Uk Oil & Gas Share Discussion Threads

[temmujin] 08/4/2016 08:21

last chance sub

2





p

[temmujin] 08/4/2016 08:21

last chance sub

2





p

[temmujin] 08/4/2016 08:21

last chance sub

2





p

[temmujin] 08/4/2016 08:10

been told to pile in...monday ;-)

[moneymunch] 08/4/2016 07:26

David Lenigas ‏@DavidLenigas 9h9 hours ago

The Massive Horse Hill #gatwickgusher oil field in the #UK will change British Oil fortunes for decades. Just watch. Multi billion dollars.

[datait] 07/4/2016 14:41

Looking very good folks. I think we will start to see this moving up quite abit between now and news.

[forwood] 07/4/2016 13:11

Could be getting some of the hot money refugees from 88E.

[datait] 07/4/2016 12:59

Looking more like the bottom now folks. I think it would be fair to say news very soon now maybe this afternoon or tomorrow.

[datait] 07/4/2016 12:53

Nice big buys coming in here now should start to move up soon.

[forwood] 07/4/2016 12:43

There are two ways to deal with this share:
1. Buy an amount that you can just lock away and not bother about short term gyrations
2. Time a good entry point and trade it.

I fear too many are doing the latter, adn not very well, ie selling at a loss. It's not the way to make money!

[datait] 07/4/2016 12:23

You are always going to get sellers when it has fallen back like this as many either need the money or feel they have to cut their losses.

This is huge no doubts about it. This will spike big time once the news hits us.

[datait] 07/4/2016 12:20

You should top up on the falls if you can this is a very good chance to make huge amounts of profit. HH is huge and there is no getting away from it all will be revealed soon enough.

The UK Government will love this as it will do really well in reducing our Country's debts.

[moneymunch] 07/4/2016 11:32

Lol it will bounce big on the CPR and economic study, and I'll cry if my dosh doesn't arrive before there release. Gl :-)

[forwood] 07/4/2016 11:28

So true mm. I might pmsl too but with the share price down 7% am more inclined to cry!

[moneymunch] 07/4/2016 11:18

Lol..they've just made the biggest UK onshore discovery from a single vertical well EVER....Wytch Farm's initial discovery was just over 600bopd, and eventually peaked to 110,000 bopd with multi Pad sites....Ukog's prospects look breathtaking given the extent of the Kimmeridge limestones, and all will be enlightened very soon......and it's laughable for anyone claiming that they can see no long term prospects......pmsl....
Gla longs :-)

[forwood] 07/4/2016 11:16

I think you're blind if you see no long term prospects, and from what you've said you're quite clearly interested in seeing the share price fall for now. No doubt when it starts to rise again and you've bought in, we'll get more optimistic posts from you. In the meantime, please appreciate this is not the thread for derampers.

[beebong1] 07/4/2016 10:57

forwood
Have already made a fortune out of UKOG since 2014 having bought in 2013.
Trading these on the peaks and troughs as can see no long term prospects. I'm hardly likely to give away my trading patterns though although I never buy into a falling share price
I would hardly call 18.5 bopd from the 4 operational fields much of an income hence I still class this as exploration stage for the company. Would be interesting to know if any profit coming in from them though as not reported in last financials.

[datait] 07/4/2016 10:54

Had to have another top up rude not too.

[markycrispy] 07/4/2016 10:45

Not sure what the panic is here - there is a gap on the daily chart. to fill at about 1.5p that I didn't think would close but looks like it will- I will top up more if we get there - for now this is news driven and if you believe in the opportunity buying the dips are opportunities

[bygdennis] 07/4/2016 10:43

The price now seems a give away, almost as low as before the progress made, Things look good for those who have kept up

[funkmasterp12] 07/4/2016 10:34

88E is about to collapse as it's grossly over-valued. It is also a very speculative play which has been driven up by hot money.

Ask again in a week if it's still a leading example to UKOG.

[forwood] 07/4/2016 10:31

If we had 88E's share price relative to oil in place figures, the share price here would be 8.6p!

[moneymunch] 07/4/2016 10:24

23/2/16

Hopefully UK Oil & Gas Investments PLC's (UKOG) activities in the Weald basin of south-east England have raised awareness of the potential for significant tight oil production to help assist UK energy security.

If successful, the impact could be similar to that of shale gas. Following the drilling of UKOG's Horse Hill well in 2014, world renowned analysts Nutech estimated, in October last year, that there are 124 billion barrels of tight oil in the ground in a 1,261 sq mile area of the Weald.

Approximately 80 billion barrels are in Kimmeridge clay. The first extraction target lies within two limestones in the Kimmeridge, which Nutech calculate to contain 19.5 billion barrels of oil in the ground.

These are serious numbers from a serious business.

Ernst & Young (EY) will soon publish a study which assesses the potential economic impact and benefits of tight oil extraction from these Kimmeridge limestones. EY show that production could contribute between 4% and 27% of the UK's current oil consumption with an associated total value contribution to the economy of £7 to £53 billion over the life of the project.

The Chancellor will be particularly interested to read that tax contributions could be anything from ££2-18 billion.