Member Info for jptop7

SS confirmed that 2019 will see a min of 2000 bopd with respect to HH 1 HH2 HH3 August will see full production and the new test wells HH2 HH3 adding to the equation

. Worth mentioning that wynch farm produced 1000 bopd on year 1 . We will do 2000 bopd . Oil production through out the year 1 2019 to fund new drills. Seamless transition Isle of white has 4 x times oil in place. Drill 9 wells over two years planned for. 4 production HH, 3 wells in Areton in confirmed pools.
2020. Godly bridge gas discovery larges onshore gas discovery. and a prime kim structure two wells side track BB and and a further Kim well . SS has worked it out that the testing of these 9 wells will see 4 in full production while the others feed in testing oil total estimated oil being produced by production and testing is a very conservative
15000 bopd on year two/three. the dream is about to become a reality this is 2019 stand by .The Kim layers are proven.
https://www.youtube.com/watch?v=bLnqyjbokAg

“UKOG aims to deliver near-continuous oil production throughout 2019 via a combination of long term testing of HH-1 and two new wells, followed by a smooth transition into permanent production in the winter,” said Stephen Sanderson, UKOG chief executive.

“The potentially transformative effect of a successful programme is an exciting prospect for 2019."

UKOG highlighted that the absence of formation water in the oil flows continues to give support to the company’s geological concept that KL oil lies within a significant continuous oil deposit.

Could be caught here as most of the systematic data indicates higher recoverable oil/ gas as no water has been found In other words higher recoverable amounts is a distinct possibility. The buying up of the acreage is now making sense.
The markets will also be pleased with the facts as production pipe or horizontal wells will double treble flow rates remember this is not production pipe. Its a test well .

Balcombe Field Discovery - post test analysis of 7-day well test suggests high probability continuous oil with a low watercut can be produced

The Balcombe Field Discovery is considered to be in the 'sweet spot' of England's Weald Basin given the 568 metre thickness and highest maturity of the Kimmeridge Layers.

Most will top up .. But where is the question.

Can't believe PIs don't know the way this works simple if your a lth buy on the dips.Or sell high this one is a good one and if it raises at a high price brilliant smart now crack on and become a major producers at low cost . Or you can buy high and sell low and pass your shares over to the evil dark side who are all enjoying the drama dumping and then buying lower is how most of the so called share gurus make the wages on a weekly basis. Dyor

Filled his buy order as usual . Placing or not

?Tankers In Shorter out lmao

@Adrianwfire
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#UKOG #HORSEHILL Different Tanker comming . Not seen this company livery before. 31/12/2018 am.

The share was shorted recently and dragged down to 1.15 The shorts closed positions and the group which organised it posted rigorously using web sites that are allegedly not owners our have interests in the company's they report on . Now we have made a jump on Friday and late reported buys indicate a big buyer has joined the party. Shorts opened on Thursday at 1.30 . panic stricken and already at a loss they have been working very hard to encourage PIs to sell. Which is what you would expect,. problem is that might not work and they will have to buy back the shares at a premium imo In any case the new buers from 1.15 up to 1.30 will hold as news to follow kl3/4 testing could be significant as tankers are being seen leaving the site with a lot of activity also noticed , If the well delivers anywhere near 1000s bopd it will smash the uk and European records on the results from the first well as wynch farm produced 1000 on its first well year 1 and ended up with 19000 bopd year 10.
.Happy New

https://www.ctvnews.ca/business/this-is-why-gas-prices-are-expected-to-be-the-highest-they-ve-been-since-2014-1.4233451

Canada warns that Oil is set to become a lot more expensive by April 2019 buy now cheap oil producers imo.More“Not just OPEC , but here in Canada as well, with the curtailment of 325,000 barrels by the Alberta government,” he said.Extreme volatility will come to characterize 2019, he believes.e now, you’re also going to see significantly higher prices,

