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Very good news (if true) if testing goes on until June next year, could get even get extended after that!!!
Oil so far, from flow testing has been reported to be making a profit. KL4 should yield bigger flows. Maybe they will try flowing KL3 & KL4 together!!!

http://www.ukogplc.com/ul/UKOG%20Corporate%20Presentation%20Nov%202018..pdf

@DavidLenigas
48m48 minutes ago
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Brilliant update from UKOG saying that flow testing will continue to June next year at Horse Hill from their presentation on their website today. That's going to be a lot of potential oil production and sales, especially when KL$ comes in as well. @UKOGlistedonAIM

Penguins, I'm confident the Alba information is correct, that KL3 is still under test! The pump has been running for quite a few days now, and no RNS saying anything different!
I'm going to speculate that the pump, when first applied to KL3, was running at full capacity to determine the maximum flow rate test!

Penguins,

Time has moved on since the 10/10/18 RNS

Alba is saying KL3 testing is still ongoing!

That would suggest the pump is pulling oil out of KL3

Ok Penguins, hands up, that bit of information was not new!

So what about this information you Ignored!

Confirmation KL3 is still being tested:
KL4, which flowed at a reported rate of 901 bopd over a 4-hour period in 2016, will be flow tested after completion of the current KL3 EWT.

Some new information in the presentation:

Initial results from Kimmeridge Limestone 3 ("KL3") EWT:
KL3 flowed 40-41° API continuously to surface without any pump
over 50-hour initial planned period

Confirmation KL3 still being tested: KL4, which flowed at a reported rate of 901 bopd over a 4-hour period in 2016, will be flow tested after completion of the current KL3 EWT.

*Initial results from Kimmeridge Limestone 3 ("KL3") EWT:
KL3 flowed 40-41° API continuously to surface without any pump
over 50-hour initial planned period

*Following completion of Portland test sequence, HHDL declared
Portland reservoir commercially viable in Oct 2018

*Portland’s first new horizontal production well, HH-2, planned to spud in early 2019
*
*following completion of the Kimmeridge Limestone 4 (“KL4”) EWT

*HH-2 horizontal well has targeted sustainable daily Portland production rate of two to
three times the forecast potential HH-1 vertical well rate of 362 barrels of oil ("bopd")†*
 Operator has submitted outline production scoping report to Surrey County Council
(SCC), which envisages development of a total of six wells and assumes a maximum
daily rate of around 3,500 bopd*

*The preliminary results from the Brockham X4Z well,
drilled in Q1 2017 to evaluate the Portland,
Kimmeridge and Corallian formations, confirmed
similar reservoir properties to those reported at Horse
Hill.

http://www.albamineralresources.com/ul/Alba%20Corporate%20Presentation%20Nov%202018%20WEB.pdf

Ukog turned blue after Alba presentation RNS release! LOL

Presentation. Some good info on HH & Brockham in there.

http://www.albamineralresources.com/ul/Alba%20Corporate%20Presentation%20Nov%202018%20WEB.pdf

Yes very nice presentation. Finally some good PR, It's also being scrutinized by Ukog & Angus shareholders, looking for info regarding HH & Brocham.

2ND Tanker I've seen out today on its way to BP at Hamble

Fool News

https://twitter.com/Adrianwfire

I'm led to believe the kim pay zone layer at Brockham is much thicker than at HH, if so, then quality acreage may end up much more profitable than quantity!

Just can not see this getting anywhere near 9p short term. The small fundraise was done at a give away price IMO, most probably to keep Bergen happy, in case they are needed again. Or maybe because they didn't make enough last time LOL.

The fun and games are about to begin, peeps are taking positions before the show starts, I'm expecting large volume trading days in the run up.

Quite right dsfat, the market seems to have forgotten the Portland layer has been declared commercial at HH. And that an horizontal drill targeting the portland layer (1000 bopd is anticipated from this) is to start directly after the EWT.

Tankers are being spotted daily (some surely have been missed) taking oil from the kim layer.

Brockham production about to start

Alba less than 12M Market Cap!!!

we're

Yeah no probs Pmmbns, were both batting for home/same team here, let's hope we win Lol.

Alba with It's small M cap of 11.5M looks very good value with its 11.7% and 5% of wield oil plays.

Is it safer to hedge and buy Alba? Or better to buy Ukog & Angus (or both) with Bigger M Caps?

@DavidLenigas
5m5 minutes ago
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Very much looking forward to the massive 200 metre opening up of the Kimmeridget oil at Brockham. #ANGS

can see this pushing higher the closer we get to testing/production. Plenty of folk watching/waiting to free up funds to wanting to join in,

DL said the EWT at HH was making a profit. If so we should still be holding a good part of the last fund raise!

Brockham production is about to be switched on. (some equipment & storage tanks on site now, work has started)
It's Interesting that Angus have a production licence for up to 6 wells at Brockham. 3 of them have already been drilled. Brockham is just under 5 miles from HH and reported to be a carbon copy of HH. Angus are targeting the same Kim layer thats at HH, except, at Brockham the zone/layer is reported to be much thicker.
Angus are also perforating 4 times more Kim at Brockham than what is being tested at HH now!
Alba's 5% of the Brockham play could end up very lucrative IMO.

Good point, it might not be, they could be pumping KL3 as part of the EWT!