Member Info for wasit10538

Dimvestor,from the planning officers report to SCC planning committee meeting 8/8/18 for approval of retrospective planning approval for BRX4Z page 22,
" The installation of the tubing and the perforation of the casing is likely to require the use of either a workover rig or a crane. Whist it is impossible to predict the exact plant to be used,any workover rig would be similar to that used in the drilling of BRX4Z."
" Upon perforation any Nitrogen or air within the well will be displaced,"

From the minutes of Brockham Parish Council " SCC must be given 7days notice from Angus Energy when they intend to start drilling.The Parish Council would also like to be informed of the notice period. Cllr Holmwood to action with SCC and possibly Angus Energy. Cllr Songhurst has requested the Parish Council also be informed of the direction of the drilling."
After all this time and the meetings with SCC planning officers Balcombe Parish Council actually think that Angus Energy will be drilling in BRX4Z.

Interesting to review the two different company development strategies of UKOG and Angus, since the 2016 flow test of HH1 UKOG have been acquiring assets but have no production licences,so now find themselves asset rich but licence poor. Angus immediately sold their stake in HHDL and sold their IOW licence to concentrate their funds on acquiring sites with production licenses in the Weald and are now asset medium and licence rich. Now some might suggest that a pact was agreed that one company would acquire the acreage while the other acquired the licenses with a merger between the two agreed further down the line. I do not subscribe to this as I see no advantage to Angus shareholders at this present moment or the company,we are in the driving seat and should remain so,with the cash generated by BRX4Z and the bond facility we can rapidly expand production at Brockham and buy up further assets without any further dilution to shareholders. We can stand on our own two feet.

Ok Willow let's use your projected figures for HH1 of 2500 bopd minus say 500 for the Portland that leaves 2000 bopd from the Kimmeridge ( and remember that HH1 was never planned as a exclusive Kimmeridge producer ). BRX4Z has 200m of Kimmeridge hitting all the best fractures so multiply 2,000 bopd by 3 equals 6,000 bopd which gives Angus 3,900 bopd at 65% interest,so 3,900 x a conservative £40 profit per barrel equals £156,000 profit per day and then multiply by 350 days gives Angus an income from BRX4Z of £54,600,000 a year. Your figures for HH1 only strengthen the investment case for Angus Energy over the next 12 plus months because of that products licence.

Willowpillow HHDL will be doing a fantastic job if they get one before Christmas 2019.

Horse Hill wasn't drilled as a Kimmeridge producer, Brockham was and it's 3x the size,wonder what BRX4Z will produce:)

Kimmeridge, Kimmeridge, Kimmeridge..... Production license who's got em? Answers on a postcard.

From today's interview Horse Hill was never drilled as a. Kimmeridge producer, Brockham was drilled specifically as a Kimmeridge producer.

Seaace I've just invested in a pair of rubber pants. lol

Yes seaace the numbers begin to boggle your mind,the Kimmeridge even flows at Lidsey where we have 2 wells and a production licence.

I agree,if no TR1 tomorrow then Bergen have stopped selling for the present,0.11% to cross the 5% threshold.

Another TR1 tomorrow.

Angus Energy announces that due to rising fuel costs all passenger fares will double next week :)

" Analysis indicates that Brockham is very similar to the Horse Hill 1 well, with a similar maturity,organic content,and presence of natural fractures. BRX4Z penetrated a thick 385 TVD gross Kimmeridge shale section with limestone intervals and the use of a novel borehole imaging tool by Angus has proved the natural fractures that exist in the limestones."

" Help us to raise £9,000 to Fund water and air monitoring at Brockham ahead of imminent oil extraction,gas flaring and waste-fluid reinjection." Anybody care to contributing :)

Bergen have now got their loan back plus profit so can afford to take their time over the last 5 or 6%.

The bond has a maturity date of 30/6/2022,all Angus did in 2017 was to stop reporting it's non use so far and save themselves the cost of a pointless RNS.

Perhaps Baits couldn't control his feelings any longer.

Many thanks for the detailed reply Dimvestor,you have confirmed what I suspected with fractured limestone wells that it will vary from well to well with no average decline prediction possible to forecast,very interesting to hear from somebody with experience of working on fractured limestone production that they can produce consistently for decades. I have dipped into the Southampton University report on occasions and find it impartial assessment of oilfields in the UK. In my question to Alan I didn't make it clear that I was wondering about fractured limestone producing wells worldwide.

Alan2017 do you know if there are any comparable fractured limestone oil fields and what there average decline rate is? Thanks.