Member Info for Legalease

I’ll hand you over to penguins the ‘flow denier’:)

He can’t.

So yes, that is how I read it.

There was no water cut.

You can tell the ‘ This Week’ addicts, I’m pretty sure he meant 300 million, potential for 4million recoverable barrels of oil from the Portland column of hh1 would more than cover a market cap of 30 million:)

Penguin.., the guy who was certain the Kim would not flow and tbe Portland would be but a dribble.

“Production was achieved via a variety of choke sizes whilst maintaining stable bottom hole pressures. No formation water was returned to surface; however, small intermittent slugs of completion brine were recorded.“

So the choke size determined the differing flow rates, rather than the amount of oil, or any drop in pressure over time. Imo

It’s in black and white.

It’s not dire at all, it is frankly spectacular. The max flow rate was 902 bopd.

‘10,248 bbl of KL3 oil was produced over 30 days of sustained daily natural and pumped flow from an 83 ft perforated interval. The programme included 9 days of pressure build-ups (or "shut-ins") and downhole sampling. Production was achieved via a variety of choke sizes whilst maintaining stable bottom hole pressures. No formation water was returned to surface; however, small intermittent slugs of completion brine were recorded.’

10,248 barrels over 21 days ( 30 day test, nine days of which were the oil flow was deliberately turned off.) Sp Kl3 performance surpassed the 2016 test flow results over an extended period. The Kl3 test was imo a major success, and once these games have been played out will be reflected in the share price:)

I recall SS being clear, there would be less info. An rns re commencement of each zone, and an rns following testing of each zone.

I have to say I am a tad confused. Either the Ukog rns’s Are incorrect (the September Portland completion one referred to moving onto kl4 post Portland) and have not been corrected by Ukog, or the Alba presentation is incorrect, and they are not moving from the kl3 to the kl4, or have I missed something?

Given the number of ukog shares that have been traded during the weeks when a big rns has landed previously, I think it’s fair to say that with a strong rns Solo could be out ( if they choose to be) in a matter of minutes even if they still held 3% at the time it was released...imo

circa 10,000 barrels of oil produced then:)

..now let’s bring back the bacon that is the Kim layers.

Wizard, not a million miles from my calculation for the value of the Portland alone.

“Solo Oil plc (Solo), is a natural resources investment company with a diverse portfolio of onshore assets, principally in Europe and Africa. The company seeks to deliver returns through early stage investment in promising projects and uses management's own sector expertise to assist in strategic asset development. Solo's portfolio currently includes extensive interests in the prolific Ruvuma Basin in Tanzania, Helium One Limited, the Tanzanian helium exploration company, and Kiliwani North, a natural gas producing project in Tanzania.”

No mention of UKOG as being part of their portfolio. I’m assuming they are completely out now.

Always dangerous!

...so not an historical footnote then, rather a timely reminder of the and the faith those close to the project haven it:)

we have just witnessed the point me ol’ cocker started to believe his own hype;)