Uk Oil & Gas Share Discussion Threads

[beebong1] 17/10/2016 12:22

Objections are picking up at Markwell's Wood. 38 against 5 supporting.

This was over 4 months ago;

"The Company has commissioned the following independent external studies, which will be reported shortly:
- Nutech: a detailed analysis of the Oil in Place of the Kimmeridge section and deeper Jurassic within the 300 sq km Licence
- Assessment of the Gas in Place and potential recoverable volumes within the Portland accumulation proven by GB-1"

Considering it only took 4 months to update the Portland and confirm the Kimmeridge OIP at HH why the delay?

[mikeygit] 17/10/2016 11:53

Funk--yep agree--I used to be on Planning on our Parish Council and saw many apps. which we thought would go thru and ended up being refused. If this were---and unlikely---then UKOG would go to higher level and Govt would overrule any refusal IMO!!

[beebong1] 17/10/2016 11:45

Off topic

Delusions of grandeur here IMO. This is from DOR RNS this morning. DL obviously still thinks he runs UKOG!

"HHDL is a special purpose vehicle, which owns a 65% working interest and
operatorship of the Licence. UKOG now owns a 10% beneficial shareholding in
HHDL."

[funkmasterp12] 17/10/2016 10:01

There's no new news in the RNS though, in fact I would argue it introduces an element of risk as there's always a chance planning will be denied.

I don't personally think that'll be the case, but you never know.

[mikeygit] 17/10/2016 09:51

SP´s all round are down today but I would have thought with this mornings news we would at least have held our own. First time for months I am now in minus here. Short term I know but nevertheless-----

[mikeygit] 17/10/2016 09:08

Why do peeps always have to post an RNS when we can read it perfectly well on the Company site or from an alert??? seems pointless to me. But who am I to say?

[beebong1] 17/10/2016 08:25

If you had read the RNS you would have seen this;

"EA permission requested for drilling of B-4x sidetrack"

Unfortunately the EA register shows sweet FA.

[moneymunch] 17/10/2016 08:19

Starting pistol fired for next phase of Horse Hill oil field development

07:48 17 Oct 2016

The application is for a new, extended production test on the existing well - as well as a programme to drill two new wells.

The planning process is expected to take no longer than 120 days

The group of junior oilers advancing the Horse Hill discovery, near Gatwick airport, have applied for planning permission for a new phase of appraisal and development work.

The plan is to carry out a new long term production test on the Horse Hill 1 well, which previously flowed at a rate of 1,688 barrels of oil per day from four reservoir zones.

Assuming the test meets expectations it is anticipated that two news will be drilled at the site.

A deviated sidetrack, Horse Hill 1z, will be drilled out of the existing bore hole and after that comes the Horse Hill 2 well.

The programme is designed to confirm the discovery’s commericiality, examine a previously untested zone within Horse Hill’s Kimmeridge play and will provide the cornerstone of the field’s future development.

It is noted that the planning application doesn’t require a new Environmental Impact Assessment and the companies involved expect the planning approval process will takes approximately 13 weeks.

"This planning application, together with our recent Markwells Wood appraisal and development planning application, is firmly designed to move these assets into near term oil production and the monetisation of our core recoverable resources,” said Stephen Sanderson, executive chairman of UK Oil & Gas Investments Plc (LON:UKOG), the largest UK listed stakeholder with 31.2% of Horse Hill.

“It is also one of the next key steps in furthering our industry leading knowledge of the Kimmeridge limestone play that lies beneath our extensive acreage holding in the Weald.

He added: “We look forward to further engaging with stakeholders and to a successful planning outcome."

Solo Oil PLC is another of the London listed oil firms with interests in the project. It has a 6.5% interest in the venture.

Neil Ritson, Solo chairman, added: “This planning application is part of a multi-phase process designed to move the Horse Hill discovery into near term oil production and revenue generation.

“The data collected during the planned appraisal work will also have further impact on understanding the prospectivity of the HHDL licenses and the Weald Basin more generally."

[tmmalik] 17/10/2016 07:48

4p till Xmas time?

