Uk Oil & Gas Share Discussion Threads

[moneymunch] 21/7/2016 09:56

Lol the "potential" transformational upside "looks" nailed on, with the prospect of so much oil.....if you're driven by jealousy and envy of DL and are aligned to the lowlife scumbag TW cohorts who spend their time posting incessant negativity on a share they're not invested...you might have a different opinions! !!

[funkmasterp12] 21/7/2016 09:52

"ultimate value will be commensurate to how much oil can be extracted against profit per barrel"

Also complete rubbish. So having a paper thin balance sheet and very little cash means nothing does it?

Drivel.

[funkmasterp12] 21/7/2016 09:51

I'm making a point that saying something is "potentially nailed on" is utterly meaningless.

And the oil in place hasn't been validated. They're models/projections/estimates. They're probably accurate, but you can't say for sure.

Stop lying!

[moneymunch] 21/7/2016 09:50

Lol beewrong, don't be so pathetic....you desperate numptie!!!

[beebong1] 21/7/2016 09:47

"rockbotom" is very misleading to other PI's IMO and could be construed as false as well.
If the share price falls further and others have bought in on the content of mm's post they would have cause for redress IMO.
edit share price at 1.39

[moneymunch] 21/7/2016 09:47

Ps funky why are you nailed on to win the lottery or to become king???

[moneymunch] 21/7/2016 09:45

The massive volume of oil in place has been validated, the free flow of the sweetest crude was beyond all expectations, and when you're a small cap explorer, ultimate value will be commensurate to how much oil can be extracted against profit per barrel.....the data so far suggests that will eclipse Wytch Farm's 110,000bopd peak production, and so the facts that are known, the upside from this current low looks nailed on as the Weald Oil Basin is developed.....news on any Major taking an interest will send the share price into orbit.....we've got oil, we've got oil, we've got oil....and lots of it....gla holders....:-)

[funkmasterp12] 21/7/2016 09:32

"the potential transformational upside from this rockbottom share price looks nailed on"

Potentially nailed on? Honestly, what utter rubbish.

I'm potentially nailed on to win the lottery. Or become King.

[beebong1] 21/7/2016 09:28

Still not sure where it says " a detailed analysis of the Oil in Place of the Kimmeridge is still to come". Must be all in the mind!


"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 9,245 MMbbl over the 55 square miles of the Licences."

[moneymunch] 21/7/2016 08:54

Morning TU, the potential significance of the Weald's Oil Basin is clear, and the potential transformational upside from this rockbottom share price looks nailed on. Gl ;-)

("UKOG" or the "Company")

Impact of Kimmeridge Limestone Oil on UK Economy: EY Report ("the Report")



UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) has today released a commissioned Report, authored by EY, a global leader in assurance, tax, transaction and advisory services, which assesses the economic impact and benefits of future Kimmeridge Limestone oil production projects over the Weald Basin. The Report highlights the significant positive contribution to the UK economy, jobs and energy security that could result from this new potential oil production. EY's analysis builds on the recent highly successful oil flow tests from the Kimmeridge Limestones at the Horse Hill-1 ("HH-1") oil discovery, in which the Company has a 27.3% interest.

It should be noted that the Report is solely in relation to the potential extraction of oil from the two main Kimmeridge Limestones over the entire Weald Basin and is not an assessment of the Company's own 11 individual licence interests in the Weald.

Kimmeridge Limestone Oil - Economic Impact Highlights:

· Future peak oil production could provide approximately 4% to 27% of 2014 UK daily oil demand over the life of the project

· The Gross Value Added to the UK economy could range from £7.1 billion to £52.6 billion

· Generation of between approximately 1,000 to 5,600 jobs in the UK, averaged over the project's lifetime

· Lifetime tax revenues of between £2.1 billion to £18.1 billion

The Report:

Over the past decade, North Sea production has declined to the point where the UK is forecast to import over 50% of its daily oil demand by 2020. In this context, and following the HH-1 flow tests, EY have now produced a detailed analysis of how the extraction of oil from the Kimmeridge Limestones in the Weald could help arrest the decline of indigenous oil production and strengthen the UK's long-term energy security.



EY's economic impact forecasts utilised the Company's internal assumptions on production rates for a multiple horizontal well production site, together with Xodus Group's conceptual multi-well site development study and Nutech's calculated oil in the ground and likely oil recovery factors. These external studies were previously reported by the Company. The assumptions on individual production well performance were made prior to the unexpectedly high HH-1 flow test results, as first announced on 16 February 2016.

The EY Report states:

"The development of Kimmeridge Limestone Oil in the Weald Basin, assuming it can be extracted from a development site at the volumes projected by UKOG, has the potential to generate significant economic value to the UK economy, partially off-set the decline in oil production from UK fields, support employment, and generate significant tax benefits to the exchequer.



"These benefits will be maximised via the development of a UK-based supply chain, and through a series of targeted policies and initiatives to appropriately mitigate potential barriers to development.

"Conceptual studies and oil in place estimates previously conducted suggest a significant opportunity for the UK to secure a proportion of its energy from the Weald Basin."

[beebong1] 21/7/2016 08:32

SIMPLY PUT

HH PEDL's 55sq m

407m barrels (edit P50) can be attributed to UKOG from the Portland and Kimmeridge given the latest OIP figures and 15% recovery rate.

