Uk Oil & Gas Share Discussion Threads

[beebong1] 14/9/2016 12:11

this one said "first half of 2017."

Zenith Energy wins well management contract with UK operator
9/13/2016

ABERDEEN, Scotland -- An Aberdeen-based well engineering and project management company has secured a significant new contract with a UK operator. The contract will see the company provide a full management service for an onshore exploration well in the Weald basin.

Zenith Energy has been awarded the additional contract with Europa Oil and Gas following its success with the onshore exploration well, Kiln Lane-1, last year.

Under the new contract, Zenith will be responsible for the provision of well construction and full project management services on Europa’s upcoming Holmwood-1 exploration well on the PEDL143 license in southern England.

The specialist well firm will execute all well planning, third-party contracting, rig contracting, well test planning and operations for the onshore well. Recently securing ISO 14001:2015, Zenith is the first well management firm to gain accreditation of the new ISO standard, and it will utilize this Environment Management System on the Holmwood-1 project.

PEDL143 is in the Weald basin in southeast England where 14 oil and gas fields have been found over the last 30 years, resulting in the discovery of an estimated 50 MMbbl.

Drilling operations on the Holmwood-1 well are anticipated to commence in the first half of 2017.

Hugh Mackay, CEO of Europa Oil and Gas, said, "We have contracted Zenith for a second time to help us achieve the Holmwood well objectives for what is an extremely important well for Europa. The Holmwood prospect has potential mean gross unrisked prospective resources of 5.5 MMbbl and is one of the largest undrilled conventional prospects onshore UK."

[beebong1] 14/9/2016 12:04

Zenith Energy win UK onshore well management contract

The six-figure contract will see Zenith provide well construction and project management services on Europa’s upcoming Holmwood-1 exploration well on the PEDL143 licence in southern England, considered one of the UK's largest undrilled conventional prospects

Well engineering firm Zenith Energy has won a new six-figure well project management contract with Europa Oil and Gas on one of the UK's largest undrilled conventional prospects.

Aberdeen-based Zenith said the “significant” new contract with Europa follow its work on the onshore exploration well, Kiln Lane-1, last year.

The new contract will see Zenith provide well construction and project management services on Europa’s upcoming Holmwood-1 exploration well on the PEDL143 licence in southern England.

PEDL143 is located in the Weald Basin in South-east England where 14 oil and gas fields have been found in the last 30 years, resulting in the discovery of an estimated 50 million barrels of oil equivalent.

Hugh Mackay, chief executive of Europa Oil and Gas, said: “We have contracted Zenith for a second time to help us achieve the Holmwood well objectives for what is an extremely important well for Europa.

“The Holmwood prospect has potential mean gross unrisked prospective resources of 5.5mmbo [million barrels of oil] and is one of the largest undrilled conventional prospects onshore UK.

“We look forward to working again with the experienced Zenith team.”

Martin Booth, managing director of Zenith Energy, added: “Over the past two years, Zenith Energy has developed a strong relationship with Europa, having successfully drilled and completed their Kiln Lane well early last year, which was a first project management job for us.

“Since then, we have built on this relationship and will again utilise our experienced well engineering team, along with our familiarity and knowledge of Europa, to demonstrate our ability to deliver superior performance.”

[beebong1] 14/9/2016 11:51

From Magellan Annual filed today.

"Horse Hill. In PEDLs 137 and 246, where the Horse Hill-1 well ("HH-1") was drilled, the Company holds a 35% interest in HH-1 and these licenses following a farmout agreement with Horse Hill Development, Ltd ("HHDL") dated as of December 20, 2013, pursuant to which agreement the Company’s costs in relation to these licenses are 100% carried by HHDL until production and including costs related to conducting certain flow tests. During the first quarter of calendar year 2016, HHDL conducted a successful flow test of several formations of HH-1 including the Portland sandstone and two Kimmeridge limestone formations. UKOG, one of the principal interest owners of HHDL, then reported that the flow tests measured a stable dry oil rate of 1,688 barrels of oil per day in aggregate from these formations. Although the duration of the flow tests of each formation was relatively short, we were very encouraged by these results. We believe that HHDL is in the process of seeking regulatory permissions to conduct a significant long-term production testing and appraisal program of the productive Kimmeridge limestones and Portland oil-bearing reservoirs."

ir.magellanpetroleum.com/all-sec-filings/content/0000061398-16-000098/mpet2016-06x30doc10k.htm?

