Uk Oil & Gas Share Discussion Threads

[nicebut] 09/11/2017 09:18

Dear Mr Sanderson,

We, I say we as in the royal we- we old gets on the ADVFN forum, are a little worried things are not going to plan. Some of us are starting to feel real pain in our teeth- Is it an omen- I do hope not...Please please please put our minds at rest.

Lots of love

Precious Mikey.

[hazelst] 09/11/2017 09:17

Patience will be rewarded.

[gismo] 09/11/2017 09:16

Mr Monk I am very calm and care not about daily fluctuations.

[trapissed monk] 09/11/2017 09:13

Just said that. Keep up!
Return to base or dead cat bounce..???!!

[moneymunch] 09/11/2017 09:10

Good news from Angus will good for Ukog et al...news expected now!!! Gla


6/11/17

As per the Company's guidance, geochemical analysis of the Kimmeridge and Oxford layers at the Lidsey Oil Field were undertaken to determine their commercial viability. The Company is pleased to advise that the initial results conducted on the drill cutting samples from the 66.2 metres of Kimmeridge and 105.0m of Oxford layers indicate a strong similarity to the maturity of the Kimmeridge layers at Brockham Field.

In terms of temperatures at the time of maximum burial, which is an important factor in the generation of oil, the historical temperatures were encouragingly higher than anticipated given the location of the Lidsey Field in the Weald Basin. Indeed, analysis of Tmax (maximum historical temperature seen by the rock) gave a range which overlapped with those seen in Brockham and an average temperature within 3 degrees (0.7 %) of those seen in Brockham. In addition, the TOC (total organic content) was virtually the same within experimental error.

The geochemical evaluations were performed by the same third party organization that provided the same analysis on the drill cuttings at Horse Hill and Brockham.

Further to the Company RNS of 13 October 2017, the BDF-28 drilling rig has now been fully demobilised. The Lidsey-X2 well has been prepared for production after completing the installation of the flowlines from the well head to the storage tanks, pump and other necessary equipment. The Company's guidance for actual production has been adjusted by seven days. After the trial operation of the pump mechanism carried out last Friday, the pump experienced a minor technical difficulty requiring repair and is currently being repaired prior to the well going in to full service.

Angus Energy still expects to put Lidsey-X2 into full production this week. The Company will perform testing to optimize production rates and provide an update in due course.

Paul Vonk, Manging Director, Commented:

"The initial geochemical test results from the Kimmeridge and Oxford are a pleasant surprise. Their similarity to our Brockham Oil Field BR-X4Z well in the north of the Weald Basin shows that Lidsey has the potential to increase the footprint of the oil bearing Kimmeridge layers in the Weald.

We look forward to putting the Lidsey X2 into production this week."

[trapissed monk] 09/11/2017 09:10

Giz,calm down.just putting out a perspective on my side of a few real scenarios that COULD play out over next 10 days. Gusher or musher? Your choice. I'd be keeping powder dry if looking in.
Fun it certainly is getting. Such drama...eat my shorts Gordon Gekko!

[nicebut] 09/11/2017 09:10

LOL...That should help `precious` mikey!!! What a buffoon...

mikeygit9 Nov '17 - 09:06 - 47055 of 47056 0 0
Just written again to SS to state we are getting a little nervous at the wait

[rayrac] 09/11/2017 09:09

Oh! Its a beaut Gismo thanks, a real pleasure to drive. Ive even had people stand and admire it in Morrison’s car park and ask me what it’s like to drive! Mind you, it is soul red! :))

We need news here to stop the blues?

[judijudi] 09/11/2017 09:09

Worry non
Schlumberger will come in for us now the French have deserted us
MM aint that right?

[lukead] 09/11/2017 09:07

Rayrac is yet another TW basher and made a big loss on bioprogress and is obsessed with anything remotely pharma and TW connected, have nothing to do with this poster, BEWARE !

[mikeygit] 09/11/2017 09:06

Just written again to SS to state we are getting a little nervous at the wait and would be grateful of any positive news!! Not that we will get a response---but worth a try!!

[judijudi] 09/11/2017 09:05

Not even a drip drip drip now
In free fall
:(

[trapissed monk] 09/11/2017 09:04

2 sides..significant downside if oil is not flowing or commercial that the market expects,nay,demands!
Has Angus repaired their bicycle pump yet? Into proddy next week?

[loglorry1] 09/11/2017 09:04

The situation at ANGS looks pretty bad to me. I think they know what's going on but they are waiting for the lock in to expire before releasing news so insiders can sell. There is a Tsunami of shares there waiting to hit the market.

[gizmogizmo] 09/11/2017 09:03

As per usual...the DERAMPERS starting to appear.
Attempting to spread DOOM and GLOOM ??
They will try every trick in the book to take them shares from you.
Usually a sign of imminent news.
WHY ANYONE WOULD SELL NOW IS CRAZY??
WITH COMPANY AND INVESTOR NEWS SO NEAR ???

[nicebut] 09/11/2017 09:02

Or just more tooth ache....bad root canal work going on here too, I suspect. LOL

[moneymunch] 09/11/2017 09:00

Significant upside on positive data, transformational upside on confirmation of commercial flow....imminent news from the Kimmeridge at Lidsey will be well received if positive...Gla holders Tick Tock:-)

[trapissed monk] 09/11/2017 08:51

But with drying volume and silence the share price is up for grabs soon? Just saying.
That life cycle graph of early start miners/oilers is very good with hefty claim start ups, to interest (punters)to euphoria checked by reality then missed targets followed by depression(chart wise!) It could cover a lot of advfn darlings.

[nicebut] 09/11/2017 08:48

This share is powered by nothing more than over exuberance and hype...It`ll crash like a wave when folk realise that 5 months later the king has no clothing. IMO

[7767] 09/11/2017 08:48

We need a positive update on the remedial work to the well head, they can't start the flow test until this is in place???

[casabella2] 09/11/2017 08:47

Morning.Not a lot happening at present.Weather turned a bit cooler on the costa calida.Chilly north wind blowing keeping temperatures down to the high teens.

[whattheduce] 09/11/2017 08:44

If we do get a flow figure from the Kimmeridge layer today, albeit from another well, then there will be confirmation that there is commercial production capability. That should, should!, have a knock on effect for UKOG share price and anybody else with a perforation in the Kimmeridge layer. If the BB location is presenting tricky engineering problems then I may have to wait longer for a full report but that is part and parcel of investing. I would rather they went for optimal from the outset rather than a partial flow just to have some sort of flow. Bear in mind that this investment is in the very early days of a 'development' life-cycle. This isn't like riding the highs and lows of the likes of ASOS after they built the warehouse and established a marketing strategy.

[tburns] 09/11/2017 08:42

Doesn't look like an update until Dec so anyone trading without the reddies to back up most likely will get skinned in the next 2 weeks. Can see 4.70p today and hopefully hold above 4.5p for the weekend

[trapissed monk] 09/11/2017 08:37

The chart does say "start worrying" @ 4.75p area. If 5.3p isn't regained then it's going to get tense here with a lot of holdings around that spike of 2.8/3.0p area. That's a lot of paper damage folks.
I'm still toying with this 4.5p cash grab. NAI,just beautiful crafted intelligent theory. After all,I do have more degree's than a thermometer you know.