Uk Oil & Gas Share Discussion Threads

[beebong1] 01/10/2016 15:56

New planning application due for Horse Hill’s “Gatwick Gusher” oil site
BY RUTH HAYHURST ON OCTOBER 1, 2016 • ( 1 COMMENT )
The company behind the Horse Hill oil well near Gatwick in Surrey has confirmed it will submit a new planning application for the site in the next few weeks.


drillordrop.com/2016/10/01/new-planning-application-due-for-horse-hills-gatwick-gusher-oil-site/

Any representations must be made by 5 November 2016. This period does not replace any public consultation period when the application has been submitted and published.

[moneymunch] 01/10/2016 08:35

Europa boss Hugh Mackay is excited as Holmwood seeks to repeat Horse Hill's success

13:05 27 Sep 2016

Mackay said: "we feel that Horse Hill is a very relevant well, there is good technical read across and it is certainly making us feel better about the prospect of finding hydrocarbons at Holmwood."
tanker of crude oil produced from the Horse Hill well in England's Weald basin
Holmwood is just 12kms from the 'Gatwick Gusher' which yielded oil in testing

Europa Oil & Gas Plc (LON:EOG) chief executive Hugh Mackay has told Proactive Investors he is very excited about the Holmwood prospect, a Horse Hill lookalike in Southern England’s Weald basin.

Mackay’s comments come as the group has unlocked £600,000 from a divestment of a small stake in the Wressle field, another new onshore UK discovery. The cash is already earmarked for Holmwood, where drilling is planned for 2017.

Holmwood is just 12 kms due east of Horse Hill – or ‘Gatwick Gusher’ as some call it - and, according to the Europa boss, there’s reason to believe drilling next year could see a repeat success.

Those following developments in the weald closely were mindful of the follow on potential being presented to Europa’s Holmwood prospect as the Horse Hill programme advanced and eventually delivered breakout success.

By the time UKOG, Horse Hill’s largest stakeholder teamed up with Europa last June, the cat was well and truly out of the bag.

Mackay, in an interview with Proactive Investors’ Stocktube, talked through the potential for similarly between Horse Hill and Holmwood.

“We can see a lot of technical read across from the Horse Hill success to Holmwood,” Mackay said.

“And whilst we’re not going to adjust the prospective resources or the risks [ahead of drilling], we feel that Horse Hill is a very relevant well, there is good technical read across and it is certainly making us feel better about the prospect of finding hydrocarbons at Holmwood.

He emphasised an excitement at the possibility that success in the Kimmeridge targets – those proved by the Horse Hill breakthrough – could confirm that zone as a “missed pay” in the UK’s Weald basin.

It was Horse Hill’s Kimmeridge discovery that prompted a number of very large, headline grabbing estimates for the project. Third party analysis points to the potential for billions of barrels of oil to be in place through the basin, which spans a large portion of southern England.

More wells are needed to prove the extent of these resources, as well as the commercial case – though another result like Horse Hill will further quieten the sceptics.

[beebong1] 30/9/2016 10:45

Yep. 3.6% it is.

[moneymunch] 30/9/2016 09:54

Lol beewrong, Ukog interest at Brockham is via their 6% shareholding at Angus....Gla holders.....Onwards and Upwards for an exciting Q4 ahead. ;-)

[beebong1] 30/9/2016 08:52

I don't know why forwood bothered to update the asset table if you can't read it properly. 3.6% net of Brockham as Angus only own 60%.

[wisteria2] 30/9/2016 08:36

MM thanks, says so in the header!! gla

[moneymunch] 30/9/2016 08:32

No wisteria, only 6% interest via their shareholding in Angus Energy. gl ;-)

[liquidgold1] 30/9/2016 08:28

IOF about to take off, debt restructuring agreed

[wisteria2] 30/9/2016 07:36

thought ukog had 60 percent interest in brockham? gla

[moneymunch] 30/9/2016 06:59

Permit approval on Brockham's sidetrack must be very close. Gla ;-)



6 mins 30 secs in

As well as their 9.75% direct interest at Horse Hill, ALBA have a 5% direct interest in Brockham which will be drilled Q4. Drill will take 3-4 days then straight into production and revenue.

The light bulb moment can't be far off !

Oh then there's the Graphite Gold, nickel, platinum from alba's other prospects.

All for a 3 mill mcap.



David Lenigas July 2016

It'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.

