Uk Oil & Gas Share Discussion Threads

[temmujin] 17/5/2016 19:59

dont forget stellar...WILL BE biggest multi bagger since QXL

[edjge2] 17/5/2016 17:32

datait: sore with all the rumpling?

[beebong1] 17/5/2016 17:07

Seven oil stocks to watch as crude price nears US$50

16:01 17 May 2016
Premier Oil: Production growth that’s highly leveraged to crude recovery
Tullow Oil: Exploration success in Kenya presents silver lining
Rockhopper: Drilling and acquisitions boosts Sea Lion appeal
88 Energy: AIMs standout in early 2016 thanks to Alaska shale success
Falcon Oil & Gas: Aussie shale discovery prompted a stellar start to 2016
Empyrean Energy: Cash pile singles out this small cap explorer
Gulf Keystone: Will a Houdini debt deal save investors?

www.proactiveinvestors.co.uk/companies/news/126039/seven-oil-stocks-to-watch-as-oil-price-nears-us50-126039.html

[datait] 17/5/2016 16:31

WATCH THE DOCUMENTARY TONIGHT AT 9PM ON OIL

[niceyman1] 17/5/2016 16:08

Tick up coming at last!

[datait] 17/5/2016 16:05

All market makers moving up.

[datait] 17/5/2016 16:05

news out tomorrow I should think something been said ?

[datait] 17/5/2016 16:04

buys flooding in now even showing as sells

[datait] 17/5/2016 16:02

watch this space folks news this week is a certainty.

[moneymunch] 17/5/2016 07:17

Looks like $50 plus will be breached today.


BBC News 2 hours ago.

Canada wildfire: Oil workers evacuate camps near Fort McMurray


Hundreds of Canadian oil workers have been ordered to evacuate camps near the fire-hit town of Fort McMurray as a resurgent wildfire heads towards them.

Alberta State Premier Rachel Notley said up to 600 workers were being sent to oil sands installations further north.

About 4,000 more workers are on standby to evacuate if necessary.

More than 80,000 people fled Fort McMurray two weeks ago when a wildfire swept through the town.

The vast fire moved away but in recent days it has started to threaten the area again.

On Monday, a wildfire was travelling at 30-40 metres per minute north of Fort McMurray, a statement from the municipality of Wood Buffalo said.

[datait] 16/5/2016 16:19

I certainly think we will get news tomorrow certainly this week, our time has come folks time will tell and when the news hits we will zip up before you can hit the buy button.

[moneymunch] 16/5/2016 14:39

$50 today looks likely

any reserves upgrade and estimation of increased recoverable volume will look a lot better and will be much more appreciated by the market with oil at $50 plus.

In the meantime Ukog's shares have been quietly hoovered up for weeks now. Big news imminent IMHO and a flood of new investors including the city institutions to take Ukog's share price to new and justified highs. Gl Excitement building. :-)

[moneymunch] 16/5/2016 13:13

Brent at $49 plus

Perfect timing for a stellar Rns from Ukog. Gla massive re-rating more than likely. :-)

[datait] 16/5/2016 12:54

News expected tomorrow folks watch as this will spike upwards.

[moneymunch] 16/5/2016 06:44

Oil bouncing big.....$50 this week???......and big news from Ukog coming???, a major re-rate more than likely....imho....Gla holders ;-)))

[moneymunch] 16/5/2016 06:27

Brent up already at $48.43......gla ;-)

[moneymunch] 15/5/2016 09:41

Andy Hall - The Oil Trading God

While both Berkowitz and Bass invest across many sectors, Andy Hall focuses exclusively on oil. His success as an oil investor has been so good he was given the nickname "God" by the other oil traders.

In his letter to investors in his fund that was released in early 2016 he explained his bullish reasoning.

First he believed that supply is going to fall significantly in 2016:

Because of all these cutbacks in investments and their impact on production, we estimate non-OPEC production will shrink by at least 1 million bpd in 2016. OPEC production - led by growth from Iran -should grow by around 6-700,000 bpd. Total global oil supply should therefore shrink by a little under 500,000 bpd.

Second he believed that global oil demand should increase by an even larger amount:

Demand on the other hand should grow by around 1.2 million bpd in our (conservative) estimation - down from 1.8 million bpd in 2015. This means the global supply/demand balance should tighten by 1.7 million bpd on our reckoning.

With the supply and demand balance tightening by 1.7 million barrels per day Hall believed that the world will go from a current oversupply of 400,000 barrels per day to a 1.3 million barrel per day deficit. He believed that the price needed to stimulate new supply that will then be needed to be at least $60 to $80 per barrel.

Now Even The IEA Is Singing A Bullish Tune

It is always hard to remember how things felt when looking back in time. In February of this year there weren't too many people singing a bullish tune on oil.

Bass, Berkowitz and Hall did not have the mainstream view. We have found that is often the case with the investment greats that we follow. They don't care what the crowd is saying, they only care about what their research tells them.

Now the view of the crowd is changing. The mainstream is becoming more bullish now that oil prices have had a rally.

Even the International Energy Agency which has been very bearish is coming around. The IEA's most recent monthly report provided some much more bullish commentary.

