BWM and Lonely11 May 2020 10:05
BWM wrote this but did not post last week but it applies t oyou spinning untruths .Ukog have RNS's 300 BPD so don't know why you see a future of 135 bpd
Lonely-Shooter
Your post last week
"Yes Sting I cannot wait for this great rns, let’s hope it’s more than 500bopd otherwise you and Tymers are best entertainers here, just make sure investors have a way to thank you for that constant ramp not backed by company facts,"
Lonely the fact is, as you are all constantly throwing around that we are not getting any information from the company .Do I see it as a problem Noooooooo. I read the RNS's
Yes we need more information with regards the delays etc I think it’s acceptable and suits ..
Are we ramping untruths ie not substantiated facts .That I would disagree with although the purists would have reason to question my findings as below.
Do I think there is another 500 bpd on top of the 300 already stated hell yes and hopefully more. lets look at the RNS's.
Portland HH1
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.
28April 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.
See next Post on Kimmeridge and Portland Horizontal
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