Member Info for nhawan

The BoD should know that any slight percieved changes to the plan will be seen as negative to the uninformed, especially when no real clarification was given. If the changes 'make sense' then please explain why instead of just some brief tweet.

Most people would assume perforations will make more holes in the zones thus mixing everything with the unisolated water.

I think they want to release successful flow news by perforating one zone and getting flow figures then gradual introducing more zones into the overall flow figures.
They should have done this in December instead of perforating all of it and getting water problems.

I reckon the first indication that the water has been isolated will send it higher than 9p let alone 7p. The only reason the sp is low is because people are wary of the water issue. We know the oil has come to surface but the high pressure water is preventing good flow.

Wealdoilers posted some more pics of Brockham site

Slickline
https://twitter.com/WealdOilers/status/1117709492328779776

a BKP tanker and 2 flatbed lorries leaving
https://twitter.com/WealdOilers/status/1117712345705398273

Things hotting up. An RNS be end of week is likely imo.

Probably MM's playing the game to allow them to get cheap shares when the good news comes. They normally get to know about an RNS before the public so can load up before letting it go higher.

Lol It's pretty even so far so not sure what you think is happening. This will be taking off by end of this week so I would be more worried about missing out than a placing.

The fake spread is the game. 5.999p are buy but reported as sells. MM's obviously wanting people to think there are more sells than buys.

Would anyone in their right mind sell when we are about to start Brockham? Those selling are either doing it for the Bed&Isa benefit or just some traders trying to make a few percent.
Expecting sp to break past 7p by next week when the water isolation process begins.

The water isolation process will start on Friday but the rig deployment, etc will be initiated from tomorrow to get everything ready for the 12th. All looking good.

The 14 days refers to the well testing which is due after the water isolation. The full test for Stage 1 is here:

Stage 1

Rig acceptance & mobilisation:The delivery of the work-over rig, rigging up and testing rig systems and finally rig acceptance.

Isolation of Water: Full logging program over perforated section to identify water zone. The isolation of the water zone using hydraulically set plug.

Reperforation of Well:Wireline deployed guns to re-shoot the oil section and enable effective communication with the fracture system. Relogging of well to confirm water isolation successful and perforation intervals.

Re-completion of Well:Running of new completion to allow flexibility whilst well in long term production

I expect water isoltion to start immediately followed in 2-3 by the well testing. We will probably know how successful it is in the next 2 weeks.

The immediate task is to isolate the water hence the arrival of the rig. I would expect them to set it up and start the process by next week as long as permissions are granted. The well test will start after the isolation but I suspect they will order the kit once they have a good idea that the isolation is working.

Alan,

Wouldn't they be paying for the rig once it's received. So to then wait 2 weeks for other equipment would be a waste of money. I would think the BoD have organised it better than that.

We know the water isolation plug is already on site and now the rig. Should be good to go barring a couple of other items.

It said 3 days to receive rig and deploy. Should be setup and ready by Wednesday at the latest and then the action resumes. I expect an RNS early next week stating that they have the permissions to go ahead.

The new team continues to suprise. I bet no one expected the rig in the 2nd week of April let alone the first week. Rockets engaged.

Today must be the lowest volume day so far. With less than £150K worth of shares traded so far I think we will see some serious action next week. The investors are holding and traders are just waiting until the absolute last minute to take a position.

Doesn't matter if it's quiet this week. Next week is when the fireworks start. Who is going to sell when the rig arrives?

I'm not sure why they didn't even discover the water ingress until after perforation. Surely they would have seen the water when they were drilling the well if it was such a high pressure. The water would have come to surface freely.

The spread is being manipulated to make Buys look like Sells. They are trying their best to hold it down but something will have to give soooner or later, Rig coming next week.

Volume died down significantly this week. Seems everyone is waiting for the next move up or some signs of life at Brockham. Next week will be exciting. Take your positions soon.

The UKOG placing was at 1.05p for over 333m shares which are due to flood the market of 2nd April 2019.
The chances of the sp moving upwards will be pretty low while there is that huge overhang. The constant dilution even after pumping so much oil is unforgivable.