Uk Oil & Gas Share Discussion Threads

[lithological heterogeneities] 24/6/2016 12:09

"US presidential hopeful Donald Trump has said it is a "great thing" that the people of the UK have "taken back their country" in voting to leave the EU."


"Donald Trump praises 'brave and brilliant' Brexit vote: ‘They took back control of their country’"

[datait] 24/6/2016 11:53

we need trump lol

[lithological heterogeneities] 24/6/2016 11:10

"investments are headed down"

LOL !

[rayrac] 24/6/2016 10:37

But it's going to cost you! Investments are headed down and all you've got for leave, is Nigel, Boris and Ian!

What a shower.

[baldrick1] 24/6/2016 09:29

I had a cunning plan..it worked for the first time..voted leave

[beebong1] 24/6/2016 09:27

Rich pickings. Picked up loads that had tanked below 20% which have now recovered, some still 6% down overall but should be a good day.

[lithological heterogeneities] 24/6/2016 09:08

What fantastic news to wake up to.

Best day for (ex-Great) Britain in my lifetime.

Perhaps now we can try to take back LONDONISTAN as well to make Britain Great once again.

[gismo] 24/6/2016 08:51

SS will wait until the dust settles.

[moneymunch] 24/6/2016 08:46

ps Brent now at $49 plus and rising!!! ;-)

[moneymunch] 24/6/2016 08:41

Big big big news coming...and a good news story for UK Plc with the prospect of so much revenue from so much likely recoverable oil....Gla Citizens!!!:-)


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.

[moneymunch] 24/6/2016 08:33

LOL...looks like we're in for a blue finish...Gla Holders ;-)

[moneymunch] 24/6/2016 08:32

In a research note sent out to clients on Monday, Raymond James’ energy research team raised its 2017/2018 oil price forecasts by around $5/bbl. The team now expects Brent crude to trade within a range of $79/bbl to $83/bbl by 2017 and $80/bbl by 2018. Over the long-term (2019) the team expects oil prices to fall back to $70/bbl for WTI and $75/bbl for Brent:

“We are raising our 2017/2018 oil price forecasts by $5/Bbl. Specifically, our 2017 forecast for WTI increases from $75 to $80 and Brent increases from $79 to $83 – this marking the cyclical peak of the oil recovery. Similarly, we are initiating a 2018 forecast for WTI ($75) and Brent ($80), which is $5 higher than our previous long-term deck…We are maintaining our long-term (2019 and beyond) forecast of $70 WTI and $75 Brent. Given the U.S. shale industry’s ability to post steady cost efficiency gains, our bias would be that, over time, oil prices move lower (or the futures curve becomes backwardated starting in mid-2017. This $70 price deck should support sufficient long-term U.S. oil supply growth to offset slowly rising global oil demand and falling non-U.S. oil supply.” — Raymond James on oil.

[moneymunch] 24/6/2016 08:28

Get em while they're cheap.....big bounce coming...significant rise on "national significance" a given. ;-)

[beebong1] 24/6/2016 08:25

Written by Bloomberg - 24/06/2016 7:22 am

Rising petroleum demand in China, North America and Europe will help bring global oil markets into balance this year, BP Plc Chief Executive Officer Bob Dudley said.

“Global supply and demand recently have moved toward a better balance, and we expect this trend to continue into the second half of 2016 and probably reaching a balance by the end of the year on a daily basis,” Dudley said in a speech to the Economic Club of Washington, D.C. As stockpiles are drawn down, oil prices will probably reach $50 per barrel by the end of the year and $50 to $60 next year, Dudley added.

Crude prices in New York have rebounded by about 90 percent since hitting a 12-year low in February, hovering around $50 a barrel, as U.S. output has declined and disruptions in Nigeria and Canada pared supplies. It’s still worth less than half its peak price in mid-2014 though, which has forced BP and other producers to slash spending and defer new projects. That approach should continue even as BP works to replenish naturally declining reserves.

“We’re not expecting the days of $100 oil to return anytime soon, so we must maintain our discipline and continue to improve our productivity or we won’t survive,” he said. “We’ve got about 40 projects that look economic between now and the early 2020s that we can see.”




www.energyvoice.com/oilandgas/112989/bps-dudley-sees-oil-markets-balancing-50-crude-year/

[y0u] 24/6/2016 08:22

Right, where's this reserves upgrade then?

[markycrispy] 24/6/2016 08:15

have bought some blue chip stocks first thing for the long term

This will possibly go sub 1p for a short while but its a long term hold / punt so not going to panic in to selling.

Am not over exposed which is the secret to a calm mind

[datait] 24/6/2016 08:07

The oil we have will make a huge difference to our Country.

[datait] 24/6/2016 08:05

lol you cant buy but stop losses are getting taken out dont panic whatever you do.

[gismo] 24/6/2016 08:02

Great day! The markets will shake but don't panic it will settle, at least now we can keep all that lovely oil without EU interference.

[tmmalik] 24/6/2016 07:57

Bad day but central bank will take some steps on Monday