Uk Oil & Gas Share Discussion Threads

[loglorry1] 10/11/2017 10:35

MoneyMunch if I were you I'd try and distance UKOG from Lidsey. That's a train wreck waiting to happen. The history is terrible and there is a Tsunami of stock waiting to be unlocked which will no doubt hit the market very soon. The way UKOG is trading lately ANGS may be a better short and that's saying something.

[25wbh] 10/11/2017 10:30

still not in production yet

[moneymunch] 10/11/2017 10:29

Lidsey Rns update 6/11/17


As per the Company's guidance, geochemical analysis of the Kimmeridge and Oxford layers at the Lidsey Oil Field were undertaken to determine their commercial viability. The Company is pleased to advise that the initial results conducted on the drill cutting samples from the 66.2 metres of Kimmeridge and 105.0m of Oxford layers indicate a strong similarity to the maturity of the Kimmeridge layers at Brockham Field.

In terms of temperatures at the time of maximum burial, which is an important factor in the generation of oil, the historical temperatures were encouragingly higher than anticipated given the location of the Lidsey Field in the Weald Basin. Indeed, analysis of Tmax (maximum historical temperature seen by the rock) gave a range which overlapped with those seen in Brockham and an average temperature within 3 degrees (0.7 %) of those seen in Brockham. In addition, the TOC (total organic content) was virtually the same within experimental error.

The geochemical evaluations were performed by the same third party organization that provided the same analysis on the drill cuttings at Horse Hill and Brockham.

Further to the Company RNS of 13 October 2017, the BDF-28 drilling rig has now been fully demobilised. The Lidsey-X2 well has been prepared for production after completing the installation of the flowlines from the well head to the storage tanks, pump and other necessary equipment. The Company's guidance for actual production has been adjusted by seven days. After the trial operation of the pump mechanism carried out last Friday, the pump experienced a minor technical difficulty requiring repair and is currently being repaired prior to the well going in to full service.

Angus Energy still expects to put Lidsey-X2 into full production this week. The Company will perform testing to optimize production rates and provide an update in due course.

Paul Vonk, Manging Director, Commented:

"The initial geochemical test results from the Kimmeridge and Oxford are a pleasant surprise. Their similarity to our Brockham Oil Field BR-X4Z well in the north of the Weald Basin shows that Lidsey has the potential to increase the footprint of the oil bearing Kimmeridge layers in the Weald.

We look forward to putting the Lidsey X2 into production this week."

[whattheduce] 10/11/2017 10:26

Thankx dgunn, I am not following Angus except for the brief word placed on here so not in the know about details. There isn't a flow rate for Kimmeridge out of Lindsay as far as I can see which is what I was speculating would be boost to UKOG. There are multiple lines of evidence that the Weald basin is floating on a sea of oil. Everything is about flow rates now. If obtaining flow from Kimmeridge is a technical problem then lessons from BB should be of great value to all the other wells - a potentially lucrative source of income from the knowledge.

[dgunn222] 10/11/2017 10:21

WTD the RNS result was good for kimmeridge and oxford clay, but need permission to produce from them.

[wrtmf] 10/11/2017 10:16

been reported already... 6nov

[whattheduce] 10/11/2017 10:09

"Design options are currently under consideration to either convert the Lidsey-X1 into a water injector or perform production from the Kimmeridge. No decision will be made until a full analysis of the Lidsey-X2 drilling results are complete.

The Lidsey-X2 is expected to pass through the Kimmeridge formation enabling Angus Energy to assess its potential at the southern edge of the Weald Basin. The formation will be logged thoroughly as part of the drilling process."

Results from Lindsy WILL have a big impact on UKOG potential. However, they maybe after the BB results in which case they will be academic.

[dgunn222] 10/11/2017 10:08

Mikey you are correct, but producing from Olite limestone only.

IMO

[mikeygit] 10/11/2017 09:55

dgun--I may be mistaken but I thought a read/heard Lenigas say that the next step is for Lidsey to come into production??!!
MoneyM---any comments on this one??

[dgunn222] 10/11/2017 09:45

Angus does not have permission to produce from the Kimmeridge at Lidsey.

"Lidsey-X2 is a conventional production well targeting the existing Great Oolite Reservoir."

[wrtmf] 10/11/2017 09:43

mr forwood - could you plse add nex:dor chart to the header [% interests in hh, lidsey, brockham, iow]

tia

[johncb] 10/11/2017 09:39

The truth will out in the rns !!

[amr2017] 10/11/2017 09:33

judi,

You make the point superbly that you want to divide, discredit and conquer.

Straight out of the shorters hand book!

moneymunch, top bloke imho!

[moneymunch] 10/11/2017 09:32

To make lots of money by betting on success and highlighting Ukog's stellar prospects and potential, much of it to counteract the bile and negative diatribe from those who are betting short and hoping for failure!!!

[thehitman1] 10/11/2017 09:30

Moneymunch, what is your purpose here?, all ever seem to do is ramp.

[moneymunch] 10/11/2017 09:28

Think what you want.....and why don't you explain to all what your purpose here is???

[judijudi] 10/11/2017 09:20

Think that makes my point proven

[moneymunch] 10/11/2017 09:17

Pmsl...judi the drip , malignant from the inside out, Joe King comes on here and calls us a bunch of c#nts and then infers that we're all pensioners that haven't long left....and your fine with his posts but don't like mine in response to him warning him that you reap what you sow....you're a snide pathetic creature with the pathetic drip drip mantra....and fingers crossed you are going to get exactly what you deserve!!!

[moneymunch] 10/11/2017 09:17

Gla holders ....Significant upside on positive data from BB and Lidsey for that matter, Transformational upside on confirmation of commercial recoverable volumes....On and Up!!!;'l

[whattheduce] 10/11/2017 09:16

Judi, the expression 'giving as good as you get' comes to mind. As said, as YOU sow, so shall YOU reap. You have had no cause to go on the attack against MM, but you have several times. Eventually even the most mild mannered will turn on their heels and smite those who encroach on their space.

[mikeygit] 10/11/2017 09:08

Marky--Exactly---do not hear of anyone saying the derampers are nasty people!!! Ho Ho MoneyM is what he is and no one will alter him, every Blog needs a person like him to make things interesting---he has fire in his belly --pity more in the UK were not the same instead of being moaning minnies. I guess all of us sometimes take what he says with a pinch of salt, but he is a BELIEVER and there is nothing wrong with that. The proof of the pudding etc will eventually come out!! SS-- PLEASE do not keep us waiting for too much longer!!!

[datait] 10/11/2017 09:04

Judi its time to change your big knickers, off you go now !!

[markycrispy] 10/11/2017 09:02

Doesn't make him a bad person

[whattheduce] 10/11/2017 09:00

"And moneymunch is what exactly?"

Not sure I understand the premise of your question, but I would expect MM to be a bloke, flying the flag of whatever stock he holds, has a glass of water on his desk which he keeps topped up half full, and gets laid very frequently 'cause he's always so bloody positive!!!!!