Member Info for Ninetails

Backwoodsman worst case scenario....
Water production
The present worldwide daily water production from oil wells averages roughly 3 BWPD per barrel of oil, although some wells produce significantly higher amounts. . In a well producing oil with 80% water cut, the cost of handling water can double normal lifting costs. Yet, wells with water cuts in excess of 90% may still produce sufficient hydrocarbons to be economical (e.g., certain wells in the North Sea Shell Expro Brent fields and in the BP-Amoco Forties fields). Water control technology is intended to reduce the costs of producing water.“Bad” water is water produced into the wellbore that produces no oil or insufficient oil to pay for the cost of handling the water. So far we have not encountered bad water, It is not necessary, nor desirable, to completely shut off the coproduced water. The logic here is the distinction between “good” (necessary) and “bad” (excess) water.[1] “Good” water is that water produced at a rate below the water/oil economic limit (i.e., the oil produced can pay for the water produced). “Good” water, then, is that water that cannot be shut off without reducing oil production...basically if water is managed correctly it can be an asset and we have anticipated a water re injection well sorry to disappoint backwoodsman, but you have this and more coming to us both in UJO.

Peter I am no ramper as my posting history will show, but I can’t abide the likes of backwoodsman trying to manipulate the RNS to suit his agenda and try to deramp UKOG for his own trading needs...He is just trying to make things look so bleak here that he think investors will move to ujo where he will trade and sell in to any good news there .

I do not post on technical issues that can be taken apart and twisted, but I work offshore although not in drilling, I am in contact with Schlumberger, Wellservices, Archer, Expro, Halliburton, Baker Hughes and weatherford , feel free to google them all, I have broached the subject of water ingress at the toe end of a horizontal well with slotted liners, they all said they would start with the simple procedure and it would be a process of elimination ie if a plug works (possible chemical) job done if not move on to the next procedure but basically each well has it’s own characteristics and know one knows until the procedure is underway (especially backwoodsman) to comment on such a procedure without all the relevant information, and even then is pure speculation.Until the first procedure has been implemented all the doom and gloom Swing trader Backwoodsman presents to this board is pure speculation on the deramping side.

Stocktaker01...BMD saying majors sniffing around, that old chestnut...been used for many a pump and dump...

What the RNS says....Whilst HH-2z continued to clean-up prior to the current shut-in, returning oil, completion and drilling fluids to surface, evidence of formation water ingress was also recorded. Consequently, an additional routine intervention is planned to shut-off the water source, What backwoodsman says, the RNS says, ....This means that, in addition to hitting a water source at the far end of the well, there is also an issue with the presence of SIGNIFICANT formation water... he just thought he would add the word significant in himself... Not to be trusted he is a swing trader, he had a deramp campaign before he bought into UJO and has been called out many times on the UJO board...

Backwoodsman...I see you are very concerned with the problems facing UKOG, that you have done much research, and managed to highlight and indeed exaggerate the problems to the upmost , I read your posts on the UJO board as I am invested there also, maybe you should be concerned how things are going to pan out over there before coming on here trying to make things sound worse than they are, at least UKOG have put oil to the refinery, UJO have many, many hurdles to cross before they get to that stage, and who knows what problems will be thrown up there, or indeed how much water will be encountered.And as for communication and updates it is radio silence, and sentiment at an all time low, the only people happy over there are the pump and dump traders waiting for some news to sell into, The Wressle permissions was fantastic news for UJO but the traders took the sting out of that and the same will happen on next news...Good luck with your trading.

Gold seem to be immune to the Chinese virus so far...

Thought so, you couldn’t back up your pipeline rubbish, ok enough time wasted on you trolley dolly.

And for starters this is not the FTSE 100 this is AIM, for start up companies, and if the CEO puts his money where his mouth is, it shows he actually believes in what he is doing and future success of his fledgling company, whilst taking a risk along with shareholders, but hey ho Tymers you are the self proclaimed expert.

Ok Tymers if you elaborate on the pipeline we have...

That’s why many of the world’s best investors, like Warren Buffett, have to diligently search for opportunities where the incentives of shareholders and executives hew to the same line. (Buffett himself, by the way, is no hypocrite.You can get better, steadier returns by investing with an executive whose net worth and risk profile track that of shareholders. It makes sense to align the incentives of the CEO with those of the company’s investors.

Every CEO, of course, holds some equity in his or her company. It’s often equity that was granted as opposed to an actual investment, though. Our clients want companies where the boss has pushed all in, where his or her wealth is deeply tied to the company's fortunes. Private equity firms now seek out investments where the CEO’s risk mimics that of the institutional fund — where the CEO loses real wealth right along with shareholders if things go sour. It’s not easy for small investors to mimic the actions of their big-money peers, but in this case, it’s possible: You can get better, steadier returns by investing with an executive whose net worth and risk profile track that of shareholders. It makes sense to align the incentives of the CEO with those of the company’s investors. And yet it’s surprising how often those things often run askew of each other. Most CEOs garner a large paycheck regardless of stock performance. That’s why many of the world’s best investors, like Warren Buffett, have to diligently search for opportunities where the incentives of shareholders and executives hew to the same line. (Buffett himself, by the way, is no hypocrite.

I am still keeping an eye out for Tymers update on the mysterious pipeline we have ??

Many followed him all the way down from 8p down to .8p

Tymers says the sp will hit 8p shortly and we have a secret pipeline, decide your self what is fact or fiction...

Tymers I won’t stoop to your level of childish name calling , I asked the question knowing you could not give a factual reply. I am invested here and want things to take a turn for the better, but you on the other hand with your unsubstantiated price predictions and now a fantasy pipeline do no good for anything or anyone...

Tymers could you enlighten us on which pipeline is close and fit for the purpose of transporting crude oil?

Steptoes; Your quote " People can see that they've been systematically misled for weeks if not months" Reminds me of Broadford bridge.Come to think of it Horse Hill as well

Rudey...just incase you’re not familiar with the term. Reverse stock split = Consolidation atb.

Rudey...First point if you’re referring to me, I have been invested in ujo for well over 2 years Second point the information I posted is free for all to view on google and not just plucked out of thin air. And a third point if you are seriously wanting ujo to consolidate their sp at this time in their development you are not as smart an investor as you think you are.