Uk Oil & Gas Share Discussion Threads

[moneymunch] 01/12/2016 19:54

Oil prices have reached their highest level in a year amid hopes in financial markets that the Opec cartel will make a deal to curb crude production stick.

The cost of a barrel of Brent crude rose by more than $2 to just over $54 a barrel as the rally that greeted news of an agreement reached by producing nations in Vienna extended into a second day.

Sam Wahab, director of oil and gas research at Cantor Fitzgerald Europe, said: “WednesdayR17;s] agreement has truly changed the landscape for oil over the coming years, putting a floor of $50 a barrel under oil prices.

“It means 2017 will likely see prices around the $55-$60 a barrel mark, and we may yet see further jumps in prices as soon as next week if the non-Opec members also agree a production cut at their meeting on Friday 9 December.”

[beebong1] 01/12/2016 18:07

I see the idiots are out in force!!! Another bb ruined.

mycouncil.surreycc.gov.uk/ieListDocuments.aspx?CId=122&MId=4324&Ver=4

7.
MINERALS/WASTE MO/2016/0981 - Land at Bury Hill Wood, off Coldharbour Lane, Holmwood, Surrey RH5 6HN pdf icon PDF 332 KB

Details of a Light Management Plan submitted pursuant to Condition 11 of appeal decision APP/B3600/A/11/2166561 dated 7 August 2015.

Additional documents:
Item 7 - Land at Bury Hill Wood, Coldharbour Lane, Holmwood , item 7. pdf icon PDF 2 MB
Item 7 - Holmwood Lighting units , item 7. pdf icon PDF 235 KB
Item 7 - Plan 1 Bury Hill Wood 2016-0981 , item 7. pdf icon PDF 117 KB
Item 7 - Plan 0277 1300 001 A , item 7. pdf icon PDF 237 KB

Could be illuminating!

[datait] 01/12/2016 17:34

$80 dollars before year end.

[datait] 01/12/2016 17:34

I said at $46 it will quickly rise to over $50 and now It will be over $60 in days.

[temmujin] 01/12/2016 12:57

brockham rumour? alot of buying and oil flying...coldest winter coming since 1963..seems the perfect storm brewing

[moneymunch] 01/12/2016 05:55

Ps the Mpet/Celtique deal was effective from 16th June but the 142m Ukog's shares weren't admitted to Aim until 10th August, and so the 6 month lock in takes us to Febuary 2017.......in which case Ukog looks totally over sold and the current share price looks like an absolute steel, unless of course the drop is connected to the value of Mpet's 35% HH interest????............anyway, expect a stampede for Ukog and HH players shares on free flowing Brockham limestones.......Brent surging to $52 plus, the icing on the sidetrack Christmas cake and undoubted added value to HH's planned EWT's.....gla :-)

[moneymunch] 01/12/2016 05:07

$52.37 and rising , the icing on the sidetrack Christmas cake. Gla ;-)

[moneymunch] 30/11/2016 20:57

Just a coincidence???? No doubt the recent fall in share price is partly due to the expected timing of permit approval and HH's ewt's, but another factor could be the c147.2m Ukog shares that were used to acquire Pedl234 from Mpet and Celtique. The shares had a 6 months lock-in period from 13/6/16, which means if Mpet and Celtique were planning to cash them in, we know that Mpet is still desperate for cash and no doubt Celtique as well, the MM's et al are going to make sure they're not going to get top dollar........the timing is also interesting in that Mpet's merger with Tellurian should be completed very soon, and if they're thinking of off loading their 35% interest at HH, then the market value will be a lot lower and more affordable for any prospective buyer if commensurate to Ukog's share price ......Gla ;-)

( HOUSTON – 28 November 2016 – Tellurian Investments Inc. (“Tellurian221;) announced today that GE Oil & Gas has made a $25 million preferred equity investment in Tellurian which has an implied Tellurian Investment Inc. Common Stock value of $5.94 per share.

Tellurian President and CEO Meg Gentle said, “This investment represents another step forward in the development of Driftwood LNG, where we are working together with GE to design the lowest cost liquefaction for the global market. GE Oil & Gas has provided technology for LNG facilities worldwide for over 25 years and is a pioneer in innovation and a leader in reliability. We look forward to a long and beneficial partnership with the GE team.”

Driftwood LNG is in the engineering design and pre-filing phase of the project. The Federal Energy Regulatory Commission (FERC) approved Driftwood LNG’s pre-filing request on June 6, 2016. Tellurian expects construction on Driftwood LNG to begin in 2018 and the project to become operational in 2022.

Tellurian entered into a merger agreement with Magellan Petroleum Corporation (NASDAQ: MPET) on August 2, 2016, and expects the agreement to close in the fourth quarter this year.)

[datait] 30/11/2016 17:44

I did say yesterday that $50 was about to come back

[moneymunch] 30/11/2016 12:39

Brent at $51 plus.....a big spike on a deal for production cut more than likely ....perfect timing for free flowing limestones at Brockham and great for HH's planned EWT's. Gla ;-)

[funkmasterp12] 30/11/2016 11:48

Oil up 6%.

UKOG down 4%.

Can we please give up this pretense that the two are somehow linked.

[moneymunch] 30/11/2016 09:46

Oil on the bounce and pushing $50 , OPEC Meeting today, a big spike more than likely if they agree production cut......a great time for an imminent sidetrack and free flowing limestones. ;-)

[beebong1] 30/11/2016 08:54

Angus have already said they will "assess the hydrocarbon potential in the Kimmeridge Limestones and Corallian horizon".

The Corallian layer does not look as thick as the untested Kimmeridge. Only 0.3 MMBO/Sq. Mile OIP at HH.

[moneymunch] 30/11/2016 08:16

As well as the excitement in testing the Kimmeridge limestones at Brockham, the Corallion horizon could also be of great interest during the planned sidetrack, it's a shale layer with an upper and lower band of limestone/coral that lies between the oil saturated Kimmeridge interval and Oxford Clays......, another likely area that's naturally fractured that would allow the oil to accumulate. Gla Excitings times with transformational upside on free flowing limestones, which may include the Corallian. ;-)

[datait] 29/11/2016 20:20

What did I tell you ? the oil price will jump up unexpectedly and it did and this is just the start folks watch as it creeps up well over 50$

[moneymunch] 29/11/2016 12:57

OGA and HSE rubber stamp and box ticking imminent. It was the EA approval that was vital to proceedings. Gla...free flowing Brockham limestones will be good for all.;-)


"The Operator Angus Energy advised that the January 2016 production rate was 24 bopd before the well was shut in. Brockham production has been temporarily suspended to allow for significant upgrades to the production site in readiness for a planned sidetrack well designed to test the Portland sandstones and the Kimmeridge limestones shown to produce oil at the nearby Horse Hill - 1 well."

[moneymunch] 29/11/2016 12:48

Alba's flying, Greenland's treasure chest or Brockham's black liquid gold. .....significant upside in a blink... gla :-)