Member Info for Insidious

What is it going to take to shift this sp north

Is it safe to say we are not going to see 4p anytime soon?

Financial Highlights
· Current cash balance in excess of £2.5 million, as at 1 May 2019
· Fully funded for all current drilling and testing requirements
· Production revenue increased by over 250%
· Company remains debt free
David Bramhill, Executive Chairman, commented,

Our TR1 friend new this was coming hence his sell.
Follow the smart money.

With have 12bn shares in circulation, how many more are we going to end up with.

Where are those posters who said we are fully funded and don’t need placing.

Some people got so much abuse for mentioning a placing.

I think if we all had a grip of reality none of us would invest in AIM...

Meant 30m. Not 30k..

30k buy

3 November 2019

Nu-Oil and Gas plc

("Nu-Oil" or "the Company")

Board Changes

The Company announces that Mr. Graham Scotton has resigned from his position as Non-Executive Director with immediate effect and by mutual agreement. The Board wishes Mr. Scotton well in his future endeavours.

Will we have a blue day?

UK Oil & Gas PLC
("UKOG" or the "Company")

Horse Hill Oil Field: HH-2z Horizontal Drilling Completed

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce the successful completion of its Horse Hill-2z ("HH-2z") Portland horizontal drilling campaign (UKOG 85.635% net controlling interest). A total of approximately 2,500 ft of horizontal trajectory was drilled wholly within the Portland reservoir's most oil productive zone or "sweet spot", around 70 times greater exposure to the sweet-spot than seen in the HH-1 Portland vertical discovery well. The campaign's key technical objectives have now all been successfully delivered.

The significantly increased exposure to the sweet-spot within HH-2z, the first horizontal well in the field's Portland oil pool, is the prime technical enabler for HH-2z to be capable of delivering significantly greater flow rates than those seen in the HH-1 vertical well.

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.

Following yesterday's completion of a comprehensive electric logging programme, HH-2z is now being prepared for an extensive extended well test ("EWT") programme, expected to commence in the coming weeks. The EWT, which will include the use of a British designed high-capacity/high-rate downhole electric pump or "ESP", is planned over a minimum 90-day flow period, following which HH-2z and HH-1 will be retained and converted into long-term oil production wells.

Oil production from the HH-1 EWT has continued throughout HH-2/2z drilling and will also continue in parallel with the HH-2z EWT. Total HH-1 test production now stands at over 77,200 barrels.

Analysis and integration of the 240 ft of core, cuttings and electric log data suites acquired in both the HH-2 pilot and HH-2z horizontal continues. Any impactful results will be reported in due course.

UKOG holds a controlling 85.635% interest in the Horse Hill oil field and surrounding highly prospective PEDL137 and PEDL246 licences, which are operated by UKOG's subsidiary company, Horse Hill Developments Ltd.

Stephen Sanderson, UKOG's Chief Executive, commented:

"We are delighted to have safely and successfully delivered a significant 2,500 ft of horizontal section within the Portland reservoir's sweet-spot, the prime 35 ft zone containing the reservoir's most oil productive sandstones.

The significant horizontal trajectory, combined with the continued positive indications of increased reservoir quality and lower pressure-depletion, effectively negated any technical or economic need to attain the maximum planned c. 3,000 ft horizontal section. As a result, HH-2z remains optimally placed to be able to deliver its goal of significantly higher flow rates than the highly productive HH-1 vertical discovery.

We now look forward to the imminent flow test campaign, a key step towards delivering significant long-term production at Horse Hill."

M&G Plc

Solid buying and we still haven't moved?

Revised Volumetric Assessment

Based on the revised technical studies noted above, the Operator has provided volumetric estimates for two scenarios, a Base Case and an Upside Case, as follows:



Base Case and Upside Case In-place Volumes

Case

Liquids
(mmbbl)

Gas
(bcf)

Base Case

146.4

211.5

Upside Case

283.0

265.9



Source: Operator data



Basis for Re-evaluation of the Kirkham Abbey Formation Reservoir

The Operator has provided an updated technical analysis of the West Newton Kirkham Abbey Formation reservoir, including:

· Evaluation of drilling results from the West Newton A-2 well, particularly petrophysical, fluid saturation, sedimentological and diagenetic analyses;

· Identification of an oil leg in the Kirkham Abbey reservoir in the West Newton A-2 well, based on the "C5+" readings in the mud gas (an industry standard means of determining fluid type in a reservoir); analysis of drilling samples; fluorescence from core and surface samples; and the results of pulsed-neutron downhole logs;

· Analysis of the 28 metre physical core recovered from the Kirkham Abbey reservoir, yielding key sedimentological and depositional information, which has been tied to the petrophysical interpretation of downhole log data;

· Integration of these well results into the reflection and inversion volumes of the 3D seismic survey, which covers the entirety of the West Newton area; and

· Updated ranges of reservoir rock volumes and parameters including, porosities, hydrocarbon saturations and fluid characterisation have been derived, and combined to arrive at a revised range of in-place hydrocarbon estimates.





