Uk Oil & Gas Share Discussion Threads

[wetdreams] 29/2/2016 08:50

Money munched no bounce here sorry but as I told you and the rest this was going to happen

[wetdreams] 29/2/2016 08:48

No point gloating at the rising share price ethier ..but the rampers did

[temmujin] 29/2/2016 08:48

40m just ploughed into stellar ...something big brewing

[wetdreams] 29/2/2016 08:47

Hit man what a placing is good news ..share price says something is wrong this morning...forwards selling.maybe

[supercity] 29/2/2016 08:46

To be fair there's no point gloating on a falling share price - any trader with an iota of experience knows these spikes always fall back and nearly always are followed by discounted share placings that have been short sold during the spike...it didn't need financial commentators over the weekend telling people that

[moneymunch] 29/2/2016 08:46

Big bounce coming imho and another top up for me...gla....massive potential upside on next update. ;-)

[wetdreams] 29/2/2016 08:46

Oh dear the rampers have gone quite ..problem boys are we panic selling..was wetdreams right..

[thehitman1] 29/2/2016 08:44

Good news on it's way.

[wetdreams] 29/2/2016 08:43

Sells at 2.30 now and falling ..placement coming imo ..bmd could well be right...

[datait] 29/2/2016 08:41

market makers are taking out stop losses will soon be back up folks.

[temmujin] 29/2/2016 08:41

RNS logged by all accounts

[temmujin] 29/2/2016 08:40

only thing crashing is your credibility mate...loserrrrrrrrrrrrrrrrrrrr!

[wetdreams] 29/2/2016 08:40

2.33 now and falling ...timber

[simon8] 29/2/2016 08:39

temmujin
29 Feb'16 - 08:28 - 373 of 376 2 0 (Filtered)


douglas macarthur
29 Feb'16 - 08:31 - 374 of 376 1 1 (Filtered)

temmujin
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wetdreams
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[wetdreams] 29/2/2016 08:38

Told you money munched ..share price crashing ...know the game ..

[temmujin] 29/2/2016 08:35

keep taking the drugs dug

[douglas macarthur] 29/2/2016 08:31

Per my posts on Friday

I did say profit taking would come or equity raising. The profit taking has started and would not be surprised of a placement at 1.2p now

[temmujin] 29/2/2016 08:28

could see the biggest spike in stock market history when flow tests are announced...gonna be massive!

[moneymunch] 29/2/2016 08:25

A tree shake in progress by the looks of it on the unfounded placing concerns, hold on tight for imminent flowtest data from the Upper Limestone. GLA ;-)

[temmujin] 29/2/2016 08:22

must be news imminent...mms playing it down to trigger stops

[cupra kid] 29/2/2016 08:14

Still buying on the dips as investors see value at circa 2.5p.

[moneymunch] 29/2/2016 08:10

Being open to oil and gas exploration on the Isle of Wight
Friday, April 24, 2015

The news that UK Oil and Gas Investments believe there are something like 116.5 million barrels of 'drill ready' oil has led to wildly inaccurate claims of fracking and poisoned groundwater, with little being said about what this kind of activity might actually mean to the Isle of Wight.

Firstly, there is a huge difference between 'drill ready oil' and hydraulic fracturing for shale gas. As a representative of the oil and gas industry, I'm in favour of both, but only after spending a lot of time in researching and understanding the implications - both positive and negative - on the local economy, landscape, and the well-being of those who live nearby. And it has to be said that in the short term, yes, there will be a certain amount of upheaval, but I would suggest it is unlikely to be any more, and probably less, than your average building site. In the longer term, the advantages, both on a national and a local scale, could be considerable and will outweigh the short term inconvenience.

Let's look at the national situation. The recent drop in oil price has been good news for the consumer - who hasn't been pleased at the prospect of lower petrol prices? - but actually there are serious implications not only to the oil industry - who have shed tens of thousands of jobs and reduced exploration as a result - but to the general public, and indeed to the environment. A report on Radio 4 yesterday (25th March) suggested that when the oil price is high, we are more careful in our consumption, but with a large reduction in petrol prices, we are being far more carefree in our use, rather than enjoying having the extra cash. The implications on the environment as a result are obvious, and the quicker we use up the current 'oil lake' created by the refusal by some countries to reduce production, the sooner the price will rise again in order to meet an increased demand.

Currently we are heavily reliant on imported oil and gas, particularly from Eastern Europe, and aside from the political implications, the cost is likely to rise steeply as global demand increases. The North Sea is now regarded as a 'mature' basin, and in the coming years, production will dwindle. The only way to maintain the energy requirement that we currently have in the UK is to look at a mix of energy sources, and until we have the technology in place to gain enough energy from wind or solar or any other renewables, we have to take a more balanced and inclusive view of oil and gas exploration in our own back yards.

The news release from UK Oil and Gas Investments also suggests there may be 197 billion cubic feet of gas available, again conventionally available (ie not requiring hydraulic fracturing). Gas (including shale gas) is a surprisingly clean fuel. Of all the fossil fuels it emits the least carbon, provides power stations with the highest level of reliability and generates affordable electricity. It is generally considered to be the bridge between our current reliance on oil, coal and other 'dirty' fuels and the renewable fuels which are likely to form an increasingly large percentage of our energy supply in the future.