[moneymunch] 30/9/2016 06:28

Nice one forwood, and Brent now at $49 plus......a BIG Q4 ahead. gl ;-)

[forwood] 29/9/2016 17:22

Header updated to show current state of assets

[moneymunch] 29/9/2016 08:12

Lol Ray and good news for Ukog and Alba et al on Brockham. :-)

Permit approval imminent imho....Significant upside more than likely. Gla holders ;-)

29/9/16

The operator, Angus Energy Limited (“Angus Energy”), has advised production from Brockham has been temporarily suspended pending a significant upgrade on its field surface facilities for continued long term production from the site and to prepare for new oil production from a planned sidetrack production well to be drilled before the end of 2016.

In addition to the abandonment of the well-bores, a side-track will be drilled to enhance production from the Portland sandstones and asses the hydrocarbon potential in the Kimmeridge limestone layers that have tested so successfully at the adjacent Horse Hill-1 well. Doriemus is optimistic of the oil potential of the Kimmeridge limestones at Brockham considering its close proximity to Horse Hill.

[blueteam] 29/9/2016 08:10

3p here we come.....(this year)

[rayrac] 29/9/2016 07:56

A good read mm! Let's not forget it.

[moneymunch] 28/9/2016 21:13

A potential BIG spike in oil on the horizon. ...the last thing the the HH oil bashers want......pmsl.....gla holders, and BIG news coming....:-))))

[moneymunch] 28/9/2016 20:48

ps make that a VERY BIG Q4....Gla holders ;-)))

[moneymunch] 28/9/2016 20:43

OPEC agreed to cut production for the first time in eight years, according to a delegate briefed on the matter, sending oil prices more than 6 percent higher as Saudi Arabia and Iran wrong-footed traders who expected a continuation of the pump-at-will policy the group adopted in 2014.

In two days of round-the-clock talks in Algiers, the group agreed to drop production to 32.5 million barrels a day, the delegate said, asking not to be named because the decision isn’t yet public. That’s nearly 750,000 barrels a day less than it pumped in August.

The deal will reverberate beyond the Organization of Petroleum Exporting Countries. It will brighten the prospects for the energy industry, from giants like Exxon Mobil Corp. to small U.S. shale firms, and boost the economies of oil-rich countries such as Russia and Saudi Arabia. For consumers, however, it will mean higher prices at the pump.

"The cut is clearly bullish," said Mike Wittner, head of oil-market research at Societe Generale SA in New York. "What’s much more important is that the Saudis appear to be returning to a period of market management."

The agreement also signals a new phase in relations between Saudi Arabia and Iran, which have clashed on oil policy since 2014 and are backing opposite sides in civil wars in Syria and Yemen. The deal indicates that Riyadh and Tehran, with the mediation of Russia, Algeria and Qatar, were able to overcome the differences that sunk another proposal to cap production earlier this year.

Brent crude surged as much as 6.5 percent to $48.96 a barrel in London. The shares of Exxon Mobil, the world’s largest publicly listed oil company, climbed 4.2 percent, the biggest one-day increase since February.
High Stakes

The stakes for OPEC, which pumps 40 percent of the world’s oil, are high as the International Energy Agency has warned of a weak petroleum market next year. Ian Taylor, the head of Vitol Group BV, the world’s largest oil-trading house, said that the crude market could remain oversupplied until 2018 unless producing countries stop flooding the market.

“I cannot see a good reason for a major increase in the price of oil” since the market remains “way oversupplied,” Taylor told a Bloomberg conference in London.

As OPEC agreed to limit its output, Russia smashed a post-Soviet oil-supply record, pumping 11.1 million barrels a day in September, up 400,000 from August, according to preliminary estimates. Russia participated in the Algiers talks, but it’s not party to the OPEC deal.

[moneymunch] 28/9/2016 16:15

A BIG Q4 ahead. Gl ;-)

[uxbridgearms] 28/9/2016 13:48

This reserve report is taking some time.

[beebong1] 28/9/2016 09:52

The fact that SS only bought 5 or 10m at 0.4p speaks volumes when JB went for his full 25m @ 0.4p by the looks of it. (trading in such shares will commence on or around 29 September 2016.) Looks like they are already in share issue.

[moneymunch] 28/9/2016 08:18

Lol he's entitled as part of his employment package, andis worth every one and can have as many as he likes if his plans for Ukog come to fruition. Gla :-)