Uk Oil & Gas Share Discussion Threads

[funkmasterp12] 19/9/2016 10:03

Great! So you'll only be about 20% down now then.

[moneymunch] 19/9/2016 10:01

Lol funky, that's right and my top up is in profit. Good news imminent from Brockham and HH, and significant upside for a fully funded Alba....a great time to invest. Gla :-)




Alba Mineral Resources plc
LON: ALBA - Sep 19, 9:58 AM GMT+1
0.23GBXPrice decrease0.04 (13.66%)

[funkmasterp12] 19/9/2016 09:01

40% (0.28p offer Fri close - 0.2p placing)

[beebong1] 19/9/2016 08:57

If you post ALBA rubbish on here expect some afters on there ;o)
I see you are as popular there as you are here!
What was it. A 25% discount?

[funkmasterp12] 19/9/2016 08:50

You bought MORE? And ABOVE the placing price?!You're nothing if not loyal, moneymunch.

[moneymunch] 19/9/2016 08:50

Lol and so what were you doing on the Alba thread you snide basher cohort....a fully funded Alba is good for Ukog and HH....gla holders...good news coming :-)))

[beebong1] 19/9/2016 08:44

planningpublicaccess.southdowns.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=OBA26FTU0EF00

I think I may have got it wrong. I don't think the application for drilling has gone in and have been misled by the good Doctor.
I see from one of his "Public Representations" that he refers to the "SCOPE dated 2nd August" so he may have thought that was it.

[beebong1] 19/9/2016 08:44

Trot off to the ALBA board then!!! I see you bought shed loads before the placing. Sounds familiar! But then again you never did think a placing was coming as they were "fully funded".

[moneymunch] 19/9/2016 08:32

ALBA is now fully funded, permit approval for Brockham's sidetrack is imminent and more good news expected from Horse Hill anytime now, not to mention their Graphite prospect in Greenland etc.......Significant upside ahead. Gla holders ;-)))

A 1.3m plus top up for me at .2175p........Gla holders a fully funded Alba on the brink of potential transformational news!!! ;-)

[funkmasterp12] 19/9/2016 07:09

Hope you sold some of that ALBA whilst you could moneymunch. Oh dear.

[moneymunch] 15/9/2016 20:52

Lol....i know all about TRP, thankyou very much!!!...;-(((

[moneymunch] 15/9/2016 16:43

Lol i'll re-post your post on Lse. gl ;-)

ps can't you re-register under a new user name???

[mikeygit] 15/9/2016 14:00

temmujin---please do not be so pessimistic, the UK is still going to need bags of oil and gas, long long way off when we can say Nuclear is overtaking need for fossil fuels---keep the faith.

MONEYMUNCH---you may remember me from LSE, where I got rapped over the knuckles? ( Thats why I am not there!) I am here now--tell good old DOOSE he needs to change Brokers. HL seem to be way behind other brokers regarding DOR--I have had my notification last week and the allocation is showing on my portfolio--I am with TDWaterhouse.
Interesting the various takes on UKOG and what is in place and what is recoverable---the piece hxxp://euanmearns.com/the-gatwick-gusher/---is indeed from Feb this year and does not take into account the further NUTEC reports and those yet to come. I think that folk will take note more when RECOVERABLES are better known, and it is my (VERY NOVICE) belief that as time goes on with more technology becoming available more oil WILL be able to be recovered. Also my belief that we on the verge of GREAT things and at last getting big returns on our punts---you see DOR gradually rising even though it is on ISDX----certainly testing our patience!!

[temmujin] 15/9/2016 11:05

Might as well sell up now due to hinkley point decision ...what future for ukog? our country is run by insane people who only care about their financial interests and political careers...RIP UK

[beebong1] 15/9/2016 08:10

"Duration of the licence

6.—(1) Subject to paragraph (2) below, the Secretary of State shall ensure that—

(a)a licence only grants an entity exclusive rights for the period which is necessary for the proper performance of the activities authorised by the licence; and

(b)the duration of the licence does not exceed the period necessary to carry out the activities authorised by the licence.

(2) The Secretary of State may extend the term of a licence if—

(a)the terms and conditions of the licence permit an extension of the term;

(b)the licensee has performed its obligations in accordance with the terms and conditions of the licence; and

(c)the term of the licence has proved, or is likely to prove, insufficient for the licensee to complete the activities authorised by the licence."


Personally I don't think they have a leg to stand on but I'm sure some will argue just on the principal of it. But then again I did read the regulation before commenting unlike some who just spout off for the sake of it.

[moneymunch] 15/9/2016 08:03

The license at Pedl234 was extended 1st July 2016 by the OGA, the horse has already left the stable. Gla holders ;-)

[beebong1] 15/9/2016 07:50

The Planning and Development application for Markwell's has gone in but has not yet reached the SDNP website. Apparently details were given out during a Parish Council meeting on the 13th.

[moneymunch] 14/9/2016 19:43

Lol...Sling your hook!!! Ukog still have close to £5m cash in the bank i reckon, and so plenty of funds for their near term development plans, which could result in a significant revenue stream early next year from the sale of the test oil from HH's planned extended flowtests. Gla holders.....Ukog's share price could be in double figures by the time any placing arrives if early indications on the extended flow tests confirm Nutech and Schlumberger's multi-billion barrel assessment, by which time a Major could come knocking. ;-)))

[beebong1] 14/9/2016 12:46

Things beginning to liven up. All this is just my opinion. DYOR.

Holmwood limited to £1.8m costs.
HH PFT for a year could be anything up to £2m gross working on principal Angus had to pay back £200k for 10% stake in last ewt over 43 days. UKOG cash call could be between 31 and 48% depending if Magellan are included so anything up to £1m approx (worst case scenario). The Magellan finals gave a clue, or did it, when it said "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" which differs from previous statements made by the company. Not sure what "certain flow tests are".
They need to get a shift on at HH as can see a placing in the New Year now, more so if they push on with Broadford, Baxters, IOW and Godley. 3D, consultants and directors don't come cheap either!
Off to Singapore for GP after spending two weeks in Belgium and Italy and hardly had time to settle at home. I do love Belgian beer and Italian wine but the stalls in Singapore serve up some quite unique dishes. Gone are the days of crawling through the monsoon ditches on the way back to the ship!!!