Member Info for Alan2017

Can you imagine the look on Rodders face if equipment started turining up next week lol

Rodders - by deramping Brockham then you are deramping HH which is only 4.97 miles away...its the same formation....loooooong sigh lol

Rodders - I would be more concerned that you are running out of EWT days to test the Kimmeridge...you spent so long trying to test the Portland ....you might actually mess up your prime test.

Sniff - I would say in the next 2 weeks we should see dust trails heading to Brockham.

As per the planning report it is still uncertain whether Angus will use a workover rig or crane. Due to the well angle I doubt whether they will use coiled tubing, but never say never. Balcombe was different as it was a horizontal well.

What has caused some PI's to be impatient is the previous interviews going all the way back to February stating the equipment would go from Balcombe to Brockham to save on mobilisation costs. I don't know why he said that as you don't do that with well testing equipment (they experience high pressures / temperatures and corrosive fluids). A drilling rig yes can keep on moving as its continually being serviced during the job. But service company equipment most of the time is sent back to their base for cleaning, testing and calibration with another set being sent out.

Also Angus may have redesigned the EWT at Brockham after observing the results at Balcombe. Vonk did say the flow rates would have been more than 1,600bopd if it wasn't for the size of tubing causing slugging and a higher performance pump (they were getting more than 3,000bopd). Angus may be looking to run larger size tubing to achieve the best results from the test / production. That would involve some correspondence with OGA.

Rodders74 - 161 posts on UKOG in past 30 days........doesn't that say it all lol

I will say with all the interest from our noisy neighbours....equipment at Brockham within the next 2 weeks.

Heres another one of my deramps just for Propants lol

In just 1 minute 35 seconds you hear why Angus is the best bet in the Weald for PIs who want to see a great return in their investment.

From 9min 20sec to 10min 55sec.

https://audioboom.com/posts/5915586-paul-vonk-managing-director-of-angus-energy-angs-12th-may-2017

itsallaboutme - haha...that sums him up perfectly

Propainter - i think you have been smelling your paints for too long lol

"Why will Angus offer investors the greatest return:

1. Weald's only Production licence.....this is the number one reason. This puts Angus years ahead of its neighbours because you can actually sell the product to the market...its not a paper what if profit....its a physical profit. Rather like owning a car but you can't have a MOT for it...looks great but the car will just be growing weeds until you get that all important piece of paper.

You drill a well, discover oil, test the well, carry out an EWT, analysis the data gathered, submit a Field Development Plan (FDP), OGA and other bodies review it….2 years file by or more and then they give the thumbs up. What you also have to factor in is which council will you be dealing with....in UKOG instance its SCC. Angus went through a tough time for a field that already has a production licence. UKOG HH will be a Greenfield (brand new) …thats even more hoops to jump through and in tern more delays.

2. Weald's FIRST commercial PRODUCTION test about to take place at Brockham.

Brockham is 4.97 miles from HH site as the crow flies. Results from their 2016 flow test were exceptional

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.

Angus will carry out an EWT on their deviated well at Brockham and will start producing straight away....after all that is what an EWT is. The oil they produce will be sold to the market and the proceeds divided amongst the partners. Angus have been very shrewd by requesting up to 18 months of testing.....which means 18 months of production. Better to ask for more than required than have the test cut short due to problems.

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

Oil price $85 - $25 operating costs = $60
$60 x 1,000bopd = $60,000 per day x Angus 65% controlling interest = $39,000 per day

So in 1 month Angus coffers fill up by $39,000 x 30 = $1.17 million.

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 = $1.17 x 3 = $3.51 million
6 months production = $1.17 x 6 = $7.02 million
12 months production = $1.17 x 12 = $14.04 million
18 months production = $1.17 x 18 = $21.06 million

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

Pboo - still waiting for your link otherwise we can't trust your thoughts...your track record proves that.

Your non response is deafening.........clock is ticking louder and louder

Guys...let the deramper post an official link to prove his thoughts.....otherwise ignore him.

Propainter - you'll have to be a bit more detailed....

Angus board - notice how Pboo cannot provide links to his own thoughts? Why is that?

