Member Info for wizard125

The Motley Fool went with Woodford & sirus minerals over UKOG earlier this year where are they are now?

The motley fool, the penguins, the trolls all seem to be admiring defeat one RNS by one.

Now against all the post over all the years UKOG will have a positive P/E ratio all with no debt or loans.

Liars & Hpyacrites imo

Thorpedo

Nothing new there then.

I don't expect anything different from this poster so do not waste my time or effort engaging.

Troll is troll just filter.

After 1 maybe 2 Portland wells are sidetracked by for the Portland CPR.

Tymers

I think it will depend on the well drilling order & the Portland CPR.

Undoubtedly we are moving forward on the right path with SS playing his cards very close to his chest.

This is still very early days of building the growth company UKOG will become over the next 10 years from these foundations. Imo

GL to LTH

https://www.fool.co.uk/investing/2019/10/15/forget-the-ukog-share-price-heres-what-id-buy-instead-for-2020/

Is Penguins is a undercover agent?

Hi Chris

I think it is planned for 20 November.

trollhunter2

That would be great to see but I think that they will need to drill the well cellar first for HH3 unless HH1 was changed to the second Portland well & sidetracked.

zoom

If you think that the HH2 drilling will be complete by 27.11.2019 do you think that the rig will move to HH1 to drill the HH1z
sidetrack?

UKOG communications seem a little unclear as I understood that they had previously said HH1z & HH2z would be put into long term production aiming for 2000 BOPD production by the end of 2019 this may be because they did not want to say HH1z would be drilled as any delays on HH2z could cause problems with the rig contract length or a change of plan.

It is a little confusing unless they believe that the HH1 vertical well can achieve 1000 BOPD from KL3 & KL4 once the chokes are opened up.

Insidious

Then I am looking to the TR1's flowing in.

At the moment I don't know that we have any serious II investors.

Insidious

The question is will they take the risk of preempting a CPR?

Motley Fool says no.

That a big conspiracy theory.

How do you think you could substantiate it.

Apart from the flow rates which seem minimal due to the fractures closing up on pressure draw down.

This has been put down to asidisation of the well which is a standard practice & was also done at HH where it has not had any adverse affects.

I believe UKOG have clearly stated that no further asidisation will be done within the Weald in any future drills.

I also understand that this process was used at Brockham.

Great news,still no mention of water in the core samples?

That may be correct Ibug but would that pipeline be capable of providing a spur link into the new corridor being built to send oil downstream?

It's interesting that ESSO drilled the original Collandean farm oil well back in 1964 & that there pipeline runs directly by the HH site proved by there pipeline markers more than a little coincidence imo.

Link reposted:

https://www.getsurrey.co.uk/news/surrey-news/esso-reveals-final-route-proposed-16039777.amp?__twitter_impression=true

Ninetails

It was not FOTH that raised the pipeline issue.

I raised it here posting a link from another twitter poster which I found on FOTH twitter page about the proposed new ESSO pipeline.

It seems that the existing ESSO pipeline runs a few u
hundred metres from the HH site.

The new pipeline corridor is set to be developed 20-30m wide only carrying a 20 cm pipeline.

This may have the potential for a second pipeline in the existing corridor running to the refinery.

Time will tell but obviously oil transportation is a problem that needs solving to scale & grow HH.

What needs to be understood is the perception that a decreasing amount of oil & production at HH is having.

To clarify the current maximum production allowed will be 3500BOPD which divided by the permitted oil tanker size of 220 barrel is 15.9 tankers per day or equal to the 32 maximum in & out permitted per day.

Furthermore this amount of tankers is set to reduce, which is giving posters like Penguins what he would claim is a legitimate argument for well & oil flow depletion & saying that the Kimmeridge is dead & will not be developed which is based on tanker transport figures from the planning documents issued by UKOG.

The key question is are there other plans so to speak in higher & longer production & transportation of that oil, (In the pipeline), (In the train leaving the station), ( In more daily tankers), (In more sites within the HH licences with there own transport incorporated)?

The pipeline corridor which carries the 20cm pipeline to the airport could be 20-30m wide leaving lots of room for others in either direction.

If the HH2 pilot hole is only to the Portland level do you think HH1z will be drilled as well as it is unclear from UKOG communications which state HH1 not HH1Z will be in production by the end of the year.

By the middle of October the sidetrack drill could begin on HH2Z so everything is possible.

Go UKOG go.