Uk Oil & Gas Share Discussion Threads

[moneymunch] 19/4/2016 15:40

Blue finish as the basher's arrive??? Lol.....gla longs.....if there are billions of barrels of oil recoverable, then the Government will want it out of the ground. Wytch Farm peak production was 110,000bopd from 100 wells at 13 multi-pad well sites, all nestled out of sight around Poole Harbour, an area of truly outstanding natural beauty and nature reserves. Their safety record is outstanding, much of the oil is piped to nearby Fawley, and no doubt Ukog will use this example when they sit down with the PM et al once the Nutech /Xodus Reserves Update is delivered. Gla longs , exciting times, On and Up!!! :-)

[beebong1] 19/4/2016 15:36

Road tanker loading and discharge rates limit the number of tankers per day especially when you consider they hold approximately 30 tonnes and the tanker can only pump at about 20 tonnes per hour.

[vitec] 19/4/2016 15:36

Do you honestly believe that UKOG will be in the driving seat? It is going to take a huge amount of money. The way forward will be if they have an interest or sell out to a much larger company that has deep pockets and can do what is necessary to maximise the asset they have. Anyone looking at this would wait until the government and/or organisations that give approvals have given the green light and everything is in place. I suspect then a big player will emerge. I don't think the sky high estimations given for the share price will ever come to fruition as anyone purchasing this will want to get in at a base price and keep the profits for themselves. Only my opinion but I have been here before.

[beebong1] 19/4/2016 15:23

Looking forward to HH flow tests on new wells thought it would be interesting to see how maximum bopd of 2500 set by SS and the number of tankers per day and the POO would affect future profits for HH and UKOG.
Not even going to predict what POO will be by the end of the year.


$45 barrel 1000 bopd = $5,000 a day profit $1.825m a year @ 27% = $492,750 a year profit
$45 barrel 1500 bopd = $7,500 a day profit $2.7375m a year profit @ 27% = $738,990 a year profit
$45 barrel 2500 bopd = $12,500 a day profit $4.5625m a year profit @ 20% = $912,500 a year profit

$50 barrel 1000 bopd = $10,000 a day profit $3.65m a year profit @ 27% = $1.232m a year
$50 barrel 1500 bopd = $15,000 a day profit $5.475 a year profit @27% = $1.095m a year profit
$50 barrel 2500 bopd = $25,000 a day profit $9.125m a year profit @ 27% = $2.464m a year profit

$80 barrel 2500 bopd = $100,000 a day profit $36.5m a year profit @ 27% = $9.855m a year profit

Obviusly the POO plays a massive part and the good news was the average POO for March was just over $40/barrel. Indications are the first half of April was about $41/barrel.
$45 a barrel won't even cover our admin charges a year IMO.

[on target] 19/4/2016 15:11

"you'd need over 40 a day to transport 7500. It's feasible but I can't see it getting permission"

That doesn't seem much at all - one tanker every half an hour is hardly going to cause traffic jams?

[funkmasterp12] 19/4/2016 15:11

"To sink 2,400 wells in the Weald, oil companies would need to double the drilling rate of the past '40 years' across the whole of the UK !!! Official data reviewed by DrillOrDrop in January found there were 1,179 wells drilled from 1976-2015."

That is hilarious. Good spot.

[atino] 19/4/2016 15:08

Hazi...'my avatar' only deals with articles & statements of 'facts' - be it 'good or bad' - not in should be's & could be's:-)...because that's how often news could travel - good or bad....

But if you have the confidence in the 'full' project life cycle coming to fruition, then that is your prerogative, or right to do so ^__^

(...i choose not to comment on such matters...and merely post the information up ^__^) The rest is down to the readers:-). "Sharing is caring" right? *__^ TC & ATB buddy

[hazl] 19/4/2016 14:49

However,it will contribute greatly to the UK' going forward.


'
- Future peak oil production could provide approximately 4% to 27% of 2014 UK daily oil demand over the life of the project

-- The Gross Value Added to the UK economy could range from GBP7.1 billion to GBP52.6 billion


IMO

[atino] 19/4/2016 14:41

and BTW....


For all those loving John Moylan's 'BBC article' (...as a result of EY's report)...DID YOU'S KNOW that:


...that EY had assumed 300 wells in 25 locations for the low scenario and 2,400 wells in 100 locations for the high scenario ??

To sink 2,400 wells in the Weald, oil companies would need to double the drilling rate of the past '40 years' across the whole of the UK !!! Official data reviewed by DrillOrDrop in January found there were 1,179 wells drilled from 1976-2015. The average number drilled per year was 29, ranging from a high of 71 in 1986 to 8 per year in both 2015 and 1976.

Going forward, the 'consortium'...would need to drill 'DOUBLE' the amount....(as they have done in the past 40 years !!!) Ouch....(more confetti/fund raising please, my good sir! ) *__^

[atino] 19/4/2016 14:34

"BOLD claims"...(i tell ya:-)...but its not like we haven't heard this before ! *__^ Right "Dallas" lovers ???

[atino] 19/4/2016 14:30

UKOG Interview (...a Chairman getting excited about 'on the ground' figures, and not on 'proven' reserves *__^ !!!) [...as if, this 'consortium' ever needed an invitation to ramp, or to blow their own trumpet! LOL] - hxxp://www.directorstalkinterviews.com/uk-oil-gas-investments-plc-6-18-months-see-significant-returns/412699829

[hazl] 19/4/2016 14:17

just treading water here for now by the looks of it.

[kenbos] 19/4/2016 12:16

Galvan have done a report as well its on the favourable side

[vitec] 19/4/2016 11:25

Volume of shares traded is low. No momentum at the moment.

[geoff0458] 19/4/2016 11:17

Also an article in the I news paper today.

[moneymunch] 19/4/2016 10:06

SS stated in his IG interview that the Govt. should be rejoicing at the flowtest data and that they had a meeting planned "very very soon"

UKOG shareholder's and government should rejoice in HH well.

Meeting with government very very soon.



Presumably they will be waiting for full flowtest data from HH and no doubt the Ernst and Young study/report in time for the meeting at No.10, and Cameron's recent appointment of Schlumberger's top man as advisor should also help to speed up proceedings......HH will be fast tracked imho...GL ;-)

[vitec] 19/4/2016 10:02

I have also bought a lot more shares. Being contrarian sometimes can be hard. You fell you are the only one that truly understands what is going on. That is why the rewards can be so great. 88e is a prime example. Went as low as 0.3p and then flew upwards to 3p. It is only a matter of time but it can be painful along the way!

[moneymunch] 19/4/2016 10:00

Ps presumably SS will be waiting for the Nutech/Xodus upgrade for his meeting at No.10 to discuss the Ernst & Young economic study and possible fast track. Gla longs, amazing prospects and potential ahead. :-)

[moneymunch] 19/4/2016 09:55

Hold on tight, this will bounce soon enough on the reserves upgrade expected soon..top up time for me....gla ;-)

[vitec] 19/4/2016 09:38

UKOG has had lots of media attention. The sad truth with this is "don't tell me, show me" They want hard evidence that goes beyond the flow testing. Remember, many in the city stumped up for shares at 2.25p only to see them fall back to 0.9p. They have long memories and the phrase "once bitten, twice shy" comes to mind