Member Info for wizard125

Baits

Why when the tests are still ongoing when the Portland is complete they will move back to the Kimmeridge to continue while drilling HH2?

as was said by SS seamless transition.

The OGA seems very accommodating so must be very pleased.

Free-money

Although UKOG only has 50% of HH there are 2 sidetrack drills a planning meeting & 2 planning applications to go in as well as the completion of the EWT from last year which will bring news. Hopefully SS taking up his option & the CPR aswell.

I don't think that that viewing platform is there for nothing!

I hope for your sake DHC that things are not brought forward to quickly with you away after all your positive efforts.

We are all a bit frustrated especially as this SP has now touched last years lows which then bounced to about 2.9p before the fund raises & flow tests.

Even Sedoc is going long from September!

GL to all holders!

Good2bhere

SS has 85 million options but as far as I know 2 parts a 35million & 25million will expire in September & before the end of December if not take or the date extended.

Warik

With HH 2 perforated section being 750 m or 2250 ft instead of the current 38 m or 114 ft which is over 6 1\2 times the amount of perforations in the current Portland pay zone it is highly likely that this target could be exceeded.

It is my understanding that again these are not SS figures but a independently worked figure presumably by Xodus.

Does anyone have any idea of how long it is likely to take to drill each well, HH-2 & HH-1y, once the rig is onsite & set up?

Ninetails

I hope to see SS take up his options this year.

It will be a big blow I feel at this stage after all that SS has been given for the running of the new company that he wanted & has proved up HH beyond even his own expectations, putting in the growth prospects for the future if the leader can not show at this stage his belief in his own company & its ability going forward to meet it's targets by investing with the rest of us mere mortals.

I think that SS has 2 lots of share options that will expire this year if they are not taken or rescheduled again the first is in September & the second is by the end of the year.

I think that it is 55 million shares in total.

Warik

I have to agree about the delays with the rig, planning & the drilling & am a little disappointed.

But for me the rig is coming & planning is still ongoing & the fundamentals are getting stronger for me.

BB was not good but HH is flowing now almost 50,000 barrels this did not happen at BB & the UKOG other interests have stopped this happening as the have developed HH & have no debt to repay.

The acquisitions have all been larger %of the pie & give UKOG the controlling interest in the licence with over 50%.

Warik

Read my post from last night about the perforations at HH for the Portland & the Kimmeridge & tell me that you do not think the perforated zone length of the sidetrack will make a difference.

Newboy

Ukog is now an operating company & the OGA will want to see funds for forward planned projects & the leadership that it provides as a leader.

One the CPR & planning are in place hopefully we will not need these raises.

Come on SCC.

Me to Ohmetoe

Maybe that olive branch extended to a gas site that could produce a revenue stream for £1 with £2 million gifted towards the decommissioning.

The question is how much will it cost to decommission when that time comes George & is £2 enough to get Angus over the line?

Mirasol

Their was certainly some praise for UKOG as as competitor from lord Lucan & maybe an olive branch.

My 23.15 post last night should have read the HH licences are 100 square miles not meters.

Ohmetoe

I thought from the interview at the investor show Jonathan with his drilling crew which is retained was offering SS the opportunity of continuous drilling where he said that they could drill 6 wells a year.

Obviously Angus do not have that amount of acreage but SS does & he also has the knowledge on how to make it flow which Angus seem to have a problem with.

Penguins

The recent figures are from SS after the flow test which may suggest a upgrade on the Kimmeridge figure or less sites the flow tests are not yet complete so we will still be waiting a while for the CPR.

As far as the Portland is concerned there is nothing to say that that if there are more sites on the HH licences there could not be more Portland wells to come especially if we may now see a further upgrade in the Portland numbers.

Penguins

As the 4 - 8 sites are all within the 100 square meters within the HH licences which Slumberger said had 10 billion barrel of oil in place at HH licence. I am sure the the data collected over the EWT & the natural fractured network that is prevalent across the central Weald is being assessed for the CPR.

As I previously asked you why do you think that there are only 2 Portland wells in the currant planning application, do you think we will see a second application after the first is complete?

You chose not to answer from what I recall.

Patience & wait for the CPR.

Does anyone think

Lord Lucan was on the telephone to SS to ask him to consider being the operator at Brockham?

Penguins

?

Ninetails these facts are all from SS mouth from his interviews which are available on utube .

The number of sites for HH in the presentation & the size of HH from UKOG documents.

The reason that everyone is doubting re the number of barrel production is that at present this is a vertical well & the perforated zones for production are only:

Portland - 113 feet about 38 meters

KL 3 - 83 feet about 28 meters

KL 4 86 feet about 29 meters

According to the presentation the Portland sidetrack perforations are 750 meters

According to the presentation the Kimmeridge sidetracks are 2 km but I do not think it shows how long the perforations are but will probably be coming led so on 2 levels!

These are interesting comments about the Portland having a larger potential.

These are obviously disappointing times for long term holders with the share price at 1.02p & Sedoc continuously posting his poison.

It is times like this when I find myself going back to basics to check & double check my understanding & the potential even just at HH not & not UKOG's other assets.

SS said that the current value of the Portland alone at HH is £150-180 million which may be conservative.

SS said that the value of each site at HH which must be for the Kimmeridge is £100 million & this figure may be conservative.

The presentation states that there will be 4 - 8 sites per 100 square meters whether the sites will be larger or smaller depending on the number of sites I do not know.

The HH licences are 100 square meters in size so if there are:

4 sites the value will be £550 - 580 million.
6 sites the value will be £750 - 780 million.
8 sites the value will be £950 - 980 million

Maybe this is what is slowing down the CPR.

I find myself reassured & wander why we are only talking about 3500 BOPD when the reality considering the 4 - 8 sites is probably 3500 BOPD per site.

On the bright side.

50,000 barrels oil is about £3.5 million revenue enough to drill HH3 as HH1 sidetrack & HH2 are already funded.

Did Angus not asidize the well at Brockham?

This as I remember was the problem at BB & was stated by UKOG that there will be no asidization at HH or Dunsfold as it blocks the natural fractures with the broken down debris.

The well at BB was plunged & abandoned & a new sidetrack will be drilled when UKOG return.

UKOG said that the only asid that would be used will be in the casing initially to clear the perforations.

What can we expect from Angus at Brockham?

Another tanker out again this morning regular as clockwork even although this is only a test thanks Adrian

Argus1 & Jason

I am surprised that LSE does not ban the with there constant misleading posts.

Jaykay1 not invested & here from the Hurricane board to troll without being invested is on filter. I would not even give him the satisfaction of a reply.

Seadoc with his continual inaccurate calculations based on inaccurate figures & a down bet who is now says he is interest of going long from September.

Why when by any calculations UKOG will not have 3000 barrels by September but will likely have a higher share price than now?