Uk Oil & Gas Share Discussion Threads

[temmujin] 27/2/2016 12:56

news monday by all accounts

[moneymunch] 27/2/2016 12:31

Extended flowtest OGA approval equates to 90 days maximum. GL ;-)

[cervelo] 27/2/2016 11:25

How long have they got to flow test? Is it 30 or 90 days?

[wetdreams] 27/2/2016 10:38

In the next twelve-month period the Directors expect to see a number of positive developments for the Group.

· HHDL expects to complete the two remaining flow tests of the Horse Hill well operation in the Upper Kimmeridge limestone and Portland sandstone. We plan to return to the well to conduct a long term production test and horizontal sidetrack well, to establish the most likely expected recoverable volume of oil from the well. Preparations are now underway to submit the necessary documentation to acquire the regulatory permissions to proceed towards further appraisal and development of one or more zones of the well. These permissions will include the capability for additional phases of development drilling.
· UKOG is well advanced in the construction of a Field Development Plan for the Markwells Wood oil discovery (UKOG 100% and Operator). This will likely be completed and submitted to the OGA by June 2016. Planning permission will also be sought from the South Downs National Park Authority before end 2016.
· UKOG will finalise the onshore Isle of Wight licence (PEDL331, UKOG 65%) with OGA, following the 14th Round award.
· UKOG will continue with well design and preliminary regulatory steps necessary to drill an appraisal well on the Arreton Main oil discovery in PEDL331 (UKOG 65%) and an exploration well on the M Prospect in P1916 offshore Isle of Wight (UKOG 77.5% and Operator).
· UKOG is considering drilling an appraisal well on the Baxters Copse discovery (IGas 50% Operator, UKOG 50%).
· New production wells are being planned on two of Angus Energy's producing licences (Lidsey and Brockham).
· UKOG plans to continue to expand its licence position in the UK onshore, particularly in its core Weald Basin tight-oil plays, with additional exploration, development and production investments. The UK onshore continues to be an attractive buyer's market for assets given the Company's cash position.

[wetdreams] 27/2/2016 10:36

Mug punters come to mind..I take it your cash has been spiked which I did warn you all it would happen...

[pathai3] 27/2/2016 10:27

#Another Big Week On #Aim Market #LGO #88E #PCI #THR #MXO #PGD #ACE #BEM #EDL #RGM #ALBA

[eddie max] 27/2/2016 09:26

Oh dear - wetdreams will need more than a cash machine for the Liable case..!!

;)

[moneymunch] 27/2/2016 07:36

Exciting, impressive and truly transformational......gla lucky ones, flowtest data from the Upper Limestone imminent. ;-)

26/2/16

Of great significance to UKOG is the recent news that the initial HH-1 flow test within the Lower Kimmeridge limestone was a success beyond our expectations. The sustained natural flow rates exceeding 450 barrels per day, of dry, 40 degrees API oil, were obtained from the Lower Kimmeridge limestone over a 3-day period without significant pressure depletion. I had the privilege to witness the first two 170-barrel road tanker oil-exports leave for the refinery, a major milestone for UKOG. The far higher than expected sustained natural flow rates demonstrate that commercial flow rates are achievable from this rock even using a vertical well.

I should stress that this was a truly ground-breaking operation, as this was the first ever test of this rock unit in the United Kingdom. The results have proven our new geological concept that light, sweet, moveable oil exists within the Kimmeridge section in the Weald Basin. This update provides further confidence in the estimates of possible recovery factors from the significant tight oil in place ("OIP") within the Kimmeridge of our licences, previously reported from Nutech and Schlumberger's studies undertaken last year.

Simply put, the flow test accelerates the Horse Hill Kimmeridge project and the Kimmeridge within our other interests in the Weald Basin, from geological concept to a potentially viable commercial project.

HHDL now plan to obtain new regulatory permissions to return as soon as practicable to the HH-1 site to conduct a long term production test. This will likely utilise a horizontal side-track well to potentially further improve the flow rates seen to date, and to establish the likely volume of recoverable oil per well.

As a result of the findings of the HH-1 well and the comprehensive technical studies carried out by experts such as Nutech and Schlumberger, UKOG's investee companies are in a vanguard position in developing the Kimmeridge play over our licences and the wider Weald Basin.

[niceyman1] 27/2/2016 05:40

You need some sleep?

[moneymunch] 26/2/2016 17:05

Uk Oil & Gas Investments (LON:UKOG) “Buy” Rating Reconfirmed by WH Ireland

The TP Given is GBX 5.00

February 26, 2016

Uk Oil & Gas Investments (LON:UKOG) Rating

In a note sent to investors on Friday, 26 February, Uk Oil & Gas Investments (LON:UKOG) stock “Buy” was maintained by WH Ireland. They currently have a GBX 5.00 price target on the stock. WH Ireland’s price target suggests a potential upside of 78.57% from the company’s previous close.

[cupra kid] 26/2/2016 16:46

lol.Overall I think the share price has held up very well after rising circa 100%. This slight pull back is very healthy (nothing goes up in a straight line) and is primed for another attack of 3-3.1p. Good data on the upper limestone could be the trigger.

[forwood] 26/2/2016 16:26

If it goes back down to 2.6, I'll have mine with guacamole Kid!

[cupra kid] 26/2/2016 16:23

Bailing? I would suggest the dips are being well bought into.

[forwood] 26/2/2016 16:16

Looks like more bailing...beginning to be a good intraday trading share!

[moneymunch] 26/2/2016 16:08

Yes indeed, and obviously informed at that.....GL ;-)

[lithological heterogeneities] 26/2/2016 16:07

...I would not want to be out of this over the weekend :0)

[lithological heterogeneities] 26/2/2016 16:07

Almost certainly an RNS on Monday imho and...

[lithological heterogeneities] 26/2/2016 16:05

yes...but it was a good post :0)

[moneymunch] 26/2/2016 16:05

ps a blue finish would be nice.......flowtest data from the Upper Limestone imminent!!! ;-)))

[moneymunch] 26/2/2016 16:04

Lol, his one and only post.....gl ;-)

UKOG
Flow test
Today 11:35

Second flow test to start today. Tank is sited and piped and, will comfortably cover two 10-12 hour flow tests. Weekend testing avoids any tanker movements in or out when the unwanted guests are typically at there largest numbers, allowing for tankering out on Monday.