Uk Oil & Gas Share Discussion Threads

[hazl] 22/4/2016 12:42

YES GOOD SPEAKERS there MM I am also interested in FFWD also represented.

[moneymunch] 22/4/2016 12:38

UKOG ‏@UKOGlistedonAIM
UKOG is pleased to invite you to listen our Chairman’s presentation at #MasterInvestorShow @masterinvestor tomorrow

[moneymunch] 22/4/2016 10:19

The detractors have only the placing scare tactic left as a negative, but 88e's massive over subscribed placing today has been well received, and Ukog
Is well ahead of the curve in flow testing, OIP etc in comparison. Any future placing by Ukog will very likely be at a premium of the current share price as the imminent reserves update should add significant value imho, and a fully funded Ukog will be the catalyst for all and sundry to flood in, including the city institutions who no doubt will be first in line. Gl :-)

Ps Ukog's current share price is an absolute bargain given the potential and prospects ahead, especially with the very likely recovery in the price of oil...... $85 by Xmas??? :-)))

[hazl] 22/4/2016 09:37

its only going to yo-yo between certain parameters until we get news anyway so I don't know why you bother.

IMO

[hazl] 22/4/2016 09:36

shorting brings the worst out in people....imo

[funkmasterp12] 22/4/2016 09:16

There's nothing wrong with offering balance. Please filter me if you don't like what I say.

[moneymunch] 22/4/2016 09:16

Cnbc.......Oil $85 by end of this year....gla ;-)

[gismo] 22/4/2016 09:03

Flunk why don't you go and find another board to annoy, you do nothing here to contribute. What a waste of your time.

If there is a placing, which I personally doubt, does it matter, it will ensure the company grows to get us into production.

[moneymunch] 22/4/2016 08:10

Lol funky.....bring it on....A completely fully funded Ukog with the potential of so much oil, Onshore UK, will see a stampede of new invetsors pushing up the share price to new highs. Gla longs exciting times. ;-)

[hazl] 22/4/2016 08:06

you shorters must be worried watching like a hawk ....lol

[funkmasterp12] 22/4/2016 07:43

Or a flood of potential new placees. I highly doubt he's there to promote to PIs.

[gismo] 22/4/2016 07:36

Thanks mm should be good publicity

[moneymunch] 22/4/2016 07:20

SS is presenting at the Masters Investors show in London tomorrow, maybe a flood of new investors come Monday, especially if the imminent reserves upgrade lands. Gla ;-)

UK Oil & Gas Investments Plc

UK Oil and Gas Investments (UKOG) is a dynamic and innovative British oil and gas company, listed on AIM and ISDX, with a portfolio of direct and indirect investments in 11 UK onshore exploration, appraisal, development and production assets. They are all – bar one – onshore, primarily focused in the Weald Basin in southern England and count Horse Hill Discovery near Gatwick Airport, as well as 4 producing assets which are cash generative. The strategy is to grow the core business in the Weald by developing the Markwells Wood oil discovery, appraising the Horse Hill and Baxter’s Copse oil discoveries, and also via new exploration and acquisitions in the Weald and Isle of Wight. UKOG intends to produce oil and gas by conventional methods, at the same time working with technology partners to research, develop and prove technology that can recover hydrocarbons from geological formations in ways that are at the cutting edge and as non-intrusive as practicable. The Company strives to support the drive for increased energy security for Britain, while preserving the natural beauty of the Weald region.

[moneymunch] 22/4/2016 06:51

In SS we trust.....gl ;-)

"with something that ultimately that has value in dollars up to $10 a barrel is a very good move and if people stay in for the long term, and long term being 6 months to a year to 18 months which is not that long, then they could see very significant returns I think."

[theuniversal] 22/4/2016 01:34

Mm 3296I agree with those figures. Looks fantastic for a possible 10% or more recovery figure... plus a rerate of the 10.993 bn oip figure. oh happy days. ..$40 break even and by time final test drilling and flow rates poo hopefully at $60

[uxbridgearms] 22/4/2016 01:28

Always long and always strong our day is coming.

