Uk Oil & Gas Share Discussion Threads

[moneymunch] 23/6/2016 09:08

Lol Gismo, North Surrey, lots of clay a few feet down and lots of oil a few feet deeper. Gl :-)

[datait] 23/6/2016 08:17

Not long now folks after today we should get the news as no way it would be released before the voting.

Next week we should get the news reports.

[gismo] 23/6/2016 08:06

You must be in London? I heard it's bad up there. The French sent that over!

[moneymunch] 23/6/2016 08:01

Lol, alright for some Gismo, i've got a pond six inches deep at the bottom of my garden that wasn't there when i went to bed last night. Thunder and lightening all night long.....the storm before the calm.......Gl ;-)

[beebong1] 23/6/2016 07:43

POO still on the $50 helter-skelter.
Remain 1/4
Leave 10/3
Roll on tomorrow.

[gismo] 23/6/2016 07:42

Good morning moneymunch. Lovely day down here in the West Country.

[gismo] 23/6/2016 07:41

Good morning all voters. Get out there and have your say. Once this is over we can look forward to some news about the brilliant prospects of what will be an amazing company.

[moneymunch] 23/6/2016 06:50

I'm sure Ukog will have a long list of potential sites including Top Gear's track. gl ;-)

Conceptual Alternative Sites Selection Study of the Weald Basin on behalf of UK Oil and Gas Investments PLC

Barton Willmore, the specialist energy planning and environmental consultant, has completed an independent study for UK Oil & Gas Investments PLC (UKOG) that investigates the siting of potential drilling and production facilities over its licences and areas of interest in the Weald Basin area of South East England that could be used to develop the Jurassic tight limestone oil play, established by the recent Horse Hill-1 drilling, in the event it is demonstrated to be technically and commercially feasible.

The objective of the study was to investigate, at a conceptual level, whether potential sites necessary to develop a significant Jurassic tight oil resource could realistically be located in places that would provide minimal impact on the environment of the Weald.

The study has focused primarily on searching for previously developed land, co-locating with existing “brown field” industrial, minerals and waste sites, including disused factories, airfields/airports, quarries and sewage treatment works, government land ( such as Ministry of Defence) ,identifying existing woodland clearings and identifying sites adjacent to main roads away from urban areas.

[beebong1] 22/6/2016 21:46

The Top Gear track must be in PEDL 234 or if not very close to it. That must be a brownfield site.

[moneymunch] 22/6/2016 20:56

A very good time ahead l.hetero, this is about to go big time imho as the penny drops and full market appreciation finally arrives on the likely billions of barrels under our green and pleasant doorstep. I'm fairly certain that the analysis of resources on the above will come at the same time and be packaged with the Nutech / Xodus upgrade for Ukog's entire Weald/Kimmeridge interest......and what's really exciting imho is out or in, the UK Govt. will make much of the imminent update given the likely national significance of so much oil and so much potential revenue and energy security for Uk Plc, especially if the vote is out.....gl :-)))

[lithological heterogeneities] 22/6/2016 20:03

thx mm,

forgot all about the imminent Godley Bridge RNS

a good time ahead imho, and very soon.

[moneymunch] 22/6/2016 19:47

14th June 2016 - SS continues;

"I think very shortly, as in the RNS, we’ll be issuing updates on the Portland Contingent Resources at Godley Bridge, that’s Contingent Gas Resources and also gas in place, and also we’ll be releasing Nutech’s numbers of the actual oil in place over the 300 square kilometres of the licence in the Kimmeridge, specifically in the Kimmeridge shales but also most importantly in the Kimmeridge Limestone, as I said, I think we’ll see that those numbers are actually as good if not better than what we see at Horse Hill."

[moneymunch] 22/6/2016 19:38

It's all about the oil on Ukog's latest acquisition, but the potential gas as SS explains could provide much added value. Gla holders......BIG NEWS from Nutech/Xodus coming. ;-)

Q1: So this morning you announced the acquisition of a 100% interest in the PEDL234 licence, can you tell me why did UK Oil & Gas Investments acquire this particular licence?

A1: Well I think firstly it’s very exciting to make this acquisition, primarily geared at the good new Kimmeridge Limestone oil play and I think it’s fair to say that in terms of prime acreage in the play, this is about as good as it gets for acreage that’s available at the moment. I think, maybe, let’s go back a bit to February/March with the flow tests at Horse Hill and I think people should be reminded that that actually proved that the Kimmeridge Limestone oil play was a reality, we got record breaking flow results and most importantly those flow rates were actually commercial rates. So I think we knew that from the old Nutech studies that this play actually extends over the entire area of the basin, clearly there are better parts of it than others, and we’re primarily geared at looking at the best parts of it of course and this really fits the bill.

