Uk Oil & Gas Share Discussion Threads

[eddie max] 30/8/2017 22:19

Still holding up nicely despite the usual boiler boy deramping culprits!

I see the same pattern of accumulation for the big mystery buyers still taking place. 👍


Another day closer to the next level.

🚀🚀🚀🚀8640;🚀Ԇ40;

GLA..

[stockraider2] 30/8/2017 21:52

@Log. It would be usual to have specifics as how Lenigas is involved rather just hear your "boo hoo stuff - ohh Lenigas". Frankly I don't give a stuff whether he's involved or not, but you cite him, give specifics, or be quiet on the subject.

Re: 2nd point you clearly don't understand what's written. I said it takes time to develop commerciality. I'll leave it to you to re-read my post.

Good night, don't let the Lenigas bite.

[markycrispy] 30/8/2017 21:51

Happy trucking

[amr2017] 30/8/2017 21:50

Loglorry1,

"I would like to add to my short higher"!

Come on sunshine pull the other one, you would like to be deeper in debt than you are now.

I have to admire your enthusiasm!

Kind regards

[loglorry1] 30/8/2017 21:46

To be completely honest you are right I am daft. I don't think anything posted here has much effect but I'd actually rather the price went up so I can add to my short higher. On that basis here you go.

AMAZING flow test starting soon. Thousands of bbls gushing from 50 billion bbl oil field onshore uk. Prod cost 2p/bbl MEGA profits. Swampy will be swamped in flowing OIL.

Good night ladies.

[markycrispy] 30/8/2017 21:40

Lay a log in a lorry is in need of a full brekkie and a nice cuppa - he keeps repeating the same trucker talk over and over - his short is not looking good

[petebarnes1] 30/8/2017 21:36

not as daft as you lorry

[loglorry1] 30/8/2017 21:29

Stockraider if you think Lenigas is only involved marginally then I can kind of see why Elcap keeps calling you mugs in the other thread.

If you think UKOG is worth 70p e.g. £2.5bn had it got a longer flow test at HH you are deluded.

MM you keep posting the same response that proves me right. They managed 2000 bbls during testing for 40+days. They cherry picked a couple if tests over 5 abd 7.5 hours which managed decent flows for that period. So what? The share price fell right back down post HH testing where they then raised at 0.8p. Read across valuations implied by RGM are tiny for HH yet now some think 30% could be worth £2.5bn with a better flow test. It's all so mindbogglinly daft.

[rayrac] 30/8/2017 21:02

But not next to mine!

Where is Gismo? Had enough, like me perhaps. Just sit and wait it out.

[atino] 30/8/2017 20:58

Things to look "possibly" forward to:

- Delay in the RNS....

- possible..."operational" problems 🤞

- the finely balanced Surrey Council decision coming up soon in Sept 🙌

-And the big one...the long awaited... PLACINGS 🤞🤞

[atino] 30/8/2017 20:48

Hmm 🤔...wonder how much of this is left ? 💭💭 🏄



DWF advises Cenkos Securities on £6.5million fundraise for UK Oil & Gas Investments plc

UKOG is the largest holder of oil exploration licences in the South East of England where significant oil discoveries have been found over the years, most famously the so-called 'Gatwick gusher'. The fundraise, described by UKOG's chairman Stephen Sanderson as "truly transformational for the company", will enable it to commence the commercialised drilling and exploitation for oil.

DWF's North East corporate team acted on the deal, led by partner Jeremy Swift with support from senior associate Jemil Visram.

Jeremy Swift, DWF corporate partner, said:
"Given our depth of experience in the public markets and strong energy sector expertise, we were able to work closely with Cenkos to ensure that the fundraise completed on schedule. Placings 😱😱😱 can offer an ideal opportunity to significantly enhance a business and enable growth into new markets or increase market share of an existing industry so I would welcome discussion with any companies wishing to raise finance as the public markets are well and truly open for business 😳😳😳. We look forward to working with Cenkos on similar deals in the future."

