Dec 201715 Nov 2018 22:48
From rns:
The HH-1 Portland sandstone and Kimmeridge Limestone oil discoveries lie within onshore Weald Basin licences PEDL137 and PEDL246 covering an area of 55 square miles (143 km2) north of Gatwick Airport. As previously reported on 21 March 2016, HH-1 flow tested at a significant commercial aggregate stable dry oil rate of 1,688 barrels of oil per day ("bopd") from the Portland, Kimmeridge Limestone 3 ("KL3") and Kimmeridge Limestone 4 ("KL4") reservoir horizons.
So we get an average for k3 of 300+ bopd average. K4 to come. Look at the difference in the original 'sell' and today.s rns. We havent even seen Xodus' decline curves. Many here are still saying it was a great rns. Well it wasnt. The mkt will feel mislead ... but given the participants, they will not be surprised. Loads of newbies trapped ...same rampers still bleating on ... where Double? What a mess. Mind you, to be fair, the general mkts have declined too. Maybe, on any other day, maybe would have seen a 3% ish fall...given k4 needs to be flowed. Dicey times ...all uk companies are being hit. Brexit is a disaster of monumental proportions ... 'we are the self preservation society' ... no poiltician will suffer ...why? Bcos they.re in the upper stratas of society ...it.s the working classes who.ll suffer... min wage chaps. AI will one day get the intelligent too. The rise of the machines is upon us ...as is socialist europe. Rhys Mogg ...run! It.s like watching a Thatcher clone again ... i give up ...aaarghhhh!