Member Info for Ibug

https://www.youtube.com/watch?v=YrdMOGzE9aY

last chance saloon before conclusion on the 13th. Final decision not until the Autumn.

For the inquiry.

Daily rate at 31 year low
The production rate in barrels per day (bopd) in April 2021was the lowest for 31 years.
The last month when the rate of onshore oil production was lower was April1990.
The total weight and volume of UK onshore oil produced in April 2021 were both down by around 5.5% compared to March’s figures .
Total UK onshore production in April 2021 was 8% down compared to April 2020 and 11% down compared to April 2019.

Full story here;

HTTps://drillordrop.com/2021/08/03/latest-uk-onshore-oil-production-data-april-2021/

That would be Monday then.

"The market will be notified of the share purchases under the DDSPP on the next trading day via a PDMR: Director's dealing notification. Further details will be issued in due course."

If you look at the last presentation they nearly drilled on top of one of the seismic lines. Slide 8.

ocelot
OGA and EA permissions still outstanding which is holding back any increase in flow rates from HH-1 imo.

We don't know what date they appled to the OGA for the FDP addendum.
https://consult.environment-agency.gov.uk/psc/rh6-0hn-horse-hill-developments-ltd/

hope9
Seismic surveying has nothing to do with the borehole apart from using the results to drill it in the right place.

Ocelot

Don't forget the EA Permit which closed over 3 months ago and includes reinjection.

"EPR/BB3691NN/V003 to allow for:
• Harnessing at least one (1) of the six (6) boreholes as a reinjection well for the purpose of providing production support
• Undertaking an injectivity test within HH-2 (HH-2z)
The following applications from the original application for consolidating the permits with the above have now beenwithdrawn:
• Permit Number: EPR/SP3339YS/V002 to allow for a regulated facility type: 1.2 A(1) h) (i) - Loading/Storage/
Treatment etc of Crude Oil
• EPR/TP3007PZ/A001 to allow for the operation of specified generators with an aggregated capacity of less than 50MWth for the production of electricity for export."

Heading down to $70

They did say "A further appraisal well Resan-6 is expected to be drilled next year post processing and interpretation of the new seismic data." so I don't expect anything to happen until next year weather permitting.

ZYX098

ocelot
You were correct. SS said 30-60 day well about 8 mins in

HTTps://audioboom.com/posts/7639199-stephen-sanderson-chief-executive-uk-oil-gas-plc-ukog-l-podcast

"Based upon the earlier than expected inquiry date and the inspectorate's average post-inquiry decision timescales, the inspector's ruling is likely to be issued in autumn 2021."

Why would anyone invested here not know what was going on at the various licences? imo they are just rampers here to make a quick buck and throw the toys out of the pram when they realise they have made a c**k up with their investment strategy. We see it all the time. I may open a mobile bum wiping service and advertise it on here.

You mean these?

03-Aug-21 15:20:50 0.145 -79,166,444 Unknown* 0.14 0.145 -114.71k
03-Aug-21 15:21:12 0.145 -79,166,444 Unknown* 0.14 0.145 -114.79k

Links to SS evidence

https://customer.surreycc.gov.uk/media/299/CD-I6-1-Company-proof-of-evidence-of-Stephen-Sanderson/pdf/Stephen_Sanderson_Proof_of_Evidence169459458.11.pdf?m=637607601045830000

https://customer.surreycc.gov.uk/media/298/CD-I6-2-Summary-proof-of-evidence-for-Stephen-Sanderson/pdf/Stephen_Sanderson_Proof_of_Evidence_Summary169459471.11.pdf?m=637607601043100000

HTTps://customer.surreycc.gov.uk/loxley-inquiry-core-docs

All documents downloaded here

Average price of Brent was $65 in April.

HTTps://www.statista.com/statistics/262861/uk-brent-crude-oil-monthly-price-development/

And it is fairly obvious to me that UKOG have been managing the flow rate as they mentioned in a RNS since the increase in water content. It is a fine balance between POO, disposal costs, water content and oil production which have led to a near constant monthly oil production IMO.

Mirasol
What planet are you on. Since the workover in November they have been managing the flow rate imo.

202011 101bopd
202012 82bopd
202101 102 bopd
202102 99 bopd
202103 105 bopd
202104 101 bopd

https://www.youtube.com/watch?v=OAl0AAvv3co

For those who have insomnia.

Reporting Period Month Name March
Reporting Period Year 2021
Oil Production Mass (tonnes) 436.54
Oil Production Volume (m3) 516.00
Oil Production volume (mb/d) 0.10
Oil production density (Kg/m3) 846.00
Associated gas production mass (tonnes) 9.15
Associated Gas Production Volume (MMscf/d) 0.01
Associated Gas Production Volume (ksm3) 8.55
Associated Gas Production density (kg/sm3) 1.07
Gas Flared - Volume (Ksm3) 8.55
Gas Flared - Density (Kg/sm3) 1.07
Gas Flared - Non Hydrocarbon (%) 4.50
Water production volume (ksm3) 249.00
Water production volume (mb/d) 0.05