containing hydrocarbons….that equates to drilling a horizontal well. You want to be in the production sweet spot…..so yes my 1,000bopd is conservative, but just look at the amount of money generated by just 1 single well…

Now why did you come over from the UKOG again? lol You should really have a disclaimer stating you have zero oil industry experience or knowledge as your post is very misleading and could influence PIs into making hasty and wrong decision.

Exciting times ahead for genuine Angus investors. The next 2 weeks should be transformational.

EyesOnThePrize or should I really call you BigDaddyIan who has been banned before. Sadly your lack of warmth for Angus oozes from every one of your words….plus your history

Now why do I wonder would you be questioning my conservative numbers? lol As you’re not an investor in Angus…obviously its a threat to your UKOG investment which i totally understand.

After all I am using solely the Limestone production rates observed at HH for my calculations.

“Brockam isn't a horizontal well, so I will go for a conservative figure of 1,000bopd.

UKOG (actually Angus did it for them) flow tested their deviated well in both the Upper and Lower Kimmeridge back in 2016

Upper Kim perforated 88ft observing 901bopd
Lower Kim perforated 80ft observing 464bopd

So they perforated 168ft and observed 1,365bopd

Angus are perforating 200m or 656ft of Kimmeridge.
That is 4 times what UKOG did.”

So HH observed 1,365bopd from a vertical hole, which is too big for a producing well and drilled using the wrong drilling fluid for optimum production.

So 1,000bopd is a depletion rate of 25% (just for your uber negative equation). Now with your scaremongering folk are going to think Oil Companies have to drill new wells every 18 months…..which is both comical and wrong. As you have zero experience in the oil industry and don’t be using “I’ve seen all the reruns of Dallas” to beef up your CV lol

OK….now that we had determined your argument is full of fractures…..let talk fractures lol

A reservoir is like a sponge…where oil pools and then is just waiting for an oil well to be drilled. Angus have shown that it’s not just the limestone that acts like a sponge, but also the interbedded shales (which is totally different to Clay).

Listen to Paul Vonk at 5min 20sec

http://www.lse.co.uk/media/exclusive-balcombe-test-boost-for-angus-energy-as-oil-flows.html

“Used a specialised logging tools that could make an image of the bore hole. 400m of Kimmeridge….200m of it is singularly fractured. The fractures are containing the hydrocarbons.”

At 6min 44secs
“Brockham is a carbon copy of HH. Brockham is drilled as a Kimmeridge Producer. HH was never drilled as a Kimmeridge producer. Hole is too big and used the wrong drilling fluid to get the best out of the reservoir”

Angus RNS 3rd March 2017

“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…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. “

http://www.angusenergy.co.uk/wp-content/uploads/2017/03/

Seaace - still plenty of equipment to arrive: well testing equipment, cabins, flare, production tubing, perforation guns, chemicals, separator, gas to wire generator et al

So the guys will see more equipment today, tomorrow and from Monday onwards....rigging up all next week and into the weekend

Degsy - best read the earlier posts lol

Moneymaker - my earlier post must have got buried with the doom and gloom merchants.

"Get the big pieces in today.....so circa 2 weeks for the black gold to flow."

So that still stands...I would expect another tank to go in today from Balcombe.

I wouldn't be too disappointed if an RNS isn't issued during the mobilisation phase of the operation. Angus only issued a RNS when hydrocarbons came to surface during the 7 day flow test at Balcombe. I would expect their Twitter page to keep us updated with tweets, as well as photos and possibly videos.

http://www.angusenergy.co.uk/wp-content/uploads/2018/09/RNS-Balcombe-2z-well-test-commenced-Angus-Energy-24.09.2018.pdf

The photos from the site entrance at Balcombe indicates Angus will move the tanks from that site to Brockham, which is shrewd, as it reduces costs with unnecessary rental costs.

The big tanks have to go in to the bunded area of the Brockham site before you can build around it with the well testing package / gas to wire generator.

We still don't know if a workover rig will be used or just a crane.

356 "The appraisal works will require only limited additional plant over and above the existing permitted plant and facilities at the site. This will include a workover rig or crane of around 29 metres in height for a limited duration, a 12.2 metre high emergency flare stack for the duration of the appraisal works, together with a new gas generator, temporary tank, single process heater, pump and small transformer. The majority of new plant and equipment will not be visible from public vantage points outside the site with the exception of the flare and the rig or crane."

30/07/18 Officer Final Report

The perforation guns will be prepared at the service companys' base prior to being shipped in long shipping baskets. That should be one of the latter deliveries to the site.

Deliveries will be every day except for Sunday.

Adam has already posted the video

Can always use Twitter to denounce.

Speaking of which hope Angus will be posting some good photos / videos of equipment rolling in as well.

Get the big pieces in today.....so circa 2 weeks for the black gold to flow.

https://twitter.com/Adrianwfire/status/1058322475296153600

And Angus only pays 65% of the test costs...the other partners have to pay their share.

Lockedin - if the tanks arrive today from Balcombe then Angus can have the Kimmeridge flowing at Brockham circa 2 weeks.......so why the sudden rush to get a loan?

Brockam isn't a horizontal well, so I will go for a conservative figure of 1,000bopd.

Oil price $80 - $25 operating costs = $55
$55 x 1,000bopd = $55,000 per day x Angus 65% controlling interest = $35,750 per day

So in 1 month Angus coffers fill up by $35,750 x 30 = $1.07 million.
Plan is to test for up to 18 months........no placement required.

And I just used 1,000bopd to be conservative.

UKOG (actually Angus did it for them) flow tested their deviated well in both the Upper and Lower Kimmeridge back in 2016

Upper Kim perforated 88ft observing 901bopd
Lower Kim perforated 80ft observing 464bopd

So they perforated 168ft and observed 1,365bopd

Angus are perforating 200m or 656ft of Kimmeridge.
That is 4 times what UKOG did.

So yes my 1,000bopd is conservative. that equates to 5 tankers a day in and out without filling up the surface tanks.

3 months production = $1.07 x 3 = $3.21 million
6 months production = $1.07 x 6 = $6.42 million
9 months production = $1.07 x 9 = $9.63 million
12 months production = $1.07 x 12 = $12.84 million
15 months production = $1.07 x 15 = $16.05 million
18 months production = $1.07 x 18 = $19.26 million

From 1 well.......thats a lot of $$$$$$$