Uk Oil & Gas Share Discussion Threads

[beebong1] 07/7/2016 12:45

And on the downside Brockham could turn out to be a turkey. Time will tell. That really would upset any plans for a decent placing. Two side to every coin even if you do have it jammed up the proverbial.

[beebong1] 07/7/2016 12:39

What. A placing at DOR. Whatever gave you that idea? Must be time for the morons to buy into DOR and watch the share price tumble as those that knew a placing was coming here and still bought shares here. The same as those that voted out of the EU and still bought shares here in a company where the share price has been dropping for over 3 months. That is why they are called mugpunters IMO.
More fool them to believe the rantings in blog and twitter accounts. Good luck to them.

[beebong1] 07/7/2016 12:31

"The good lads at Angus Energy have been busy upgrading the surface facilities at Brockham expecting a big uplift from the rather dull 50-100 barrels a day that Brockham has been sucking out of the Portland for last 14 years."

Yet more bullsh1t. Has the bloke got no shame. It is down to 16 bopd (February 2016) according to what Angus have been reporting to DECC.

www.gov.uk/government/uploads/system/uploads/attachment_data/file/434575/Appendix9.xls

itportal.decc.gov.uk/pprs/report4.xlsx

6540 tonnes from 2010-2014 = 46434 barrels / 5 years = 25 bopd for last 5 years

[moneymunch] 07/7/2016 12:26

Lol....so what funky .....a weeks drilling from an existing well by a mobile rig comes very cheap imho....but that is no concern to Ukog.....but the drill results from the Kimmeridge at Brockham could be an early game changer for Ukog. Gla holders.....upward momentum a given and a significant rise on the release of the expected reserves upgrade in run up to Brockham. :-)

[funkmasterp12] 07/7/2016 12:20

So a placing at DOR on the way then.

[moneymunch] 07/7/2016 12:19

HH hasn't got a production license, and part of the process of obtaining one is satisfactory commercial volumes, hence the EWT plan in place. Brockham is already in production, and so as DL has just stated, drilling in to the Kimmeridge is easy and quick. Positive results from the Kimmeridge at Brockham will confirm/appraise HH and the the rest of the Weald with similar look a like geology........and this year, maybe only weeks away if they get a move on. Gla holders exciting times; -)))

[beebong1] 07/7/2016 12:17

"That other global major Esso actually drilled not one but two wells at Horse Hill in the 1960’s and didn’t realise the potential of the Kimmeridge limestones either."

More porkies from the one who said that HH had 3D siesmic. Only one well has been drilled at HH and that is called HH-1. Only other drill in the area is Collendean-1. But don't quote me on that!!!


www.gov.uk/government/uploads/system/uploads/attachment_data/file/528772/Landwells1June2016.xlsx

1960's Esso? Not found apart from Collendean-1

www.bgs.ac.uk/search/home.html?q=collendean&qSearchBtn=Search

hxxp://ukogl.org.uk/

[moneymunch] 07/7/2016 11:56

Essentially, an appraisal well right next to HH this year!!! Gla holders :-)))


It’s time to test the Kimmeridge limestones at Brockham. The plan is to do it as soon as possible. This year.

No need to drill a new well, just a short cheap side-track from one of the existing wells within the Brockham fence. And it can be drilled in a week, not months like Horse Hill.

[moneymunch] 07/7/2016 08:32

That makes perfect sense TU, we should know by Mpet's next SEC filing following their "special sharholders meeting" 13th July, unless news on their 35% comes first. gl ;-)

[theuniversal] 06/7/2016 13:48

MoneymunchIt would be strategic disaster for ukog to reveal their findings to others if it was just for them selves... and had to pay a premium on aquiering all or some of the 35% mpet.... leaving it too the last minute 11th hour to me... although i recon some back scratching deal too intice mpet to relinquish other drill drop stuff for a sneak peak at nutech report for 10% sale of their 35% lolAll conspiracy and conjecture on my part of course lol...

