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Even if the EWT on the Portland is only 2 tankers a day and we have 1 tanker from the KL layer making 3 tankers then UKOG is worth more than 2p a share.IMO. So I will wait because I know the EWT will be good if not fantastic. All In My Own Opinion.
GLA.
Everything looks good to me. What has not been taken on board yet is how significant is the fact that SS has decided not to drill the total 3200 ft.That tells me that the Portland layer is super fractured and there was no point in drilling further as the natural oil flow was getting to the horizontal anyway. In the future I expect that any horizontal would be far shorter than this well. The word significant is IMO confirming the fact that we will achieve quite a few tankers a day when testing starts.
GLA.
IMO. No wire line log is needed for the horizontal, for what we will have is what we have got .The slotted liner should go straight in after the total depth is reached. I do not know what method will be used to get the slotted liner to the total depth, it could be using the coiled tubing way.
GLA.
It appears that Adrian,s ESP is working well this morning for him to notice a new Irish nurse attending. I think we should ask the surgeon who did his work over to come to HH and sort us out. I wish Adrian a very speedy recovery, and if he can read this post, DO NOT WORRY ABOUT HH AS YOU HAVE DONE YOUR FAIR SHARE FOR UKOG.
GLA. and mainly FOTH.
To FOTH, or Adrian I hope you make a full recovery and I wish all the best for your family who I know must be shattered at this time. The best Christmas present for family and for all of yor friends will be when we hear you are well once again. GOOD LUCK ADRIAN.
I notice that earlier we had what IMO was 2 more tanker loads of fresh water onto HH. That will suffice with what we have on site to mix with our Barite and should be enough to virtually complete the horizontal drill. This would depend on the size of the fractures and how much drill fluid we would lose. This again shows we are on track and should be doing that drill any time from now..
GLA.
GLA.
Todays, RNS was right on time. I now await the arrival of the wire line logger, and then we will fly. If the drill program goes as I think, then by the 27th of this month we will be all done. This is my opinion based on the fact we need not to core any longer. This is IMO only and should be read as that.
GLA>
SS did not pluck 15 tankers a day out of thin air. SS and team are capable of working out themselves the likely oil production. Our production at 15 per day will be nothing to what we can produce from the Sandstone and KL layers together. This share IMO can only rise when it dawns on more people how clever SS and team are.
Its going to be upwards from here. IMO.
GLA.
Toney 13579. You are spot on with your post. I was being conservative , for fear I would arouse the de-rampers. If I was to value our company based on oil and licences it would be multiples of 2p or where it is now. IMO.
GLA.