Uk Oil & Gas Share Discussion Threads

[m0rrisminor] 08/4/2016 17:34

Dl is getting his revenge in early doors if your shorting any of the consortium well you are stuffed , roll on Monday morning and watch the herd arrive !.

[moneymunch] 08/4/2016 17:21

Perfect timing...;-)))

[5baggersrus] 08/4/2016 17:07

So confirmed nothing other than what was known, patience people!!

[moneymunch] 08/4/2016 16:36

ps Brent now at $41.75 and touched $41.90 plus earlier.......the most perfect storm approaching for Ukog, OIP and recoverable reserves update, E&Y and a potential big bounce in the price of oil, with very positive noise now coming from the Opec and non Opec leaders in run up to production freeze/cut meeting in Doha on 17th April. Gla longs ;-)

[moneymunch] 08/4/2016 16:21

I was expecting £26k this week TU, still being processed, next week i've been told but 3 days to clear ;-(

Timing is everything and so i'm hoping that the holidays will delay the CPR reserves update before my dosh arrives.........significant upside on release imho, and then the real game changer on publication of the E&Y report which will undoubtedly be taken up by the PM and Chancellor etc.......apparently Cameron has come clean on the offshore tax haven but is still holding back on the millions of Ukog's shares hidden under Osbourne's bed.....gl ;-)))

3/2/16

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.

[theuniversal] 08/4/2016 16:16

Robbie 1424 news about what in america?

[theuniversal] 08/4/2016 16:14

Isn't HH got estimated oil in place of roughly 10bn barrels. Would be good to see the revised update got to 15bn or 20bn....lol

[theuniversal] 08/4/2016 16:11

I agree moneymunch a very good time to top up indeed. Chance of a lifetime at this price. WE HAVENT LONG BEFORE THE RESULTS COME OUT... (as in ordinary punters finding money before the rich elite ie offshore dave and his chronies pile in )

[moneymunch] 08/4/2016 16:05

Good news coming soon, and i'm still waiting for my top up funds to arrive...Grrrr ;-(

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.

[temmujin] 08/4/2016 16:00

upgrade monday by all accounts hence the big buying

[moneymunch] 08/4/2016 15:59

The Nutech article is old news, it's the last paragraph that we're waiting on. Gl ;-)

"NUTECH has been commissioned to investigate a possible upgrade to the OIP calculated within all three test zones together with engineering studies to examine possible flow rates from a horizontal well. Further analysis of data is ongoing and will be reported once available."

[murphyl] 08/4/2016 15:50

DATAIT, You are A FIRST CLASS IDIOT. Nobody takes a blind bit of notice of what you post, Just get lost , PLEASE.

[falia] 08/4/2016 15:27

pxog news out

[datait] 08/4/2016 14:04

This is just a spark of light just wait until the sparks really start.

[parthus] 08/4/2016 13:40

12bn says :

Ok peeps get ready for some breathtaking news,I have just farted and followed through !!!:0) OMG it stinks,just like UKOG!

Clearly a very explosive fart such that it has blown his shorts away....

[datait] 08/4/2016 13:32

Makes all the difference topping up when this starts to move folks always top up on the dips if you can. Although can see it dipping much now.

[parthus] 08/4/2016 13:23

NUTECH completes third phase of flow test at Horse Hill-1 discovery

4/7/2016

HOUSTON -- NUTECH has announced that the third phase of the flow test for the major international oil discovery it identified in a report to UK Oil & Gas Investments (UKOG) has been completed. Following the completion of the flow tests, the Upper and Lower Kimmeridge limestone intervals of the Horse Hill-1 well in the Weald basin are producing at a combined average stable rate of more than 1,360 bopd, and the HH-1 Portland test flowed at a stable dry oil rate of 323 bopd, bringing the final total aggregate stable dry oil flow rate from these intervals to stand at 1688 bopd—likely the highest aggregate stable dry-oil flow from any onshore UK new field wildcat discovery well.

Both the Upper and Lower Kimmeridge limestone intervals are producing light, 40-degree API, sweet oil flowing naturally to the surface, without pumping, at an average stabilized rate in excess of 900 bpd from an 88-ft aggregate perforated zone at a depth of approximately 840 m below ground and in excess of 463 bopd from an 80-ft zone at a depth of approximately 900 m below ground level, respectively. The final Portland test of 323 bopd, over an 8.5-hr period, was produced at maximum capacity and showed no clear indication of completion and has the potential to be further increased using a higher capacity downhole pump during the next planned test.

After being appointed independent assessor of the HH-1 well by UKOG in Jan. 2015, NUTECH used its proprietary NULOOK petrophysical analysis solution, a process which uses conventional open hole well logs to analyze the texture of the tested reservoir rock, to provide the Company with a report identifying the Horse Hill Upper Kimmeridge formation as holding approximately 72% of OIP. In June 2015, NUTECH’s preliminary assessment of the HH-1 well was confirmed in a report issued by Schlumberger, estimating the overall oil in place (OIP) for the Jurassic section to be even more impressive than NUTECH’s early projections.

“Our extensive experience, paired with our proprietary petrophysical technologies, allowed us to confidently predict an accurate volume estimate for the Horse Hill-1 well from our initial assessment,” said Allen D. Howard, executive V.P. and COO, NUTECH. “The completed flow test has yielded extremely positive results allowing this well to have one of the highest performing wildcat test rates in the history of wells drilled onshore UK. We are pleased to have been a part of proving the exceptional significance of the HH-1 well for not only the Weald basin, but for all of the UK, and look forward to continuing to work alongside the contracted alliances as long-term production tests are conducted.”

NUTECH has been commissioned to investigate a possible upgrade to the OIP calculated within all three test zones together with engineering studies to examine possible flow rates from a horizontal well. Further analysis of data is ongoing and will be reported once available.

Related News ///

FROM THE ARCHIVE ///

[datait] 08/4/2016 13:23

News is big in America we shall get it soon enough.

[datait] 08/4/2016 13:18

Told you shorts closing this is only just the start.

[robbie1424] 08/4/2016 13:08

Not sure what's going on here.
There should be a rns or the companies are getting their wires crossed.
News is out but in America:0)

[football] 08/4/2016 13:06

$85 Crude Oil By Christmas – An Interview With Mike Rothman

[wisteria2] 08/4/2016 13:01

Serious about investing..... SXX Sirius minerals..UK. Food for thought.

[temmujin] 08/4/2016 12:57

been told to plunge into alba..most undervalued of horsehill stocks..get in!

[fission453] 08/4/2016 12:15

hxxp://www.worldoil.com/news/2016/4/7/nutech-completes-third-phase-of-flow-test-at-horse-hill-1-discovery