Uk Oil & Gas Share Discussion Threads

[wetdreams] 28/2/2016 12:46

Forwards no disrespect to you or any share holders but after 20 odd years of investing in aim and other markets I am sick of seeing people losing there money bmd although I do think he is a tossed and armed robber has imo got this spot on ..my advice is to sell wait for placing then buy back if you think this is going somewhere..people imo have even got me wrong..but time will tell if that's the case..know the game as they say ....forwards put money into Ars trust me on that ..under radar but a gem ...come back to Ukog later if the price is right...

[moneymunch] 28/2/2016 08:07

ps all eyes on the imminent flowtest data from the Upper Limestone, BMD was suggesting days ago that the flow wasn't as good as the Lower when it was clear that the test hadn't started, and now he's stating that it's "an educated guess", of course he could be right, but if he's not and the Upper Limestone is more prolific, then the upside should be breathtaking.......we know that the pressure in the Lower Limestone is immense according to RGM's Ceo and as oil migrates and is pushed upwards, there's every chance that the Upper Limestone will be just as impressive......not long before we find out. GL ;-)

[moneymunch] 28/2/2016 07:41

TU, given the declining fortunes of North Sea Oil and the UK Govt. pressing ahead to fast track "fracking" in the UK, full oil production at HH and the Weald will undoubtedly be fast tracked imho. 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 ;-)

"A Number 10 spokesman confirmed the appointment of Heidari-Robinson, who started in the job September 2015. It is understood he will serve as a lead energy and environment adviser to the prime minister, liaising with senior ministers and officials across Whitehall. "



Hopefully UK Oil & Gas Investments PLC's (UKOG) activities in the Weald
basin of south-east England have raised awareness of the potential for
significant tight oil production to help assist UK energy security.

If successful, the impact could be similar to that of shale gas. Following the drilling of UKOG's Horse Hill well in 2014, world renowned analysts Nutech estimated, in October last year, that there are 124 billion barrels of tight oil in the ground in a 1,261 sq mile area of the Weald.

Approximately 80 billion barrels are in Kimmeridge clay. The first extraction target lies within two limestones in the Kimmeridge, which Nutech calculate to contain 19.5 billion barrels of oil in the ground.

These are serious numbers from a serious business.

Ernst & Young (EY) will soon publish a study which assesses the potential
economic impact and benefits of tight oil extraction from these Kimmeridge
limestones. EY show that production could contribute between 4% and 27%
of the UK's current oil consumption with an associated total value contribution to the economy of £7 to £53 billion over the life of the project.

The Chancellor will be particularly interested to read that tax contributions
could be anything from £2-18 billion.

[lithological heterogeneities] 28/2/2016 02:36

Looks like an interesting week ahead with a probable phase 2 oil flow result RNS on Monday and a "game changing article" to boot.

[lithological heterogeneities] 28/2/2016 02:32

from Guyjonyguy on LSE:



"This Weekend LSE Share Talk will be delivering TWO game changing article #HorseHill & #88E As promised in our last poll @slarratt1 is back!"

[wetdreams] 28/2/2016 01:07

6, 2016 DAN LEVI

As ever yours truly has managed to get the info no one else can, on the Horse Hill players. I can exclusively reveal that UK Oil & Gas (LON: UKOG) (As well as others) are lining up a huge placing on the back of their Horse Hill success story. The last piece of the jigsaw fell into my lap this afternoon. Our City sources have confirmed it. It’s a tightly kept secret however we have four different sources all confirming that the Jermyn St bat phones have been buzzing since last week putting out the placing feelers. Not only on UKOG but on most of the HH players.  There’s a big dilutive placing being lined up, we believe it could be as high as £10,000,000. UKOG results released today make interesting reading

The current market conditions will almost certainly mean that it will have to be heavily discounted. This shouldn’t come as any surprise to all those who know how the market at this level works. There’s a big promotion going on to get the UKOG share price up to higher levels so they can reap the benefit and place into it. CEO Stevio Sanderson has been doing the rounds on the ‘Promo Circuit’ these are the usual precursors to placing’s. Regardless of what cash they held circa £4.5M in todays RNS. Make no mistake. They’ll go for a cash and grab while their share price is buoyant.

