Uk Oil & Gas Share Discussion Threads

[lithological heterogeneities] 28/6/2016 17:47

So its possible we could have both a huge Nutech upgrade and new broker report to reflect this.

[lithological heterogeneities] 28/6/2016 17:43

Dowgate Capital Broker Report
UKOG - STRONG BUY
07 Jul 15


Price Target:
3.7p Low Case,
13.1p - Base Case
87.9p High Case

This was well before drilling and confirming record UK onshore commercial discovery flow rates and before they just DOUBLED their acreage.

I wonder how these figs will be revised now its a proven oil discovery with record onshore UK oil flows in a "stellar" discovery (UKOG CEO words in audio uinterview above) and have just added another 300 sq km ,DOUBLING the Kimmeridge play (with more to come as UKOG CEO also points out in audio interview).

[moneymunch] 28/6/2016 17:32

and a great one from from DL......Gla, the penny is finally dropping.....full market appreciation is building up a head of steam. ;-)

[lithological heterogeneities] 28/6/2016 17:31

28 Jun 2016
UKOG audio interview - video no 513


From 14 mins 15 secs into audio interview:

Q...Can you give 3 reasons why investors should add UKOG to their watchlist?

1...We are seriously undervalued considering the assets that we've proven in the ground.

2...We have enormous growth potential.We have one good well we are about to drill, atleast two others in the next year that is really going to establish this play over the Weald. We have a very large acreage and our value is going to go up very considerably.

3...In the next 2 years we are going to go from prospective resources to bookable reserves and we're gonna have some large numbers because the numbers in the ground are enormous. We are talking,in the Kimmeridge limestone,over the entire basin, of about 20 BI oil in the groundLLION barrels so we are going to have a big chunk of that and we can get 5% - 10% of that out we think.

Interviewer..."Hopefully we will speak again very soon"
UKOG CEO..."Yes, watch this space"


Was that a heavy hint at the imminent Nutech large upgrade report that has been due "SHORTLY" since the 13 Jun 216 RNS ?

[moneymunch] 28/6/2016 17:25

ps Another great interview from SS.....this is going to be massive imho. Gl ;-)

[moneymunch] 28/6/2016 17:10

More good news about to hit??? Gla holders, a big blue day tomorrow could be on the cards. ;-)))

28-Jun-16 16:33:29 1.40 1,400,000 Buy £19.60k

28-Jun-16 16:32:04 1.40 3,500,000 Buy £49.00k

28-Jun-16 16:30:22 1.40 2,000,000 Buy £28.00k

28-Jun-16 16:30:09 1.40 2,500,000 Buy £35.00k

[moneymunch] 28/6/2016 15:10

Stephen Sanderson Executive Chairman and CEO of UK Oil & Gas #UKOG discusses their interim results and reflects on their prospects going forward.

UKOG have a portfolio of direct and indirect investments in 11 UK onshore exploration, appraisal, development and production assets. These assets cover 650 sq km in the Weald and Purbeck-Wight basins of Southern England.

[lithological heterogeneities] 28/6/2016 14:46

using a hovercraft with alot of hoovers I take it ?

:0)

[datait] 28/6/2016 14:43

sells are being hovered up.

[bygdennis] 28/6/2016 14:19

So Funky, you're saying like most do, ukog will be very good in the future if there is enough investment, but don't invest????. So what are shareholders who see the potential for?

[moneymunch] 28/6/2016 14:19

Lol funky, they've got loads of cash ( c£7m ) for all of their near term development plans including the 90 day production flowtests which is likely to generate significant revenue from the sale of test oil, especially now that extraction costs per barrel is expected to fall.

"We now expect that Kimmeridge oil development economics will be boosted by higher than expected well rates, delivering faster payback of investment capital, and a significant reduction in operating costs per barrel."

Ukog have been masterfully steered by SS into the most exciting position and their prospects and potential look truly transformational. The reserves upgrade and estimation of recoverable oil etc, potentially billions of barrels, is now due which could add significant value and undoubted market interest. The current bargain low offers a fantastic opportunity to get in now or top up, as the potential upside and re-rating looks nailed on, and with the price of oil expected to be £60 plus in the coming months, Ukog's value will increase as they develop into a mid cap leading UK oil producer. Gla holders.....more good news imminent!!! Onwards and UP...:-)

[datait] 28/6/2016 14:17

breaking news soon folks follow the heard as they say just look at the buying now.

[datait] 28/6/2016 14:12

watch and weep ya fanny you will be left wishing you had ukog once the news hits.

[funkmasterp12] 28/6/2016 12:41

Enough hot air here to propel a jet. Look at the balance sheet! The company is in dire need of more funding to get this level of exploration, testing and production away (and before someone says, yes I am including the recent placing).By my reckoning the company will need funds by Winter latest, and they'll need another c. £10m to just get the HH-1 tests done, never mind the others. I cannot see why anyone would buy now with such dilution very obviously on the horizon and with an overall market not exactly primed for trading conditions.

[datait] 28/6/2016 10:54

Moving up soon folks 1.4 will go.

[datait] 28/6/2016 10:28

plenty of news to come folks we are on the way back upwards and beyond watch this space news at anytime.

[moneymunch] 28/6/2016 09:58

We now expect that Kimmeridge oil development economics will be boosted by higher than expected well rates, delivering faster payback of investment capital, and a significant reduction in operating costs per barrel.

[moneymunch] 28/6/2016 09:55

It should be noted that the onshore industry has now recognised the Kimmeridge potential since we are aware of two planned Kimmeridge wells from existing Weald oil fields by competitors. However, we will continue to have an appetite for further acquisitions, to strengthen and consolidate our position in the Weald sweet spot and maintain our leading position.

[moneymunch] 28/6/2016 09:53

The Nutech/Xodus report will arrive just as soon as they know how much % interest Ukog owns......PEDL231 and 243 are to be relinquished this week and Ukog are in pole position to acquire.....more news this week imho. Gla holders....Ukog's prospects and potential look incredible!!! :')

[lithological heterogeneities] 28/6/2016 09:30

DATAIT 28 Jun'16 - 08:25 - 4485 of 4490
The report should be out today folks watch for the news.


Why do you say that?
Where do you get that from?

I hope you are correct as a massive upgrade will get us in the news again and get us to 2p+ again.

[beebong1] 28/6/2016 09:26

moneymunch

The difference being I look at the basics and I think you look at the froth. So much for your estimation of £6m in the bank, it is half that.
I hate to think what the consultancy fees will be this year with all the planning/submissions required and reports/studies commissioned.

[lithological heterogeneities] 28/6/2016 09:25

In the same RNS,dated 13 Jun 16 UKOG said:

"has signed agreements with Celtique Energie and Magellan Petroleum to acquire 100% ownership of the 300 sq km (116 sq miles) Weald Basin licence PEDL234 (the "Licence"). The acquisitions more than double the Company's net acreage holdings in the prime Kimmeridge Limestone Oil province"

So has the extra 300 sq km now delayed the Nutech report as it will have to be included?

I find it odd that they say they now have this extra 300 sq km but still say they expect the Nutech report "SHORTLY".

Surely they would need more time to include this extra 300 sq km hence no mention in todays "12 months ahead" section of the RNS.