Uk Oil & Gas Share Discussion Threads

[moneymunch] 27/6/2016 05:44

It's uncertain how much more uncertainty can be created by those that are uncertain, but i'm certain that many who are uncertain are hell bent on creating more uncertainty.....another drop in most markets today looks certain, mainly created by those that are uncertain.....but is Ukog going to buck the trend as we witnessed with Friday's recovery in share price at close???.....i'm certain they will on a stellar reserves upgrade, and certain that's exactly what is needed for UK plc to stem the side of of uncertainty from those that are uncertain.....the "National Significance" of the Weald Basin's oil potential looks like a certainty....i'm certain!!! Gla ;-)

[palwing13] 27/6/2016 04:40

"Don't panic Mr Mainwaring, DON'T PANIC!"Most probably too young to remember that...lol

[lithological heterogeneities] 26/6/2016 17:00

18 APR 2016
Impact of Kimmeridge Limestone Oil on UK Economy


Kimmeridge Limestone Oil - Economic Impact Highlights:

• Future peak oil production could provide approximately 4% to 27% of 2014 UK daily oil demand over the life of the project
• The Gross Value Added to the UK economy could range from £7.1 billion to £52.6 billion
• Generation of between approximately 1,000 to 5,600 jobs in the UK, averaged over the project's lifetime
• Lifetime tax revenues of between £2.1 billion to £18.1 billion

[gismo] 26/6/2016 12:48

Good post as usual moneymunch, let's hope we get on the front page of the Nationals, perhaps those who voted remain will think again! No interference from the EU, it's our oil!

[moneymunch] 26/6/2016 11:03

ps and to use a good old fashioned British Cliche.....

KEEP CALM AND CARRY ON!!!

Like it or lump it, winners or losers and regardless of the immediate uncertainties, Great Britain is taking control of its own destiny and now faces a new and exciting chapter in its history, and Ukog could have a very important role in its future success. Gla Citizens and Gla Ukog shareholders...Significant upside imminent imho , and transformational potential upside ahead. ;-)

[moneymunch] 26/6/2016 09:39

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....Ukog is all set for stardom!!!.....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] 26/6/2016 09:02

No mention of the potential billions of barrels of oil in the Kimmeridge Limestones of the Weald, SE England, ( YET!!! ), and the reference to small companies facing problems in raising capital refers to those involved in North Sea projects......and not those involved in onshore conventional oil extraction.

The expected Nutech/Xodus reserves upgrade and estimation of recoverable volumes could be heralded as the good news story that is much needed for UK Plc with so much oil and so much potential revenue, given the circumstances that have been thrown up by the Brexit vote, as the scare mongering continues because of so much uncertainty.

Ultimately, the UK could become a net exporter of gas from the potential of the Northern UK fracking projects, but more importantly a net exporter of oil from the potential of the Kimmeridge limestones, which is much further ahead in its development on the back of the sterling work at HH by Ukog et al.

Whatever your opinion, and what ever lies ahead for UK Plc, Ukog's prospects and potential now look more transfromational than they ever have, and i think we're going to see some serious upside from now on in, on the back of the likely "National Significance" of the Weald Oil Basin.... Good news coming...gla ;-)


Wall Street Journal

‘Brexit’ Unlikely to Have Big Impact on U.K. Oil and Gas Market, Consultant Says
As a major buyer of energy from Europe, the U.K. will still get a good deal,

Wood Mackenzie chairman says
By Kevin Baxter
June 24, 2016 1:56 p.m. ET


LONDON—The U.K. is too large a market for European oil and gas sellers to be marginalized too much by its exit from the European Union, said Simon Flowers, chairman and energy chief analyst at global oil consultancy Wood Mackenzie.

In an interview with The Wall Street Journal, Mr. Flowers said the U.K. could be subject to some tariffs on oil and gas from the EU as part of any new trade deal. However, global markets for both resources are oversupplied and there is enough competition for the U.K. to ensure it still gets a good deal, he added.

The U.K. “buys a lot of energy from Europe, especially gas, and there is no question it is one of Europe’s largest markets,” Mr. Flowers said. “But, it can just as easily buy liquefied natural gas from the U.S. or elsewhere if any proposed tariffs prove to be too high.”

