Uk Oil & Gas Share Discussion Threads

[moneymunch] 30/5/2016 16:58

Shares in issue

2,310,117,353 Ordinary Shares of 0.01p each.

There are no restrictions on the transfer of the company's securities

Significant & Directors' Shareholdings

Shareholder Name Amount % Holding

TD Direct Investing Nominees (Europe) 171,699,282 8.46%

Barclayshare Nominees Limited 163,931,914 8.07%

HSDL Nominees Limited 138,628,514 6.83%

Hargreaves Lansdown (Nominees) Limited 15942 136,215,771 6.71%

Forest Nominees Limited 129,510,330 6.38%

HSBC Client Holdings Nominees (UK) Limited 97,752,453 4.81%

Hargreaves Lansdown (Nominees) Limited VRA 78,045,561 3.84%

HSDL Nominees Limited MAXI 74,415,125 3.67%

UBS Private Banking Nominees Limited 73,333,334 3.61%

Hargreaves Lansdown (Nominees) Limited HLNOM 72,956,603 3.59%

TD Direct Investing Nominees (Europe) Limited SMKTISAS 64,385,825 3.17%


Percentage of Shares in Public Hands: 63.33%

Percentage of Shares Not in Public Hands: 36.67%

Date of last update: 26 May 2016

[moneymunch] 30/5/2016 16:50

Crude oil prices may touch $70 after touching $50 this year so far;

Crude oil prices Crude oil price are likely surge further in 2016 as the recent price movement in oil markets suggests that the market has shrugged off all the bearish developments which have disturbed the oil prices for a very long time, according to market experts.

On the further movement, Mallya said, “Price movement in oil markets in the recent weeks suggests that the market has shrugged off all the bearish developments which have disturbed the oil prices for a very long time. The ECB has already boosted the size of the QE programme, the policy decisions by the Central Bank of China to boost growth will prop the demand for crude oil in the coming months supporting oil prices. We expect oil prices in the second half of 2016 to move higher. WTI oil can move higher towards $65 per barrel while Brent can move higher towards $70. MCX oil prices can move higher towards Rs 4,200 per barrel.”

[beebong1] 30/5/2016 15:06

Not really IMO. Funds is plural, fund manager is singular. I think TD and Hargreaves have at least two already over 3% in UKOG. I'm pretty sure some include PI's and others II's but have never looked into it in detail to work out which is which. The name of the fund has been a clue in some cases I have seen.

[moneymunch] 30/5/2016 10:06

Agreed, the wording is slightly ambiguous funky, but the placing shares represents 13% of shares in issue, which is a lot to squirrel away without any declarations. Gl;-)

[funkmasterp12] 30/5/2016 09:35

Ah hang on no, "funds managed" is the language. They would only need to declare if one of those funds went over the threshold.I bet they won't but we'll see...

[funkmasterp12] 30/5/2016 09:34

If that placing did go to one investor/ fund then yes, there would have to be an RNS as its over the declarable interest level. I think they have 3 days to file so we should get that tomorrow.That's if the placing did go there - the RNS says it did. Let's see what really happens though...

[moneymunch] 30/5/2016 07:59

A high profile investor might garner interest and attract others. gl ;-)

[theuniversal] 30/5/2016 00:51

Moneymunch. Forgive my ignorance but why would the fund manager revealing their holding be of inportance.

[moneymunch] 29/5/2016 18:41

Lol TU, i wish i did have insider knowledge as i would have sold all my shares and bought them all back plus more on Friday morning.....;-))) i was expecting a placing but not at such a discount, but the drop is only fleeting ,with news on acquisition, reserves upgrade and hopefully a holding Rns so close.....fingers crossed for some serious upside coming our way as the billion barrel potential becomes apparent, not just from the reserves upgrade but maybe also from the influence that the fund manager might have if/when they declare their holding. Gl ;-)

[theuniversal] 29/5/2016 11:12

Moneymunch post 3707 spot on prediction do you have insider or psychic powers ;-) poor ole funky...

[moneymunch] 28/5/2016 08:15

Mpet have a free carry up to and including the 90 day production flowtest, and so i wouldn't be surprised if they decide to hold on to some of the % of HH-1.....Ukog take the lion share and some for DOR ( they said last week that they were planning to incease their Weald interests ) .

Mpets other Weald interests, as follows, are up for grabs....drill or drop....and will be available very cheaply imho as there's only 5 weeks before they have to relinquish them.

Our license areas in the Central Weald basin, PEDL 231, 234 and 243 encompass about 1,000 sq km from Liphook and Petersfield in the west to Copthorne, Horsham and West Grinstead in the east.

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 Companys 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.

Mpet share of the IoW only relates to P1916 and it looks as if Ukog will be able acquire that at no cost.

Mpet13/5/16
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.

So in short i'm hoping that Ukog will be able to acquire at least 10% at HH-1 well from Mpet, and pick up some of the rest very cheaply indeed....Gla holders.....Big bounce coming on aquisition news, reserves upgrade and holdings Rns......it's all good!!! ;-)))

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 Companys remaining assets. The potential sale of the Companys interests in the Weald Basin and the related settlement of its litigation with Celtique would further enhance the Companys profile by reducing the uncertainties associated with those interests.

[moneymunch] 27/5/2016 18:23

15:29:44
1.6306 107,414 1,751
15:28:43
1.65 3,333,300 55.00k
15:28:33
1.65 1,666,700 27.50k
15:26:41
1.6306 110,392 1,800
15:26:32
1.605 225,000 3,611

[forwood] 27/5/2016 16:56

you forgot the 2x 3748316

[beebong1] 27/5/2016 16:42

27-May-16 15:28:43 1.65 3,333,300 Sell* 1.60 1.70 55.00k
27-May-16 15:28:43 1.65 3,333,300 Sell* 1.60 1.70 55.00k
27-May-16 15:28:33 1.65 1,666,700 Sell* 1.60 1.70 27.50k
27-May-16 15:28:33 1.65 1,666,700 Sell* 1.60 1.70 27.50k

One person or fund maybe?

[forwood] 27/5/2016 16:42

got my 17.5m!

:-)

[gismo] 27/5/2016 16:28

I hope we get a good RNS to show what we've bought on Tuesday. Apparently DL is hinting again. Gla have a good long weekend Gis

[bygdennis] 27/5/2016 15:12

This has given a great opportunity if taken?, Some will hope for a bigger drop before coming in, Why anyone would take less or a loss so they can?? especially with big news to come!! shows a bit of sense, Holders know this is not about just a few quid and if any of us mere mortals think they will get a chance at 1.5p here's wishing you and me the best of luck

[nidgeyr] 27/5/2016 14:58

buy buy buy - you won't want to be out of this one over the long weekend lol!

[funkmasterp12] 27/5/2016 11:53

I agree with you for once sir!

[moneymunch] 27/5/2016 11:52

Presumably that was because it was kept quiet funky, which could suggest that the fund manager is making an investment rather than a quick buck on flipping the shares quickly......any holdings Rns should give us a clue. Gl :-)

[moneymunch] 27/5/2016 11:43

Maybe a holdings Rns next week then.....along with acquisition news and the eagerly awaited reserves upgrade. Gla holders; -)