Member Info for Stocktaker01

so what does this mean for KDNC? don't they still own 10%?

I think it will. Great for UJO but a long way to go before EWT. This ones ready to go!

There has been the odd rumour but i'm with Mirasol on this. Massive capital expenditure etc. More likely waiting for West newton rig. Not sure 3.5m would pick up what we need even second hand.... then again UKOG may have found a bargain. In some ways I would like it if we had. Would show confidence in intention to develop HH as planned, Would probably pay for its self at HH alone and would mean we aren't relying on availability going forward. The timing of the WN rig being fished with is too much coincidence also

exactly my opinion R8

are they planning an ANGS style breather before testing?

"This would be followed by a period of low levels of activity at the well site" ??? What's this low activity all about?.

Some folk quite rightly picked up on this in the RNS. Some Inferring that this was loss of pressure from the well= depletion of reserves = bad thing. Now see below the schlumberger definition as applied to well completions-

The differential pressure that drives fluids from the reservoir into the wellbore. The drawdown, and therefore the production rate, of a producing interval is typically controlled by surface chokes. Reservoir conditions, such as the tendency to produce sand, may limit the drawdown that may be safely applied during production before damage or unwanted sand production occurs.

Hence in this case a modest drawdown pressure would suggest highly choked I.e. large restriction to limit differential between reservoir and wellbore and therefore flow. In a nutshell the flow is being greatly restricted IMO. I am an engineer btw albeit not in the O&G industry.

Agree

As discussed on here it’s highly likely they are waiting on the rig at West Newtown which they look to be just done with. That being the case there would be no point giving form timeline as wholly dependant on how the West newton drill went. Outside chance they’ve bought a rig and awaiting lead time on that. Either way I thing we will see action next week.

A bit worried about alan2017. He’s gone off Twitter too.

Showing up as a red. Nice to join you

Could the reason for the delay be that they have purchased a rig? Someone tweeted this yesterday obviously I took with a pinch of salt but the language in the RNS does not state rig contracts rather administrative and logistical preparations. Just a thought and if true an indicator of how confident UKOG are regarding their ability to carry out their plans for HH at least.

well put Tony. Also is it still Q2? are preparations for the HH-2 imminent? are we on the up?

according to noise on twitter. time to get that rig down to HH!

Showing a trader who bought 14k day before yesterday is what that shows. If we were seeing dumping of volumes that could be associated with the 4.25p placing shares I’d be worried.

The drop came as people selling for quick profit. Well oversold before that and no profit for anyone at 3p. The buys will stick as testing approaches. I expect a steady increase till 4.5p before test. IMO

Less than 70% more on 18 months. Over 2 years to double. The Mcap reached 350 million on anticipation of BB. So successful horse hill HH-2 and HH1-Z and you think the most this will go is 75m mcap? .:. Okay

Where can this info be seen please??

Agree sageman. Perhaps too considered. Of course they want to Ensure maximum communication. Of course all parties will agree to advancement and that’s perfectly normal. Folks a little jumpy here thinking “what if they don’t all agree?” why wouldnt they agree?” What wrong with the drill?” “Something must be wrong” ” brockhams a complete failure”

Has the penny dropped that they are flow testing brockham very shortly..

Informative post strudel. I see what you mean. I can certainly see the parallels and I'm sure some of the technical challenges are the same. One doesn't necessarily follow the other but it's a great milestone all the same.