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Horse Hill Leni Maths in Reverse - what is the long term sustainable flow rate?

By Tom Winnifrith

3 March 2016 10:16

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I ask you to examine two RNS statements issued by Lenigas ramp (how's the placing going) UK Oil & Gas (UKOG) concerning Horse Hill flow rates from 29 February. Then let's do some Leni-maths.

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Comments

VINES

3 March 2016, 11:15

horse hill guys sound like dumbos calling it 1 inch choke

it’s called open choke, or 64/64” if you wana get technical

lets see how she goes on 16/64”…. that noise you can hear is steve sanderson’s gulp
wildrides

3 March 2016, 13:24

Your just bad losers at Share Prophets ……….. cant stand to see others get a tiny bit of success . Of course the output will decline . The share price is pricing in the future ie more wells in more parts of the field and the fact that UKOG holds other interesting explorations assets which naturally attract a higher valuation in the market following this first success . In other words this success underlines managerial expertise in finding and drilling prospects . I am not holding any UKOG or other HH interested share holdings at this time and it certainly looks very fully valued . The AIM market is designed to allow fledgling companies to raise money from investors . Thats the sole purpose of the market and placings are part of that process . If the placing is reasonably close to market price then whats the problem ? Getting out and back in costs money and even more so off AIM with duty to pay . Let the market price too rosy a future into the stock if that is what it wants to do………. it will learn in time as more results come forward . Same for 88E but piled higher and deeper . Dont kill the Goose before its started laying eggs or even built a nest or even found a mate …….. thats no good to anybody .
SteveSi

4 March 2016, 14:52

If it started at over 1000 bopd and averaged 838 bopd, then the final flow rate must have been a lot less than 838 bopd.