Member Info for Alan2017

Trustatrade - HH and Balcombe have shown the oil naturally flows to surface without the need for water injection, gas uplift or fracking....just using the reservoirs pressure which is identical to what occurs at all the other oil field ms around the UK including Forties

John - I find any talk of acquisitions at such an early stage in the hopefully long history of the Weald is foolish and tampers trying to get the SP to rocket. I find it unhelpful and will put potential investors off. You need to drill multiple wells and achieve consistently high production rates over a period for the Majors to take interest. Years away for that.

Bladehater - for a Greenfield site...not a chance. Sorry, but the bureaucracy is very slow. Due diligence takes time and you haven’t even started the paperwork process..let alone finish the tests and analysis.

Trustatrade - I invested in Angus last year for Brockham and not Linsey which was always billed as paying the bills...I call it chicken feed.

Brockham having the Weald only production licence and drilling the Kimmeridge was the attraction for me. UKOG will have to wait at least 2 years from the time they submit their paperwork. They still have to complete their EWT and the analysis the data...then submit and then wait at least 2 years for all the entities to say es as its a Greenfied site.....and we haven't mentioned SCC involvement....Angus know all about them.

This is a great time to invest in Angus as they will carry out the Weald FIRST commercial EWT of the Kimmeridge, they have 2 other wells which can be converted to Kimmeridge producers in only 4 weeks once the thumbs up is given, Balcombe results of 3,000bopd with flow cut back due to pipe size is fantastic and one for the future.

Angus has all the keys to get to the finishing line first out of all the Weald players. UKOG has a great future as well...but is only just starting out on the long joinery to get into production (2021).

The question is where will investors feel comfortable putting their hard earned cash....something that is on a slow burner like UKOG or instant rewards with Angus who have the Production Licence.....with Bergen virtually sold out and Brockham due to start in net 3-4 weeks.....Angus SP is due to multi bag as it did last year. All the best.

Well things must be getting interesting for Angus as look at all the UKOG posters popping over to chat........why would they be doing that?!?! lol

willowpillow - in hindsight the BOD made a terrible choice when they did the placing and too whom....applied the hand break fully on the SP. I think they got caught out expecting Lidsey to be producing more which would have activated the 3.5 million NEX bonds (require a certain volume)...instead we are where we are today, but......

Now we see the results from both UKOG and Angus testing the Kimmeridge which is fantastic for all Weald Players. We certainly need continuous good news from all sites to get the feel good factor buzzing which will intern help the SP. Last year we fed off each others good news reaching new highs before BB and Lidsey really gave us both sucker punches.

If you had some spare cash then I would invest it in Angus as the Production Licence is the Golden Ticket. All the best.

itsallaboutme - Brockham will be an EWT as its a new untested formation for the Field, but the biggest difference is that it will be a Commercial Extended Well Test meaning the oil produced will be sold to the market (Vonk said a very slight discount to Brent price due to the 40API of the oil).

This will be the Wealds FIRST Commercial EWT of the Kimmeridge. As soon as the taps are opened then the coffers will be filling up with money. 65% to Angus.

Willowpillow - looks my response to you got lost with the additional posts…I posted this in response to your post on Thursday 22:51…it explains everything for you.

Willowpillow - your statement "Angus it would appear have some catching up to do" is factually incorrect.

Balcombe well - Wealds first Kimmeridge Horizontal well flow test with 1,700ft of tested.

Brockham - about to commence the Weald first commercial EWT with produced oil being sold to market. $1.36 million a month to Angus after costs and % factored in.

Brockham - Has a production licence for 6 wells with 3 wells already drilled. Side track and produce from Kimmeridge...HH does not and will take 2 years from the time of application...still need to complete well test and a FDP....

Bergen - finally getting rid of the folk who have strangled this SP for so long (thanks Vonks for a great business decision).

Regarding your latest post....liner needs to be perforated first (200m section)

Brockham selling points:

1. Has a Production licence...our neighbours don't.
2. Oil is flowing from the same formations less than 5miles from Horse Hill as the crow flies.
3. Brockham has 2 other wells already drilled that can be easily converted to Kimmeridge producers. Plug the well and then sidetrack into the Kimmeridge using existing wells subsurface infrastructure means costs are very low and you have a producing well in 2 weeks and 2 in 1 month.

Why on earth are you talking about acquisitions? Very long way for that to happen.

Maxreturs - welcome to the Angus BB....I must say rather a strange first and only post on here.

