Uk Oil & Gas Share Discussion Threads

[25wbh] 08/11/2017 08:12

Good morning all

[loglorry1] 08/11/2017 08:10

Removing the down hole completion assembly is a non trivial exercise and caries a lot of risk. If it gets stuck worst case the well could be abandoned. If you look this up you'll see it is not straightforward. For this reason they should let investors know what is going on as it's price sensitive info.

I agree if it was a more routine operation no need to RNS.

[stockraider2] 08/11/2017 08:05

Log, they don't need to. We don't need to know whether Steve's wife has put cheese and pickle sandwiches in his lunchbox today. We just want flow numbers.

[loglorry1] 08/11/2017 08:00

Stockraider I'm not sure the plan was disclosed. I don't remember them saying it would be 3 weeks to pull the down hole completion assembly.

[stockraider2] 08/11/2017 07:54

Crane still there? Going according to plan by the looks of it. Given the time it's taking it looks like great news coming.

[loglorry1] 08/11/2017 07:54

I have no idea but snubbing should only take a few days. A good snubbing unit can pull 1000ft of pipe in an hour. BB is 5800ft. We are into week 3 now. Also there are reports of 2 cranes. One is very heavy duty with a lot of power. Personally I can't see a snubbing unit on site in the drone pictures but others say they can.

The cash situation must be very low by now but if they are having well intervention problems they'll have to disclose that before raising.

[oakville] 08/11/2017 07:45

Are you driving the crane loglorry.. What seems to be the problem?

[loglorry1] 08/11/2017 07:41

Crane still there? Still removing DHA by the looks of it. Given the time it's taking it looks like problems.

[amr2017] 08/11/2017 06:52

Morning all,

Interesting finish yesterday ending up level on the day. We may have seen a new support level which we could bounce off today.

Looking forward to waking up one morning soon and reading a monster RNS for commercial flows at BB, matey today!

It would be nice to be informed first oil has been sent to market also.

[moneymunch] 07/11/2017 23:17

Tick Tock ;-)

[shares188] 07/11/2017 22:32

News Imminent....

[whattheduce] 07/11/2017 22:31

1 share buy, it'll probably be through crest and somebody testing their system response automatic response settings. Could also be 'pinging' crest to see what kind of delay there is is placing and clearing. Basically preparing for sudden and big swings in price!

[shares188] 07/11/2017 22:19

1 LIQUID GOLD BUY 🌞

[gismo] 07/11/2017 22:00

Night all!

[edjge2] 07/11/2017 21:33

angs might score this week. Lets see.

[gismo] 07/11/2017 20:46

I'm sure Santa will bring in the goods well before Christmas

[gismo] 07/11/2017 20:44

"Fun ain't it" doesn't always go down well if a few are a little anxious.

[gismo] 07/11/2017 20:42

Agree 25Mr Monk I do struggle with your comments sometimes as you twist and turn in your very unusual communications with this board. I think if you reverted to straight talking then we might all get somewhere. Just an observation.

[telbap] 07/11/2017 18:49

https://youtu.be/FshU58nI0Ts

[telbap] 07/11/2017 18:49

hTTps://youtu.be/FshU58nI0Ts Logger.......is this you before you foray into shorting stock??Maybe you are a short logger?I think we should be told....:-)

[loglorry1] 07/11/2017 18:01

So the bulls are arguing that the snubbing unit which is now in week 3 is totally normal and it's a long process that takes a while. The BB well is 5800ft.

However if we look at a market leader in snubbing units here we see something interesting

Nordic is developing the next generation snubbing & work over rig purpose designed for the MENA region. The rig will move in 10 loads and rig up in 2 to 3 hours. Pipe handling is done with a new and revolutionary pipe handling system capable of handling 80 to 100 joints per hour thus allowing the rig to trip pipe at up to 3000 ft per hour making this rig the most efficient snubbing & work over rig on the market today.

Now maybe this is a super duper one and UKOG have one that a bit slower but at this rate the job would be done in under a day. UKOG are now in WEEK 3!!!!

The bulls say no problem but there are two cranes in place one a particularly heavy duty one.

Looks very very much like there are problems to me.

[atino] 07/11/2017 17:35

Tomorrow should be a good indicator ☝🏻...of what direction it is “likely” to be headed (...that .80p difference either side, should tell the story !) 🙇


...but “Atino shall be busy tomorrow 💁🏻‍♂️ Oh well 😔 I bid you’s good evening:-)

[atino] 07/11/2017 17:31

...that’s a unusual close today 😑 slight signs of “Anti-gravity” in motion 🤔...got to monitor this closely tomorrow 😶

...right slap bang in middle...in between the top end of resistance (at 5.8-6p)...and bottom end of support (at 4.20/4p) 🙇💭💭💭9300;