Uk Oil & Gas Share Discussion Threads

[beebong1] 05/7/2016 13:47

posts made by freeasabird which says it all really.

The noise I heard at horse hill was very simular to the noise on this youtube video.
Hope this link works. hxxps://youtu.be/coogZwPpm1U


From the noise I was hearing from site today I think they maybe flow testing..There is no sign of a rig but I think I read a while back Shclumberge (sorry about the spelling) supply a bit of kit that negates the use of a rig to flow test..There also apears to be a large grey building I have not seen before .Now the leaves have fallen from the trees in the wood I can just see it.

I've invested my shirt on this striking lots of oil.

[lithological heterogeneities] 05/7/2016 12:01

followed by this post:

freeasabird
05 Jul 16
11:48

"Moneymunch..another cracking post from your good self...

The CCTV cameras have been reinstalled on to the site gates at Horsehill which were remove some months ago after the completion of flow testing.

There is obviously some at activity accruing again at Horsehill 1.
This is getting very exciting for me again.

And from the imfomarion from your last post this could very well GAME ON for the start of the extended well test at horsehill1 ....

YIPPEEEE!!"

[lithological heterogeneities] 05/7/2016 11:55

Interesting post from the LSE BB this morning:


freeasabird
05 Jul 16
09:23

"luckypuss, I saw your post yesterday regarding having a butchers at HorseHill to see if there is any activity going on.

I am parked outside HorseHill site gates as I speak.
The CCTV cameras on the posts on the site gates have been removed for some time.
They have now been put back in place!

Difficult to see anything else through the trees but will update in the future when I get a chance to have a proper look ;-).

But CCTV Cameras on HorseHill site gates are BACK UP ..Wonder why ?....;-) ;-) ;-). "

[moneymunch] 05/7/2016 09:26

More likely a BUY in.....considering Mpet's financial distress and need for cash to retain their Nasdaq listing, with their 35% HH interest up for grabs. Gl ;-)

[datait] 05/7/2016 09:21

Buys will get more and more as the day goes on and if the report drops in then watch this zip up very quickly.

[datait] 05/7/2016 09:17

You would be stupid to sell.

[beebong1] 05/7/2016 09:15

IMO, when you get talk of a buyout either the sentiment has gone and PI's are just out to make money or someone is trying to inflate the share price artificially. More scare tactics.

[m0rrisminor] 05/7/2016 09:11

I think this is getting ready for a buy out .

[funkmasterp12] 05/7/2016 09:01

"much of the market is still in disbelief because the numbers are so big"

That's quite possibly one of the best comments ever on any share forum. Does TW still do his "BB Moron" of the week? ;)

[beebong1] 05/7/2016 09:01

POO has stabilised at about $50 over the last month. Presently dropping again but that's about the third time it has gone under during that period. The rate of rise started to fall off at the beginning of May so I'm expecting the rate of rise to slow but nothing is certain in this world.
You take a chance in any oil share at the moment IMO.

[football] 05/7/2016 08:58

moneymunch post 4691 sums it up brilliantly the words "could have" but until they say we have the share price will be bobbing around these levels they need to say will be commercial and not could be, probably or hopefully

[moneymunch] 05/7/2016 08:51

ps Ukog's market cap is only £33m...they currently have c£7m cash in the bank and potentially could have billions of dollars in bankable reserves, and the forcast for the price of oil is upwards. gl ;-)

[moneymunch] 05/7/2016 08:48

Any time mypension, there are 2.34B shares in issue, and Ukog could have at least one barrel of oil recoverable net for every one......gl ;-)

[mypension] 05/7/2016 08:44

Thanks moneymunch
Ate the 2 billion shares an issue?

[moneymunch] 05/7/2016 08:41

Not much more than a few million shares traded so far, and so a few taking their small profit maybe hoping to buy back in cheaper to repeat the process, and so not many selling at all....the momentum in share price is heading upwards and the reserves upgrade from Nutech/Xodus could add significant value imho......much of the market is still in disbelief because the numbers are so big, and probably bigger by the time the report lands......there are no guarantees of how much oil is recoverable until the 90 day production flowtests are underway early 2017, which will be a defining moment for all invested and market acceptance. The downside from now on in is negligible imho and so the share price should start to pick up significantly as more positive news arrives ( approvals, permits more potential acquisitions etc ) as we get closer to the all important production flowtest, which could result in significant revenue stream for Ukog on the sale of the test oil, as well as confirming the multi-billion barrel assessment of the sweetest crude. Gl exciting times with undouted transformational potential ahead. ;-)

[datait] 05/7/2016 08:40

There is no downside mm want sellers then this will be taken up very quickly on the report.

The report could even come later today.

[beebong1] 05/7/2016 08:38

A number of investment brokers have recently updated their price targets on shares of UK Oil & Gas Investments (LON:UKOG).

According to the latest broker reports outstanding on Tuesday 5th of July, 0 analysts have a rating of “strong buy”, 0 analysts “buy”, 0 analysts “neutral”;, 0 analysts “sell” and 0 analysts “strong sell”.

Only 1 certain development well in the next two years. Appraisal wells do not generate the cash the company needs.

270 days is 3/4 year so still a long time to wait.

The last ewt (1,940 barrels over 43 days of testing) probably only generated about £15k for UKOG (20% share at that time, $40/barrel) and doesn't even cover the costs incurred in the test by a long shot.

[mypension] 05/7/2016 08:25

Genuine question.
With all the excellent news about HH find and flow rates, what is concerning people? Why are they selling today? When the new report comes out surely this should go to 5p?
Is it the massive number of shares that concern people or just lack of belief in what the company is telling them.
I am trying to see the downside to investing in this share

[moneymunch] 05/7/2016 08:23

Proactive Investors

Horse Hill partners granted licence extension

08:05 05 Jul 2016

Horse Hill could be one of the most important onshore UK discoveries ever, having flowed at rates of almost 1,700 barrels per day from just one oil-bearing zone.

Horse Hill partners granted licence extension

A bunch of small-cap oilers involved in the Horse Hill development near Gatwick Airport have been given a boost by the Oil and Gas Authority, which has allowed them to retain the whole 55-square mile area for up to another two years.

Licences PEDL137 and PEDL246 have been converted under the latest protocol, which means the consortium can “continue without further relinquishment”;, said one of the group’s members, Solo Oil PLC (LON:SOLO).

Known as the Gatwick Gusher, Horse Hill could be one of the most important onshore UK oil discoveries ever, having flowed at rates of almost 1,700 barrels per day from just one zone.

The extension of two years for PEDL137 an one year for PEDL246 will allow the Horse Hill partners, including UK Oil & Gas Investments PLC (LON:UKOG), to carry out further work.

This will include long-term production testing of the three Kimmeridge Limestone zones and the overlying Portland Sandstone, two further appraisal or development wells and 3D seismic.

Solo’s Neil Ritson said: "We are pleased that the operator has agreed with the Oil and Gas Authority to adopt the 14th Round licence terms and that the entire licence area will be retained during the ongoing appraisal of the Horse Hill-1 discovery which tested at such exciting flow rates earlier this year."

The operator of the project is a company called Horse Hill Developments.

[datait] 05/7/2016 08:20

fill your boots folks

[football] 05/7/2016 08:12

Any chance of having a whip round and getting this for DATAIT?

[datait] 05/7/2016 08:09

this is ripe for a spike