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

20 questions - test isn’t finished, haven’t analysed the data, submitted FDP and biggest hurdle ....Surey County Council. You cannot rush government bodies ...as Angus sadly experienced with Brockham (which had a production licensce). UKOG are starting from scratch

Jester - Ok seeing that you asked me…it’s the industry norm for going from Exploration to Development and then Production.

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 that it's SCC that UKOG will be dealing with. 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.

Apart from my experience…you can listen to Vonk here

From 9min 20sec to 10min 55sec.

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

You can also read it at the following links:

https://www.ogauthority.co.uk/exploration-production/development/field-development-plans/

https://www.ogauthority.co.uk/media/5075/fdp_guidance_requirements-document-oct-2018.pdf

Also Cuadrilla paperwork state:

“The borehole flow testing and pressure monitoring data will require analysis. The analysis will enable Cuadrilla to decide whether or not to seek the necessary planning, permitting and other approvals required to take the site forward as a production site. This analysis and assessment process will take approximately six to nine months to complete after the flow testing and pressure monitoring has finished and the data been collected. In the event that the assessment concludes that a future production phase would be commercially viable, then an additional 18 months would be required to apply for and secure the necessary planning, environmental permitting and other permissions required for production operations.

https://cuadrillaresources.com/wp-content/uploads/2017/10/Balcombe-Planning-Statement-26.10.17.pdf

Angus have the production licence for Brockham, have been very shrewd in applying for a commercial production test for up to 18 months.

There are 3 wells already drilled at Brockham. The other 2 wells can be converted to Kimmeridge producers within 2 weeks for each well (plug prior to side tracking using existing subsurface well infrastructure.

Angus SP will multi bag due to being able to fill up their coffers with produced oil money....UKOG will not be in that position and that's why I expect Angus SP to shoot up once folk realise this.

Willowpillow - your statement "Angus it would appear have some catching up to do" is factually incorrect.

Balcombe well - Wealds first Kimmeridge Horizontal well flow test with 1,700ft of tested.

Brockham - about to commence the Weald first commercial EWT with produced oil being sold to market. $1.36 million a month to Angus after costs and % factored in.

Brockham - Has a production licence for 6 wells with 3 wells already drilled. Side track and produce from Kimmeridge...HH does not and will take 2 years from the time of application...still need to complete well test and a FDP....

Bergen - finally getting rid of the folk who have strangled this SP for so long (thanks Vonks for a great business decision).

Tortoise and the Hare my dear lol......Angus are the one who will be multi bagging......why? Production Licence ;)

I think certain folk are trying to make PIs jittery and sell up ....cheaper buy in price before Brockham sets alight the touchpaper. Nobody truly knows how Bergen operate...certainly not in this board, but then why start selling their shares in Angus for a lot less than holding on. On the surface it looks like they aim to get out of Dodge before the fun starts. We shall just have to wait and see.

Brooko - actually Pboo said the 7 day well test wouldn't begin until Mid October.....even worse.

I see the trolls have been trying to work their magic regarding Brockham and a lack of equipment.

You’re not going to send equipment from 1 operation to another without taking a big risk of having equipment failure. Only folks who do that are the Arabs who enjoy very cheap contract rates and are willing to take the risk of a failure say 1 in every 20.

Brockham is gong to be a long EWT, so even though the equipment has just been used, you still need it to be serviced. You don’t want any equipment to fail during the test. Why? Well you are circulating very strong abrasive fluids which can eat away at seals (resulting in a failure with temperature / pressure / chemical reaction), also solids can build up in lines / tanks and even though they may have been flushed out at Balcombe...it’s not a thorough job.

The coiled tubing equipment had a failure while doing the logging run (couldn’t run the tools on slickline due to the hole angle being too high). Halliburton ran the coiled tubing, so this will lost likely be sent to Aberdeen or Great Yarmouth for servicing.

So you have to factor in time it takes to get equipment back to their respective a yards, cleaned, serviced, configured for Brockham , pressure tested, prepared for delivery and finally delivery. I would say 1 week from the tIme it left the site ...so say 10th October earliest... I would hope to see other ancillary equipment arriving.

itsallaboutme - I'll buy you the first drink lol

Brooko - you will also note Vonk spoke about the size of pipe holding the oil back....all you need to do is pull the completion string and run larger diameter production tubing.

With the pump.....you start to get excited regarding the potential. Long wait is almost over.