Last thought he had on 26th September 2018 stated:

"Alan2017
I have said we will not see oil flowing till mid October. Lots on this forum are saying oil will be flowing by end September which I think is impossible."

Oh dear....cringe lol

Pboo - "I thought Surrey CC had granted Brockham was a 3 year EWT???"

Still waiting for the links and not your thoughts.....clock is ticking lol

Pboo - welcome on to the Angus board....now why would you be here?!?!?!

Please post links and not thoughts....last time you did that you said Balcombe 7 day flow test wouldn't start until mid October.....oh dear lol

Pboo - welcome on to the Angus board....now why would you be here?!?!?!

Please post links and not thoughts....last time you did that you said Balcombe 7 day flow test wouldn't start until mid October.....oh dear lol

Shakeyerbooty - xxxyyyzzz posted this regarding Vonks calculations

This is how much Vonk said each 100 bopd should value Angus just 2 weeks ago:

Paul Vonk interview
04 Oct 2018
Https://www.youtube.com/watch?v=fNhzlBV_9H8

Paul Vonk: "Each 100 bopd = £25m-£40m mkt cap."

100 bopd = £25m-£40m mkt cap (4.25p-6.825p for 65% share)
500 bopd = £125m-£200m mkt cap (21p-34p for 65% share)
1000 bopd = £250m-£400m mkt cap (42p-68p for 65% share)
1365 bopd = £341-£546m (57p-93p for 65% share)
2000 bopd = £500m-£800m (84p-136p for 65% share )
3000 bopd = £750m-£1.2 billion (126p-204p for 65% share )
4000 bopd = £1 billion-£1.6 billion (168p-272p for 65% share )
5325 bopd = £1.33 billion - £2.13 billion (224p-362p for 65% share)
(NOTE: Angus own 65% of Brockham)

All the above figures are based on Paul Vonks comment: " "Each 100 bopd = £25m-£40m mkt cap."

Angus flow tested 1365 bopd at HH from 168 ft of kimmeridge then sold their stake to drill the thicker Brockham.
Angus are about to PRODUCE (not flow test) 656 ft of kimmeridge at Brockham. Thats 3.9x more,ie 5325 bopd.

Imac1 - great point...didn't know they had minimum requirements. That should make it very interesting

Glad to see Daily Mail on top of their game.....Bergen out or virtually out and about to carry out the Weald's first commercial production flow test of the Kimmeridge not mentioned.......sigh

"Why will Angus offer investors the greatest return:

1. Weald's only Production licence.....this is the number one reason. This puts Angus years ahead of its neighbours because you can actually sell the product to the market...its not a paper what if profit....its a physical profit. Rather like owning a car but you can't have a MOT for it...looks great but the car will just be growing weeds until you get that all important piece of paper.

You drill a well, discover oil, test the well, carry out an EWT, analysis the data gathered, submit a Field Development Plan (FDP), OGA and other bodies review it….2 years file by or more and then they give the thumbs up. What you also have to factor in is which council will you be dealing with....in UKOG instance its SCC. Angus went through a tough time for a field that already has a production licence. UKOG HH will be a Greenfield (brand new) …thats even more hoops to jump through and in tern more delays.

2. Weald's FIRST commercial PRODUCTION test about to take place at Brockham.

Brockham is 4.97 miles from HH site as the crow flies. Results from their 2016 flow test were exceptional

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.

Angus will carry out an EWT on their deviated well at Brockham and will start producing straight away....after all that is what an EWT is. The oil they produce will be sold to the market and the proceeds divided amongst the partners. Angus have been very shrewd by requesting up to 18 months of testing.....which means 18 months of production. Better to ask for more than required than have the test cut short due to problems.

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

Oil price $85 - $25 operating costs = $60
$60 x 1,000bopd = $60,000 per day x Angus 65% controlling interest = $39,000 per day

So in 1 month Angus coffers fill up by $39,000 x 30 = $1.17 million.

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 = $1.17 x 3 = $3.51 million
6 months production = $1.17 x 6 = $7.02 million
12 months production = $1.17 x 12 = $14.04 million
18 months production = $1.17 x 18 = $21.06 million

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