Uk Oil & Gas Share Discussion Threads

[bionicdog] 17/4/2021 14:41

Abeygale
I'll take that bet.

[cyan] 17/4/2021 14:40

Good afternoon HCA.

My bad. Need my glasses reading up on Horndean; It is not dry ; yes 283 tonnes of water; maybe 59 barrels of water a day.

90% of the production belongs to Igas. So ; about one tanker of water a month to UKOG?

[abeygale] 17/4/2021 14:38

Early morning retrace of up to 20 percent. Then followed by a bounce that may see Monday end up in the blue.

[kemche] 17/4/2021 14:30

"after a possible early retrace."

Oh my sides!

[onetomany] 17/4/2021 14:23

Placing announcement will underpin. Expect a serious jump up after a possible early retrace.

[smraynot] 17/4/2021 13:58

Carnage Monday morning I'm afraid.

[hans christian andersen] 17/4/2021 13:54

cyan

Horndean has been producing about 300t a month but I don't know what they do with it. It's about 10 tankers worth.

Field Production Data, PPRS (WGS84): HORNDEAN
Field region
Reporting unit name HORNDEAN
Reporting Unit Type Code T
Reporting Unit Type Description Onshore Oil Field
Operator Organisation Group IGAS PLC
Onshore,Offshore Flag Onshore
Reporting Period in yyyymm format 202012
Reporting Period Month 12
Reporting Period Month Name December
Reporting Period Year 2020
Oil Production Mass (tonnes) 525.62
Oil Production Volume (m3) 631.00
Oil Production volume (mb/d) 0.13
Oil production density (Kg/m3) 833.00
Dry gas production mass (tonnes)
Dry gas production volume (ksm3)
Dry Gas Production volume (MMscf/d)
Dry Gas Production Density (kg/sm3)
Associated gas production mass (tonnes) 25.63
Associated Gas Production Volume (MMscf/d) 0.02
Associated Gas Production Volume (ksm3) 18.00
Associated Gas Production density (kg/sm3) 1.42
Gas Condensate mass (kg)
Gas condensate volume (ksm3)
Gas condensate volume (mb/d)
Gas condensate density (kg/sm3)
Gas Flared - Volume (Ksm3) 0.00
Gas Flared - Density (Kg/sm3) 0.00
Gas Flared - Non Hydrocarbon (%) 0.00
Gas Vented - Volume (Ksm3) 18.00
Gas Vented - Density (Kg/sm3) 1.42
Gas Vented - Non Hydrocarbon (%) 5.00
Injected water mass (tonnes) 0.00
Injected water volume (m3) 0.00
Injected water volume (mb/d) 0.00
Water production mass (tonnes) 283.00
Water production volume (ksm3) 283.00
Water production volume (mb/d) 0.06
Reinjected produced water volume (m3) 0.00

[cyan] 17/4/2021 13:28

"Could turn out to be worth billions"

Heard that all before about the Kimmeridge . Trouble is ; it was a fantasy and now UKOG is "rolling the dice" in Turkey.

Sanderson did a comprehensive job of trashing the Weald's value with his presentation and yesterdays interview.

If the Turkish wells are sub-commercial ; never mind; there's riches in geothermal.

How many billions of shares will need to be issued chasing the next get rich quick scheme Sanderson has dreamed up?

[idriveajag] 17/4/2021 13:10

UKOG, 16/4/2021

"As a diversification, we are increasingly active in the newly emerging geothermal energy field, where we possess the key subsurface and engineering skills necessary to make such projects work. As well as new standalone geothermal projects, we are currently investigating the viability of hybrid energy sites envisaged to derive power from both petroleum and geothermal. We are a founder member of the newly formed Geothermal Energy Advancement Association.

We are actively investigating hybrid geothermal projects at two of our UK sites and will review geothermal opportunities onshore Turkey."

Turkey is ranked the seventh richest country in the world for geothermal energy potential:



Could turn out to be worth billions.

[idriveajag] 17/4/2021 13:07

HH, Horndean, Loxley, Arreton/IoW, and of course Turkey, and now the additional possibility of Geothermal. It's a nice portfolio, potentially very valuable and now better balanced.

[bionicdog] 17/4/2021 13:02

So the company is worth £5 million not £250 million.
0.04p a share I make it and that's generous.

[cyan] 17/4/2021 12:53

HH1 devalued

"The Directors have carried out an impairment review as at 30 September 2020. The Directors determined that the net present value of the HH-1 well was £4.78 million and therefore determined that HH-1 should be impaired by £9.35 million. The net present value utilised an internally generated depletion curve that was independently reviewed. Costs we based on current costs less any anticipated savings. A long-term Brent oil price of US$64/bbl. was used, with a discount rate of 8.9% being the weighted average costs of capital of Horse Hill Developments Ltd the holding company of HH-1. Based on current production at Horndean no impairment was deemed necessary."

"..value of the HH-1 well was £4.78 million"

"impaired by £9.35 million" after they "utilised an internally generated depletion curve that was independently reviewed. "

"depletion" must be greater than previously thought

Would be interesting to see that curve

[cyan] 17/4/2021 12:47

"Horndean, which continues to produce very steadily, also remains profitable with current rates and prices"

Horndean is not producing any water, unlike HH.

Horndean is the most reliable and presently only profitable producing asset UKOG has.

Trouble is; just 13 (Thirteen) barrels a day to UKOG is not going to pay for much

Also 2P reserves to UKOG of 130,000 barrels is not so big

[bionicdog] 17/4/2021 11:59

Giving it a MC of £250 million for less than 100bopd.

[idriveajag] 17/4/2021 11:50

Could be 2p by the time they drill Turkey mid year.Looking a lot better now:UKOG, 16/4/2021"I would also like to stress, that in the current pricing environment, the significant cost reductions achieved at Horse Hill over the year and the forecast reduction in water handling costs via the conversion of HH-2z into a water injector means that, going forwards, Horse Hill production is forecast to be profitable. The planned HH-3 and HH-4 infill wells are also designed to boost production as we move forward in developing our asset. Horndean, which continues to produce very steadily, also remains profitable with current rates and prices."

[atino] 17/4/2021 11:21

Let’s send a flight ✈️ OVER ANTARCTICA 🙌😉

[bionicdog] 17/4/2021 10:38

Yet the board remain intact , able to oversee this farce while continuing to reward themselves. I suppose that was always the point. Don't tell the mug punters though.

[hans christian andersen] 17/4/2021 10:05

Not sure I could have quaffed over £70m of booze in that time. Would have given it a good go though.

[prof_pwhite] 17/4/2021 09:40

U son of a goats herder

[prof_pwhite] 17/4/2021 09:34

Ur mum is really a man

[prof_pwhite] 17/4/2021 09:34

Ur sister is a boy

[prof_pwhite] 17/4/2021 09:34

Ur dad is a woman

[prof_pwhite] 17/4/2021 09:31

Presume you are talking about your mum termite?