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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Uk Oil & Gas Plc | LSE:UKOG | London | Ordinary Share | GB00BS3D4G58 | ORD GBP0.000001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00025 | 1.75% | 0.0145 | 0.014 | 0.015 | 0.0145 | 0.01425 | 0.01 | 64,791,793 | 13:27:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 1.54M | -3.78M | -0.0005 | -0.20 | 1.16M |
Date | Subject | Author | Discuss |
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26/9/2016 11:35 | I find it quite strange that not one person picked up on the fact that I named Angus as the "Operator" of PEDL 331. Going to be quite difficult as they sold out to DOR ages ago. I see PEDL 234 has now been updated on the DECC website to KIMMERIDGE OIL & GAS LIMITED 100%. Reference to Magellan has finally been removed. By my calculation DECC are therefore anything between 3 and 5 months behind on the administration. | beebong1 | |
26/9/2016 08:03 | Only in America!!! They only do BIG! Series of Texas quakes likely triggered by oil and gas industry activity By Sid PerkinsSep. 22, 2016 , 2:00 PM During the past decade or so the oil and gas industry has injected wastewater into deep rocks in eastern Texas, causing Earth’s surface to bulge ever so slightly—and likely triggering a series of tremors there in 2012, a new study suggests. Scientists say the work offers hope that similar analyses of the landscape in other oil- and gas-producing regions could help identify areas at risk of human-caused earthquakes. The 2012 quakes shook the small town of Timpson, Texas, which lies northeast of Houston near the Louisiana state line. The largest, a 4.8-magnitude quake, and three more magnitude-4 or higher that followed, all originated in a suspicious spot: directly beneath two wells where wastewater generated during oil and gas production in the region is pumped into porous sandstone layers about 1.8 kilometers underground. Oil and gas producers dispose of their wastewater deep underground for a variety of reasons; sometimes pumping fluid into the reservoir helps boost production, and in other cases it’s a convenient method of getting polluted water out of retention ponds on the surface so that it doesn’t inadvertently spill to pollute rivers, streams, or other sources of drinking water. According to data provided by the companies that owned the wells, between 2007 and mid-2012 the two injection wells nearest the quakes and another two wells fewer than 10 kilometers away pumped, on average, about 890,000 cubic meters of water into the ground each year. (Or, put another way, that’s about one Olympic swimming pool worth of wastewater pumped underground each day.) Many studies have already noted the link between wastewater injection wells and swarms of nearby tremors, says Manoochehr Shirzaei, a geophysicist at Arizona State University, Tempe. Few doubt that injection wells are the chief reason that Oklahoma has overtaken California as the earthquake capital of the United States’s lower 48. But in the new analysis, he and his colleagues looked to build more than just a circumstantial case linking the four underground disposal wells to Timpson’s temblors. First, the team used a technique that compared a series of radar images of the area taken from space. Between May 2007 and November 2010, the terrain between the two sets of injection wells rose as much as 3 millimeters per year, on average, the researchers report online today in Science. Although hordes of studies have noted subsidence, or sinking, of the landscape when oil, gas, or water for irrigation are withdrawn from underground reservoirs, this new analysis is one of the first to note uplift as a result of pumping fluid into the ground, Shirzaei says. The team then went further. Using computer simulations, and the bulging ground as a constraint, the researchers found that over time the wastewater seeped away from the injection point and boosted water pressure within the tiny spaces in the surrounding rocks—a parameter scientists call pore pressure. Eventually, the expanding front of increased pore pressure reached fault zones and triggered quakes between depths of 3.5 and 4.5 kilometers, Shirzaei says. The team’s models suggest the pore pressure in the rocks along the fault zones increased to a level that has been large enough to trigger aftershocks to major quakes elsewhere in the world, he notes. The group’s combination of monitoring uplift of the landscape over time and modeling the effects of wastewater injection on pore pressure “is a powerful approach,” says Shemin Ge, a hydrogeologist at the University of