Member Info for Ibug

Just under 350 on website. A lot missing on here since they updated the website. If you need to find one go to the UKOG website Https://www.ukogplc.com/page.php?pID=84

WYTCH FARM FIELD DEVELOPMENT PLANS in the 1990's contained the information that is included in present day CPR's. Resources and Reserves are still required today in the FDP even if you don't have a CPR.
From Consolidated
Onshore Guidance;

1. Executive Summary
The Executive Summary should state the essential features of the development including:
• a brief description of the hydrocarbon reservoirs, hydrocarbon (API, GOR, BTU, etc.),
estimated reserves, development strategy, facilities and pipelines
• an outline map showing the field limits, Field Determination boundary, contours of fluid
contacts, existing and proposed wells, with Unitary Authority and licence boundaries
• a project schedule, total capital cost and a statement of licence interests
• a central estimate of ultimate recovery, and the minimum, central and maximum
hydrocarbon production profiles of:
o gas, in thousands of metric tonnes and billion cubic feet per year
o oil, in thousands of metric tonnes and in millions of US barrels per year
• a statement of intent towards any parts of the field area that are not addressed by the Plan, including any commitment to later development of that area, or to the later stages of a phased development. Any provision for the development of other hydrocarbons in the area should also be identified
• a map with the Field Determination boundary and location of any nearby protected area: National Parks, Areas of Outstanding Natural Beauty, World Heritage Sites, Groundwater Source Protection zones and any European Sites of Scientific Interest
• the essential elements of the Field Management Plan and key decision points

I think you will find the same thing happened when Mr repetitive/imminent/storm was posting on here many years ago. He really is a mini moneymunch imo.

Don't forget the orientation of the wells. HH-2 is heading NE-SE(could end up below the pub). HH-1z is going in about the same direction as HH-1 which had a TD just short of Collendean Farm on the HH side of the road. You need to be inch perfect when you are drilling below the surface so you don't hit another well bore.
Here is the deviation of the so called vertical HH-1. The maximum deviation was 45.2 degrees in KL3.

Htps://ukogl.org.uk/map/php/well_deviation_survey.php?wellId=3041

You may wish to revise timeline after reading what the planning application says. After HH-2/2z and HH-1z are drilled I get the impression they won't start the EWT on them until after the site has been upgraded. It would be nice to think otherwise but what SS says and what actually happens is not always the case.

Well Site Modifications and New Construction Works - 3 months
Workover Rig - Mobilisation and Demobilisation 2 weeks
Workover Operation of HH-1 and HH-2 1 month
Drilling Rig - Mobilisation and Demobilisation 2 weeks
Drilling - 4 hydrocarbon production wells HH-3 to HH-6 and 1 water reinjection well 15 months
Installation of Production Equipment 4 months

What a load of cobblers.
It really is comedy central which is why I never filter purely for the comedic content.
The source document is un-audited and contains two different figures for receipts from the sale of test volumes.
The amount of oil produced during that period doesn't even exceed 30,000 barrels.
You can massage those figures all you like and they will still stink or do you believe in 3rd time lucky?
Not even worth discussing with you now.

Talk about manipulation. Brent was between 51$ and 67$ for 5 months and of those 3 months below $65 and only God knows where you get your exchange rates from.
Bet you polish a mean turd.
Are we expected to take your seriously? Seriously?
Still not read the JO.

My quotes come from RNS's

Extended Well Test ("EWT") and Regulatory Update

and

Horse Hill-1 Production Test Update

Which RNS are you talking about?

"the aggregate total Portland oil production at the Horse Hill oil field, in which the Company has a 50.635% majority "
Not quite 77%.

It was
"HH-1 is located in licence PEDL137 in which UKOG holds a 46.735% beneficial interest."

Now why would the company say 46 and 50%. Probably because that is all they get. You can dream all you want about the millions quoted by the rampers. They are all averaging down trying to regain their losses. Definitely weather for shorts!

Pboo
But you don't take into account all those lost days when you push out your financial calculation.
You don't take into account the % of money due to Magellan, Alba and Gun.
In fact the forecasts you push our are greatly inflated.
You can't have your cake and eat it.
That £10,000 a tanker load is probably more like £9614 gross with £4868 going to UKOG.

I hear the sound of someone being shot down! Didn't take me long to find it either. Guess you are having egg on face for tea.

I rest my case!!!

Found in planning documents.
"A 7" liner will be run and cemented and a near-horizontal 6” hole drilled within the KL#3 incorporating a 4 ½” slotted liner to enable production."

WTF has fishbones got to do with completing a well? I effing give up!

Torpedo
When you work out the relationship between Magellan, UKOG and HHDL and you will get your answer. I don't really have the time or inclination.
Here are some clues. HH is in PEDL 137. PEDL 137 comprises of HHLD and Magellan. HHDL is the operator of the Licence area. HHDL is now a subsidiary of UKOG albeit the two companies are independant. Good luck.

Pboo

You have no understanding of perforations.
Brockham: Do you know how many perforations there were per foot? Were they directional or omi-directional. What type of perforations were they?
BB: aggregate total of 1,064 ft of perforations over eight naturally fractured Kimmeridge zones.

Finally. HH-1z and HH-2 are horizontal wells. You don't perforate horizontal wells. They use slotted liners. I would have thought anyone who knew anything about drilling wells would know that. You haven'y even researched the distance the horizontal wells are planned for.

Too many posters who are quite happy giving an opinion without knowing what they are talking about on these bb's. Total lack of research.

Torpedo
You need to read;
1) the Magellan Agreement
2) the “PEDL137 JOA”
3) the “Magellan SPA”
and then you might understand what is what.

Argus1
Rubbish. Magellan get 35%, HHDL get 65%. That means UKOG get 50% as they have 70& of HHDL. Don't you know the meaning of "free carry"?
HH is part of the licence is PEDL137.

Facts tell a different story.

I would hardly cal 187 ft "little perforations".
KL4 103 ft perforated interval
KL3 84 ft perforated interval
Kimmeridge produced 25,094 bbl before they went back to it. They averaged 164 bopd over that test period.

IMO the test period is not indicative of what the production figures will be and need to be treated with a pinch of salt. Don't forget the new wells will undergo a test period before they go into full production.

You really do need to qualify that UKOG only get 50% of the cash. No wonder the SP is so low. This share is being ramped to death and sensible PI's are being put off by the few.

Bendog
Where do you get that figure? No release from UKOG since 11th June on production. If you work it out they have only averaged about 147 bopd for the first year of the EWT. Very disingenuous to give out false figures and mislead people. Shame on you.

Brocal. You know full well it has. Plenty of posts as mikeygit prove it. You really are a stirrer! Have your card marked sunshine.

mikeygit - 24 Nov 2017 - 12:05:58 - 50276 of 131128 UKOG strikes oil 2016 - UKOG
QUESTION ---to all level headed and fair thinking peeps--Would UKOG go to the trouble of building a viewing platform for anyone to view the site if they were not confident of producing oil commercially??? ANSWER---Of course not

Piggy on LSE confirms on Twitter UKOG have said to date they have had over 120 peeps visiting site from locals, investors to Councillors. ALL good news IMO---just a matter of time before she blows---sooner rather than later---will it be today?? Who knows---be nice for the w/e though.

You keep forgetting Magellan get 35%. UKOG has a 50% share of the total.