Uk Oil & Gas Share Discussion Threads

[theuniversal] 05/6/2016 22:29

Based on current oip just for horse hill to keep things simple and minus the $40 bep so use $10 profit 11bn oip for HH, so 10% = 1.1 bn × $10 = $11bnUsing the probability that ukog will by 15% from magellan using current placing brings ukog share to 42% (not including other % we have in hh)So 11bn - 58% = 4.620bn ÷ 2.3bn shares *est in issue = $ 2 ÷ 30yr drill licence = 6.66p p/yr = 0.55p a month × 8 months to August = 4.4p This isnt including the recent oip update which if based on %10 recovery from an upgrade of 15bn oip = 1.5bn recoverable with out the 15% from magellan = 4p. with is = 6p avg the two figures give 5pSo the avg is inbetween if we get magellen % and a definate upgrade of oip say another 400 million recoverable on top of what we got now..

[beebong1] 05/6/2016 22:16

The "on" referred to "stay" not the odds. I obviously made a mistake in the meaning when getting the info.

[forwood] 05/6/2016 22:09

You do all realise that if we leave the common market, the market will crash, the pound will fall and we pretty much guarantee inflation and a recession?

[forwood] 05/6/2016 22:05

3 to 1 on means 1/3! Obviously you didn't have a misspent youth!

[beebong1] 05/6/2016 20:07

I was fed duff info. It is 1/3 looking at the betting shops online.

www.oddschecker.com/politics/british-politics/eu-referendum/referendum-on-eu-membership-result

[temmujin] 05/6/2016 17:27

cant see how it can 3/1 on to stay..all the people i know are voting out..look around our country is over run with johnny foreigner...gridlock in some cities getting to work

[beebong1] 04/6/2016 14:55

Keep an eye on the odds for brexit and how it affects the share price the closer we get to the day IMO. Approx 3/1 on stay at the moment.

[moneymunch] 04/6/2016 10:30

In or out, it's all about how much oil is recoverable.....but out, could see the UK Gov etc making the extraction of oil across the Weald a priority to generate much needed revenue as per highlighted by the Ernst and Young economic study, and therefore out potentially would certainly be good for Ukog if the recoverable oil is deemed to be of national signifance. Gl ;-)

[temmujin] 04/6/2016 10:17

will brexit be good for ukog?..i think so

[moneymunch] 04/6/2016 09:20

Cheers Gismo, great news fast approaching, significant upside more than likely on a fully funded Ukog with increased HH % interest with billion barrel potential......it's all good and going to get very exciting for those holding ;-). gl ;-)

ps That's correct kev the rev, there is big news on its way....we've had the £4m share placing which provides working capital and funds for the likely acquisition of some or all of Mpet's 35% interest at HH and other Weald and IoW assests.....

and then the game changng Nutech/ Xodus reserves upgrade most likely to follow confirmation of further acquisition by Ukog in increasing their % interest at HH.

There is every chance we could also get a holdings Rns, c50% of the placing shares appeared to change hands on Tuesday 31st, although in your naivety and usual ignorance, negativity and derision ( you posted your preference yesterday on the Lydnem thread...pmsl....another lowlife scumbag basher cohort ) that the placing shares couldn't be traded until 2nd June, which of course is incorrect. The admission of new shares was on and around 2nd June, and any holdings of 3% will have to be declared 3 days later......so lets see what happens this coming week, but there is unlikely to be a flood of placing shares into the market as c50% appeared to have exchanged hands in an orderly manner and if the fund manager has no intention of declaring then some no doubt will be sold into the release of the imminent news.


21/3/16

UKOG has commissioned Nutech to investigate a possible upgrade to the oil in place ("OIP") calculated within all 3 test zones together with engineering studies to examine possible flow rates from a horizontal well. Reservoir engineering analyses by Nutech and Xodus are also underway, and will likely result in an estimation of potential recoverable volumes.

Preparation is now underway to obtain regulatory permissions to conduct extended production tests from all 3 zones at the site, followed by a horizontal sidetrack in the Kimmeridge and a possible new Portland development well.

[gismo] 03/6/2016 19:27

Keep up the good work moneymunch!

[kevjones2] 03/6/2016 17:44

Moneymunch, you have said that every week since the share price dropped from 2.10 to 1.50. I suppose you'll be right some day but it's unlikely to be next week as the market continues to subsume the placing you told us was mostly finished last Tuesday.

[moneymunch] 03/6/2016 17:01

Might be an idea to set your alarm early for next week then.....big news on its way imho, and significant upside more than likely. GLA holders ;-)

[beebong1] 03/6/2016 16:20

Quite a few large trades showing but don't think they are flippers at those prices. Not missed much by sleeping in today ;o)

[cricklewood] 03/6/2016 16:18

Hop in here for awhile.

[beebong1] 03/6/2016 15:52

lse have updated number of shares in issue. MCap is now £35.9m.

Prior to placement MCap was approximately £37.99m so not only the PI but the company have suffered as a result of the placing.

UKOG have not updated the website so obviously not interested in reminding investors to declare their interest.

[moneymunch] 03/6/2016 12:01

Forbes 3/6/16


Oil price poised for a boost from a big fall in US production.

U.S. oil production has entered the end game with output forecast to plummet as drilling dries up and banks foreclose on oil companies teetering on the brink of insolvency.

[moneymunch] 03/6/2016 11:23

Lol kev, pot kettle black, you ridiculed me on Tuesday and stated that the placing shares could not have been traded before the admission day, remember??? WHERE DID THE 149M SHARES IN 10 TRADES ALL ABOVE 1.62p COME FROM???!!!

Ps and what exactly am I lying about???

[moneymunch] 03/6/2016 10:52

Lol orincor, looks like so far I was spot on apart from the placing price....the news of acquisition and reserves upgrade is yet to come numptie, so come back when it is!!! ;-)

Ps Kev....where did those shares......come from???

[orinocor] 03/6/2016 10:42

Listen to moneymunch. He knows what he is talking about. He'll still know what he's talking about when the share price is 0.5p.

moneymunch 24 May'16 - 10:52 - 3705 of 3891 1 0

Lol funky, the consolidation of share price at c2p for weeks suggests a placing is very likely soon, at a price above 1.93p and below 2p...no big buys over 2p for weeks but no big sells in volume under 1.93p and everything in between appears to be quietly hoovered up. The delay in the fund raise no doubt is related to negotiations with Mpet fot acquisitions of some or all of their 35%, which is also holding up the release of the reserves upgrade imho.....Big big news imminent and a significant rise in share price as new investors rush in, to a fully funded Ukog and a stellar reserves upgrade.....exciting times :-)

[moneymunch] 03/6/2016 10:26

Thought so what??? There's uncertainty because no one knows for sure what's going on with the placing and the detractors are suggesting that the placing shares will flood the market and bring down the share price even lower or will be sold into any news and dampen down any upside....I merely highlighted the fact that Tuesdays massive trades looked like c50% had a already changed hands and the fund manager has a couple of more days to get rid of a huge chunk or possibly declare if he's still holding 3% or more.....this uncertainty is obviously holding back the more cautious, which is fine but run the risk of missing out of getting in at this level when news of the reseves upgrade and acquisition etc lands ..next week...imho...gl :-)

Ps kev where did Tuesday's shares come from that all looked like buys???

[kevjones2] 03/6/2016 10:12

Thought so.....