Uk Oil & Gas Share Discussion Threads

[beebong1] 12/10/2016 16:13

"Gunsynd (AIM: GUN, ISDX: GUN) announces that it has raised £300,000, gross of expenses, through the issue of 545,454,545 new shares of 0.01p each in the Company ("Placing Shares") at a placing price of 0.055 pence per share with certain private investors ("the "Placing"). This Placing is to raise funds to assist in progressing possible investment opportunities that the company is currently looking at."

Could be interesting to see who has bought nearly 1/3 of total issue when they get on the market.

[beebong1] 12/10/2016 12:22

Shareholders fight back?

Customer Details
Name: Mr Tony Seaton
Address: Barleycorn, Rownhams Lane, Southampton So16 8ap
Comment Details
Commenter Type: Member of the Public
Stance: Customer made comments in support of the Planning Application
Comment Reasons:
Comment:I fully SUPPORT the application to progress the exploration and extraction of hydrocarbons at this site.
This oil find is hugely important to the UK economics and the balance of payments
This oil find is important to the regional economy providing jobs and potentially giving money to the local community This oil find is hugely important to our fuel security. Reducing the risk of shortages should there be trouble in other parts of the world.
This oil find will reduce the need to transport oil thousands of miles to the uk. Reducing global transportation.
This oil find is safer for oil workers than working in the North Sea, traveling relatively short distances rather than long distances by helicopter.
Whilst I accept there will be some visual impact and disruption, much of that will be short term and
is probably less than the impact of building 100 new homes. The economics and national
importance of this site massively out weigh disruption. The highways movements are similar to a
large farm.
This site is not a fracking site. It should be assessed for what it is, not what protestors claim it
might be. No conditions or planning processes should be added beyond what this planning
application is actually for.
The national park is an area of protection, not a museum. People need to live, work play and the area needs to be economically viable. They even need to heat & light their homes. Oil is part of that equation. To heat and light a home using un-subsidized wind power would cost a typical home £5000 per year. It would also require huge numbers of wind turbines and power storage plants requiring minerals to be mined. It still would not be flexible enough to do without hydrocarbon backup systems.
Hydro carbons are also an essential mineral in the manufacture of many products. You could not practice modern medicine without products made from oil.
The oil is where it is, and has to be extracted with the least impact to the environment weighted against its national importance.
I trust the SDNP will follow NPPF and come to a sound decision. Protecting the enviroment ,our fuel security and our economics.

[beebong1] 12/10/2016 10:30

"Doriemus PLC (ISDX: DOR), the London quoted UK focused oil and gas exploration
and production investment company, announces that, once the ongoing Open Offer
to Shareholders has completed, the Company intends to commence the process of
applying for admission of the Company's ordinary shares to the standard segment
of the Official List and to trading on the main market for listed securities of
the London Stock Exchange."

Hardly AIM. One day you may actually read what is written instead of making up your own jackanories.

[funkmasterp12] 12/10/2016 09:54

"The funny (not ha ha) point is if there is a significant failure to take up the offer then that would not be good for the company as shareholders would be giving a vote of no confidence......"

Yep. I have to say I've rarely seen brokers stepping in to support open offers (or at least for it to be announced in this manner), I think the two go hand in hand personally.

What does that imply for UKOG's next fund raise?

[beebong1] 12/10/2016 09:47

"Doriemus has now secured support for over half of the Open Offer's potential
total GBP865,000 to be raised should Qualifying Shareholders elect not to take up
their entitlement to the Offer."
They have only sold about 1/2!!!! Says it all and time is running out.
Sold to the highest bidder!

Recommended latest time for requesting 4:30 p.m. on 12 October
withdrawal of Open Offer Entitlements and 2016
Excess CREST Open Offer Entitlements from CREST

Latest time for depositing Open Offer 3.00 p.m. on 14 October
Entitlements and Excess CREST Open Offer 2016
Entitlements in to CREST

Latest time and date for splitting of 3.00 p.m. on 14 October
Application Forms (to satisfy bona fide market 2016
claims only)

Latest time and date for receipt of completed 11.00 a.m. on 18 October
Application Forms, and payment in full under 2016
the Open Offer and settlement of relevant CREST
instructions (as appropriate)

Admission and commencement of dealings in Open 8.00 a.m. on 24 October
Offer Shares 2016

CREST members' accounts credited in respect of As soon as possible after
Open Offer Shares in uncertificated form 8.00 a.m. on 24 October
2016

[simon8] 12/10/2016 09:40

It's not really that unusual for the Co broker to stand behind such offers and agree to take any or part of any shortfall not taken up, can't see it being that funny! The funny (not ha ha) point is if there is a significant failure to take up the offer then that would not be good for the company as shareholders would be giving a vote of no confidence......