[moneymunch] 06/7/2016 12:25

Cheers l.hetero, all eyes on Mpet's 35%.....if a Major was interested ( and why not given the billion barrel potential ) and decided to buy Mpet's 35%, then quite conceivably they might go all in and buy up the rest of the small HH players, giving them 72.7% and leaving Ukog with their 27.3% as they hold all the drill data and the Nutech/ Schlumberger Xodus assessment/analysis and are the driving force in developing HH in their relationships/ consultations with local, and UK gov. agencies etc in seeking permits and approvals...just a thought. Gl :-)))

[lithological heterogeneities] 06/7/2016 12:03

MM

good informative post.

[moneymunch] 06/7/2016 11:39

Lol TU, I've just posted this on the Lse thread....we know Mpet are in dire need for cash and are holding on for dear life. Their shareholders meeting is next week and so it might be possible that they wanted some good news from their 35% in time for that??? Watch this space. Gl :-)

Mpet's special shareholders meeting is next week 13th July, they have sold PEDL234 together with their IoW interest to Ukog and have relinquished 231 and 243 both in and around the Weald sweet spot. They still hold 35% of HH but are still desperate for cash to hold on to their NASDAQ listing......the question is, are they going to sell some or all of the 35%, and if they are, it could be in time for next week's meeting. Ukog could still be in the running for another 10% or more, not to mention PEDL231 and 243 which need an official license application to DECC/OGA etc or another player with deep pockets could be interested in the full 35% and the other two blocks as the value of 35% of HH with stunning flow data is far higher than 100% of an undrilled prospect .

We're still awaiting the sale of PEDL234 to be rubber stamped by the OGA, and so I'm not expecting the Nutech report until this is confirmed and of course further delay could be added if Ukog are in the process of acquiring more.....and so hopefully we might have a good idea of who holds what by next week.....which would then clear the way for the reserves upgrade, but quite possibly not until we know who the new PM will be. The potential national significance of the oil in place , further validated by the imminent Nutech report will be well received in conjuction with a new PM.
Gla :-)

[theuniversal] 06/7/2016 10:51

MoneymunchAs i take it and i could be wrong. Each layer x4 will be tested individually for 90 days each not officially FULL PRODUCTION FLOW TESTS but an extended test just to see what is naturally bubbling up...The permits should give a clue as to what they can or cannot do. And i remember SS saying it takes ages to get these permits coz of red tape bureaucracy and council green huggers lol..Good to see each licence broken down with percentage owned...cheers for that.Also I've noticed on the lse site that there is some confusion to mpets 35% of hh some think its been sold or exchange. ..what do you think? Is there a absolute deadline for mpet to adhere to sec rules for listing. Mid july is a date flying around at the mo

[gismo] 06/7/2016 08:28

Thanks for that moneymunch. Gis

[moneymunch] 06/7/2016 08:22

Morning Gismo, Ukog plans to drill horizontally through each layer, subject to permit/approval in their production field development plans, but not on the 90 day day production flowtests, which will be fully optimised by modern stimulation techniques and increased pump capacity etc to assist the free flow that was witnessed in the original flowtest. Gl ;-)

Horse Hill next steps

UKOG will accelerate the appraisal and development plans to include testing a third deeper Kimmeridge Limestone, longer-term production tests, a Kimmeridge horizontal appraisal well and 3D seismic acquisition and analysis.

Similarly, we plan a longer flow test of the Portland Sandstone reservoir, to be followed, in the success case, by a new Portland appraisal well. All necessary permissions are currently being sought with a plan to re-start operations at the HH-1 site in early 2017.

-- The final Portland test of 323 bopd, over an 8.5-hour, period is the highest stable dry oil flow rate from any onshore UK Portland well. On further testing, with a larger pump, the rate doubled from the previously reported stable dry oil rate of 168 bopd. The Portland was produced at maximum pump capacity and showed no clear indication of depletion. It is likely that the rate can be further increased using a higher capacity downhole pump during the next planned test.