[moneymunch] 21/4/2016 20:46

SS does state above ....."now I’m specifically focussing on the Kimmeridge limestones, Nutech calculated that we had a billion barrels of oil in the ground over these licences"......and so maybe the figures quoted are correct as they relate only to the limestones rather than the whole of the Kimmeridge shale interval??? Of course there's every chance that on extraction of the oil from the limestones, more oil will migrate into the void created, from the surrounding shale under pressure???....all will be made clear on the imminent reserves upgrade from Nutech/Xodus. gla longs ;-)

[funkmasterp12] 21/4/2016 20:10

So he doesn't even know his own numbers when he's promoting the stock? Classic!

[moneymunch] 21/4/2016 19:37

Lots of discussion earlier on Lse about the figures quoted by SS above, looks like he has made an error imho.....Schlumberger calculated c10 Billion within the HH license area, and so 10% recoverable would be 1 Billion and 27.3% of 1 Billion would be c280m barrels net to Ukog and not the 28m barrels quoted by SS in the interview.........maybe we'll get an Rns to clarify, otherwise the imminent Nutech/Xodus report will enlighten all. Gla longs ;-)



Schlumberger Independent Assessment of Horse Hill Licence Area

UK Oil & Gas Investments PLC (LSE AIM: UKOG) is pleased to announce that a mean Oil in Place ("OIP") of 10.993 billion barrels has been independently calculated by Schlumberger to lie within the 55 square miles of the PEDL137 and PEDL246 Horse Hill licences ("the Licence Area") in the Weald Basin, located in the South East of England. UKOG has a net attributable interest of 20.358% (now 27.3% ) in the Licence Area.

[hazl] 21/4/2016 19:31

Thanks MM it seems very exciting;a real growth scenario!

IMO

[moneymunch] 21/4/2016 17:03

UK Oil & Gas Investments PLC Q&A: Acquisition of Angus Energy

21st April 2016

UK Oil & Gas Investments PLC (LON:UKOG) Chairman and Executive Director Stephen Sanderson caught up with DirectorsTalk for an exclusive interview to discuss the Angus Energy acquisition



Q1: Now Stephen, yesterday you announced the acquisition of Angus Energy’s stake in Horse Hill, what was the rationale behind the acquisition?

A1: Well to be perfectly honest it was a bit of a no-brainer for us, this is arguably a flagship asset with the Gatwick Gusher in it. I think when you look at the recent flow tests, it was clearly a very significant well, a combined rate of almost 1700 barrels a day from the three zones, likely the highest rate from any discovery well in UK onshore and those rates importantly show us that it’s commercial from a flow rate point of view. So clearly we wanted more of it, we want more of this very exciting time particularly for the Kimmeridge limestone play and the Kimmeridge limestone reserves hopefully that we’re looking at because that’s very new and exciting and potentially very significant. So we’ve moved from just below 20% equity to 27%, so that’s a big jump, so now we have a much more material stake in this exciting time. I think it’s also worth saying that where we’ve stated that we’re very committed to the Kimmeridge limestone oil play over the basin and this is really just one part of our strategy to increase our licence holding in that Kimmeridge limestone play and really to make us the most prominent and largest player in the Kimmeridge limestone so as I said it’s a very simply rationale really.



Q2: How do you see the acquisition in terms of value and impact to UK Oil & Gas Investments?