[funkmasterp12] 12/10/2016 09:33

DOR's RNS is hilarious. They have to get a broker to back their open offer? Can't be that much in demand then.

"I’m pleased to receive this strong financial support from the Optiva, the Company’s broker to take up to £250,000 of any shortfall that may result from the current Open Offer to shareholders."

I bet he isn't pleased...

[moneymunch] 12/10/2016 09:03

One of the reasons why they want to get back to Aim no doubt. Gl ;-)

[beebong1] 12/10/2016 08:55

They obviously can't sell all the open offer even at a 3 for 10 Open Offer.

[moneymunch] 12/10/2016 06:09

Up and coming. Gla ;-)

10/10/16 DOR's Rns

David Lenigas, Doriemus’s Executive Chairman, commented;

"I’m pleased to receive this strong financial support from the Optiva, the Company’s broker to take up to £250,000 of any shortfall that may result from the current Open Offer to shareholders. We have a number of very exciting oil projects on the horizon, with the up and coming Brockham side-track designed to test the Portland and Kimmeridge limestones only 4.5 miles from the Horse Hill oil discovery, the potential of a new well at Lidsey early next year, the long awaited extended flow testing work at Horse Hill and we are continually assessing further acquisitions in the UK oil and gas space.”

[moneymunch] 11/10/2016 21:36

DOR's Final Results from 26th June 2015 which confirms sidetrack application has already been submitted and accepted by the OGA..........news on Brockham's sidetrack anytime now. Gla holders....significant upside more than likely. ;-)

Brockham Oil Field (10% interest operated by Angus Energy): 26/6/15

The Brockham Oil Field ("Brockham"), in the Weald Basin, is held under UK
Production Licence PL235. The operator Angus Energy has advised average current
production rate of 28 bopd. Water cut is also stable. The operator advised this
is less than previously announced due to the suspension of regular well
interventions owing to current oil economics and the financial viability
thereof. However the operator further advises that they intend to improve rates
in future by side-tracking the one of the suspended wells.

Brockham's 28 degrees API oil is trucked and sold to the Fawley Oil Refinery in
southern England.

The planned new side-track infill production well at Brockham has been
engineered and designed and is a major element of a revised Field Development
Plan submitted to, and accepted by, the Oil and Gas Authority ("OGA"). The
Field Development Plan includes the proposed side-track, with the target of
increasing production by 150 bopd (gross) and accessing similar recoverable
volumes as the existing producing well.

[beebong1] 11/10/2016 17:27

Nice to know they ignore the SOUTH (predominantly Tory).

More dates to meet the fracking regulators
BY RUTH HAYHURST ON OCTOBER 11, 2016

Regulators of fracking have organised another 19 meetings to explain their role to people living in shale gas areas.

The sessions, between now and March 2017, are planned for north west England, the East Midlands and Yorkshire.

They are hosted by the Environment Agency, Health and Safety Executive, Oil and Gas Authority and Public Health England.

The organisers have described the sessions as informal drop-in events at which people can talk to staff from the organisations about who does what.

Some of the dates and most of the venues have yet to be confirmed. DrillOrDrop will update this post when details become available. The dates will also be included in DrillOrDrop’s Drilling Diary.

[harrissen] 11/10/2016 09:08

Oil Jumps as Putin Supports OPEC Deal

Date : 10/10/2016 @ 16:03


Source : Dow Jones News


By Kevin Baxter

Crude prices rose Monday after Russian President Vladimir Putin came out in support of international efforts to limit production, raising hopes for a coordinated effort to bring world oil supply and demand into balance.

