Uk Oil & Gas Share Discussion Threads

[forwood] 21/6/2016 14:13

lh - your statements: 'who give us almost all our laws' and 'the EU is run by a bunch of people NOT elected by....anyone' are completely wrong.

Get your facts right, please!

We have common agreements on competition rules and EU trade standards, but determine our own health, education, pensions, welfare, fiscal and monetary policy, foreign policy, justice, defence and border security, national and local government. We control more than 98% of our public expenditure. We contribute a net £8bn but export £228bn.

The EU is governed run by 3 main institutions: the European Council (elected Heads of State ), the Council of the European Union (elected ministers from each country), the European Parliament (directly elected). Its administration (like our civil service) is the European Commission with key posts appointed by each country and its judiciary is the Court of Justice.

The European Council is the meeting place for elected heads of state or government and sets the EU’s overall policy agenda and its priorities.

It meets at least four times each year, but more often when necessary.

The European Council generally referred to as just ‘the Council’ or ‘the Council of Ministers’ comprises elected Government ministers from each EU country, according to the policy area to be discussed.

Laws are proposed by politicians, drafted by the Commission, then approved by the Council and European Parliament. Matters of law are decided by the Court. This arrangement is universal in democratic countries. Incidentally the Court recently decided in our favour on the issue of child benefits to non-resident children of EU members living here.

[rayrac] 21/6/2016 13:27

Free movement around the planet for ALL people, not a tight nationalistic view, but an internationist out look!

It's about time some people realised that we are being manipulated by the super rich, that's why the D Telegraph, who are owned by two brothers, living a tax free life in Jersey, have such a desperate interest in pushing Brexit, their money will go even further. Sod the rest of us!

Who's giving all the cash for the Leave posters put up around the country?! Someone with very deep pockets that's for sure!

[datait] 21/6/2016 13:16

After Thursday we will get news and then with brixit out of the way woosh we will be well over 2p again.

[gismo] 21/6/2016 12:36

Precisely!

[kmjs] 21/6/2016 12:20

forwood

Has Greece not been bailed out by the IMF and are we not about the 5/6th largest
financial contributor to that organisation?

I agree it is a Euro currency issue, with the issue being that the "one size fits
all" approach seems to have been flawed.

[moneymunch] 21/6/2016 12:20

Shake it all about.....:-))))

[moneymunch] 21/6/2016 12:18

That was definitely the bottom yesterday.....upward momentum from now on in, with the eagerly awaited reserves upgrade anytime now....confirming and validating the national significance and importance of the Kimmeridge limestones and its free flowing high quality oil in abundance. Gla holders exciting times ahead, with news of UK Gov/agency approvals for the 90 day production flowtests to follow. ;-))))

[gismo] 21/6/2016 12:16

Cameron went to Brussels to get change, got nothing and came back with his tail between his legs. Pathetic.

[gismo] 21/6/2016 12:14

Our money goes to wherever they want to put it being Greece or wherever. Nobody actually knows where our massive contributions go

[forwood] 21/6/2016 11:50

We have never bailed Greece out, nor will we. It's a Euro currency issue. I agree, if we Leave, it will threaten the continuation of the EU.

Some like the idea of a weakened and disintegrated Europe. Putin for one. I just think it would be a hugely dangerous and backward step. For all its imperfections, far better to continue working together to improve it. If we accept that change is necessary then we must work at it. Change is never easy and the strongest changes often emerge through learning the hard way.

[kmjs] 21/6/2016 11:46

forwood

IMO it is a "nailed on" certainty that before we have any real chance of
leaving, a BREXIT vote would bring further negotiations followed by another
referendum. The majority of our politicians would grab ANY move toward Britain's
(and other member states) need for a re-think on uncontrolled migration.

We are a member of the Commonwealth as well as the EU, so IMO the only fair
way to proceed for these blocks and indeed the rest of the World is a points
system.

If you think negotiations and a re-run referendum are unlikely, does the EU not
already have "form", where referendum results have been against it's wishes and
swiftly followed by new one's in order to achieve the "correct" outcome?
Didn't that happen in Ireland and Holland?

[tiga9] 21/6/2016 11:43

Re: Many a True Word Spoken.

Great poetry Gismo, words echo thoughts I've held for years. Can't wait to vote BREXIT. We will be GB again working harder and longer to maintain our lead.

UKOG have my 'Shirt' - Just a loan for now!!

[gismo] 21/6/2016 11:13

Hi forwood I respect your views, however, I feel in time the EU will fall apart one way or the other. Greece will default again we will bail them out again other countries now want to get out and in the not too distant future it will fall apart like a pack of cards. What a mess. Here's to an out vote before we get dragged under anymore.

