Uk Oil & Gas Share Discussion Threads

[rayrac] 26/10/2016 13:26

And Heathrow won't do it!💤🦃;

[rayrac] 26/10/2016 13:11

Chart looks painful! Needs something really big to turn it up?

[football] 25/10/2016 11:02

Heathrow airport expansion 'approved by ministers'





must be good news for UKOG as we can have a nodding donkeys at the end of the Gatwick runway now

[beebong1] 24/10/2016 17:16

www.bbc.co.uk/iplayer/episode/b07y9dv8/south-today-weekend-news-23102016

Markwells Wood

expires in 1 hour

[beebong1] 24/10/2016 17:12

from poster on lse

HH and Brockham applicationsToday 14:47Just called the planning dept.

Horsehill planning application submitted but council have requested more documents and are awaiting them.

They will then post a Council Notice on gates at HorseHill.

Brockham..counsil have had talks about Preliminary application but Nothing has been submitted yet :)

[beebong1] 24/10/2016 14:20

A "RNS is no more than that, a non binding intention" says someone who should know better.

All this time we have been had by BOD's pulling the wool over our eyes.

Perhaps we don't have 6% of Angus or EA permit or planning permission for Brockham after all!!!

[beebong1] 24/10/2016 14:02

data.parliament.uk/writtenevidence/committeeevidence.svc/evidencedocument/business-innovation-and-skills-committee/industrial-strategy/written/38998.html

Good news for ukogoers and here is one of the highlights

"34) More recently, EY carried out a similar assessment of the potential of oil production from the Kimmeridge Limestone in the South East of England. Over the next 40 years, oil production from the Kimmeridge Limestone could provide up to £21 billion of economic activity in the supply chain,[19] together with peak job creation of up to 49,000.[20] Successful flow-testing of the Kimmeridge Limestone oil play took place earlier this year."

loads more if you want to read the full submission.

[harrissen] 23/10/2016 06:46

Kimmeridge Limestone Projects Could Generate up to 5,600 jobs in the UK

by Andreas Exarheas


Rigzone Staff

Future Kimmeridge Limestone oil production projects over the UK’s Weald Basin could generate between approximately 1,000 to 5,600 jobs in the UK per year on average during their lifetime, according to a report from advisory services firm EY, which was commissioned by UK Oil & Gas Investments plc.

The report predicts that the gross value added to the UK economy as a result of the ventures could range from $10 billion (GBP 7.1 billion) to $74.6 billion (GBP 52.6 billion) and stated that future peak oil production from these projects could provide around 4 to 27 percent of the UK’s 2014 daily oil demand. Under a ‘low’ scenario, the report indicates that total production from the lifetime of the projects would be around 140 million barrels. This figure would rise to 560 million barrels in a ‘mid’ scenario, and 1.1 billion barrels in a ‘high’ scenario.

Peak oil production in the mid and high scenarios is around 170,000 and 330,000 barrels per day, according to the report, which states that its production scenarios are “conservative” and highlighted that the results of recent extended flow testing of Kimmeridge Limestone Oil were “far above expectations”.

Commenting on the potential benefits of Kimmeridge Limestone Oil on the UK economy, the EY report states:

"The development of Kimmeridge Limestone Oil in the Weald Basin, assuming it can be extracted from a development site at the volumes projected by UKOG, has the potential to generate significant economic value to the UK economy, partially off-set the decline in oil production from UK fields, support employment, and generate significant tax benefits to the exchequer.

"These benefits will be maximized via the development of a UK-based supply chain, and through a series of targeted policies and initiatives to appropriately mitigate potential barriers to development.

"Conceptual studies and oil in place estimates previously conducted suggest a significant opportunity for the UK to secure a proportion of its energy from the Weald Basin."

UKOG's Executive Chairman, Stephen Sanderson, commented in a company statement:

"This report confirms UKOG's view that the development of Kimmeridge Limestone oil in the Weald Basin can make a very significant contribution to the economy, employment and energy security of the UK.

“The report's conclusions are given credence by the recent results of the highly successful Kimmeridge Limestone flow tests at the Horse Hill-1 oil discovery. The tests demonstrate that significant volumes of high-quality light oil exists within the Kimmeridge Limestones and can flow naturally to surface at commercial rates.

“The unexpectedly high aggregate flow rate of over 1,365 barrels per day from Horse Hill's two Kimmeridge Limestones far exceeds the study's modelled peak flow rate of 400 bopd per horizontal well. It is, therefore, possible that the overall economic impact of Kimmeridge Limestone oil could be significantly higher than this initial report describes."

EY's analysis builds on the successful oil flow tests from the Kimmeridge Limestones at the Horse Hill-1 oil discovery and utilized the company's internal assumptions on production rates for a multiple horizontal well production site, together with Xodus Group's conceptual multi-well site development study and Nutech's calculated oil in the ground and likely oil recovery factors. The assumptions on individual production well performance were made prior to the HH-1 flow test results, which were first announced Feb. 16.

The report is solely in relation to the potential extraction of oil from the two main Kimmeridge Limestones over the entire Weald Basin and is not an assessment of the company's own 11 individual license interests in the Weald.

