Uk Oil & Gas Share Discussion Threads

[moneymunch] 25/2/2016 21:50

and Brent back to $35 plus.....gl :-)

[moneymunch] 25/2/2016 21:48

and Schlumberger showing the way...gl :-)

[beebong1] 25/2/2016 20:56

Now this is what you call an oil well!!!

Drilling went beyond 10 km in UK's Wytch Farm
Jan 26, 1998 01:00 AM
Anadrill has played a major role as directional drilling, measurements-while-drilling and mud logging contractor for the BP and partners' Wytch Farm extended reach drilling project in achieving the world's longest stepout while drilling the field's M11SPY well.
Anadrill also provided well planning services with associated drilling engineering support at Wytch Farm.
The 33,181-ft (10,114-m) stepout was the first to break the 10 km barrier and exceeded the previous record by 6,729 ft (2,051 m). The M11 well, which took 173 days to drill and case, reached a total depth of 34,967 ft (10,658 m). True vertical depth at total depth was 5,266 ft (1,605 m).
As directional drilling and MWD contractor, Anadrill provided downhole tools and services, including PowerPak(a) motors, CDR(a) Compensated Dual Resistivity tool with annulus pressure measurements, ADN(a) Azimuthal Density Neutron tool and Powerpulse(a) MWD tool with downhole weight-on-bit, torque and multiaxis shock measurements.
The logging-while-drilling string in the hole on the final run also set a record for the deepest MWD triple-combo transmission, breaking the old record, also held by Anadrill, by nearly a mile. All recorded data were successfully retrieved, breaking the recorded LWD record by more than 4,000 ft.
The M11 well is the 14th extended reach well drilled since BP and its partners began the Wytch Farm project in April 1993. It was drilled as part of the Stage III development of the offshore section of the field's Sherwood reservoir, for which BP received the Queen's Award for Environmental Achievement in April 1995.
"The enthusiasm and energy imported by our contractors, such as Anadrill, on this project have been truly impressive. Without it I doubt we could have even contemplated going for the 10-km target," said BP Drilling Project Manager Paul Tooms.
"At times it was pretty tough going on M11. But we have learned so much that doing it again would be a lot easier and cheaper. Indeed it has opened up possibilities that we hadn't previously considered seriously."
The Wytch Farm oil field, located on the South Coast of England, is the largest onshore oil field in Western Europe, producing some 100,000 bpd from the Sherwood Triassic and Bridport Jurassic sandstones. Half of the recoverable reserves extends offshore, under Poole Bay.
BP originally planned to develop the field's offshore reserves by building an artificial island at a capital cost of $ 260 million, with the first oil forecast for 1996. However, in late 1991, the company concluded that extended reach drilling could reduce capital expenditures by 50 % and advance the first oil by three years to 1993 and opted for that alternative.
Tooms added, "Demonstrating that it is possible to drill to such an extended reach opens up options to reach oil deposits economically elsewhere in the world -- the implications are huge."
The Wytch Farm oilfield is operated by BP Exploration on behalf of its partners, ARCO British Ltd, Premier Oil Exploration Ltd, ONEPM Petroleum, Clyde Petroleum (Dorset) Ltd and Talisman North Sea Ltd.
Anadrill's core product lines are directional drilling and MWD/LWD. Anadrill is an operating unit of the Schlumberger Oilfield Services.

[yajnas01] 25/2/2016 20:37

how are these tweets legal?!

[moneymunch] 25/2/2016 20:20

Lol Tommytwit, it's well documented, and HH and the area could potentially be far bigger. Gl...a BIG BLUE day tomorrow imho. :-)


Production grew from 4,000 to 6,000 barrels per day (950 m3/d) (bpd) by 1984[12] and eventually peaked at 110,000 bbl/d (17,000 m3/d) in 1997; by 2002 this had declined to 50,000 bbl/d (7,900 m3/d).[5] In 2002 it was estimated that the field contained reserves of 65.40 million tonnes of oil (479.6 million barrels), 4.73 million tonnes ofnatural gas liquids and 1.42 billion cubic metres of natural gas[13] that will last until 2020 and 2025 respectively.

Oil is also transported to Wytch Farm for processing from two smaller Dorset oilfields, Wareham (discovered in 1964) by pipeline and Kimmeridge Oil Field(discovered in 1959) by road.[14]

Oil is piped about 91 kilometres (57 mi) from Wytch Farm via Fawley ;to a terminal on the far side of Southampton Water at Hamble, for export by tanker. Natural Gas (methane) is piped to Sopley, north of Christchurch, for use in the national domestic gas supply network. Smaller quantities of liquefied petroleum gas are transported by road.[14]

[moneymunch] 25/2/2016 20:15

Ps UT, the the area covered by the Wytch Farm reservoir is tiny compared to the extent of the Weald Kimmeridge interval, and so if oil saturated throughout, then its prospectivity could be immense, as per Nutech and Schlumberger's multi-billion barrel assessment. Gl :-)


Wytch Farm in Dorset is in the heart of an Area of Outstanding Natural Beauty. But you would be forgiven for not knowing the largest oilfield in western Europe is even there.

