Uk Oil & Gas Share Discussion Threads

[moneymunch] 31/3/2016 18:05

RGM Bell Interview

“The rationale was that these results showed a volume of natural flow that far exceeded expectations and changed significantly in our view both the risk-reward equation and the prospect of relatively near-term production,” Bell said.

“The boundary between the unknown and the known changed enough to make this a different investment.”

He added: “The HH-1 well appears to have been the best new discovery onshore UK at least since the Wytch Farm discovery.

[...]

…

[nash81] 31/3/2016 15:40

UKOG moving up now. RGM worth 4p at current UKOG mcap (RGM has 5% HH)

RGM only 900k mcap at 0.4p.

i am in both UKOG and RGM

[moneymunch] 31/3/2016 14:50

Ps Wytch Farm operates 100 wells from 13 multi-pad well sites in and around Poole Harbour, an area of outstanding natural beauty and nature reserves, and the vast majority of the public including many locals are oblivious to its existence.......Ukog will undoubtedly have something similar in mind for HH and the Weald Basin with full backing from UK govt, given Wytch Farm's outstanding safety record and tax revenue generated. Gl.:-)

[moneymunch] 31/3/2016 13:26

CNN


SS: "We have the potential...if we can replicate this across this basin, we could produce about a quarter of the UK's oil demand."

"$40 per barrel break-even with a small return"

"allowing for production of 200,000 bopd"

[moneymunch] 31/3/2016 13:23

Non above are in the Kimmeridge, in a year or two by the time multi-pad horizontall well sites are established, we'll very likely far exceed Wytch Farm's 110,000bopd peak production. Gl :-)

[beebong1] 31/3/2016 12:56

Once we enter the production stage it won't be long before heads the field production list. They could even manage it on one well ;o)

Weald oil field production figures.

SINGLETON 498 bopd

HUMBLY GROVE 415 bopd

STOCKBRIDGE 345 bopd

HORNDEAN 150 bopd

BLETCHINGLEY 80 bopd

PALMERS WOOD 78 bopd

AVINGTON 60 bopd

STORRINGTON 45 bopd

GOODWORTH 36 bopd

BROCKHAM 17 bopd

[forwood] 31/3/2016 10:59

what shorts? I'd like to know where you can short these?

[parvez] 31/3/2016 10:48

AGM on Monday 4th April so expect some fireworks?

[datait] 31/3/2016 10:39

Shorts will be closing now news leak I should think.

[robbie1424] 31/3/2016 10:31

Looks like shorts starting to close.
Probably those in the know.

Don't get trapped in chasing as this could very easily be a false dawn-too early.

[gazza102] 31/3/2016 10:27

It's been derisked with flowing oil. Just a matter of time

[markycrispy] 31/3/2016 10:25

DAITAIT - have you fallen in love with this share a little too much - I am a holder and topped up this week near the lows but this is a high risk share that you need to put away and forget about. Trade just money you can afford to lose. I have a small portion of my portfolio invested in this and am playing the long game and not getting over excited by every small move. I wish all holders luck for their is certainly a fair share in that to get anything like a decent return here

[datait] 31/3/2016 10:02

Here we go folks get ready for blast off.

[robbie1424] 31/3/2016 09:40

Bod will want news back from xodus, neutec IF possible by end of week.
I say news next Monday, Tuesday.

1.75-80 is probably the lowest it will go until they get news and hunt down some stop losses before news release with updated figures ect.

Gonna get interesting this week so hold tight.

[datait] 31/3/2016 09:06

Sells are being snapped up this will be up by a good % today folks.

IN DATAIT WE TRUST

[datait] 31/3/2016 08:50

Let the burners start up here we go folks the we are about to move upwards.

[datait] 31/3/2016 08:50

Shorts will start to close now folks, very dangerous not to now.

[moneymunch] 31/3/2016 08:15

No gas directly at HH robbie, but a pocket or two very likely elsewhere across Ukog's Weald license area's, if Igas has a discovery only 8km away.Gl

ps TU i posted jlondons link with spacing beacause as it's iii it's not accepetd by advfn.

[datait] 31/3/2016 08:02

Onwards and upwards now folks.

[robbie1424] 31/3/2016 07:55

Moneymunch- There will be no gas!!! So don't expect any.
Have a good day all

[theuniversal] 31/3/2016 07:40

Jlondon. Can you post that video link on here cheers TU

[moneymunch] 31/3/2016 06:51

'Multi-year bull run' begins for oil, says Pierre Andurand

Date
March 31, 2016 - 3:14AM

Crude futures, currently trading near $US40 a barrel, will rebound to $US60 to $US70 this year and $US80 in 2017, ...

Crude futures, currently trading near $US40 a barrel, will rebound to $US60 to $US70 this year and $US80 in 2017, according to a newsletter from Andurand. Photo: Jeff J Mitchell

Pierre Andurand, a hedge-fund manager who predicted the oil collapse, said crude is starting a "multi-year bull run" because low prices have curbed supply.

Crude futures, currently trading near $US40 a barrel, will rebound to $US60 to $US70 this year and $US80 in 2017, the chief investment officer of London-based hedge fund Andurand Capital Management LLP said in a newsletter to investors. A spokesman for the money manager declined to comment.

"Large spending cuts are taking a toll on operational maintenance," according to the newsletter, which was dated February. "After having been in an oversupplied market we expect inventory draws to start in a few months and accelerate quickly."

Read more:

[moneymunch] 31/3/2016 06:46

ps only 8km from HH and "gas" as well as oil. Gla longs. ;-)