Colorado, Boulder. “It will help advance our understanding of what’s actually going on in rocks near wastewater injection sites.” The new findings will also guide where future wells should be located and how much wastewater—and possibly more importantly, how slowly such wastewater—sho Drilling and maintaining wells to directly monitor water pressure in deep rocks is both challenging and costly, says Roland Bürgmann, a geophysicist at the University of California, Berkeley. Thus, he suggests, injection-induced uplift, detectable from space, could serve as a less-expensive warning sign of increased seismic risk. “We can’t predict such induced earthquakes,” he notes, “but maybe we can better understand the conditions that lead to them.” | beebong1 | |
25/9/2016 21:13 | So that's not a problem then...anywhere! | ![]() rayrac | |
24/9/2016 20:41 | Next 3 months, and then a none stop 2017.....gl ;-) | ![]() moneymunch | |
24/9/2016 10:02 | Cheers moneymunch.. when is the big q4 due? Still waiting on the seismic oip update whens this due...? | ![]() theuniversal | |
24/9/2016 09:58 | Morning TU, nice one and well done. It's the first time i've read Mpet's latest SEC in full and it appears obvious that they would consider offers as they're still short on cash and HH doesn't fit their long term strategy in the LNG business. If a major wants in, then initially it would seem the most obvious route......one to watch. Gl ;-) ps i'm expecting a BIG Q4 for Ukog and Alba for that matter, as news rolls in on HH, BB and Brockham. All the best;-) | ![]() moneymunch | |
24/9/2016 09:55 | Ps the amount of free production oil from each ewt is gonna put some money in ukog coffers..1 more liscences in weald2 more % from smaller fish3 more % from bigger fish1700 bopd x brent prices minimalUsing horisontal octopuss rigs 1700 x5 x7days p/w x upto 52 p/wThen theresIOWBBH WOODBROKHAM May have got carried away here lol... | ![]() theuniversal | |
24/9/2016 09:48 | Moneymunch hi fella hows you... not popping in here as much but do keep an eye out for yah posts. ..Ref: mpet yes i have read the last recent rns and conclude with you that they are still willing to part with some or maybe all of their 35% in HH... my logic is if they get millions of shares this could in theory be worth more than the whole of their stake in HH? ..i sold my shares in mpet in august above $6.30 made 14k and invested in here and 88e but will recommend others to keep an eye out for mpet as it has growth potential to expand with tellurian... $40 + easy 2020 I still recon a sneaky peak at the oip seismic free float upto ewt but they are obliged to stump up drilling rig costs for production... i may be wrongT.U. | ![]() theuniversal | |
24/9/2016 09:05 | So what was the most important part? (and it is only your opinion for what it is worth) I posted a short extract and a link. Up to readers as to making their own opinion and whether to read it or not. | beebong1 | |
24/9/2016 08:51 | ps beewrong, on the 14th September, you failed to post the most important segment from Mpet's SEC filing, and it's the first time i've read it in full. Gla holders, Mpet's 35% obviously still up for grabs for the right price. ;-) "However, the Company will continue to consider potential transactions on an opportunistic basis in light of the Company’s overall strategy and business plan." | ![]() moneymunch | |
24/9/2016 08:43 | Mpet open to offers....Gla holders ;-) | ![]() moneymunch | |
24/9/2016 08:27 | previously published on the 14th when it was published. Not content to post it again we get this twice in one post!! 3rd time lucky if you missed it so that is 4 times now. "Horse Hill. 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. Since the results of the HH-1 well have been very encouraging to date and the Company’s costs in relation to these licenses are 100% carried by HHDL, we are planning to await the results of the next flow test and appraisal program before making a decision about our long-term participation in these licenses. However, the Company will continue to consider potential transactions on an opportunistic basis in light of the Company’s overall strategy and business plan." | beebong1 | |
24/9/2016 07:34 | Mpet's 35% could be of interest to a UK Major with its own pipeline network, if Theresa May and the new UK Govt. paves the way for UK energy security for a new and independent UK Plc. Gla holders ;-) | ![]() moneymunch | |
