Uk Oil & Gas Share Discussion Threads

[forwood] 16/6/2016 10:46

Why naturally? Are you saying it is fraudulent? Are you saying that Nutech and Schlumberger are colluding with the fraud?

[funkmasterp12] 16/6/2016 10:41

That's fair enough forwood. I don't agree, naturally, but respect your view.

[forwood] 16/6/2016 10:39

funkmaster - the general tone from TW is that this is an overrated stock, fraudulently promoted to make money for insiders. For those who give credence to TWs rantings, and given there are 1000s of potential shares to invest in, why should anyone risk investing in a possibly dodgy share? Certainly he's scored a few successes but doesn't always get it right and I find his lack of objectivity so off-putting I incline to take an opposing view.

However, that doesn't blind me to the realities. With UKOG, I believe he is simply wrong, and that those who invest now will make a huge amount of money within 2 to 3 years. It is simply not worth the reputations of companies like Nutech and Schlumberger to over-egg a tiddler just because they were paid to do a study. And the suggestion that the flow rates etc were fiddled to make the find look better than the reality is probably actionable. Against a background of relentless scepticism, and given the now proven probability of the oil find, it is not surprising that we get strong positive statements from the company and its supporters as to its prospects and future.

There's a long way to go but to rubbish the company for not having much income, no dividend and finding it hard to raise cash in an environment where we have seen oil fall by 75% within 3 years is extreme myopia and a pure failure to understand the business cycle for an oil prospector.

[beebong1] 16/6/2016 09:32

Published On: Thu, Jun 16th, 2016 Stocks | By Sylvia Delisle
Analyst Coverage Updates – UK Oil & Gas Investments (LON:UKOG)

Recently stock market analysts have updated their consensus ratings on shares of UK Oil & Gas Investments (LON:UKOG). The latest broker reports which are currently outstanding on Thursday 16th of June state 0 analysts have a rating of “strong buy”, 0 analysts “buy”, 0 analysts “neutral”;, 0 analysts “sell” and 0 analysts “strong sell”.

hedging her bets?

[beebong1] 16/6/2016 08:00

Whilst I have made big money from trading some of DL companies I could not name one where a dividend has been paid.
Having said that I have only received one dividend from any AIM company whereas I receive dividends (anything between 6 and 30p a share this year so far) from all my footsie 100 ones.

[moneymunch] 16/6/2016 06:51

He's driven by jealousy, envy and greed!!!

[beebong1] 15/6/2016 19:22

Court examines policing at Horse Hill anti-fracking protests

drillordrop.com/2016/06/14/court-examines-policing-at-horse-hill-anti-fracking-protests/

[moneymunch] 15/6/2016 14:36

Ps "orders" , probably a bit extreme, more like gentleman's agreement in lieu of future potential preferential treatment :-)

[moneymunch] 15/6/2016 14:34

Ps "orders" , probably a bit extreme, more like gentleman's agreement. :-)

[moneymunch] 15/6/2016 14:29

I scoffed at the idea as well when suggested on the Lse thread, but the vote is next week and we're still awaiting the report. Gla holders :-)

[funkmasterp12] 15/6/2016 13:56

"is it being held back until after Brexit on UK Govt orders???"

No.

[moneymunch] 15/6/2016 13:55

Stephen Sanderson, UKOG's Executive Chairman, commented:

"This is a transformational step for the Company and its position in the new Weald Kimmeridge Limestone oil resource play. The transaction more than doubles our net acreage position and potential recoverable resource base in the most prospective part of the play, all at a very reasonable entry price. The transaction makes UKOG the leading player and acreage holder in Kimmeridge oil and a significant player in the UK onshore oil industry.

The acquisition is an entirely logical step after the very positive flow test at HH-1. It fits perfectly into our overall 2-year strategy to de-risk and push the Kimmeridge play to the point of commercial development. The drill-ready and permitted BB-1 site, along with the permitted Holmwood-1 well immediately to the north-east, should, by the end of 2017, give us the opportunity to demonstrate the replicability of the HH-1 Kimmeridge results over a more significant area of the Weald Basin. In parallel, we will be pushing HH-1 towards first oil with planned long-term production tests, appraisal wells and 3D seismic.

The potential "cherry on the cake" from this acquisition is the opportunity to appraise the conventional Godley Bridge gas discovery 30+ years after its discovery and, most importantly, at the same time to test the underlying Kimmeridge limestones through a single dual-purpose well. We look forward to Nutech's Kimmeridge oil in the ground and the Godley Bridge net gas resource findings and their impact upon the Licence's value shortly.

2016 sees major progress in the Company's exciting journey to establish the Kimmeridge Limestone oil play and its economic potential for the south-east and the UK."

[moneymunch] 15/6/2016 12:18

I'm not fighting him!!!

[funkmasterp12] 15/6/2016 12:15

Good luck fighting him, that's all I'll say. History would suggest you're going to need it.

[moneymunch] 15/6/2016 12:13

He's consumed by jealousy envy and greed, all fuelled on too much vodka for breakfast.

[funkmasterp12] 15/6/2016 12:11

Say what you will about TW but he's called a fair few correctly recently - Quindell, Globo, Ascent, Eden etc etc.

I wouldn't be rubbishing him as a source tbh.

[funkmasterp12] 15/6/2016 11:54

Key points from the Shareprophets link:

- UKOG paid too much for the Magellan assets, given the company had already said they had little worth.
- This was done deliberately to attempt to prop the share price up to get future placings away.
- The potential of the asset has deliberately been spun by David Bick, PR adviser to UKOG, to get press coverage to help facilitate said placings.
- The recent placing failed to raise the total amount they wanted (£8m-£10). A lack of TR-1s from the recent placing confirms the placing was issued to flippers.

Some very damning accusations, I wonder if the company will offer any comment. These are exactly the sorts of questions bulls should be asking themselves IMO.