Uk Oil & Gas Share Discussion Threads

[moneymunch] 10/8/2016 17:50

and let's see if PEDL231 and 234 are in the mix.....BOOM time on any move by a Major. Gl :-)

[moneymunch] 10/8/2016 17:50

and let's see if PEDL231 and 234 are in the mix.....BOOM time on any move by a Major. Gl :-)

[moneymunch] 10/8/2016 17:45

Lol they've already got 65% and plenty more elsewhere, and no doubt saving their cash for more of their main play, the Kimmeridge. Gla :-)

[beebong1] 10/8/2016 17:39

Not the first time Angus has made something out of nothing!
The licence is the key and not far off free IMO
You could do worse than bidding on one and then farming it out.
Lets see if anyone has the brains to do it in the next onshore round!

[funkmasterp12] 10/8/2016 17:21

And not picking up more of an existing license on the extreme cheap? Hmmm...

[moneymunch] 10/8/2016 17:16

Ps funky, they already have 65% and 100% of p1916, and they might just be keeping their powder dry for more of the Kimmeridge. Gla holders :-)

[beebong1] 10/8/2016 17:16

DOR GBX Bid 0.04 Ask 0.05 Mid 0.045

Notice they don't say how many shares are now in the issue but I think it is well over 7bn, probably 8bn by now.

It is no surprise that some shares only trade on ISDX as regulations appear to be less stringent on what needs to be reported and shown on the company website IMO.

[funkmasterp12] 10/8/2016 16:53

Confetti blizzard alert!

Which begs the question why didn't UKOG, with their established interest in this license and cash in the bank, bother going for this...

[beebong1] 10/8/2016 16:53

this says dry & abandoned but it was from British Gas.


ukogl.org.uk/map/php/images.php?subfolder=wellscompositeLogHeader&filename=1905-clh.jpg


ukogl.org.uk/map/php/images.php?subfolder=wellslogsums&filename=1905.JPG

ukogl.org.uk/map/php/pdf.php?subfolder=wells ops&filename=1905.pdf

[tmmalik] 10/8/2016 15:38

Rns logged for tomorrow,might b flow test update

[moneymunch] 10/8/2016 13:50

Having a beer in the Cowes Yacht Haven and a couple of Spitfires have just flown over wing tips apart.....makes you proud to be of this land. Gla Islanders. ;-)

[beebong1] 10/8/2016 10:59

If you like this sort of thing;

Energy Act 2016 Chapter 20 THE OGA
The OGA and its core functions

www.legislation.gov.uk/ukpga/2016/20/pdfs/ukpga_20160020_en.pdf

[beebong1] 10/8/2016 08:35

The Secretary of State announces that the Oil and Gas Authority will receive new powers on 1 October

The Oil and Gas Authority will be established as an independent regulator by the UK Government, with new powers that mean it can act with greater speed and flexibility to drive investment, support jobs and further the UK’s competitive edge in the oil and gas industry to ensure the UK remains an attractive destination for investment.

The Secretary of State for Business, Energy, and Industrial Strategy made the announcement during a visit to Aberdeen where he met with oil and gas industry representatives, visited leading local business ROVOP and chaired a round table with local businesses at Aberdeen & Grampian Chambers of Commerce.

Business and Energy Secretary Greg Clark commented:

The oil and gas industry is crucial to our energy security, economy and our cross-government industrial strategy.

As one of the UK’s largest industrial sectors and having one of the most highly skilled workforces in the world, we are determined to continue to work together to secure its long-term success.

Creating the Oil and Gas Authority and giving it powers to drive greater collaboration and efficiency will help attract investment, support jobs and make sure UK oil and gas remains competitive for the future.

It gives the Oil and Gas Authority new powers including: access to operators meetings; data acquisition and retention; dispute resolution; and sanctions. It also enables the transfer of the Secretary of State’s existing regulatory powers in respect of oil and gas to the Oil and Gas Authority.

Andy Samuel, Oil and Gas Authority Chief Executive, said:

We are delighted to welcome Greg Clark for his first visit to Aberdeen today as Secretary of State, just weeks after being appointed.

Over the last year, we have worked closely with our colleagues in the Department for Business, Energy and Industrial Strategy and other government departments to put in place the legislative and regulatory foundations to support Oil and Gas Authority’s transition to an independent government company, including the passing of the Maximising Economic Recovery UK Strategy in March and the Energy Act just two months later.

Government Company status formalises our position as a strong and effective authority with a full suite of regulatory powers to have a positive, transformational effect. Like industry, we are bound by the obligations of the Maximising Economic Recovery UK Strategy, and will continue to deliver on our priorities to drive collaboration, influence and promote the remaining prospectivity of the UK Continental Shelf.

Notes to editors:
There are still a number of matters which must be concluded before the Oil and Gas Authority formally becomes a Government Company. Vesting is the phrase we use to describe the process.
This process consists of completing a number of final regulations and administrative issues
The Government has committed measures worth £2.3bn to ensure the UK Continental Shelf remains an attractive destination for investment.

[beebong1] 10/8/2016 08:31

sherbets; too many?
3.3% net interest in Brockham so "The good lads at Angus Energy" will have to perform miracles IMO just to pay back cash calls for the operation.

[beebong1] 09/8/2016 19:14

Considering Brockham 1 and 2 have already been down to the Kimmeridge have you ever wondered why they have not perforated the wells already drilled?

Brockham 1 7139 feet

Brockham 2 3708 feet
Kimmeridge Clay 3632 feet

Brockham X2Z TD 4971 feet in L.Purbeck Anhydrite. No mention of Kimmeridge.


Brockham 2Y Portland
Brockham X3 Portland
Brockham X4 Portland

Must be really sh1t on the IOW if you are spending all your time on here and lse ;o)
St Helens is hardly Cowes; it's the same as the difference between Torremolinos and Cannes IMO but I prefer Villefranche.

[moneymunch] 09/8/2016 18:33

Roll on Brockham as per DL's view point. Gla :-)


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] 09/8/2016 18:29

Lol a common snob, and he just can't shake off those Northern hob nail pit boots. Gla holders ;-)