Uk Oil & Gas Share Discussion Threads

[rayrac] 13/5/2016 19:43

Hope you are not leading us down the TRP road MM. I find it hard to be an optimist from here.🙏ӿ97;💔👉;🏿💤

[moneymunch] 13/5/2016 16:36

Lol, no just optimistic as ever, and merely reiterating the message and expectations from SS. The consolidation of the share price suggests a significant rise on positive news and maybe a fund raising as well. Full market appreciation at long last very likely. Gl ;-)

[hazl] 13/5/2016 16:18

well,I am still here with a few moneymunch surely news at some point?

Where are we upto you seem well-informed?

[moneymunch] 13/5/2016 16:06

Anyone else excited??? Major news on its way imho, a stellar reserves upgrade and hopefully a placing to provide funding for at least another 10% of HH and enough cash in the bank for the foreseeable, to satisfy new investors and city institutions who will come flooding in, to a fully funded Ukog with a world class high quality oil discovery with multi-billion barrel potential. Gla exciting times and significant upside imminent.....imho.....;-))))

[aganatra20] 13/5/2016 09:19

DATAIT!! You're back! How are you?!?Why have you turned a new leaf!?

[aimstocks1] 13/5/2016 08:45

Petro Matad (MATD) Chinese firms have shown interest in the company’s Block 22
12th May 2016

[moneymunch] 13/5/2016 08:41

I posted this a month or two ago, but could be relevant if Ukog decided on a pipeline to Salfords Rail Yard. Gla ;-)

There's a 1,500 dwelling housing development on the other side of Reigate Road (A217) about a 1km from Horse Hill, which has just started, an existing oil pipeline is to be redirected, taking it closer to Horse Hill if you check out the maps from the link. Maybe Ukog could come to some arrangement with Esso to lay another pipeline next to Esso's which heads in the direction of Salford????

Oil Pipeline

An underground oil pipeline currently runs through the
site. Work is shortly due to commence to redirect this
pipeline away from the proposed housing area. These
works will be carried out by ESSO.

[moneymunch] 13/5/2016 07:41

Courtesy of maid on Lse

25 years or so ago, as a train driver, I used to work aviation fuel trains from the Isle of grain to Salfords goods yard where it was off loaded for Gatwick.
You are right, our oil could be shipped the 3 or 4 miles from HH to Salfords where the reverse could happen???
Just a thought.


Only 3 or 4 miles from HH.......a short pipeline from HH and/or any other future location to transport oil by rail???

Maybe Ukog could share facility with Day Aggregates development of the railyard.

The recommendation is to PERMIT subject to conditions.

PLANNING & REGULATORY COMMITTEE

DATE: 23 April 2014
Salfords Rail Yard, Salfords, Redhill, Surrey RH1 5DE

The development of a rail facility and recycled/secondary aggregates manufacturing operations on a site of approximately 3.5 hectares,

[datait] 13/5/2016 07:22

No not at all lol I have just changed a new leaf apart from that im a very busy man lol.

[aganatra20] 12/5/2016 22:22

What's happened to DATAIT? It used to post on here relentlessly!! Probably bankrupt now!

[moneymunch] 12/5/2016 11:44

LONDON—Oil prices edged up Thursday after a top energy monitor said that the global market is near balance.

The International Energy Agency said that global oil stocks will experience a “dramatic reduction” in the second half of the year on the back of strong demand and falling supply by some major producers. A series of production outages around the globe have also taken barrels out of the market in recent weeks, providing support to prices.

[moneymunch] 12/5/2016 11:11

Brent at $48 plus.....all bodes well for a stellar reserves upgrade....coming here soon. Gla :-)

[moneymunch] 11/5/2016 18:35

EY Report in full. ;-)

EY was commissioned by UK Oil & Gas Investments PLC (UKOG) to conduct an economic impact assessment of the potential benefits of investing in, and extracting Kimmeridge Limestone Oil in the Weald Basin in the South East of England.