[forwood] 21/6/2016 11:06

As for UKOG - I think we've seen the low for the time being. Two on the bid at 1.40. just one offering 1.45 and a gap then to 1.55. Can see this ending the day at 1.50 and if anyone is short or playing the sell and buyback game, it could go a lot higher.

[forwood] 21/6/2016 11:01

I was intrigued yesterday to read the Sunday Times editorial on the referendum. Although its reporters have been free to declare their differing views the editorial came out with a Leave recommendation. The curious twist was the suggestion that we wouldn't actually leave - that we'd continue to be members and enjoy all the benefits but continue to bargain on the basis of a Leave mandate.

This sounds like Boris' idea from a few months ago, that a Leave vote would allow us to negotiate a better deal, to be followed by another referendum. It's superficially attractive but I can't easily see the govt and EU doing another round of talks.

The idea that a win for Leave isn't final chimed with some other comment and my own thinking that a narrow majority is a very weak mandate and a poor basis to take the country out, with all the upset that would entail. We have to remember also that the referendum is not binding. It's a recommendation to Parliament and with a large majority of MPs who want to Remain: 464 v 151 at the most recent count, I can't see them easily throwing in the towel unless the Leave vote is nearer 60%. It would be a bit like turkeys voting for Christmas - except the turkeys would have a pretty good idea what was coming.

In any event, we can't leave just like that. There are huge problems to sort out: the first perhaps being the 3m or so EU citizens here and the 2m of our people over there! Then there's all the trade stuff, which would take decades to sort through.

Whatever happens Thursday, the days ahead are going to be high drama. Of course I still want people to vote Remain. Very few of us think the EU is wonderful but we see the advantages so far outweighing the disadvantages. I also have a strong belief in the UK as a positive force for change in Europe. The EU will continue to develop and to affect us however we vote. Does anyone really think we will turn a blind eye and not want to have our say?

[gismo] 21/6/2016 08:15

Many a true word spokenWon't you join our Common Market?' said the spider to the fly, 'It really is a winner and the cost is not too high''I know De Gaulle said '' Non'', but he hadn't got a clue, 'We want you in, my friends for we have plans for you.'You'll have to pay a little more than we do, just for now, 'As Herr Kohl said, and I agree, we need a new milch cow, 'It's just a continental term, believe me , mon ami, 'Like ''Vive la France'' or ''Mad Anglais'' or even ''E.E.C.''.'As to the rules, don't worry friend, there's really but a few 'You'll find that we ignore them -but they all apply to you.'Give and share between us, that's what it's all about, 'You do all the giving, and we all share it out.'It's very British, is it not, to help a friend in need?'You've done it twice in two World Wars, a fact we must concede, 'So climb aboard the Market Train, don't sit there on the side, 'Your continental cousins want to take you for a ride'

[moneymunch] 20/6/2016 23:13

Well Zak Mir reckons the share price has most probably hit bottom, is over sold and it won't take much to get it moving up, my sentiments exactly.........Brent's back to $50 and many forecast $60 to $70 second half of this year, and so at this stage of proceedings it's all about how much oil is in the ground and how much is likely recoverable regardless of the outcome of the Brexit vote.....the imminent Nutech/Xodus report will give the market a very good idea. Gl holders, truly transformational upside potential on confirmation of a world class high quality oil discovery of breathtaking volume and undoubted national significance.....in out, in out, shake it all about!!! ;-)

[dice1950] 20/6/2016 21:43

Technical Analysis UKOG
20th June 2016

[beebong1] 20/6/2016 18:19

The Monster Raving Loony Party are pro Brexit as well.

"BRITAIN will exit Europe and join the Duchy of Cornwall to benefit from tax exemptions."

[moneymunch] 20/6/2016 17:01

I think we've seen the very bottom today...and with the likey reserves upgrade imminent.....upward momentum from now on in regardless. Gl ;-)

ps just imagine if Ukog delivers the Nutech/Xodus report tomorrow or Wednesday and Boris uses the data to tell Joe Public about the potential billion £'s revenue ahead for Uk Plc, and not to be concerned about any downside in the economy if the vote is out, as the billions of barrels of oil will offset any decline, although if the vote is out the Uk Govt. will be fast tracking HH and oil production across the Weald for the very same reason......and if the vote is in, expect a bounce in share price anyway, as all markets will surely do.....and then a massive likely re-rate on delivery of the reserves upgrade.....a win win win for Ukog and its shareholders which ever way the vote. Gla ;-)

[beebong1] 20/6/2016 16:39

It has been bouncing around the spread all day IMO and finished as it started. Low volume and no real trades of note, predominantly under £1k so a pretty unremarkable day. Friday has a 1 in 3 chance of being be lively IMO but even that will depend on the outcome. I always like bad news late on a Friday.

[moneymunch] 20/6/2016 13:48

especially for those that sold......gla holders ;-)))

[nidgeyr] 20/6/2016 13:25

Well that dip didn't last long....