Member Info for Ibug

Argus
Which date was that?

Ok. So it's an average of just over 85 bopd. Happy now? And an average of just under 149 bopd since they started testing. That way everyone knows. It is an EWT after all.

Pboo
No RNS or UKOG tweet on 18th December. It was the 27th. Between 27th December and today it works out at just over 85 bopd. Those are the figures Argus should be using when he is giving his predictions not those for production every day. You can't have your cake and eat it.

Argus
You were the only one who said 400 tankers yesterday. I didn't say you were lying. All I gave was my calculations from the number of tankers reported on twitter which was obviously way off. I can't help it if the eyes keep deleting tweets before I get a chance to view them.
400 tankers @220 barrels a tanker works out at 88000 barrels so not all those tankers were full.

roganjt
Check my previous post. It works out at just over 85 bopd since last update on 27th November . "Total HH-1 test production now stands at over 78,844 barrels ("bbl"), with over 49,276 bbl from the Kimmeridge oil pool."

My apologies. Obviously the eyes missed loads over xmas and new year.

373 tankers. They have announced when the 200th and 300th left the site on twitter. Don't you think they would do the same for the 400th. And this is where you have the problem with posters ramping. Check the RNS's for amount produced and divide by 220 to get the number of tankers. Last official total was 78,844 barrels on 27th November or just over 358 tankers. Pump has been on and off a number of times and oil has come from 3 different sources since then. Check twitter for number of reported tankers.

I think you will find the 2nd crane was on the back of a lorry from

https://www.hgwellsltd.co.uk/services/wireline/

ocelot

Probably because the meeting has been cancelled. 24th March is the next one.

https://westsussex.moderngov.co.uk/mgCalendarMonthView.aspx?GL=1&bcr=1

ocelot
Just look at the number they need to look through and it's not even closed yet.
https://westsussex.planning-register.co.uk/Planning/Display/WSCC/071/19

Comment on this application until (07/02/2020)

About 82,000 barrels or 371 tankers.

ipadtrader

Don't forget this proviso on "operational performance"

"This Loan agreement also provides for further funding on the same terms of between £3.6 million and £4.5 million dependent on the operational performance of the Horse Hill asset."

PSC
I never said I did. Perhaps you need to read what is written.
I would speculate that they were lifting the set of manifolds, valves and pipes that were delivered last Wednesday into place by HH-2Z. Hardly negativity. They wouldn't want to mix the crude with the not so crude would they.

Steptoes
You really are a cry baby. Did you know the anagram for steptoes is the feminine plural for sospette which means suspicious, suspect or questionable.
96 hours is the normal long pbu test length during EWT's. UKOG have not said a word about re-starting HH-1. All we know from twitter is that it is pumping and I don't think the eyes can see underground.
Are you relying on insider information or is it Jackanory?
I would wait for official confirmation before speculating which is all you keep doing.

Steptoes
Pure speculation as usual. We don't even know what layer HH-1 is producing from. One tanker has left HH since they started the pump again on the 30th.

and twice on Saturday. You must be very insecure in your investment Steptoes. Overextended? Drowning? Or is it all just a ploy to get the mugs to buy in so you can get in at the bottom? It's amazing how some will post that they have topped up to encourage others so that they are then free to get in at a lower price.

1000 bopd is about right for a SP of 2p in the absence of a full Production Licence and substantive CPR imo. They haven't said how they are going to manage the Portland and Kimmeridge production from HH-1 yet.
3 choices imo;
1) co-mingled Portland and Kimmeridge (difference in pressures of layers means a no no imo)
2) Portland and Kimmeridge produced at the same time independently
3) Portland and Kimmeridge produced alternatively

Bait and switch

Steptoes
All my info comes from presentations/RNS's/interviews. SS has not given an update on the value of the Portland or the Kimmeridge so you are just making it up imo. The next well planned is in the Kimmeridge. That is hardly prioritising the Portland.

And yet the company have stated target recovery is only 1 million barrels per well for HH.
I also question your Arreton figures as the company state "219 million barrels (“MMbbl”) within Purbeck, Portland and Inferior Oolite limestone reservoirs" which are for the Arreton Main, Arreton North and South Prospects.
I never believe posters when they make up their figures. You might as well value at £1 a share as many will believe that.

The results of the General Meeting are only valid until the next AGM which is normally some time in April. That gives them a window of up to about 10 weeks to use the powers if adopted.