Member Info for wizard125

58Fiero19

If I understand your point correctly the 2 × 96 hour tests @1.5 & 2.5 cycles per minute could have produced more than 470 BOPD on a continuous basis for 96 hours without depletion.

Is that correct?

Pboo

That's great but the bit that I do not understand is that it appears that the pumps capacity was only reached on the maximum flow rate test of 470 BOPD which is fine but I can not quite get why they did not re run the max flow test with the new pump after the new perforations unless I missed it or am wrong?

Jaykay1

I said it was a good deal not that Hurricane will be able to prove the resources.

Nothing is proved read the article.

Hopefully not a fools paradise.

Goodbye.

Jester

I am not letting any share go.

To much potential in my opinion.

Look at what Spirit (part of Centric a has done with Hurricane today.

A farm in like that could help open up the whole Weald & make it happen sooner rather than later.

Argus1

Maybe they had to run a second test with a second pump to verify this after all the ney sayers.

I was surprised that after changing the pump that they did not rerun the max flow test.

This could be the reason?

Would it be strange for UKOG to buy out Alba & Dorremus.

Can you imagine DL coming back as the chairman of UKOG & SS running operations?

It would be a great partnership Imo.

SS may know all about geology but he struggles with being a figurehead for the company projecting a positive professional image.

Imo.

Rodders

Have the posts been removed if so I hope he is banned as well.

DHC

While I am glad that we have not wasted lots of money on the planning application.

I am more than a little frustrated that for a well that was scheduled to drill in late 2018 was not even at the planning stage.

This now seems to be the second time that leases or rights of access to sights have been a problem for Ukog the other being at Markwell wood.

The questions have to be asked what due diligence is done on the sites before the sites are leased? as we could have a commercial drill site & it could be taken away as the lease option is removed as we want to go into production after a very costly appraisal process.

Lerdroath

Unfortunately the judge has ruled out this sort of insightment out of the injunction today or the Daily Telegraph could be in contempt of court as the miss reporting will create a lot of public anger against UKOG based on false reporting, mischief making or down right lies.

nmn.

I think the currant hope was for Portland results which did not come today so there was likely some disappointment.

There is obviously now work going on with the well which it is presumed but not confirmed as preparation for the Kimmeridge layers.

When the update comes maybe with well fluid levels and initial flows i'm sure it will be a different story & things will pick up.

imo.

Ocelot

I think you are right & it could be a substantial rise if it flows well as SS said that the Kimmeridge is not priced in UKOG's share price as it is not in the CPR.

Looks like the tests could start in the next couple of weeks.

Lots of expectation could also do wonders for the share price!

Is the £6.3 million to the end of September ie. the financial year or the year end 2018?

Is there any idea when this approval will be given or is it thought that the other HHDL partners may follow suit but at a higher price?

What Tellurian will do is also a big question as it will have to start to pay costs once HH becomes commercial.

Welsh

With a consolidation 100 shares @ 20p=£2000 & 10 shares @£2=£2000 so it would not make any difference.

Gl

Jiffy

I presume that SS wants to go back to BB & the 2 other new sites to take the 30 miles is oil pool out via there 100% owed sites and via a number of different transport links to the refinery.

This is only possible due to the amount of licence land UKOG has adjacent to the HH licence.

All looking good for next week.

670 BOPD would be better as it would set a new record over Wytchfarm.

Is it not surprising that having changed to a larger pump as it came to its limit that they have not rerun the maximum flow test with the larger pump?

Cashman007

The point is the cash behind them is all borrowed & needs to be repaid with interest of 7%.

Hurricane investors will need to wait a very long time for a return with a P.E. of -148 & that presumes that all goes to plan with nothing going wrong or no delays which is very unusual in this high risk industry.

Hopefully not a fools paradise.

Gl.

Argus1

I would be very happy for one of the 2 wells next year to be a return to BB.

DHC

I am an ardent supporter of UKOG & very happy with the progress being made at HH where SS is chairman of HHDL
(& I presume being paid by HHDL for that role although we will never see the accounts of a private company)

All for which I have no issue with.

Where I am concerned as a shareholder is that in his role at HHLD the wider play that you mention is being neglected & planning permissions for next year on100% owned assets are not being secured as promised. (This is a UKOG management issue) & if SS is not able to oversee all of what is going on at UKOG delegation is the art of good management.

Where investors & the market can not believe in what is being said by the company is to the detriment of the company, bringing it into disrepute & will not bring the value accreditation you state IMO.

This may not be the most popular view on this board but I do think it is in shareholders interests especially if SS receives his salary from UKOG on top of what he is paid from HHDL.

Ifonly1

Then once UKOG is producing & the SP is significantly higher than now & Hurricane is about 25p per share you will have been successful.

I look forward to the day.

GL.