Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The UKOG's primary 2019 operational goal will be to deliver continuous oil production from
Horse Hill via continued extended well testing ("EWT") of Horse Hill-1 ("HH-1") and by the
drilling and production testing of two horizontal wells, HH-1z and HH-2, both planned to start
in UK spring of 2019. Planning consent and environmental permits are in place and UKOG is fully
funded for both wells.
The first new horizontal well, HH-2, will target the Portland oil field, while the second, HH-1z, a
horizontal sidetrack of HH-1, will target the combined 358 ft thick Kimmeridge Limestone 3
("KL3") and KL4 oil pool, currently on sustained test production from the HH-1 wellbore.
Utilising the reported flow rates from the current HH-1 vertical wellbore's EWT campaign, both
HH-1z and HH-2 each have targets of initial sustained daily horizontal well rates of 720-1,080
bopd. These targets are deemed by the Company's 3rd party reserve auditor and principal
reservoir engineering advisor, Xodus, to be viable and realistic, conforming with the established
petroleum engineering benchmark that an optimally placed horizontal well within a reservoir
with reasonable vertical permeability can be expected to deliver 2 to 3 times the flow rate of a
vertical wellbore from the same reservoir.
Further horizontal production wells and a water reinjection well are planned to be drilled in
early 2020 following the grant of regulatory approvals for permanent oil production,
applications for which have been submitted. Permits to cover 20 years of production are
expected to be in place by autumn 2019.
Are we there yet. :-))))
Greetings one and all. How long is imminent??
Morning Wassatt. Trust you are well. Now't much going on here except non stop work and waiting for the start of production and £3+ per share and a realistic date of dividends as the construction of this plant has been put back a far bit.
Morning all. Im parked up for a couple of hours as my load isn't ready. Krispy and your good lady , have a great and safe holiday. As for trouble in Oman there is trouble everywhere. As for rating agencies, after the last financial crash and the way that they rated American home loans as good when they were worse than crap, they clearly cannot be trusted to organize a p... up in a brewery. My thoughts.
Wel I'm glad England won. Great way to start the week.
Have a nice holiday Krispy.
Nice one WJ . Is it ok to abbreviate your name..
Hi WassattJunior. Spider's have gone back in the woodwork. :-)). Should get news this week i reckon saying production has started, they did state within the week.
Don't think odey would want a bad name with pi, even though we are little we are many. Also he will be thonking about future dividends and more roasters.sleep well off to eork now. :-(((((
Rns was on Thursday and these buyers were on a Friday so it couldn't have been a nod and wink otherwise it would have shown before rns. We will never no but one thing is for sure they have put there money in for a reason the same as the rest of us. Sleep well ,production soon, sweet dreams.
Everything is looking great and just to make it better. 6 nation's starts Friday.
https://www.sixnationsrugby.com/fixtures/
Hi Wassatt no more trips to matron i trust and you and your family are fit and well. Its still great at Matlock Bath. Cable car is still going but in summer really. Still lots of motor bikes on Sunday. We still find it hard to believe we live round here. I expect the next rns to state production started . Rns ( initial production of pure antimony metal to take place in the next week.) :-))))))))
Good afternoon all. Long hours at work this week , rns was great and i would expect another one by Thursday confirming production. Our patience with this company now seems to be coming right and we can stop feeling down in the dumps. See some spiders have come out of the woodwork ramping etc, seen that a few years back on ukog and ruined the sit hope the same doesn't happen here. Only day off today so were off to Matlock for a bit as its only 10 minutes down the road.
Just got home. Thanks for the reminder Krispy £3.07 would be great.
Had to ring my wife to ask what the hell is the rise for as im driving back from warminster . Great news , ill have a read when i get a mo as im still at work. Wonder what tomorrow will bring. ££££££
Glad your ok Printerruss. Sorry about your friend. What you have said makes sense i know and to look at your glass as half full and not half empty. Had a few things in our family so thanks for kicking me up the rear posterior. Still p..? Off though.
My anger will be gone when the dame thing is up and running and delivering the goods. Being kept in the dark as to the problem and how they intend to solve it is treating us like morons , bet odey know what the score is so why not us. Feel better after that rant as im delivering in southhall london, s.. hole of a place.
Morning all. I totally agree with you Krispy in everything you have said. Between the share consolidation ans buying more at a discount and now this i am to very p.....off.
This is not a very good morning. They won't be getting any extra money from this share holder so they better start cutting there wage bill and finding other ways to fund this thing.How about peace work.