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Any ideas why we have by passed KL4 and tested KL3 instead?
When we finished Portland testing rns stated that we move onto KL4, but that did not happen.
Is there some issues with KL4 that we started to test KL3 instead?
AKA @WealdOilers sold out of Angus at about 6p and has been de ramping Angus ever since.
Kicking himself now that the sp is up 100%
His holding in Ukog is not going as well as he had hoped
Bless him, he can’t help but feel a wee bit jealous of Angus.
Pboo buy in now before the sp really motors and u miss the train completely.
I would imagine sp would be sitting in the 15p-20p range before Brockham starts production.
If the flow rates are good like 1,000 bopd then share price will rocket to 40-50p
Remember we hit 37p last year on just hype. This time it’s the real deal.
So far Ukog are proving that the kimmeridge are flowing at fantastic rates with 30 meter of perforation exposure.
Angus will be perforating a huge 200 meters of the fractured kimmeridge. Let’s see what we have.
Share price is still a bargain. In a couple of weeks time it will be a lot higher IMO
This is like a once in a life time opportunity.
Massive upside and a very very very low chance of this being a duster due to HH next door and the data Brockham has collected shows that this could be even better than HH.
Production and cashflow not like other explorers where the chance of success is very low and many years from production.
Brockham alone could see this do 500% - 1000% increase because more wells can be converted to kimmeridge producer very cheaply.
David Lenigas has been spot on so far with HH. He has always believed in in the Weald Basin.
He also believe Brockham could flow even better than HH.
The key is production and cash flow with permission already in place for 6 wells at Brockham site.
In my opinion Angus can easily do multi-bags before Xmas due to tiny Mcap and few shares in issue free float.
Ukog on the other hand Mcap and 5bn shares in issues and no production license. So will not go up as much as Angus.
Ukog are at least 1 year behind Angus.
At Brockham
This could be absolutely massive vs 40 meters at Horse Hill
1,000bopd at Brockham will see share price back to 30p
Angus can quickly change the Portland well into kimmeridge producer. Plus another well after that.
I believe we have permission for 6 wells at Brockham. You can see the upside if the kimmeridge well flows even near HH rates.
Angus in my opinion is very undervalued and about to turn cashflow positive with kimmeridge production.
Yes we have 3 well bore at Brockham at the moment and permission for another 3.
1 well will be for water injection, so 5 wells could be producing from Brockham.
I have a feeling if kimmeridge flows at good rates then Angus will fast track more wells.
Train lines will come in use.
We could be producing 5000bopd+ from Brockham in next 2 years IMO