Uk Oil & Gas Share Discussion Threads

[currypasty] 01/8/2016 11:05

WHI, and many other brokers, do notes for their private clients, not the public

[beebong1] 01/8/2016 11:01

I'm still waiting for the public version that we can all view. Why else would WH Ireland only post to a web page that cannot be viewed by all.
Just because you have posted the above it does not make it the official full version. We have seen numerous occasions of omissions of previous posts you have made so how can we verify it?

[moneymunch] 01/8/2016 10:48

WH Ireland

22 Jul
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UK Oil & Gas*# (UKOG LN) – Buy – Acquisition of further interest in Horse Hill licence area

Market Cap £32m Price 1.4p Target 8.7p

UK Oil & Gas has this morning announced that it has acquired the entire 3.9% interest of Flowermay Limited in onshore Weald Basin licences PEDL137 and PEDL246. UKOG now holds a 31.2% total interest in the licences, which contain the Horse Hill-1 Portland and Kimmeridge Limestone oil discoveries. As a reminder, the aggregate stable dry oil test rate achieved by the discovery well amounted to 1,688 b/d. Regulatory permissions are being sought for a significant long-term production testing and appraisal programme.

For a total consideration of £1m, the company will receive a 3.9% beneficial interest in the licences via the purchase of Flowermay’s remaining 6% shareholding in Horse Hill Developments Ltd (“HHDL”). The total consideration is comprised of £150,000 cash and £850,000 in the form of UKOG shares, which will be newly issued (calculated on the basis of the 10 day volume weighted average price prior to completion). Completion is conditional on HHDL approval and a further announcement will be made on completion. UKOG now owns a 48% interest in HHDL, which in turn holds a 65% operated working interest in the relevant licences.

The acquisition is materially positive and value accretive for UKOG in our opinion. We do not believe that the excellent production rates achieved by Horse Hill-1 are widely recognised, making it opportune to acquire more interests in the licences at very attractive valuations. We also believe the timing is excellent prior to the anticipated resource appraisal for which regulatory approvals are being sought.

[beebong1] 01/8/2016 10:30

moneymunch
Twice on different occasions from different updates fully documented including web source is hardly repetitively.

Prove it. Where is the note then that we can all read?

edit
PS This is the only place I could find it

www.voxmarkets.co.uk/company/UKOG/

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WH Ireland
08:1022 Jul
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UK Oil & Gas*# (UKOG LN) – Buy – Acquisition of further interest in Horse Hill licence area
Market Cap £32m Price 1.4p Target 8.7p

Login to view this entire broker note

[beebong1] 01/8/2016 09:56

The broker note did not even make it into the public domain. You had to be a member of some website to view it so I'm not sure what the full version was.

Probably worth a read. You never know when you may come across one.

The Different Types of Obsessive-Compulsive Disorder

Traditionally it has been thought that there are four main categories of Obsessive-Compulsive Disorder (OCD), as well as numerous sub-types of the illness within each category. However, typically a person’s OCD will fall into one of the following four areas.

Checking
Contamination / Mental Contamination
Hoarding
Ruminations / Intrusive Thoughts
This list categorises the most common forms of OCD and some of the fears associated with them. It is by no means an exhaustive list and there will always be forms of OCD that do not feature here, and obsessions or compulsions that are not listed either. However this does not mean it is definitely not OCD. Remember - if you are experiencing distressing and unwanted obsessions and compulsions, that impact significantly on your everyday functioning,this could represent a principal component in the clinical diagnosis of Obsessive-Compulsive Disorder.

Obsessive Compulsive Disorder is diagnosed when the Obsessions and Compulsions:

Consume excessive amounts of time (approximately an hour or more).
Cause significant distress and anguish.
Interfere with daily functioning at home, school, or work; or interfere with social activities/ family life/relationships.

www.ocduk.org/types-ocd

[funkmasterp12] 01/8/2016 09:41

Er, that WH Ireland note. Aren't they house broker?

"We do not believe that the excellent production rates achieved by Horse Hill-1 are widely recognised"

Isn't it their job to make it more widely recognised? Oh dear!

[beebong1] 01/8/2016 08:24

01-Aug-16 08:03:41 1.3285 10,391 Buy* 1.25 1.351 38.04O


01-Aug-16 08:01:28 1.3285 1,769 Buy* 1.25 1.35 23.50O


01-Aug-16 08:01:09 1.318 2,085 Buy* 1.25 1.35 27.48O


01-Aug-16 08:00:21 1.318 190 Buy* 1.25 1.35 2.50O

Last of the big spenders? Is this quite a good trick to make it look like the share price is going up? or has someone been buying again?

