Uk Oil & Gas Share Discussion Threads

[wetdreams] 23/2/2016 03:14

Ps I don't hold anything long or short here..

[wetdreams] 23/2/2016 03:13

The cost of hh to get it into production will cost 10s of million..question is the flow rates and Ukog 20% of hh lets say 100 bopd ..does that justify Ukog market cap..not in my book it's far too high at this point in the game..the other thing is if anyone of the other zones turns up dry .the aim mm will hammer the share price down..not saying Ukog is not worth a punt but not at this share price far too high..only good thing I can see is oil price improving and some oil flowing at horse hill but question is..is that enough...the other worry is the partners in hh running out of cash and due to low oil prices finding funding is becoming a problem..lets hope none go belly up ..

[vinceelliott] 23/2/2016 01:09

One can offer a balanced or negative view without being a shorter.
HH is the potential big money earner, but lot of up front funding is still required.
UKOG, SOLO et all, all own part of HH Ltd. HH LTD needs funding, but under what conditions, terms, and timescale, does it make returns to its owners?
MPET will sell out in the near future. None of the existing partners could afford to buy the MPET holding.
What will happen to the DOR holding in the next few months?

[wetdreams] 22/2/2016 22:49

Sorry to say but you can't have a discussion where anyone who disagrees with the ramping crew gets moderated ...I am all for free speech ...both sides should be taken not one sided...very very sad ...

[welshwiz] 22/2/2016 19:54

Good to see a sensible thread.
Too many idiots now posting on Advfn and destroying decent discussion

[theuniversal] 22/2/2016 18:50

Bottom line is commercial flow rates and production costs. MM'S care for nothing else its all fun and games to them. ..anything inbetween is blah blah blah. LolTU

[ibug] 22/2/2016 18:43

TU---MPET could take off on a sale of HH-1 or infact if they adopt a proactive strategy along with the price of oil rising to make their main U.S. investment in a CO2 pressurized well profitable.

The chips are on the table and we just need to find out what strategy MPET go for.... I would like to see a more cash rich enterprise co-ordinate UK activities.


And that might happen....either way this stock looks far less risk averse...and I am very pleased with the news from both IG and Tip TV.


Bring on the Earnst Young report and a revised Nutech report then we will really know what direction the business will develop through.....it's looking good Houston...lol

[theuniversal] 22/2/2016 18:19

Well done forwood for this new moderated forum... ibug as for mpet well I've been doing some figures and I would say people are wasted buying the uk share :-)... just dont ask me how many shares ive been accumulating in mpet pre. 20 cent drop to $1.49 dollars ;-)I've posted a quick over view on mpet last week or so... basically wti needs to steadily rise over $50 and they need to be over a dollar for 10 consecutive says to stay in the nasdaq obligations they are 6 days clear so far touch wood...TU

[woggles] 22/2/2016 17:38

Reference the LSE board info from the other thread:-

Oil pipeline (branch) runs from Alton to Gatwick to Purfleet (refinery)

[aslamqadri] 22/2/2016 16:59

ukog,,,its THE big daddy,this share will make lots money for the ones who have been brave ,fingers crossed

[aslamqadri] 22/2/2016 16:59

ukog,,,its THE big daddy,this share will make lots money for the ones who have been brave ,fingers crossed

[moneymunch] 22/2/2016 16:36

Well done Forward, a great time for a new Ukog thread......and on the brink of confirmation of a Major World Class Discovery at HH and across the Weald Basin. Gl.:-)

[ibug] 22/2/2016 16:16

The assets of UKOG are going to be evaluated by Ernest Young after the FT results. That will give a good indication of what the overall enterprise value is for HHDL.

[ibug] 22/2/2016 16:12

Many would prefer the notion of a larger and more resourceful oil company to take a major interest from MPET.

[simon8] 22/2/2016 16:09

if UKOG went for the extra 35% then you'd assume funding would be via a serious placing diluting current holders...they would also then be subject to the lions share of dev / op costs too...funding?

[ibug] 22/2/2016 16:02

It might be attractive to the new investors who expressed an interest in the company last week---especially if an oil major is involved.


The lower Kimberidge discovery which is now known to flow for the first time might provide the know how to extend some of the other 85 wells in the Weald area and of course the other eight UKOG prospects.

If most of those sites yield the same flow parameters then the Weald will indeed experience an Oil Bonanza....that might be the point of interest to a major player.

[forwood] 22/2/2016 15:59

Wonder what MPET's 35% interest is worth, and if UKOG will try to get it?

[ibug] 22/2/2016 15:59

With US rig counts falling from 1200 to less than 450 oil output has in fact fallen whilst Chinese imports reached a record level for the year last December out performing the USA by some 12 million tons. And that trend is set to continue because of the so called teapot refiners in China who produce oil based products to the export market.

[simon8] 22/2/2016 15:56

If that's the case I think they would be better off holding out as long as possible...impact of other HH JV partners probably not too much; the value is long term not in these short term windows.
the current flow test is great, they still need to come back and do a 1 - 3 month extended well test, drill further wells, submit a full field development plan, gain all approvals, planning etc. for pipelines all in surrey stockbroker belt.
This is a long term play and could be massive, though at the moment it is still really an unknown in many respects and the value of the oil in the ground pre commercialisation and full infrastructure build isn't massive.
In my opinion for what it's worth I don't think if proof of concept is proved that any of the HH partners will be bringing this to commercialisation - it will be taken out by a BP way before hand who will go on to make the serious money.

[ibug] 22/2/2016 15:43

MPET are a distressed business and they plan to either sell HH-1 or a farm in decision will be made a few months after the flow test results are known as cited in their end of year results published a few weeks ago.

[football] 22/2/2016 15:43

CEO Interview: Game changer for UKOG, the Weald Basin, and the UK oil and gas industry

Published on 22 Feb 2016

[simon8] 22/2/2016 15:40

with current oil prices where they are it is a buyers market, I am not sure why they would wish to sell out in this market unless they were seriously financially constrained.

[football] 22/2/2016 15:33

Really impressive' turnout for anti-fracking protest procession up Horse Hill
15:00, 22 FEB 2016







But aren't we just putting a pipe in the ground and its flowing out the ground?