[moneymunch] 11/5/2016 18:09

The average price for Brent crude over the past 50 days is set to rise above its 200-day average to form a pattern known as a golden cross that’s typically seen as a sign of bullishness. That’s never happened since a global glut prompted a crash in prices in 2014.

[moneymunch] 11/5/2016 18:02

Oil prices enjoyed a late afternoon bounce after US crude inventories posted their second highest weekly drawdown in stockpiles this year. Joshua Mahony, an IG analyst, said: “With US crude output slowing and the summer months expected to elevate demand, there is a good chance we will see further reductions to the historically elevated stocks of oil in the US.”

Brent crude surged by as much as 4pc to $47.32 a barrel.

[moneymunch] 11/5/2016 16:18

Brent's just put on $2 in the last couple of hours to $47 plus. ;-)

[moneymunch] 11/5/2016 14:17

Ps and heading for leading UK Mid Cap Oil Producer within 2 years or so....Gla :-)

[moneymunch] 11/5/2016 14:01

More production and exploration ahead in the next 2 years – CEO Interview UKOG


www.directorstalk.com/stephen-sanderson-executive-chairman-uk-oil-gas/

[moneymunch] 11/5/2016 13:55

Tick Tock.....V Big news coming imho......gl :-)

[kenbos] 11/5/2016 13:14

Quiet on here ? No news expected ?

[rayrac] 10/5/2016 22:07

.wrong thread!

[moneymunch] 10/5/2016 14:30

Getting ready...:)


9/5/16

The National College for Onshore Oil and Gas (NCOOG) has been awarded funding worth £5.5 million.

It is part of the government’s £80 million investment to support the creation of five new National Colleges.

The money will be used to purchase a full suite of training equipment, enabling NCOOG to offer people technical and professional training.

The National College for nuclear has also won £15 million to create hubs in Somerset and Cumbria.

Colette Cohen, Chair of NCOOG and Head of Centrica’s UK oil and gas production business said: “This is excellent news. The vision for the National College for Onshore Oil and Gas is to develop a top quality skilled British workforce to help deliver a national resource in a safe and environmentally sensitive way.

“This funding will allow us to progress quickly with the establishment of the college and open new exciting training and career opportunities to local people.”

[moneymunch] 10/5/2016 13:37

17/12/15

The Company will now continue its discussions with the Local Planning Authority ("LPA") and will submit the necessary applications in 2016 to obtain regulatory consents to drill both the M Prospect and an appraisal/development well adjacent to the Arreton-2 oil discovery. Plans to acquire additional seismic coverage to further define the Arreton discovery and look-alike prospects will now be progressed.

The planned Arreton appraisal well location sits immediately next to a brownfield site and can be developed with sensitivity to the surrounding locality. As the Company has proactively completed well engineering design studies for the Arreton well and held initial planning discussions with the LPA, the Company is ideally positioned to progress the necessary drilling and testing consents as soon as practicable.

[beebong1] 10/5/2016 13:10

Until I see it in black and white I never believe it.

There is nothing to stop any company planning but until that PEDL has been officially recognised it is all a pipe-dream IMO. These are facts.

"The Licence

As previously announced, the OGA offered UKOG (65% interest) and its partners, Solo Oil (30% interest) and Angus Energy (5% interest), the Licence on 17 December 2015. The Licence will be designated Petroleum Exploration and Development Licence 331 ("PEDL331"). UKOG and its partners are finalising necessary documentation with the OGA and the PEDL331 Licence start date is planned for April 2016. The first exploration period of the Licence will last for 5 years. Further details of the Licence can be found on the OGA website www.oga.gsi.gov.uk."

"Isle of Wight (Onshore) PEDL331 65% UKOG Operator TBA 200.0 (km2) Preparing drilling planning submission."

Original operator was named as Angus but I'm guessing UKOG will be named as it is the majority shareholder.