[moneymunch] 17/10/2016 07:28

Ukog are on a one way trajectory from small cap explorer to mid/major leading UK onshore oil produder........truly transformation upside potential ahead.

Gla holders Ukog has c £5m cash in the bank and all the HH players have recently raised funds for the next cash call on HH's extended flowtests....all fully funded with the prospect on near term production monetisation. On and Up!!! ;-)

[funkmasterp12] 17/10/2016 07:10

So a January placing then?

[moneymunch] 17/10/2016 07:06

Planning Application for Appraisal Programme
RNS Number : 6572M
UK Oil & Gas Investments PLC
17 October 2016


17 October 2016

UK Oil & Gas Investments PLC

("UKOG" or the "Company")



Horse Hill-1 Oil Discovery, Weald Basin, UK

Planning Application for Significant Appraisal Programme, UK Weald Basin



UK Oil & Gas Investments PLC (LSE AIM/ISDX: UKOG) announces that Horse Hill Developments Ltd ("HHDL") has informed the Company that a planning application has been submitted to Surrey County Council seeking permission to conduct further significant appraisal testing and drilling at the Horse Hill-1 ("HH-1") oil discovery, located in Licence PEDL137, close to Gatwick Airport. The HH-1 oil discovery achieved an aggregate stabilised flow rate of 1688 bopd from two Kimmeridge limestones plus the overlying Portland sandstone. The Company holds a 31.2% interest in PEDL137.

Subject to the required regulatory approvals, the first phase of the proposed development is planned to consist of the extended production testing of four zones, designed to confirm the commerciality of the discovery, and to examine a previously untested Kimmeridge limestone. The planning application also seeks permission for a two-well drilling phase, which contingent upon successful testing, will further appraise the extent of the oil accumulations and the field's production capabilities. The proposed drilling phase includes plans for a deviated sidetrack, HH-1z, to be drilled from the existing HH-1 borehole, together with a new well, Horse Hill-2 ("HH-2"). On completion of drilling, both the HH-1z and HH-2 are planned to be long-term production tested.

In order to minimise impact to the locality, feedback from both a public consultation and engagement process, undertaken in July, and subsequent meetings with local residents' representatives, was incorporated into the envisaged development design and planning application. The normal local planning authority cycle for an application not requiring an Environmental Impact Assessment such as at Horse Hill, takes approximately 13 weeks.

HHDL and the Company's Interest in the Licence

HHDL is a special purpose vehicle, which owns a 65% working interest and operatorship of the Licence. UKOG now owns a 48% beneficial shareholding in HHDL, which equates to a 31.2% net working interest in the Licences. The remaining 35% interest in the Licences is held by Magellan Petroleum (UK) Limited.



Stephen Sanderson, UKOG's Executive Chairman, commented:

"This planning application, together with our recent Markwells Wood appraisal and development planning application, is firmly designed to move these assets into near term oil production and the monetisation of our core recoverable resources. It is also one of the next key steps in furthering our industry leading knowledge of the Kimmeridge limestone play that lies beneath our extensive acreage holding in the Weald. We look forward to further engaging with stakeholders and to a successful planning outcome."

[moneymunch] 15/10/2016 07:50

All aboard!!! gla ;-)

Q5: Regarding the risk factors that you used to value Horse Hill, will the same ones be used to calculate a value for Brockham?

A5: Yes, good question really. I think the geology, given that it’s next door to Horse Hill, is believed to be very similar so I would think we’re going to use similar risk factors. Brockham itself is a production licence so you would think the development risks should be much less for Brockham than it is for Horse Hill because it should be easier, once you’ve actually discovered any further oil sources, to just add that to the existing production which they’ve been getting from that field so should be quite easy to do. Yes, I would have thought the development risk factor should be much less and also the oil value, maybe the recovery value might be a bit higher as well.

