Uk Oil & Gas Share Discussion Threads

[datait] 01/3/2016 08:24

Ok this is the bottom folks its onwards and upwards again.

[aslamqadri] 01/3/2016 08:18

this is going to be big,said this last week 2/3 years time this going to be £3 to £4 a share,,its the daddy

[ibug] 01/3/2016 08:14

EXPECT AN OIL MAJOR LIKE TOTAL TO WANT A JV ON THIS NEWS imo.

[datait] 01/3/2016 08:13

After the profit takers this will be full steam ahead folks.

[moneymunch] 01/3/2016 08:12

Hold on tight for truly significant returns imho.....this is going to run and run and run in the coming days, weeks and months. GLA Lucky Ones!!! ;-)))

[rayrac] 01/3/2016 08:12

Profit taking. Get that out the way and we shall be much higher!

[moneymunch] 01/3/2016 08:10

Horse Hill’s second test zone impresses
07:54 01 Mar 2016
Horse Hill’s Upper Kimmeridge zone, the second of three zones to be tested, has flowed oil to surface at a rate in excess of 900 barrels per day.
Horse Hill’s second test zone impresses
The aggregate initial flows are now in excess of 1,300 bopd.

The Horse Hill, or Gatwick Gusher, oil exploration well has unearthed yet more bumper flow testing results.

Horse Hill’s Upper Kimmeridge zone, the second of three zones to be tested, has flowed oil to surface at a rate in excess of 900 barrels per day.

Added to last week’s result, which showed rates above 450 bopd from the Lower Kimmeridge zone, the well has so far seen aggregate rates in excess of 1,360 bopd.

A further test of the Upper Kimmeridge is currently ongoing, and a further update is expected once the new data is available.

Stephen Sanderson, chief executive of UK Oil & Gas Investment (LON:UKOG), a 20% stakeholder in the project, has described the flow test results as an “unequivocal proof of concept” for the Kimmeridge limestone oil play.

“The two Kimmeridge flow tests have not only shown that moveable oil exists within the Kimmeridge, but more importantly, that it can be extracted at commercial rates even from vertical wells without significant stimulation,” he said in a statement.

“This result is therefore very significant for the company and the Weald Basin of the UK.”

Sanderson added that the aggregate rate looks to be one of the highest natural flow rates recorded in a UK onshore wildcat well since the Wytch Farm discovery in the 1970s, and future work could potentially enhance the rates further.

“It should be noted that the planned use of horizontal appraisal and development wells may further significantly enhance production flow rates seen to date,” Sanderson said.

He highlighted also that, following the completion of the final test on the separate Portland zone, the plan would be to “move full speed ahead” into the development of Horse Hill - the next stage of which would see a horizontal well drilled, with a longer term production test.

Solo Oil chairman Neil Ritson, in a separate statement, said: “The results obtained to date are truly ground breaking and move the Kimmeridge limestone play in the Weald Basin firmly in the direction of commercial production."

Solo owns a 6.5% interest in the Horse Hill project.

Several other AIM firms also have stakes in the venture. They are Alba Minerals (LON:ALBA), Stellar Resources (LON:STG), Evocutis (LON:EVO) and Doriemus (LON:DOR).

The investments are made into the Horse Hill Developments Ltd (HHDL) vehicle which has a 65% interest in the project which is located about 5 miles from Gatwick airport.

Andrew Bell’s Regency Mines (LON:RGM) recently agreed to acquire a 5% interest in HHDL. It sees the AIM deal maker buying back into the project, after he previously sold out last year.

[ibug] 01/3/2016 08:10

The MACD showing still well inside buying cycle....this is just profit taking at the moment.

[moneymunch] 01/3/2016 08:06

Balloons being inflated at No 10 Downing Street....Party Time!!! ;-)))

[datait] 01/3/2016 08:03

This is still very cheap so dont let the market makers get them cheap this will be over 100% today folks this is huge.

[lithological heterogeneities] 01/3/2016 07:59

SENSATIONAL LIFE CHANGING NEWS!

[brewsters_millions] 01/3/2016 07:57

Pounds lolPmsl

[ibug] 01/3/2016 07:56

PLENTY OF EGG ON MEDIA FACES TODAY----especially the Telegraph, Times, Shareprophets and the BBC.



In the premarket ---looks like a 3.25 p open folks.

[rayrac] 01/3/2016 07:55

Nothing on the news bbc4 so far! How strange?

[datait] 01/3/2016 07:54

Well over 100% today folks well over

[datait] 01/3/2016 07:50

10P WILL BE AT LEAST THIS WILL BE £'S IN THE NOT SO DISTANT FUTURE.

[datait] 01/3/2016 07:49

Brilliant this will be on the News today without a doubt and the Government will be very pleased as this will play a major part in clearing our debts just like when the oil was discovered in the North Sea in the 70's.

Following the final flow test in the overlying Portland, HHDL now plan to move full speed ahead to obtain the necessary permissions to return to the well, drill a horizontal sidetrack and conduct long term production tests."

[temmujin] 01/3/2016 07:48

broker just phoned..expecting spike in excess of 10p today....yeeeaaaaghhhh!

[eddie max] 01/3/2016 07:44

Texas Tea........!!!

;)

[wisteria2] 01/3/2016 07:42

Great result!! heading for 4p in no time!!! gla holders

[beebong1] 01/3/2016 07:40

better than the 10% I expected over the lower level.

"Following the final flow test in the overlying Portland, HHDL now plan to move full speed ahead to obtain the necessary permissions to return to the well, drill a horizontal sidetrack and conduct long term production tests"

[cupra kid] 01/3/2016 07:38

I'd like to be a fly on the wall in TW's office this morning! He must be spitting his cornflakes out!