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and this one...Gla holders 3p plus coming...so FILL YA BOOTS!!! :') ondon Evening Standard Business Gushing Gatwick can supply 25% of UKs oil™ The Gatwick Gusher and associated oil reserves in the Weald Basin could account for more than quarter of the UKs daily oil needs, respected professional services firm EY has said. Based on recent test drillings by UK Oil & Gas, EY has come up with a broad spread for the potential economic impact of the finds. EY said the Kimmeridge limestone in the Basin “has the potential to generate significant economic value to the UK economy, partially offset the decline in oil production from UK fields, support employment, and generate significant tax benefits to the exchequer. Among its projections were that it could produce between 4% and 27% of the UKs daily oil demand. It could add £7.1 billion to £52.6 billion to the UK economy, create between 1000 and 5600 jobs and contribute £2.1 billion to £18.1 billion in taxes. EY said: Conceptual studies and oil-in-place estimates previously conducted suggest a significant opportunity for the UK to secure a proportion of its energy from the Weald Basin. UK Oil & Gas today also bought out one of the minority investors in Horse Hill, the Gatwick prospect. It is paying £1.8 million for Angus Energys 7.8% stake, lifting its stake to 27.3%

This one...Gla ;-) Ernst & Young Report when Brent was at sub $40, and its now just about to breach $80.....Gla ;-) http://www.ukogplc.com/ul/Kimmeridge%20Limestone%20Oil%20-%20The%20UK%20opportunity%20-%20Final%20Approved%20-%2015%20April%202016.pdf Kimmeridge Limestone Oil - Economic Impact Highlights: -- Future peak oil production could provide approximately 4% to 27% of 2014 UK daily oil demand over the life of the project -- The Gross Value Added to the UK economy could range from GBP7.1 billion to GBP52.6 billion -- Generation of between approximately 1,000 to 5,600 jobs in the UK, averaged over the project's lifetime -- Lifetime tax revenues of between GBP2.1 billion to GBP18.1 billion

David Lenigas ‏ @DavidLenigas Following Following @DavidLenigas More People should re-read the EY report on the Gatwick Gusher and this old piece from the Evening Standard. Gushing Gatwick ‘can supply 25% of UK’s oil’

We have never had any seismic impact that we are aware of and you have to get your oil from somewhere.

It is all very well saying not in my backyard but it has been very well done.

Most of the tourists eating ice creams and wandering around the National Trust castle were unaware that fracking is going on around the corner.

It certainly does not seem to have affected property prices. In Poole, which looks out on the main offshore activities of Perenco, properties go for millions. Purbeck Property, the local estate agents, said the proximity of an oilfield has not had an adverse effect yet.

Dean Watts of Purbeck Angling is Chairman of the Carp Angling Protection Society, but he said no fishermen have yet complained about leaks into the groundwater.

He said there are footpaths, bridleways and even fishing ponds close to the main operations in Wytch Farm but it is still quite peaceful you occasionally hear a whining noise but other than that you wouldnt know it was there, he added.

It is a necessary evil. As long as it not going to affect wildlife or anyone in an adverse way then I say live and let live.

http://www.telegraph.co.uk/news/earth/earthnews/10233955/The-town-where-a-form-of-fracking-is-already-happening.html

How much % of oil will be recoverable across the Weald......perhaps ultimately, every drop, through hydraulic water injection.....this procedure has been carried out at Wytch Farm ever since the oil reserve went into decline from its peak 110,000bopd, and no doubt was the reason for $200m acquisition of Premier Oil's 33% in September 2017 which equates to $200m for c5000bopd from the c15,000bopd Wytch Farm produces today....which gives a very strong indication of Ukog's potential value with the prospect of so much oil....Ukog have no such plans for hydraulic water injection, but ultimately if it's ok at Wytch Farm then it will be ok else where...home grown energy security is top priority for UK Plc with the North Sea reserves now in serious decline, and with Brexit looming, Theresa and co will be keen to extract as much oil as viably possible. Gla ;-)

The Telegraph 2016

Wytch Farm in Dorset is in the heart of an Area of Outstanding Natural Beauty. But you would be forgiven for not knowing the largest oilfield in western Europe is even there.

