Uk Oil & Gas Share Discussion Threads

[moneymunch] 15/8/2016 10:59

Moving on up.....;-)))) Back to 2p plus in a blink....and still miles off fair market value on the prospect of so much confirmed oil in place...Gla holders, On and Up and Up and Up!!! ;-)))

[mikeygit] 15/8/2016 10:50

Yes agree with many of your points,beefing. Certainly need to change sector to OIL-- cannot see the reason for still being listed as IT?? Still have a hunch that when this kicks off one of the big boys will come in and take over!! If that happens I hope as investors we are not sold down the river as so often happens.

[tmmalik] 15/8/2016 10:10

Rns logged for tomorrow

[beebong1] 15/8/2016 08:45

IMO POO has not played a big part in the demise of the share price as it has not mirrored the trend throughout the last 18 months.
Remember UKOG is still in the early stages of growth. It has never produced it's own oil (Angus under the guise of HHDL were prime movers at HH), is still listed as IT Hardware sector at lse (they need to change that to give visibility in correct sector).

Add any number of these to the mix and is it a surprise the share price has dropped;
greed
gullibility
production
nimby
media coverage
fear
ignorance
logistics
commercial ability
longevity
and finally the number of shares in issue has gone from 1.7bn to 2.5bn

IMO until they get into production the share price will rise and fall at the whim of those wanting to make a quick buck.

PS The futures market is a bit more realistic about POO IMO

www.barchart.com/commodityfutures/Crude_Oil_Brent/CB?search=CB*

[moneymunch] 15/8/2016 07:29

Lol its all about oil when investing in Small cap explorers and Ukog has confirmed that there are billions of barrels across the Kimmeridge and potentially a significant amount recoverable, Brent is back to $47 plus today and many expect the oil price will continue rising second half of 2016 and head for $60- $70 plus 2017.....incredible potential profit for Ukog with the prospect of so much oil......the best risk reward opportunity for years. Gla Holders.....Onwards Up!!! ;-)


SS's take on the acquisition of Angus Energy's 7.8% interest back in April. Gla ;-)

"We paid £1.8 million for that so when you look at that in terms of cost per barrel of potentially recoverable resource, that's very cheap, it's sort of 23 cents to 45 cents a barrel, that's very very low which is good if you're acquiring.

I think people should understand that when we move this project forward in the next 6-18 months where we actually prove that we have commercial resources and reserves here that value per barrel is going to move significantly upwards so adding a lot more value to the company and to these assets. Looking at other assets in the basin and looking at other assets in the world which have very similar sort of rocks and performances to our Horse Hill Kimmeridge limestones.

I think it's not beyond the realms of possibility that when we get to proven probable reserve we'll be looking at in the range of $5-10 per barrel net present value so you can see that having paid only cents on the dollar with something that ultimately that has value in dollars up to $10 a barrel is a very good move and if people stay in for the long term, and long term being 6 months to a year to 18 months which is not that long, then they could see very significant returns I think."

[funkmasterp12] 15/8/2016 07:12

... Or you could lose the majority or even all of your money. Nothing has fundamentally changed, UKOG still does not generate cash and needs significant ongoing funding to pay for all of this activity.

[mikeygit] 14/8/2016 09:45

Good post MM and yes main factor IMO--is that no one believed there was so much oil and even if there were it would not be possible to extract it. Also there were a lot of fears about fracking, which have now been discounted. Also times have changed in the markets. MMs SEEM to have a lot more control--eg, widening the BID/OFFER price when it suits them also looking at other shares time seems to have gone when good news generates a considerable hike in the share price Remember when ROCKHOPPER and others, found oil in the Falkland the share price rocketed---that does not seem to happen now, people are far more cautious. Here, however I do believe that by taking each stage of development very thoroughly and making sure the facts are correct--eg getting NUTECH in to evaluate the OIP and recoverable, that we will in time see a very sound and solid base for the share price here to get to very good levels. We all have to exert good patience for a year or so before our chickens come home to roost. Good Luck everyone---especially you young guys who could reap lovely life changing rewards.

[beebong1] 14/8/2016 08:13

"... UK Oil & Gas, the minnow famous for proclaiming the Weald region a potential 'strategic asset' for Britain, was up 0.15p, or 11 per cent higher, after Celtique Energie, the private explorer with exploration licences in Britain, took a 3 per cent stake in the company.

Shares in UK Oil & Gas are now at 1 1/2p, slightly more than half the level they were when the chief executive declared 18 months ago that the company had made a discovery of national importance".

So if you read that a knew absolutely nothing about the company would you invest?
I would want to know why the share price had dropped so much for what they have called "discovery of national importance".
Perhaps someone could explain to me why it has dropped so much.