Mr. Flowers was more bearish on North Sea oil operations, warning that many companies may pause and wait until the full extent of Brexit is known. Smaller companies operating in the region also may face serious issues raising capital for projects, he said.

“If smaller [oil] companies want to develop assets or raise money for investments, it is going to be harder in the next two years,” he said. “It’s hard anyway because of low oil prices, but this is going to make it tougher still.”

While the U.K.’s energy security is now uncertain, Mr. Flowers believes that one solution, shale gas, isn’t a viable prospect despite governmental enthusiasm for hydraulic fracturing, or fracking, to begin as soon as possible.

“Shale gas is very contentious, but the chances of getting any serious volumes of the resource in the next 10 years is extremely limited,” he said.

[moneymunch] 25/6/2016 15:50

Boris has employed DL as consultant......;-)))

In reply to Mark Harrison
David Lenigas ‏@DavidLenigas 4h4 hours ago
@mah8097012 You will find out soon enough. But I'm genuinely seriously excited that this new role can make a big difference to the #UK.

[moneymunch] 25/6/2016 14:33

David Lenigas ‏@DavidLenigas 19h19 hours ago

What a week for my mates in the #UK. :) :( I'm 100% signed on today to roll my sleeves up and get stuck in to increasing UK oil production.

[temmujin] 25/6/2016 13:57

the gatwick gusher could remove the need to have fuel tax on our fuel...imagine the price of fuel then 40p?

[temmujin] 25/6/2016 13:55

big Dave about to release big news..could be monday

[moneymunch] 25/6/2016 13:14

Mpet and Celtique have sold PEDL234 to Ukog, and Mpet have stated in their press release that PEDL231 and 243 are going to Ukog as well, and are in the process of relinquishing them end of this month with Celtique because of the drill or drop in place......now given the financial transaction for Pedl234 and Mpet's statement on the other two licenses, one would imagine this puts Ukog in pole position to be the recipient of both 231 and 243???

Mpet also stated that they still retain 35% of HH, on which they have a free carry up to and including the 90 day production flowtests.......which suggests that they may want to hold on to some if not all , unless they get an offer they can't refuse given their desperate need for cash to retain their Nasdaq listing.

Gla, we should have a good idea of who has what within the next week or so, and because of the circumstances of the Brexit vote, it's possible that a MAJOR could make an early move for Mpet's 35% with 231 and 243 thrown in perhaps . Boris is now desperate for a good news story, especially one of such epic proportions of the potential of billions of barrels of oil and billions of £'s revenue to the stand alone UK Plc...... Exciting times nevertheless with the Nutech/Xodus report to land just as soon as they know how much net interest Ukog has of the Weald Kimmeridge Limestones. BIG news coming and undoubted significant UPSIDE imho!!! ;-)

[m0rrisminor] 24/6/2016 21:16

Stop press Osborne spotted in Paraguay in a dodge uniform !!!...

[m0rrisminor] 24/6/2016 21:16

Stop press Osborne spotted in Paraguay in a dodge uniform !!!...

[lithological heterogeneities] 24/6/2016 18:03

they have already been getting it out.

there are lots of videos showing UKOG taking it away in tankers such were the good flow rates involved.

the UKOG CEO has already been to No10 Downing Street on several occasions such is the potential significance to the UK economy.

[charliemike] 24/6/2016 17:46

Mark can you do that for me . Bought my first lot today . One thing springs to mind is yes the oil may be there . Question is can they get it out .

[datait] 24/6/2016 16:26

markycrispy you have no respect at all and nothing to add so why bother posting at all.

[markycrispy] 24/6/2016 16:15

I am a holder of this share and I honestly have not seen a BB with so much unsubstantiated ramping. there are a few on here that need to relax and are obviously over exposed.If you post every day there will be news tomorrow I suspect one day you might actually be correct. Posters on here that gain respect are the ones who offer insight and researched opinions.

[datait] 24/6/2016 16:05

Watch this fly come Monday on news

[niceyman1] 24/6/2016 15:39

Tick-up coming?

[bygdennis] 24/6/2016 15:33

Could have a good last hour, News should be coming soon?