Nestled in a pine forest near a nature reserve and on islands off Poole Harbour, the oilfield owned by French company Perenco has been quietly producing thousands of barrels a day since the late 1970s, by means of a form of fracking called 'water injection', also known as 'water flooding'.

At one point the oilfield had the longest horizontal drill in the world and has regularly pumped water into wells to fracture the rock and force out oil and gas.

Academics say that this so-called fracking has been used on 200 wells across the UK over the last 20 years or so.

In contrast, the local community around Wytch Farm appear relaxed about the "discreet" operations happening in the heart of their community.

Tony and Kate Bryan, both retired, from Corfe Castle, the village two miles north of the oilfield, have been on one of the visits to Furzey Island to see the oil refinery in action.

Mr Bryan said occasionally you see a drilling rig poking above the trees or a nodding donkey on the coast but most people do not know it is there.

Ernst & Young Report when Brent was at sub $40, and its now just about to breach $80.....Gla ;-)

http://www.ukogplc.com/ul/Kimmeridge%20Limestone%20Oil%20-%20The%20UK%20opportunity%20-%20Final%20Approved%20-%2015%20April%202016.pdf

Kimmeridge Limestone Oil - Economic Impact Highlights:

-- Future peak oil production could provide approximately 4% to 27% of 2014 UK daily oil demand over the life of the project

-- The Gross Value Added to the UK economy could range from GBP7.1 billion to GBP52.6 billion
-- Generation of between approximately 1,000 to 5,600 jobs in the UK, averaged over the project's lifetime

-- Lifetime tax revenues of between GBP2.1 billion to GBP18.1 billion

An exciting week ahead with continued upward momentum imho, flow test data could drop at anytime and no doubt will see a significant jump in sp if the Portland is flowing in volume ( it already has ), 3p plus and more on the cards in anticipation with another mad dash for shares for those that want a piece or a bigger piece of the action before results....FILL YA BOOTS!!!... Gla ;-)

Cheers Heid and good luck to you....3p plus next stop. Gl ;-)

Cheers tomsie, i'm back big time again, but was never removed from this bb or anywhere else on Lse......i did have an imposter "moneymonch" aka beebong1, 12bn12bn on advfn, who seems to have disappearde under those usernames .....Gl..sub 1p back to double figures looks firmly to be back on the cards with the real prospect of free flowing oil at HH...On and UP!!! ;-)

This was prior to Ernst & Young's report when Brent was sub $40 a barrel, and it's now hitting $80. Gla ;-)

3/2/16

Hopefully UK Oil & Gas Investments PLC's (UKOG) activities in the Weald basin of south-east England have raised awareness of the potential for significant tight oil production to help assist UK energy security.

If successful, the impact could be similar to that of shale gas. Following the drilling of UKOG's Horse Hill well in 2014, world renowned analysts Nutech estimated, in October last year, that there are 124 billion barrels of tight oil in the ground in a 1,261 sq mile area of the Weald.

Approximately 80 billion barrels are in Kimmeridge clay. The first extraction target lies within two limestones in the Kimmeridge, which Nutech calculate to contain 19.5 billion barrels of oil in the ground.

These are serious numbers from a serious business.

Ernst & Young (EY) will soon publish a study which assesses the potential economic impact and benefits of tight oil extraction from these Kimmeridge limestones. EY show that production could contribute between 4% and 27% of the UK's current oil consumption with an associated total value contribution to the economy of £7 to £53 billion over the life of the project.

The Chancellor will be particularly interested to read that tax contributions could be anything from £2-18 billion.

