Member Info for cperkin

Oh look, there's the 2nd one of the day.

Beedin Drewky ;0))

Come on where is that news on KN-1 and that sticky valve, I sent 1 can of 3 in 1 and 1 can of WD40 to the bod.

90% COS is for the appraisal of the current producing layer, R1/R2
60% is for the Mengo, also appraisal - target = 8.1m barrel gross contingent resource and targeting 500 bopd
25% is for the Djeno sands - Exploration, targeting 58.4 M barrels and 5300 bopd per well.

lol BD, I was wondering if we will get to a point where the value of solo's UKOG shares is higher than the solo market cap.....one to watch for sure, but it sounds like the declaration of commerciality for the Portland is not far away and testing of the KIM is underway.

GLA

Those 2.25p OO shares are looking rather attractive:)

Well done all UKOG holders - now onto the big potential prize!

Current value of solo's UKOG shares = £6,026,587

Final HH-1 Portland flow test sequence successfully completed. all Portland operational objectives achieved.
·    Successful Portland re-perforation programme targeted 114 feet of oil pay, adding 14 feet of new pay. Following re-perforation, well productivity increased by up to 65%.
·    Independent oil consultants Xodus Group's ("Xodus") analysis of flow and pressure data interprets that further HH-1 Portland vertical well optimisation could achieve a forecast sustainable initial 24/7 pumped rate of around 362 barrels of oil per day ("bopd")* when full scale long-term production commences, exceeding original estimates. This analysis is key as it establishes the absolute flow potential of the Portland reservoir for future production wells.

The Company's economic modelling indicates that HH-1 Portland is robustly commercial at even the lowest observed sustainable daily rate of 140 bopd and at oil prices below $60 per barrel. A formal Horse Hill Developments Ltd ("HHDL") declaration of Portland commerciality is therefore expected shortly following receipt of Xodus' final connected oil volume analysis. A planning application for long term production is planned to be submitted to Surrey County Council shortly, prior to the completion of the forthcoming Kimmeridge EWT programme. Full-scale long-term production, targeted for 2019, is subject to co-venturer and regulatory approvals.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=UKOG&ArticleCode=wqj3z4j4&ArticleHeadline=EWT_Updates_Portland__Kimmeridge_Oil_Discovery

Thats more like it

Have to wait till the GM on Thursday and results of OO John.

lol he clearly sees there is money to be made from this level then, bet that was his £103K buy

We are also due news on the KN-1 well remediation in Tanzania and the "stuck valve" at least, not expecting anything on the perforation of the deeper target for a while unfortunately.

Fair point, but that about settles that anyway.

https://twitter.com/Adrianwfire/status/1038811602206773248

Quite right, do your own research, make your own decisions on investments and take ownership for your choices, good or bad - end.

Should do steve, the KIM is the big test though, will they wait for those results or will the sale be more driven by timing and needs?

Certainly an interesting week for solo holders like you say, open offer results and maybe results of the Portland and commerciality?

GL

Current value of SOLO's 234,042,221 UKOG shares, representing 41% of solo's current market cap.

lol, lift it, shift it, spud it - 10p

Well if nothing else, the large fall grabbed the attention of traders and investors and widened interest.

Don't know about 5p or 10p on CH-1? it all depends on what they find down there. Certainly the farmout deal is supposed to be all done and dusted by the end of November and the EGM before.

Near term I am expecting an update on KN-1 and progress on the valve as a minimum.

GLA

Not sure Drewky is making any Judgement on the merger Tarry, just that it is the expected outcome? Also they mentioned the transfer of staff to Zubairs I believe?