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Equipment heading to Brockham site and momentum will push sp towards 20p.
The real target is 50p - 80p if we can match HH flow rates.
I think we will achieve 1500bopd + personally based on HH and Balcombe numbers so far.
A simple diagram to show the potential of Brockham vs HH
https://twitter.com/profit_is_king/status/1053582013247221760?s=21
Sp on duster?
Sp on strike?
Bearing in mind first 2 target has the highest COS so if they are not success then the 3rd and 4th target will be worst.
It’s clear to see from your twitter page that you want Angus to fail at Brockham.
Brockham is much more like HH than B.B.
If Brockham fails then that will also not look good for Ukog’s assets so be careful of what you wish.
We need both Angus and Ukog to be a success.
Personally I think the smart money will go from Ukog into Angus for Brockham production.
Will be making there way here very soon.
Brockham production is what it’s all about.
HH is telling people that the kimmeridge is flowing at commercial rates so far.
Balcombe shows the potential with 1600bopd and 3000bopd
Angus has a huge 65% share of Brockham any even 600bopd is transformational for our Mcap.
50p by Xmas will be on if we get 1000bpopd+
Expecting more equipment to arrive ready for Brockham production.
I am expecting Sp will hit 15p in next few days then we move onto 20p range there after before initial flow rates.
We need more tanks to arrive
Our time is finall here after a long wait caused by SCC.
Now we have all approvals in place to turn on the production tap to generate cashflow.
Horse Hill has shown that the kimmeridge is flowing oil without the need for pumps.
Well has already been drilled for kimmeridge production so the process will be much quicker the at HH to start flowing oil.
If we get similar rates as HH then 50p by Xmas is on.
But I think Brockham will flow better than HH due to thicker kimmeridge zones at Brockham.
Plus we are perforating 200 meters vs 30 meters at HH.
1300 flowed in 2016 at HH, looking more like 2000bopd now
1600 bopd at Balcombe and could have done 3000bopd if it weren’t for pipe restriction and limited on site storage.
If Brockham gets even 700bopd then that’s plenty of cashflow, but I am confident of 1000bopd+
Exciting times ahead.
Brockham has started to bring equipment in on Friday, momentum will now build.
By Xmas 50p+ is very possible if we get similar flow rates to HH.
This is what the market has been waiting for since IPO.
Brockham is a carbon copy of HH and is supposed to be thicker and even more matured than HH.
200 meters at Brockham Kimmeridge vs 30 meters of Kimmeridge at HH will be perforated and flowed.
HH achieved just over 1300bopd in 2016 and now looks like it will be more like 2000bopd.
So Brockham should do the same if not even better.
The key here is production license and only Angus has this in the whole of the Weald Basin.
In the coming days/weeks Angus will bring Kimmeridge into production, providing cash flow
Brockham has permission for 6 wells.
3 of which already has well bores in place.
So increase production can come online quickly and at much lower cost.
This is a once in a lifetime opportunity as we could be seeing sp into the £££’s if Brockham is a success.
The train will depart next week once seller is out.
This share can jump to 20p - 22p very quick if equipment is spotted moving into site.
I will not want to be out over the weekend, and will be topping up tomorrow morning.
I am very confident this will be 50p+ by Xmas