It’s quite interesting if you look on a Google map for where that Brockham project is, it looks like it’s just under about 200 metres away from a railway line so that gives them, if they do find oil when they drill, a development option. So instead of trucking oil off in trucks there’s maybe, if they find the real big discoveries, a potential maybe for having some sort of facility to link up to the railway line possibly, of course there’s also the option of having a pipeline but they would probably use that if they had a much bigger discovery, depends on what they find when they do the drilling there.

[rayrac] 14/10/2016 13:54

It just cannot hold it, can it cap'n? Money in the south of England holding it in check?

[beebong1] 14/10/2016 13:30

did you know; I didn't; Winning a mineral means making the mineral available or accessible to be removed from land.

[moneymunch] 14/10/2016 06:53

Boom time fast approaching.....gla ;-)

[moneymunch] 14/10/2016 06:50

British government sees future potential for shale oil

By Daniel J. Graeber
Oct. 13, 2016 at 9:04 AM

With the right experts and safeguards in place, shale oil has a future in the British energy mix, government agency says. Photo courtesy of U.K. Oil & Gas Investments

LONDON, Oct. 13 (UPI) -- Shale oil has a place in the British energy mix, but exploitation will require environmental safeguards and industry expertise, a government agency said.
The future of British energy is uncertain given the downturn in the global oil sector and maturation of fields in the North Sea. Oil & Gas U.K., the industry's lobbying group, said the North Sea oil sector is in for a long period of decline, with less than $1.4 billion in new spending expected in 2016.
The British Geological Survey, in coordination with the Oil and Gas Authority, said Thursday it completed a study of the shale reserves locked in the Weald basin in the southeast of the country. According to the study, the basin is estimated to hold about 1.1 billion barrels of shale oil, with no significant deposits of gas.
"Shale oil clearly has potential in Britain, but it will require geological and engineering expertise, investment, and protection of the environment," the BGS said in its report.
The BGS said it had no estimate of the amount of oil present in the Weald basin that could be extracted on a commercial basis. New drilling and well tests were needed to determine production rates.
U.K. Oil & Gas Investments commissioned Ernst & Young earlier this year to examine the future potential of oil production from the Weald shale basin. Inland shale, meanwhile, has the potential to add between $10 billion and $74.6 billion to the British economy in gross value, the commissioned report said.
Operators are working to assess the potential in the shale area by testing the Horse Hill-1 oil discovery. Preliminary estimates made by the company last year put the entire Horse Hill reserve total far greater than the BGS estimate. If its full potential is reached, the future production from the area could provide as much as a quarter of the nation's total oil demand over its lifespan, based on 2014 demand levels.
The field, locked in a geological formation called the Kimmeridge Limestone, is about three miles away from the Gatwick Airport, earning it the nickname Gatwick Gusher.
The government last week sided in favor of oil and gas companies, issuing a 600-page ruling that said shale natural gas work in the country was a national interest. There's enough shale natural gas in the country to help eat away at a reliance on foreign reserves.

[moneymunch] 13/10/2016 16:48

Nice one Beewrong, gla holders ;-)

[aimfollower] 13/10/2016 07:18

SharesMagazine UK fracking makes comeback
13th October 2016

[moneymunch] 12/10/2016 21:25

Let's see if GUN wants some more of Alba, i know i do....gla holders....Big news coming. ;-)

[beebong1] 12/10/2016 19:50

The drilling company behind the Broadford Bridge site has ruled out the possibility of fracking at Billingshurst.

A spokesman for UKOG told the Observer: “We do not need to frack, we don’t have a licence to frack and we have no intention ever of fracking on that site.”

He said the company was planning to begin drilling on the site next autumn at the earliest.

But he stressed: “We are not a fracking company and this is not shale gas.”

In the meantime objectors are mounting a campaign against plans by UKOG for an exploratory well at the Markwell’s Wood site in the parish of Stoughton.

They have formed the Markwell Wood Watch campaign group and are urging residents to object to the plan which has now been submitted to the South Downs National Park Authority. Stoughton, Rowlands Castle, Elsted and Rogate parish councils have objected.


www.midhurstandpetworth.co.uk/news/we-have-no-intention-of-fracking-at-broadford-bridge-says-ukog-1-7626134