So what we did is we used UK Oil & Gas Investments’ own internal studies, and of course Nutech, to actually decide which are the best parts of the basin and this licence clearly falls in the prime areas, right in the centre, it’s either the best development of oil in play, the deepest areas like we had the most oil generation, oil in place for the Kimmeridge clays and also of course our Kimmeridge Limestones. It’s got the same structural trends that we see in Horse Hill, it’s very much a lookalike over the whole area to Horse Hill, it’s also a very much a lookalike to Balcombe well just to the east which also had oil in the Upper Kimmeridge Limestone so this really offers us lookalike or better Kimmeridge potential to Horse Hill, it’s a big block, it’s 300 square kilometres, much bigger than our existing Horse Hill and Holmwood licences.

I think also the other thing is not only does it have Kimmeridge but it has this extension Godley Bridge Portland gas discovery and the Portland is the same reservoir that we have at Horse Hill except it has got gas in it this time and that’s very exciting, it potentially adds Contingent Resources as well as prospective resources and we can drill a well there that appraises that field and also test the Kimmeridge at the same time so we killed two birds with one stone.

The other key part of why UK Oil & Gas Investments got this is of course that the licence comes with planning permission and environment agency permission to drill a well at Broadford Bridge which has a well pad constructed. That means that we can go forward and test the repeatability of the Horse Hill results in another part of the basin, probably in 2017 we’re ready to go and I’ll speak more about that and that actually then extends the proven area of the Kimmeridge over much of the basin and so that would be a huge step forward with that.

[beebong1] 22/6/2016 17:27

From IGas CPR January 2014 carried out by SENERGY (GB) LIMITED on Godley Bridge in PEDL 235.

Resources Net to IGas

Proved plus Probable (2P) Reserves 0

Volume Gas (Bscf) 2C Contingent Resources 5.60

NB. 2C: in a resource size distribution this is the Base case or P50 (50% probability) or Mean volume. This is defined for each asset in the body of the report.
PEDL 235 is the upper left quadrant of PEDL 234

[lithological heterogeneities] 22/6/2016 10:20

...and buying lots of UKOG on the cheap.

win win.

[forwood] 22/6/2016 10:09

If the Remain vote wins, market rally will be significant. If Leave wins, get ready for the market tanking 10% or more

[datait] 22/6/2016 09:31

Friday will be a very exciting day for the markets.

[datait] 22/6/2016 09:04

2v1 and all moving higher

[datait] 22/6/2016 09:01

The news will be posted after Brexit and then you will see this fly very high.

[moneymunch] 21/6/2016 21:04

ps "it's all about Brexit"..... there's a video link on the Bloomberg link where two analysts are discussing oil and Brexit.....they reckon that oil is on the brink of another significant push North because of falling supply and increased demand etc, and is heading North on positivity that the vote will be remain, but is likely to drop to c$43 a barrel if the UK votes out, but at that level there would be a surge of investors and traders taking advantage of the opportunity to go long at such a level which would quickly push the price back up.

A pattern which no doubt we'll see in all markets imho, once the dust has settled if the vote is out. Gl exciting times. ;-)

[moneymunch] 21/6/2016 20:31

Get Ready for $80 Oil

[moneymunch] 21/6/2016 20:18

Cheers l.hetero, the Rns - 13 Jun refers to Nutech's analysis of PEDL234 the latest Ukog acquisition from Mpet/Celtique, which presumably will be the main reason why we're still awaiting the full Nutech/Xodus reserves upgrade and estimation of recoverable volumes etc for Ukog's entire Weald/Kimmeridge license area's, as PEDL234 is number crunched and factored into the equation.

There are two other neighbouring blocks that Mpet and Celtique are in the process of relinquishing PEDL231 and 243 ( drill or drop by the end of this month ) and Mpet's press release 13th June stated that Ukog would be the recipient, in which case we should get an Rns soon confirming this, if indeed Mpet's press release is correct, and therefore a further delay is likely on the release of the Nutech/Xodus report for these two other potential blocks to be included in the figures/reserves net to Ukog, which conveniently means the eagerly awaited report will be delivered after the Brexit dust has settled imho. Gl ;-)

ps Yes indeed, the numbers are going to be very BIG!!! ;-)

[lithological heterogeneities] 21/6/2016 17:34

thx mm,

worth repeating:

NUTECH executive vice president and chief commercial officer,:
"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.

+

UKOG RNS - 13 JUN 16
"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"


so yes, BIG numbers coming out "SHORTLY" from Nutechs new report.

[moneymunch] 21/6/2016 17:18

Big big big news coming...:-)


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, NUTECHs 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 NUTECHs 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.