Member Info for Tony13579

The hydrostatic pressure is weighed down with well fluids. At BB they tried pumping it out, they tried gas lift.
The gas lift would lift it up a vertical well or a slant well without fractures.
But the gasses go up the fractures. The gasses in the oil do the same. In horse hill you lift the pressure a little, the pressurised oil gives up a bit of its methane and the bubbles lift the oil up the vertical well.
At BB the methane escaped up the fractures leaving the oil down the bottom.
The fractures that make this well great also make it a nightmare.
Someone needs to solve the problem. I think SS knows the solution. But it will be pioneering.
To get a slant or horizontal well to flow gas driven in fractured rocks.
It might need the right expert. It would be better to do that with an income flowing from the Portland.

No one has successfully flowed a slant well for a few hours.
Brockham is a 25 degree slant well
Balcombe flowed for an unknown time , unknown quantity of barrels. If Vonk had a tanker full he would have told us. It had tested for 2 hours he would have told us. He got a peak flow meter reading over a very short time.
Then he quoted this as bopd.

Broadford bridge was a slant well and the same gas that drives the oil up HH, is going up the fractures at BB.
So what will be different at Brockham?

Brockham needs to be a first time crack the slant well in fractured rock problem.

It's not a 100% bet. It's like the first moon landing. Everything needs to go right!
Angus will be Heros or Zeros, and there is no fallback producing well.
By all means take a position on Angus but understand it's a binary bet. You win or you lose. If it dosen't flow the share price will crash.

I'm not going to be popular posting this ! But it's the truth.

Argus is correct, the relationship between Angus and the planning authority and to be honest OGA? Ea.?
It's taken a long time to get on site and the longest site update ever.The trick with these things us nit to stop production till the last min. Then blitz it and get going with phase 2.

Also they only have one gas to wire generator and planning application agreed to cap production if the gas Gen is overwhelmed.Now looking at UKOGS flare, I am concerned thier 4 generators are insufficient. Angus are never going to get that quantity if gas through one gen set. So these production forcasts we see are pie in the sky till they return to planning.(The ever recurring nightmare.

As for testing KL1&2 no one has cracked the well finalisation through the shales in the Weald. The plan should be to drill the limesstones for now. Also vertical flows. Horizontal and slant are difficult with all the fractures as the gas that drives the well escapes through the fractures.

Alan, painful for Angus who get rebuked for being difficult to deal with.
UKOGs last Surrey application got passed without a single question.

Back to the reason I'm on this board was the fake news spread on this board .
Planning will take months not the 2-4 years claimed by degsey.
You have been waving this moth eaten production licence for nearly 2 years and produced nothing.

Alan, , extra loooooong sigh , you need to get on site, start your testing and prove you can get a tanker first
Lol
You couldn't make it up!

You clearly haven’t done your research and read the scoping report.
The application is ready.
Where do you get 2 years from.
It only takes 2 years when you haven’t done the background work.

Kate Spring is our secret agent, lol
I meant late spring

2/4 years is fake news. The planning application is written and will be submitted within 6 weeks.... Passed by Kate Spring early summer...

I can confirm the tanker count of tankers either in a RNS or observed by trusted persons (usually with a video) is 36
There were a few days with no one on site. It could reasonobly be 5-10 more.
We have no idea if we have missed a 3rd tanker of the day.

Brockham's clock started December 16, LOL count is still zero observed.
I sold in Feb. 17 at 12p

Can you just nip up to Gatwick and fill a couple of tankers ! Lol

Yes, the flare stopped at the weekend and the truck Adrian calls the PW pressure testing wagon, which I think is a hydraulic power unit is on site.. No crane yet that we can see.

Possibly they are recording the pressure recovery after a long flow test.. 5-6 days with a short break to repair the flare.

What's next?
Another flow test? Or move to KL4...

Very soon. Far too much positive news in the pipeline

I might add that SCC and UKOG worked together to erecting a fence and highways marker posts to keep swampy under control. (At the front of the site) We havnt seen planning for that fence yet. But it was done with SCC visiting each day.

It shows they are working together to solve problems

If SCC did not approve the production planning application it would have to reject it on valid grounds or it would be passed by the planning inspectorate at appeal or even overturned by the Secretary of State .
Also SCC would lose the ability to add planning conditions.

I think you need to remember the last planning meeting with SCC. There were no questions by councilors. Totally unheard of.

100 billion barrels of oil is oil in place, not recoverable.across the whole Weald basin.that was upgraded to 129bn I believe
The original recovery rates discussed in 2916 were 5-1thar was a very generalised realistic estimate needing further drill results to prove that the oil was in other places and had the maturity.
That evidence us coming in.
The recovery rates needs extended well tests like horse hill.
UKOGs 100m is effectively underwritten by the Portland result alone.
The kimmeridge is anicdotaly flowing twice as well as the Portland if you observe the tankers and flare.
We await the RNS and further technical analysis.

But in my opinion kl3 is at least 2x Portland

It's in solos RNSs. They had a debt to clear and want to monetise for other projects.
I think thier timing is mad, they could also have walked this price up 0.05p per day. But it's thier board decision.
Hey ho!

It been gouging on for two years. Two companies two different strategies.
Ukog had a long term plan but hit a setback with BB.

Angus tried some short cuts but they got caught out.
Thie issue was cross posting on message boards trying to poach each other's investors.

If Angus get on site, and if they get it flowing. Great.
Ukog are proving the Weald Basin and p2 recoverable reserves. Then moving to production testing.
I believe that is almost production. In all but name.

I'm not convinced by the Balcombe result, they clearly needed more than 7 days testing.

I think Angus has much more of it's up side priced in.
That doesn't stop investors riding both waves. However that's not my strategy.
7p buys my dream, 11p puts a bug cash buffer there for me. If I was in better health I would be holding longer.
I also have my home under siege by Taylor Wimpy. I would have an oil well any day in place of 350 houses.

The costs of getting this far has come from placings, however all those investment costs are tax deductible against the first incomes. ( within the tax rules)

Yes, Angus have been telling us about how easy it is with a production licence for 2 years... I still waiting to see an Angus tanker...

It's almost a dead cert there will be one more issue of shares, that will be to buy the rest of HHDL.
It's a thinner slice of a bigger pizza, and then we get 100% of that £1m per month production income in 2019.
Hh2 is funded, so you move to two producing wells. £2m per month income?

Issuing new shares is a necessary evil, but when you buy more assets , or buy a strategic asset you add value to the share price.

Your thinner slice of the bigger pizza weighs more than your first slice, also your company is moving faster into the black.