-- Proof that the Kimmeridge limestones contain significant volumes of moveable light oil that can be flowed to surface at commercial rates

-- As previously reported, the stable, natural dry-oil flow rate of 464 bopd from the Lower Kimmeridge Limestone is the first ever flow from this rock unit in the Weald Basin and onshore UK

-- Based on the analysis of published reports from all significant UK onshore discovery wells, the Company concludes that the 901 bopd from the Upper Kimmeridge zone is likely the highest stable natural dry oil flow rate from a single reservoir in any UK onshore new field wildcat discovery well

-- High quality Brent Crude produced: light, sweet oil (40 degrees API in Kimmeridge, 35-37 degrees API in Portland) 1,940 barrels delivered to the Esso Fawley refinery

-- Preliminary analysis confirms that the Lower and Upper Kimmeridge Limestone units are naturally fractured reservoirs with high deliverability

-- Strong possibility for further optimisation and increased flow rates from all 3 zones in future development and production wells, particularly through the use of horizontal wells

OUTLOOK

Over the next twelve-month period the Directors expect to see a number of positive developments for the Company.

-- In conjunction with HHDL, UKOG plan to return to the HH-1 well to conduct long-term well testing, and to drill two appraisal wells; this will establish the most likely expected recoverable volume of oil from the discovery.

-- Preparations are now underway to submit the necessary documentation to acquire the regulatory permissions to proceed towards further appraisal of the Kimmeridge and Portland zones.




-- KOGL is planning to drill the Broadford Bridge-1 exploration well in PEDL234, and progress regulatory approvals for a Godley Bridge exploration/appraisal well in the north of the licence.

-- Europa is planning to drill the Holmwood-1 exploration well (UKOG 30%)

-- UKOG is well advanced in the preparation of a Field Development Plan for the Markwells Wood oil discovery (UKOG 100% and Operator). Planning permission will also be sought from the South Downs National Park Authority, plus necessary consents from the Environment Agency.

-- UKOG will finalise the onshore Isle of Wight licence (PEDL331, UKOG 65%) with OGA, following the 14th Round award.

-- UKOG will continue with regulatory steps necessary to drill an appraisal well on the Arreton Main oil discovery in PEDL331 (UKOG 65%) and an exploration well on the M Prospect in P1916 offshore Isle of Wight (UKOG 77.5% and Operator).

-- UKOG is considering drilling an appraisal well on the Baxters Copse discovery (IGas 50% Operator, UKOG 50%).

-- New production wells are being planned on two of Angus Energy's producing licences (Lidsey and Brockham).

-- UKOG plans to continue to expand its licence position in the UK onshore, particularly in its core Weald Basin Kimmeridge oil play, with additional exploration, development and production investments.

Your Board of Directors will continue to seek out further attractive investments in line with the UKOG's investment strategy.

[gismo] 06/7/2016 07:58

Morning moneymunch. On these 90 day tests coming up at HH are they doing a horizontal drill on each of the 3 layers as well as the 4th deeper drill? Thanks

[beebong1] 06/7/2016 07:49

Yet another hook line and sinker!

Post

Kev4
What we need here is someone obsessed and insecure enough with their investment to actually drive to the gates of Horse Hill and look at them. Look good at them.

That'd be perfectly normal.

Reply

freeasabird
I live round the corner from horsehill you tw*t.

[beebong1] 06/7/2016 07:38

I did say you wouldn't find anything in a RNS. I didn't say it wasn't on the UKOG website.
Unfortunately HH is the only well out of about 118 in the Weald so far that looks likely to be a good producer.
As they say IMO; NOT PROVEN.

[funkmasterp12] 06/7/2016 07:27

The penny will drop for you one day.

[moneymunch] 06/7/2016 07:26

Lol.....the penny is finally dropping.....even for funky....Gla holders....Nutech and Xodus reserves upgrade coming soon, and significant upside in run up to the planned 90 day production flowtests. ;-)))

FunkmasterP12
6 Jul'16 - 07:14 - 4732 of 4732 0 0

"It is oil saturated. There's loads of oil under the Weald."

[funkmasterp12] 06/7/2016 07:14

It is oil saturated. There's loads of oil under the Weald. Trouble is, you've invested in a company who has no chance of getting it out without smashing your investment to bits. The fact you link to a report which was primarily used to dilute your own investment is quite ironic.

[moneymunch] 06/7/2016 06:40

Lol, maybe the estimated 124 Billion barrels across the wider Weald is Nutech and Schlumberger's figment of their imaginations.....if that ain't oil saturated, i don't know what is.............Gla holders. ;-)