[datait] 01/8/2016 08:11

This will zip up when you least expect it believe me.

[moneymunch] 01/8/2016 08:06

Lol not according to DL's summary a few weeks back..... a game changer for all if the Brockham limestones free-flow as HH, which could add significasnt value for Ukog and instant market appreciation for the billion barrel potential....all near term and maybe even this year. Gla holders, sooner or later they're going to let this go....a sudden and significant re-rate imho. Don't delay!!! ;-)

DL
It’s time to test the Kimmeridge limestones at Brockham. The plan is to do it as soon as possible. This year.

No need to drill a new well, just a short cheap side-track from one of the existing wells within the Brockham fence. And it can be drilled in a week, not months like Horse Hill.

The good lads at Angus Energy have been busy upgrading the surface facilities at Brockham expecting a big uplift from the rather dull 50-100 barrels a day that Brockham has been sucking out of the Portland for last 14 years.

Success at Brockham will help not only my old mates at UK Oil & Gas Investments Plc, as they have a small stake in Brockham. It will also help prove once and for all the thesis that there’s a serious amount of recoverable oil in the Weald.

So to the mighty BPs and Essos of the world – let’s see what you never discovered!

The proof of the pudding will be in the eating, and we’re about to find out.

[temmujin] 01/8/2016 08:03

AST is the one to be in today

[beebong1] 01/8/2016 07:53

No mention of Kimmeridge OIP upgrade in ALBA 1/2 yearly yet they did mention "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." so I'm guessing they are not expecting one.

[beebong1] 01/8/2016 07:39

www.gov.uk/government/uploads/system/uploads/attachment_data/file/313201/BGS_DECC_JurassicWealdShale_study_2014_APPENDIX_F.pdf

Collendean and Brockham logs look very similar on page 2. Both on other side of fault line from HH. Both have 3 Kimmeridge layers.

IMO HH will start production flow test before Brockham gets under way. If they don't it's real egg on face for failing to deliver on yet another timeline.

[moneymunch] 01/8/2016 07:10

Alba Half Year Report 1/8/16

Post Period End

Horse Hill

On 5 July 2016 the Company announced that the OGA had granted a licence conversion to new model terms for Horse Hill PEDL137 and PEDL246. At the election of the Operator, HHDL, the licences will adopt 2016 14th Round licence terms permitting the Horse Hill licences to continue without further relinquishment. A Retention Area ("RA") covering the entire 55 square mile licence area and an outline work programme has been agreed with the OGA. The RA will continue throughout the agreed work programme period currently due to expire on June 30, 2018 for PEDL137 and June 30, 2017 for PEDL246. The Horse Hill licences forward work plan includes long-term production testing of three Kimmeridge Limestone zones plus the overlying Portland, two contingent appraisal/development wells and 3D seismic.

On 19 July 2016 the Company announced that a new petrophysical analysis by Nutech, incorporating the findings of the successful Horse Hill-1 ("HH-1") flow test, demonstrates a threefold increase in calculated total oil in place (OIP) per square mile at the HH-1 well within the Upper Portland pay zone. As reported in May 2015, a total Horse Hill Portland P50 OIP of 21 Million Barrels ("MMbbl") was calculated utilising Nutech's petrophysical analyses. Nutech's May 2015 evaluation assigned a Portland OIP value of 7.7 MMbbl per square mile at the HH-1 well. Nutech's current evaluation upgrades the Portland OIP at HH-1 to 22.9 MMbbl per square mile, a 200% increase. 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.

In its announcement on 19 July 2016, the Company also gave an indication of the future plans for the development of the Horse Hill onshore oil field which involve new permitting applications and additional commercial flow testing. The applications will seek permission to conduct a programme consisting of the production flow testing of three Kimmeridge Limestone zones plus the overlying Portland over a total flow period of up to 360 days, plus two further appraisal/development wells and the acquisition of 3D seismic data. 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.

Outlook

The positive developments in relation to the Horse Hill project over the past several months - most notably the very successful flow test results completed in the first quarter of 2016 - have provided further justification for Alba's decision to invest in the project and to increase its interest successively from an initial 5 per cent to its current 15 per cent interest in HHDL.

