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Penguin
Are you real
Normal people on here know you wont getv1000 bpd from hh1 Portland horizontal
The big pump is for 600_700 eventual commingled Kim's and Portland
Any more and I'm very happy
Hh2 we wait
Sorry but I am seeing a none holder
Technical bull****ter
You are nothing mate it's just hot air and I and lots of people on here haven't got the tme to review rns and technicals as much as as you
I'll forward a lot of linked in friends I have who would argue with you but frankly it wong change a thing
Your a SWAMP ,enviromenatalist do down the company guy/ girl who ascto appear right
I do not ever say swampy you will never see it in years of posting ever
I do not take it lightly
You are the worse
Good riddance
Gla
Profit
Do you own shares at all
Do you have a clue
Ya will sell at whatever they can they are not here to invest
They make money either way ,
Yes they are tankers but as they always say when they pull the trigger
" Its only buisiness"
Just a shame when we borrowed we had a lot in the pipe line pardon the punn
Covid ,water ,oil crash put paid to that hence more shares issued than expected
SS cant do anything about YA wanting to deal at 15 %
Can no one see the amazing thing is and I'm not suprksed hence my holding shares just keep getting gobbled up
I fancy more but cant possibly:_)
Some one fancies it
Ukog united
Canaccord heard they were fitting a flux capacitor to Hh1
That's why they bought in aand they are rightly holding for their discrecianary investors
The trick for traders will be how far they wish to hold
I think they may be getting inside and investing deeper
Need 10% TR1 and then the doors will be well and truly blown off
Ukog United for Tymers
KarlovyVary
Or should it be VERY
Very eloquent but frankly told any one reading it absoloute,y diddley squat
I had to read it 3 times to filter out the flowery substance
The came to the conclusion it's your probability tool against my probability rool and out life experiences
Oh I have one up on you there as I also read a d believe in the RNSs which you clearly are avoiding to flower around with percentages and opinionated yearly values,inflation etc etc
I'll study it again and probably work out some facts for you
Gla
BMW
I don't see the statement of the RNS below meaning that we are into compartmentalisation or pockets as you seem to imply.
You could say every oil field in the world is a pocket of some varying size or another if you were a cup half full type of person.
RNS of 23rd of December was:-
Downhole pressure gauges also confirmed that HH-2z penetrated a near virgin pressure section of the Portland oil pool. This finding has likely positive implications for the magnitude of connected oil in place and recoverable reserves seen by the field's two wells. Determining the oil volume connected to HH-2z remains a key EWT objective."
This means a Cpl of things to me a new recoverable reserve not previously part of the RNS below but also scuppers a few people who were banging on about depletion if we pumped oil from Portland HH1 and the horizontal HH2 at the same time.
The words are in the RNS magnitude of connected oil in place and recoverable reserves .Separate or separate pressures and connected (seems implausible but either way you want it its an increase again on the already quoted figures.
Prior to the Kimmeridge production switch, which was necessary for the safe drilling and coring of HH-2/2z through the Portland reservoir, total aggregate Portland production reached 29,568 bbl, with HH-1 continuing to produce dry Portland oil at a stable rate of over 220 bopd. Preliminary Company analysis of the final Portland pressure build-up test, indicates that the Portland connected oil volume accessed by HH-1 has significantly increased from 7-11 million bbl to 11-14 million bbl, a robustly commercial volume.
I can dig out Exodus or other details in RNS but frankly I am trying to get work done .
I am here for the Kimmeridge and for some reason along with all of the delays we have had reported verbatim there is a delaying of flow which has achieved the percentage ownership of HH and now the time is to stop peeing about and get on with maximising the asset.
Portland is a hold and while some have not managed to average or cant average down from the rampastic crap over zero assets 3 years ago I believe Kimmeridge is still a Buy
UKOG United
Morning BWM
Lets concentrate on your first point HH1
Brilliant so we are starting to slowly get somewhere.
Thankyou for at least conceding that we are getting 300bpd from the HH1 well . Now slowly review the RNS of 28th of Aprill
and bare in mind every man and is god on this board know there is only one pump on HH1 at the moment so only one source that's a fact
Rns 28 April 2020
"Consequently, with daily flow rates from production start at Horse Hill averaging over 300 barrels of dry oil per day ("bopd"), asset-level opex, inclusive of tanker export, sales and marketing, now equates to $17/bbl."
