Member Info for JB1982

Everyone put their money where their mouth is! Next week could be big

Boooooommm

here we go! or not! who knows!!

PEDL234 Broadford Bridge-1 & 1z ("BB-1/1z"), UKOG 100%: The BB-1/1z oil discovery, located on the southern boundary of the 300 km² PEDL234 licence, achieved its primary technical objectives. BB-1/1z confirmed the Kimmeridge Limestone ("KL") "geological concept", confirmed the significant 27 km lateral extent of the Kimmeridge continuous oil deposit and demonstrated the presence of a regional scale open natural-fracture network capable of flowing oil to surface. Oil was returned to surface from multiple KL horizons, and KL5 flowed oil continuously on pump over a week's duration. Core analysis from KL5 demonstrated oil saturations of 73% with 19% porosity.

Horse Hill-1 ("HH-1") PEDL137 oil discovery, UKOG 32.435%: Post period end, 150-day extended well test ("EWT") operations commenced at HH-1. The EWT campaign includes three flow and pressure build-up sequences over the Portland, Kimmeridge Limestone 3 ("KL3") and KL4 oil pools, which in 2016 flowed at commercial initial rates of 323, 464 and 901 barrels of oil per day ("bopd") over short stabilised flow periods of 4, 7.5 and 8 hours, respectively. The EWT, if successful, is designed to enable a declaration of commerciality to be made, with first stable oil production targeted in 2019.

potential is huge with this, production 2019, not to far away

obviously believe they can get this amount out

a great opportunity to buy below the placing price

wont be here for long

this shows how positive they are!

looking good

is a fun info sharing place without all the negative unproven comments

therefore the placing is for acquisitions in the wield.

Very exciting

Following final equipment set-up and the subsequent removal of three temporary suspension plugs in the wellbore, flow will first be re-established from the Portland sandstone oil pool. Testing of each of the KL4 and KL3 oil pools will follow completion of the Portland test sequence.

confidence

As the 2016 short flow test campaign established commercially viable initial flow rates for each of the Portland, KL4 and KL3 zones, the 2018 EWT's prime goal is to confirm that the wellbore is connected to a commercially viable oil volume within one or more of the three zones.

all the testing planned. it doesnt say if they get oil out
Each test sequence will include a short, optimised rate test, together with a sequence of "choked back"(i.e. reduced) steady-state flow periods necessary to obtain the data required to determine the connected oil volume within each zone. A series of associated long pressure build up tests are also planned. Oil produced from the EWT will be sold on the "spot" oil market and any revenues will be utilised to offset overall testing costs.

"UKOG remains confident that the comprehensive long-term production testing campaign will provide the necessary data to fully assess Horse Hill's Portland and Kimmeridge commerciality and help move the project towards timely production and positive cash flow. Horse Hill remains a fundamental and exciting part of the Company's core portfolio and we look forward to a safe and positive test campaign."

its coming home

News is just round the corner

you know the news will be good with all these de rampers on the board!!

no point in worrying from little daily fluctuations eyes on the prize