Uk Oil & Gas Share Discussion Threads

[mikeygit] 09/8/2016 16:10

33 here today in Salobrena!! Where?? South of Granada.

[beebong1] 09/8/2016 13:53

Do you really think I am going to give good free advice before the event. LMFAO.

I see Angus are strapped for cash IMO and have diluted UKOG interest in Brockham (now 55%) by selling off another 5%.

"The cash call issued relates to the costs required to effect certain required upgrades to the surface facilities at the Brockham site." would not fill me with confidence either.

Despite this "Drilling of side-track well expected by end of this year with the purpose of re-commencing production at Brockham" I still expect HH to start PFT first.

[beebong1] 09/8/2016 13:31

Ancient history now. Multi bagged in just under a month and sold yesterday. I did say "trading".
Whilst LTH are stagnating and loosing on paper I am making real money. A profit is not a profit until it is in the bank.
I wouldn't touch any of the HH shares with a barge pole at the moment. Much too flaky for my palette and not enough profit with the spreads they have been getting.
I could not name one where I could have cleared 10% profit in the last month.
Just my opinion though. You buy all you want.

[markycrispy] 09/8/2016 13:05

lots of desperate holders here - I'm holding but relaxing !

[moneymunch] 09/8/2016 13:01

Mike Nott, Alba CEO, commented:

"The opportunity to invest and maintain an interest in the Brockham onshore oil field project represents a significant bolt-on addition to Alba's interests in the Weald Onshore Oil Province."

"The oil field at Brockham is well documented and the information is in the public domain. The field was discovered by British Petroleum (BP) in 1987. Production was suspended in January of this year pending site upgrades and relevant approvals for the drilling of a production side-track well."

"Investing in a side-track well at this known discovery offers Alba the immediate opportunity to be a partner in what the Operator expects to be increased production flows from the Brockham oil field. Technically side track wells usually offer the opportunity to give multiples of historic production."

"The next six to nine months will be an exciting period in Alba's development as we pursue this and our other mineral and oil project opportunities. We hope and expect to off

[moneymunch] 09/8/2016 12:49

alba
Alba Mineral Resources Plc

("Alba" or the "Company")

Brockham Cash Call Paid, Drilling Scheduled to Commence by Year End

Highlights

·� � � � Alba has exercised option to acquire 5 per cent interest in Brockham oil field and has paid cash call for site upgrades prior to drilling

·� � � � Drilling of side-track well expected by end of this year with the purpose of re-commencing production at Brockham

·� � � � Alba's interest in Brockham complements and strengthens its existing oil and gas portfolio, comprising a 15 per cent interest in Horse Hill Developments Limited

·� � � � Alba is the only AIM-quoted participant in the Brockham oil field

Alba is pleased to announce that, having exercised its option to earn a five per cent interest in UK Petroleum Production Licence 235 (PL235), it has paid its share of the cost of the first cash call issued by the Operator, Angus Energy Weald Basin No.3 Limited, in respect of the proposed drilling of a side track well at Brockham.� The cash call issued relates to the costs required to effect certain required upgrades to the surface facilities at the Brockham site.� � Subject to the receipt of regulatory approvals, the Operator has informed the Company that it expects to commence drilling by the end of this year.

Alba originally secured this option to earn a five per cent interest in Brockham as part of its acquisition from Angus Energy in October 2015 of a 5 per cent interest in Horse Hill Developments Limited, the 65 per cent owner of the Horse Hill oil and gas project (PEDLs 137 and 246).� Alba's earn in to Brockham was originally agreed to be on a "two for one" promote basis, whereby Alba would pay a ten per cent contribution to the cost of the drilling of the side-track well (from spudding to first oil) in order to earn its 5 per cent interest.� � Alba has now agreed with Angus that Alba's contribution to the cost of the side track well from spudding to first oil shall be capped, for all dry hole costs, at a maximum of £187,125, plus a maximum of a further 10 per cent of the AFE (Agreement For Expenditure) to be issued for production/well testing, and Alba shall only be required to fund Brockham joint account costs incurred and cash called thereafter in accordance with its five per cent interest only, and no higher

The Company considers this entry cost to a fully developed and recently producing oilfield to be modest, not least since Alba is able to commence its participation in Brockham on the cusp of an exciting development, namely the drilling of a side-track well via which the Operator expects to be able to recommence production at Brockham.