On a local scale, there are naturally concerns about what it might mean in terms of disturbing the beautiful countryside in which we are privileged to live. However, the industry is getting better at working with local communities about what they plan to do. Any exploration involves Environmental Impact Assessments, required by government, and these have to be closely adhered to. This also covers other developments such as wind turbines, hydro-electric power and so on. Additionally, the prospects under discussion include areas of outstanding natural beauty, and, should they be considered appropriate for further exploration, the industry is heavily restricted in how they do it. As an example, Europe's largest producing oil field is under Poole Harbour, where the wells are 'hydraulically stimulated'- i.e. fracked, and the area is still a draw for tourism based on the beauty of the surrounding environment.

We live on an Island which is very beautiful, but which has high unemployment compared to the rest of the South East, and employment opportunities are limited, particularly for our young people. We should be open to the opportunities that new industry development would bring - opportunities for engineers, geoscientists, IT, building skills and much more. Yes, we need to be aware of the impact of exploration, but ultimately, we need the energy, and rather than focussing on the negative aspects, we should embrace this potential for injecting money into our local economy, and a more interesting employment future for our children.

[beebong1] 29/2/2016 08:06

Standing room only at Frack Free public meeting in Totland
There were two meetings this week hosted by the Frack Free Isle of Wight campaign group and two more coming up next week too.

More than sixty people gathered in Totland Church Hall on Tuesday night for a public meeting to learn more about the prospect of oil and gas drilling on the Island.

A presentation covered what has happened so far in the licensing process, the actions of the national government in support of the industry, the Island’s geology, and details on the differences between conventional and unconventional drilling. It also described potential risks and benefits, including threats to human health, the local environment, the global climate, and how economic benefits may or may not reach Island residents.

Oil drilling plans well advanced
This meeting came after an announcement by UK Oil & Gas Investments PLC (UKOG) at the end of January that, “we are well advanced in our plans” to drill on the Island, firstly at Arreton.

The company has been awarded licenses for conventional and unconventional drilling in a 200 square kilometre area of the Island.

Hosted by campaign group
The event was hosted by Frack Free Isle of Wight, a group of individuals from all walks of life, committed to raising awareness of the local, national and global issues surrounding fracking and other fossil fuel exploitation methods.

The presentation was given by Sylvia May of Freshwater, a retired head-teacher, who said to the crowd:

“When I was in your shoes, in a meeting just like this last year, I began to panic. I panicked for weeks. I knew I had to learn more.”

Lively debate
The presentation was followed by a lively discussion, which welcomed a number of different viewpoints.

Hamish Wilson, of Cowes, former President of the Petroleum Exploration Society of Great Britain, said that while “I am not here to defend fracking,” he cautioned audience members to remember that the oil and gas industry are “not they, it’s we. We’re regular people, like you and me.”

“We have to think of our young people,” said Juliet Ketteridge of Totland. “The legacy of this is nightmarish. I don’t know if I can go home and sleep tonight. With the council given just 16 weeks to get their heads round this, it’s unfair when they are in crisis. They are only human. We’re a vulnerable Island, plump for plucking.”

Ketteridge was referring to a limit recently imposed by Westminster, designed to speed up the approval process for oil and gas projects.

Influence of national government on local decision making
Other audience members alluded to the undue influence of national government on local decision making, a concern that was raised by the council in a motion passed Jan 20 that described: “the Government has a clear policy in favour of fracking and should therefore be unable to take such planning decisions as there is a clear issue of predetermination by the Secretary of State”.

Philip Smith of Norton, Freshwater said,

“The elephant in the room is the influence of the oil and gas industry on our political process.

“People need to start making noise, not being passive as we’ve been brought up to be over centuries.”

Also in attendance was Nicholas Belfitt, of Shanklin, Vice-Chair of the Isle of Wight Liberal Democrats. He said,

“I’m a young person, I grew up on the Island, and when so many green things were cancelled I was very upset. This is short term gain for long term damage.”

Frack Free for an Ecozoic Isle of Wight?
The following night, on Wednesday, Ventnor Botanic Garden Friends’ Society hosted Frack Free Isle of Wight as part of their ongoing ‘Café Botanique’ lecture series.

The talk, titled “Frack Free for an Ecozoic Isle of Wight?” featured an abbreviated version of the public meeting presentation and a lecture from Morgan Curtis, of Freshwater, on her experiences as a climate activist in the US, UK and in Paris as a youth delegate at the historic UN Climate Conference in December.

Future meetings
Two more Frack Free Isle of Wight public meetings are upcoming.

The first will be at Yarmouth Community Hall on 3rd March from 6.30-8.30pm.

The second will be at Arreton Community Centre, 6th March 2-4pm.

All are welcome.


onthewight.com/2016/02/26/standing-room-only-at-frack-free-public-meeting-in-totland/


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