Uk Oil & Gas Share Discussion Threads

[garywood2] 10/11/2016 12:41

Beewrong.
The 214m is the total amount i.e it INCLUDES the 150m already owned.
Now redo your calcs

[beebong1] 10/11/2016 10:53

edit
deleted

[beebong1] 10/11/2016 10:44

Had a message from my mole on lse to look into the schedule-1 and Angus filings as there are some discrepancies.

Taken from Angus Energy PLC filing history

27 Oct 2016 Sub-division of shares on 13 October 2016

30,000,000 @ 0.01 now becomes 150,000,000 @ 0.002

Taken from Schedule-1
Ordinary Shares prior to Admission

Knowe Properties Limited 45,500,000
Jonathan Tidswell-Pretorius 39,500,000
JDA Consulting Limited 30,000,000
Paul Vonk 15,000,000
Stuart Kilnan 6,000,000
UK Oil & Gas Investments plc 6,000,000
Mike Lakin 5,000,000

Total 147,000,000

3,000,000 shares missing. I wonder who has them?

[beebong1] 10/11/2016 10:39

I think you will find mickey was talking about after close and before opening.

This is a clue "well after closing bell"

[moneymunch] 10/11/2016 10:36

Lol , do you actually hold any shares beewrong, in an on-line trading account? ??? The value of the portfolio is determined by the price of the last trade RECORDED at close.....FACT. ...and will change the next day depending on the price the first trades on opening. Gl :')

[beebong1] 10/11/2016 10:17

Not sure how accurate this is but guess it answers mickeys question. Better taking advice from independants IMO.

www.investopedia.com/ask/answers/139.asp

Why don't stocks begin trading at the previous day's closing price?

money.stackexchange.com/questions/3765/in-the-stock-market-why-is-the-open-price-value-never-the-same-as-previous-da

[datait] 10/11/2016 09:59

When do you think we will hear from planning ?

[lithological heterogeneities] 10/11/2016 09:37

Only 4 days to the listing.Should have a positive impact for UKOG.

[moneymunch] 10/11/2016 09:34

Mikey, I think you'll find its more likely the price of the last trade recorded at close and/or the price of the trade on opening the next day, obviously the prices will vary whether they are buys or sells without affecting the share price that the chart is indicating. Gl ;-)

[beebong1] 10/11/2016 09:10

mikeygit
If you check google and lse at night and again in the morning you will notice a change. They take into account good or bad news issued out of hours, after hours trading, RNS's and other factors. When the market opens that is the way they expect the share price to rise or fall.

[mikeygit] 10/11/2016 08:30

I think that all that is to be said about this oil field at The Weald has been said--and sometimes many times over. Until we get the next solid piece of news from any of the companies involved there is little else to say and we might as well wait until the New Year when--hopefully---things will really move on a pace?? One can say all the positive things that have happened in the past--here--but it aint going to make a jot of difference to the share price until we get the news we are all waiting for. GLA

[moneymunch] 10/11/2016 06:24

It was indeed.....but well worth the read.....gl ;-)

[mikeygit] 09/11/2016 22:18

Nice short piece then MM!!!???

[moneymunch] 09/11/2016 21:16

Horse Hill new oil drilling and testing plans published



UK Government planning flow chart

Today we publish an article BY RUTH HAYHURST

Ruth has gone in to great detail in this article covering Horse Hill – 1 planning documents, environmental issues and concerns. It is an excellent article and goes in to great detail about the 2016/17 programme in the Weald basin.

[effiert] 09/11/2016 16:19

guys HNR Going crazy into close. Jeez got to be a leak There.

[beebong1] 09/11/2016 16:17

Angus have sold some or all of their shares in RGM. I wonder if they are raising cash to pay bills. With POO at $45/46 I wonder if they will go ahead with admission as they sited low POO as reason for not listing last year.

[markycrispy] 09/11/2016 15:14

Mikeygit - if you sell someone has to buy - that's what makes the market - I feel like a nervous holder at these levels.Have seen it before with these toddlers that news has leaked out and a slow steady drip down occurs before Wham ! Bad news is released,Am not over exposed so not too worried but anything is still possible from here so just don't over commit

[mikeygit] 09/11/2016 13:42

I think it is a ´given´that all companies in the Weald consortium of companies will make money out of the oil down there--and a lot of money. One always hopes that given this, that relative share prices of our invested companies will likewise rise to give US a nice profit. What niggles and worries me is that at the back of my mind do I see all these companies with all its shareholders, is going to allow us to take our millions of shares out at any given time. Just suppose that when D-Day comes and all our share prices are at a price that we feel we want to sell at, we sell?? Imagine the amount of money being withdrawn from all the companies over a relatively short period of time. I have a very modest holding in ALBA DOR AND UKOG which COULD net me a tidy few thousand---but some having much greater holding than I and would stand to reap maybe 100´s of thousands. It concerns me that companies may foresee this and dilute the shares to a point that whilst we make a profit it will only be a fairly modest sum.
I may have got this entirely wrong but it would be interesting to hear others take on this and how it differs or matches my thoughts. Many of us are in new territory investment wise as I cannot remember a situation like this recently where many small companies are sitting on a BLACK goldmine!! With shareholders champing at the bit hoping for a fortune.

