Rocketing this morning on a superb upgrade !...

Is the Gatwick Gusher really going to gush? Not impossible it would seem!

Extended Well Test ("EWT") Hits Significant Production Milestone, KL3 Exceeds 10,000 Barrels
Horse Hill-1 ("HH-1") Portland and Kimmeridge Oil Discovery, Weald Basin, UK

UK Oil & Gas PLC (London AIM: UKOG) announces that Horse Hill Developments Ltd ("HHDL"), a UKOG subsidiary company and the operator of the HH-1 Kimmeridge Limestone and conventional Portland Sandstone oil discovery, has informed the Company that total oil production from the 2018 EWT has reached 13,920 barrels ("bbl") approximately 2.21 million litres, with gross oil sales revenues of approximately US$1.1 million.

2018 HH-1 oil production comprises 10,248 bbl (1.63 million litres) of 40° API oil from the Kimmeridge Limestone 3 ("KL3") and 3,672 bbl (c. 584,000 litres) of 35° API oil from the Portland. No formation water was returned to surface from either the KL3 or Portland. The KL4 EWT programme is planned to commence shortly following the ongoing final KL3 pressure build up test. HH-1 is located in licence PEDL137 in which UKOG holds a 46.735% beneficial interest. Key points and further details are summarised below.

https://www.moneyam.com/action/news/showArticle?id=6207552

So !...there is significant oil there.....with a few more wells : things could be looking up for this company !....

an opiate dream?

There is oil in the ground and with a few more wells and perhaps a rebound in crude prices.... you've heard of pie in the sky Cynic...this is the real deal....!...become a believer...embrace the penny share club......

rf------most of us have embraced the penny share club, the problem was we paid £'s for them.

That's really cheered me up George …..thanks....there is progress from this company and the sp will recover with some new wells being spud...

StockMarketWire.com
Solo Oil said it had agreed to sell its entire 30% interest in a prospect on the Isle of Wight to UK Oil and Gas for £350k.

The sale of the stake in the PEDL331 block, which contained the Arreton discovery, would be satisfied through the issue of around 18m new UK Oil and Gas shares, plus £90,450 cash.

The payments shares were calculated based on the 5-day volume weighted average price to 10 December 2018 of 1.4428p each.

UK Oil and Gas said the first appraisal well at Arreton, Arreton-3, was now scheduled to be drilled, cored and tested in the first quarter of 2020.

Exploration companies have never ever been one of my favorites.
(reckon in 2 years time they will still be drilling albeit with a Black and Decker)

father christmas says ukog is his choice pick for 2019

humbug

Kimmeridge Oil Production Continues at Horse Hill-1 ("HH-1")
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that Horse Hill Developments Ltd ("HHDL"), a UKOG subsidiary company and the operator of the Horse Hill oil field, has informed the Company that sustained production continues to be maintained from the HH-1 extended well test ("EWT") programme, achieving a gross aggregate total of over 25,000 barrels ("bbl") to date, a significant production milestone. Of the aggregate total, over 21,000 bbl has been produced to date from the Kimmeridge Limestone ("KL") oil pool, more than doubling November's reported Kimmeridge production total. No formation water has been returned to surface during the entire EWT. Dry oil and solution gas production continues from HH-1.

Based on the continued Kimmeridge EWT success and October's announcement of Portland commercial viability, HHDL plans to continue HH-1 EWT production until the expiry of current permits in spring 2019 and then to move directly into the drilling and long term testing of two new horizontal wells, HH-2 and HH-1z, for which UKOG's internal funding, planning consent and environmental permits are in place. HH-1 is located in licence PEDL137 in which UKOG holds a 46.735% beneficial interest.

Key EWT results to date are summarised below:

Horse Hill 2018-19 EWT Oil Production Milestones:
· Over 25,000 bbl total aggregate Kimmeridge and Portland oil production since early July.

· Over 21,000 bbl total Kimmeridge oil production since mid-October.

· 114 tankers of crude successfully exported to Perenco's Hamble oil terminal. The KL's 40° API Brent quality crude continues to be sold at prevailing Brent crude oil prices, less a small deduction for handling and marketing.

what a load of crap this company is!
it's boasting about that pathetic production?????
would barely keep a boiler running for a year

Is that a boiler in the modest house of the great unwashed, or in a palatial spread?

2-up 2 2-down :-)

hmmm... if it is fired by UKOG then surely , and in line with sp, your "modest" house is
2 up/3 down (and I am not talking about a underground swimming pool-or may be you have..)

Chaps...this is British oil....you should be proud of it !.....114 tankers.....less than going to the pub for some.....seriously : the production will increase when the horizontals are drilled apparently...(everybody pissed that is...)….....there is so much oil the wells will supply at least two aston martinies.... this is just the start.....keep the faith guys....

Seriously.....the sp is crap at the moment but when they restart drilling then it should rise …..

the whole company is crap ...... why don't you guys admit it?

StockMarketWire.com
Solo Oil said the sale of its 30% interest in a prospect on the Isle of Wight to UK Oil and Gas had been completed following approval from the UK's Oil and Gas Authority.

UK Oil & Gas had consequently acquired the interest for £350k, satisfied through the issuance of around 18m new shares and £90,450 in cash.