UK Oil & Gas Investments PLC (London AIM and NEX: UKOG) is delighted to announce that core, totalling 330 ft, has been successfully recovered from the Kimmeridge Limestone 4 (“KL4”) target zone at its 100%-owned Broadford Bridge-1 (“BB-1”) exploration well.
UK Oil & Gas Investments PLC (London AIM and NEX: UKOG) is delighted to announce that mobile light oil has been observed seeping from open natural fractures in Kimmeridge Limestone 4 (“KL4”) core samples at its 100%-owned Broadford Bridge-1 (“BB-1”) exploration well.
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UK Oil & Gas Investments PLC (London AIM and NEX: UKOG) announces that 13⅜ inch steel casing was set and cemented successfully over the 855 feet thick Weald Clay section on its 100% interest Broadford Bridge-1 (“BB-1”) Kimmeridge Limestone exploration well.
UK Oil & Gas Investments PLC (London AIM and NEX: UKOG) announces that drilling operations on its 100% interest Broadford Bridge-1 (“BB-1”) Kimmeridge Limestone exploration well commenced on schedule at 1700 hrs on Monday 29 May.
UK Oil & Gas Investments PLC (London AIM and NEX: UKOG) announces that the drilling rig and key equipment necessary to drill the Broadford Bridge-1 (“BB-1”) Kimmeridge Limestone well are now on site.
Last Thursday’s market update announce the terms of the Farm-Out Agreement between Alba and Angus Energy Weald Basin No 3 Limited (“Angus”), and receipt of the consent of the Oil and Gas Authority (“OGA”).
The Brockham partners have now completed the assignment from Angus to Alba of a 5% participating interest in Production Licence (PL) 235 comprising the Brockham Oil Field. Alba is now therefore a licensee under PL 235.’
But this is just one part of the Alba story, we take a look across the portfolio with a Share Price currently sitting at 0.26
LSE Share Talk spoke with Stephen Sanderson about #UKOG RNS update Upgrade to Portland Oil in Place, Weald Basin.
Stephen Sanderson, UKOG’s Executive Chairman, who has over 35 years of relevant experience in the oil industry, explains in great detail the HH-1 well which UKOG owns a 27.3% interest in the Licences, which are operated by Horse Hill Developments Ltd.
Nutech’s Report details that the production of dry oil from the Portland, with little or no observed water production, required a rethink of the pre-flow test petrophysical model. Revised petrophysical model will be used to update Xodus’ 2015 estimates of the total OIP contained within the mapped Horse Hill Portland oil accumulation.
Stephen Sanderson explains in detail the following comment “The applications will seek permission to conduct a programme consisting of the production flow testing of 3 Kimmeridge Limestone zones plus the overlying Portland over a total flow period of up to 360 days, plus two further appraisal/development wells and the acquisition of 3D seismic data.”
The really big story about the Gatwick gusher.
What is – and is not – happening at the Horse Hill farm site only 20 miles from the southern outskirts of London is remarkable. On one hand, we have what genuinely can be described as significant – and even game changing – amount of oil. So congratulations are in order for the UKOG team for quietly, literally under Gatwick Airport’s radar, producing some actual hydrocarbons.
Andrew Bell Talks About todays Horse Hill-1 Oil Discovery RNS