Uk Oil & Gas Share Discussion Threads

[gizmogizmo] 05/11/2017 17:31

OMG...its sunday and you all need to get a life.
What sad lives you lead if this is all you can do on a day of rest.
Sad Sunday posters.

[amr2017] 05/11/2017 17:28

mikeygit,

I thought so but the grey matter lets me down sometimes so I thought it worth repeating!

Right beer o'clock, catch you all later.

[atino] 05/11/2017 17:27

LOL hahaha :-) Hi-Five 🙌

[Anyways...] did you's know AMR:

"Opposition to fracking is at RECORD HIGH and support at lowest level ever – latest government survey"

Opposition to fracking was at record levels of 36%, (rounded figure) up from the previous high of 33%.

The gap between opposition and support is again the largest so far recorded, increased from 17%, in the previous survey.

[amr2017] 05/11/2017 17:26

Atino,

Free flowing oil in to the jug, apparently Stephen received $3.00 for that jug of oil, that should help the cash position of the company.

[mikeygit] 05/11/2017 17:24

amr---somewhere in the back of my mind I seem to recall you saying something to that effect!!! Ho Ho---yes its getting near that time again XMAS!!!

[markycrispy] 05/11/2017 17:24

Sorry Gismo it is nearly dinner time

[atino] 05/11/2017 17:19

Oh Im sorry...Atino wasn't invested when side tracked *__^ (...more like...his arrival was "cued" right on time on the apex - "KING OF THE PEAK"...for the super slide DOWN) 🏂

...so please excuse my absences 😉

The one thing about this share though...and especially in which this MoneyBruch posts, is that there is...too much reliance on the statements of one person as to the future prospects.

Also the photo's of some guy pouring a jug of oil is ridiculous but apparently enough to keep plenty of small pi's over excited ! light mobile oil....hahaha LOL

[amr2017] 05/11/2017 17:17

Did I mention there's billions of barrels of oil?

[nicebut] 05/11/2017 17:06

Atino,

First there was a sidetrack.....Then cement problems- Get it right!

[atino] 05/11/2017 16:51

4 month’s of “light mobile” tosh...😠


“Anything & everything” in those RNSs since then to keep folks hanging 🙄...but no meaty “flow rates” 😡 👎🏻 (...instead we encountered a slight set back with the problematic cement job !) so boo hoo 😤

[nicebut] 05/11/2017 16:40

More to the point WTD....where are the flow tests promised since July? 4 months ago!

[atino] 05/11/2017 16:30

...or do you’s in the circle ⭕️ fink...that the previous £10 million last rise...will last FOREVER !? 😜😂🤣 LOL

[atino] 05/11/2017 16:27

“Where is the placing promised...4 month’s of nothing”...
29300; hmmm


💁🏻‍♂️ How about...“4 months of strategic forward planning...and financial management review” 😉🙇 👏🏻 ?

After all...it would be nice to have “clear & concise budgets” for management to set targets against, going into the new year 😜🙇

[gismo] 05/11/2017 14:34

lol ok marky, to be sure I don't upset him again, back on filter. He seems to have disappeared for now, afternoon nap maybe, bless.

[moneymunch] 05/11/2017 14:28

Q&A on BB this year: UKOG BOSS STEPHEN SANDERSON

How much would the oil discovery at BB you are hoping for be a game changer?

Stephen Sanderson, UKOG executive chairman:

Clearly for UK Oil and Gas it will be a game changer. It would put us up with middle size of oil and gas companies in terms of the recoverable oil reserves that we would have.

If we show that this oil deposit does extend pretty much 30 odd km to Horse Hill and that it exists over a much larger area, if we use a small number of sites we can make inroads into our daily oil demands of 1.4 million barrels.

Thirty per cent is imported at the moment but by 2030 it will nearly be 70 per cent so it's clearly very beneficial to have indigenously produced oil and gas.

