Rocketing this morning on a superb upgrade !...

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.

StockMarketWire.com
UK Oil & Gas said it had re-established oil production from a key oil well near Gatwick Airport.

Continuous dry oil production had resumed at the Horse Hill-1 well at a stable rate of between 208 to 218 barrels per day.

The restart of production formed a key part of a work schedule to finalise the Portland field development plan, and to the targeted establishment of permanent long-term Portland production, planned by end 2019.

208 to 218 barrels per day might keep your local garage supplied for a month or two

218 bbls p/d =approx 34cbm p/d. Well 1 tanker load p/d will be enough to be hitting the M25 . (Reckon likes of BP and Shell will be monitoring these events closely to defend their market share...)