Uk Oil & Gas Share Discussion Threads

[niceyman1] 21/4/2016 13:33

Prepare to rumble?

[moneymunch] 21/4/2016 12:32

Good news coming.....:-)


21/3/16

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.

[moneymunch] 21/4/2016 12:30

Crude oil prices rose to a five-month high on Thursday after the International Energy Agency said that 2016 would see the biggest decline in non-OPEC production in a generation, helping rebalance a market dogged by oversupply.

[hazl] 21/4/2016 12:27

It seems to me there is a ready buyer for every sell today, hence the chart.


IMO

[hazl] 21/4/2016 12:07

Well we like to make up our own minds.....based on good solid facts.
There seem to be a lot of people desperate for this to go down.....chuckle

IMO

[moneymunch] 21/4/2016 12:01

Lol :-))))

[funkmasterp12] 21/4/2016 11:46

I think that's apophenic at best moneymunch. If it does track oil on a tick basis I would consider that to be entirely coincidental. On the daily, weekly and annual charts there is zero correlation.

[moneymunch] 21/4/2016 11:46

Pps Brent at $45.90.....all bodes well for extra value to the imminent reserves upgrade. Gla longs:-)

[moneymunch] 21/4/2016 11:43

Ps funky, today Ukog's share price is static, the calm before the storm imho, but there have been countless other days where the share price has tracked the daily rise and fall of poo.....gl ;-)

[moneymunch] 21/4/2016 11:40

Lol well said Simon, it wasn't that long ago that some Aim listed explorers market caps were valued at £250 m plus, just on speculation of what might be there in some far flung offshore location......Ukog know the oil is there, it was free flowing beyond all expectations and potentially looks like multi-billion barrel volume.....hopefully full market appreciation will arrive sooner or later, which will be enhanced by the correlation in the recovery of the price of oil. Gl :-)

[funkmasterp12] 21/4/2016 11:39

But the assumption is because Brent rises, UKOG will rise. Brent is currently rallying but UKOG is down, and there is no analogous long term trend between the UKOG share price or the price of Brent that I can see.

So therefore why is it important?

I agree to PMO, TLW etc it is. But not currently to UKOG.

[simon8] 21/4/2016 11:09

First foray back into this BB for quite a while as became totally bored with it and have most on filter but back because of such a strange statement - even oil in the ground in an undeveloped site has a value and therefore a correlation to current oil price ...if it didn't on what basis do you think oil industry M&A / farm-in deals are made... how do oil companies reach their valuations.... ONE OF THE CRITICAL ASSUMPTIONS MADE IS THE OIL PRICE......IT IS LARGELY DRIVEN OFF THE OIL PRICE (capital, debt etc all come into play also), sorry for the capitals but I felt like shouting the point - though to anyone with common sense it is bloody obvious...I've worked in Finance in the industry for nearly 30 years so I can guarantee you the oil price matters!!!!

[funkmasterp12] 21/4/2016 10:56

Nothing from me... just to make it really clear, if Brent dropped below $40 or even $20, I still don't think it would have any impact on the UKOG share price.

[moneymunch] 21/4/2016 10:53

Lol plenty of correlation from you and your cohorts when Brent was sub $40, sub $30.....a recovering oil price is great news for Ukog, and will make the imminent reserves upgrade from Nutech and Xodus even more attractive for potential investors. Gl :-)

[funkmasterp12] 21/4/2016 10:35

A lot of the major oil stocks yes, but not UKOG. There is no correlation at all. You might as well talk about the weather at Horse Hill - if it's sunnier, they can get more oil out!

[moneymunch] 21/4/2016 10:25

Look at the long term chart of every listed oil stock and they have all tracked the price of oil.....the detractors were very vocal about HH commerciality when Brent was sub $40, and so what correlation would we see in Ukog's share price if Brent was at $80 plus???? Double or even treble to where it is pre-production. Gl :-)

[theuniversal] 21/4/2016 10:14

I agree hazl. I bunch my trades bi monthly unless juciey price awaits. Timing is everything

[hazl] 21/4/2016 10:12

you only have to look at today's chart to see the push and pull of that.
I don't want to pay lots of commissions,myself.

IMO

[hazl] 21/4/2016 10:10

naturally but when news is expected...........

[theuniversal] 21/4/2016 10:05

Hazl you will get sellers traders taking profits.. long term holders buying in cheaper like me.. pi's and their t- trades. Shorters going long/short. III Investors/fundsAll types at any given time and price..

[funkmasterp12] 21/4/2016 09:51

Show me the correlation between Brent and UKOG.

[moneymunch] 21/4/2016 09:47

Lol funky, the price of Brent correlates to the value of every listed oil stock, and the current rise suggests that oil's undoubted eventual recovery could be on its way. Many analyst are expecting $50 plus and more for second half of 2016 and a full recovery for 2017.....perfect timing for Ukog and a multi-billion barrel high quality oil discovery......gl :-)

[hazl] 21/4/2016 09:28

Looks to me that Zac Mir will be right with his prediction that if it stays above 2p it will be onwards and upwards.
It keeps hovering around that pivotal point and with many of us eager to see the report then they are not going to get so many sellers is my view.
If anything speculators coming in.
Time will tell.

IMO