U.S. crude for November delivery rose $1.66, or 3.3%, to $51.47 on the New York Mercantile Exchange. Brent, the global benchmark, rose $1.66, or 3.2%, to $53.59 on ICE Futures Europe.

Analysts expect the oil price to be volatile this week as energy companies and producers meet in Istanbul for the World Petroleum Congress. At the meeting, members of the Organization of the Petroleum Exporting Countries will try to persuade non-OPEC producers, such as Russia and Norway, to join them in tightening the taps that have flooded global markets with oil in recent years.

OPEC agreed in principle last month to reduce output to between 32.5 million barrels a day and 33 million barrels a day. That amounts to a cut of roughly 1% to 2% from record levels.

Mr. Putin told the energy conference in Istanbul that Russia "stands ready to join common efforts to limit production" and believes that freezing or reducing production is "the only way to save the stability of the energy sector." His comments were the clearest sign yet that Russia might participate in moves to cap output and boost prices.

"The market is thinking perhaps Russia is now inclined to support the OPEC agreement because the Russian economy is under stress at these low prices," said Andy Lipow, president of Lipow Oil Associates in Houston. "I think we're going to see the market react to a number of potentially competing headlines" in the coming weeks, he said.

Saudi Arabia's energy minister, Khalid al-Falih, said Monday that he is optimistic that major oil producers will agree to cut production by November and that it isn't "unthinkable" that oil prices could rise to $60 a barrel.

Crude prices have rallied since OPEC members came to their tentative agreement. But the rally sputtered Friday, with U.S. crude futures dropping back below $50 a barrel, amid persistent skepticism of the group's ability to follow through on its plans.

Meanwhile, fresh readings on the oil market are scheduled for release this week. OPEC will publish a monthly bulletin on Wednesday, and Paris-based watchdog the International Energy Agency will release its own on Thursday.

Analysts are bracing for volatile trading around these reports, especially if they indicate a sharp change in the outlook for global supplies.

Gasoline futures rose 2.53 cents, or 1.7%, to $1.5071 a gallon. Diesel futures rose 4.39 cents, or 2.8%, to $1.6232 a gallon.


(END) Dow Jones Newswires

[moneymunch] 11/10/2016 06:50

Ps and the UK could become a net exporter of gas and oil if the Northern shale gas and Southern shale oil is proved up, providing billions and billions of £'s revenue. gl ;-)

[moneymunch] 11/10/2016 06:48

Lol Ray, i have the opposite view but time will tell....so far so good, and a weak pound means more £'s for the Weald players when they sell the oil in $'s, not too mention the potential re-birth of the UK's manufacturing industries/exporters which will all help to reduce the deficit and balance of payments. Gl On and Up!!! ;-)

[rayrac] 10/10/2016 23:26

Is the price of oil being helped by a v weak £? In other words, it's quite weak outside the UK and therefore shouldn't be taken into consideration when looking at our oil co's big or small?

All down to Brexit.....where a small majority thinks we can survive on our own. Five years from now we will maybe know the answer...probably a bad one as regards prosperity and stability! Unless of course, we can rely on the Chinese, Australian and third world economies to bale us out!!

A weak £ is saying we can't.

[moneymunch] 10/10/2016 19:01

which suggests that permit approval for Brockham's side track is more a formality and straightforward, given its established production status, and perhaps a timely update from Surrey County Council. Gla ;-)

[moneymunch] 10/10/2016 18:46

Oil and Gas Development in Surrey. Q & A October 2016





What is happening in and around Surrey?

Since the 1950s, conventional oil and gas exploration and appraisal has occurred fairly widely across the southern part of Surrey . Limited quantities of conventional hydrocarbons are currently produced to the south of the North Downs.

There are two operational sites producing oil: Felton’s Farm, Brockham and Palmers Wood Oilfield,
Godstone. In addition, the Albury wellsite has permission to produce liquid natural gas using conventional methods

14
.
Some exploration and appraisal work is continuing
.
Exploration drilling at Horse Hill, near Hookwood, Horley is now complete with the rig removed whilst an assessment is made following a confirmed oil discovery. Next steps will be to undertake further
appraisal to ascertain if the oil can be economically exploited. This will involve a further planning application which is expected to be submitted in October 2016.
.