[beebong1] 14/9/2016 09:34

I'm surprised some of the posters on here have not said they have bought DOR!

Latest Trades
Date & Time Volume Price
14/09/2016 08:00 154,322 0.059

Nutech are a govt. data licence holder and DOR had access to HH, CF and Brockham data as well so I'm getting mixed messages from some of the things that have been said. What difference in data did UKOG get to what DOR got? Obviously some of the data is still time sensitive from live and recently decommissioned wells IMO.

“From the initial NUTECH petrophysical and reservoir analysis, we are excited about the potential of the Brockham oil field. It is early in the assessment with limited data, but we are looking forward to updating the reports as additional information comes in from log/core data from new drills and additional production data from completions.”

"Included in the analysis by Nutech is a cross section of the three wells, CF-1, HH-1, and Brockham-1 to understand the geological variations across the Basin where the wells lay. It is seen that there are some geologic variations across the 4.5 miles in between the HH-1 and Brockham-1 within the Portland zone, but the overall stratigraphy remains prevalent. It is also observed that the Brockham-1 formations lay slightly deeper in the Portland zone, and close in the Kimmeridge formations relative to HH-1."

"It is imperative to realize the limitations on the analysis in the bulk of the Kimmeridge zone where only sonic porosity logs were available. The lack of high quality data reduces the confidence level of the quantitative results. To overcome this, offset logs in junction with a robust process driven methodology yield reliable qualitative results."

UKOG have spent at least £2.3m, issued 0.55bn (edit. I have been told it is nearly 0.6bn) shares and employed a number of consultants since last financial statement IMO. Once the applications are in and the hardware is deployed the money will flow out faster than it flows in IMO.

I would rather they start PFT before Brockham starts as bad news there would hit harder here if trying to get a placing away. It's all about timing now IMO.

I will set my stall out now and say I don't expect Brockham to produce at more than 100 bopd in the Portland going on evidence from the previous 6 wells.

[moneymunch] 14/9/2016 07:28

Lol funky and penguins the poster admitted that it was his first post in some time, certainly not since the share price has risen from from below 1.4p and back to 2p plus, just like a few other basher chorts who are intent on detering investors....pmsl.....Nutech's assessment at Brockham was based on limited data as per their statement in yesterday's Rns. The 3 Kimmeridge limestones run throughout the whole of the OIL SATURATED Kimmeridge Interval across the South East, and as limsestone is natuarally fractured, fissured and porous, the limestones at Brockham will have a high chance of free flowing like HH......and we're about to find out. Permit approval imminent for the Brockham sidetrack and significant upside ahead for those involved , including Ukog who will benefit greatly from positive results, as Nutech and the market will use the Brockham data to appraise the rest of Weald Oil Basin where Ukog is the leading player. Gla holders....excitement and momentum building to the upside as continued positive news and events develop. ;-)))

David Lenigas, Executive Chairman of Doriemus Plc, commented:


?The great advantage of the Brockham oil field is that it is already a producing oil field and any new production should be able to be put on line relatively quickly. This Nutech work for Doriemus has highlighted that the conventional Portland Sandstones and the Kimmeridge Limestones that were oil productive at the Horse Hill -1 well near Gatwick Airport are indeed evident at the nearby Brockham Oil Field. Doriemus looks forward to participating in the next phase of developing the oil potential of Brockham with the proposed drill of the next side track well designed to penetrate the Portland and the entire Kimmeridge sections of the well."


