Member Info for wizard125

Penguins

You seem to have forgotten it was previously 30 million + barrel with 7 - 11 million recoverable which has been upgraded to 11-14 million Conected barrels recoverable.

I don't call yours nit picking I call it dishonest.

Free-Money

That was 11-14 million barrels of connected oil in the Portland alone with a NAV of over £200 million.

All without the Kimmeridge at HH or other sites within the HH LICENCE, PEDL234 or the Isle of Wight.

One of the biggest things to look forward to is development without dilution & growing the company & profits.

Free-Money

The advantages over 2017 are that we know that we will have 11-14 barrels oil Conected from the Portland alone which should become reserves when the planning permission for HH is granted this without the Kimmeridge should have a value over £200 million.

Happy days!

SS has said many times that the next two wells are fully funded.

What makes anyone think that Tellurian has not paid there share?

Bridgedogg1

In reply to your 12.07 post.

My thoughts after SS comments of bringing the Portland into full production before developing the Kimmeridge would support drilling HH2 & HH3 while producing from HH1 as it is.

This will bring in extra development revinue & once the Portland is fully developed a updated Portland CPR could be produced allowing borrowing against NAV so dilution would not be necessary.

Penguins

Below is the definition of commercially viable which was used in the RNS OF 23RD JANUARY for the 3 layers of HH1 which is legally accountable as correct.

The planning comment is not.

Obviously there is a disparity between the 2 statements.

If you want clarity contact the company or the Nomad. I am happy with the RNS.

You seem to query everything the company says so for your own pease of mind get a professional opinion not just let your over enthusiastic ameture brain do overtime & be negative on here!

Commercially viable would be similar to the term commercial viability. It could be defined as business, product, and service which has the ability to compete effectively with it's competitors and to make profit. In other words, when you have a business idea, product or service you would to deliver to the market.

So what you are saying is that you don't know if a mistake has been made in the planning papers?

Maybe a email to HHDL would be your best option if you were a genuinely interested shareholder.

Not continuously venting on here in a negative fashion.

Try being constructive not destructive.

Penguins

More manipulation of the truth.

You still have not explained why 140BOPD is robustly commercial in the HH1 well from the Portland & a sustainable 356BOPD from the Kimmeridge in the same well is not?

You then come saying others are incorrect when you have no clue what 2 million was spent on between the end of March & June eg. running costs, one offs capital purchases etc?

More uninformed rubbish!

Penguins

If the Portland well is robustly commercial from the HH1 vertical Well with 140 BOPD can you please explain to me why the Kimmeridge layers in the same vertical well are not commercial in HH1 with more than 350BOPD sustainable flow?

All this from a very small perforated area.

Penguins

Which part of the RNS of 23 January in note 5 do you not understan 3 commercial zones?

Your continued distortion is total fabrication.

Adrian (FOTH) talks of the French buying in to UKOG & a 5p+share price for UKOG if a TR1 appears which would be good but what do you think would happen if the French brothers bought out the 35% stake that Tellurian hold in the HH licence?

Just as well UKOG hold the controlling interest incase that happens imo.

Brocal53

I believe they were saying planning for Dunsfield for October not Horse Hill.

Penguins

I think you need to do some more research taking everything into consideration.

Not going off with half baked theories with your enthusiasm!

Shouldhavedone

We now have a new oil & gas separator so why could we not have oil going out of the gate in tankers & gas going out though the pipeline into the national network!

It would be interesting to know if the if there is a national gas pipeline network near Dunsfield so any gas that is produced from the Portland or Kimmeridge can be exported by this method reducing the need for road transport as slaying some of the concerns raised in last nights listening committee hearing.

There seems to be networks around Horse Hill that may be able tone plunged into?

Penguins

You can copy & paste what you like it does not give any answer to the amount of BOPD with over 1950m extra perforations in one sidetrack well & how this will contribute to dilution when UKOG can only flow 3500BOPD from 6 wells so remains obscure imo.

Do you think that depletion will even be noticeable at that level?

Yes Penguins

I notice that yet again you are only telling a small percentage of the real story!

No surprise there then is there!

Then please:

Take the number of meters of perforations in the currant KL 3 - (35m) or KL 4 -(38m) & do the calculations with that based on a 2000m side track perforations.

Now will you please tell me how many barrels of oil per day that equation will give from 1 horizontal well?
Or
Will you as I expect either not reply?
Or
Try to baffle everyone with one of your obscure posts?

Brocal53

I believe this would indeed suit your trader nature & indeed be desirable in many ways.
Unfortunately there are many other conditions & regulations which we are not necessarily aware of under the continuing test conditions.

Let's settle down & look forward to the rig arriving which it will eventually to move the game forward to further testing & then into production.

That would be Sedoc our resident sea doctor with his ****amiemi valuations that don't add up.
Total fabrication & delusion imo.

Morning tanker in.

Quincet9

Don't forget the value of the 4 - 8 sites which can be developed on the 99 square mile licence at a £100 million value per sight.

As DHC would say all IMO.