Uk Oil & Gas Share Discussion Threads

[lithological heterogeneities] 21/6/2016 16:57

The Nutech report is due "SHORTLY".
I will be amazed if we do not see BIG numbers.



UKOG RNS - 13 JUN 16


"Future Plans

The Company has commissioned the following independent external studies, which will be reported shortly:

- Nutech: a detailed analysis of the Oil in Place of the Kimmeridge section and deeper Jurassic within the 300 sq km Licence

- Assessment of the Gas in Place and potential recoverable volumes within the Portland accumulation proven by GB-1"

[lithological heterogeneities] 21/6/2016 16:56

hopefully we will return to 2p+ on the Nutech report which is expected "SHORTLY"

[gismo] 21/6/2016 16:55

Lol typical reply

[beebong1] 21/6/2016 16:46

moneymunch

Strange that 3 days later, 13th June, UKOG or CELTIQUE ENERGIE have not mentioned that in a RNS or news release when news of PEDL 243 was released.
Until it has, pure speculation IMO.


ALL

Think you need to put the EU debate to bed. EU Council, Council of Europe, Council of Ministers, Council of the European Union, European Council and European Parliament are all names but do you all know what they mean!!! I don't think so. getting really boring IMO.

[forwood] 21/6/2016 16:46

lh, I've already answered your questions simply and truthfully. I have tried to clarify for you the 3 bodies that can be described collectively as the EU HQ and the 3 different arrangements and how they are democratically accountable.

Let's try another way:

1. Does the UK electorate vote for UK members of the European Parliament?
2. Do we vote on those who work for our civil service?
3. Are UK Ministers of State (eg the Prime Minister) democratically accountable?

Here's a clue, the answers are yes, no, yes.

[lithological heterogeneities] 21/6/2016 16:36

forwood,

when did YOU last vote to elect any of these EU ministers?

[lithological heterogeneities] 21/6/2016 16:35

forwood

have you voted for any of these EU members in Brussels?

in a democratic society we have the right to vote.

if anybody votes to REMAIN then please explain to me how you can use your democratic right to vote on the 23rd for an EU council in Brussels that is not voted for by you?

this is sheer hypocrisy.

you cannot vote for an institution that does not allow you to vote to elect/remove them.

the very fact that you can exercise your vote in the UK means that you cannot possibly vote to "remain" and be governed by an unelected institution that refuses you your democratic right to vote them in/out !

either you are in support of democracy or you are not. you cannot exercise your democratic right to "vote" to not have democracy.

[gismo] 21/6/2016 16:32

Forwood are you an MP as you can't seem to answer yes or no to any question? Yes or no please?

[lithological heterogeneities] 21/6/2016 16:24

The answer to all 3 questions above is NO.

No matter how much you try and avoid answering the question you cannot hide the simple truth...

NONE OF THE ELECTORATE IN ANY EU MEMBER COUNTRY HAS VOTED FOR THESE PEOPLE AND NONE OF US CAN VOTE TO GET THEM REMOVED.

[lithological heterogeneities] 21/6/2016 16:20

forwood:

"YES - all of the UK ministers, by virtue of their having won a seat in our own elections and being appointed to the cabinet of the ruling party. Other national ministers are subject to their electorates. Voting power is weighted to the size of the home electorate, as follows:

Again you avoid answering my questions (well actually you already have by stating what we already know,ie that ministers,NOT THE ELECTORATE,vote themselves into a nice well paid job).

So please try and answer my questions accurately with a simple YES/NO::

are any of the ministers at the EU HQ in Brussels elected by the UK electorate, ie any actual UK voters?
YES/NO

can any of us UK voters, who have never voted any of them in, vote any of them out?
YES/NO

can the electorate of any EU member country vote to remove any of them?
YES/NO

[forwood] 21/6/2016 16:14

Am not having statements like your 2nd one lh

are any of the ministers at the EU HQ in Brussels elected by the UK electorate, ie any actual UK voters?
YES - all of the UK ministers, by virtue of their having won a seat in our own elections and being appointed to the cabinet of the ruling party. Other national ministers are subject to their electorates. Voting power is weighted to the size of the home electorate, as follows:

Germany, France, Italy and the United Kingdom: 29
Spain and Poland: 27
Romania: 14
The Netherlands: 13
Belgium, Czech Republic, Greece, Hungary and Portugal: 12
Austria, Bulgaria and Sweden: 10
Denmark, Ireland, Lithuania, Slovakia and Finland: 7
Cyprus, Estonia, Latvia, Luxembourg and Slovenia: 4
Malta: 3

Same applies to the Parliament (we have a 9.7% share of the seats) but this is a directly elected body, one member one vote. The commission - like our own civil services - is not an elected body but key positions are filled by nomination and agreement.

can any of us UK voters, who have never voted any of them in, vote any of them out?
YES, obviously we can only vote on UK representatives. That is the nature of democratic institutions.

can the electorate of any EU member country vote to remove any of them?
YES, totally - each member is subject to their own country's democratic processes.


There are a large number of websites where these arrangements are spelled out in varying degrees of detail.

[lithological heterogeneities] 21/6/2016 16:11

The Nutech report is due "SHORTLY".
I will be amazed if we do not see BIG numbers.



UKOG RNS - 13 JUN 16


"Future Plans

The Company has commissioned the following independent external studies, which will be reported shortly:

- Nutech: a detailed analysis of the Oil in Place of the Kimmeridge section and deeper Jurassic within the 300 sq km Licence

- Assessment of the Gas in Place and potential recoverable volumes within the Portland accumulation proven by GB-1"

[moneymunch] 21/6/2016 16:04

and news also expected on 234's license extension by end of this month. Gl :-)

The Weald ATA is subject to customary conditions and the approval by the Oil and Gas Authority of, amongst other things, an extension of the term of PEDL234, the approval of which is expected to be received by the end of June 2016.

[gismo] 21/6/2016 15:40

Very well said lithological, my sentiments exactly. If we stay in then I hope the remains have the courtesy to look back in a couple of years to see what a catastrophe they have caused.

[gismo] 21/6/2016 15:34

Rayrac"Free movement around the planet for ALL people, not a tight nationalistic view, but an internationist out look!"Have you forgotten the Paris and Brussels bombings!!! Free movement no boarders = trouble. If we remain you ain't seen nothing yet. And as for turkey not joining only 2 days ago the EU installed a seat in the EU for its minister. You want problems then you go ahead and vote remain. Forget places for your kids in schools. There won't be any!

[beebong1] 21/6/2016 15:18

Source DECC

"The Licence will, however, expire at the end of the Initial Term if the well has not been drilled."

[lithological heterogeneities] 21/6/2016 15:08

forwood

answer me some simple questions.

are any of the ministers at the EU HQ in Brussels elected by the UK electorate, ie any actual UK voters?
YES/NO

can any of us UK voters, who have never voted any of them in, vote any of them out?
YES/NO

can the electorate of any EU member country vote to remove any of them?
YES/NO

I look forward to a simple,straight forward reply, not the sort of typical politician waffle you posted above which avoids the actual question.

[moneymunch] 21/6/2016 14:37

9 days or less before we find out if Ukog have picked up PEDL'S 231 and 243 for free as suggested by Mpet's news release as both will be relinquished ( drill or drop ) by the end if the month.....another possible reason why we're still waitng for the Nutech/Xodus report. Gl :-)




On June 10 2016, Magellan Petroleum (UK) Limited ("MPUK"), a wholly owned subsidiary of Magellan, entered into i) an Asset Transfer Agreement for the sale to UKOG of MPUK's 50% interests in PEDLs 231, 234, and 243 (the "Weald ATA"), ii) an Asset Transfer Agreement relating to the sale to UKOG of MPUK's 22.5% interests in the Offshore Petroleum Licence P1916 (the "IoW ATA"), and iii) a Settlement Agreement with Celtique. The consideration payable by UKOG to MPUK for the Weald ATA amounts to £1.75 million in a combination of cash and shares in UKOG. The consideration for the IoW ATA is the assumption of MPUK's outstanding payables related to its interests in the Offshore Petroleum Licence P1916.


Contemporaneously with these transactions, MPUK and Celtique have initiated the process of relinquishing their interests in PEDLs 231 and 243.

[rayrac] 21/6/2016 14:23

Well put forwood!

I wonder if our voting system is democratic? Many think it's not! Although I vote Tory, I don't look forward to getting the ex mayor of London as our leader! Might do the unmentionable and go green.🌿