We found this paragraph noteworthy:

"In this Report we note that OECD stocks grew in 1Q16 at the slowest pace since 4Q14 and in February they declined for the first time in a year. This lends support to our view that the global supply surplus of oil will shrink dramatically later this year."

The IEA is saying that the worst is over. The market is rebalancing. It doesn't happen overnight but daily supply and demand will come into balance and the oil market is already foreshadowing that.

[temmujin] 15/5/2016 08:08

phone call last night..been told to buy in big before wednesday,massive news coming apparently

[tmmalik] 14/5/2016 23:26

There was some celebration in ukog office last night ,looks some license extension or permission for extended flow test etc so may be some news next week

[moneymunch] 14/5/2016 13:50

ps Mpet have a free carry up to and including the extended flowtest.

In the UK in PEDLs 137 and 246, where Horse Hill was drilled, the cost of the completed flow test and potential future extended flow test are due to be fully paid by HHDL in accordance with the terms of the farmout agreement between HHDL and MPUK.

[moneymunch] 14/5/2016 10:37

May 13 2016 10-Q Quarterly report pursuant to Section 13 or 15(d)


In addition, to maximize its chances of executing this strategy and identifying an attractive business combination candidate, Magellan is actively seeking to monetize the right to the Mereenie payments, its interests in the Weald Basin licenses, and its interests in the Horse Hill-1 well and any related assets. The Special Committee believes that converting these assets into cash will make Magellan more attractive to potential merger candidates as we de-risk and clarify the valuation of the Company’s remaining assets. The potential sale of the Company’s interests in the Weald Basin and the related settlement of its litigation with Celtique would further enhance the Company’s profile by reducing the uncertainties associated with those interests.

The Company believes that the receipt of proceeds from the monetization of the above-listed assets could be accomplished in the relatively near future and could result in proceeds being received by the Company that are materially greater than the current equity market capitalization of the Company, although the amount and timing of such proceeds, if any, are uncertain. The terms, timing, and availability of a possible post-Exchange merger or other business combination transaction are similarly uncertain and subject to numerous risks, including the risk that we will be unable to identify, negotiate, and complete a transaction with a suitable counterparty.

"Upon the closing of the Exchange, Magellan will have no debt and significantly reduced liabilities, and will therefore, the Special Committee believes, be attractive to private companies and international entities interested in gaining access to the US capital markets."



United Kingdom

UK - Horse Hill. During the three months ended March 31, 2016, our partner in the Horse Hill-1 well (“Horse Hill”), Horse Hill Development Limited (“HHDL”), conducted the flow test of the well in three intervals, the Lower Kimmeridge and Upper Kimmeridge limestones, and the Upper Portland Sandstone. The preliminary results of the flow test have been very encouraging, providing further support to the potential prospectivity of the overall Weald Basin, including PEDLs 231, 234, and 243. In March 2016, UK Oil & Gas Investments PLC (“UKOG”) announced that HHDL informed UKOG that the final estimated stable dry oil production rate from the Lower Kimmeridge Limestone, the Upper Kimmeridge Limestone, and the Upper Portland Sandstone were 464 bopd, 901 bopd, and 323 bopd, respectively, over stabilized flow periods of 7.5 hours, 4 hours and 8.5 hours, respectively. UKOG also reported on HHDL’s information that the Kimmeridge Limestones are naturally fractured reservoirs producing light, sweet oil with 40 degree API.

The next steps to further establish the potential of Horse Hill consist of i) analyzing pressure data collected during the flow test of the well and carrying out various analyses of the oil produced from Horse Hill including geochemical analyses, and ii) conducting an extended flow test, which will test production of each of the three intervals over a longer period of time. HHDL has initiated the process to obtain regulatory permissions to conduct extended production tests from all three zones.

UK - Central Weald Licenses. In regard to PEDLs 231, 234, and 243, which are co-owned with Celtique, during the three months ended March 31, 2016, the Company continued to manage the pending litigation with Celtique. Potential resolution of the pending litigation could include a possible sale of the Company’s interests in these licenses. Considering the pending litigation and that these licenses are subject to drill-or-drop obligations with license terms ending June 30, 2016, there is a risk that the litigation with Celtique will not be resolved in time to avoid the relinquishment of these licenses.

Peripheral Weald Licenses.

With respect to P1916, there was very limited activity during the three months ended March 31, 2016, and no further material activity is planned during fiscal year 2016. Considering the risk profile of this prospect and the challenges in securing a potential drilling site, the Company may decide to withdraw from this license. Total inception to date costs related to the license of $39 thousand have been included in exploration expenses.

[moneymunch] 14/5/2016 08:34

Spot on Uxbidgearms, and can you imagine where the Trp road would have taken us Rayrac if they had reported similar results. HH ain't no duster, and indications suggest this is beyond all "market" expectations......a major re-rate is coming imho and Ukog looks all set to develop into a leading UK mid cap oil producer worth many multiples of current market cap. Gl ;-)

[uxbridgearms] 14/5/2016 01:11

Where else would you find a discovery of 1700bpd on such a short test zone, also high api oil on shore.
If this was any other discovery this would have gone through the roof. The truth is your shares are being hoovered up and when they get their fill you will know about it in a big way.