Uk Oil & Gas Share Discussion Threads

[moneymunch] 07/4/2016 10:22

21/3/16

Way Forward

Given these exceptional results, the Company has commissioned Nutech to investigate a possible upgrade to the oil in place ("OIP") calculated within all 3 test zones together with engineering studies to examine possible flow rates from a horizontal well. Reservoir engineering analyses by Nutech and Xodus are also underway, and will likely result in an estimation of potential recoverable volumes. Results of these studies will be reported shortly.

Preparation is now underway to obtain regulatory permissions to conduct extended production tests from all 3 zones at the site, followed by a horizontal sidetrack in the Kimmeridge and a possible new Portland development well.

[moneymunch] 07/4/2016 10:22

I'm still waiting for funds to arrive,hopefully tomorrow before we see a significant rise in share price on delivery of the Nutech/Xodus Reserves Update followed by the likely major re-rate on the publication of the E&Y report, great timing as Brent has bounced back to $40 plus and now very positive noise coming from Opec and non Opec members about a freeze/cut in oil production for this month's meeting 17th April. Gla longs significant upside from this bargain share price ahead. :-)

[beebong1] 07/4/2016 10:00

forwood

UKOG are still in the exploration stages of maturity. Until such times as they actually go into the production phase I see no prospect of any major increase in share price Even going into production with the POO as it is will dampen a rise IMO.
Until such time as UKOG start generating revenue and then profit we will be dependant on placings as how do they comply with these requirements?

"Any drawdowns by the Company under the YAGM Facility are to be repaid in twelve equal monthly amounts ("Monthly Repayment Amount") and carry an annual interest rate of 10 per cent."

[forwood] 07/4/2016 09:47

The worst of it is the only ones making money here atm are the RSPs. Quoting a spread of 8.6% is disgraceful! -

[forwood] 07/4/2016 09:16

I can't believe how cheap these are! 90% probability of £57bn worth oil, 50% probability of a further £111bn, but a market cap at a miserable £34m. It's almost laughable.

Can we stop the bickering and simply agree that the market is massively undervaluing these? By comparison with the likes of 88E, Premier Oil etc, a fair value share price here should be significantly over 4p

[moneymunch] 07/4/2016 09:13

Lol but very easy for you to make a negative opinion and claim your opinion is based on fact.....Eog 's resource estimate and COS on Holmwood didn't include the Kimmeridge limestones, which was already in the public domain. We all make mistakes unless your intention was to mislead. Gla longs :-)

[beebong1] 07/4/2016 08:44

moneymunch

Are you for real?
Very difficult for me to know what was not in the public domain when I gave my opinion.
GROW UP and get a life instead of nitpicking every comment made on this bb.

[forwood] 07/4/2016 08:30

He's just positive Murphyl, indiscriminately and irritatingly so but no evidence of anything worse.

[forwood] 07/4/2016 08:12

(edited)

Interesting little report from 88E this morning, showing they estimate 2bn barrels oil reserves (averaging the oil in place probabilities). Their market cap is £82m (even after today's 20% drop).

Our similar reserves are twice that - 4.3bn and that's just for the Weald - yet our market cap is a mere £35m. And the noncompoops talk about UKOG being over-valued. It is the bargain of the decade!

[datait] 06/4/2016 14:30

Will soon be over 3p again.

[moneymunch] 06/4/2016 12:44

Lol funky, and there lies the opportunity.....my glass is always half full and now brimming over on the flowtest data we've had so far and the transformational potential that lies ahead. Ukog don't need a placing at the moment but if they do go early, it will be on the back of the E&Y report etc which could easily see a massive jump in share price and therefore any placing would be at a premium, and would be the green light for all and sundry,including institutional investors to start flooding in. Gla longs :-)

[funkmasterp12] 06/4/2016 12:36

Or, you might invest and get stung with a placing or poorer news than expected.

For balance, obviously.

DYOR.

[moneymunch] 06/4/2016 12:34

Lol Kenbos, maybe you can get some of it back on Ukog with any luck. Sure enough you can trade the high's and lows but the long term potential could be a life changer and the current share price looks like great value against the backdrop drop of HH'S results and the potential that lies ahead. I'm sweating on the receipt of £26k this week, all to be invested in Ukog in this year's Isa and the rest in my trading account.....I don't want any good news until the dosh is in my account and I'm more than happy if the share price drops lower......the reserves update and E&Y report should see a significant rise on delivery. Gl :-)

[moneymunch] 06/4/2016 12:23

Supertity, you numptie....read my post again, I listed a few reasons why a share is likely to retrace following a rise, traders exiting as well as the weak and worried departing!!!

[supercity] 06/4/2016 12:15

How can you call traders who exit weak and worried - it's such an awful I'll educated point of viewAnyone who bought low and sold at any price above 2p all the way up to the 3.25p is far from weak and worried...I would say they are more savvy, experienced and intellectual as they would be sitting on a nice profit and be able to buy back in cheaper at their leisure if they wish to do soIt's pretty much called tradingFor such an opinionated poster you do post some very naive commentsGood luck

[kenbos] 06/4/2016 12:07

Ok thanks for that I lost my money through Marital lol not shares I inevitably lost that one lol

[moneymunch] 06/4/2016 11:13

Lol, fair enough and sorry to be so judgemental...better luck this time round. The majority of shares will inevitably fall back following a rapid rise as profit is taken, traders exit and the weak and worried depart, until the next flow of positive news. In the case of Ukog, the results from HH were stunning and the implications and potential of the Kimmeridge could be of national significance, although there's still a lot of work ahead before we get to production and to satisfy the markets disbelief and detractors denial, but the imminet Nutech and Xodus Reserves Update will add value and the Ernst and Young economic study on the Kimmeridge could see a significant re-rate imho......Ukog's prospects and potential look incredibly exciting and will be transformational for all invested if the free flowing Kimmeridge limestones at HH are replicated elsewhere across the Weald and oil is extracted in greater volume by multi-pad horizontal drilling, which looks more than likely according to the data so far......and with the undoubted recovery in oil prices towards the end of this year and next year, Ukog looks set to becoming a Major UK Oil producer with an share price and value of many multiples if all goes to plan. Gl ;-)

[kenbos] 06/4/2016 10:22

Munch had money probs so had to leave it alone just getting sorted out now

[beebong1] 06/4/2016 08:35

moneymunch

It won't take long for these wells to eat up the cash when you consider the cheapest well is probably about £1.5m to the Portland level.
I don't believe in speculation so will just stick to the facts when I give an opinion.

HH 20% of drill costs for vertical and horizontal wells
IOW 65% of drill costs
Holmwood 30% of drill costs limited to £1.8m (60%)on a £3m drill
Baxters 50% of drill costs
Markwells 100% of drill costs

[kenbos] 06/4/2016 08:27

Lot of sells this morning has something happened I'm a novice just trying to learn about these things so any help appreciated