Uk Oil & Gas Share Discussion Threads

[hazl] 13/4/2016 10:23

Again background.

[moneymunch] 13/4/2016 10:23

Good news coming soon. ;-)


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.


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.

[moneymunch] 13/4/2016 10:11

Lol, cheers west4, the annoying thing is i should have had the cash early last week for 1.75p and i was eyeing up Rose as well before its rapid rise, although i'm happy with today's top up price and was dreading any positive Rns this morning. Holding all for full production at HH, Holmwood, IoW etc and looking forward to transformational returns and Ukog's rise to a major UK oil producer. Gl ;-)

[hazl] 13/4/2016 09:57

BACK IN March

[hazl] 13/4/2016 09:46

oil stocks generally up today without the considerations here imo

[hazl] 13/4/2016 09:41

I think most people are waiting for the assessments; if there's a chance of these doubling,which is possible, but obviously not guaranteed,then I would have thought it was worth putting up with a few ups and downs until then!

IMO

[hazl] 13/4/2016 09:18

Good posts moneymunch


e

[west4] 13/4/2016 09:17

Bet you're relieved mm. Good thing you didn't have the funds on Monday - although in the grand scheme of things .2p will hopefully be neither here nor there......

gl.

[datait] 13/4/2016 09:08

Oil price doing well could be up as much as $47 to $48 today.

[datait] 13/4/2016 08:42

We will be in the blue very soon folks. Unlike xtr lol well 12bn just getting a touch of his own medicine.

[moneymunch] 13/4/2016 08:22

Lol, and at 2.119p already in profit....Onwards and Upwards as oil trends up!!! ;-)

[moneymunch] 13/4/2016 08:19

Thankfully no news today as that's this years ISA is now full of Ukog for me......and now expect a significant rise on delivery of the Nutech/Xodus reserves update followed by a major re-rate on publication of the Ernst and Young economic report on the Kimmeridge.......after that we should get a mention or two by UK Govt. Gla longs, truly stunning transformational prospects and potential ;-))))

[fission453] 13/4/2016 08:12

Come on datit, tha is slacking!!!!!

[hazl] 13/4/2016 08:11

yep....it'll settle down soon.

IMO

[moneymunch] 13/4/2016 08:09

700k plus top up for me....Gla ;-))))

[datait] 13/4/2016 07:51

Great news should see all oil stocks up this morning.

[hazl] 13/4/2016 07:48

oilprice up see above link

[datait] 13/4/2016 07:40

Pmsl 12bn is not happy as the news is not good on xtr

[gismo] 13/4/2016 07:25

Front page Financial Times today. http://en.kiosko.net/uk/np/ft_uk.html

[moneymunch] 13/4/2016 06:41

ps Angus recently raised cash by selling their share of HH to RGM to fund Brockham and Lidsey where Ukog retains a percentage, the current production comes from the Portland interval and no doubt they now intend to drill deeper into the Kimmeridge limestones to replicate the success at HH.....Holmwood lies between HH and Brockham. Gla ;-)

[barrabod] 13/4/2016 01:06

I don't think the BE will be as high as $40. Europa said theirs is $30, and they aren't producing much oil.

[temmujin] 12/4/2016 22:49

i got my figures from ukog website or similar...$40 is incorrect for on shore...looking at $20 max before profit is made....