|UK Oil & Gas
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UK Oil & Gas Share Discussion Threads
Showing 8301 to 8324 of 8325 messages
|Inclined to agree Kev|
|UKOG looks set for the next step down in the share price|
|Thanks for the honesty and responses guys... the point about the long term is a fair one, but I think I'll hold back a little while and see what happens... will keep watch :)|
|They already have a debt facility they can draw from, but it means issuing a hell of a lot of shares.|
|My view is there's no point speculating over funding. Every AIM share needs it! Unless you have inside knowledge, we only find out once the deal is done...
Best to take a view on the company's potential growth and revenue stream.
Note, nowadays operators are starting to obtain more reserves based lending from banks (they also want in on the action), so this is just another funding method which UKOG may seek which avoids issuing shares...|
|Spandy - that's the golden question. They are low on cash. They have a debt facility open to them of (from memory) c. $7m but they've preferred placings in the past. Hence why I think more dilution is inevitable and now is not the optimum buying point, IMO.|
|VIDEO CEO Andrew Bell on the spot + talking on HH MUST WATCH https://www.youtube.com/watch?v=mVOgETWiLOw&t=623s|
|Hey guys, considering going dipping my toe in here (although may wait til after general election just in case the Greens win lol)Been reading through stuff but wondering if anyone can tell me how UKOG are going to find the upcoming Drilling? Cash was $2m at end Sep 2016? Was there a capital or debt raising that I'm missing?|
|All of it will become commercial at some point.
With brexit, the U.K. Government will want assurances of its own oil and gas reserves ASAP (one of the reasons why the OGA was set up) and with investment increasing in shale it won't be long before permissions are given and it all kicks off.|
|Yes I guess the BIG BOYS did not find it in the 60´s and are waiting to see if new technology has made a difference. Northern Petroleum sold Markwells Wood as they felt it was not commercial---their CEO who I am in touch with occasionally I think is sceptical---but hey ho fingers crossed. If not DL and co have just talked up the biggest faux par ever--I should think.|
|A UK based "big boy" which will probably snap it up if the risks are low enough:
|Ah don't get me wrong Mikey, there's oil there. I too trust what Nutech et al have said, there's no reason at all to doubt them. What remains to be seen though is whether it can be extracted commercially.
If it's as big as they say, there's surely a reason the big boys haven't touched it. And so far none of the HH consortium companies have a proven business model which is viable without shareholder/loan funding. It's all ifs and buts still - even nearly three years after the spud.
If they can prove viability then obviously this is a significant find. My thoughts are though before that happens anyone buying now will be diluted into oblivion and wait potentially years to see any kind of return.|
|OK Funky--We must leave it there until--as you say PROVEN beyond doubt--but my money is on the findings of NUTEC and Schlumberger who, don´t forget´are the best in the world at their job. Maybe one of us is going to have egg on our face?? Hope not me!! Good Luck anyway. Those two companies certainly would if their results end up incorrect. Not only do they say there IS oil there--which I do not think anyone disputes--even you--but they also, most importantly,, estimate the recoverable amount, also in conservative amounts.|
|Because the Swampys of the world oppose any drilling action! I'm not saying there can't be oil in commercial quantities, I'm saying as of yet it hasn't been proven.|
|If there is no oil in commercial quantity then why is Surrey CC trying to stop us finding out?|
|activeservo---Thanks, a very measured response to Numpty Funk!! What more proof does he need that oil is there in good, high quality quantity than 1600 barrels a day from the initial find from ONE well and there are going to be many wells dotted around The Weald producing good quantities. His glass is obviously not only HALF empty but NEARLY empty|
|I've worked for a medium sized oil and gas operator for the last 15 years.
Until nuclear becomes truly commercially viable (i.e. without subsidies) gas will remain the highest energy priority over the next few decades. Not renewables or any of the other "ideal" supplies, unless we all suddenly decide to fully embrace climate change, but I doubt that.
Until oil and gas becomes like gold dust (literally!) it'll remain a priority.
Full exploration and production of the Weald and all the other UK onshore supplies is simply guaranteed. It's why O&G operators are starting to increase investment in it and why UKOG exists in the first place!
Personally, I see onshore really taking off in the next 5-10 years. In which case investing long term in UKOG is a simple relatively low risk choice.
Always be ahead of the curve.....|
|Lol funky numptie, and there lies the opportunity, Nutech and Schlumberger's assessment suggests multi-billion barrel potential across the Weald.....HH Ewt's and Brockham's production will give the market a good idea of what % is recoverable....we know it's of the highest quality, and if confirmed to be recoverable in massive volume, then the Govt. will make its extraction a priority as will be the case with the Northern shale gas reserves....a newly independent UK Plc needs home grown energy security, the North Sea is on the wane and if Nutech and Schlumberger's multi-billion barrel assessment is correct, then the oil will be extracted, no doubt with the help of a major or two. Gla holders ;-)
Ps TOTAL already hold 35% indirect interest at HH through their multi-million investment in Tellurian/Mpet......I'm sure they're keeping a close eye on proceedings. :-)|
|"With all the oil that is able to be got out of the ground, one wonders why the UK Govt has not stepped in BIG TIME to say enough is enough"
Because there's no proof yet that anyone can extract it commercially (or indeed if the whole field is viable) and frankly it's chicken feed compared to other energy priorities.|
|Just seen the You Tube piece and does it not frustrate everyone to hear how futile our UK Planning Laws are?? The head in the sand approach beggars belief. With all the oil that is able to be got out of the ground, one wonders why the UK Govt has not stepped in BIG TIME to say enough is enough, Get the bloody black stuff out and boost the UK economy. Currently it seems that we are beholden to a group of fuddy duddies who are scared they may lose a few votes at polling time and cannot make a decision to save their lives. For crying out loud this appears to be HUGE and the opportunity for the UK to be more self sufficient is going begging. I really hope that Lenigas can wave the big stick and get things going---as said in his piece---and on more than one occasion he has said it----the UK was half a day away from running out of gas, and whilst we all talk about OIL there is also loads of gas to be got out as well!!! For crying out loud, get this whole thing going---not just for our investment but for the whole of the UK economy!!|
|Yes MM-- have posted on DOR---and looks like DL--if he has to---will take SCC to the cleaners ¨I want to nail them to the cross´were DL´s actual words!! Say what you mean DL!! very silly of SCC not to back down, and quickly IMO|
|This one TU?
Interview with DL and Tidswell from Angus, 34 minutes into interview Tidswell's confirms " We have planning from SCC......confusion from SCC and one or two members who may feel differently ( over 600 Councillors ) but we have taken legal advice and we are 100% certain that our planning holds......"We have planning!!! "
|They bought it from BP back in 2011, long after peak production of 110,000bopd , I think it was producing c18,000bood at time of the sale.gl:-)
ENERGY giant BP has announced the sale of its Wytch Farm oilfield in a deal worth a staggering $610 million.
The Purbeck plant, the largest onshore oilfield in Western Europe, has been sold to Perenco UK Ltd, the British arm of an Anglo-French independent oil and gas company with interests in 16 countries.
It is expected that all employees based at the Wytch Farm plant will continue to work for the new company.
An immediate $500m payment has already been made, with a further $55m to be paid on completion, expected at the end of 2011.|
|I see Perenco--a french owned company---owns Wytche Farm Oil field. Hope they do not come in with a take over of all our sites in the Weald. They are not quoted on the LSE and therefore I take it that would not make our share easy to sell or would we get a fair price!! No use speculating yet what may happen, but would be better to have a BP or Shell acquisition--if that came about|