RE: HOW5 Aug 2018 11:38
Willow
Know you are a supporter and holder just need to pick up that we didnt leave HH and risk failure we had exceeded the licence period so had to leave.Making the point on the time it takes to do anything in this country I believe you were saying
I did post on Thursday eveing that we would receive an RNS on friday regarding maximum flow rate after the pumpin the week was at 7 strokes per minute
Week after next we will see declaration of commerciality
I think they want the larger pump not to pump faster but to achieve the volume over time ie barrells a day but minimise flow speeds and thus risk damaging the well
Ive stayed out of all these comparisons with HUR its rather like comparing a new player to Pele or George best etc the differences and nuiances of the two companies go far beyhond Mcaps versus shares versus capacity and then oil in place and extractable volume
This is UKOG so lets watch our investment and not worry about other busineses
The Portland was all I a was waiting for , almost a certain commercialty declaration, all wells in the wealdbback this up
The portland will then underpin any ones investment below 2p
I cant understand why people can not see this and listen to argument based on 32% of small bopd, when the real truth I am sure they know is that this is perforation of a vertical well we havent even put a side track in or indeed looked at lots more wells across our licencences btringing potential to several thousand or tens of over the portland.
I am not even going to copare that to wytch farm as againd we have superior one well records and again people keep deramping againt the thousands at wytch farm but miss the fact that was after declaration and the sinking of more wells etc etc
Did Pijoe miss oil the first time NO
Was the technology to recover , the understanding of flow mechanism, oip investigation technology, price of oil per barrel!!! In those days the same as today ? NO
The company is strong and secure with the Portland , future licences planning in for various new sites we can now build on this
The Kimmeridge will come to us I have no doubt at all , I am certain
The understanding from BB will be invaluable along with all the advise from america
I believe the sidetrack was applied for especially for the kimmeridge as SS knows from BB that perforationof vertical wells wont or may not cut it
I am sorry to say for all those derampers UKOG are not going to fail as they are secure as we speak
That means we will continue to battle with the kimmeridge potentially for months or even years and oil will come out even with fracking and the Government will this summer start to sit up and realise the potential of the weald
GLA
Long and strong let the day traders play roulette
This may go to