Uk Oil & Gas Share Discussion Threads

[hazelst] 06/12/2016 11:27

Sounds like someone's short.

[beebong1] 06/12/2016 11:19

Just my opinion

HH £1m for testing?
Holmwood Up to £2m for drilling?
Broadford £2m + for drilling?
Consultants £1m +?
Professional service costs £1m +?
Directors fees £0.5m +?
cash in hand; will find out when finals published.

Placing of at least 100m at 1.3p before xmas?
Placing of at least 100m at 1.2p after xmas?

And peeps are buying now!!! Just goes to show where the term mug punter comes from.

[rayrac] 06/12/2016 10:47

Something stirring!

Strange the press haven't got into the potential of what this huge oil find means for the uk as whole...Perhaps they are afraid of upsetting their base following in the south of England?!

It's where the power lies you know! But so much for our press Barron's being for democracy. They don't have a democratic bone in their bodies and they live 'offshore' to avoid the nations taxes!

[hazelst] 06/12/2016 09:52

2p+ by Christmas, 2016 that is.

[datait] 06/12/2016 09:36

I am going to hazard a guess of us touching 1.65 today.

[datait] 06/12/2016 09:33

Market makers moving up into position for next rise up folks. Its time like this when we are close to getting news and mm's will know or have a good idea with what to expect so mm's will want you selling now on the way up, watch as steady buying will push this baby up very quickly.

[hazelst] 06/12/2016 09:20

A nice steady re-rate on the cards here after yesterday's superb news.

[datait] 06/12/2016 09:20

Very good and timing is good to buy in, now watch as many investors buy on the up trent.

This should catapult upwards easy.

[hazelst] 06/12/2016 09:17

Looking good!

[datait] 06/12/2016 09:06

Told you we are moving upwards and well over 3p, now watch as buyers start to buy back in on the move up.

You certainly dont want to be out of this over the next few months, we are going onto the spring board and will soon be into double figures.

Look back over the last oil cycle and you will see what im talking about.

[datait] 06/12/2016 09:00

Market makers all moving up keep an eye on this one folks, I see oil going upto 60$ this week.

Consolidation period is now over now we are moving on up.

[datait] 06/12/2016 08:38

December will be a good month for UKOG and come the start of January we will see this explode upwards.

[moneymunch] 06/12/2016 05:57

SMALL CAP IDEAS: Explorer behind 'Gatwick gusher' plans well that could turn Home Counties in oil hotspot

By Ian Lyall, Proactive Investors, For Thisismoney.co.uk

Published: 14:36, 5 December 2016 | Updated: 15:21, 5 December 2016

UK Oil & Gas Investments, which led the consortium that gave us the Horse Hill well, has outlined drilling plans that could help turn the southern Home Counties into a new hotspot for hydrocarbons.

Known as the Gatwick gusher because of its proximity to Britain’s second-largest airport, Horse Hill confounded the sceptics by producing crude in far greater quantities than had been expected.

Oil at a rate of 1,700 barrels a day came from three discrete layers in what’s called the Kimmeridge limestone.

That was far more than had been anticipated. The only problem was the testing lasted hours, rather than days or weeks.

While not going back to Horse Hill (just yet), UKOG plans to test what in the jargon is called an analogue. That’s an area with identical geological characteristics of Horse Hill.

And it is hoping to add credence to a theory that could utterly transform the understanding of the geology of a large swathe of England.

Over the last two to three decades around 30 wells have been drilled into the Kimmeridge limestones of the Weald Basin. The Kimmeridge rock of the Weald underlies the south and south-eastern corner of the country and was host to the Horse Hill crude.

However those 30 wells never tested for oil as the sedimentary rock was thought to lack the porosity required to host it.

What the experts suspect is the Kimmeridge at Horse Hill is naturally fractured, allowing oil to accumulate that when accessed flows easily to surface under its own steam.

If this model holds up then there would be no need for fracking to release this hydrocarbon bounty.

Sometime in the first-half of next year UKOG will move 11 miles along the road from Horse Hill to the PEDL234 licence area to drill the Broadford Bridge-1 well. It will test the same Kimmeridge limestones discovered at Horse Hill.

Success here would start to suggest our theorising geologists are indeed correct about the make-up of the Weald Basin and, specifically, the fractured rock model.

However UKOG probably won’t be the first cab off the block as a number of rivals are planning similar exploration programmes.

In fact there are six wells slated to be drilled on or around Horse Hill with one, Brockham, possibly getting underway before Christmas.

Owner Angus Energy will first go into the Portland sandstone, host to a known oil play, before then pushing on into the Kimmeridge.
One well at Brockham: The Angus Energy sidetrack will test the Kimmeridge reservoirs

One well at Brockham: The Angus Energy sidetrack will test the Kimmeridge reservoirs

There is no guarantee that Brockham will enjoy identical geology to Horse Hill – but there is a suspicion it does; well more than that. It is a hunch based on drilling carried out by BP, which used to own the Brockham licence.

One of Angus’ field partners, a firm called Doriemus, commissioned the consultant Nutech to make a comparative analysis of the Horse Hill-1 well and Brockham-1, sunk by BP in 1987.

It is too early to definitively assert this, but Angus believes the maturity and fracture analysis of the two have striking similarities.

The quantum of oil in the vicinity Gatwick could be mind boggling if the initial Horse Hill results are replicated with follow-up drilling.

The Kimmeridge reservoirs of PEDL234, for instance, are estimated to be host to 1.7bn barrels of the blacks stuff; Horse Hill itself may be host to up to 1billion barrels. Those two licences alone would be internationally significant.


Read more:

[datait] 05/12/2016 14:42

Watch this move up into the close folks

[moneymunch] 05/12/2016 11:27

Brent at $55 plus and maybe more to come with Russia and non-OPEC meeting this Thursday. ...perfect timing for confirmation of free flowing limestones at Brockham. Gl :')

[football] 05/12/2016 10:00

Rayrac I know of a cheap Portakabin going in Dublin where we can set up an office as a European headquarters and basically pay .00000001% tax just like Amazon, Google and Apple do

[rayrac] 05/12/2016 09:50

"Just remember what is above break even is not all profit. Even companies pay taxes!"

What a stupid desperate statement! Ever heard of offsets against past expenses and paying tax only on profits?!

You stupid boy

[beebong1] 05/12/2016 09:04

football
It was $40 break even a barrel for HH and reducing if producing in abundance. No figures have been given for BB.
Just remember what is above break even is not all profit. Even companies pay taxes!

[hazelst] 05/12/2016 08:49

Be careful shorts!

[mug3] 05/12/2016 08:47

I think they have lots of money.

[beebong1] 05/12/2016 08:42

With drilling and testing likely to cost about £2m they would want to get a placing away before the share price does it's usual slide on little real news or cash generation and before the finals are published IMO.