Member Info for wizard125

Chromeinvestor

We have now seen for months the Portland flow at at least 220BOPD well above the 140BOPD which is robustly commercial & now doubling that on a vertical well without depletion.

All looking very promising imo.

Pboo

Will they defiantly drill the 2 wells one after the other without taking the rig away?

DHC

Re. your 17.01 post have you had a bump on the head?

I understand your frustration & wish you well with your other investments but as I believe you have said yourself many times 'If you are not happy with your investment sell up & move on to one you are leaving others to there's'

After such positiveness & your sudden change at this crucial juncture, you will be playing to your own empty big top if you carry on as people will take nothing you write seriously.

Argus1

True I believe that there was a crane reported on site as well as tele handlers.

It could have been switched over then as it had been stated in a previous RSN. The pump rate has certainly increased from 4 to 6 strokes per minute.

Argus1

Is that from the Portland or have they moved over to the Kimmeridge already?

Would a RNS be needed before the transfer over as it may be price sensitive?

Agree Penguins but permission will hopefully be granted for 3500BOPD.

Should a further review be needed it will have to be controlled pending any further permissions required are granted or not.

The other considerations are the flows possible from the other 3 - 7 sites on the HH licence from the same resevoir.

So Penguins

The reality of what you are saying is you do not know how the 2 horizontals may flow.

It could be 1000BOPD it could be less it could be more.

If only 2 Wells were needed to flow 3500BOPD there is plenty of room for depletion over 20 years with 6 wells to drill.

Is the glass half full or half empty?

362BOPD from 35m vertical perforations HH1 .
How many BOPD from 750m horizontal perforations?

Oiler87

Your full of gossip and jealousy.
Your about to read & weep.
Will be thinking of you!

UKOG's planning applications a put together by a company called Zetland.

I am sure that within over 100 pages of detail there will be lots of questions to be asked & details to be gone through.

As long as it is months not years.

Paitance is a virtue Heid!

The rig will come soon, then the party can begin.

Dor's 6% cost UKOG the equivalent of £2.1million!

How does anyone think that the market will respond with UKOG to this news?

Thorpedo

I think that the £261million figure for HH is more than a little lite in my opinion.

SS said the Portland at HH has a value of £150-180 million & the Kimmeridge has a value of £100 million per site.

He states in the presentation that there will be between 4 & 8 sites on the HH licences PEDL 137 & PEDL246.

I will leave you to do the maths while we await the CPR & a independent appraisal!

Sedoc

Your valuation as told many times has n9o value for the Kimmeridge as stated by SS.

Oil site are also valued by (NPV) so you need to wait fir the CPR.

Heid

I think SS is still looking for his trousers as he only has one pair.

Bridgedogg1

I understand that this decision has moved to 10 July after further consultation.
I am hoping that the meeting will take place & we can move forward from here.

Heid

I think your old friend Newchurch & her brother are back with a new name Pillarts at 11.26 this morning.

Obviously talking down UKOGS chances of drilling on the IOW.

SilencerK2M

Maybe because it is one continuous resevoir which is naturally fracked by mother nature so the acreage will make a difference to the amount of oil recoverable.

Stocktaker01

Well spotted with 6 wells & sidetracks to drill at HH it would be a great investment.

We would probably still need rig 28 or 51 for Dunsfold, Arreton & BB if HH is going to be a simultaneous drilling program as UKOG has said the 6 Wells should be in production within 2 years of approval.

Hopefully we will have the CPR soon with the knowledge of how many sites will be developed on the HH licences & how they will be developed!

Tony

The problem is Secoc continuously stating UKOG do not hold this money as it was payable.

This has left the impression that UKOG is funded for 2019.

The funds were origanally raised for the operations which have now been moved to 2020 is this cash still held for 2020 or will new cash need to be raised & what funds have been used to fund the longer 2019 tests as the 150 day EWT finished towards the end of 2018?

(vitriol) meaning.