Uk Oil & Gas Share Discussion Threads

[moneymunch] 07/8/2016 09:32

Great time and great weather. ;-)))

[gismo] 07/8/2016 08:57

Morning moneymunch, hope you're enjoying your holiday

[moneymunch] 07/8/2016 08:49

Lol research indeed and one conclusion :


Everyone now realises the oil is there in massive volume, and so de-risking HH, Holmwood, Pedl234 as well as Brockham etc etc, through Extended flowtests and appraisal wells, will confirm the millions upon millions of barrels recoverable.....what value for every 1% of the Kimmeridge owned by Ukog on their expectations in 2 years time???

We are indeed on an exciting journey and so make the most if this current low, the share price will accelerate upwards imho as Ukog's strategy is underpinned by the flow of expected news and planned events. Gla holders :-)

[beebong1] 07/8/2016 08:42

Even better. Keep up to date using the official version rather than the posts on here.

It is called research!!!

Shale gas and oil policy statement by DECC and DCLG

www.gov.uk/government/publications/shale-gas-and-oil-policy-statement-by-decc-and-dclg

[beebong1] 07/8/2016 08:39

Theresa May's plans to compensate those affected by fracking are denounced as a 'bribe' by environmentalists.
By Jon Craig, Chief Political Correspondent

Cash handouts of up to £10,000 for homes hit by fracking are being pledged in a major policy shift by Theresa May.

Under a scheme launched by George Osborne last year, councils in areas affected were set to receive payments from the Government.

But now cash will be paid direct to households from a fund which could hand out up to 10% of tax revenues from shale exploration.
In each area affected by fracking, mostly in the north of England, between 500 and 2,000 households would receive a cash payment.

That could total up to £10m per area.

:: Emotions Running High At Fracking Protest

The move is being hailed by ministers and fracking supporters as a generous windfall.

But it has been condemned by opponents as a cynical bribe.

Theresa May said: "The Government I lead will always be driven by the interests of the many - ordinary families for whom life is harder than many people in politics realise.
"As I said on my first night as Prime Minister: when we take the big calls, we'll think not of the powerful but of you.

"This announcement is an example of putting those principles into action. It's about making sure people personally benefit from economic decisions that are taken - not just councils - and putting them back in control over their lives."

The move is also about the cost of energy. When she launched her bid for the Tory leadership last month, Mrs May pledged to tackle what she called "rocketing" energy bills hitting households.
"I want to see an energy policy that emphasises the reliability of supply and lower costs for users," she said, barely an hour before her opponent Andrea Leadsom withdrew from the leadership contest and she was elected unopposed.

One of Mrs May's first acts as Prime Minister was to axe the Department for Energy and Climate Change, created by Labour, and move energy into a beefed-up Department for Business, Energy and Industrial Strategy.
Then, last week, the Prime Minister delayed approving the new £18bn Hinkley nuclear power station in Somerset because of concerns over Chinese involvement and about value for money for taxpayers and energy consumers.

Fracking is hugely controversial. It involves drilling deep into the earth and injecting shale rock with a high-pressure mixture of water, sand and chemicals to release the gas inside.
There could be as much as 1,300 trillion cubic feet of shale gas under the north of England, providing more than 500 years of gas supply for the UK.

Supporters claim that post-Brexit, the falling pound makes it more expensive to import gas and boosts the case for a reliable supply of low-cost shale gas. But opponents say it is dangerous, because it requires huge amounts of water, causes pollution and earth tremors.

"Communities across the UK have made it clear that they don't want fracking," said Tony Bosworth of Friends of the Earth.

"A YouGov survey for the Sunday Times last year showed that, even where communities were offered £1m, they still remained opposed to fracking taking place near them.

"Communities won't suddenly be bribed into accepting this unpopular practice, which poses risks to people and the environment."

Greenpeace UK chief scientist Dr Doug Parr said: "The government has tried to sweeten the fracking pill with cash bribes before, and public opposition just kept on growing.

"The simple truth is that people's concerns about climate change and their local environment cannot be bought off with a wad of cash. You can't put a price on the quality of the air you breathe, the water you drink, and the beauty of our countryside.

"If Theresa May wants to show the UK open for business, she should reverse the policies that have harmed our vibrant clean energy sector and back the technologies that can supply cheap, home grown energy for decades to come."