[moneymunch] 09/11/2016 12:06

Lol desperate snide cohort, it was a relevant well balanced view point made at the time of the announcement of Ukog's plans for the IoW, and is even more relevant today as drilling and development approaches this coming year on the IoW, which will undoubtedly happen..No fracking required!!! Gla holders. ;')

[beebong1] 09/11/2016 11:40

OMG
2015. Talk about dragging the dregs out of a barrel. MM must be getting desperate IMO if that is the best he can do. We are nearly in 2017 and they haven't set a date for Brockham yet!

[beebong1] 09/11/2016 11:38

Obviously the govt. do. They launch an initiative called "maximise economic recovery". Not one word of that indicates that it is UKCS or they would have called it "maximise economic recovery of the UKCS" IMO.
So I probably know more about what I am talking about than you do.
All these talks UKOG have had with PM office staff have not resulted in any initiative that benefits onshore UK drilling. The only initiative that has had any benefit for onshore drilling IMO is the one for shale gas and that was pre any discussions with PM office.

[moneymunch] 09/11/2016 11:12

Being open to oil and gas exploration on the Isle of Wight
Friday, April 24, 2015

The news that UK Oil and Gas Investments believe there are something like 116.5 million barrels of 'drill ready' oil has led to wildly inaccurate claims of fracking and poisoned groundwater, with little being said about what this kind of activity might actually mean to the Isle of Wight.

Firstly, there is a huge difference between 'drill ready oil' and hydraulic fracturing for shale gas. As a representative of the oil and gas industry, I'm in favour of both, but only after spending a lot of time in researching and understanding the implications - both positive and negative - on the local economy, landscape, and the well-being of those who live nearby. And it has to be said that in the short term, yes, there will be a certain amount of upheaval, but I would suggest it is unlikely to be any more, and probably less, than your average building site. In the longer term, the advantages, both on a national and a local scale, could be considerable and will outweigh the short term inconvenience.

Let's look at the national situation. The recent drop in oil price has been good news for the consumer - who hasn't been pleased at the prospect of lower petrol prices? - but actually there are serious implications not only to the oil industry - who have shed tens of thousands of jobs and reduced exploration as a result - but to the general public, and indeed to the environment. A report on Radio 4 yesterday (25th March) suggested that when the oil price is high, we are more careful in our consumption, but with a large reduction in petrol prices, we are being far more carefree in our use, rather than enjoying having the extra cash. The implications on the environment as a result are obvious, and the quicker we use up the current 'oil lake' created by the refusal by some countries to reduce production, the sooner the price will rise again in order to meet an increased demand.

Currently we are heavily reliant on imported oil and gas, particularly from Eastern Europe, and aside from the political implications, the cost is likely to rise steeply as global demand increases. The North Sea is now regarded as a 'mature' basin, and in the coming years, production will dwindle. The only way to maintain the energy requirement that we currently have in the UK is to look at a mix of energy sources, and until we have the technology in place to gain enough energy from wind or solar or any other renewables, we have to take a more balanced and inclusive view of oil and gas exploration in our own back yards.

The news release from UK Oil and Gas Investments also suggests there may be 197 billion cubic feet of gas available, again conventionally available (ie not requiring hydraulic fracturing). Gas (including shale gas) is a surprisingly clean fuel. Of all the fossil fuels it emits the least carbon, provides power stations with the highest level of reliability and generates affordable electricity. It is generally considered to be the bridge between our current reliance on oil, coal and other 'dirty' fuels and the renewable fuels which are likely to form an increasingly large percentage of our energy supply in the future.

On a local scale, there are naturally concerns about what it might mean in terms of disturbing the beautiful countryside in which we are privileged to live. However, the industry is getting better at working with local communities about what they plan to do. Any exploration involves Environmental Impact Assessments, required by government, and these have to be closely adhered to. This also covers other developments such as wind turbines, hydro-electric power and so on. Additionally, the prospects under discussion include areas of outstanding natural beauty, and, should they be considered appropriate for further exploration, the industry is heavily restricted in how they do it. As an example, Europe's largest producing oil field is under Poole Harbour, where the wells are 'hydraulically stimulated'- i.e. fracked, and the area is still a draw for tourism based on the beauty of the surrounding environment.

We live on an Island which is very beautiful, but which has high unemployment compared to the rest of the South East, and employment opportunities are limited, particularly for our young people. We should be open to the opportunities that new industry development would bring - opportunities for engineers, geoscientists, IT, building skills and much more. Yes, we need to be aware of the impact of exploration, but ultimately, we need the energy, and rather than focussing on the negative aspects, we should embrace this potential for injecting money into our local economy, and a more interesting employment future for our children.