[markycrispy] 05/11/2017 14:26

My guess is Atino is about 12 - have had him filtered for a long time but please be careful you don't want to upset a minor

[moneymunch] 05/11/2017 14:24

Published before Ukog's acquisition of BB, and so potentially even bigger than the report suggests.....Gla Holders.....Transformational UPSIDE on confirmation of commercila flow.....On and UP!!! ;-)


The so-called Gatwick Gusher, a shale basin in the United Kingdom, could add as much as $74 billion to the nation's economy, a study finds.

U.K. Oil & Gas Investments commissioned Ernst & Young to examine the future potential of oil production from the Weald shale basin.

"Assuming it can be extracted from a development site at the volumes projected by U.K. Oil & Gas, has the potential to generate significant economic value to the U.K. economy," the report read.

Oil & Gas U.K., the industry's lobbying group, said the North Sea oil sector is in for a long period of decline, with less than $1.4 billion in new spending expected in 2016. Inland shale, meanwhile, has the potential to add between $10 billion and $74.6 billion to the British economy in gross value, the commissioned report said.

Operators are working to assess the potential in the shale area by testing the Horse Hill-1 oil discovery. Preliminary estimates made by the company last year put the entire Horse Hill reserve total as high as 100 billion barrels of oil. If its full potential is reached, the future production from the area could provide as much as a quarter of the nation's total oil demand over its lifespan, based on 2014 demand levels.

The field, locked in a geological formation called the Kimmeridge Limestone, is about three miles away from the Gatwick Airport, earning it the nickname the Gatwick Gusher.

Stephen Sanderson, the executive chairman of U.K. Oil & Gas, said developing the shale basin could make a significant contribution to the British economy. Oil is already flowing at nearly three times the expected peak rate.

"It is therefore possible that the overall economic impact of Kimmeridge Limestone oil could be significantly higher than this initial report describes," he said in a statement.

[gismo] 05/11/2017 14:21

This Atino fellow must be still at school with all the clip art, so childish and to add to all that he hasn't a clue what he's talking about. How embarrassing.

Afternoon amr, nice post thanks, hope all is well with you, onwards and upwards this week..

[atino] 05/11/2017 13:56

(tut tut tut)...try to understand this is question AMR:

What is stopping you, from achieving those wonderful calculations that you state ?


ANSWER:...”commercialisation”; 🙇 ie sufficient quantities needed or shifted, to bluster you NPV 😱...THAT is what would give LT shareholders their “returns”; back AMR ! 🙄

Until then...your just a “cash-burning” entity I’m afraid 😜 DEPENDENT on shareholders for funds, or on loan sharks in exchange for company shares 🦈 like YA Global - this is for “company survival & business continuity” whilst you DONT have any REVENUE income ! 😳 and that’s FACT 👍🙇😜

[amr2017] 05/11/2017 12:51

Atino,

Revenues about to start rolling in from flow tests at BB, maybe as soon as next week!

One tanker a day at 220 barrels of oil, that's 220 x $62.00 = £13640.00 per day

6 days a week = $81840.00 per week.

Imagine if the flows were huge and they needed 6 per day!

That would be 6 x $81840.00 = $491040.00 revenues for UKOG every week until flow testing is complete at BB.

Then they move to HH, drill a new well, drill a sidetrack to the original well and hey presto they flow test 2 more wells and the revenues flow in again.

Imagine if those wells flowed the same rate theorised, you get 2 x $491040.00 = $982080.00 per week in revenues.

Still you keep on posting about production as if the flow test oil is not going to be sold.

What a numpty!

[atino] 05/11/2017 12:21

..that’s good 🚶🏻

...if we’re SELLING any ! 🙄



Does this “MoneyBrunch”....have any “production221; RNSs to hand to his audience by any chance 🤚 ??? 😂 LOL hahaha tool


Oh boy, does “My Atino” love 💕 reading...production figures as a shareholder 😍📈