PS By my calculation 18 months ago was February 2015 when the share price was about 0.5p so would query the accuracy of the articles date or content. Peaked at about 3p in April and again in June 15.

[moneymunch] 14/8/2016 07:26

Friday, August 12, 2016

Oil prices staged a strong rally on Thursday moving higher by 4.27%. WTI ended the day at $43.67 per barrel while Brent was at $46.04. The rally was due in part to twin optimistic comments from the IEA and the Saudis. The IEA reported that crude production is falling behind demand. At this point that gap is likely to average around 1M barrels per day in Q3, says the IEA. The agency reports "Our balances show essentially no oversupply during the second half of the year." That result is thanks to a combination of sizeable production cuts by non-OPEC producers including US producers, and healthy demand in many parts of the globe. Adding to optimism, in other news, Saudi Arabia energy minister Khalid al-Falih said market forces are already doing their work, but his country is ready to do what it can to further support prices.

Venezuelan President Nicolas Maduro is reportedly trying to raise prices to at least $70 a barrel. Maduro announced his plan on TV this week. That plan essentially consists of trying to encourage the Saudis to support prices and rally OPEC producers to hold a new meeting and reach an agreement to freeze production.

Bloomberg reports that private equity buyout firms have raised $100B in capital and may finally be ready to put some of that dry powder to work in M&A deals in the energy space. Thus far major buyouts have been few and far between.

[bionicdog] 13/8/2016 13:33

UK Oil & Gas (UKOG): Above 200 Day Line Suggests 2.5p Again

It is now a couple of weeks since the alleged forced seller (I read it on Twitter), and it would appear that the price action here has improved in favour of the bulls, although we are still awaiting a confirmation trigger. This should come in the form of an end of day close above the 200 day moving average, now at 1.60p. If we get this over the next few sessions the expected upside is back towards the post April resistance at 2.5p over the following 1 – 2 months. As for the stop loss, the 1.27p initial August low looks to be appropriate, although the ideal scenario is that there is no sustained price action back below the 50 day moving average at 1.40p and the RSI 50 level versus 60 at the moment.

[moneymunch] 13/8/2016 10:59

Coverage in today's Times which could garner a bit of investor interest this coming week. Gla ;-)

"... UK Oil & Gas, the minnow famous for proclaiming the Weald region a potential 'strategic asset' for Britain, was up 0.15p, or 11 per cent higher, after Celtique Energie, the private explorer with exploration licences in Britain, took a 3 per cent stake in the company.

Shares in UK Oil & Gas are now at 1 1/2p, slightly more than half the level they were when the chief executive declared 18 months ago that the company had made a discovery of national importance".

[theuniversal] 12/8/2016 21:24

Money munch. Tough call isn't it. See mpet do well with 20 million ukog shares 35% of HH and LNG merger with tellurian but that part wont happen until 2022.6 yrs to go until LNG pipe line. Not sure if their share price will reflect this sooner than later. But the pros and cons too decide before ukog and 88e seismic and oip upgrades are due anytime really by end of august ish.... but hay good to be in that position

[beebong1] 12/8/2016 18:22

www.seaviewisleofwight.co.uk/own-a-seaside-property/new-beach-huts/

OUCH

[mikeygit] 12/8/2016 17:19

Moneymunch---think you mean Gunwharf Quay? Predictive text I guess?We had an air display along our coast here in Spain and a Euro fighter took part---absolutely awesome!! Thrust and G force something else--those guys really must have some fun flying those little beasts.
On a serious note---anyone on here got any MATRA shares?? Jenkins no longer deal with them and contacting MATRA and speaking to someone one can understand English
or getting an e-mail reply as to who deals in their shares is more than getting blood out of a stone---Russian run methinks!!??

[theuniversal] 12/8/2016 16:24

All depends if mpet motor pass $10As i need to get in early for 88e around 2.5p news on seismic due and presentation by the ceo on the 9th sept.. could be higher by then.

[theuniversal] 12/8/2016 16:18

Hi money munchIve already got 500k bought at 1.32 not sure to sell mpet just yet tempted today looks good to break $7. .. but im looking to buy back in 88e aswell as its a 3yr ne term for a buyout

[moneymunch] 12/8/2016 15:59

I'd love to see that rootsman, but now back on the big island in Gunworth Quay as the better half sorts on new school shoes for the kids. A great time had by all at St Helens bay and a scorcher of a day today. I'm thinking of buying a holiday IoW retreat, seaviews and a couple of acres when Ukog goes into full production of the Weald or is bought out for a billion or so. Gl :-)

[rayrac] 12/8/2016 15:06

We've you been? IoW?

[rootsman1] 12/8/2016 15:00

There's a Euro fighter flying over just before the fireworks tonight mm.

[gazza102] 12/8/2016 14:12

Love knockers usually come in pairs!