Member Info for wizard125

Thanks matteth14 So if all horizons are commercial how do you think they will look to start the production. From HH1, HH2 or both and at which levels from each well. Would they then add the sidetrack at the beginning or after initial production flows?

Willowpillow We are only testing now but the reason that I asked is because UKOG's plans are to drill HH'2 as the Portland producer maybe with a side track. If the answer is yes why can they not produce oil on all levels from 2 Wells?

It may be a stupid question but there seems to be some knowledgeable technical people here so lets see if any are able to give a definitive answer. Supposing that the Portland, Kl 3 & Kl 4 produced at what is considered commercial rates. Would it be possible to extract oil at all 3 levels at one time. (eg. Like an octopus well but only 3)?

I was talking about near Bognor Regis.

Ocelot

I don't know if it is possible to buy a new licence at any stage or not?

But it occurred to me after this comment that the £2 million for an opportunistic purchase could be for a new licence for UKOG & you never know if it would become a new drill site for next year

Wolverine007

As I said yesterday the flow would be lower than was possible as they were bedding in the well and the pump.

It has been started on 2 strokes and has progressed to 4 as of yesterday afternoon wait till it hits 5 or 6.

All looking good for me & if the Portland has better flows than 2016 what can we expect from the kimmeridge?

Looking at how the pump speed was initiated & has now been increased we may still be getting the well settled & ready for the tests. This may seem long winded but better not to rush & cause some damage. It is good to see oil flowing from which we know it's working & will be sold for revenue. GL.

Divide & conquer.

Yorkshire life.

It sounds like mushroom management.

'Shareholders kept in the dark & feed on s**t'

Jptop7

It is much better to see 1,000,000 @ £24,000 than 1,000,000 @£10,000.

I am looking forward to 1,000,000 @ £100,000 & commercial.

If all the moons come together maybe the will all be bought out.

If the Portland, the upper & lower kimmeridge all flow at commercial levels.

How does anyone see this progressing?

Thanks maccy

Two of the big differences between 2016 & now are the pump is now a 475 barrel pump not 350 & the price of a barrel of oil is now over $70 which is a lot higher than before.

The oil price change alone on the same quantity of oil may take it commercial.

One of my biggest questions is if 350 barrels will make the Portland commercial why will 900BOPD not make the Kimmeridge commercial?

Orson Cart

It is up to individuals to purchase how many shares at what price.

The lower you buy gives you more protection once the upside starts.

With all your moaning over the previous months you could have reduced your average.

Mine is 1.48p but it all depends on your buy in prices.

Zebudee

It is helpful that it has flowed before sure and the flow rates are available.

Unfortunately the flows were over a very short period, hence the 150 day EWT.

In the first tests time was short and a maximum of 2000 barrels of oil was allowed to be flowed.

Many question if this flow rate can be flowed again over a longer period without depletion.

Not so many are asking if it can be bettered over the long term flows.

It may be possible but IMO.

There is a lot of potential as a sidetrack can be added and a second well can be Dilled and the planning permission is already in place.

Sarir

Congratulations and good luck.

It looks like it is going to be a year to remember in more ways than one.

I think we have found who was making all the 1,000,000+ share buys.

Number6

Maybe they were just posing for the camera.

It all saves on RNS'S

Well done guys on keeping us all updated & ignore the idiots we know you are all a genuine with your helpful communication's & updates us regularly.

I think the stink is because he can not afford the soap or is a trainee swampie.

Justalearner Unfortunately it has not flowed at rates at this stage that are considered commercial. This is unfortunate as BB is 100% owned by UKOG & the revenue giving cash flow would help pay the bills and give confidence in future operations instead of relying on new investment & dilution to fund future exploration.

Thanks Jiffy