Nestled in a pine forest near a nature reserve and on islands off Poole Harbour, the oilfield owned by French company Perenco has been quietly producing thousands of barrels a day since the late 1970s, by means of a form of fracking called 'water injection', also known as 'water flooding'.

At one point the oilfield had the longest horizontal drill in the world and has regularly pumped water into wells to “fracture̶1; the rock and force out oil and gas.

Academics say that this so-called “fracking̶1; has been used on 200 wells across the UK over the last 20 years or so.

[moneymunch] 25/2/2016 20:04

WE HOPE SO CAUTIOUS7. .....and not too long to find out, for the first stage of the take off. Gl :-)

[cautious7] 25/2/2016 19:52

HI GUYS

IS THIS share price TAKING OFF SOON??

ATB, GLA DYOR HNY

LOL

[beebong1] 25/2/2016 18:19

$ not £

UKOG has entered into an unsecured US$10 million debt facility to be provided by YA Global Master SPV Ltd ("YAGM") to fund further investment in the UK oil and gas sector in accordance with the Company's investing policy (the "YAGM Facility"). Any drawdowns by the Company under the YAGM Facility are to be repaid in twelve equal monthly amounts ("Monthly Repayment Amount") and carry an annual interest rate of 10 per cent.

UKOG is entitled to pay the Monthly Repayments Amounts either in cash, or at the Company's sole election, by means of conversion of the Monthly Repayment Amount into new ordinary shares, to be issued at a conversion price equal to 95% of the average of the lowest 5 daily volume weighted average prices ("VWAP") during the 15 trading days prior to the scheduled repayment date.

All drawdowns under the YAGM Facility are subject to the prior approval of YAGM.

The Company has drawn down US$1 million under the YAGM Facility, which is repayable at the rate of US$83,333 per month on or before 1 November 2015, together with accrued interest.

[moneymunch] 25/2/2016 17:17

Lol Ukog have got more cash than most, c£8 million in the bank in November, and a £9.6m drawdown facility from Yorkville if required.....having said that, if they confirm HH a Major World Class Discovery, any future placing would no doubt be at a massive premium from today’s share price and/or they will also have plenty of suitors who will want to farm-in for top dollar:....gl :-)

[ayesha4] 25/2/2016 17:10

That's what worries me here. Dilution.

[temmujin] 25/2/2016 16:58

stellar are fund raising again..looks like they want to buy more of the weald basin gushers before anyone else gets a look in

[football] 25/2/2016 16:49

and in 2 years time oil could be $100+ again

[cupra kid] 25/2/2016 16:39

lol, wetdreams now talking about production!!! Make your mind up!

[wetdreams] 25/2/2016 16:27

As ss said in the interview lots of red tape to get into production which could take two years .lots of cash needed ..

[beebong1] 25/2/2016 16:26

bambuser.com/v/6122781

Amazing. So much interest in a couple of minicons.

bambuser.com/v/6122726

BioMarsh tanker going in so could come out with waste water or oil. Indicates to me that things are about to happen or have happened at level 2. Clue will be tanker leaving with orange W3 placard or non-hazardous placard showing.

[moneymunch] 25/2/2016 16:21

Lol....buying into close.....just as I expected. ...gla :-)

[moneymunch] 25/2/2016 16:08

Looks like Ukog's CEO is lined up for another interview with Zak Mir tomorrow, and so hopefully an Rns 7am with latest flowtest data from the Upper Limestone. Massive upside potential on more good news from HH, hence tomorrow's interview. Gla :-)

[football] 25/2/2016 16:05

wetdreams do you expect every share to go up in a straight line of course there will be days when profit-taking or the share just treads water is not where the share price is in a hour or so it's where it is next week or even next month that matters, commenting on every fraction of a percent it falls like the end is near helps no one especially people who have a shorter's agenda

[moneymunch] 25/2/2016 16:04

Lol wetfart....you've spent weeks expecting sub 1p.....remember??? Pmsl...:-)

[wetdreams] 25/2/2016 15:59

Looks like the retrace has started..lots of sells .just as I expected..

[aslamqadri] 25/2/2016 15:28

huge order being filled ?

[ibug] 25/2/2016 15:26

More traffic at HH---waste water tanker and HGV leaving with a few tanks on board.

At this rate maybe both the upper levels are being tested.