Bill Boykin, NUTECH Energy?s EVP Business Development, commented:


From the initial NUTECH petrophysical and reservoir analysis, we are excited about the potential of the Brockham oil field. It is early in the assessment with limited data, but we are looking forward to updating the reports as additional information comes in from log/core data from new drills and additional production data from completions.?

[funkmasterp12] 14/9/2016 07:23

In a matter of days? Whoopdedoo. Look also at the company's balance sheet and medium term cash prospects. Look also at the fact that despite all this oil not a single share has been purchased by a director in what, 2 years? Anyway, I'll let moneymunch and the other blatant rampers have their fun again. I'm sure there'll be new news to comment on soon enough.

[uxbridgearms] 14/9/2016 01:07

Just look at what has flown to surface you great plum.

[funkmasterp12] 13/9/2016 23:30

Not often you put "great post" and "LSE" in the same sentence, but this hits several nails on several heads. And it doesn't even mention cash!"The oil volumes quoted for HH-1 Kimmeridge Micrites differ from those quoted in April 2015. No updates have been issued by UKOG of work by Nutech so where do these numbers come from? If they have been reworked for Doriemus what were the differences as Nutechs methodology is log based and no further logs have been acquired since HH-1 was drilled.Whilst the differences are probably within the accuracy of the method thats now 3 different results from the same log data (Nutech April 2015, Schlumberger 2015 and this Doriemus RNS).In the technical analysis the statements that unless fracturing is present all 3 Kimmeridge micrites are "expected to produce hydrocarbon at a low rate" points out a risk that has not been previously highlighted. The HH-1 well is close to faulting (equals large scale fracturing), is this why HH-1 flowed so well? They 'believe' fractures to be present at Brockham but have no evidence they do exist because the log data is inadequate in the old well used at Brockham. Its likely most wells in the Weald will also lack the log suite that Nutech require for fracture prediction in the Kimmeridge so that will remain an unknown until new wells are drilled.Like UKOG there's this obsession with OIP per square mile, but most of it irrelevant as it's in clayey shales and mudstones most with very low concentrations of oil which seems to be a deliberate ploy to confuse investors, though it is quite clear that only the Portland sandstone and Kimmeridge micrites are of any interest reading the whole document.The other confusion is quoting OIP for the Portland sandstone which is impossible to translate into OIP as it is structurally trapped not a resource play. Lumping that value for OIP with that of the Kimmeridge limestones is highly misleading. Although if the Kimmeridge limestones are conventional perhaps quoting OIP per square mile is also misleading for the Kimmeridge limestones?"

[funkmasterp12] 13/9/2016 21:55

By "circa" you mean "give or take 3 million" presumably ;)

[moneymunch] 13/9/2016 20:24

Lol funky's back, I wonder why??? Ukog have c £5m cash in the bank. Gla holders....upward momentum all the way. :-)

[funkmasterp12] 13/9/2016 20:15

These Nutech reports aren't really relevant until the companies sort their balance sheets out. And yes, UKOG (and ALBA, oh dear Moneymunch!) need to do that quickly.Well done to anyone buying here recently. It would indeed seem a rising tide lifts all boats, no matter how decrepit. Time (and cash) running out for fundraises though. And as far as I can deduce UKOG still very much needs one of those soon.

[mikeygit] 13/9/2016 19:42

DOR has had an RNS out today from Nutech---is UKOG also waiting for another Nutech report?? or am I mistaken, we seem to have been waiting so long!!

[moneymunch] 13/9/2016 17:51

That should read "especially" for Brockham with a production license already in place. HH's before you know it. Gla holders, Ukog et al are on the brink of greatness. ;-)))

[beebong1] 13/9/2016 16:27

HH does not have a production licence. The application will be for production flow testing and appraisal/development wells and the acquisition of 3D seismic data.

