Uk Oil & Gas Share Discussion Threads

[ibug] 01/3/2016 09:01

David Lenigas ‏@DavidLenigas 25m25 minutes ago


I think bloggers saying UKOG doing a placing are blowing smoke out their backsides!

[temmujin] 01/3/2016 08:55

The RNS is sensational ...Today 08:52what more could people ask for, we have oil gushing out from two test wells, with one to go, so two thirds have been successful to date. And with SS saying he now wants to press ahead with permissions for commerciality, I can't understand why people are not rejoicing in the streets. This is a major coup for the UK, and if all goes according to plan, will turbo boost the economy. As I said yesterday, of course there is likely to be a placing at some point, but what do you expect? If this company is to move forward, with solid foundations in place, then this is a good thing, not bad IMO. Opportunities such as this don't come along often, and I'm sure we will all be smiling a few years down the line, as there is so much more to come her with Ukog. The MM's are playing games, as has been happening for the past week or so, and we will probably get a rise this afternoon, but this is phenomenal news in my book :)

[c31161] 01/3/2016 08:54

Yeah I think this is a muted response from the market, difficult to understand why

[datait] 01/3/2016 08:54

Once the profit takers have dried up this will move up very fast.

[datait] 01/3/2016 08:53

ibug I think the Government will want to do this.

[ibug] 01/3/2016 08:52

UKOG will blaze a trail right across the Weald proving the 124 billion barrel concept right and cash in on this once in a lifetime oil bonanza.

[temmujin] 01/3/2016 08:52

stellar has hardly moved on this news...switched some over there

[datait] 01/3/2016 08:50

foot is back on the accelerator folks.

[ibug] 01/3/2016 08:48

With this sort of oil volume the company should be able to qualify for a large loan either from the government or financial institution for at least 25 million with deferred payments to develop the site to produce 12000-14000 bopd.


UKOG have incredible potential.

[moneymunch] 01/3/2016 08:45

Hopefully UK Oil & Gas Investments PLC's (UKOG) activities in the Weald
basin of south-east England have raised awareness of the potential for
significant tight oil production to help assist UK energy security.

If successful, the impact could be similar to that of shale gas. Following the drilling of UKOG's Horse Hill well in 2014, world renowned analysts Nutech estimated, in October last year, that there are 124 billion barrels of tight oil in the ground in a 1,261 sq mile area of the Weald.

Approximately 80 billion barrels are in Kimmeridge clay. The first extraction target lies within two limestones in the Kimmeridge, which Nutech calculate to contain 19.5 billion barrels of oil in the ground.

These are serious numbers from a serious business.

Ernst & Young (EY) will soon publish a study which assesses the potential
economic impact and benefits of tight oil extraction from these Kimmeridge
limestones. EY show that production could contribute between 4% and 27%
of the UK's current oil consumption with an associated total value contribution to the economy of £7 to £53 billion over the life of the project.

The Chancellor will be particularly interested to read that tax contributions
could be anything from £2-18 billion.

[datait] 01/3/2016 08:43

This is a great op to top up or even if your just buying in folks. This is huge and huge for Britain this oil find will clear our debts this is another 1977 find like the North Sea but better far better as there is far more oil and easier to extract. This time round we want be giving it away like we did before we are much more in the know and will put this to good use, the Government will want to get this up and running asap they have the power to fast track and they will.

[moneymunch] 01/3/2016 08:40

Another update from the Upper Limestone tomorrow, more than likely as we saw with the Lower ( two updates ) and then the flowtest data on the Portland Discovery, which will allow Ernst and Young to complete their study/report in time for SS's meeting with the PM at No. 10.......fast track to full oil production on the agenda.....gla.....hold on tight, as this is going to rise and rise....;-)))

[datait] 01/3/2016 08:40

Should be all over the news today lunch time defo

[ibug] 01/3/2016 08:39

BANG ON THE MONEY----looks set for a sharp rebound.

[datait] 01/3/2016 08:32

market makers starting to fill orders so watch the rise folks.

[datait] 01/3/2016 08:29

Then wooooooooooosh back up it goes.

[datait] 01/3/2016 08:29

This is how they catch shorters out aswell as they think its only sellers.

[datait] 01/3/2016 08:28

market makers are just wanting sellers for now lol

[datait] 01/3/2016 08:27

cant buy online

[wisteria2] 01/3/2016 08:26

Maybe datit< but might just fill the Gap!! on this am mark up!!!

[ibug] 01/3/2016 08:26

Selling cycle starting to close off as profit taking starts to end.

[datait] 01/3/2016 08:25

The daftys that sold will find it hard to buy back in now lol

[datait] 01/3/2016 08:24

Ok this is the bottom folks its onwards and upwards again.