Solo Oil Share Discussion Threads

[gpback] 09/4/2016 09:31

Solo Oil has finally turned on the taps at the Kiliwani North gas field,

[c31161] 09/4/2016 08:18

NUTECH completes third phase of flow test at Horse Hill-1 discovery4/7/2016HOUSTON -- NUTECH has announced that the third phase of the flow test for the major international oil discovery it identified in a report to UK Oil & Gas Investments (UKOG) has been completed. Following the completion of the flow tests, the Upper and Lower Kimmeridge limestone intervals of the Horse Hill-1 well in the Weald basin are producing at a combined average stable rate of more than 1,360 bopd, and the HH-1 Portland test flowed at a stable dry oil rate of 323 bopd, bringing the final total aggregate stable dry oil flow rate from these intervals to stand at 1688 bopd-likely the highest aggregate stable dry-oil flow from any onshore UK new field wildcat discovery well.Both the Upper and Lower Kimmeridge limestone intervals are producing light, 40-degree API, sweet oil flowing naturally to the surface, without pumping, at an average stabilized rate in excess of 900 bpd from an 88-ft aggregate perforated zone at a depth of approximately 840 m below ground and in excess of 463 bopd from an 80-ft zone at a depth of approximately 900 m below ground level, respectively. The final Portland test of 323 bopd, over an 8.5-hr period, was produced at maximum capacity and showed no clear indication of completion and has the potential to be further increased using a higher capacity downhole pump during the next planned test.After being appointed independent assessor of the HH-1 well by UKOG in Jan. 2015, NUTECH used its proprietary NULOOK petrophysical analysis solution, a process which uses conventional open hole well logs to analyze the texture of the tested reservoir rock, to provide the Company with a report identifying the Horse Hill Upper Kimmeridge formation as holding approximately 72% of OIP. In June 2015, NUTECH's preliminary assessment of the HH-1 well was confirmed in a report issued by Schlumberger, estimating the overall oil in place (OIP) for the Jurassic section to be even more impressive than NUTECH's early projections."Our extensive experience, paired with our proprietary petrophysical technologies, allowed us to confidently predict an accurate volume estimate for the Horse Hill-1 well from our initial assessment," said Allen D. Howard, executive V.P. and COO, NUTECH. "The completed flow test has yielded extremely positive results allowing this well to have one of the highest performing wildcat test rates in the history of wells drilled onshore UK. We are pleased to have been a part of proving the exceptional significance of the HH-1 well for not only the Weald basin, but for all of the UK, and look forward to continuing to work alongside the contracted alliances as long-term production tests are conducted."NUTECH has been commissioned to investigate a possible upgrade to the OIP calculated within all three test zones together with engineering studies to examine possible flow rates from a horizontal well. Further analysis of data is ongoing and will be reported once available.

[1bonanza] 08/4/2016 16:25

UKOG flying were diving !!!

[bigsi2] 08/4/2016 16:25

How Appraise OIP? With what funding??6B shares now in issue that's a clue-Past performance in this case seems very much an indicator of future gains (read losses)

[football] 08/4/2016 15:44

never minded farm in I think we will make more money buying a farm

[c31161] 08/4/2016 15:13

I think we need a farm in to get this moving again

[come on] 08/4/2016 13:56

Interesting times, we just need the total oip and we are off and running

[football] 08/4/2016 13:30

from ukog thread


parthus 8 Apr'16 - 13:23 - 2647 of 2647 1 0

NUTECH completes third phase of flow test at Horse Hill-1 discovery

4/7/2016

HOUSTON -- NUTECH has announced that the third phase of the flow test for the major international oil discovery it identified in a report to UK Oil & Gas Investments (UKOG) has been completed. Following the completion of the flow tests, the Upper and Lower Kimmeridge limestone intervals of the Horse Hill-1 well in the Weald basin are producing at a combined average stable rate of more than 1,360 bopd, and the HH-1 Portland test flowed at a stable dry oil rate of 323 bopd, bringing the final total aggregate stable dry oil flow rate from these intervals to stand at 1688 bopd—likely the highest aggregate stable dry-oil flow from any onshore UK new field wildcat discovery well.