[gismo] 07/8/2016 08:38

How dare you suggest my memory is not good. I never knew about before so how could I forget it. I don't ever remember the Government suggesting they would pay the community?

[beebong1] 07/8/2016 08:19

Gismo
It is a rehash of old news. I'm guessing you found it really enlightening as your memory is not that good and the news about sharing shale income with communities was made in 2015.

[moneymunch] 07/8/2016 08:05

£10k for each household close to fracking operations according to Radio 4.

[moneymunch] 07/8/2016 08:02

Lol on the contrary........everyone now realises the oil is there in massive volume, and so de-risking HH, Holmwood, Pedl234 as well as Brockham etc etc, through Extended flowtests and appraisal wells, will confirm the millions upon millions of barrels recoverable.....what value for every 1% of the Kimmeridge owned by Ukog on their expectations in 2 years time???

We are indeed on an exciting journey and so make the most if this current low, the share price will accelerate upwards imho as Ukog's strategy is underpinned by the flow of expected news and planned events. Gla holders :-)

[beebong1] 07/8/2016 07:42

Just a new spin on old words?

Residents affected by fracking could be paid a proportion of the proceeds of shale gas projects, the government has suggested.
A shale wealth fund was unveiled in 2014 to set aside up to 10% of the tax proceeds from fracking to benefit communities in the UK hosting wells.
The PM is now considering paying the money directly to individual households instead of councils and local trusts.
The plan is one option due to be outlined in a consultation on Monday.
What is fracking and why is it controversial?
Fracking go-ahead: What happens next?
It is expected the new fund could deliver as much as £10m to each community that has wells sited.

Read full story here;

www.bbc.co.uk/news/uk-37000975

PS I got bored reading it.

[beebong1] 06/8/2016 09:25

Why would they need to de-risk the Kimmeridge play if it is so good?
Do they have doubts about HH being commercial?

[gismo] 05/8/2016 21:54

RE: rnsStephen Sanderson, UKOG's Executive Chairman, commented:"This is an important step for the Company, making UKOG the leading player and acreage holder in Kimmeridge oil and a significant player in the UK onshore oil industry. It fits perfectly into our overall 2-year strategy to de-risk and push the Kimmeridge play to the point of commercial development. We are on a very exciting journey."

[beebong1] 05/8/2016 16:43

Being a real cynic could it be they released RNS after market had closed yesterday as nearly every time they have released news the share price has dropped ;o)

[beebong1] 05/8/2016 16:40

The Company expects escrow completion of the Acquisition to be announced tomorrow.

Tick

[rayrac] 05/8/2016 16:31

What's the new rns about, I keep getting switched off?

[gismo] 05/8/2016 13:22

I don't think so too much news in the pipeline to dip to 1p, however I may be wrong and if I am I shall top up the ISA. Have a good day! gl

[funkmasterp12] 05/8/2016 13:09

Not until the company sorts its finances/balance sheet out as an immediate priority, then produces a cast iron extraction plan. But if it can do that...

I still think it'll dip under 1p first.

[gismo] 05/8/2016 12:56

Did I see you use the word MAY Funk, is there a glimmer of optimism here?

[moneymunch] 05/8/2016 10:30

Lol funky ramping Ukog, whatever next, oh yeah, Significant upside. Gla holders I wonder if DL is here on his big F O yacht......ride the wave. :-)

[funkmasterp12] 05/8/2016 10:08

So no news leaked then. I'm actually glad, AIM has enough of this rubbish.

Being objective (see, it is possible!) what yesterday's rise does show is that once momentum picks up, this can move quickly (albeit from flaky traders). If there was genuinely good news - and by that I mean news of significant interest in the company itself, a big fund raise or some other force majeure - this could look interesting as a momentum play.

However, nothing for me has changed fundamentally. The company still does not generate any free cash, it still only has one source of funds (its holders) and there are still serious doubts as to whether the business is indeed viable at all. There's no proof yet that UKOG can make this oil discovery work commercially/financially.

I still think this is a short from here (though still no-one will take it!) until serious funding is confirmed. Once that happens you may see a bounce (though this will be after the inevitable placing discount) - and then it may, MAY be interesting.