In a separate statement released Monday, UKOG announced that it has acquired all of Angus Energy Holdings UK Limited's remaining 7.8 percent interest in onshore Weald Basin licenses PEDL137 and PEDL246.

As a result of the deal, which cost UKOG $2.5 million (GBP 1.8 million), the company has increased its net working interest in the licenses from 19.968 percent to 27.3% percent. The licenses, covering an area of 55 square miles, contain the new Horse Hill-1 Portland sandstone and Kimmeridge Limestone oil discoveries north of Gatwick Airport.

UKOG’s Executive Chairman, Stephen Sanderson, described the transaction as an “important and entirely logical step” for the energy firm in a company release.

"It provides us with a far more material interest in the exciting HH-1 Portland and Kimmeridge limestone oil discovery, and importantly, is part of our ongoing strategy to consolidate and expand our license position in the new and potentially significant Kimmeridge Limestone oil province,” said Sanderson in a UKOG statement.

“With our increased interest in Horse Hill we will be looking hard at translating the commercial flow rates seen from the Kimmeridge and Portland flow tests at Horse Hill-1 towards commercial production. To this end, further long-term production tests of all zones are now planned by the Horse Hill License holders within the next year, subject to regulatory approvals. These tests are planned to be followed, by a number of horizontal Kimmeridge Limestone side-track wells, 3D seismic and a new stand-alone Portland appraisal/development well,” he added.

[moneymunch] 22/10/2016 16:49

All permits in place for Brockham's sidetrack according to Ukog...."We understand that OGA consent to drill the Brockham side track has been obtained"......gla holders ;-)


Lidsey and Brockham Producing Oil Fields: Angus Energy Limited Angus Energy

UKOG has a 6% share ownership of Angus Energy, which operates and produces oil from both the Lidsey and Brockham oil fields in the Weald Basin.

The Brockham field is the closest analogous Portland sandstone producing oil field to the Horse Hill-1 Portland sandstone discovery.

Lidsey produces from the same Great Oolite limestone reservoir as UKOG's Horndean and Avington oil fields and the Markwells Wood and Baxter's Copse oil discoveries.

Angus Energy plans to drill a side -track at Brockham, possibly to test the Kimmeridge Limestones and a new well at Lidsey

We understand that OGA consent to drill the Brockham side track has been obtained.

[beebong1] 22/10/2016 16:25

moneymunch - 19 Sep 2016 - 08:32:11 - 5823 of 6199 UKOG strikes oil 2016 - UKOG
ALBA is now fully funded, permit approval for Brockham's sidetrack is imminent

Perhaps you should go digital. The EP is is stuck in a groove lol

No sign of planning acceptance or approval anywhere for Brockham.

If it's any consolation, even your mates on lse are not agreeing with you.

"I take a look.but ill tell you what,can't see Brockham starting this year."
"Oh.ok...only when I went up there a couple of weeks ago I didn't see anything going on.

Strange."

[funkmasterp12] 21/10/2016 14:50

Assuming that's moneymunch's deranged ramblings. Nice to see he's still consistent. Organised crime is a new one though. Surely that's libelous?

[beebong1] 21/10/2016 14:39

The toys have left the pram at ALBA!!! You really do have to laugh and it's only dropped about 2% on the day. Good job not in DOR as dropped over 30% on 200m trades yesterday. Today only 2m trades so something is going on there. Not sure I would take financial advice from this poster ;o)

Pmsl....Desperate Dan is a snide lowlife basher cohort. .....posting endlessly on a share he's not invested, telling everyone not to buy.....when potential transformational news is imminent. ....pmsl.....work it out......it's not rocket science......the snide manipulators don't want you invested for the imminent re-rate.....gla holders :')

Snide basher cohorts alert......they don't want you invested with a re-rate imminent on Rns news on Brockham and Greenland.......organised lowlife crime.....Big news coming, :-)

Probably more sinister than that ballistic, orchestrated snide basher cohorts determined to undermine and deter........a sure sign of any imminent re-rate......news on Brockham side-track and Greenland graphite gold update should do it......anytime now. Gl :-)

[funkmasterp12] 21/10/2016 14:15

That is truly tragic. So much for Brockham being such an opportunity.

It amazes me that people still buy into this rubbish. Literally.

[beebong1] 21/10/2016 14:02

GBP434,625.43 raised from Qualifying Shareholders, representing a 50.2% take up under the Open Offer.

Following admission to trading there will be 10,711,999,997 Ordinary Shares in issue.

Consolidation anyone?

85m were available to Directors.

DL took 30m. I work that out at about £10k's worth. Whoopee.

[temmujin] 21/10/2016 07:21

David Lenigas, Executive Chairman of Doriemus Plc, commented:

"This is an excellent result for a company that is quoted on the London ISDX
Growth Market and the board thanks all the shareholders who have taken up their
entitlements to the Company's Open Offer. All shareholders who requested
additional shares on top of their 3 for 10 entitlements have been been
allocated the additional shares requested as part of this Open Offer. The
Company is now well placed to fund its cash calls on the exciting and upcoming
Brockham sidetrack wel

[funkmasterp12] 21/10/2016 07:09

I see DOR could only get 50% of their open offer away. Pretty poor imo.

