The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
UKOG is a stock that is on the brick of fixing the ingress water which has been reported as at the toe of the well. If you want to stay away do so , but in my opinion this is a straight forward operation to fix it, what with the initial flow rates we should see 800 to 1200 bopd imho as always do your own research it's all there in the recent Rand's good luck to all who are invested!
Great update Pboo - I especially like that last part - "To date, the absence of produced formation water adds continuing support to the Company's geological concept that KL oil lies within a significant continuous oil deposit."
Encouraging news and a flow of RNS's expected over the coming months, I for one am excited!
If people read the detail SS has a plan that sans the whole Weald Basin and will be transformational.
leading up to Septembers meeting we have 2 wells to be drilled and plaenty of upside.
Cash in the bank and income litterally pouring in via dry sweet crude oil (with zero water) now how damn good is that!
BB wasn't a Disaster as you put it, UKOG learnt a great deal from the work carried out there!
It said Broadford Bridge would be held “in retention” until September 2019. Depending on the Horse Hill results, the company would either:
Plug and abandon the Broadford Bridge well and restore the site; or
Apply for a separate permission for more testing or a sidetrack well.
If Broadford Bridge were restored, the work would be carried out between October 2019 and March 2020, UKOG said.
https://twitter.com/Adrianwfire/status/1110456083343126534
well done eyes on the ground