Uk Oil & Gas Share Discussion Threads

[funkmasterp12] 26/4/2016 17:12

You have no problem with UKOG raising money to buy MPET's share?

They'll need a serious amount of cash which will dilute your holding to smithereens.

This isn't a case of "we'll buy MPET's share because it'll be going cheap and we'll nab a bargain" (which, by the way, will immediately de-value HH). Even that is making a huge assumption that MPET will just gift it away.

UKOG will be liable for more share of ongoing costs and on tiny previous year revenues, do you really want the company burdened like that?

You'd be looking immediately at an share price of c. 1.5p (as any fund raise of that size would have to be seriously dilutive). Assuming some of that stock gets flipped, you'll be looking at an overhang the size of Everest. MPET themselves have said there's no short term revenue potential from the well, so how on earth do UKOG continue to pay for it?

It's suicide imo. The best thing to do is prove the value of what's there - now is not the time to go accumulating on an unproven resource! (and yes, it is still unproven despite the flow tests).

[moneymunch] 26/4/2016 17:00

and there lies the opportunity hazl, no guarantee but drill and flow data and Independant analysis from Nutech Xodus and Schlumberger suggest that HH's potential and our prospects look nailed on. Further validation from the imminent reserves upgrade and then on to the production flowtest test to finally confirm the world class discovery and significant recoverable volume. Gl.:')

Ps Lol robbie, you believe what you want, although I find it rather odd for any poster to completely chang their opinion within a week and still claim to hold £5k's worth. Ukog have increased their stake from Angus for £1m and 43m shares, a very strong indication and confidence from Ukog on the prize they believe they're sitting on, and still have over £3m cash in the bank.

Mpet's 35% is up for grabs because of the distressed position they're in, and I have no problem with Ukog raising more funds to take on the full 35% or 10% at the very least, as this will significantly increase Ukog's value on any oil produced at HH or on any move from a Major wanting in on confirmation of the asset. Ukog are not stupid, and so any likely placing would enable them to increase their stake and increase their cash reserves. A fully funded Ukog will see a flood of new investors imho and a successful production flowtest confirming significant commercial vokumes will see a flood of institutional investors imho. Gla longs, reserves upgrade coming. :-)

[markten33] 26/4/2016 16:23

Finally picked a strong stock. BOD up 150 per cent in AprilMight be a 10 bagger

[robbie1424] 26/4/2016 16:13

Oops sorry for double post (laptop)

[robbie1424] 26/4/2016 16:09

I just believe they are trying to run before they can walk.
Who foots the bills - Investors so they do not give a toss.

Why no Institutional Investors?
Why none of the bod or Lenny bought in?
Why no mention from Government?

Moneymunch- I just still don't believe it -Seen it toooo many times on Aim.
I really hope you are right as my £5k will certainly make very good money.

If they take Mpet 35% at what cost then they need millions to drill.
Placing would have to be huge 15-20m
Who takes the hit- Us investors

They are certainly keen to up their stake in HH as shown recently but buying assets does not put bread on the table with the amount they would be paying out.
Just like business- Build slowly,get the money in, then grow

[robbie1424] 26/4/2016 16:09

I just believe they are trying to run before they can walk.
Who foots the bills - Investors so they do not give a toss.

Why no Institutional Investors?
Why none of the bod or Lenny bought in?
Why no mention from Government?

Moneymunch- I just still don't believe it -Seen it toooo many times on Aim.
I really hope you are right as my £5k will certainly make very good money.

If they take Mpet 35% at what cost then they need millions to drill.
Placing would have to be huge 15-20m
Who takes the hit- Us investors

They are certainly keen to up their stake in HH as shown recently but buying assests does not put bread on the table it just gives then a sea

[hazl] 26/4/2016 16:06

That is just it everybody that posts here has an agenda ....or at least a bias.
We need some independent analysis.....or it descends into just a war of words.

I would say,nothing comes with a guarantee.

They have a resource it is only just being explored.

Accept that any new venture has its risks.....don't bet the farm.

Oil itself ...the price....has its own volatility.

They have only just started,to assess the whole scenario give them a chance.

IMO

[rootsman1] 26/4/2016 16:01

Just had a thought, If Brent crude is a trading classification, and is running out, does that mean that the next-generation classification will be HH Crude?

[funkmasterp12] 26/4/2016 16:00

I've previously invested in similar stocks and enjoy discussing them. We've done this moneymunch - just filter me if you don't like it.

[moneymunch] 26/4/2016 15:55

Lol, and why else spend your valuable time posting on a bb where you're not invested?

[gismo] 26/4/2016 15:50

Of course I'm Gismo and Gismo is holding quite a few of these long term but I have traded a few...

[funkmasterp12] 26/4/2016 15:33

I take it you are Gismo.

[funkmasterp12] 26/4/2016 15:32

No, not long or short. I would short if I could, but I can't.

I have previously been long ALBA and STG on the news of the HH spud and have traded in and out since. I'm not adverse to going long UKOG but absolutely not currently.

