Uk Oil & Gas Share Discussion Threads

[moneymunch] 06/11/2017 16:35

Log head....that photo was taken with very large telescopic lens camera by a bloke standing on top of his SUV....otherwise all you see is the top of the crane through the trees...the crane is integral to the rigless flow test operations.

[nicebut] 06/11/2017 16:34

Ok yours is probably a month or two ahead- As I said a future price.

[judijudi] 06/11/2017 16:30

amr and co
Superb call's
Yet again

[loglorry1] 06/11/2017 16:30

Money Munch on the latest pictures the crane is not poking out the top of the trees. The bottom of the crane is clearly visible. The snubbing unit if it was there would be visible too. Send some of your minions down to take some photos.

[moneymunch] 06/11/2017 16:29

Forward Operations

Upon delivery of further testing equipment, scheduled for the end of this week, the current completion assembly will be removed and, as previously announced, a more finely focussed and optimal test plan implemented. The planned programme is as follows:

-- Firstly, proceed ahead to isolate, acid-wash and sequentially flow test multiple 30-100 ft existing perforated zones in the naturally-fractured KL1-KL4, and then;

-- Perforate further naturally-fractured limestone reservoir zones in the KL1, KL2 and KL3, isolate, acid-wash and sequentially flow test multiple 30-100 ft zones, and finally;

-- Conduct a short cement squeeze in a section of the KL4/KL5, run a new cement bond log, re-perforate the newly cemented section, isolate, acid wash, and sequentially flow test multiple 30-50 ft zones.

-- Flow will be initiated throughout the programme via the use of nitrogen-lift (without coil tubing), swabbing and/or pumping via the existing high-capacity linear rod pump

Testing is planned to continue until mid-December 2017.

Stephen Sanderson, UKOG's Executive Chairman, commented:

"In the Company's view, the volume and nature of the oil and gas recovered to date from the Kimmeridge proves that BB-1z contains a continuous oil accumulation some 1400 ft thick. The near identical reservoir characteristics seen at both BB-1z and HH-1, some 27 km apart, show this accumulation is laterally extensive over much of the Weald Basin. UKOG as the largest licence holder in the basin is in a prime position to exploit this resource.

This proof of geological and scientific concept is a major achievement and has significant positive implications for the prospectivity of PEDL234 and our extensive licence holdings in the Weald. Our focus now moves to delivering further proof that BB-1z can deliver both commercially viable rates and volumes of oil to surface.

The test results to date are technically significant and highly encouraging and I am confident that the more finely focussed and optimised testing plan can establish commercial viability."

[moneymunch] 06/11/2017 16:27

You can only see the top if the crane poking out above the tree line....

[nicebut] 06/11/2017 16:26

No they are live....

My chart is moving at same time as yours...too- just yours is at a higher parameter. I`ll find out.

[moneymunch] 06/11/2017 16:23

Your prices are obviously delayed you pillock....Brent now at $63.40 and rising....all bodes well on confirmation of commercial flow....BB's extraction costs estimated at $21 a barrel....Ker-Ching!!! Gla holders News from BB at anytime. ;-)

[loglorry1] 06/11/2017 16:20

Money Munch snubbing units are large. Why when the crane is clearly visible has nobody posted a picture of the snubbing unit. They should look like this....

[nicebut] 06/11/2017 16:20

Not having a great deal of effect though is it...5.2% down so far.

I guess there is no ker changing going on as there is nothing to sell.

[nicebut] 06/11/2017 16:16

Yes Gordon Gecko I know its live but what Brent future is it? Jeeeez. How come there`s a discrepancy?

[trapissed monk] 06/11/2017 16:12

We know they are not using rig system.it's in the rns.

[moneymunch] 06/11/2017 16:11

Brent now at $63.24 and rising.....Ker-Ching!!!

[judijudi] 06/11/2017 16:11

MM,
"I would say they were mostly out of the well on the 29th, it is a much slower operation compared to a rig, but likely they were on with this a good few days before the drone footage, I would expect a further week - 2 weeks to get back to N2 Lifting etc. consider that this will not be done after dark, so it is a short working day really. It should still give them at least 4 weeks to Lift and test up to mid Dec"

So news is not imminent?

[moneymunch] 06/11/2017 16:09

The clue is the name you pillock...Brent LIVE Charts

[nicebut] 06/11/2017 16:05

Funny, the IG Brent price is $62.86- I guess yours is some kind of future is it?

[moneymunch] 06/11/2017 16:02

Lol judi drip...and you would know....you smug snide clever b'stard.




Well it looks like the drone footage from the 29th Oct (Drill or drop) shows the well is actually well into workover operations. 

I suspect they are using Snubbing unit hydraulic lift and slip systems to retrieve the completion, with the crane basically handling the tubing as it comes out and laying it down (not pulling, just handling).

So they are not using a rig, but are using a snubbing Workover package type operation to work over the completion etc.

I would say they were mostly out of the well on the 29th, it is a much slower operation compared to a rig, but likely they were on with this a good few days before the drone footage, I would expect a further week - 2 weeks to get back to N2 Lifting etc. consider that this will not be done after dark, so it is a short working day really. It should still give them at least 4 weeks to Lift and test up to mid Dec. but i expect most of the effort will be on full Kim testing.

They are using the crane to handle the tubing as it is pulled with what are Snubbing unit hydraulic lift & slips package. The Snubbing Lift and Slips are doing the work not the crane.

[judijudi] 06/11/2017 15:59

Hey MM,
Is it true that you think that the Crane which is still above the well is a sign of good news due?

[markycrispy] 06/11/2017 15:49

Anyone not filtered Nicebut yet he seems to be talking to himself

[nicebut] 06/11/2017 15:47

No it hasn`t.

[moneymunch] 06/11/2017 15:43

Brent's just hit $63 plus.....Gla :-)

[ccr1958] 06/11/2017 15:43

I`ll ask again have you opened your short yet fb ?