RE: Continued3 Sep 2018 11:29
Kias0r,
You criticise people for being uneducated, lacking research in their investments.
You then copy and paste words from an article - without using quotation marks or stating that those words came from another person.
https://www.fool.co.uk/investing/2018/09/02/thinking-of-buying-the-ukog-share-price-read-this-first/
02-09-2018
"..trying to get oil from Broadford Bridge’s six Kimmeridge horizons, there’s been no sign of black gold in this region....."
The Motley Fool and those that copy and paste those words unchallenged, are either poorly researched or dishonest.
It is clearly false to say that there is "no sign" of something, when may barrels full of that something have been pumped to the surface.
Of course it will take many more wells to be drilled and tested to confirm the spread and recoverable volume of oil in the Weald, but there certainly is oil at Broadford Bridge.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/UKOG/13585920.html
29-03-2018
"......UK Oil & Gas Investments PLC (London AIM: UKOG) has been informed by its 100%-owned subsidiary Kimmeridge Oil & Gas Limited ("KOGL") announces that the most important technical goals of the drilling, coring and flow testing programme at its 100% owned BB-1/1z exploration discovery, located in licence PEDL234 were achieved, namely: further proof of the KL "geological concept", the determination of the deposit's lateral extent and the presence of a regional scale open natural-fracture network capable of flowing oil to surface from the KL without reservoir stimulation.
As previously reported on 20 February, the presence of KL5 oil flowing to surface, oil returned to surface from KL1-KL4 flow tests, together with mobile oil in cores and drilling fluids, presents further compelling evidence that the Upper Jurassic Kimmeridge of the central Weald Basin contains an extensive continuous oil accumulation. These live, mobile oil occurrences, together with corresponding rock and electric log data likely demonstrate an oil deposit of up to 1400 ft vertical extent.
Geochemical analyses further support this conclusion, as all oil samples from both BB-1z and HH-1 analysed to date are determined by Geomark Research to come from the same Upper Jurassic shale source, i.e. the oil lies within or immediately adjacent to the Upper Jurassic rocks where it was generated, one of the key aspects of a continuous oil accumulation.
The reservoir geology and geochemistry between HH-1 and BB-1z demonstrates that this continuous oil deposit has around a 30 km north-south extent, with BB-1z likely lying on the deposit's southernmost boundary. UKOG is the largest licence holder within the deposit's most prospective area or "sweet-spot", much of which resides in PEDL234. ..........."