Uk Oil & Gas Share Discussion Threads

[datait] 03/1/2017 09:32

Over 58$ for oil now folks looking very good.....stock piles rapidly reducing to push up the price of oil.

[datait] 03/1/2017 09:17

Oil price is now rapidly rising fast..... all oil stocks will follow. 60$ will be reached this week possibly today.

[12trading] 03/1/2017 08:46

Horse Hill explorers step up momentum as confidence grows
3rd January 2017

[rayrac] 29/12/2016 07:23

Mpet again mm!

[moneymunch] 28/12/2016 09:43

Get Surrey

Energy company drilling for oil at Horse Hill applies for variation to permit

The Environment Agency is seeking views from the community and interested groups following energy company Horse Hill Development Limited’s application

By Mark Edwards

09:00, 28 DEC 2016

A public consultation has been launched after an energy company exploring for oil near Gatwick Airport applied to the Environment Agency for a variation to its permit.

Horse Hill Development Limited has submitted an application to vary its existing mining waste permit to manage wastes arising from the drilling of two boreholes at the Horse Hill site.

The application includes a request to carry out an extended well test.

Horse Hill Developments is a purpose limited company vehicle formed to drill the Horse Hill-1 well and appraise and develop any hydrocarbons found.

The company began flow testing exploration at the site in February.

The Environment Agency said if any variation is granted, the company will need to adhere strictly to the conditions set out in the permits, adding that this will “ensure the local community and environment are protected.”

An Environment Agency spokesman said: “It is the role of the Environment Agency to ensure that the environment is safeguarded during exploration for oil and gas.

"With this in mind, we must ensure all relevant information is considered before we make a final decision.

“We are consulting on the permit application until February 2 2017 to ensure that we have fully considered all views before determining the application for the variation of the mining waste permit.

“I encourage members of the local community to let us know their thoughts.”

The oil drilling has faced fierce public opposition with five people arrested following a protest at the site.

[moneymunch] 21/12/2016 08:50

Hi Ray, probably this........which in around about way gives Total a stake in Mpet's 35% HH interest!!! Gl ;-)

Total Buys Tellurian's 23% Stake For $207 Mln To Develop Integrated Gas Project
December 20, 2016, 05:07:00 AM EDT By RTT News

Shutterstock photo

(RTTNews.com) - Total SA (TOT, TTA.L) announced Tuesday that it is acquiring about 23 percent of Tellurian Investments Inc. at $5.85 per share for an amount of $207 million.

Houston, Texas-based Tellurian is a private company developing natural gas liquefaction export projects.

With the acquisition, Total expects to develop an integrated gas project, from the acquisition of competitive gas production in the US to the delivery of LNG to international markets from the Driftwood LNG terminal.

Tellurian President and CEO Meg Gentle
said, "Total's investment materially strengthens Tellurian's position as a large infrastructure development company and is an important milestone in the growth of Tellurian's LNG business, including the Driftwood LNG project in Calcasieu Parish, Louisiana."

Read more:

[datait] 21/12/2016 08:23

Sudden spike soon I should think.

[rayrac] 21/12/2016 07:49

MPET, what's up doc?!

[uxbridgearms] 21/12/2016 00:52

He was highlighting the governments stance on the importance of finding our own resources.

[datait] 20/12/2016 15:45

Look at that told you the 1m buys would start there is a sure buyer out there buying 500,000 and 1m shares at a time.

[datait] 20/12/2016 15:05

The 500,000 and 1m buys will start soon folks the 500,000 buys have already started.

[nash81] 20/12/2016 13:43

nice write up

[datait] 20/12/2016 12:36

This is ready to move very quickly folks

[wisteria2] 20/12/2016 11:23

Looking good! oversold has been ukog when angs hit the paydirt both will rocket....gla holders

[forwood] 20/12/2016 10:52

Looking good for a run up to 1.6

[datait] 19/12/2016 13:05

Being out now is certaily not the answer....this will move up very quickly and when it does most will be taken by surprise.

[forwood] 19/12/2016 11:34

It's a fair point and the way it has sold down after every update is very frustrating. That will end at some point. This is still relatively early stage development in the UK which moves slowly compared to say US jurisdictions. You could come back in 12 month time but I doubt the share price will be so low then, after further proof of concept and a much shorter timescale to commercial production.

[intothedeep] 19/12/2016 10:18

I've been in here a year and its getting really frustrating that it can't hold onto at gains and that's not down to MM's its down to not drilling !!! updated reports and telling us how many billions of barrels are in the ground are great but UKOG has fallen behind other companies. Angus will be sucking the oil out from under them at this rate.

2017 drilling programme is STILL just test wells and seismic; they are forecasting drilling until 2018.

So maybe its wise to sell now and come back in 12 months ... play the companies that are actually production drilling and release regular news flow and not just "we bought more acreage"

[datait] 19/12/2016 09:17

This will move up quickly once mm's have got as much as they can with weak holders.

[mikeygit] 19/12/2016 09:16

Maybe dropping as some are selling to buy into ALBA and ANGS for a fast buck?? Both are shooting up at the moment, but it is my belief that UKOG will have its day once things get moving---nothing much happening here whereas ALBA and ANGS are benefiting from the current drill going on.

[forwood] 19/12/2016 08:57

Astonished after the OIP upgrade to see this fall back below 1.5. All due to sellers who expected immediate returns, when they should be locking these away for a year or two.

It's clear that the MMs are short of shares and encouraging selling. At open, there were 4 on the bid at 1.4, and 3 at 1.55. A 10% spread on the book when the real spread was 1.4377 - 1.465, makes every trade looks like a sell.

Now it's dropped, on a paltry 2.5m trades. Get real people!

[temmujin] 18/12/2016 10:51

hope its not a duster.. i suppose it could happen..plan B?