Uk Oil & Gas Share Discussion Threads

[temmujin] 10/4/2016 21:24

i say stellar resources is a big player in horsehill with £2.5m market cap....got to be the most undervalued horsehill stock

Stellar Resources has today entered into a Binding Heads of Agreement (HOA) to buy a further 2.5% equity interest in Horse Hill Development Ltd (HHDL), the operators of the Horse Hill Prospect in the Weald Basin near Gatwick Airport, taking its interest from 7.5% to 10%.

[temmujin] 10/4/2016 20:41

to think ascent resources went up 800% recently on a bid approach for their small asset in slovakia ...and ukog have the biggest oil find since the north sea discovery..puts things into perspective

[fission453] 10/4/2016 19:02

Don't get fooled by temujins crazy valuations....he is known for his exhuberance!

I would say 10p would be a good starting point by end of April.

We have to be realistic!

[theuniversal] 10/4/2016 18:53

Dodd5y. Ok just for fun i will predict by june - july that the report will say that HH alone has 13bn oip based on very convervative recovery figure of 5% = 650million recovery . Depending on how you look at it you could go with 2 figures gross or net... and based on profit after costs break even $40 i recon poo will be higher but based on right now poo figure say $2 profit x 650million = 1.3bn - 80% leaves ukog 20% (indirect)= 260million ÷ 2,043,000,451 shares in issue = 12.7pBut this figure could change..im minusing all costs just leaving profit...3 factors can change this figure of 12.7p1: poo2: recovery percentage3: break even costs4: potential farm in/ out % and or royaltiesTU

[dodd5y] 10/4/2016 18:02

I would be happy with 9p guys but really hope your right at a pound plus

[aslamqadri] 10/4/2016 17:32

got well over 1.2 million and not selling less then £1.50

[temmujin] 10/4/2016 17:28

i'd say ukog could get bought for £2billion so 100p by june

[m0rrisminor] 10/4/2016 17:22

Well the boards are on fire over at Lse derampers are desperately trying to run the forthcoming coming news of the results down, so the price by June £1.20 and iam being conservative.

[dodd5y] 10/4/2016 17:12

Let's play a game. Predicted price by June. I say 9p. Who's next guys

[temmujin] 10/4/2016 17:02

i think things will move rapidly once this report is out..hostile approach then share suspension pending an announcement...my advice is get in quick monday or you might miss the boat

[runtus] 10/4/2016 15:07

I am looking forward to the report too. As well as OIP estimate, hopefully they will give a better idea to recoverability rates? Very low estimates were given ie: from 3%, presumably because of the need to stimulate the oil.

So presumably, the recovery rates may rise on the basis of the oil not needing to be stimulated (and I don't mean fracking but conventional stimulation like at Wytch farm)?

GLA :-)

[fission453] 10/4/2016 12:22

It seems our window cleaner datit is going to do well and oh dear 12bn will be crying in his meths!

[fission453] 10/4/2016 12:20

Temmujin, perhaps once in your life you are spot on...this is gonna be MASSIVE tomorrow, the share price will rocket to new highs. Well done my friend!

[temmujin] 10/4/2016 12:18

bizzarely quiet on here compared to lse forum...everyones getting excited over there..cant wait for monday

[temmujin] 10/4/2016 10:35

pipeline sold to spanish firm..obviously they knew of the horsehill potential so bought wisely ..should speed things up 20/03/15
CLH acquires UK oil distribution network
Spain’s CLH has acquired the GPSS (Government Pipeline and Storage System), the largest oil distribution network in the United Kingdom for £82 million, after winning the sale process organised by the British Government.
The GPSS logistics infrastructure acquired by CLH comprise a pipeline network of 2,000 kilometres, which represents 50% of the total in the UK, and 16 storage facilities, with more than one million cubic metres of storage capacity.
The network is currently implementing a notable infrastructure modernisation programme aimed at making it safer and more efficient, which CLH has committed to continue.
The offer submitted by CLH for the acquisition of GPSS took into account the favourable estimates for growth in demand for aviation fuel at the airports currently supplied by this oil distribution network and the commercial growth opportunities, as well as the broad experience of the network’s current management team.
In the ministerial statement announcing CLH as the buyer of the GPSS, the Ministry of Defence highlighted that CLH would bring unique experience to the operation of the GPSS from operating and maintaining a similar network across Spain, serving both civil and military customers.
CLH chairman, José Luis López de Silanes, said
“The purchase of the GPSS is the first acquisition that CLH has undertaken outside Spain in a European country and it represents an important step in our internationalisation strategy.
“Thanks to this deal, CLH has increased its current oil pipeline network by 50% and continues to progress in the internationalisation project it started in 2014 with the creation of a joint venture in Oman for the construction of a pipeline network in that country.”
CLH’s Managing director, Salvador Guillén, said
“We are delighted with the completion of this deal. CLH already has extensive experience in this sector. We currently manage 4,000 kilometres of pipeline and storage facilities that provide services to the Spanish Ministry of Defence. We have achieved the high level of efficiency with our work, something that has been recognised on several occasions by the International Energy Agency. We look forward to bringing our experience and expertise to the UK.”

[temmujin] 10/4/2016 10:27

hxxp://www.linewatch.co.uk/pipeline_network.php

[temmujin] 10/4/2016 10:17

i think people have forgot there is already an oil pipeline in place to gatwick...wouldnt take much to put it back into service

[aimsharesone] 10/4/2016 10:08

EXCLUSIVE: Three Aberdeen-based developers join Maersk, Total and Cuadrilla in shale-gas ...Angus (where partners include Angus Energy Ltd and UK Oil and Gas Investments plc – which is not connected to the Oil and Gas UK trade association)
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[robbie1424] 10/4/2016 09:48

I'm long here but let's not get carried away.
To even get to the production stage is going to take time and money.

There will be a placing at some stage or some sort of farm in if indeed there is lots of oil that is extractable.

If the numbers stack up when the reports come back then yes Ukog will get a big re-rate BUT that is only the start.

If you investigate Whytch farm you will see it starting with only a 600 bopd and look a good number of years before they got to the 110,000 bopd.

There is quick money to be made here but if the numbers are right then they will kee on rising over the next 5 years until full potential of the wells are generated.

Also it won't stop there as there is the rest of the Weald to go at but also Ukog will be buying into other potential oil/gas plays from the income that HH will generate.

At present they have a very bright future but a lot of things need to drop into place.

A lot of buts in there so any potential new blood looking to get into Ukog- Do some homework and don't think this is gonna just sky rocket as there is along way to go here.
GL for next week.

[gismo] 10/4/2016 08:27

Good morning exciting week to come. Hopefully we can push towards 3p in anticipation of results, however, if they're good I would not like to predict where we could end up. It would be nice to have a cherry on the cake and get up to date info on the licences. Gla Gis

[aimfollower] 10/4/2016 08:07

Analyst $85 oil by Christmas
hxxp://goo.gl/cT1Psy
Published: Sunday, 10 April 2016