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Coil tubing:
Nitrogen generators, equipped with high-pressure booster compressors, are increasingly being used to deliver gaseous nitrogen in a growing number of coil tubing operations. Coiled tubing units have replaced conventional rotary units and readily perform well displacements, cleanouts, jetting operations, gas lift procedures, and numerous other workover techniques. Coil tubing also transports acids and reactive chemicals down the wellbore and tubing corrosion is a concern. Low density, high-pressure gaseous nitrogen is ideal for these applications.
Well completion/workovers: The low density, high pressure properties of nitrogen make it ideal for use in a variety of well completion applications such as cementing operations (including control of cement slurry weights), pressure-activated devices, well cleaning, and fluid displacements. High-pressure nitrogen can displace drilling fluids, reduce hydrostatic heads, and allow the well to resume production. The use of nitrogen in cleanout operations does little or no damage to the formation and may enhance well production and longevity.
I think it’s good news FOTH isn’t posting today.
He has a good relationship with Harry the Horse.
If bad news was looming, he would be going ballistic.
I can see a nice continued steady rise from now on going forward as they start and complete the ROUTINE water shut in.
Read RNSs.....it’s all there!
Nice when a plan comes together.
“ equipment has finally become available enabling routine water shut-off intervention to be scheduled in February ”
The futures bright.
My oh my what a load of rubbish being banded about on here.
Whoever listens and makes financial decisions about buying shares on the basis if what’s being posted on this site are just so gullible.
Stick to the official RNSs.....not posters here!
Wondering what can be accredited to Friday’s late price activity/fluctuation.
I cannot see any shares traded after 4.05pm.
Given the price movement, l was sort of expecting some large after market closed transactions to show up????
Monday will be interesting, particularly if we get an RNS update.
No.
I read the RNS as the water was encountered at the far en of the drill.
It appears to be a relatively easy fix....
....... but the have to source correct equipment.
No point keeping rig on site until they are ready. Daily rig costs don’t come cheap.
Always baffles me why people who don’t hold UKOG shares spend so much time on here telling others how bad this company is!!!!
As for Sanderson, l doubt he can buy shares with the knowledge he has about the company. I’m sure he will be in a closed period.
In normal circumstances, the consolidation didn’t have to happen. In fact KM has openly spoken against it.
It has been done for a reason that will benefit the company, probably to do with new investors/financial backing.
All will be revealed in due course!
Brilliant news.
Jeeez....how many times does this guy need to be told by the lawyers that it's ''not in the councils remit'' to defer on the grounds of earth quakes?
The experienced planning application guy just confirmed he will be voting in favour of the application.
Feel really confident about this now.
The Chairman seems in favour of permitting the application.
Their main objection - earth quakes, has been legally discounted.
The council have to ignore this concern as the Oil and Gas Authority have responsibility over this.
I believe it is going to be approved !!
Agree with that.
Even some objectors are talking of conditions to a given go-ahead.
Day traders will bring this down for a while.
But it’s only going one way.
A conservative 2.85 for me please
If all goes to SS plan l have no doubt UKOG will be well above 11p. But this is long term.
Near term l believe 3p to 4p is very realistic. Rig arriving, horizontal drilling and speculation will see us get to 3p.
How much higher it goes will depend on results. 11p ? Possibly. Hopefully a lot higher!
....... and l particularly like the bit about “accelerating he timescale”
£62m market cap.......and we are sitting on how many billions if barrels of oil. Very undervalued to me! This is a very good short, medium and long term share. Dividends in a few years.