Uk Oil & Gas Share Discussion Threads

[datait] 08/6/2016 09:06

Market makers will be filling their boots knowing that soon enough this will rocket upwards very quickly and yes they do balance their books on a regular basis but they also buy in large amounts when they know they are on a good thing thats what makes them the money they make and huge bonuses.

UKOG has alot going for it with isle of white aswell dont forget that, and the huge oil find in HH that will be re-rated shortly and dont forget the oil price is rising almost everyday which will have a huge impact.

HH will now be far better than the North sea interms of profit and the cheap extraction. HH will also create many jobs and at a time when the North Sea are still laying off jobs will be very welcome. The Government will use this to their advantage and dont forget how much this will make for the Governments debts they will be reduced significantly. Watch this space folks.

[datait] 08/6/2016 08:55

Nice big buys coming in wont be long before we start to move upwards.

[datait] 08/6/2016 08:46

aye there is a man filling crates of milk bottles hahaha

[beebong1] 08/6/2016 08:37

www.ukogplc.com/page.php?pID=5

Updated yesterday but nothing new we did not know about.

Anyone poked a head over the fence at HH to what has been left?

[moneymunch] 08/6/2016 07:13

Lol rossannan......Top end x 16 on your original flow expectations at HH when you were telling us all that you were shorting Ukog....and what they potentially do have could be truly breathtaking and of undoubted national significance. Gl ;-)

[moneymunch] 08/6/2016 06:01

Brent at $51.50 and rising..........$60 to $70 forecast for second half of 2016, perfect timing for any reserves upgrade and lots of extra profit on the sale of oil from the 90 day production flowtest's planned at HH, let alone the massive profits envisaged on full production at $40 break even extraction cost per barrel, a figure which is expected to head lower on full optimisation of HH with high quality oil flowing in volume from horizontal multi-pads etc. Gla holders Big news coming. ;-)

[moneymunch] 07/6/2016 20:10

After being appointed independent assessor of the HH-1 well by UKOG in Jan. 2015, NUTECH used its proprietary NULOOK petrophysical analysis solution, a process which uses conventional open hole well logs to analyze the texture of the tested reservoir rock, to provide the Company with a report identifying the Horse Hill Upper Kimmeridge formation as holding approximately 72 percent of OIP. In June 2015, NUTECH’s preliminary assessment of the HH-1 well was confirmed in a report issued by Schlumberger estimating the overall oil in place (OIP) for the Jurassic section to be even more impressive than NUTECH’s early projections.

“Our extensive experience, paired with our proprietary petrophysical technologies, allowed us to confidently predict an accurate volume estimate for the Horse Hill-1 well from our initial assessment,” said Allen D. Howard, executive vice president and chief commercial officer, NUTECH. “The completed flow test has yielded extremely positive results allowing this well to have one of the highest performing wildcat test rates in the history of wells drilled onshore UK. We are pleased to have been a part of proving the exceptional significance of the HH-1 well for not only the Weald Basin, but for all of the UK, and look forward to continuing to work alongside the contracted alliances as long-term production tests are conducted.”

NUTECH has been commissioned to investigate a possible upgrade to the OIP calculated within all three test zones together with engineering studies to examine possible flow rates from a horizontal well. Further analysis of data is ongoing and will be reported once available.

- See more at:

[moneymunch] 07/6/2016 20:05

ps funky, you'll have to try harder if you really think that a few fund raising's will be an issue by the time Ukog have 100% market and industry expert acceptance on confirmation of recoverable volumes that Nutech/Schlumberger have suggested in the past, let alone what they might be suggesting now.....GL ;-)

[moneymunch] 07/6/2016 19:30

Lol funky.....you must of heard that Sinopec are having a look as well then.....they like horses. Gl ;-)

[funkmasterp12] 07/6/2016 19:11

Moneymunch - I was making an illustrative point. If you value Chinese stocks purely on their supposed fundamentals they look like some of the best investment opportunities ever. Of course, they aren't.As per here, you're being given all sorts of numbers by Nutech et al which make this look like a dream investment. Yet there's absolutely no proof UKOG can turn it into a viable business yet.It'll cost them millions to get anywhere near the levels you hope and I believe that'll mean several fund raising rounds. The fact that the recent placing doesn't appear to have gone to anyone of note should really be a concern.

[moneymunch] 07/6/2016 19:00

ps so the market is still in disbelief and the detractors remain in denial.....massive re-rate when the penny drops then......gla holders ;-)

[moneymunch] 07/6/2016 18:58

Lol funky, Chinese stocks....pmsl.....;-)))

[forwood] 07/6/2016 18:18

The market suffers extreme short-termism and people can't do the maths! I don't know how much it's going to cost to develop the site but a £100m should not be far off.

Until it's a lot nearer production with permissions granted etc, they will have difficulty raising loans. Placings are cheap of course.

I don't know why people have flipped the shares but it is a supposition on your part that that is what has happened (albeit reasonable). Bird in the hand worth several million in the bush may be one reason. Also past experience suggests it would fall to nearer the cash raise price.

But as the months go by and we get more and more certainty this will rise, and I see it eventually over a £1 a share.

[funkmasterp12] 07/6/2016 18:07

If they could borrow money over 10 years as you say, why have they just placed £4m worth with institutions with apparently no intention of holding?And how much more cash is needed to get UKOG anywhere near the stage to deliver the sort of numbers you quote?The market never undervalues anything significantly without a rat being smelt somewhere. Most Chinese AIM stocks have PEs of about 0.5, and they look to be the best investment ever. Until you realise the numbers are largely illusory.I'm certainly not comparing UKOG to a Chinese stock, but the market is clearly telling you here it simply does not believe the potential.

[forwood] 07/6/2016 17:52

I have just updated headers to reflect oil at $50.

Future revenues on the 90% probability for UKOG Weald assets total $100bn. Breakeven was stated at $40 a barrel. I think this a conservative figure and that profitability will emerge at a lower price. But say it's right and you're looking at $20bn profits, that's £343m PROFIT a year for 40 years.

This is very conservative given the calculations were concluded before the oil strike and before UKOG increased its HH holdings. Production is also much higher in the early years. The profit figures could easily be double this.

We could be producing this within 2-3 years. Say we borrow £20m repayable over 10 years to fund development, that's peanuts to the total revenues generated. Say we borrow £100m - it's still peanuts!

With a market cap of just £30.45m, are you monkeys still saying UKOG isn't seriously undervalued?

Do your own maths!

[moneymunch] 07/6/2016 16:50

and Brent now at $51 plus, bodes well for any upgrade and estimation of recoverable volume etc etc Gla holders ;-)))

[moneymunch] 07/6/2016 16:47

Lol...in my opinion a bounce in share price is the last thing the yellow cards want, but good luck......with news of acquisition and "potential" reserves upgrade imminent and placing shares absorbed, a significant bounce is very likely......;-)

[west4] 07/6/2016 16:25

Appreciate all the balancing posts & good responses from the yellow cards in my opinion, fwiw.

Have been waiting for a bounce to jump in, but today convinced myself (through no better reasoning than optimism!) that when it comes it won't be small.

I'm in, feet first.

GL all

[datait] 07/6/2016 16:02

Not long now before this starts to take off. News anytime now. watch as the buys are now becoming more regular and once we get the news we have all been waiting for the price will be propelled upwards and not only that the oil price is moving up daily as reserves are becoming even less by the day.

[datait] 07/6/2016 13:54

Topped up again rude not to. Oil climbing nicely.