Member Info for wizard125

All very interesting but was it not previously that Loxley and Broadford Bridge data or a site in-between would make the decision.

Now Loxley or Horse Hill.

Horse Hill and Broadford Bridge data now looking favourite to me with the appraisal of Loxley up to 3 years ahead if permission is granted for appraisal of the the site!

https://mobile.twitter.com/Anton13579/status/1501528887276318722

Thanks Tony.

Update on Horse Hill and resources.

https://www.ukogplc.com/page.php?pID=60

Giddeons

Yes and now you are starting to get my drift what it is all about.

DL always said there was a lot of gas at HH and I believe that the well was drilled that deep to verify the resources.

UKOG were supposed to look at Kl 1/2/3/4 which I believe includes shale rocks. in the EWT but the well did go much deeper.

This RNS from 2014 below shows the potential resources and why the well was drilled and the EWT was done but we still await the results from UKOG but now know they own 86% of the licence and have a production licence for 20 years.

https://www.lse.co.uk/rns/UKOG/update-on-investment-sndio5dg6rfrr4z.html

Cyndiliar

SS said no need to frack as already naturally fractured.

Apart from that the national rules for fracking pre moritoriam were fracking must be done below 1000 m depth.

I nearly forgot the major grievance.

Cyndiliar

Very poor knowledge and no proper readearch.

Volume 934,546,168

Ozzy52

Love it!

UKOG Volume now 622,882,762

Can you just imagine 'The Ibug agenda' written by Robert Ludlum

https://oilprice.com/Latest-Energy-News/World-News/Goldman-Sachs-Oil-Prices-To-Average-135-Per-Barrel-This-Year.html

I believe that they wanted to see the extent of the Kimmeridge layer at Loxley before returning to BB.

Unfortunately Loxley has not yet been granted and would still be a appraisal well.

The UK needs oil and gas now not in a few years.

If BB flows it will fund the Loxley appraisal when permission is granted.

We need action now to strike while the iron is hot in my opinion.

It would be great to see SS words from his interview saying that UKOG should be producing 2000BOPD by the end of the year come true.

I think that is Sussex County Council not Surrey Council and the councillors were quite amenable to the site being retained on the last two occasions.

Hopefully that would be favourable for a return and I believe a renewal of site retention is due soon anyway.

I'm sure the short sidetrack would be fairly quick and cost effective with the site already set up but suspended.

Giddeons

BB was discribed as likely sub commercial in March 2018 below is the Brent crude price from the time is currently $130 per barrel.

The oil price for Brent crude oils in March was $66.02 per barrel while the price was $65.32 per barrel in February of 2018. Over last twelve months the price has raisen 27.97%.29 Mar 2018

A reminder of Broadford Bridge;

https://www.ukogplc.com/page.php?pID=115

jamrock

We need to see the UKOG board of directors really get things moving now.

Horse Hill should start to move forward now hopefully with Loxley permissions granted.

Hopefully now Loxley will take second place and UKOG will return to Broadford bridge at the earliest opportunity and drill the forecast short sidetrack that was advised as needed.

There is still a permit for BB and the 100% UKOG owned PEDL234 already has OGA permission as a production licence.

Let's see some sparks fly and things get really moving.

Gl.

News

https://www.lse.co.uk/rns/UKOG/update-on-investment-sndio5dg6rfrr4z.html

https://www.cityam.com/ukraine-johnson-to-set-out-uk-energy-strategy-in-days-ahead-as-eu-clings-to-russian-oil-and-gas/