[moneymunch] 01/8/2016 06:48

Brockham will be viewed as an appraisal well for HH and the Kimmeridge, and so exciting times, successful results from the Kimmeridge Limestones at Brockham replicating HH will be a game changer for all, and hopefully near term rather than waiting for results from HH's 90 day production flowtests . Instant market appreciation imho and transformational for Ukog given that they're the main player of the Weald Basin with the highest interest. Gl ;-)

[moneymunch] 01/8/2016 06:46

"Brockham Oil Field

(10% interest operated by Angus Energy):

The Brockham Oil Field (“Brockham”), in the Weald Basin, is held under UK Production Licence PL235. The Operator Angus Energy advised that the average current production rate for 2015 was 24 bopd.
The situation in relation to the planned new side-track infill production well at Brockham will be reviewed and advised by the Operator during 2016. The Operator has commenced applications to abandon two well-bores and started the upgrade process on its field surface facilities for continued long term production from the site. In addition to the abandonment of the well-bores, a side-track will be drilled to enhance production from the Portland sandstones and test the hydrocarbon potential in the Kimmeridge limestone layers that have tested so successfully at the adjacent Horse Hill-1 well."

DL's summary July 2016

Nutech and I have been through all the drill logs and analysis from the Weald Basin. They tell a story.

The logs from Brockham X1 bear a striking resemblance to Horse Hill. Almost the same thicknesses of juicy Kimmeridge limestones can be seen in both wells. A little known fact is there are actually three of them, not two. Horse Hill only tested the two upper limestones that were 100 feet thick. They never tested the Kimmeridge Micrite (Limestone) three because it was only about 30 feet thick. But it looks like there’s oil there too.

Unlike Horse Hill, Brockham has the great advantage of already being a producing UK oil field. So any new oil drilled could be put straight into production and immediately added to the UK’s domestic oil supply.

It’s time to test the Kimmeridge limestones at Brockham. The plan is to do it as soon as possible. This year.

No need to drill a new well, just a short cheap side-track from one of the existing wells within the Brockham fence. And it can be drilled in a week, not months like Horse Hill.

The good lads at Angus Energy have been busy upgrading the surface facilities at Brockham expecting a big uplift from the rather dull 50-100 barrels a day that Brockham has been sucking out of the Portland for last 14 years.

Success at Brockham will help not only my old mates at UK Oil & Gas Investments Plc, as they have a small stake in Brockham. It will also help prove once and for all the thesis that there’s a serious amount of recoverable oil in the Weald.

So to the mighty BPs and Essos of the world – let’s see what you never discovered!

The proof of the pudding will be in the eating, and we’re about to find out.

[moneymunch] 31/7/2016 21:26

Lol the oil from the "Gatwick Gusher" will not be used to fuel any power stations, gas from the Northern Shale gas reserves will be used for the proposed gas powered stations as the coal fired power stations are phased out, and maybe even gas from Ukog's IoW prospect if successful ......it's
the Chinese connection with Hinkley that she's not keen on. Gl ;-)

[temmujin] 31/7/2016 20:14

been told tonight May considering gatwick gusher instead of nuclear option

[beebong1] 31/7/2016 19:14

"Both blocks"
Why not say 7 blocks which is what they actually are!!!

2 licences
7 blocks

That is 7 chances at least for the Weald. They didn't get TQ34d which IGas got in the 14th round. Now that really is in the sweet spot right next to HH.

Do I really care about IG? No; but you "shorters" should; LMFAO.

[moneymunch] 31/7/2016 19:11

pps Blocks and Licenses

The Oil & Gas Authority (OGA) – the UK’s oil and gas regulator – has today announced that 159 onshore blocks under the 14th Onshore Oil and Gas Licensing Round are being formally offered to successful applicants. These blocks will be incorporated into 93 onshore licences.

The Oil & Gas Authority (OGA) – the UK’s oil and gas regulator – has today announced that 159 onshore blocks under the 14th Onshore Oil and Gas Licensing Round are being formally offered to successful applicants. These blocks will be incorporated into 93 onshore licences.

[moneymunch] 31/7/2016 18:52

Cheers mikey, this all stems from Mpet's press release confirming the sale of Pedl234 to Ukog. They also stated that 231 and 243 were part of the deal. No mention by Ukog, and both licenses have been relinquished by Mpet/Celtique and have in theory ended. Both blocks are in and around the Weald sweet spot and therefore will undoubtedly attract much interest imho. If the surrounding license area's hold billions of barrels, then no way will this new UK Govt. allow them to sit idle....sooner or later they will be offered up again. gl ;-)