Uk Oil & Gas Share Discussion Threads

[moneymunch] 09/4/2016 12:08

A strange Rns on reflection, prompted by a mere 10% rise, maybe for clarification to the market that the E&Y report is in the pipeline, that most of us already knew from SS's master investor article,



Presumably the Nutech/Xodus reserves update must come first before E&Y can complete their economic study, and i'd be surprised if the detailed Nutech/Xodus update will be ready this coming week, so soon following the final results of the flowtest.

Nevertheless, i'm expecting plenty of intial upside this coming week, which is somewhat annoying for me as my top up funds have been delayed, but maybe a retrace or two if no Rns arrives. Gla ;-)

21/3/16

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.

[c31161] 09/4/2016 08:18

NUTECH completes third phase of flow test at Horse Hill-1 discovery4/7/2016HOUSTON -- 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.

[temmujin] 08/4/2016 23:03

this is where most of my money has gone into stellar resources...its not a one trick pony..it has oil and gold...and possibly gas....so there could be a double whammy or treble whammy factor in the share price...you could be looking at the biggest ever stock riser in the history of the stockmarket...maybe 300 to 500 bagger

Stellar Resources has made a new discovery at the Welsh mine that produced the gold for Kate Middleton's wedding ring.
The Aim-listed company reported "encouraging" gold content in rocks at the Tyn n Cornel section of the Clogau St David mine. The mining company has been analysing samples from abandoned sections of the mine in an attempt to find untapped reserves of the yellow metal.
The Clogau St David mine has produced the gold used to make Royal wedding rings since 1923 - most recently for Kate Middleton's marriage to Prince William. Stellar Resources owns a 49pc stake in Gold Mines of Wales Limited, which operates the mine on a lease from the Queen's through the Crown Estates.
Donald Strang, the company's chairman, said: "These are encouraging gold grades from the Clogau mine and this work clearly demonstrates the potential of the area."
The announcement on Thursday sent shares in Stellar Resources soaring by 76pc in early trading, before settling at 0.675p, up 29pc on the previous day's closing price.
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Out of a total of 55 samples taken from the mine they returned average gold grades of 67.3 grams per tonne with six results returning greater than 300 grams per tonne of gold.
David Lenigas, strategic mining consultant to the board of directors, said the average grade from gold mines globally was 1.8 grams per tonne.
"There is absolutely potential in Wales but it is going to have to be worked on," said Mr Lenigas who retired from the role of chairman at Stellar Resources last month.
Further studies on the potential at the Clogau St David mine and the costs of opening older areas of the mine are expected by the end of the month
The Aim-listed company is also involved in the UK's oil and gas boom and announced the discovery of oil near Gatwick last month.
The Horse Hill-1 well is located on the northern side of the Weald Basin near Gatwick Airport.

[datait] 08/4/2016 22:43

Come Monday morning folks this will surge upwards and I think it will be over 100% the way its going.

Watch out for UKOG being one of the top on the leader boards if not the top.

[temmujin] 08/4/2016 21:13

DL says no placement
The real issue is that there have been no E&Y rumours today only issues aroungd the Nutech article and that DL has leaked he knows something-

the Nutech articles today say nothing new until the second to last para



so they imply HH will be mega [as to whole of UKk]
and
they are moving towards production

megamonday methinks
More View thread 4 Res

[temmujin] 08/4/2016 20:49

i think the very big money will be made in Alba and stellar...minute market caps compared to UKOG but hold sizable horse hill stakes...you could be looking at 2 x 100 baggers

[m0rrisminor] 08/4/2016 20:34

Derampers on Lse have been caught with there trolleys down i.e. Joe greed the most subtle deramper yet.

[gismo] 08/4/2016 20:31

I don't see how you could lose with so much oip already then there's the IOW. The mind boggles.

[aslamqadri] 08/4/2016 20:24

this is going to be better then some peoples imagination ??? £2.50 to £3 by end 2017 ,,,got well over million,holding till end 2017,£30k + investment ,,big chance of making dream money ...or lose ?

[temmujin] 08/4/2016 19:59

money money ....Today 19:26Don't shoot me down on this openion if the boys from earnest comes up with the numbers I am thinking king in my head which is reasonably good number in billions of barrels of oil in place and valuvation attached to it by accounting law where these guys sign off world's best performing companies with billions of turnover this is going to be a monster of a share price I am struggling to predit now seriously. To days rns baffled me I am expecting from the oil in place boys not the number crunching giants I am going to leave it for your imagination .....

[gismo] 08/4/2016 19:49

Hi yep I think you could be right. Holding over 1 mil, that should do me fine. Will take a look at that other share. Tks Gis

[gismo] 08/4/2016 19:43

Thanks for that but I meant UKOG, just a figure for fun!

[temmujin] 08/4/2016 19:40

"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. In addition Tax revenues from North Sea production were significant until the price drop. In 2010 they amounted to £11bn, which fell to £2.2bn in 2014-15, and is now projected to be just £130m in 2015-16

gismo.... 50p crnd

[gismo] 08/4/2016 19:27

Ok ok maestro what's your prediction in a year? Throw me a figure

[temmujin] 08/4/2016 19:12

fission...give em time...crnd will be a 100 bagger soon

[daithedeath] 08/4/2016 19:00

They should have deployed more robust leak management techniques imvho

[fission453] 08/4/2016 18:47

What about all yer failures, CRND,OXS, AST, and many more!

[temmujin] 08/4/2016 18:12

who ya talking to?????????????????????? this is el maestro aka QXL 200 bagger

[gismo] 08/4/2016 18:09

Well you've changed your tune!

[gismo] 08/4/2016 18:05

Can't hear you, you're filtered, you must have been really annoying in the past, can't believe you're still hanging around in the shadows? Strange to say the least!

[temmujin] 08/4/2016 18:03

lenigas told ya all...you are all idiots if you didnt buy in David Lenigas ‏@DavidLenigas 19h19 hours ago
The Massive Horse Hill #gatwickgusher oil field in the #UK will change British Oil fortunes for decades. Just watch. Multi billion dollars.

[gismo] 08/4/2016 18:02

Yep topped up with some more this morning. The results so far are excellent but the estimates were allowing for water and oil, well there was very little or no water so what is that going to do for the new OIP estimate! Mind blowing aimo of course! have a good weekend all! Gis