Member Info for wizard125

Great RNS.

The wording is interesting again with no mention drilling HH1z before putting HH2z &HH1 wells into long term production before the end of of the year.

It sets the scene for very high flow rate possibility from the KL3 & KL4 without needing a sidetrack once the taps are opened up.

Joey86

I think your prediction is great & look forward to it but can you tell me when it will happen?

Handy111

You have to realize that Skwizz is a realist ( probably though some tough lessons!). On one part he does not care about the share price on entry only his chance of making his trading persentage.

The second part where he is holding for the long term is a little more interesting in so far as what price he sees in what timeframe & when he thinks that dividends may be paid from this growth company which has come as far as production without any debt.

We know there is potentially plenty of growth from the HH
sites in the licences but also have PEDL143, PEDL234 & the IOW all with great potential.

The question is will UKOG chose to self develop, farm out or get bought out in part or lock, stock & barrel.

The good news is that we have a geologist as our leader who knows what is what & what it means not just a glorified account.

I agree as well.

Its interesting that at the beginning of the flow tests at HH the share price touched 2.93p.

I appreciate that we have also had some dilution but now own more than 85% of the HH licences compared to under 40% at the time as well as the planning for 6 wells all in the bag for production for the next 25 years.

Sesdoc

Maybe you can ask Jaykay1
to teach you some accounting skills as he thinks he has qualifications.

I still would not trust either of you or one word of yours ****amimi posts.

Whoever pays you guys gets very poor value for me money & must be after than the pair of you.

Looking at the UKOG Portland diagram which I believe was from the UKOG presentation shows the sidetrack as 750m.

https://mobile.twitter.com/EyesOnThePriz12/status/1180450463935799298/photo/1

I understand that the sidetrack is actually being drilled to 1000m now, having a perforated steel liner with the diagram showing perforations which look as if they are from a perforating gun.

This should all help increase the amount of BOPD flow rates.

I am looking forward to some good news in the not to distant future.

Mirasol

That's a interesting comment but what is your average share price?

That's great .

So if I understand correctly any oil in the slotted liner section will get recovered by the pump?

Many thanks Ibug.

I am sure that will help many like myself who don't have a great technical understanding of how a wells are drilled & can be made to produce oil.

Pboo

Many thanks.

I thought as they had origalally perforated the Portland with the charges & then reperforated it during the EWT. that it was needed regardless.

Ok, but once the casing is put & cemented in does the perforation gun not then go in to make the perforations to allow the oil to flow?

Thanks Ibug

I did know that what I don't know is the length of the perferated section within the 1000m sidetrack.

The perforated section in the vertical well is only 38m.

This gives a potential 25 × the amount of area to connect with oil.

Please let me know if UKOG have said as I have not seen it in a RNS yet.

Tony

I thought the current Portland perforations were 113 feet or 38m.

If the new sidetrack is 1000m long how much of this will be perorated as there is potentially 25 times the amount of perforations in 1000m.

Baits

That's an interesting point over 3% the major shareholder here needs a RNS for the trade or not?

Sting69

They are probably monetising to invest in in other companies that are about to make it big.

Patients requires here as Brocal was told a few weeks ago 'we will talk about what didn't happen at West Newton in in another month by poster Sanderson. ( But did he listen?)

Maybe a opportunity missed maybe not!

I see that planning condition 8 of SCC is now being met by the oil tanker company as the tanker should not cross the white line into the right hand carriageway as it accesses the HH site.

Well done keep it up for safety!

There is a interesting tweet on Twitter this morning that Dorrimus has not contributed to the HH cash call & it's share of HH has reduced from 4%to 2.6%.

I wander what percentage Alba will be left with?

oilybloke

I applaud your thoughts & sentiment & also look forward to a successful outcome for UKOG & it's shareholders.

I wander if Penguins will join us?

UKOG drilling seems to be coming just in time.

This will help.

https://www.thisismoney.co.uk/money/markets/article-7521841/Petrol-price-threat-Saudis-warn-tensions-Iran.html

phil7390

Maybe they want to see if the HH2 well has the same geological connection in the vertical pilot hole covering the KL3 & KL4 layers.

If it did & was able to flow 1000 BOPD they may not need a sidetrack unless the 3500 BOPD limit is increased.