Sachin Oza, Co-CEO of Reabold, commented:

"The updated analysis of the West Newton asset not only confirms the likelihood that the dominant phase of the Kirkham Abbey hydrocarbon in place is oil rather than gas, but also that the volumes contained within the Kirkham Abbey are indicated to be significantly greater than those assumed by the existing CPR which was produced prior to the drilling of the A-2 appraisal well.



We remain extremely excited by the potential of what is emerging as a large scale, conventional, onshore oil and gas asset. With Rathlin fully funded for a substantial work programme over the coming months, and with permits already in place for additional drilling at the West Newton B-site, we look forward to updating investors with future results as they become available."

Reabold, the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, is pleased to announce an update from Rathlin Energy (UK) Limited ("Rathlin" or the "Operator"), in which Reabold holds a 59 per cent. equity interest, in respect of the estimated in-place oil and gas volumes of the West Newton area contained within onshore UK licence PEDL183.



PEDL183 covers an area of 176,000 acres and is situated in East Yorkshire within the onshore UK part of the Southern Permian Basin. Rathlin holds a 66.67 per cent. interest in this licence, which contains the West Newton A-1 discovery well and the West Newton A-2 appraisal well. Both wells have reservoirs within the Permian Zechstein geological group, in particular in the Kirkham Abbey geological formation.



In the United Kingdom, the Zechstein reservoirs of the Southern Permian Basin have been explored and produced largely in the offshore Southern North Sea, with limited exploration in the immediately neighbouring onshore. They have, by contrast, been extensively and successfully explored and produced in the Netherlands, Germany and Poland, providing multiple analogues to West Newton.



Subsequent to the drilling of West Newton A-2, the Operator has undertaken a number of technical studies including core analysis, petrophysical evaluation, sedimentology, and hydrocarbon geochemical characterisation, which have been reintegrated with the results of the pre-existing 3D seismic survey and West Newton A-1 well. As a result of these studies Rathlin has upgraded the estimated volumes of hydrocarbons in place in the West Newton Kirkham Abbey formation reservoir.



The information contained herein is the Operator's internal assessment of hydrocarbons in place and should not be construed as an indication of ultimately recoverable resources in accordance with an internationally recognised standard. An independent Competent Person's Report is being commissioned to estimate resources separately.



Highlights

· The integrated study indicates a significant upgraded volume of estimated hydrocarbons in place in the Kirkham Abbey formation reservoir of West Newton consisting of a significant volume of oil below a gas cap also of potentially significant size

· Base Case:

o Liquids: 146.4 million barrels ("mmbbl") of oil initially in-place ("OIIP");

o Gas: 211.5 billion cubic feet ("bcf") of gas initially in-place ("GIIP")

· Upside Case:

o Liquids: 283mmbbl OIIP

o Gas: 265.9bcf GIIP

08-Nov-19 12:01:13 0.949 210,328 Buy* 0.90 0.95 1,996 O
07-Nov-19 16:19:27 0.95 15,000,000 Buy* 0.90 0.95 142.50k O
08-Nov-19 11:58:49 0.95 210,526 Buy* 0.90 0.95 2,000

Might see a TR1 soon...

nion Jack Oil plc (AIM: UJO), a UK focused onshore conventional hydrocarbon production, development and exploration company is pleased to provide an update on the Wressle Development Public Inquiry (the "Public Inquiry").

Union Jack holds a 27.5% interest in PEDL180 and PEDL182, which contains the Wressle hydrocarbon discovery.

The Public Inquiry concluded on 7 November 2019, having commenced on 5 November 2019 in S****horpe, Lincolnshire. The Public Inquiry, which included a site visit, lasted three days, instead of the planned six days. As previously announced, North Lincolnshire Council presented no evidence. An application for costs has also been submitted.

With a general election campaign underway and Planning Inspectorate purdah in place, the Company and its joint venture partners at Wressle expect a decision on the Public Inquiry to be announced after 12 December 2019, the date of the general election, and before the end of 2019.