Dunsfold planning currently set for 20th Nov'. Has anyone got a link to confirm that please?
Shall we guess what UKOG will drill next :
1) Dunsfold 2) Godley Bridge 3) Broadford Bridge
Interesting that Stephen said in the Dec' 2018 interview that they think there is a huge oil pool below the gas at Godley, maybe four time Horse Hill. That will certainly be an interesting drill. All financed by Horse Hill well 1 and 2 daily sales :-) Can't lose on this one now..... simples :-)
Absolutely Sandy, we LTH already invested are now waiting for the HH-2 flow and proof of concept. There is also an army of interested investors waiting in the wings to buy in as soon as they get that proof of concept and some of those will be high and very high value investors who realise that this first proof of concept horizontal is just that and the beginning. It will be vastly scaled up from here and we'll be looking at a very different investment come Christmas.
By year end they will have proved they can deliver. They have the assets and plan to scale it up 9 fold through 2020. So whatever you calculate for Horse Hill by end of HH-2 successful drill then multiply it by 9 for a 2020 investment case.
I would guess double, triple that again for 2021!!!!
The future is looking very strong now.
P.S. Oil flowing, revenue flowing in.... self funding with no debt through 2020 also :-)
Once done with successful HH-2z they could move the rig directly to drilling HH-3/3z.... another Portland horizontal in the other direction :-) So possibly within a couple of months we could be close to 3000BOPD. Stick that in your calculators for a revised SP with the another three wells still to drill on Horse Hile site 1. Note I refer to Horse Hill site 1..... obviously they will not stop at one site in the licence area!!! OIL = £££££££££££££££££££
Yes, fantastic, they drilled another hole and hit oil again...core bleeding profusely!!! They hit the sweet spot and next week will drill 1000m through it guided by data, not guessing. So much risk taken off the table with this RNS. Massive opportunity here at this price. GLA
Agreed, it seems very likely a partner will be found very soon and the recent deal with Qatar is probably about as obvious a clue as you are ever going to get. Topping up in the morning for the bounce back to 10p+ GLA
Agreed, obviously some good news coming..... tomorrow or Wednesday is the question. Think I'll top up in the morning having seen the strength of the finish here when usually you would see a day trader sell off. GLA
Also it doesn't say which formation will be in production from HH1. Maybe since the vertical well is very well connected to all three layers they plan to just open the taps on all three which will give flows close to a horizontal on a single layer. As mentioned before, no point disrupting a producing well when have the permission and resources to drill four other wells on the same site. Only rework HH-1 once the rest of the site is built.... keep it producing ££££'s to finance the rest.... simples!!!
Now they are releasing more detail on the Portland might explain why they've been so keen and quick to acquire as much % of the site and licence as they can and are apparently more focused on the portland than the kimmeridge right now. Very exciting story unfolding. GLA
Yep, more oil in place..... bigger CPR......bigger asset....... bigger company value = more share price :-) We're all going to be millionaires :-) That's if you've bought share of-course and are not just here to **** people off..... Pingu!
Obviously some frustration there.... but hang in, we're nearly there. Nice to see confirmation in today's RNS that the oil produced daily from HH-1 is funding all site operations including drilling HH-2/2z. Then both together will fund three or four times the level of work from Jan' 2020.... four more wells in quick succession :-) More revenue.... more sites and more wells..... more £££££££ for shareholders It's all coming true.... who needs that euromillions when we have UKOG :-)
We've been at two tankers daily for some time now. I'm expecting 3 or 4 per day as they open up the Kimmeridge..... building up to production rates now. Patience is required now as the company deliver in the coming weeks. They are obviously very positive and keen to pass out as much information as they can with this weeks two RNS's. All very exciting. GLA
RE: 35 days left to collect chestnuts.08 Oct 2019 19:35
Great work Stone, where do you want to meet for that halloween beer. Maybe SS will invite long term investors to site to help launch HH-2z. What cut off shall we use 1million, 2million...... 5, 7million shares.... OR should it be proof of first purchase date 6,12,18 or 24 months? I'll be celebrating wherever I am and building up stock now :-)
Thanks and very interesting. My post referring to calling Pingu out getting the most votes of the day just got even more votes. She must be feeling pretty stupid continuing to post on here knowing pretty much everyone has her card marked and ignores every word of her essays. Admin, please get Penguin off this board, she is not invested in UKOG and only here to disrupt and cause trolling harm.
Pingu, my post calling you out got the most likes of the day. Get off this board and stop filling it with your diatribe! You are an anti UKOG protester and LSE admin have a policy against that. But for some reason they let you continue. Everyone else here sees you for what you are, Ruth!