Member Info for Insidious

The Company is pleased to announce the appointment of Graham Scotton as Executive Chairman of the Company and as Deputy Chairman of MFDevCo, the Company's 50%-owned joint venture, with effect from 28 January 2019. Graham will replace Alan Minty, who has stepped down from the role of Executive Chairman and as a Director of the Company with immediate effect. Frank Jackson has been appointed as Acting Chairman until Graham takes up his position.

Graham has wide-ranging experience in technical, operational, planning, commercial and management roles, having worked for BP for over 30 years during which he spent time in the UK, Norway and Latin America before spells as head of operations in Azerbaijan and the Americas and general manager in Egypt and Angola. After leaving BP, Graham worked as Deputy Venture Director of Karachaganak Petroleum in Kazakhstan on behalf of BG Group and as Country Manager for Cobalt International Energy in Angola, before joining Dana Petroleum as COO and subsequently as Acting CEO.

In addition, Dr Alison Pegram, the current Managing Director ("MD") of MFDevCo, is appointed as a Director of the Company, with effect from 28 January 2019. As well as fulfilling the role of MD of MFDevCo since its inception, Alison has a detailed understanding of the Company's other assets and activities, having worked with the oil and gas industry in Newfoundland for over 20 years and as CEO of Enegi Oil Inc., the Company's Canadian subsidiary, for the last 8 years, a role which she will continue to undertake.

As part of this Board and management restructuring and to ensure greater integration of the business, Dr Alison Pegram and Damian Minty have been appointed as Joint Managing Directors of the Company with effect from 28 January 2019; Damian Minty will retain his responsibilities as CFO. Alison and Damian will work closely together, and with the wider Board, in implementing the Company's strategy to acquire a portfolio of field or royalty interests in oil and gas projects worldwide where it feels it can deliver a significant cost transformation through the application of appropriate technical solutions and commercial structures.

As part of the management restructuring, the Company also announces that Nigel Burton will be stepping down as CEO with immediate effect. Alan Minty and Nigel Burton will no longer seek re-election to the Board, accordingly Ordinary Resolutions 4 and 5 will no longer be presented at the Company's AGM on 25 January 2019.

The Company has been planning Board and management changes for a number of months with the aim of creating the right leadership structure that possesses the appropriate skill set to successfully deliver the next stage of its development. Alan Minty and Nigel Burton were involved in those plans and have stepped down to facilitate those changes.

The Board of MFDevCo now consists of Alan Minty as Chairman, Graham Scotton, Dr. Alison Pegram, Mike Bowman, Einar Antonsen and Peter C

5p and 5.5bn shares what would be our mcap?

You forgot two tankers a day..

Enough is Enough!!!!!

What we need is an RNS to stop the slide....lol

1.05 - 1.15

Good find, great news!!!!

His share price is falling but the professional trader would increase his position...wow...

Might be DL dumping..

Because the French invested at that time

So how do you lift this heavily diluted share? Consolidation!!!

Kimmeridge Oil Production Continues at Horse Hill-1 ("HH-1")

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that Horse Hill Developments Ltd ("HHDL"), a UKOG subsidiary company and the operator of the Horse Hill oil field, has informed the Company that sustained production continues to be maintained from the HH-1 extended well test ("EWT") programme, achieving a gross aggregate total of over 25,000 barrels ("bbl") to date, a significant production milestone. Of the aggregate total, over 21,000 bbl has been produced to date from the Kimmeridge Limestone ("KL") oil pool, more than doubling November's reported Kimmeridge production total. No formation water has been returned to surface during the entire EWT. Dry oil and solution gas production continues from HH-1.

Based on the continued Kimmeridge EWT success and October's announcement of Portland commercial viability, HHDL plans to continue HH-1 EWT production until the expiry of current permits in spring 2019 and then to move directly into the drilling and long term testing of two new horizontal wells, HH-2 and HH-1z, for which UKOG's internal funding, planning consent and environmental permits are in place. HH-1 is located in licence PEDL137 in which UKOG holds a 46.735% beneficial interest.

Key EWT results to date are summarised below:

Horse Hill 2018-19 EWT Oil Production Milestones:

-- Over 25,000 bbl total aggregate Kimmeridge and Portland oil production since early July.
-- Over 21,000 bbl total Kimmeridge oil production since mid-October.
-- 114 tankers of crude successfully exported to Perenco's Hamble oil terminal. The KL's 40deg API Brent quality crude continues to be sold at prevailing Brent crude oil prices, less a small deduction for handling and marketing.

KL EWT Update:

-- KL4 production from a 103 ft perforated interval commenced during late November, yielding 2,192 bbl at a maximum half-hourly metered rate of 584 barrels of oil per day ("bopd") and at an average sustained daily continuous rate of 300 bopd over the subsequent week.

-- Fluid and pressure build up data gathered from the KL4 test demonstrate that the KL3 and KL4 are one single oil pool of 358 ft vertical extent. As a result, and as previously indicated, a decision was made to commingle both KL3 and KL4 production (i.e. produce from both sets of perforations at the same time).

-- Commingled KL3 and KL4 production from an aggregate 187 ft perforated interval commenced on 4(th) December at a maximum half-hourly rate of 426 bopd and continued throughout the Christmas and New Year period, producing 8,829 bbl of 40deg API crude. The programme included several pressure build-up tests and testing of different pump configurations, settings and equipment.

-- Following the installation of a new downhole pump and an optimised surface hydraulic pump unit, stable commingled production resumed on 7(th) January at an increased initial rate of 525 bopd. The sustained daily rate ov

Over 25,000 bbl total aggregate Kimmeridge and Portland oil production since early July.
-- Over 21,000 bbl total Kimmeridge oil production since mid-October.

Rampers will crucify you for that post, comparing HH with BB....

probably all going into his spam filter...

The last two RNS's were very good and the SP failed to meet our expectations..

Hopefully news will come before then.....

The last time this happen he gave us a placing.

They probably thought news was very imminent but not willing to hold overnight....

Not too bad so far...