Uk Oil & Gas Share Discussion Threads

[amr2017] 09/11/2017 10:39

Gismo,

I disagree judi has always posted pathetically!

[gismo] 09/11/2017 10:26

How do you know it' a re-drill, guessing again, you seem to be good at that. What part of a 14 week test don't you understand judijudi? It's not like HH, it's a production well. Do you really think he would have gone this far if he thought it wasn't worth the effort. Your posts are becoming more and more pathetic.

[ozzmosiz] 09/11/2017 10:23

Higher lows on each wave.

[judijudi] 09/11/2017 10:21

And how would they finance a re-drill?
Ahh I forgot, Schlumberger would pay for it!!

[gismo] 09/11/2017 10:18

So what's this all about Jonny, do you really think Mr Sanderson has overlooked anything like this, what a plonker

[jonnygolightly] 09/11/2017 10:16

Government doc on requirements needed to onshore

[arcadian] 09/11/2017 10:14

Log

For the sake of argument what we have is :-

a definite possibility of a firm maybe.

No more, no less. Be patient to learn at some point whether you are right or wrong.

[loglorry1] 09/11/2017 10:03

I know the bulls can't countenance any suggestion that there are problem at BB but for the sake of argument let's assume there are and the well has to be abandoned.

Where does that leave the share price? If we assume that UKOG concentrate on Horse Hill what is that worth? We have a good idea as we have had a few transactions between other oil companies on that license. Sadly the answer is pretty grim implying UKOG's share of HH worth less than 1p/shares and that's before they raise new money to continue exploration there.

The downside protection here is very bad. The chance of big problems at BB high. This is why the share price is heading back down again.

[gismo] 09/11/2017 10:00

Obviously, lol

[gizmogizmo] 09/11/2017 09:55

Hello...(giSmo) with an SSSSSSSS.

SORRY BUT you are getting very repetitive and your starting to sound a bit like Groundhog Day.

Please don't take offence to my comment BUT you are constantly posting none stop to every poster on this board.
EVEN ME. 🙀.

Try slowing down a bit and take a break from constantly posting.
HONESTLY!!! You will feel better and more refreshed from the break.TRUST ME.

PLEASE DONT take this post the wrong way.

GOODLUCK

[jonnygolightly] 09/11/2017 09:53

Lack of progress this is a small company not shell.

[judijudi] 09/11/2017 09:50

They are obviously encountering problems
imho
Lets hope they are resolved and we end up with loads of free flowing oil

[wshak] 09/11/2017 09:44

I'm extremely puzzled by the lack of progress reports by UKOG.

When insiders and major holders were selling shares, there was an RNS every few days.

Everything seems to have gone very, very quiet since they announced (as quietly as possible, after the market closed) that they were having problems actually delivering on their hopes.

Bulls need not worry, however. This is all part of a secret plan by UKOG management as they plan to release wonderful news as a huge surprise to the market. Do not be concerned by the fact that they have never done this before in the history of the Company.

[gismo] 09/11/2017 09:37

moneymuch, they would and I think this is the way this will go

[gismo] 09/11/2017 09:37

Why do you think we need you to tell us that Mr Monk, do you presume we are all thick? You may have degrees coming out of your ears but common sense is much more important in life..

[hazelst] 09/11/2017 09:37

I love it when the derampers get twitchy.

[nicebut] 09/11/2017 09:36

Is this WTD?

[loglorry1] 09/11/2017 09:36

>The derampers getting even more desperate means good news on the way.

Ha ha I haven't looked in here for a while and when I did there were hundreds of rampy posts by bulls calling de-rampers desperate and a falling share price.

Made me chuckle.

[moneymunch] 09/11/2017 09:35

If commercial recoverable volumes are confirmed.....give me one good reason why Schlumberger wouldn't be interested!!!

[hazelst] 09/11/2017 09:34

The derampers getting even more desperate means good news on the way.

[trapissed monk] 09/11/2017 09:33

All's I'm doing guys is putting a relevant picture that is in front of you NOW. As for spooking etc,don't make me laugh (well most don't,tuff audience!) I'm not after tick ups or praise. Already stated I know noone on here,ulike some?
Leave you to it.things to do.
Going car spotting in Morrisons!
Morrisons?? Thought ray would be a Fortnum & Mason guy! lol!

[nicebut] 09/11/2017 09:33

Do you think your failing teeth are a good metaphor for whats going on here now, hmmmmm?

[loglorry1] 09/11/2017 09:32

Money Munch you dullard. It doesn't matter what the price of oil is unless you can extract decent quantities. Spending £10m drilling a well and getting two jug fulls of oil won't make it viable. They're gonna need flow rates above 1Kbopd at least and a slow decline rate. If the rates decline by 50% as they do in similar basins in a year probably a lot higher. There is nothing to suggest from anyone who knows anything about the geology that this is achievable. That's why over the past 30 years none of the majors have shown any interest.

Clearly UKOG given their current screw ups have no more technical knowledge than the majors who have drilled before.