They’ll be seeking to get as much money in as is humanly possible. Like most of the placing’s that come out of the Jermyn St offices, they’ll move very quickly, the placing will be done within 24/48 hours after they give the greenlight.

At current levels the placing would have to be sub 2p on a 30% discount. What that means is that any one holding at these levels will automatically take a kick in the teeth.

News from the site is being tightly managed but we think the Upper Kimmeridge will not flow at Lower Kimmeridge levels. Educated guess possibly up to 150bopd. We did hear that 80-100 bopd had flowed but could not confirm this. Looks to me like they are trying to get the Upper Kimmeridge up as high as possible to keep the good news story going, hence the delay in news. Once they announce phase2 and phase3 they will seek to place.

Remember once all the hullabaloo/news dies down after the flow testing (like most AIM stocks) the Horse Hill players will slowly start to fall in value until the next phase of operations start to hone interest again. Repeat cycle.

Don’t get caught in the cycle.

 

Viva

Knowing Dan and who he knows he has defo got wind of something ...but this is exactly the same as I have been saying for a while now..so my sell call stands ..

[rayrac] 27/2/2016 22:44

Nodding donkeys in the vid above, so some places/wells, in the Weald, need lift assistance. From the upper strata?

[rayrac] 27/2/2016 21:04

What mystifies me, is that no one seems to link the crazy posting from the likes of lyndham et al, to the crazies at the HH well site!

With their agenda, they would be fools not to try and dissuade posters on this and other threads. IMO.

Thank goodness forwood is on the spot!

[forwood] 27/2/2016 17:03

Look, the idea of this thread was to get rid of incessantly boring ramping, deramping and trolls. You can be negative, so long as it isn't an outright lie. Flagging something as a rumour is just about ok.

What mystifies me is why you are posting. What's your motive?

[wetdreams] 27/2/2016 16:28

Forward so it's ok to let others post statements that are lies as long as it is to ramp Ukog.dont worry I will not post on your one sided thread again..but still stand by call that this is a strong sell at this price and is over valued.next week will see the share price decline even more as rumoured placing spooks investors BMD has got wind of something .so have others on Twitter ..anyway chow

[theuniversal] 27/2/2016 15:41

Sorry forgot to finish by adding..To make one or more of the wells economically commercial...

[theuniversal] 27/2/2016 15:32

Moneymunch $40 is breakeven for ukog. So bodes well for the imminent flow rates and horizontal testing... fingers crossed it aint gonna take 1 - 2 yrs to get there... typical uk bureaucracy, hope common sense privails. And fast track this by september

[moneymunch] 27/2/2016 15:20

$40 plus by end of March.....all bodes well for added value on the expected rise in the price of oil. GLA ;-)

Brent crude futures were trading at $35.12 a barrel, down 17 cents from their last close, but rose to $37 earlier in the session, the highest since Jan. 5. For the week, Brent was up about 7 percent.

U.S. West Texas Intermediate (WTI) crude futures for April delivery closed 29 cents lower, at $32.78 a barrel, but still managed to gain about 3 percent for the week.

Some analysts and traders were pricing oil higher in the near-term.

Hans Van Cleef, senior energy economist in Amsterdam for ABN Amro, said Brent's break above the $36.25 technical resistance indicated "more short covering in the coming days."

Jeffrey Grossman, dealer at New York's BRG Brokerage, said he expected U.S. crude to trade at over $40 by end of March.

Strong gasoline demand in the United States, and an upward revision to the country's economic growth for the fourth quarter, helped boost expectations of oil consumption.

[theuniversal] 27/2/2016 13:45

Forwood that seems a fair write up ... but enoughs enough. . And yes I would ban and or moderate temmujin ...

[ibug] 27/2/2016 13:39

Looking very good---GLA

[theuniversal] 27/2/2016 13:34

Temmujin are you on the board of directors or just insider trading?

[forwood] 27/2/2016 12:57

Wetdreams - I have moderated post 304 as it is a blatant misreading of the results statement that you have used to concoct a false and misleading statement. Any further behaviour like that and I will ban you from posting on this thread.

Also moderated another relating to that claim and adding that you have been to the site to verify removal of equipment and in the same post say you live abroad.

Also, this company statement:

'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.'

does not allow you to conclude they will return at a later date to complete the flow testing.

[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 ;-)