Uk Oil & Gas Share Discussion Threads

[moneymunch] 06/4/2016 06:56

Lol far from it, and what good reason from the factual information posted??? Results from HH are outstanding, better than all expectations with free flowing sweet light oil from the Kimmeridge Limestones, which looks very likely to be far bigger than Wytch Farm's 110,000bopd peak production, given the aerial extent of the Weald Basin, by the time multi-pad horizontal well sites are established. Gla Longs ;-)

[proj] 05/4/2016 22:07

Moneymunch, you sound desperate...with good reason.

You must be well under water.

[moneymunch] 05/4/2016 21:23

ps Ukog have no immediate major expenditure committments and so have more than enough cash to take on more of Holmwood, if that's their plan......which i hope it is. Gl ;-)

[beebong1] 05/4/2016 19:20

moneymunch

Holmwood is 1 in 3 COS according to Europa so hardly surprising they want out. If it is that good they would keep it. They are in a similar situation with cash, just over £3m. Why are they not taking advantage of the lower exploration and development costs?
Why would UKOG commit more cash when they have HH, IOW, Holmwood, Baxters and Markwells all requiring cash and we have no or little income in the immediate future and IMO at least a year.
Guess we will end up getting stiffed on a difficult drill but I hope not.

[temmujin] 05/4/2016 17:09

shell just announced its not persuing north sea drilling sites..rumour has it looking at weald basin now

[moneymunch] 05/4/2016 17:04

ps forwood, the market is still in disbelief and the detractors are still in denial, and so the Nutech/Xodus reserves update and the Ernst and Young Economic study will enlighten all, including Joe Public once the PM and/or Chancellor makes comment on the multi-billion barrel potential of the Kimmeridge and its national significance, when the reports have been published.

Significant upside ahead on front page and headline news. Gl ;-)

[forwood] 05/4/2016 13:24

I haven't said that funkmaster; positive statements should equally affect price. BBS sentiment is but one of a range of factors affecting price. I am curious though why the share price isn't soaring and wonder if it is because (however misguided) there is strong negative sentiment coming from certain quarters.

[m0rrisminor] 05/4/2016 12:52

We have had a excellent results from the flow test the well is commercial so why all the doom and gloom , I am sure half the investors are bipolar just relax it will come good if you are running on gasp sell up . And give us break cheers 😎

[m0rrisminor] 05/4/2016 12:52

We have had a excellent results from the flow test the well is commercial so why all the doom and gloom , I am sure half the investors are bipolar just relax it will come good if you are running on gasp sell up . And give us break cheers 😎

[funkmasterp12] 05/4/2016 12:17

Yes but as discussed before, you seem to only think negative posts effect sentiment and not positive ones.

This board for example is probably 70% positive/bullish, LSE even more so and certainly Twitter. So why isn't the price soaring?

[forwood] 05/4/2016 12:11

An FT news story on how DIY quant traders are writing algos to try to beat the market took me to Apparently their user numbers have swelled to over 60k.

Fascinating that many of the datasets on offer involve measures of sentiment taken from posts on stock bbs and twitter (see the link above). This completely gives the lie to the view that bbs posts do not matter and can't affect price. While we can't prove that negative statements here are adversely affecting the price, do we want to take the risk that they are not?

Investor sentiment cannot help but be affected by others' views. While we may dismiss the views of certain people, an abstracted view of the overall weight of opinion is likely to influence whether we think a stock price will go up or down.

[proj] 05/4/2016 11:14

DATAIT, ya fanny.

TIMB£££££££££££;££££££££££££££££££££;££££££££££££££££££££;££££££££££R!!!!!!

[datait] 05/4/2016 11:04

News should start to flow soon.

[funkmasterp12] 05/4/2016 09:20

Filtered. Clearly wants out of it.

[beebong1] 05/4/2016 08:27

Brilliant. First, Warwick Energy bail out, now it looks like Europa are doing the same.
I just hope they get a better deal than for the previous %'s. A heavy price to pay so far for only a 30% interest IMO.


Transaction details:

Subject to receipt of the necessary consent from the Oil and Gas Authority ("OGA"), UKOG will pay a consideration of £25,000 and a 20% share of the Holmwood-1 exploration drilling costs in order to acquire a full 10% working interest in PEDL143 from Warwick.

UKOG's 20% share of well costs will be capped at £0.6 million net to UKOG (i.e. 20% of a gross Holmwood-1 well cost estimate of £3 million). Gross well costs above £3 million, should they arise, will be met by UKOG, Warwick and other partners pro-rata according to their working interests in PEDL143.



UKOG's interest in Holmwood:

Subject to receipt of the necessary approval from the OGA, UKOG will pay a 40% share of the Holmwood-1 exploration drilling costs in order to acquire a full 20% working interest in PEDL143 from Egdon.

UKOG's share of well costs will be capped at £1.2 million net to UKOG (i.e. 40% of a gross Holmwood-1 well cost estimate of £3 million). Gross well costs above £3 million, should they arise, will be met by UKOG, Egdon and other partners, pro-rata according to their working interests in PEDL143.

[robbie1424] 05/4/2016 08:27

Did you read my post 2 days ago!!!
Ukog bigger stakes across the weald will be taken.

[forwood] 05/4/2016 08:15

Five now on the bid at 1.8.

edit: back to 4

edit: gone with one spineless 600k sell!

[forwood] 05/4/2016 08:10

Four on the bid at 1.8, one on the offer at 1.85; next on offer at 1.95. If you want it, best get it soon!

[moneymunch] 05/4/2016 06:49

Final Results 26/2/16

-- UKOG plans to continue to expand its licence position in the UK onshore, particularly in its core Weald Basin tight-oil plays, with additional exploration, development and production investments. The UK onshore continues to be an attractive buyer's market for assets given the Company's cash position.