Uk Oil & Gas Share Discussion Threads

[rayrac] 24/6/2017 11:20

If it's the same geology as HH, then it has, because that flows without assist.

[temmujin] 24/6/2017 11:20

tidy...so what u saying? its a dud?

[tidy 2] 24/6/2017 11:13

"Whilst this is still early days, the presence of mobile oil within a Kimmeridge geological feature that has no structural oil trapping configuration"It seems this oil is not under pressure imo.

[cossie] 24/6/2017 10:47

Excellent early indications here with ‘live’ mobile hydrocarbons seeping from open natural fractures in cored sections. Unlikely residual oil but part of a basin wide continuous resource play discovered at HH-1. Extent of natural fractures are the key for flow rates and recoverable volumes. The tight nature of the limestones with low matrix porosities create the stratigraphic trapping mechanism in absence of structural traps. GLA #UKOG & #ANGUS.

[tommy25] 24/6/2017 10:16

yeah temmujin, i was hoping advfn.com would have got it act together by now and fix the dam problem. i hope they sorted on monday!!

[moneymunch] 24/6/2017 10:16

Vertically connected limestones at HH where the oil saturated shale clay between the naturally fractured limestones also appears to be brittle and naturally fractured too, greatly increases the net target oil play ( also witnessed at Brockham as confirmed by drill and log data ) and very likely at Broadford Bridge, and therefore the recoverable volumes of free flowing oil could be breathtaking, given the 50 degree of the drill that will slice through the 4 limestones within the oil saturated Kimmeridge Interval.....Gl holders....Exciting times with massive upside potential...another 3 limestones to go on the way to target depth and EA flowtest permit imminent....3p plus in a blink......Tick Tock!!! ;-)

HH

Analysis of the HH flow test data clearly demonstrates that natural fracturing is the key parameter that enabled high natural flow rates. We have learnt a great deal about the origin and pattern of this natural fracture system and plan to collect core and image log data from our new wells to help further this understanding.

The HH-1 well test data also indicate that the fractures in KL3 and KL4 could be vertically connected. Consequently, we believe that the well may have connected to a much larger fractured-reservoir "tank" than the the two individual limestones tested. It is, therefore, possible that natural fractures within the shale may also have directly contributed to measured oil flow. This observation has important and positive implications for the quantity of oil that could be recovered from a Kimmeridge well. We will, of course, know more after the upcoming long-term tests.

BB

The BB-1 well, is a deviated or "slant" well, designed to penetrate the entire Kimmeridge section, targeting the four naturally-fractured Kimmeridge Limestones (KL1-KL4) to confirm that KL oil is contained within a resource or continuous oil deposit. The well will test the southern edge of the basin within a mirror-image of the Horse Hill fault block. The Kimmeridge section is planned to be drilled at an angle of approximately 45 degrees to vertical and approximately orthogonal to the predicted direction of open fractures within the Kimmeridge.

Operations will include the acquisition of an extensive coring, electric log and borehole imaging data set to provide further key information on the limestone reservoirs and natural fracturing. We expect that the well will provide UKOG with a quantum leap in knowledge of these unique KL reservoirs.

Our planning permission also includes the ability to flow test the well for up to 14 weeks. If successful, and provided the tests are encouraging, KOGL would aim to apply for permanent production status from BB-1 by the end of 2018.

Due to our 100% ownership, if BB-1 is a discovery of similar nature to HH-1, it could result in three times the overall net oil production impact to the Company compared to Horse Hill. Furthermore, should BB-1 ultimately prove our hypothesis that KL oil lies within a wider resource deposit, the licence's 300 km(2) area could hold around three times the recoverable resources of the Horse Hill licences.

Consequently, it is our viewpoint that a successful outcome from the BB-1 programme could have a highly material and transformational impact upon the Company.

[rayrac] 24/6/2017 10:15

Temmujin, you've done no such thing! You've been ramping solo for ages and are trying it on here. Be like me and hold both...and others too?

Eggs in one solo basket? Thanks, but no!

[fund1] 24/6/2017 10:14

Thanks I agree about something sister I missed out on loads of opportunities last week because of it.

[temmujin] 24/6/2017 10:03

yes...ukog didnt show up but i suspect MM shananaghans conspiring with advfn

[fund1] 24/6/2017 10:00

Quick question is anyone else having problems with the top gainers board on advfn. For the last 4 or 5 days it's not shown any shares over 20 percent. Can anyone confirm they are having the same problem.

[0405] 24/6/2017 10:00

Beautiful I can smell it

[temmujin] 24/6/2017 09:49

i sold my ukog late friday and piled into solo only because solo is way,way undervalued...when solo goes to 1p next week,3 bags then i will be back here ,pick some up at 1.5p hopefully, chow.

[someuwin] 24/6/2017 09:20

David Lenigas‏ @DavidLenigas · 27 minutes ago

This is damn good looking #Oil core from Broadford Bridge well in the Weald Basin. Excellent …

[moneymunch] 24/6/2017 09:15

Lol Ray, you tell 'em.....and please do burnt and crispy....3p in a blink on the next update..... Gla holders....A potential stellar period ahead with BB and HH's flowtests expected to be undeway in the coming weeks.....truly transformational upside on confirmation of free flowing oil in commercial recoverable volume....a multi-bag in the making. ;-)

[mikeygit] 24/6/2017 09:14

jimmyloser---thanks, yes was in that notorious TOWER share when Glowing in the dark, so much oil, but ended up oil had gone long ago, also I believe Desire --found oil on Friday!! and by Monday it was a mistake-- it was water!! The guys here though are real professionals and have the backing of NUTECH and SCHLUMBERGER so I have more faith with this one---but we can never be sure til the fat lady sings!!

[rayrac] 24/6/2017 09:08

Btw, I've been around long enough to see the signs as extremely bullish...man up some of you!😩㊁9;😱👉🏿😷🤐

[jimmyloser] 24/6/2017 08:53

7933...perfect post.....
I am old enough to have seen it all before. Too many people on here counting their chickens etc. However I wish them well. A full oil 'well' that is.

This time next year Rodders! lol

[markycrispy] 24/6/2017 08:35

Mikeygit spot on buddy think we will spike first thing then settle at about 1.8p til more news which could go either way - I am hedging my position with a spreadbet now

[mikeygit] 24/6/2017 08:30

Whilst I--like all investors here---hope that this IS a big one, we must keep our feet firmly on the ground. What happened yesterday hopefully is the start of a game changer, but the RNS stated oil seeping--not gushing, and we hope again that this is to come. We have seen in the past seeping of oil and then find it has gone somewhere else. I think not in this case, but let us take each RNS and report as it comes. Please do not get me wrong- my glass is always half full and I am very optimistic, but I like to have things actually confirmed before ´spending´my gains. I am very nervously excited and hope next week brings more positive news--few hurdles yet to jump before we can be 100% confident this really is it!! GLA

[rayrac] 24/6/2017 08:24

simonhead5. Just 2 posts and all he has to say is S?