Uk Oil & Gas Share Discussion Threads

[wisteria2] 25/6/2017 13:07

please explain ...WHY...


temmujin
24 Jun '17 - 14:54 - 7969 of 8009 0 5

massive sell off in ukog monday then money will hit ALBA,SOLO,PRIM which will all 1 bag

[mikeygit] 25/6/2017 12:23

YOU must have a lovely wife MM!! She puts up with all the time you spend away from her and your kids researching The Weald etc. I have been there--retired and had to do a lot of grovelling and good holidays to make amends---although it was my job!! EFA--Executive Financial Advisor!!! Lets hope you and many others younger than me and RAY can pay more than just their mortgages off!! I just want DOR to man up a bit I have a shed load in them!!!

[moneymunch] 25/6/2017 12:22

SS's Master Investor Presentation May 2016

[rayrac] 25/6/2017 11:01

GL on all of that mm!

You've been a great help here at UKOG thread. Certainly kept our eye on the ball!

It is a bit exciting I must admit, we shall see? But I'm taking the family (6) out for lunch soon, so that should take my mind off things...a bit?

[bionictwat] 25/6/2017 11:00

Oh tidy where are you tidy.........I see you

[moneymunch] 25/6/2017 10:36

Lol i've been telling her that i'm going to pay the mortgage off on the back of Ukog and the Weald for the last couple of years....she's in for a nice big surprise very soon, and so no wonder i'm getting rather excited given Friday's rise and much more to come......and just sorting out the back garden for one of my kids birthday parties today, water slide and all....although the weather looks a bit iffy....Blue skies for Ukog though....Gla and fingers crossed for a stellar week ahead....the big boys will be piling in.....massive re-rate awaits. On and Up!!! ;-)

[jakes114] 25/6/2017 10:36

A great summary of where we are at, no plan, no real leaders just the same broken ones from before.
Good job we have UKOG to cheers us up

[rayrac] 25/6/2017 10:35

Absolutely! And one thing is definitely on the cards with Corbyn...higher cap gains tax!

But yes, a very strong leader is required...can't see one yet.

[mikeygit] 25/6/2017 09:41

Ray--REF your answer to my Corbyn comment. Yes you are right about money. Over the last few years since the banks nearly bankrupted the country ( and the world) money has been really tight. Public services have been cut to the marrow of the bone---not just the bone!!---and therefore everyone has suffered. Labour in their manifesto were promising the world on what they were going to do without really saying where the money was coming from--just the rich!!! well that would not have worked. Successive Govts have never really had a plan to get Britain working again in real jobs, never invested in Apprenticeship schemes, never really had good tax insentives for business--especially small business. So folk have bit jobs and now there is a shortage of really skilled labour. So folk are still drawing some sort of benefits without being able to pay taxes to bolster the Treasury funds that would in the end provide money for public services. Trouble is we have NO real strong leaders able to unite the country and get some discipline into Parliament---too many knives are out in high places!!

[mikeygit] 25/6/2017 09:33

Ray--Ha Ha--yes I have often wondered whether he has a wife---she must have the patience of Job if he has!! Bless!!

[datait] 25/6/2017 09:31

were is 12bn now then hahahahahaha

[rayrac] 25/6/2017 09:15

He's really stamping on people's head...making sure they know, mikey?!

Does get carried away a bit though. Wonder if he has a wife who understands him?😷㊁6;😇

[glenkaz] 25/6/2017 09:15

Finished on a day high! Mms should open this up! May have a dabble! If under 2.3

[glenkaz] 25/6/2017 09:15

Finished on a day high! Mms should open this up! May have a dabble! If under 2.3

[moneymunch] 25/6/2017 09:14

A Major Re-rate in share price coming!!!....Massive upside for Ukog on confirmation of an oil discovery at BB......and estimated extraction costs of $21 a barrel and 100% interest on every barrel........a major re-rate ahead.... Gla ;-)

What is the Kimmeridge Limestone Play?