24/9/2016 07:12 | Mpet's latest SEC Filing Annual Report - Still need cash - and as HH doesn't fit their LNG business strategy - Open to offers??? Gla ;-) United Kingdom Horse Hill. 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. Since the results of the HH-1 well have been very encouraging to date and the Company’s costs in relation to these licenses are 100% carried by HHDL, we are planning to await the results of the next flow test and appraisal program before making a decision about our long-term participation in these licenses. However, the Company will continue to consider potential transactions on an opportunistic basis in light of the Company’s overall strategy and business plan. As of June 30, 2016, our cash balance amounted to $1.7 million and the Company continues to experience liquidity constraints. We believe there is substantial doubt about the Company's ability to continue as a going concern. Because Tellurian's assets do not currently generate revenues, the combined company is also likely to experience liquidity constraints. However, we believe that upon the closing of the merger with Tellurian, the combined company will be better positioned to raise capital to fund the combined company's operations due to the attributes of Tellurian's business plan and management. Therefore, we believe that Magellan's ability to continue as a going concern in the short-term is subject to the closing of the merger with Tellurian. However, following the closing of the merger with Tellurian, the combined company may not be able to raise sufficient capital in a timely manner to fund the operations of the combined company. Should the merger with Tellurian not close, the Company will need to pursue other alternatives in order to continue as a going concern. With respect to the Company’s interests in the United Kingdom, the Company considered the following factors: i) the term of the main licenses in the central Weald Basin expiring in June 2016, ii) the pending litigation with Celtique Energie Weald Ltd (“Celtique&rdq 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. OUTLOOK FOR FISCAL YEAR 2017 Following the rationalization of the Company’s portfolio of assets during the fiscal year ended June 30, 2016, and assuming the closing of the merger with Tellurian during the fourth quarter of calendar year 2016, Magellan will become a comany primarily focused on the development of LNG projects in the US Gulf Coast. The HH-1 well and related licenses in the UK and the Company’s interests in NT/P82 will provide additional option value to the shareholders. NT/P82 may provide a more strategic fit with the combined company’s business considering the connection between NT/P82's large gas prospect and other LNG infrastructure in Northern Territory, Australia. United Kingdom Horse Hill. 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. Since the results of the HH-1 well have been very encouraging to date and the Company’s costs in relation to these licenses are 100% carried by HHDL, we are planning to await the results of the next flow test and appraisal program before making a decision about our long-term participation in these licenses. However, the Company will continue to consider potential transactions on an opportunistic basis in light of the Company’s overall strategy and business plan. | ![]() moneymunch | |
23/9/2016 22:22 | Evening Gismo, .....and well said Ray, new highs Q4.....gl ;-) | ![]() moneymunch | |
23/9/2016 14:29 | Afternoon moneymunch wherever you are. Still looking good here whatever the others say! Cheer up folks! | ![]() gismo | |
23/9/2016 14:20 | You dig the dirt, that isn't substance! | ![]() rayrac | |
23/9/2016 12:23 | PMS/PMT/PMDD? Not one post of any substance, thought or research. Yet another poster for the filter as adds the square root of FA to any board she visits. | beebong1 | |
23/9/2016 12:07 | This was from Tuesday. A spokesperson for the South Downs National Park Authority said: “The application was received today. The normal process if that the application will be checked to make sure all of the components are there. If they are, it will be up on the planning portal within 2 days. If not, we will need to go back to the applicant and ask them to supply any missing elements, which will take longer.” Either they have had to go back to BW for more information or it is taking ages to check. No news is normally good news lol ;o) | beebong1 | |
23/9/2016 09:51 | Winni's gonna come a cropper on this one!👉ㇿ | ![]() rayrac | |
22/9/2016 15:01 | Only just over $400k gross profit in it for the 2 Directors! SP (1.8p) x 30m - £120k = profit They probably tossed a coin to see which Director wrote the RNS lol It wouldn't have been the finance director; He didn't get any lol And yes I have read the RNS ;o) | beebong1 |
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