A2: In terms of value, the acquisition is all about adding potential recoverable resources, from that point of view the value of the transaction is exceptional. I’ll explain a little, if you go back we’ve had various analyses done by Schlumberger and Nutech and also looking at analogues in similar type of rocks that produce oil in the United States and globally. We were looking at recoveries from the considerable oil in the ground, now I’m specifically focussing on the Kimmeridge limestones, Nutech calculated that we had a billion barrels of oil in the ground over these licences, the Horse Hill licences which cover 55 square miles so if you look at that the sort of average recovering was, then about 5%, looking for the 27% we now have we’re looking at net to us of 14 million barrels or so. The important take away from the Horse Hill flow test is that not only are the higher rates but the very low viscosity oil and the fact that it flows very freely, I think we could be looking at considerably better than 5% recoveries, maybe even up to 10% which you see in some of the analogous rocks say in the Austin Chalk in the United States. We could be looking at now 27% of 14 up to 28 million barrels net to us now that’s very significant but in terms of this acquisition, we acquired another 7.8% in the overall licences and that in using those ranges in recoveries, that equates to sort of 4-8 million barrels net to us. Now we paid £1.8 million for that so when you look at that in terms of cost per barrel of potentially recoverable resource, that’s very cheap, it’s sort of 23 cents to 45 cents a barrel, that’s very very low which is good if you’re acquiring.

I think people should understand that when we move this project forward in the next 6-18 months where we actually prove that we have commercial resources and reserves here that value per barrel is going to move significantly upwards so adding a lot more value to the company and to these assets. Looking at other assets in the basin and looking at other assets in the world which have very similar sort of rocks and performances to our Horse Hill Kimmeridge limestones I think it’s not beyond the realms of possibility that when we get to proven probable reserve we’ll be looking at in the range of $5-10 per barrel net present value so you can see that having paid only cents on the dollar with something that ultimately that has value in dollars up to $10 a barrel is a very good move and if people stay in for the long term, and long term being 6 months to a year to 18 months which is not that long, then they could see very significant returns I think. This is a very typical oil exploration story so I have to say I’m a little surprised at the market’s reaction yesterday that we added 37% of our flagship asset, 37% more potentially recoverable reserves and we didn’t see too much movement in the stock so maybe people should scratch their heads a little more.

[moneymunch] 21/4/2016 16:55

Domestic demand, and supply optimism

One place where demand is forecast to decline is the UK. But in contrast to the US - which thanks to the full-scale development of unconventional resources witnessed an 18.5 per cent decline in crude oil imports between 2009 and 2014 - the UK's import deficit is set to significantly expand between now and 2030. This trend began in 2005, when imports first started to exceed exports from the North Sea and elsewhere. In 14 years' time, the UK will rely on other nations for 71 per cent of its oil.



This week a report by the consultancy group EY was published, offering one highly speculative solution to this shortfall: the Kimmeridge Limestone in the Weald Basin in the south east of England. In common with rest of its output, EY did not compile the analysis out of the kindness of its accounting heart, but because it was commissioned to do so by UK Oil & Gas (UKOG), which owns a series of licences in the Weald, including a 27 per cent stake in the Horse Hill HH-1 discovery well. With that in mind - as well as the still nascent understanding of the discovery's commercial profile - the claims are nothing short of staggering.

Yes, the aggregate flow rate of Horse Hill's Kimmeridge limestones yielded 1,365 barrels of oil in recent tests. But EY's report then contained several quantum leaps. On these provisional results alone, future peak oil production could provide between 4 and 27 per cent "of UK daily oil demand over the life of the project", thereby adding up to £52.6bn in gross value to the UK economy, up to 5,600 jobs over the project lifetime, and tax revenues up to £18.1bn. It gets better. Because the production profiles used by EY assume an initial oil flow rate of 400 barrels a day, these economic impacts "should be considered as conservative".

If EY's forecasts are to be believed, it is surely a matter of time before UKOG and the other Horse Hill operators receive such market-defying investment.

[hazl] 21/4/2016 16:11

I wouldn't be surprised if we finished blue..........

[orinocor] 21/4/2016 15:59

I think you have your heads in the sand. That transaction valued the asset at £6.3M. It was a valuation event and would be used in the accounts to value the asset. Like in private equity when there is not a public listing how do you know how much something is worth.

[gismo] 21/4/2016 15:37

Ignore these idiots moneymunch, SS knows what he's doing. If they want to miss the boat let them, hope you can all swim lol