Both the Upper and Lower Kimmeridge limestone intervals are producing light, 40-degree API, sweet oil flowing naturally to the surface, without pumping, at an average stabilized rate in excess of 900 bpd from an 88-ft aggregate perforated zone at a depth of approximately 840 m below ground and in excess of 463 bopd from an 80-ft zone at a depth of approximately 900 m below ground level, respectively. The final Portland test of 323 bopd, over an 8.5-hr period, was produced at maximum capacity and showed no clear indication of completion and has the potential to be further increased using a higher capacity downhole pump during the next planned test.

After being appointed independent assessor of the HH-1 well by UKOG in Jan. 2015, NUTECH used its proprietary NULOOK petrophysical analysis solution, a process which uses conventional open hole well logs to analyze the texture of the tested reservoir rock, to provide the Company with a report identifying the Horse Hill Upper Kimmeridge formation as holding approximately 72% of OIP. In June 2015, NUTECH’s preliminary assessment of the HH-1 well was confirmed in a report issued by Schlumberger, estimating the overall oil in place (OIP) for the Jurassic section to be even more impressive than NUTECH’s early projections.

“Our extensive experience, paired with our proprietary petrophysical technologies, allowed us to confidently predict an accurate volume estimate for the Horse Hill-1 well from our initial assessment,” said Allen D. Howard, executive V.P. and COO, NUTECH. “The completed flow test has yielded extremely positive results allowing this well to have one of the highest performing wildcat test rates in the history of wells drilled onshore UK. We are pleased to have been a part of proving the exceptional significance of the HH-1 well for not only the Weald basin, but for all of the UK, and look forward to continuing to work alongside the contracted alliances as long-term production tests are conducted.”

NUTECH has been commissioned to investigate a possible upgrade to the OIP calculated within all three test zones together with engineering studies to examine possible flow rates from a horizontal well. Further analysis of data is ongoing and will be reported once available.

Related News ///

FROM THE ARCHIVE ///

[m0rrisminor] 08/4/2016 13:18

Just a thought all our investments are about to receive payments from tanzani also HH will come on line and IOW . Now I don't no about any other company that has such a good portfolio going forward , and to perfectly honest I have invested in desire petroleum and Phipps said its oil but
Low and behold water.

This is aim market so don't forget I I won't invest till they see the results going forward it is the PI who makes the initial start so basically high risk high reward that's why I invest in solo alba and sound energy.

Gla.

[rich2006] 08/4/2016 11:38

Rubbish
Solo is a small cap investment company, sentiment is key to being able to raise funds when required.

[rich2006] 08/4/2016 11:01

Have you thought that he couldn't
With the oil price collapse,the issues at lgo, the campaign
by the pizza parlour boys, the constant delays in Tanzania and the
farm out fiasco. Imo all made it difficult for nr to raise funds
At a decent level.
If you look at how the share price reacted at all the horse hill companies
Solo probably was the one that rose the least.
If you want to blame anyone blame the pizza parlour boys for their
Lenigas campaign imo, they are such hypocrites, slag lenigas off but
Never a bad word about Andrew bell(redrock&rgm)

[simon8] 08/4/2016 10:33

Yes... It's the NR factor... F*ing donkey, I would love to see him go, but unlikely to happen or get any future assurances so Rossannan expect him to do the same at some point in the future, just glad he hasn't operatorship of the actual assets, if he did I'd be out very quick....he's a total liability.

[1bonanza] 08/4/2016 10:33

I have emailed NR asking him all of these questions, no reply!!I wouldn't be at all surprised if there is another dilution to bring us up to 10% This is true theft from our pockets.

[c31161] 08/4/2016 10:18

I find the dilution very naive, we could have borrowed short term on the strength of HH payed it back with revenue for gas sales, once you dilute you give away part of the company and you never get it back. If they did negotiate a loan facility the share price would have gone up if anything. If dilution was the answer they could have loaned money and diluted at over .5 because the share price was bound to reach that level IMO

[ride the wave 1] 07/4/2016 19:48

Leg is getting re-rated and the fundamentals are rock solid . Transformational news is due this month so read through the rns and make your own mind up because it will multi bag imho

Watch this CEO interview from 3 weeks ago :-



GLA

[doerx2] 07/4/2016 16:40

Football, you are having a giraffe. That's like trying to get the FCA to do something legal ffs