R28April 2020
"These include interventions to add commingled Kimmeridge oil flow. If successful, the resultant incremental production will further reduce the field's overall variable opex costs per bbl."
NOTE :- The word add Commingled Kimmeridge yes ADD and " incremental increase"
So your a clever bloke and most people on here are not fools.
We are waiting to add Kimmeridge to the already agreed 300 bpd Portland
Read my other posts on RNS about Kimmeridge and you can see another potential 200 BPD "incremental Increase"from KL 4& 5
RNS 23rd December
"Immediately following the current HH-2z shut-in, flow lines were reconnected to HH-1 and dry Kimmeridge oil flow was resumed on 18 December at an initial half-hourly rate of 354 barrels of oil per day ("bopd") with an average daily rate of 301 bopd. "
That's why I have conservatively gone 560 bpd from HH1 but expect maybe we might open up and let it go to get ergonomic pathway going and company recovery ,minimise future placings of which there will be some but at a higher and hopefully well bought into cost
GLSA
Penguin
Yes my fault that but clear in RNS
I keep imagining the vertical (near ) bore and the horizontal intersection
sorry
All clear in other statement I believe.
300 for Portland hh1 yes as they say they are obtaining 330 dpd they say they have yet to commingle in the same rns of 28th
February.
GLA
Potentially all there in the RN's as outlined nothing meaningfully left out 600dpd from the potential commingling of HH1
Need EWT HH2z results and they have hopefully put in the FDP for production from HHz2 and other plans on storage etc
Lets get some action going on site
come on UKOG Unitied
Portland Horizontal
Rns 28 April 2020
"Consequently, with daily flow rates from production start at Horse Hill averaging over 300 barrels of dry oil per day ("bopd"), asset-level opex, inclusive of tanker export, sales and marketing, now equates to $17/bbl."
R28April 2020
"These include interventions to add commingled Kimmeridge oil flow. If successful, the resultant incremental production will further reduce the field's overall variable opex costs per bbl."
This indicates the above flows of over 300dopd are from the Portland Horizon
"Prior to the Kimmeridge production switch, which was necessary for the safe drilling and coring of HH-2/2z through the Portland reservoir, total aggregate Portland production reached 29,568 bbl, with HH-1 continuing to produce dry Portland oil at a stable rate of over 220 bopd. Preliminary Company analysis of the final Portland pressure build-up test, indicates that the Portland connected oil volume accessed by HH-1 has significantly increased from 7-11 million bbl to 11-14 million bbl, a robustly commercial volume. "
So we have above confirmation in 2 rns of 300dpd from the Portland horizontal just recently and stable 220 in the past .
So the Portland HH1 will flow 300bpd will it VERY INTRESTING
While reading the RNS's of 23 rd of December I also saw this little nugget that people like to pass over .
"Immediately following the current HH-2z shut-in, flow lines were reconnected to HH-1 and dry Kimmeridge oil flow was resumed on 18 December at an initial half-hourly rate of 354 barrels of oil per day ("bopd") with an average daily rate of 301 bopd. "
So the Kimmeridge HH1 will flow 300bpd will it VERY INTRESTING
BWM
Go on explain why you believe even though we have 300 bpd from the Portland HH1 you think in your esteemed official O&G expert on shares role that the HHZ2 horizontal will see only 100 bpd
RNS 23 December 2019
"UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce the successful completion of the first phase of open hole EWT and associated well clean-up at its Horse Hill-2z ("HH-2z") horizontal well, in which the Company has an 85.635% net controlling interest. During the initial clean-up phase, HH-2z achieved initial rates of up to 1,087 barrels of fluids per day and oil cuts of up to 60%, demonstrating the horizontal's ability to flow at rates significantly greater than the HH-1 vertical well. Produced oil, brought to surface via an electronic submersible pump or "ESP", has been exported to Perenco's Hamble oil terminal for onward sale at market price.
RNS 09 March 2020
"Dry oil flow rates during the initial 48-hour "clean-up" period to date are encouraging, with metered daily rates averaging 223 barrels of oil per day ("bopd"). However, as is to be expected in the early clean-up stage of such a horizontal wellbore, both oil and associated gas rates have been very variable. Half hourly rates have thus ranged from a high of 778 bopd to a low of around 10 bopd during intermittent short periods of "slugging" (i.e. the return of discrete pockets of gas and/or completion fluids).
