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ocelot

"estimated recoverable gas of between 43-70 bcf x £15 per 1,000 cubic feet = potential valuation of £645m-£1,050m.

Thus, over the field's expected 20-year life, average annual revenue falls in the range of £32.25m to £52.5m."

Most of those are your figures. Only "With gas prices currently at around £15/1000 ft³," came from a letter to J Hunt.
I still can't correlate the price of gas in the market at about $8.6/MMBtu to SS's £15 per 1,000 cubic feet when 1,000,000 MMBtu = 1 Bcf.

Oil at about $120 a barrel is being sold on as petrol at about 3 times the price of the original product so imo SS is being a bit disingenuous with his figures. Go figure.

And there was me thinking the natural fractures of the Weald were full of oil and gas according to many on here.

I hope SS read this bit "The sites are a mix of depleted oil and gas fields and porous rock formations containing seawater, and come on top of six licenses granted under a pilot scheme. Applications close on Sept. 13, with awards handed out early next year." More jam next year?

Views sought on IGas plans for grey hydrogen production in Surrey

People are being invited to comment on the environmental impact of plans by IGas to produce unabated hydrogen at its gas site at Albury in Surrey.

Full story here:

https://drillordrop.com/2022/06/13/views-sought-on-igas-plans-for-grey-hydrogen-production-in-surrey/

The company behind gas exploration near the Surrey village of Dunsfold has complained to the local MP, Jeremy Hunt, about his comments that it would cause “enormous damage and disruption”.

Hunt to Gove letter included.

Read it all here:

https://drillordrop.com/2022/06/13/company-refutes-mps-opposition-to-consent-for-dunsfold-gas-drilling/

"drilled and tested" Well we all know that is not true or is it? Alford-1 was drilled but not tested and we all know the reasons why not.

"Alfold-1 was drilled in PEDL234 and penetrated a 211 ft gross Portland sand interval with the top of the
reservoir 1 ft shallower than Godley Bridge-1. The well reported oil shows in the Upper and Middle Portland
zones and weak gas shows. A water wet zone was calculated from electric logs. There is no deviation
survey available for Alfold-1 and the location of the well on entering the reservoir is uncertain, however it is
apparent that a directional survey was conducted and the final well report lists formation tops with depths.
Although the depth of the Portland in the well is known, the XY location is not. The depth and the shape of
the structure as mapped from seismic would suggest penetration of the reservoir above the contact however
no hydrocarbons were seen, only oil shows.
The structure is covered by only sparse 2D seismic data from which the shape of the discovery is defined but
the maps do not close in the north east at the depth of the GWC defined in Godley Bridge-1.

ocelot
I don't suppose you checked his figures for accuracy.
What price is gas I wonder?
Is SS working on what customers are paying?
Has SS allowed for Operational expenses/costs?
It sounds a load of BS to me.

And posting it four times even makes it 4 times worse.

Was he doing an ocelot? He sent it on the 10th so guess he will probably send it a third time just in case someone missed it.

Asking for an extra 10bn shares would have appeared greedy! 9.8bn sounds far better!!! They need the extra shares to keep the lights on imo especially with all the extra consultant fees for new projects.

I do love these wannabees. They haven't put in one planning application yet to satisfy the 11 conditions set by SCC. Don't any of you remember how long it took to get the last lots through the planning process at SCC. And they need to do that before they can even build the road and pad.

There were only 5 conditions from the 2018 application and they took ages to go through.

We were promised 164 Bcfr once upon a time. They found nothing.

We gave up certain oil at Markwells.

In 2016 when they acquired the licence for PEDL 234 UKOG never put a value on the expected volume of gas in the licence area. That is rather strange when the previous licence holders had previously reported Gas in place (bcf for Alford. What they did say was;
"The Company has commissioned the following independent external studies, which will be reported shortly:
- Nutech: a detailed analysis of the Oil in Place of the Kimmeridge section and deeper Jurassic within the 300 sq km Licence
- Assessment of the Gas in Place and potential recoverable volumes within the Portland accumulation proven by GB-1"

I wonder who worked at Nutech? The rest is history.

Perhaps I should write a letter to SS telling him I think he is talking out of his ass.

ocelot
When you pay someone to write a report for you what do you expect them to say. If they had had asked them to write a CPR I'm sure they would have declined as others have when previous requests have bee made by BoD's at different times and for other companies as well dating back over the years.

There are some interesting articles worth reading about the area.
Industry Activity Reports (8 results found)
Report Title
Company (Contractor) Type Date Download
2ND ROUND LICENCE APPLICATION PULBOROUGH WEST SUSSEX
MARINEX (MARINEX) Licence Application Oct-1987 Report
Enclosures
3RD ROUND LICENCE APPLICATION WEALD BASIN
TRITON (TRITON) Licence Application Oct-1989 Report
Enclosures
PL203 RELINQUISHMENT REPORT
CAIRN (CAIRN) Licence Relinquishment Report Mar-1992 Report
Enclosures
OUT OF ROUND LICENCE APPLICATION GODLEY BRIDGE
EUKAN (EUKAN) Licence Application Jul-1993 Report
EXL291 EXL292 WEALD INTERIM TECHNICAL REPORT
INDEPENDENT (INDEPENDENT) Licence Activity Report Jul-1997 Report
Enclosures
13TH ROUND LICENCE APPLICATION CENTRAL WEALD
MAGELLAN (MAGELLAN) Licence Application Feb-2008 Report
13TH ROUND LICENCE APPLICATION WEALD BASIN
WEALD (WEALD) Licence Application Feb-2008 Report
13TH ROUND LICENCE APPLICATION GODLEY BRIDGE WEALD BASIN
EGDON (EGDON) Licence Application Feb-2008

Sarcasm dear boy. All taken from. It was what the original post deserved.

https://www.thetimes.co.uk/

Could it be
Who’s making the money on fuel — and how high could prices go?
Why my £120 tank of petrol just raised £145 in tax
Silenced, arrested, sued... for daring to complain about their failed investments
Here’s why you should learn to take more risk
My favourite would be "I made Elvis with help from Bowie, Prince, Jagger and Harry Styles"

Interim results
AGM
News on turkey
News on HH
First planning application in for Loxley conditions
ANOTHER project

I know my question for the AGM will never make it to the floor.
HH-1 and Kimmeridge
HH-2Z and reinjection/coring Kimmeridge
Openness about Turkey licences and previous wells drilled there
Why they bailed out on Arreton given the amount of oil supposedly there

The first 2 are the same ones I put in last year.

Time is ticking before winter sets in. We all know what the weather is like there thanks to TH2 and his efforts last year in posting weather reports. If they choose another site it is going to take about 4 months to build a road, pad and drill the well.

UKOG
@UKOGlistedonAIM
LOXLEY UPDATE: Environment Agency, custodian of UK’s environment, granted #UKOG full permit for all environmental aspects of Loxley on 26 June 2020. This should provide comfort to rational people of Surrey and the UK. #Loxley #gas https://tinyurl.com/2abnrayy
1:25 PM · Jun 10, 2022·Twitter Web App