Uk Oil & Gas Share Discussion Threads

[beebong1] 05/7/2016 20:37

In those days would you test every single oil show? There were 9 oil shows on the logging so they only tested what they thought to be the best. If it hadn't been for Schlumberger they would never have tested the Kimmeridge.
Not all of the data. Some of the data as the original data did not find saturated Kimmeridge Clay. In fact, I reckon you would be hard pushed to find any mention of the oil saturated Kimmeridge Interval in any RNS. Yet another figment of your imagination.

[moneymunch] 05/7/2016 19:48

Esso didn't flow test the limestones you numptie!!!

The Horse Hill prospect is a horst block bounded by downthrown to the north faults which are clearly seen on recently acquired and processed seismic data. It is believed that the Esso Collendean Farm-1 well, drilled in 1964, without the benefit of more recent seismic data intersected the prospective reservoirs on the downthrown side of the bounding fault and failed to test the prospect within closure. The Collendean Farm-1 well, however, reported good oil shows throughout the Jurassic reservoir interval and was terminated at 5,760 feet MD (5,483 feet TVD ss) in Liassic age rocks.

[moneymunch] 05/7/2016 19:45

THe Kimmeridge Interval is OIL SATURATED according to all of the data!!!

Limestone and Shale Oil Plays

Geochemical analyses of over 250 samples indicate that the HH-1 well penetrated a very thick 1500ft section of world-class, thermally mature, OIL SATURATED source rocks in the Kimmeridge section. The source rock shales encase three Kimmeridge Limestones reservoir units. Further thermally mature shale source rock sections were encountered in the Oxford Clay and Lias shale sections.

Electric log analyses performed by Nutech, utilising all geochemical, and rock calibration points from the HH-1 well, strongly indicate that the Kimmeridge contains a potential oil pay section of over 300ft with a further 73ft of potential oil pay in the Oxford and Lias.

[beebong1] 05/7/2016 19:35

ukogl.org.uk/map/php/seismic.php?type=colour&line=20212&name=ESO-021(1)

This is the 2D data closest to Collendean-1 and HH-1. Clear as mud!

[beebong1] 05/7/2016 19:15

Chevron, Exxon to Put $36.8 Billion More Into Kazakh Oil Project

www.nasdaq.com/article/chevron-exxon-to-put-368-billion-more-into-kazakh-oil-project-20160705-00204#ixzz4DYeVBHRs

The Kimmeridges Clay oil shows at Collendean-1 were 2650 feet - 2750 feet and 2850 feet - 2950 feet.

ukogl.org.uk/map/php/images.php?subfolder=wellslogsums&filename=528.JPG

So much for "oil saturated Kimmeridge Interval".
I really do despair at some of the comments made in pure ignorance.

"Preliminary analysis of samples from the Kimmeridge Clay immediately below the Portland Sandstones, in a section which also contains oil shows and multiple limestone sections individually up to 105 feet in thickness (refer RNS dated 16 October 2014), have higher than expected oil source potential with a measured total organic carbon content ("TOC") of over 5% by weight. The operator continues to investigate the conventional potential of the Kimmeridge Limestones in a possibly analogous situation to the nearby Balcombe oil discovery."

[moneymunch] 05/7/2016 18:43

ps funky.....and Esso didn't drill deep enough....they missed the oil saturated Kimmeridge Interval with it's free flowing limestones....Gla holders ;-)


The Horse Hill prospect is a horst block bounded by downthrown to the north faults which are clearly seen on recently acquired and processed seismic data. It is believed that the Esso Collendean Farm-1 well, drilled in 1964, without the benefit of more recent seismic data intersected the prospective reservoirs on the downthrown side of the bounding fault and failed to test the prospect within closure. The Collendean Farm-1 well, however, reported good oil shows throughout the Jurassic reservoir interval and was terminated at 5,760 feet MD (5,483 feet TVD ss) in Liassic age rocks.

[moneymunch] 05/7/2016 18:12

Lol funky, there's a Tesco's superstore down the road from HH with a petrol forecourt, and every chance that test oil from HH that was sent to Fawley has already been pumped into the petrol tanks of cars up and down the country including Tesco's customers around the corner.

ps another link to Esso was used by RGM's broker, or are they irresponsible as well??? lol ;-)

[moneymunch] 05/7/2016 18:05

Cheers l.hetero....i'm merely speculating on my investment, because of so much potential transformational upside if all comes good, by highlighting information that may or may not be relevant. We don't need a major, and i'd prefer Ukog to grab some more of Mpet's 35%, as the more Ukog owns the returns in the long run will be far greater for those invested if the recoverable bankable reserves are confirmed, although without a doubt near term....any early move by a Major would send the share price skywards!!!......Mpet is desperate for cash and they currently hold 35% of HH and so the timing of their upcoming special shareholders meeting could be highly relevant to proceedings....gl ;-)

[funkmasterp12] 05/7/2016 17:56

(Pun intended)

[funkmasterp12] 05/7/2016 17:55

Hmm, no. It's using the name of another company irresponsibly to suggest some sort of link. The only link to Esso is that they drilled a failed well in the 60s on a neighbouring field, and they have a pipe over the road. You might as well try and link UKOG to Tesco, there's probably a Tesco Express down the road.It's that sort of ramping I cannot stand - blatant lies to try and get one out of a hole.