If flow rates at HH replicate the original flow rates, and are sustained, then this will be more commercial, and don't forget this is from one well, and their development plan is for multi-well pad sites, maybe up to 20 wells from one site, and then target brown field sites over the area and then repeat....Wytch Farm in Poole Harbour was producing 110,000bopd at peak from 100 wells at 13 well sites and sill produces over 15,000bopd after 30 years of production. Gl ;-)

ps and Brent now at $79.35.....$80 plus coming.....massive potential profit and revenues for Ukog. Gla ;-)

http://www.livecharts.co.uk/MarketCharts/brent.php

Lol absolute tosh....DL has invested over £500k in the last few days, he knows HH inside out and is well aware of potential upside ahead on RE-ESTABLISHING commercial flow.....FOLLOW the MONEY.....FILL YA BOOTS!!!..... 3p plus coming early doors this week. Gla ;-)

ssrover
30 Jun '18 - 09:52 - 88879 of 88881
0 0 0
Can someone tell all the idiots on LSE site and on here That LENIGAS HAS NOT SOLD and is in fact ULTRA BULLISH here for a massive rise!!!

This was his reply last night when asked if the 34m trade was his sell!!!

@DavidLenigas
Following Following @DavidLenigas
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Replying to @DonatoPerretta @grotindustries and 2 others
Why on earth would I consider selling now just for a quick turn. This is show time now after all this time of waiting.

Also David Lenigas
‏

@DavidLenigas
Following Following @DavidLenigas
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Replying to @Shareresearcher
And that’s just at Horse Hill. Nutech calculated over 100 billion barrels OIP for the 1,200 sq miles of the Wield Basin after analysing 60+ wells that were not electronically logged correctly at the time

And Lenigas's reaction to YA selling out.

@DavidLenigas
Following Following @DavidLenigas
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Replying to @Shareresearcher @UKOGlistedonAIM
Once they are out, and that won’t be long, that pressure will be gone.

ssrover
30 Jun '18 - 09:52 - 88879 of 88881
0 0 0
Can someone tell all the idiots on LSE site and on here That LENIGAS HAS NOT SOLD and is in fact ULTRA BULLISH here for a massive rise!!!

This was his reply last night when asked if the 34m trade was his sell!!!

@DavidLenigas
Following Following @DavidLenigas
More
Replying to @DonatoPerretta @grotindustries and 2 others
Why on earth would I consider selling now just for a quick turn. This is show time now after all this time of waiting.

Also David Lenigas
‏

@DavidLenigas
Following Following @DavidLenigas
More
Replying to @Shareresearcher
And that’s just at Horse Hill. Nutech calculated over 100 billion barrels OIP for the 1,200 sq miles of the Wield Basin after analysing 60+ wells that were not electronically logged correctly at the time

And Lenigas's reaction to YA selling out.

@DavidLenigas
Following Following @DavidLenigas
More
Replying to @Shareresearcher @UKOGlistedonAIM
Once they are out, and that won’t be long, that pressure will be gone.

UK Oil & Gas, Alba Mineral Resources and Solo Oil all jumped this week as the long-awaited next phase of flow testing at the ‘Gatwick Gusher’ kicked off.

The 150-day programme at Horse Hill is a follow up to the 2016 testing, which saw oil flow at an impressive 1,688 barrels per day, although that figure was extrapolated from a series of shorter tests (three 30-90 hour tests).

The plan this time is to see if the HH-1 well can continue to flow at or near the level over a longer period of time.

Some close to the project reckon there could be as much as 100bn barrels of oil underfoot, but others have questioned just how easy it will be to get the black stuff up to the surface even it is there.

htp://www.thisismoney.co.uk/money/investing/article

Lol ......Deja Vu....sub 1p to double figures.....again. Gl ;-)

Or could be shares from the placing 15/6/18 when Ukog raised £5.5m cash, admission of the placing shares were expected from 21/16/18 , in the mix regardless and expecting continued upward momentum in sp this coming week......Flow test data fast approaching, and so massive upside on confirmation of commercial volume....On and Up!!! ;-)

ps 3p plus early doors....Ukog and HH are now in full market and investor focus. ;-)

High flow rates!!! Gla ;-) Altus Our experience covers a range of complex well conditions including high pressure high temperature (HPHT), extreme depth, deep water, high angle, high flow rate, etc.

Gates to site now closed. Gla ;-)