Uk Oil & Gas Share Discussion Threads

[datait] 19/7/2016 08:38

Trust me folks this will flow far higher today than you though possible.

[moneymunch] 19/7/2016 08:35

Lol funky, the only poodles here are the mangy one's aligned to TW...woof woof!!! ;-)

[moneymunch] 19/7/2016 08:33

ps we haven't got the full report yet from Nutech and Xodus......that will arrive when we know what's happening with Mpet's 35% interest....more for Ukog or a Major....gla ;-)

Way Forward 21/3/16

Given these exceptional results, the Company has commissioned Nutech to investigate a possible upgrade to the oil in place ("OIP") calculated within all 3 test zones together with engineering studies to examine possible flow rates from a horizontal well. Reservoir engineering analyses by Nutech and Xodus are also underway, and will likely result in an estimation of potential recoverable volumes.

[beebong1] 19/7/2016 08:33

Which best describes the last RNS?

5p
10p
transformational
major re-rate
the perfect storm

[funkmasterp12] 19/7/2016 08:32

I think a few here are suffering from "boy who cried wolf" syndrome.Except in this case the wolf turned out to be a poodle.

[datait] 19/7/2016 08:31

yes still update for the kimmerage to come

[beebong1] 19/7/2016 08:29

moneymunch

21 October 2015 is hardly new news!!!
Are you still expecting an update to the Kimmeridge?

[moneymunch] 19/7/2016 08:26

A gross best estimate ("P50") OIP of 15.7 billion barrels ("BBO") is calculated to lie within three Jurassic shale and interbedded limestone tight oil plays underlying the 8 licence areas in the Weald Basin in which UKOG has an interest.

The three Jurassic tight oil plays underlying the wider Weald Basin's 1,261 sq mile area (the Area of Interest "AOI") are calculated to contain a gross best estimate P50 OIP of 124 BBO

[datait] 19/7/2016 08:25

This is going to blow

[beebong1] 19/7/2016 08:23

moneymunch

"moneymunch - 19 Jul 2016 - 07:17:50 - 4880 of 4895
Lol funky, that's because the upgrade only relates to the Portland you numptie. The the upgrade on the Kimmeridge Interval is going to be breathtaking given the stunning free flow that was witnessed. Gla holders."

So what happened to the update to the Kimmeridge?
Did you read the RNS? There was no upgrade to the Kimmeridge because there was no upgrade.

"As previously reported in April and June 2015, the overall Kimmeridge and Jurassic shale and limestone sequence is calculated to contain an OIP of 158 MMbbl per square mile at the HH-1 well and P50 9,245 MMbbl over the 55 square miles of the Licences."

Which is no change at all so stop going off subject. We already know what they said before. Not sure what PEDL 243 has to do with HH or the present RNS as they are talking about HH.

[datait] 19/7/2016 08:21

This will zip up once the sellers have gone watch and weep brilliant news.

[dice1950] 19/7/2016 08:13

New analysis results in threefold increase in oil for UKOG’s Gatwick gusher
19th July 2016

[moneymunch] 19/7/2016 08:12

Lol it's so good that all the lowlife basher cohorts have chipped in for tommytwit's subscription fees........the Portland's big, but the Kimmeridge volumes are breathtaking;

The following doesn't include Ukog's increased 27.3% interest at HH or the the acquisition of PEDL243........more to come on Mpet's 35%, more for Ukog or news of a MAJOR!!! Gla holders ;-)

Key Points:



A gross best estimate ("P50") OIP of 15.7 billion barrels ("BBO") is calculated to lie within three Jurassic shale and interbedded limestone tight oil plays underlying the 8 licence areas in the Weald Basin in which UKOG has an interest ("Licence Areas", covering 151 sq miles ).

Within this gross best estimate, an aggregate net attributable 3.9 BBO P50 OIP is calculated for UKOG's economic interests in the Licence Areas.

· The three Jurassic tight oil plays underlying the wider Weald Basin's 1,261 sq mile area (the Area of Interest "AOI") are calculated to contain a gross best estimate P50 OIP of 124 BBO. Please note that other than UKOG's eight Licence Areas, in which it is calculated UKOG has a net attributable 3.9 BBO P50 OIP, the Company has no further economic interest in the AOI.

[blueteam] 19/7/2016 08:06

may well head to that 2p level in the coming weeks as more news released. It's a buy and hold for the news.

[tommy25] 19/7/2016 08:03

this will be down lower in 30 mins. we all seen this b4.short to 0p

[beebong1] 19/7/2016 08:02

So no update to the Kimmeridge.

On the positive side they updated the OPI from 7.7 MMbbl per square mile to 22.9 MMbbl per square mile at HH-1 in the Portland.

On the negative;
"From a similar review of the petrophysical response within the Kimmeridge Limestones, the Report concludes that the well test results reinforce Nutech's and the Company's expectations regarding the significant volumes of OIP seen at the HH-1 well. As previously reported in April and June 2015, the overall Kimmeridge and Jurassic shale and limestone sequence is calculated to contain an OIP of 158 MMbbl per square mile at the HH-1 well and P50 9,245 MMbbl over the 55 square miles of the Licences."

So no update to the Kimmeridge.


What they haven't done either is update the P10, P50 or P90 figures at the Portland.

No applications

As previously stated by the Company, the calculated OIP per square mile should not be construed as recoverable resources, contingent or prospective resources or reserves.

[tommy25] 19/7/2016 07:59

yes pembury i do look very young for my age.

[dice1950] 19/7/2016 07:59

Gatwick Gusher: Horse Hill’s Portland oil zone upgraded by expert
19th July 2016

Nutech upped oil in place figures for the Portland zone by some 200%, meanwhile work has begun for a planning application for the next phase of work at Horse Hill.

[hazl] 19/7/2016 07:58

hmm.....that seems a good rns to me

[pembury] 19/7/2016 07:56

do me a favour v early days

[robbie1424] 19/7/2016 07:55

I'm long but he does have a point.
Why are they not being taken out?
Why has a major not bought out mpets 35%?
Very dubious at present until I get firm numbers from long term flow tests.

[pembury] 19/7/2016 07:47

are you premature in everything tommy?

[tommy25] 19/7/2016 07:42

anyone can come out with estimates. if there was any oil in this company, BP or another big player would have snapped this up. they all know its a big con, short to 0p.

[moneymunch] 19/7/2016 07:29

Lol funky, the "significant volumes of OIP" at HH according to Nutech is 10 Billion Barrels plus......plenty more to come from Ukog , just as soon as we know who is going to get Mpet's 35%....Gla holders ;-)

[funkmasterp12] 19/7/2016 07:21

You need to read again:From a similar review of the petrophysical response within the Kimmeridge Limestones, the Report concludes that the well test results reinforce Nutech's and the Company's expectations regarding the significant volumes of OIP seen at the HH-1 well.This is basically saying nothing, but proving as I've said all along that the company is going to now need a shedload of money that it does not have. Expect dilution to follow, probably more quickly now.