[moneymunch] 21/7/2016 08:18

The previous figures were valid but a detailed analysis of the Oil in Place of the Kimmeridge is still to come, including Contingent Resources Net to Ukog, which will be dependent on any further acquisition, and Engineering studies to examine the range of possible flow rates from a planned horizontal sidetrack well are ongoing....gla holders....we've got loads of oil and so the potential for significant returns looks highly likely as SS and his team take Ukog forward in the coming weeks and months. ;-)

[theuniversal] 21/7/2016 08:14

Money munch take a look over LSE bb and clarify some stuff thats been posted from a couple of rns. Easy stuff for yah bud..

[beebong1] 21/7/2016 08:06

PUT SIMPLY
So no upgrade to the Kimmeridge then in the RNS 19/7/16, just SS saying the previous figures were valid.

[beebong1] 21/7/2016 07:57

10TH ROUND - CLOSED 1 APRIL 2001
13TH ROUND - CLOSED 6TH FEBRUARY 2008
14th Round was closed on 28 October 2014

It is a week short of 2 years when the 14th round was launched.

License rounds generally take place every other year until we got to the 14th round. Who knows when the next round will be as the 14th round still has to play out.

[moneymunch] 21/7/2016 07:53

RNS 19/7/16 which specifically detailed the Portland Upgrade and RNS 13/6/16 clearly suggests that we can expect more news from Nutech and Xodus including "Contingent Resources Net to Ukog" , which would be dependent on any further acquisition that might be in the pipeline. gla ;-)

19/7/16
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.

Horse Hill Future Plans

The revised petrophysical model will be used to update Xodus' 2015 estimates of the total OIP contained within the mapped Horse Hill Portland oil accumulation. This will include an estimate of Contingent Resources net to the Company and will be reported in due course.

Engineering studies to examine the range of possible flow rates from a planned horizontal sidetrack well are ongoing. Data to further calibrate these studies will be acquired during the further planned extended flow tests.

Executive Chairman's Statement

"The record breaking flow test results and revised Nutech analysis gives us key new technical insight into the oil bearing Portland reservoir. More importantly than the simple increase in Portland oil in the ground, these learnings have significant positive implications for potential recovery factors and for future commercial viability. The economic potential of the Portland looks increasingly positive.

The validation of Nutech's Kimmeridge evaluation by the flow tests also underscore the Company's expectation that significant volumes of oil lie in the ground within the licence and can be brought to the surface at commercial rates.

13/6/16 PEDL234 Acquisition RNS

The Company has commissioned the following independent external studies, which will be reported shortly:

- Nutech: a detailed analysis of the Oil in Place of the Kimmeridge section and deeper Jurassic within the 300 sq km Licence

- Assessment of the Gas in Place and potential recoverable volumes within the Portland accumulation proven by GB-1

[moneymunch] 20/7/2016 17:55

Lol it was a half inch choke and was mentioned because that restricted the flow you desperate numptie....the bigger the choke the more it would have flowed!!!

PEDL 231 and 243 are both in limbo since they were relinquished by Mpet and Celtique on the 30th June....Mpet stated in their press release that both were going to Ukog.....we don't know their status until we hear otherwise...gla holders the bashers are desperate......and driven by jealousy and envy of DL....gl :-)

[beebong1] 20/7/2016 17:45

SS even said he got them to check the original figures were valid; which they were. So how come you are expecting yet another upgrade?

I'm waiting to see what excuse you will come up with when they finally update the PEDL's and 231 and 243 are no longer there.

Another month or two and this will have done a moneymunch!

[moneymunch] 20/7/2016 17:39

Just as soon as we know what's happening with Mpet's 35%....if a MAJOR comes in, then instant MULTI-BAG for Ukog's share price ...gla exciting times ahead. ;-)))

[moneymunch] 20/7/2016 17:35

Billions of barrels in place VALIDATED and more news from Nutech and Xodus on 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.....and more from Nutech on PEDL234!!!

[beebong1] 20/7/2016 17:28

I do love the smell of H2S emanating from Cobham. It has been building up for some time now and is getting worse. Just waiting for the cause of it to break. I would seek help in patience and prayers in the meantime.

[funkmasterp12] 20/7/2016 17:18

I've never even heard of XTR. Looking just now it looks like some kind of basket case resource stock which needed a huge placing... sounds familiar.

Skip to 12 minutes moneymunch and listen to the full comment. Even LSE get it.

[moneymunch] 20/7/2016 17:18

Moneymunch
LSE Today 12:37

More news from from Nutech and Xodus imho just as soon as we know what's happening with Mpet's 35%......gla holders....Highly Significant returns within the next 6 to 18 months very likely according to SS...;-)

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.

13/6/16 PEDL234 Acquisition RNS

The Company has commissioned the following independent external studies, which will be reported shortly:

- Nutech: a detailed analysis of the Oil in Place of the Kimmeridge section and deeper Jurassic within the 300 sq km Licence

- Assessment of the Gas in Place and potential recoverable volumes within the Portland accumulation proven by GB-1
Recommend 1

[moneymunch] 20/7/2016 17:14

ps how much are you down on XTR???