[moneymunch] 20/10/2016 20:16

This is what Stephen Sanderson wants to do for Horse Hill and David Linigas plans for Brockham...courtesy of DL ;-)))



One company hit pay dirt with a technological advancement that promises to propel the U.S. to energy superstar status.

Recently, energy company Encana (NYSE: ECA) completed a mind-blowing 51 wells on one pad site to drill gas from an entire canyon in Parachute, Colorado.

Think about this... Encana's pad site is 4.6 acres in size above surface. However, using its multi-well pad drilling technology, it was able to access a full square mile of underground resource.

That's 640 acres underground from a 4.6-acre above-ground pad site.

Apart from the pad site, the entire canyon remains green and untouched as if nothing is going on but the company will drill more gas from this site than it ever has from any previous well pad.

That's just one drilling site. With the Octopus, multiple buried wells can be accessed.

Once it was proven how powerful this technology is, major oil producers began quietly bypassing traditional drilling methods in favor of the Octopus. Last year, Devon Energy (NYSE: DVN) drilled 36 wells from a single pad site in the Marcellus.

The Octopus is quickly becoming the norm and for good reason..

[beebong1] 20/10/2016 17:51

Having studied Angus Energy PLC filings at Companies House it would appear that UKOG only have 4% of Angus Energy PLC.

beta.companieshouse.gov.uk/company/09616076/filing-history
29 Jun 2016 Annual return made up to 1 June 2016 with full list of shareholders

We now hold 12000000 shares out of 30000000

Since 2014 an increase in number of shares for "Angus Energy" has increased by 33.3%.

Paul Vonk 10%
JDA Consulting 20%
Michael Lakin 3.3%

appear to be the beneficiaries of these extra shares.

Edit
Having said that I seem to remember some confusion as to who we got the shares from. RNS said "UKOG acquires 6% of the Angus Energy under the terms of a share purchase agreement entered into today between UKOG and Stuart Kilnan." but Stuart Kilnan still has his 6%.
probably best to keep quiet about that topic.

[beebong1] 20/10/2016 15:23

IMO planning.surreycc.gov.uk/planappsearch.aspx only gets updated once a week so may have to wait another week to be able to see HH planning application unless Drill or Drop get it first.

[beebong1] 20/10/2016 14:41

Markwell's Wood
This is what happens when you place an add on twitter for a photo shoot!!

www.chichester.co.uk/news/water-supply-risk-protest-by-south-downs-national-park-residents-1-7636503

Water supply ‘risk’ protest by South Downs National Park residents

Concerns over possible water contamination at a proposed oil drilling site have been fuelled by an objection from a water company. Residents are concerned that acidisation and other techniques to be used at Markwells Wood in Stoughton could pose a risk to a major water source. But UK Oil and Gas (UKOG) insists there is no such risk to the aquifer and the dilute acid it would use is only ‘marginally stronger’ than toilet cleaners or other household products. An objection filed on Tuesday by Portsmouth Water outlined several potential issues with the exploratory well plans, including the need to demonstrate all chemicals used during drilling were non-hazardous. David Martin lives just 500 metres from the drilling site in the South Downs National Park. “Any risk to more than 300,000 people living off the water supply isn’t a risk worth taking,” he said. Residents have banded together to form the Markwells Wood Watch campaign group to oppose the drilling site, and the parish councils of Stoughton, Rowlands Castle, Elsted and Rogate have all submitted objections. Business-owner Fred Duncannon said he was concerned people would not want to visit the area if drilling went ahead, affecting his trade. “To have an oil well and all the additional traffic less than a kilometre down the road, it’s not the South Downs National Park that people imagine,” he said. A UKOG spokesperson confirmed the acidisation would only be acid cleaning and not matrix or fracture acidising, which affect the rock formation itself.
UKOG chief executive, Stephen Sanderson said: “We fully recognise the importance of the chalk aquifer as a drinking water source and as a responsible, transparent and locally-based organisation, UKOG would not countenance any operation that would harm it.” He added that only ‘naturally-occuring’ substances would be used during drilling. Portsmouth Water said it will review its position if UKOG addresses its objections with a revised groundwater risk assessment. UKOG said it will hold monthly meetings with two community representatives to address concerns. Don’t miss out on all the latest breaking news where you live.

[beebong1] 20/10/2016 14:08

Extra, extra, read all about it. No planning permission application found for Brockham and what I have just written is quite plausible unlike what some others have posted.

David Lenigas
‏@DavidLenigas
Great discussions with Angus Energy yesterday and plans for Brockham and Lindsey #oil fields in the #UK. Exciting times ahead. @DoriemusPlc

And yet no RNS. I wonder why?

[temmujin] 20/10/2016 11:39

buyers coming into ukog now...leaky news

[moneymunch] 20/10/2016 11:38

Lol and or Amitsoq graphite and gold... and the snide basher lowlife are all bashed out......they certainly tried hard to undermine and deter buyers of Alba , a sure sign of a significant rise North as they went in to desperate mode.....they don't want you invested. Gla holders...
Big news coming!!! :-)))