[gismo] 26/4/2016 15:31

Are you invested here Flunks?

[funkmasterp12] 26/4/2016 15:25

Yep! My opinion means absolutely nothing in the scheme of things, you're right :)

[moneymunch] 26/4/2016 15:21

Lol yeah right....just like your opinion. :-)

[funkmasterp12] 26/4/2016 15:18

We've done that one - price of Brent means sweet FA currently.

[moneymunch] 26/4/2016 15:17

Brent trending North at $45 plus and rising. Gl :')

[moneymunch] 26/4/2016 15:14

Ukog plan to be the leading player at HH and the multi-billion barrel potential of the Kimmeridge, and will increase their share in a manner that will be acceptable to all genuine shareholders. Gla longs :')

DirectorsTalk ‏@DirectorsTalk
#UKOG S Sanderson presented KIMMERIDGE OIL potential & impact on UK Energy Security Slides here -

- - $UKOG

[funkmasterp12] 26/4/2016 15:08

But exposure to MPET's 35% means exposure to the additional cost. That'll wipe out UKOG's cash flow immediately, and without any meaningful revenue coming in it'll mean fund raise after fund raise just to keep the lights on! It would be madness.

Which probably means they'll do it!

[moneymunch] 26/4/2016 14:43

Lol you're completely wrong robbie imho and in disbelief along with the other detractors but each to their own, and I assume that's 5000 shares you're holding as I can't believe why you would hold £5k with that point of view.......the free flow from the Kimmeridge limestones at HH is the highest from any UK onshore well.....Wytch Farm originally flowed at 600bopd and eventually peaked at 110,000bopd from 100 wells at 13 multi-pad sites. HH will be far bigger. Gl :-)

Ps i hope Ukog grabs the whole of Mpet's 35%......Nutech's imminent update will give an indication of how much oil and how much is likely recoverable, and the planned production flowtest will confirm if the multi-billion assessment is correct.....and the bigger share Ukog holds, the higher returns for all shareholders .

[robbie1424] 26/4/2016 13:57

It is funny how different things are posted.

The version I read:that they said "Results from HH were encouraging but it would not generate any income in the near term future" which they desperately need.

We will know in the next few months where this is heading.

If Ukog take out Mpet I think it is a bad move (too much risk) as they are going to need Millions to drill.

Yes ukog may be very happy behind the scenes about HH but they will also understand the huge risk in biting off so much of HH.

They get this wrong they will be delisting inside 2 years and bang goes their easy lives robbing from aim and Investors.

Such a good find but as yet no IIs- MMMM

I'm long here 5k but very sceptical and I wont be investing another penny until the picture becomes clearer and I would advise the same for you all.

The thing that is nagging me are the flow rates -Tooo good to be true off a tight oil play but if its all above board and there was no stimulation then yes the future looks bright.

We all know the saying "when it looks to good to be true.

Also if it was such a game changer not one of the bod,Lenigas have bought in the open market which would really stir up the share price and show some faith in HH
BUT they have not and that says a lot.
I will be told next that they are buying in a placing (yes at cheaper rate to make guaranteed money.

Things should be happening very soon on this Report/Government granting permission for long term flow test and fast tracking IF what has been said is true.
So lets watch

I HOPE HH is for real BUT personally _its just a punt on another Aim stock that is being fantastically ramped.

This can drop to 1.2 for me but feel for peeps who bought a lot higher and I say don't be sucked in,Average down until you know ALOT more.

Money- I know you wont like the above as you have posted some good Information BUT your going on the companies information and on Aim there are a lot that get sucked in just so BODS can keep getting paid and to keep the lights on.

Hope I am wrong.

[atino] 26/4/2016 13:03

...i tell you what Gismo [...i need a 'dog tag' to add to my exiting collection! LOL *__^]



Drilling at Holmwood is imminent [...to be conducted by Egdon Resources very soon!].... and as it is adjacent to the Horse Hill oil discovery - it will be closely watched *__^



...lets see what fruits it shall bare huh?....AND THEN 'ACCORDINGLY'...YOU SHALL BE 'OWNED' ! *__^

[beebong1] 26/4/2016 13:03

UKOG have paid £4.1m in cash and shares for a 27.3% of HH. Even if they pay £8m for Magellan 35%, £12.1m for 62.3% isn't too bad.

2400 bopd @ $30 a barrel profit (POO $70) and paid for itself in 1 year ;o)

Additional funding will probably be required for drilling but not a bad illustration of what might be.

The POO and how oil is moved to the refinery being the big hiccups IMO. Solve that and the future is "Orange".

[atino] 26/4/2016 12:40

If being 'arrogant'...is the end result of producing 'statements of facts', and bringing forward your pieces of 'evidence' to the table ...


...then so be it ^__^







[BTW...do you know how many 'avatars'...'my Atino' has OWNED, over the years ? *__^ LOL]...forgive me if i sound 'pompous' yet again *__^ LOL