Uk Oil & Gas Share Discussion Threads

[loglorry1] 08/11/2017 10:17

Some comparisons:-
UKOG mkt cap £170m, net assets £16m, (negligible cash)
FRR mkt cap £90m, NEGATIVE net assets $42m (negligible cash)


BLVN mkt cap £100m, net assets $300m (incl cash $86m), Lukoil farm-in
FPM mkt cap £383m producing net cash £95m, producing 15,000 boepd, booked 2P reserves of 81.3mmboe plus 2C resources of 90.9mmboe

[ccr1958] 08/11/2017 10:03

OT , Don't miss Dee Boat at CERP, big Turnaround , DL not involved any more .. DYOR !!

[nicebut] 08/11/2017 09:59

I`ve edited it...I agree..

It has to be sparkling- Xmas spirit etc....sorry.

[ccr1958] 08/11/2017 09:58

LOL, Prosecco, I wouldn't touch that either ...make it a decent Bottle of Claret I`ll have a go :)) btw . the beer you owe me was for my constant guesses on Blue finishes , nowt changes :))

[nicebut] 08/11/2017 09:53

I don`t think so- I won so many beers off those charlatans - non of them paid up.

I tell you what if you win I`ll make it a bottle of Lidl Cremant....Which is half decent! :)

[ccr1958] 08/11/2017 09:51

I know you`ll pay up one day , I think you owe me a beer .. LOL..

[loglorry1] 08/11/2017 09:50

The 16th October RNS reads to me that the first thing they have to do is "the current completion assembly will be removed". They then go on to focus on a more "finely focussed and optimal test plan", giving three bullet point operations.

Clearly then the completion assembly needs to be removed and that's what's been going on for nearly 3 weeks now with the two cranes on site and reports of a snubbing unit to remove the pipes. However this seems like a very very long time. Snubbing units can pull pipes at up to 1000ft/hour. The well is 5800ft deep.

There really should be an RNS with an operational update. The only reason I can think of is that there are problems and they are trying to keep it under wraps until they can fix it. Same happened with the side track remember?



Upon delivery of further testing equipment, scheduled for the end of this week, the current completion assembly will be removed and, as previously announced, a more finely focussed and optimal test plan implemented. The planned programme is as follows:



· Firstly, proceed ahead to isolate, acid-wash and sequentially flow test multiple 30-100 ft existing perforated zones in the naturally-fractured KL1-KL4, and then;

· Perforate further naturally-fractured limestone reservoir zones in the KL1, KL2 and KL3, isolate, acid-wash and sequentially flow test multiple 30-100 ft zones, and finally;

· Conduct a short cement squeeze in a section of the KL4/KL5, run a new cement bond log, re-perforate the newly cemented section, isolate, acid wash, and sequentially flow test multiple 30-50 ft zones.

· Flow will be initiated throughout the programme via the use of nitrogen-lift (without coil tubing), swabbing and/or pumping via the existing high-capacity linear rod pump

[nicebut] 08/11/2017 09:49

LOL- I`ve already won a bottle of Dom but the liars won`t pay up- surprisingly!! :)

[ccr1958] 08/11/2017 09:46

We`ll P&A U fb :))

[nicebut] 08/11/2017 09:41

A fluffy RNS about how fantastic everything is but had to P+A will be next IMO

[hazelst] 08/11/2017 09:40

Buy the dips.

[datait] 08/11/2017 09:37

Sell at your own risk as this will take off very soon billions of recoverable oil its a no brainer folks. You have to be in it to win it market makers are moving the gab in hope of sellers but if you sell dont expect to get back in cheaper thats a huge risk if you think you will get in cheaper, news anytime now and market makers want as much stock as possible and are hoping to take out stop losses already.

Im here for the life changing news.

[ccr1958] 08/11/2017 09:34

Under 5p I buy , fb must be short ...

[datait] 08/11/2017 09:33

It is important to realise the buys are now in force and market makers need stock as they are about to move this baby upwards and beyond.

watch this space.

[nicebut] 08/11/2017 09:31

While its quiet-Last day to get in, due to popular demand I`m keeping it open another 24 hours! :)

UKOG Xmas Eve share price sweepstake- Bottle of Asti to the winner:


nicebut- .0095p

[datait] 08/11/2017 09:31

market makers want stock not easy to buy have to place order but can sell no problem.

Watch for a move up soon folks.

[whattheduce] 08/11/2017 09:31

of note hazel, KL5 was one of the two zones require the cement squeeze. I wonder if the hadn't perforated that zone whether there would be any issues and whether the final report might say the 'new' zone will be untapped for technical reasons. However, if there is a connection between the planned zones and the new zones, the new zone oil should be recoverable from the planned zones. Other wells at BB and other locations might be able to extract straight from KL5. It is the final flow number that is important rather than the engineering at the end of the day.

[trapissed monk] 08/11/2017 09:19

WTD.morning. you've just shot your own foot!
Do you believe the spooks and actually act on their claims? (Hey! Do ANY of you believe in spooks? No,not MrsG's make up,1 tooth and broom!)
Then you say "just pay attention to the rns'!! We is adults here...except BigD. He get's day release for good behaviour!
Funny you are.

[hazelst] 08/11/2017 09:15

The perforated section spans eight naturally fractured Kimmeridge Limestone and interbedded shale reservoir units, with a total aggregate perforated section of 1,064 ft. Further to previous announcements, the perforated section was increased to include a further naturally fractured reservoir zone, designated KL5, where mobile, light oil was recovered to surface from core.

[datait] 08/11/2017 09:14

market makers want stock not easy to buy have to place order but can sell no problem.

Watch for a move up soon folks.

[datait] 08/11/2017 09:13

market makers want stock not easy to buy have to place order but can sell no problem.

Watch for a move up soon folks.

[datait] 08/11/2017 09:13

market makers want stock not easy to buy have to place order but can sell no problem.

Watch for a move up soon folks.