Four naturally-fractured, Kimmeridge Limestone reservoirs (KL1-KL4) - Regionally continuous over SE of UK ~1500+ sq miles - Encased in likely oil generative Kimmeridge shale (KCF)- Shallow: c.~800-1300m below ground surface

Presence of Kimmeridge oil demonstrated to date by: HH-1 flow tests: stabilised rate of 1365 bopd dry oil (2 zones: KL3, KL4)

Numerous wet gas and oil shows in legacy wells

To date, data supportive of likely Resource or Continuous Oil Deposit - Zero water production on test, no free water or oil water contacts interpreted on logs

- Nutech calculate oil saturations throughout KCF (1000-1800 ft thick) over ~1000 sq miles

Scale - ability: multiple wells per 3-6 acre site, multiple pads per licence

Low drillex and devex costs, potential for rapid investment payback

KL Development Concept: Possible Scale and Assumptions 100 million barrel reserve potential from UKOG existing licences

Multiple wells in ~2 ha sites

Target Initial rate 1000 bopd per well (HH-1 1365 bopd)

Target recovery 1MMbbl/well

Production costs estimated @ ~ £17/bbl or $21/bbl

Horizontals and/or slant wells

Multiple completions and co-mingled production

Natural flow then pump (ESP)



ps lots of punters looking in for the first time

[mikeygit] 25/6/2017 09:02

MM--admire your enthusiasm and technical information but I think we all know what the last RNS contained!! Been posted on here several times. Lets hope next weeks is a further step up with more solid news of maybe oil flow, instead of seepage!!

[moneymunch] 25/6/2017 08:15

Bring it on!!! Gla holders ;-)

UKOG) is delighted to announce that mobile light oil has been observed seeping from open natural fractures in Kimmeridge Limestone 4 ("KL4") core samples at its 100%-owned Broadford Bridge-1 ("BB-1") exploration well. The KL4 samples, at a measured depth of around 4080 feet, exhibit a strong oil odour plus the rock matrix is oil saturated and heavily oil stained. Wet gas readings also increased significantly at the top of the KL4. Both the KL4 and overlying shales exhibit a high degree of natural fracturing. Coring operations continue through KL4.

The well remains on schedule and under budget.

The 160 ft of core taken to date in the Upper Kimmeridge Shales and Limestones will be transported to Aberdeen today for initial rock sampling at the weekend, before extensive geological, petrophysical and geo-mechanical analyses will be carried out by COREX and Premier Oilfield Laboratories in the UK and USA.

Stephen Sanderson, UKOG's Executive Chairman commented:

"I am privileged and excited to have seen, smelt and touched the oil in the KL4 samples today, alongside UKOG's management and operations team. This is a significant and positive result at such an early stage in the well.

Whilst this is still early days, the presence of mobile oil within a Kimmeridge geological feature that has no structural oil trapping configuration, demonstrates that both BB-1 and Horse Hill-1 could be part of the same Kimmeridge continuous oil deposit. This oil deposit may therefore extend over 30 km from north to south across the Weald Basin.

We will now continue our coring and drilling programme and then move to an extended flow testing operation upon the grant of the remaining necessary regulatory permissions."

[rayrac] 24/6/2017 22:33

Well done mikey, let's hope he's still around, forwood I mean. Roll on next week as you say!

[mikeygit] 24/6/2017 21:14

MM---lets hope you are right!! I am holding my breath---hope I do not run out of oxygen!!!

[moneymunch] 24/6/2017 20:37

Lol... it's all about Ukog at the moment....they're in the brightest spotlight and full market focus. Gla holders...more good news coming and another big bounce likely....Ukog's true worth and value is about to be realised...and why not when it looks like they sitting on the largest oil discovery for years in the whole of Europe if not the world....the major institutional investors are about to pile in......it doesn't get any more exciting than the ride ahead with the potential of so much high quality oil likely to be recoverable....this is going to multi-bag far sooner than many realise....3p plus in a blink on the next update.... On and Up!!! ;-)

[rayrac] 24/6/2017 19:34

Be great if forwood did bann some of them, they lower the tone of life.

[blueball] 24/6/2017 19:29

stay long.