All going to plan down on the hill according to Twitter the best source of information. Not much point reading this board right now unless you are looking for a heads-up that there's new information on Twitter.
RE: ALBA INTERVIEW HH MENTIONED 16 MINUTES IN29 Oct 2019 15:42
That's simply 2 to 3 times HH-1 test well flow. Now as I understand it, it is industry standard to look for 4 to 5 times achievable flow from a horizontal production well. Obviously they have to go through production testing and set the optimum flow rate to max revenue while maintaining connectivity and pressure down the well for 25 years of consistent oil and £££££££££££££££'s to shareholders!!!!!!!!
So 700-1000bopd is minimum range we can expect I would say. And the big news is that it's not priced in yet by a long way!!!!!!!!!!!!!
We should see buying pressure increase over the next week as we get closer to those initial results. Could blow the doors off! First we get proof they are connected to the sweet spot and flowing oil then the actually flow rates. Two things the market needs to re-rate. If we recall on initial flow we get updates each day for the first week or so as they establish the flow figures and report to the market accordingly.... could see several price jumps on one week!!! Glad I'm positioned to be part of that :-) Not long now. GLA
RE: ALBA INTERVIEW HH MENTIONED 16 MINUTES IN29 Oct 2019 13:03
That's simply 2 to 3 times HH-1 test well flow. Now as I understand it, it is industry standard to look for 4 to 5 times achievable flow from a horizontal production well. Obviously they have to go through production testing and set the optimum flow rate to max revenue while maintaining connectivity and pressure down the well for 25 years of consistent oil and £££££££££££££££'s to shareholders!!!!!!!!
So 700-1000bopd is minimum range we can expect I would say. And the big news is that it's not priced in yet by a long way!!!!!!!!!!!!!
We should see buying pressure increase over the next week as we get closer to those initial results. Could blow the doors off! First we get proof they are connected to the sweet spot and flowing oil then the actually flow rates. Two things the market needs to re-rate. If we recall on initial flow we get updates each day for the first week or so as they establish the flow figures and report to the market accordingly.... could see several price jumps on one week!!! Glad I'm positioned to be part of that :-) Not long now. GLA
Good spot Qwerty, missed the "n't" Letters. I see you keep you name keyboard friendly so you cann't miss something.... just a swipe of the finger... very smart :-)
Yep, I'm a very very firm LTH and would NOT want to be out of this share any time over the 9 well drilling campaign and especially this close to the first of them delivering results and proof of concept for the whole business going forward. Those documents mapping out the forward plan currently missing from the website could be very interesting once we have those HH-2z results in a couple of weeks. GLA Thanks again qwrty :-)
Good spot and thank Ibug. I guess that is the Web developers getting ahead of the business there. They obviously have these ready to release once official news statements are made but cannot until it is RNS'd. Some good clues that they know it's BIG!!! Would want to be out...... at any point... that RNS could land any time! GLA
This interview is good : https://www.youtube.com/watch?v=dTfc4N6dlng&feature=youtu.be All happened just as he said it would now let's see if HH-2z flows 1000bopd..... just like they said it would.... only a couple of weeks to wait and see now.... are you in or just a spectator watching others get richer :-) I've got a fair chunk now but if I find more spare money I'll be topping up whatever I can before the news breaks. GLA
Thanks Ibug. So the Weald is clearly on BIG OIL's radar. They are all probably just watching, letting the little oil take the risk of exploration and investment. Then once little oil has proved up the asset they swoop in and make an offer to take it off their hands. That offer will be very lucrative to UKOG and it's shareholders but a good deal for BIG OIL since they can then keep a steady return for their shareholders for another 20-25 years without the risk associated with exploration investment. I'm glad I've got a good position here ready to profit from the ride up. GLA
Showing some degree of naivety there Ninetails. 'The Herd' is a well used stock market term to refer to a wave of investors following the same path into a very promising investment . You either research and get in before the wider market re-rate the stock or you wait and join the herd flooding in when the re-rate happens. Currently I feel the herd are waiting for the trigger to start that re-rate and stampede. Will it be : 1) - A very high value investor building a significant percentage like in 2017 2) - Will it be the flow rate figures from HH-2z demonstrating proof of concept and huge newly realised asset value. 3) - Will if be rumours/fact reported on interested BIG OIL partnering or takeover/buyout offer.
There will probably be step changes as all of the above happen over the next months.
UKOG drilling the horizontal section through the sweet spot over the weekend and next week. Looking very good here.... wouldn't want to be out and miss another update RNS. One of these RNS is going to light the touch paper for the herd and high value investors.
Welcome to all ex-angs investors. Good news here is that the share price is still very low and on proof of concept success of HH-2z in a couple of weeks we should see a re-rate here which will help you recover any losses. Then hold through 2020 to see real gains. GLA
It looks increasingly that each UKOG site will be in competition against another UKOG site for the rig contracts. With Angus falling away and UKOG ramping up several site through 2020 UKOG will be challenged to decide which site gets the rig first. A very good problem to have... too many opportunities and too much oil and money to realise in a short time. The last two quarters of 2020 will be fun too as the IoW comes into focus. The only challenge for investors is keeping up with the continual re-rates as assets are added. Don't think I'll even think about selling any share until 2021 when hopefully I'll have a clearer picture of the full value here. Maybe big oil will be along once we have proof of concept at Horse Hill to show their hand....£1bln to £6Bln offer ??? GLA
Great stuff, ramping up. Drilling mud for the horizontal and two oil tankers.... probably keeping the storage tanks empty ready for HH-2z flow..... it's going to be a GUSHER!
UKOG team, quick efficient and zooming ahead into the Portland sweet spot. They are well on track to deliver the well by mid november..... three weeks away or maybe sooner the rate they are going. They've probably allowed some contingency time for snags in their mid November prediction.... but no snags so far :-) More parts of the puzzle arriving everyday as and when needed.... great management!
I should say how little UKOG impact the local community with visual impact and pollution.
But they could have a huge impact by offering employment and supporting services and financing their council services. They'll be driving around on nicer roads with perfectly manicured trees and foliage :-) That should help them accept bumping into the occasional oil tanker on their day trips :-)
All down hole pumps keeping everything below surface long term for minimal if any visual impact. Helps get through planning. It's going to be a very clean site and will help future sites gain approval once communities see how little UKOG impact them.
Thanks to trolls and YA for keeping the price down. Just gave me the opportunity to pick up another 132k shares :-) By the way trades are 1.12p are currently buys!
So much happening on site and all positive. Two production wells on stream in the next four/five weeks and expecting total volume around 2000 barrels per day! Then the push though the 2020 drilling campaign with the self financing profits will transform UKOG into a mid cap and FTSE listing. Simples.... the only question people will be asking down the pub in 12 months is were you in UKOG before it exploded and turned sussex into Dubai :-) I think I'll move down there before property prices explode north too! GLA