Extra Cuts looking like a certainty first set of cuts in production kick in Jan. however these cuts may need to be deeper and likely as
an emergency meeting is about to occur . Brent 40/45 will see Opec call extraordinary meeting.Saudi needs.$80 Russia $60 trump needed 50-40$ to get re elected on promise of cheap gas at the pumps he deliberately duped Opec into pumping more and flooding the market based on the threat of Iran Sanctions which did not have any affect on world supply he mean time America became an Exporter of cheap Oil for the first time in 75 years.

https://www.bloomberg.com/news/videos/2018-12-26/oil-prices-set-to-rise-in-first-quarter-gulf-research-center-says-video

Opec are rumoured to be fuming with Trump after pulling off the con of a century he warned opec to increase production as Iran sanctions would be so severe that we would have a crisis on our hands. In the mean time he turned America for the first time in 75 years into an exporter of cheap shale oil. Opec fell for it and trump gets re elect as your average American loves cheap gasoline and gas guzzlers. Nice one Trump. Now opec threatens deep cuts and will send oil prices sky high in 2019 with a chance of shortages . as big oil have restricted exploration due to low prices . opec members need $80 dollars a barrel to pay for next years expansion plans with the king already on shaky ground I fear that we will see deeper cuts and Oil price soaring . ..Happy New Year I suppose as ukog goes into production at 2000 bopd it will be a good year every cloud and all that.

“The plan cuts have been carefully studied, but if it doesn’t work, we always have the option to hold an extraordinary OPEC meeting and we have done so in the past,” Suhail Mohammed Al Mazrouei, who is also OPEC president, said in Kuwait. “If we are required to extend for another six months, we will, if it requires more, we always discuss and come up with the right balance.”
https://www.bloomberg.com/news/articles/2018-12-23/u-a-e-says-opec-could-mull-deeper-cut-if-1-2m-b-d-not-enough?utm_content=business&utm_source=twitter&utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&utm_medium=social

The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is still unlikely to be enough to meet future demand, consultancy Wood Mackenzie said in a report.

Shaken by a sharp drop in oil prices in recent months, boards are generally expected to stick to spending discipline imposed following the 2014 price crash.

Global investment in oil and gas production, known as upstream, is expected to reach around $425 billion next year, according to WoodMac analyst Angus Rodger.

That compares with a total spending of $770 billion (612 billion pounds) in 2014, which dropped to $400 billion in 2016 and 2017.

Although spending levels have slightly recovered since then, next year’s capital expenditure will still fall short of the $600 billion required to meet demand growth and to offset the natural decline of output from fields, Rodger tol

https://www.share-talk.com/new-oil-gas-projects-to-accelerate-in-2019/?utm_source=twitter&utm_medium=social&utm_campaign=SocialWarfare

Glad to be corrected on the 6 wells , SS is a clever man he warned the shorts and traders last interview . They are a little worried by his tactics its going to be a great 2019. I visualise a perfect storm developing . gl and well done lth.

Glad to be corrected on the 6 wells , SS is a clever man he warned the shorts and traders last interview . They are a little worried by his tactics its going to be a great 2019. I visualise a perfect storm developing . gl and well done lth.

Aw crap now we wont be able to buy this cheap anymore ah well thought somone would notice I did mention earlier possible reasons for spread . yes thats right 4 new wells . Merry xmas.

MMs want the shares for them selves expect a little dip as traders leave this pm imo. might get that top up filled if your lucky stock is now hard to find and tomorrow even harder imo

How it works for them is all that matters for now ..

Most day traders like small spreads because they allow their orders to be filled at the prices they want. Many day traders will stop trading if a market develops a large spread.

A large spread will cause orders—especially market orders—to be filled at unwanted prices. This then requires adverse adjustments for the trading system to compensate, such as increasing a stop loss.also anyone on quick buck down bets get nervous and will close positions as this also could mean an important RNS is due.

Again a positive if MMs are accumulating might even find they are filling a large order they are in control here.