[lithological heterogeneities] 05/7/2016 17:47

MM,

Thx for info re: Wednesday, July 13, 2016.

could prove to be a very interesting day.

[lithological heterogeneities] 05/7/2016 17:45

Very good spot MM.

very interesting and makes a lot of sense.

funky,
BP do not have a pipeline at HH whereas Esso do. So it is very relevant while BP is not.

[beebong1] 05/7/2016 17:43

Looks to me like some are having 2nd thoughts about their investment. The share price could well be subject to a “General Winter” with massive casualties. Unless they get the proverbial digit out they will still be at the same stage in 2 years time IMO. GLA ;O)

ConocoPhillips are the biggest but I can't see any major coming in.

[moneymunch] 05/7/2016 17:37

Lol any Major will do funky, but Esso has the pipeline, the refinery and therefore could be interested in the oil.....if it matches Nutech and Schlumberger's multi-billion barrel assessment.....Game, Set and Match.....as they say........gla holders ;-)

[funkmasterp12] 05/7/2016 17:31

BP is another name of an oil company.

That's about as relevant as your last three posts.

[moneymunch] 05/7/2016 17:27

Oil Pipeline

An underground oil pipeline currently runs through the
site. Work is shortly due to commence to redirect this
pipeline away from the proposed housing area. These
works will be carried out by ESSO.

[moneymunch] 05/7/2016 17:25

Esso was mentioned recently by RGM's broker

Analyst Comments on Horse Hill
-
The project provides Regency with a high impact oil project that could deliver considerable upside, a factor reflected in our valuation.

Further technical analysis from industry experts such as Nutech or Xodus is required to understand the reservoir, the level of production that can be achieved over a longer period, horizontal well potential, annual depletion rate, etc. Such data would help estimate a net present value for the immediate Horse Hill prospect.

Flow rates achieved from the recent test of over 1,688bopd at Horse Hill are on the face of it impressive. Obviously more work is required to understand the full potential of the prospect and licence area. In particular we need to know what the flow rate would be over an extended period, as the flow test was only performed over a short period of up to 8 and a half hours.

The test was based just upon a single vertical well. A horizontal well could increase flow rates on the Kimmeridge by 3 to 5 times. If up to 4 wells could operate from the existing platform at Horse Hill, then production may reach around 27,000 bopd (1,365 Kimmeridge x 5 horizontal x 4 wells).

The addition of other well site locations on the Horse Hill licences could further increase production rates. A high production rate would require oil to be piped out rather than trucked.

The construction of an underground pipe that links up with Esso's existing pipeline that currently runs from Gatwick to Purfleet could be achievable if an agreement is sought and secured with the oil major.

[moneymunch] 05/7/2016 17:20

A new player....such as Esso would send the share price into orbit, they are redirecting a pipeline closer to HH only a couple of km away at the moment because of a new housing estate on the otherside of the A267 to HH, and have sentimental attachment to oil exploration in the area. gla ;-)

Esso - Fuelling the UK, for 125 years and counting...
Our refinery at Fawley on Southampton Water is the largest in the UK,
processing over 330,000 barrels of crude oil a day. We operate around 700
kilometres of pipeline – the largest privately-owned underground oil pipeline
distribution network in the UK


Esso undertook exploratory hydrocarbon drilling at Collendean Farm 1 approximately 1 kilometre to the north of the Horse Hill site, in 1964. Although Collendean Farm 1 encountered oil and the well was tested, it did not flow.

Modern mapping has indicated that the well missed the target and crossed to the downthrown side of the bounding fault, which defines the limit of a hydrocarbon accumulation. ( and not sure if the Kimmeridge limestones were tested at that time )

[moneymunch] 05/7/2016 16:57

Lol 6 to 12 months is probably more than enough Gismo...gl ;-)

ps Mpet's special meeting to save their skins is on 13th July, and so every chance we could get news on their 35% interest at HH before then given their dire cash position......is Ukog in the running for another 10% or so, or a new player???


NOTICE OF ANNUAL AND SPECIAL MEETING OF STOCKHOLDERS
To be held on Wednesday, July 13, 2016
To the Stockholders of Magellan Petroleum Corporation:

[gismo] 05/7/2016 16:24

What a negative lot on here. I wonder what you will be saying in 2 years time. I shall diarise it, that's if you're still here!

[gismo] 05/7/2016 16:09

Looks like horse hill is stirring. Security cameras up and ready for the next phase. All we need now is the unclean swampy! Lol

[lithological heterogeneities] 05/7/2016 13:57

clipboard as well ...wait till the lse bb get hold of this info !

:0)

[funkmasterp12] 05/7/2016 13:54

Hahaha, he had a clipboard too, INVEST MORE! ;)

[lithological heterogeneities] 05/7/2016 13:54

On a more serious note though is that the Nutech upgrade report,which will include the "stellar" flow test results and doubling of the acreage has been due "SHORTLY" since 13 Jun 16;


UKOG RNS - 13 JUN 16


The Company has commissioned the following independent external studies, which will be reported shortly:
• Nutech: a detailed analysis of the Oil in Place of the Kimmeridge section and deeper Jurassic within the 300 sq km Licence
• Assessment of the Gas in Place and potential recoverable volumes within the Portland accumulation proven by GB-1"

[lithological heterogeneities] 05/7/2016 13:47

FunkmasterP12

thats great news that you saw a man in a hard hat walking around.

;0)