Member Info for dsfat

Pmmbns what exactly are you wanting regards news flow ?

Within the last 4 weeks we've had two HH RNS updates one Cloggy RNS and an Inglefield RNS !

Maybe a tanker count RNS is what you are looking for lol

Everyone is watching UKOG and Angus along with DOR and Alba..News spreads fast and if it's good news we'll all be sitting pretty..If it's bad news we're all F...ked !

LOL DYOR GLA & WTFDIK

DL tweet today made me smile :-)

https://twitter.com/DavidLenigas

I was wondering who picked up the 2.5 M :-)

Any news from HH today ?

Thought i'd comment on the Angus RNS..

Somewhat surprised by the £2 M placing when Brockham looked all set for EWT production. My guess is that they are required to have funds in place as the operator in accordance with OGA should anything go wrong.

Also should they fail to get the Kim flowing first time at Brockham they would find it hard to raise funds.

Maybe not so surprising looking at it now..

Presumably this will go through and Brockham will commence this year as per the RNS ?

Who knows for sure.. So focus back on HH for now..

We might see something on TBS this month :-)

Alba holders probably keep an eye on both the UKOG and Angus chat boards for updates etc..

Alan2017 has been the Technical guy on Angus and aside from calling out Trolls his posts are very interesting.

From early am today:

After all I am using solely the Limestone production rates observed at HH for my calculations.

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

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.”

So HH observed 1,365bopd from a vertical hole, which is too big for a producing well and drilled using the wrong drilling fluid for optimum production.

So 1,000bopd is a depletion rate of 25% (just for your uber negative equation). Now with your scaremongering folk are going to think Oil Companies have to drill new wells every 18 months…..which is both comical and wrong. As you have zero experience in the oil industry and don’t be using “I’ve seen all the reruns of Dallas” to beef up your CV lol

OK….now that we had determined your argument is full of fractures…..let talk fractures lol

A reservoir is like a sponge…where oil pools and then is just waiting for an oil well to be drilled. Angus have shown that it’s not just the limestone that acts like a sponge, but also the interbedded shales (which is totally different to Clay).

Listen to Paul Vonk at 5min 20sec

http://www.lse.co.uk/media/exclusive-balcombe-test-boost-for-angus-energy-as-oil-flows.html

“Used a specialised logging tools that could make an image of the bore hole. 400m of Kimmeridge….200m of it is singularly fractured. The fractures are containing the hydrocarbons.”

At 6min 44secs
“Brockham is a carbon copy of HH. Brockham is drilled as a Kimmeridge Producer. HH was never drilled as a Kimmeridge producer. Hole is too big and used the wrong drilling fluid to get the best out of the reservoir”

Angus RNS 3rd March 2017

“Angus took the search for natural fractures a stage further by using the Weatherford Ultra Wave Acoustic borehole imaging tool. This is its first use in Europe…The tool made it possible to see fractures in the borehole directly, unlike the need to infer fractures from logs. The information confirmed not only evidence of natural fractures in the two main limestones intervals previously tested at Horse Hill, but also confirmed abundant natural fractures in sections of interbedded shales and limestones between and below the two main limestones. Around 200m of the reservoir has this potential. “

http://www.angusenergy.co.uk/wp-content/uploads/2017/03/

Worth a read

You think it might have been GF and some Alba executives out Gold prospecting ? lol

"The indications from these assay results is that large-scale mineralising systems exist in Alba's licence areas and that this could indicate the presence of porphyry copper and/or IOCG systems. These deposits are typically polymetallic and very large in scale."

"Given the potential significance of such a discovery, this is something we intend to focus our future work on at our Inglefield Land Project, both in terms of the further geological and geophysical analysis to be undertaken over the winter as well as the follow-up field exploration planned for 2019."

Sounds like good news to me :-)

With 10% of Brockham, 10% of HHDL and 20% of Lidsey and an MCAP of circa £3,351,047 DOR looks cheap as chips.

If it were still trading on Aim it would be multiples of where it is now..

With things hotting up does DOR have the funds to cover costs ?

Alan posted on Angus board a tweet made by UKOOG the trade body for the UK onshore oil and gas industry.

'Interesting post about gas dependency'

https://twitter.com/UKOOGroup/status/1056846090790674432?s=20

'The UK spends £13 million every single day to import gas. Just over half of our supply comes from overseas, a figure that's set to rise to 73% in 2035. We think it's about time we started utilising our own onshore supply - bringing with it jobs, tax revenue and local investment.'

Does the Weald Basin hold a lot of Gas ?

£13m a day spent on imported Gas !

Any Gas experts on here ?

Nice Monday morning tanker leaving HH.. https://twitter.com/Adrianwfire/status/1056847356358873089?s=20

I'm not sure if this is old news but reading the Prim RNS on 24th Oct they have sold the 83,333,333 shares they picked up when Alba took up the 49% of GMOW last December.

As described above we exited the last of our direct, project-level investments namely our remaining 5% of HHDL for £375,000 in cash and 63,644,030 shares in UKOG. We note subsequent to this transaction completing, news from HHDL and its shareholders regarding early-stage performance of the Kimmeridge portion of the extended well test programme was highly encouraging with initial observed short-term flow rates exceeding expectations. This is on top of the excellent flow-rates from the Portland announced in the summer upon which a declaration of commerciality has already been made.

From PRIM RNS:
'We are pleased to now be in a position to leverage off the activities at the HHDL-1 oil discovery without being a direct contributor to the overall development budget. We view UKOG, as the largest shareholder of HHDL, as the best exposure to the project, so we have now sold our shares we held in the other previous and current members of the HHDL consortium.'

Like I say it might be old news but I thought i'd share it all the same.

Try not to nod off :-)

http://www.ukogplc.com/vid.php?aID=380

Interesting to hear SS talk about Oil well costs and recovery amounts required to payback new Oil wells and additional infrastructure at HH.

Great to see things getting going at Brockham..

No fund raise from Alba which is great news..maybe GF had funds allocated already or maybe Alba have benefited from Oil sales from HH ?

Either way let's see if Angus can get the Kim really flowing there..

Brockham is well know for it's Bonfire Night but could soon be setting things alight for UK Oil production :-)

How many are you holding ?

Degsy Almond posted this on Angus board and it's worth a look:

https://youtu.be/7p51HfO4cfM

Thanks Brocal53

https://twitter.com/Adrianwfire/status/1054387952447619072?s=19

Place your bets folks this is what we've all been waiting for :-)

Come On Horse Hill lol

I'm not a big UKOG fan (as some will have noted) but your strategy looks good to me..

Nice cover bet

Do we know how much Oil is being transported in each of these Tankers ?

The Tanker count is at 33 (no reason to disbelieve this) 20 Takners from Kimmeridge..

Alba's share of these Tankers is circa 4 :-)