Member Info for Mullins58

REVENUE !

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PERE/14295948.html

Amazes me how some people waste their time. I have filtered the wasters. ATB

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robane, I have been accumulating over the last 4 1/2 years. Finally UKOG are at the start of the production journey. The CPR will firm up the true potential of HH. ATB

https://twitter.com/UKOGlistedonAIM/status/1191630573468557312

amazing

https://twitter.com/UKOGlistedonAIM/status/1191630573468557312

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Someone been letting off some Fireworks !

Posted on LSE crazytravel40 SWEET SPOT

Depends on interpretation. What UKOG is saying in the RNS is the previously thought 90-100 ft portland reservoir is the case, however there are stratigraphic layers totallying 35ft within the overall package. This is very interesting news as the effective Kh is much lower if the reservoir "pay" package is 90 ft. At 35ft, history matching the production would put average permeabilities in the double or triple digits (triple if you also address skin effects of drilling damage). Additionally, by not seeing depletion on the HH2z, there may be small throws enabling virgin pressure fault blocks. Now, if the core can verify vertical permeability in the lower perm portland sections, this moves the EUR of the well dramatically. All-in-all, with a bit more engineering work, this well could be a monster. All the signs are VERY positive.

Posted EOGL SWEET SPOT

I agree CT40. I would go a bit further and say that even lowish vertical permeabilise can be very effective when they occur consistently over a wide area. Perfect communication over the whole area is unlikely to be necessary; small areas of decent vertical permeability can provide all the pressure support required for sustained flow rates.
Regarding the potential effects of small scale faulting, not everyone will recognise the benefits of horizontal boreholes in being able to drain small isolated fault blocks, which otherwise may remain undrained by conventional vertical or inclined wells. GLALTHs

I Agree, thanks for your contributions, much appreciated. ATB

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/UKOG/14292096.html

Get well soon. ATB

1.1599 paid

3p please . HAGWE

SS stated at the SCC Planning Meeting that HH could be worth £500m. I believe that was understated at the time. UKOG have gathered additional technical information since they started drilling , I now think the value could be a lot more. The CPR will hopefully be announce before year end. ATB

Yep, someone sold 264k at the open.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ALBA/14290026.html

Working 24/7

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