Nick Tulloch and Neil McDonald led the deal from Cenkos Securities' corporate finance team.

Nick Tulloch, Cenkos, said:
"We enjoyed working with the team at DWF. Jeremy and Jemil provided clear and commercial advice in a timely manner, which ensured that UKOG was able to raise the necessary funds to develop its leading position in the South East of England, which is forecast to be a major oil source in the years ahead."

hxxps://www.dwf.law/MediaCentre/Press-Releases/2017/May/25-may---DWF-advises-Cenkos-Securities-on-fundraise-for-UK-Oil-and-Gas-Investments-plc

[football] 30/8/2017 20:47

can you two get a room please

[markycrispy] 30/8/2017 20:36

Moneymunch is my hero !

[markycrispy] 30/8/2017 20:27

Why would he reference a hypothetical case of someone putting half there pension in here - I accept if you invested at 7 or 8p it's a risk - but any idiot over exposing themselves at this price deserves all he gets - I'm confident but not in love ?

[petebarnes1] 30/8/2017 20:24

sad so sad now on ya Lorry Lorry

[petebarnes1] 30/8/2017 20:21

lol MM true

[petebarnes1] 30/8/2017 20:21

mike thanks for that pete

[moneymunch] 30/8/2017 20:15

You've already lost. Gl;-)

[trapissed monk] 30/8/2017 20:08

MM i'm glad i made you soil your nappy. Prefer to get info from the horses mouth than some "i think,it will be" thumb waver. But thanks for your heads up. I'd be lost without you.

[moneymunch] 30/8/2017 20:04

Lol Log head how many more times have got to post the following in response to your misinformation repetiton on HH's Flow tests???

Febuary 2016

Horse Hill-1 Oil Discovery, Weald Basin, UK

Aggregate Flow Rate Likely the Highest of any UK Onshore New Field Discovery Well

UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) announces that Horse Hill Developments Ltd has informed the Company that the final Horse Hill 1 ('HH-1') Portland test flowed at a stable dry oil rate of 323 barrels of oil per day ('bopd'), double the previously reported rate. The final total aggregate stable dry oil flow rate from two Kimmeridge limestones plus the overlying Portland sandstone stands at 1688 bopd. Over the 30-90 hour flow periods from each of the 3 zones, no clear indication of any reservoir pressure depletion was observed. Further analysis of data is ongoing and will be reported shortly.

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.

Flow Test Highlights

-- The final Portland test of 323 bopd, over an 8.5-hour, period is the highest stable dry oil flow rate from any onshore UK Portland well. On further testing, with a larger pump, the rate doubled from the previously reported stable dry oil rate of 168 bopd. The Portland was produced at maximum pump capacity and showed no clear indication of depletion. It is likely that the rate can be further increased using a higher capacity downhole pump during the next planned test.

-- Proof that the Kimmeridge limestones contain significant volumes of moveable light oil that can be flowed to surface at commercial rates

-- As previously reported, the stable, natural dry-oil flow rate of 464 bopd from the Lower Kimmeridge Limestone is the first ever flow from this rock unit in the Weald Basin and onshore UK

-- Based on the analysis of published reports from all significant UK onshore discovery wells, the Company concludes that the well's 1688 bopd is likely the highest aggregate stable dry-oil flow from any onshore UK new field wildcat discovery well

-- Based on the analysis of published reports from all significant UK onshore discovery wells, the Company concludes that the 901 bopd from the Upper Kimmeridge zone is likely the highest stable natural dry oil flow rate from a single reservoir in any UK onshore new field wildcat discovery well

-- High quality Brent Crude produced: light, sweet oil (40 degrees API in Kimmeridge, 35-37 degrees API in Portland) 1,940 barrels delivered to the Esso Fawley refinery

-- Preliminary analysis confirms that the Lower and Upper Kimmeridge Limestone units are naturally fractured reservoirs with high deliverability

-- Strong possibility for further optimisation and increased flow rates from all 3 zones in future development and production wells, particularly through the use of horizontal wells