[moneymunch] 10/10/2016 18:12

Surrey County Council 10/10/16



Annex 1
RESPONSE TO PETITION CONCERNING STOPPING ALL UNCOVENTIONAL AND
INVASIVE TECHNIQUES INCLUDING HIGH VOLUME HYDRAULIC FRACTURING IN
SURREY



I must emphasise that all oil and gas exploration and appraisal in Surrey is for conventional oil and gas. There is no fracking for shale gas or oil taking place or proposed in Surrey. The British Geological Survey estimates that there is unlikely to be shale gas in the Weald Basin, only shale oil. It is therefore unlikely that any proposals for fracking will come forward in Surrey in the foreseeable future.

[moneymunch] 10/10/2016 17:51

Brent at $53 plus ......gla ;-)

[mikeygit] 10/10/2016 17:29

Always Glass half empty merchants---how many times do they have to be told that there is going to be no fracking??? They would be the first to have a go at the Govt if they had no petrol for their 4x4´s!!!

[beebong1] 10/10/2016 16:43

Unfortunately it's the same on a bb!!! No matter how many sane there are it is always the nutters that get heard IMO.

New ‘fracking̵7; concerns for campaigners at Broadford Bridge

Keep Billingshurst Frack Free at the site at Broadford Bridge (photo submitted). 14:54Monday 10 October 2016
Anti fracking campaigners are keeping a close eye on the Broadford Bridge drilling site at Billingshurst following the government’s landmark ruling for the oil and gas industry that horizontal fracking can go ahead on a Cuadrilla site in Lancashire. A spokesman for Keep Billingshurst Frack Free said: “This site is ready to go, so it’s whenever the rigs turn up really, and we are keeping a very close eye on it. The government’s ruling makes us all the more concerned. “We are very worried because UKOG say it’s not fracking but they are talking to their investors about shale oil and gas. “We understand they will be drilling down to the shale bearing formations during this exploration phase at Broadford Bridge. This is not the development stage, which comes later in the planning process. This is the ‘creeping̵7; method we are seeing used by the industry up and down the country – they ‘just want to see what’s down there’ then announce they’ve found shale oil or gas-bearing formations.” Celtique Energie gained planning permission for conventional drilling at the site. Although it was prepared, the well was not drilled as Celtique and its partners Magellan Petroleum UK became locked in a bitter legal dispute about funding the well. The Broadford Bridge site was part of PEDL 234, for which Celtique was granted a licence for exploration from the Oil and Gas Authority in 2008. It was due to expire on June 30 this year. But four months ago UK Oil & Gas Investments PLC (UKOG) announced it was paying £3.5m to buy the whole of PEDL 234. The deal, including the Broadford Bridge site, was conditional on the OGA extending the initial term of the licence for at least one year to allow the well to be drilled. The OGA has now extended the licence for another two years. Campaigners from Keep Kirdford and Wisborough Green (KKWG) which successfully opposed exploratory drilling plans from Celtique in 2014 and Keep Billinghursst Frack Free have mounted a legal challenge to the extension saying it would be inappropriate for UKOG to be ‘singled out for preferential treatment’. The group is seeking a judicial review and calling for the extension to be quashed. Communities secretary Sajid Javid approved plans, on Thursday (October 6), for fracking at a Cuadrilla site in Lancashire. It means, for the first time, UK shale rock will be fracked horizontally, which is expected to yield more gas. Anit fracking campaigners believe the decision could have implications around the country.

[beebong1] 10/10/2016 09:55

UKOG set to rise to 2.5p so traders should go long, Zak Mir says

09:43 10 Oct 2016
Chartist Zak Mir sees an opportunity for a trade in the shares of UK Oil & Gas Investment Plc (LON:UKOG).

Mir, the ‘King of Charts’, in a TIP TV segment for Proactive Investors is expecting to soon see a ‘golden cross’ buy signal, and he reckons the price can rise from current levels (1.75p) to around 2.5p per share.

“What technical people will be enjoying at the moment is the way we’ve got both the 50-day and 200-day moving average rising,” the technical analyst says.

“They’re both rising and they’ll probably deliver a golden cross buy signal over the next couple of weeks.

“So that would be a decent technical reason to go long.”