Member Info for Ibug

for the 3 planning applications for the conditions imposed by the 2018 decision notice closed yesterday. Reigate and Banstead Borough Council had no objection to any of them.

What he doesn't tell you is he was TA and did his time in the Army at University. Check the dates out. More than one way to polish a bio. All sounds good on paper. They didn't give rifles to Officers just in case they shot one of their own.

What SS says about himself.

“I’ve drilled around 50 wells, of which 23 have been oil discoveries, and of those 14 have been commercial,” he says with a glint behind his yellow-framed spectacles. “That’s not a bad rate. Exploration is all about risk. You have to look at the range of possible outcomes from the best to the worst and work out where the likely result lies. Of course, you need to start with good geology but you also have to be lucky.”

It was the vehicle for collecting the data from the tools that had been put down the well. PW Well Services by the looks of it as it was painted grey.

Planning application meeting has been put back till 25 March. New files added.

09/01/20 Clarifying Email re Wild Bird Seed Mix Planting - redacted
14/01/20 Swept Path Analysis
14/01/20 Covering email - Swept Path Analysis - redacted
17/01/20 Applicant Reply to Noise Queries_Redacted

I'm guessing when they said in the RNS "A short routine intervention on HH-1 is now underway, which aims to further optimise and increase the Portland production capability of the well." that is exactly what they are doing.

It's a bit like tke the clue they dropped when when they said "no suitable slim-hole production logging tool " the term slim-hole should have rung bells and whistles. How many wells are drilled with a final hole size of 4 1/2"? Don't think there will be many of those slim boys just lying around.

We are months off debt-based funding imo.
1) Updated CPR required. Kimmeridge? Portland?
2) steady source of income required. How many months income do they need to satisfy the criteria?

Do the math. 331,125,828 shares over 6 months is about 129 trading days or 2.56m shares a trading day, 13m a trading week or 52m a trading month depending on what they class as "orderly".

8/4/15
NUTECH
L. Portland OIP 7.2 MMBO/Sq. Mile
Work in Progress:
Final assessments of the Upper Portland sandstone reservoir and the Oxford and Lias sections are still being completed
with the assistance of UKOG and its technical team. The overall regional potential of the Weald Basin is the subject of
ongoing analysis under the contracted alliance.
-END OF EXECUTIVE REPORT SUMMARYSincerely,
Allen D. Howard II
Chief Commercial Officer
NUTECH Energy Alliance, Ltd.

8/5/15
Xodus
Upper Portland Gross 100%
STOIIP (MMbbl)
Low Best High Mean
14.3 21.0 30.4 21.8

4/6/15
Schlumberger
Main Upper Portland Sandstone OIP 16.2 MMBO/mi2
Lower Portland No figure given

19 July 2016
RNS NUTECH
UK Oil & Gas Investments PLC (LSE AIM/ISDX: UKOG) announces that a new petrophysical analysis by Nutech, incorporating the findings of the successful Horse Hill-1 ("HH-1") flow test, demonstrates a threefold increase in calculated total oil in place (OIP) per square mile at the HH-1 well within the Upper Portland pay zone. As reported in May 2015 a total Horse Hill Portland P50 OIP of 21 million barrels ("MMbbl") was calculated utilising Nutech's petrophysical analyses. Nutech's May 2015 evaluation assigned a Portland OIP value of 7.7 MMbbl per square mile at the HH-1 well. Nutech's current evaluation upgrades the Portland OIP at HH-1 to 22.9 MMbbl per square mile, a 200% increase

07 February 2017
RNS
Xodus calculate Portland sandstone P50 Oil in Place ("OIP") of 32 million barrels ("MMbbl"), a 53% increase from the 21 MMbbl previously reported prior to successful 2016 flow testing
· Gross recoverable Portland 2C Contingent Resources 1.5 MMbbl
· Net UKOG attributable Portland 2C Contingent Resources 0.5 MMbbl
· Base Case Portland initial oil-rate estimated at 350 barrels of oil per day ("bopd") per well
· Ultimate recovery could be increased by a further 8-14% of OIP via early implementation of a water re-injection scheme. If successful, this could represent a 114%-440% addition to 2C recoverable resources, equating to a further 1.7-6.6 MMbbl gross recoverable, or 0.5-2.1 MMbbl net to the Company

Portland OIP MMbbl Xodus

Low (P90) 21.5 Best (P50) 32.2 High (P10) 47.4 Mean 33.5

Resource Category 1C 0.6 2C 1.5 3C 3.6 Oil MMstb

6/6/18 Portland Oil MMstb Xodus

Resource Category 1C 0.59 2C 1.5 3C 3.63

Xodus calculate Portland 2C Contingent Resources 1.5 MMbbl.