The water ingress problem meant that HH-2z remained shut-in for almost 3 months, with spent drilling and completion fluids within the near wellbore. Consequently, it is expected that the full clean-up process is likely to take a number of weeks of aggregate flow. As part of the clean-up process, to ensure the full remaining horizontal section contributes towards aggregate oil flow, further interventions are planned to help fine-tune and optimise flow from the well."
Note that the well was shut in before cleaning up and the half hour rates 735 to 10 barrels will still yeald good results.
The biggest thing I took from the RNS of 23rd of December was:-
Downhole pressure gauges also confirmed that HH-2z penetrated a near virgin pressure section of the Portland oil pool. This finding has likely positive implications for the magnitude of connected oil in place and recoverable reserves seen by the field's two wells. Determining the oil volume connected to HH-2z remains a key EWT objective."
All very good for me
GLA
Ukog United
So Penguin
You claim to be an holder and despite knowing we are as per rns flowing 300 bpd from the Portland horizontal you do not accept that the kimmeridge along with the horizontal hhz2 will raise another 150bpd
So as an holder your expectation is for failure of hhz2!!!!!!!
Cant be very much fun in your house on Christmas eve
Bet you never leave a mince pie out,humbug complete waste of time
Gla
Portland HH1
Rns 28 April 2020
Consequently, with daily flow rates from production start at Horse Hill averaging over 300 barrels of dry oil per day ("bopd"), asset-level opex, inclusive of tanker export, sales and marketing, now equates to $17/bbl.
R28April 2020
These include interventions to add commingled Kimmeridge oil flow. If successful, the resultant incremental production will further reduce the field's overall variable opex costs per bbl.This indicates the above flows of over 300dopd are from the Portland Horizon
Prior to the Kimmeridge production switch, which was necessary for the safe drilling and coring of HH-2/2z through the Portland reservoir, total aggregate Portland production reached 29,568 bbl, with HH-1 continuing to produce dry Portland oil at a stable rate of over 220 bopd. Preliminary Company analysis of the final Portland pressure build-up test, indicates that the Portland connected oil volume accessed by HH-1 has significantly increased from 7-11 million bbl to 11-14 million bbl, a robustly commercial volume.
From the above it must be conceded we are getting 300 + barrels per day from the Portland HH few feet of perforation and in fact it tallies all the way back to .
Independent oil consultants Xodus Group's ("Xodus") analysis of flow and pressure data interprets that further HH-1 Portland vertical well optimisation could achieve a forecast sustainable initial 24/7 pumped rate of around 362 barrels of oil per day ("bopd")* when full scale long-term production commences, exceeding original estimates. This analysis is key as it establishes the absolute flow potential of the Portland reservoir for future production wells.
Kimmeridge HH1
Rns31 march 2020
"The two Kimmeridge oil pools (KL3 and KL4) in the HH-1 well are now recognised to be one single accumulation 358 ft thick, as evidenced by fluid and pressure data."
Rns 12 September
" Prior to the current shut-in, Kimmeridge test production reached a total of 36,559 barrels ("bbl") of dry Brent quality crude at a final metered rate of 313 bbl of oil per day ("bopd") over the final 48 hour test period. Peak instantaneous rates of up to 374 bopd were recorded during this period. Total aggregate Portland and Kimmeridge test production now stands at a landmark 66,127 bbl. Kimmeridge production is planned to continue during the drilling campaign. "
Rns 1st August
Kimmeridge oil flow was re-established at initial half-hourly metered rates of up to 332 bbl of oil per day ("bopd"), with continued stable production of dry oil at daily rates of 200-266 bopd. Total Kimmeridge production to date, now exceeds 30,618 bbl with no apparent produced formation water. Following a 5-month shut-in, flow rates and flowing bottom hole pressures appear more stable than during Phase 1 Kimmeridge testing.
Ukog United for Tymers
Hh1portland 300bpd
Kimmeridge 260bpd
Portland Horizontal 650bpd
Nice for starters
Rig back for another well Portland horizontal ,cpr and then horizontal into the kimmeridge to try and have another go to fathom out completion
Gla
Ukog united
2nd timer
I wassnt trying g to civilised I was yaaaaaaawning at you previous post
The post just now was a well thought out concise post but really unnesecery
You sold
You've got nothing else to say here rather like BWM
We who are holding especially those who are well down and cant average down dont really appreciate any form of negativity which lacks any knowledge of the company ,facts based on RNS
We wait and time will tell
Thankyou