Rocketing this morning on a superb upgrade !...

Yep, nothing there I haven't already seen.
SDCM have increased their holding......BB1 ready to flow test....what more is there?

i know nothing of these matters, but the key para to me looked like .....

The flow test programme is specifically designed to gather further supportive evidence that the Kimmeridge contains a continuous oil deposit, with mobile light oil and which can flow to surface at commercial rates and in commercial volumes.

that is to say, as i read it, that a true flow rate and other important details have not yet been established

Precisely.

Ready for rig-less flow testing. That's what I was waiting to know for sure.

Yes, but might be a while yet and data will have to be verified by an independent agency.

the brave will continue to hold all they have
the prudent may deem it wise to bank at least some profit at least for now

You can have just a short term flow test...but (I'm no expert but because it's onland and right in the middle of a lovely area : the regulations concerning the flows are perhaps much stricter and also the fact they don't want to establish a flow that lasts just one day and peters out afterwards...(reminds me of Hardman resources off Mauritania...they established 75000 barrels per day...and then when production started : it went down to 13000)....that sort of thing...

cynic ..i bank profit but buy back later at lower price so gathering more shares

lets face it if french billionaire wants in must be a good thing

332 - can't remotely disagree with that approach ..... i think there is no hurry and would not be surprised if stale bulls are forced out in the near future, especially if with s/b

Suddenly its getting ready to move up.

Volume way down from last week though.

Harry there is a mention in todays Sunday Mail regarding the French connection.

Well, the Weald Basin does stretch as far as northern France. I've been retired from the industry for a good while now but this was being talked about years ago. A lot of "ifs", "buts" and "maybes" with this whole scenario but very interesting, nonetheless, especially geologically.

Thanks mitzy.

http://www.dailymail.co.uk/money/markets/article-4763920/French-billionaires-buy-Gatwick-Gusher-oil-firm.html

Do the french know how to drill for oil? instead of trying to nick ours when dont they drill a few holes west of calais?

Have you seen that lot near Calais? The same that nicks Nigeria's oil. Better in the ground.

Sp perking up again....goody....

Operational Update,
Successful Broadford Bridge-1z Sidetrack Drilled to Optimise Flow Test Potential
Broadford Bridge-1 Exploration Well, Weald Basin, UK

Highlights



· To deliver optimal Kimmeridge flow test potential, a sidetrack, designated Broadford Bridge-1z ("BB-1z"), has been successfully drilled, logged and cased over the entire 1,480 ft thick Kimmeridge reservoir section.

· BB-1z delivers a fresh, fractured oil-bearing Kimmeridge reservoir section identical to BB-1, with minimal formation damage and an in-gauge 8.5-inch borehole optimal for well completion and flow testing.

· The sidetrack, from 2,613-5,757 ft measured depth ("MD"), runs parallel to BB-1, some 200 ft to the south, mirroring the original BB-1 trajectory. All necessary regulatory permissions to drill BB-1z were obtained. BB-1 plugged and abandoned over entire Kimmeridge section.

· Significant oil traces in drilling fluid seen throughout 1,400 ft vertical thickness of BB-1z Kimmeridge section. Wet gas shows near identical to BB-1. Southerly trajectory aimed at possible more intensely natural fractured zones than BB-1.

· Completion of BB-1z as a potential oil producer is now underway and on track. All permissions in place for a comprehensive multiple zone extended flow test, comprising 926 ft total aggregate perforated section.

Stephen Sanderson, UKOG's Executive Chairman, commented:

"Although BB-1 drilling and coring results were highly successful, proving our geological concept, it became clear that the duration and difficulty of coring such highly-fractured rocks in an inclined hole put the borehole in a less than optimal condition, ultimately jeopardising Kimmeridge flow-test performance. Consequently, using the drilling knowledge gained from BB-1, we have delivered BB-1z, consisting of a fresh, undamaged, 1,480 ft thick, intensely fractured Kimmeridge oil-bearing reservoir in optimal condition for flow testing.

The sidetrack's comprehensive image log data also presents an opportunity to unravel the extent and connectivity of natural fracturing within the Kimmeridge reservoir between BB-1 and BB-1z. This will greatly assist our understanding of flow test behaviour and the optimal placement of potential future Kimmeridge production wells at the site.

The sidetrack, BB-1z, is thus a solid investment in the future of the flagship Broadford Bridge discovery and the wider Kimmeridge play that underlies UKOG's significant licence holdings."

Interesting development on the side track.