[moneymunch] 13/9/2016 15:58

Permit approval for HH and for Brockham's sidetrack will be a breeze especially that a Production License is already in place. The OGA along with Theresa May and her new Govt. will be keen to exploit the Weald Oil Basin to provide potentially billions of £'s in revenue for an independent UK Plc as it embarks on a new side-track exciting chapter in its lustrous history. Gla :-)

[moneymunch] 13/9/2016 15:51

The 1st October marks a pivotal date for the Oil and Gas Authority (OGA) as we transition into a Government Owned Company, or GovCo, a step designed to reinforce our independence and our ability to act in the interests of the Maximising Economic Recovery (MER) UK Strategy. Since the OGA began we have made clear we believe strongly that the industry is best served by a successful “tripartite221; approach bringing together the OGA, industry and the government to collaborate and help create the conditions for a successful next phase of the UKCS.

Today we launch the MER UK in Practice event which gives the OGA the opportunity to further engage with you on how MER UK affects all ‘relevant persons’; offshore licence holders and operators, developers, owners and operators of upstream oil and gas infrastructure and indeed, us the overarching authority, day-to-day, in practice.

While the Strategy has been legally binding since March this year, the new powers granted to the OGA as a government company are a step change in the UK Government’s regulation of our industry as we know it, for example providing access to specific sanctions to enforce MER UK obligations.

We have thought carefully about the agenda to align it to areas of interest for those across industry. Covering the main OGA themes including asset stewardship, exploration, information management, supply chain, decommissioning and technology, attendees will have the opportunity to hear more about what the OGA are asking of you, industry, and what you can expect from us in return as a strong and effective authority.

Achieving MER UK is about much more than a legally binding strategy. It is about transformational change, influencing wider industry cultures and behaviours, encouraging collaboration and promoting the UKCS as a more competitive basin still very much open for business and investment. I look forward to seeing you there.

Stuart Payne is the director for change and organisational design for the OGA.

[beebong1] 13/9/2016 13:32

Don't know what all the fuss is about on lse. DOR published the Nutech report so anyone can see the precis but not the nuts and bolts IMO. Enough there for ALBA and UKOG to comment on if they want to.
Would you want to commit yourself to something that someone else has commissioned though? That is the question.
You can't see the site from Horse Hill or Collendean Lane when no rig there, or you couldn't in 2014 when I paid a quick visit. You need to get to the right of way footpath to the south and do a bit of climbing to see over the fence. It is private property to the west and north.

[beebong1] 13/9/2016 12:17

Latest Trades
Date & Time Volume Price
13/09/2016 11:42 8,300,000 0.05
13/09/2016 10:38 5,500,000 0.054

all two of them (about £8k in total) and 10 minutes after my post was made. The spread was 0.015 at one stage! The joys of ISDX.

[moneymunch] 13/9/2016 11:24

Lol the only mug punters are the ones who listened to the lowlife snide basher brigde and didn't invest or sold their shares at the bottom. Transformational upside ahead on the best risk reward opportunity for years. Gla; -)

[moneymunch] 13/9/2016 11:20

DL's summary a few weeks back..... a game changer for all if the Brockham limestones free-flow as HH, which could add significasnt value for Ukog and instant market appreciation for the billion barrel potential....all near term and maybe even this year. Gla holders, sooner or later they're going to let this go....a sudden and significant re-rate imho.....permit approval next for Brockham's sidetrack....Boon time ahead fir all....Don't delay!!! ;-)

DL
Itâ€T82;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 were about to find out.

[beebong1] 13/9/2016 11:05

Unfortunately all those that know absolutely nothing about oil will be sucked in by the rampers.
Did you read what the water content was.
Do you know what affect that has?
They don't write disclaimers all over for no reason.
Good luck to those mugpunters that believe everything they read on a bb.
Everything I have published has come from an authorised checkable source unless I have said IMO unlike some on here.

Perhaps you should question why Angus have not provided oil production figures from Brockham and Lidsey for quite some time now. What are they hiding? Quite easy to check on govt website.