[moneymunch] 09/8/2016 12:09

Lol the companies you should be INVESTING in are those associated with UK oil and gas.....their future growth and development look nailed on now that Theresa and her new Govt. are making UK energy security top priority with the emphasis on home grown energy. Igas and Egdon got the march following the greenlight for Cuadrilla's fracking plans, and now again on the latest directive on fracking. The oil contained in the Kimmeridge interval will be just as important given the likelihood of its national significance and Ukog is the leading player. HH's development is far much further ahead than any fracking project and full market appreciation and transformational upside will arrive as permit approvals are announced and Eft'S get underway. There's plenty of other positive news likely to drop as Ukog gear's up for the Weald's development and near term positive newsflow on the Brockham limestones should add significant value. Fracking is in focus but it won't be long before Ukog and the potential of billions of barrels will be in the spotlight. The future looks very bright and plenty of upside ahead from this bargain low. Gla holders. ..exciting times. ;-)

[beebong1] 09/8/2016 11:05

IGas Energy Plc (LON:IGAS) Chief Operating Officer John Blaymires tells Proactive Investors he welcomes the launch of the consultation on the Shale Gas Wealth Fund.

"It is encouraging that the Prime Minister is looking at broader energy policy and specifically here to see how she can try to ensure that some of these benefits find their way to the local communities in which these activities take place" he says.

IGas operates its own community benefits scheme and the onshore oil and gas industry launched a Community Engagement charter in 2013, committing 1% of the revenues of a production site and £100,000 for each exploration well.

"What we will be looking to see is how this consultation marries up both the industry initiatives together with whatever the government concludes and look at the alignment there. It all has to be a positive thing" Blaymires says.

He adds, "this won't affect our plans. We are continuing to pursue our planning applications and the key for us is to move forward to demonstrate the viability of shale gas development here in the UK".

Think I dropped something like this about 3 weeks ago "Which companies do you think you should have been trading in!

[datait] 09/8/2016 08:45

mm's moving up

[datait] 09/8/2016 08:44

springs being loaded

[datait] 09/8/2016 08:44

Get ready for the zip upwards

[datait] 09/8/2016 08:44

level2 looking very good folks

[datait] 09/8/2016 08:37

With news soon to be released expect this to move up in the coming days and weeks.

[moneymunch] 08/8/2016 21:26

Lol "green eyed monsters"..I thought that was the name of TW's backing band. Gl :-)

[beebong1] 08/8/2016 19:09

It is although I would not use that name in Thailand or a certain type of club.

[beebong1] 08/8/2016 18:53

Green eyed monster springs to mind.

"and no doubt the Southern Shale OIL reserves is now top priority for Theresa and her new Govt."

I must have missed the bit about oil in the consultation document. Wrong yet again. One day you may get something right.

[mikeygit] 08/8/2016 16:46

Very nice M/Munch--I can have this every day on the shores of the Med here in Spain. Take a break from here and enjoy your holiday 100% without worrying about your investment---it will still be here when you get back. LOL

[moneymunch] 08/8/2016 16:28

King prawns in chili butter with mussels in white wine sauce, and the Sun shimmering on the sea lapping up at the Bay watch beachside bar...no big deal.....but very very nice nevertheless. Gl holders unstoppable upward momentum on its way. :-)))

[beebong1] 08/8/2016 16:24

A consultation seeking views on the delivery method and priorities of the Shale Wealth Fund.
This consultation closes at 26 October 2016 12:00am

1.1 Exploring and developing the UK’s shale gas resources could bring substantial benefits and the government’s view is that there is a national need to develop these resources in a safe, sustainable and timely way. The Shale Wealth Fund, which could deliver up to £1 billion of funding, a proportion of which could be paid out to each community over 25 years, will ensure that the benefits of shale developments are shared by communities and regions in which the resource is developed.
1.2 The government is clear that local people should have greater control and say in decisions that affect them. More than this though, we are committed to delivering an economy that works for all, through ensuring the benefits of economic growth and investment are spread as widely as possible. That is why we are setting out our proposals for the Shale Wealth Fund. These proposals make clear that the benefits of shale will go to local people first, and individuals and communities who host developments will be directly involved in the decision making about how the tax revenues from shale are spent.

full document here but unless you are interested in gas not worth reading IMO.
www.gov.uk/government/uploads/system/uploads/attachment_data/file/544241/shale_wealth_fund_final_pdf-a.pdf