NB Look at name on 2015 sign off from Nutech

Should have read 220

11 June 2019 Horse Hill-1 continues to produce Portland oil at a stable rate of over 220 barrels of oil per day ("bopd") via a modest pressure draw down.

17 May 2019 The Portland continues to produce at a stable rate of over 220 barrels of dry oil per day ("bopd") at a modest reservoir pressure draw-down.

11 April 2019 dry oil production from the Portland reservoir at the Horse Hill oil field has continued at a stable rate of over 220 barrels of oil per day ("bopd")

15 March 2019 The continuous Portland dry oil flow (i.e. oil with zero water content), at a stable daily average rate of over 220 barrels per day ("bopd")

18 February 2019 Horse Hill Developments Ltd has re-established Portland oil production from the Horse Hill-1 ("HH-1") well. The resumption of continuous Portland dry oil flow (i.e. oil with zero water content), at a stable daily rate of between 208 to 218 barrels per day ("bopd"),

Argus
Here is one of many examples "The water control job increased oil production and decreased water cut successfully without any operational problems."
All I was doing was pointing out is that you are a complete BS merchant who can never back up what he preaches. It was a good guess by you but yet again you could not provide a link to your claim.
Everything you say needs to be taken with a pinch of salt imo.
FYI the Portland was kept at a steady 200 bopd in HH1 during the EWT. imo that was for a reason. I don't expect them to change that during production but they are unlikely to give out production figures in RNS's if they have any sense.

And yet the water is supposedly at the toe which probably has the least affect. You'll have to do better than that Argus to BS the PI's.

Perhaps you would like to supply some examples of these increases so we can all make up our own minds of the validity of what you suggest.

Missed opportunity by not following the original plan and drilling HH-2 down into the Kimmeridge imo. No doubt SS is kicking himself. Would have made an ideal injector below the lower Portland. Self inflicted wound or just par for the course!

So when the company says "More than 250 tankers of crude have been sold to Perenco at prevailing Brent oil prices and transported successfully for onward shipment to Esso’s Fawley Refinery near Southampton." in the Unaudited results for the six-month period ended 31 March 2019 they are lying are they?

https://www.lse.co.uk/rns/UKOG/uk-oil-and-gas-plc-half-year-report-8r63cm13f6d1t62.html

Mirasol
You need to listen to SS Interviews more. He has said on a number of occasions that the only drilling done in PEDL 137 will be done from HH. I'm not going to go back to try and find it but it was also stated in in one of the FAQ or Q&A pdf's on the well laid out UKOG website. It even stated that "Any additional wells, if permitted, will be on the same
existing well pad. It does not require extra space or land."
They would need to carry out the requirements of the RA clauses for PEDL 246 or lose that licence imo.
"PEDL246
Horse Hill Development
RA
acquire 25 km of new 2D seismic by 30 June 2020 and acquire 10 km2 of 3D seismic by 30 June 2021, and drill a well to test the Kimmeridge limestones by 30 June 2021."

Cardinal3
They still had 1200 feet to go when the motor burnt out. Check the RNS. They drilled another 700 feet with the new motor and only stopped drilling because "The good, clean horizontal trajectory, together with the continued indications of possible improved reservoir quality and significantly lower pressure-depletion than expected, led the Company to decide that there was little technical or economic benefit in pursuing drilling to the maximum planned c. 3,000 ft horizontal trajectory."
Many believe they knew that they had hit water and that is why they stopped.

https://www.lse.co.uk/rns/UKOG/horse-hill-oil-field-hh-2z-horizontal-update-yhesc7that5a4zw.html

@Adrianwfire on twitter shows cranes working for last 3 days even when they stopped flights at Gatwick. Big crane (orange) back on site today so imo they use this one for taking rods out and putting them back in.

PSC
I have been trading here for over 6 years now and have over 100 trades to my name in this share alone. I rarely believe a word said by any of the BoD's past or present with the precedent set by JT and DL. Best not to 2nd guess imo and wait for a RNS. All bets covered here.

PSC
And yet every 2 or 3 days you come up with " I'm expecting an operational update this week." Make your mind up or are you just sucking up to what PI's want to hear?
The water ingress could not have happened in the worst place; the sweet spot. It will take them some time to work out how to solve that little problem imo.

Really?

Well head protection cage for HH-1 now on site, ready for simultaneous drilling and production operations

https://twitter.com/UKOGlistedonAIM/status/1174004037768884230