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Weald basin, on the cusp of something big?

PeterGray
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Re: Weald basin, on the cusp of something big?

#162357

Postby PeterGray » August 27th, 2018, 9:21 am

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

DeBriele
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Re: Weald basin, on the cusp of something big?

#165512

Postby DeBriele » September 10th, 2018, 4:22 pm

I repeat warning of a few months back - UKOG are share printing outfit, not an oil company - it's a scam

viewtopic.php?p=87568#p87568

DB


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