Uk Oil & Gas Share Discussion Threads

[beebong1] 28/9/2016 08:12

"Stephen Sanderson and Jason Berry, hold fully vested options over 25,000,000 and 10,000,000 ordinary shares each (total options held by directors is 35,000,000) which are exercisable at 0.4p and 1.15p each up until 31 December 2017, and 22 August 2019, respectively"

By my calculations the figures do not add up. They took 30m between them a few weeks ago which would have left 40m. Now they are saying they only have 35m existing options between them.
Anyone else care to do the maths!

[funkmasterp12] 28/9/2016 07:59

Or why not just buy the shares now...

[football] 28/9/2016 07:30

FP12 when do any of them put there hands in there own pockets when they can get them for free, only when someone puts out a profit warning they buy a few with there own money just to show they are not going to the wall

[funkmasterp12] 28/9/2016 07:07

So Stephen Sanderson will happily grant himself a load of options but still not open his wallet to buy any shares.Great example of leading by example, eh holders?

[moneymunch] 27/9/2016 19:10

Lol Ray, 4 dusters in a row was enough me for me at Trp......i would have made a million or two if Welwitschia-1 had of flowed like HH......i'm here for the long term, and look forward to Ukog becoming the leading Uk onshore oil producer...££££££'s gl ;-)

[beebong1] 27/9/2016 18:00

Markwell's key dates so far;

Application Received Date Tue 20 Sep 2016
Application Validated Date Tue 20 Sep 2016
Expiry Date Tue 18 Oct 2016
Statutory Expiry Date Tue 06 Dec 2016
Agreed Expiry Date Not Available
Decision Made Date Not Available
Permission Expiry Date Not Available
Decision Printed Date Not Available
Environmental Impact Assessment Received Not Available
Determination Deadline Tue 20 Dec 2016
Temporary Permission Expiry Date Not Available

[edjge2] 27/9/2016 13:08

drop to 1.75 tempted me

[beebong1] 27/9/2016 10:59

IMO Markwell's will a cash cow in the long run. All it needs is a break even point lower than the POO.

Cost of Phase 1 (Drilling and EWT) I don't think they will get a lot of change out of $3.5m.
Construction of EWT facilities 120 days
EWT of MW-1 sidetrack 6-12 months

Cost of Phase 2 (Drilling and Construction of production facilities) Could be anything up to $10m or over.
Drilling rig mobilisation 4 days
Drilling of water injection well 30 days
Drilling of MW-2, MW-3 and MW-4 140 days
Drilling rig demobilisation 4 days
Construction of production facilities 180 days
Production of hydrocarbons 20 years (add another 4 years IMO as they have asked for 25 years)

Phase 3
Workover rig mobilisation 2 days
Plugging and abandoning of wells and restoration of the Site to former use 38 days
Workover rig demobilisation 2 days

IMO payback for initial/Phase 2 costs will depend on how it is funded, POO and break even point IMO. After that it will all be long term profit.

[rayrac] 27/9/2016 09:31

Based on what DATAIT? More guessing?

Is mm still around? Or has he become disillusioned and ventured elsewhere...like he did at TRP!👉ㇿ9;🤕😱🆘👹🙈😡

[rayrac] 27/9/2016 09:25

There was someone talking about the huge amounts of oil in the Midlands, north of England and Scotland on radio 4 this am. All probably needing fracking. But no mention of the south of England or the Weald!

Now why would they omit the south?! Is there really no story to tell, or is it a political hot potato, not wanting to upset the richest part of the U.K. Population!

[datait] 27/9/2016 08:49

Watch this space folks we shall zip upwards in the coming days.

[beebong1] 27/9/2016 08:39

HOLMWOOD

"Europa’s Mackay, meanwhile, highlighted that the proceeds from the Wressle stake sale will be used to fund drilling on the Holmwood project, in south east England, close to the Horse Hill discovery in the vicinity of Gatwick airport.

Holmwood is rated by Mackay as ‘the best undrilled conventional prospect onshore UK’, and he noted that drilling is expected there in 2017 subject to securing permits and permissions.

Highlighting the depth of Europa’s portfolio, he added: “PEDL180 and 182 are just two of a portfolio of licences we hold.

“These include three UK onshore fields which in H1 produced 124 boepd net to Europa; PEDL143 containing the Holmwood prospect in the Weald Basin, which we rate as the best undrilled conventional prospect onshore UK; and seven licences offshore Ireland which we estimate to have gross mean un-risked prospective and indicative resources of more than 4 billion barrels of oil equivalent and 1.5 tcf of gas.”

Europa has a 40% stake in Holmwood, alongside partners which include Horse Hill driller UK Oil & Gas Investments Plc (LON:UKOG).

Pre-drill estimates put the exploration target at 5.6mln barrels, made in 2012, though that does not include the potential in the deeper plays that were confirmed in the Horse Hill well."

[mikeygit] 27/9/2016 08:09

Maybe the costs of getting ride of the water against production and oil revenue made NOP decide it was not worth it. But now a few years down the line and , no doubt, with more up to date technology it may be more economical---we shall see, but I do not see Markwells as being a game changer, maybe just a bonus??

[beebong1] 27/9/2016 08:09

drillordrop.com/2016/09/26/oil-production-plans-for-south-downs-national-park-open-for-comment/

have given a quick precis of what is in the planning documents.

[beebong1] 26/9/2016 18:41

Markwell's Wood

Should be a fairly easy decision as they have drilled there already. Main thing that has changed is Portsmouth Water plans for Havant Thicket Reservoir which is just on the other side of Rowlands castle.

1 HGV Movement per day = 200 bopd maximum (round figure)

[beebong1] 26/9/2016 18:21

121 documents make up the Markwell's planning application.

[mikeygit] 26/9/2016 18:18

NO chance of them getting in any time soon---so don´t worry. Knows little of what he is talking about anyway!!

[beebong1] 26/9/2016 17:25

And then you get the real loonies!

The shadow Energy and Climate Change Secretary confirmed this morning that the next Labour government would ban fracking.

Barry Gardiner told delegates at the Labour conference in Liverpool:

“Today I am announcing that a future Labour Government will ban fracking.”

[datait] 26/9/2016 16:57

Watch this space folks we are expecting very good news.

[moneymunch] 26/9/2016 13:24

On and Up, good news coming. :-)

[harrissen] 26/9/2016 13:05

Big 'buys' going through all morning and the brokers have upped the share price and paying over the odds for 'sells'!.

Looks like there is a leak from one or more of the councils involved!!

[wisteria2] 26/9/2016 12:29

SO WHAT peeping !!!! quick everyone sell up!! peeping dug something up!!
gla holders