I'm very sceptical of the likely commerciality
From the latest UKOG report on Horse Hill:
"Several periods of natural flow, without pumping, had achieved rates equivalent to 228 bopd over a two-hour period"
They are going to need a lot of wells at those rates, or massively horizontal wells and probably something that could be classed as fraccing by many.
Probably viable in Texas, but in the densely populated SE and in the Surrey Hills ANOB? The protests and planning appeals will run for years or decades. And there will be lots of extra capex and opex costs as a result. If this were a freely producing reservoir, perhaps, but it doesn't look that way at the moment.
Peter
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Weald basin, on the cusp of something big?
Re: Weald basin, on the cusp of something big?
I repeat warning of a few months back - UKOG are share printing outfit, not an oil company - it's a scam
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DB
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