Uk Oil & Gas Share Discussion Threads

[rwauu] 17/1/2017 12:13

Nice to see that TW is sucking DL co*k again!!! Good job Winnifruit!!! Make sure you lick the hairy balls too!!! Ha ha ha!!!

Now that the research is aligned and there will be no shorting from winnifruit camp, we might expect this to pop!!!

Ha ha ha!!!

[moneymunch] 16/1/2017 06:50

Surrey County Council's meeting tomorrow is probably a tad too early, no agenda displayed yet and so details should be posted some time today, and their next meeting is 14th Febuary 2017 which fits nicely with the end of the consultation period 2nd Feb....gla holders watch this space......HH EWT's permit approval coming soon. ;-)


Meeting
Cabinet Member for Environment and Planning Decisions
Tuesday, 17 January 2017 1.30 pm

Attendance details
Add meeting to your calendar using VCS format

The agenda will be displayed in the week before the meeting

Proposed venue: County Hall, Kingston upon Thames, KT1 2DN

Contact: Andrew Baird

Meeting
Cabinet Member for Environment and Planning Decisions
Tuesday, 14 February 2017 1.30 pm

Attendance details
Add meeting to your calendar using VCS format

The agenda will be displayed in the week before the meeting

Proposed venue: Committee Room C, County Hall, Kingston upon Thames, Surrey KT1 2DN. View directions

Contact: Andrew Baird

[moneymunch] 12/1/2017 15:54

UK Oil & Gas

In 2016, UK Oil & Gas (UKOG) effectively "unlocked an entirely new UK onshore petroleum play, which is, in our opinion, the most significant development for decades for the UK onshore oil & gas sector," according to WH Ireland's Brendan Long.

WHI keeps its recommendation and target price 'under review' pending a comprehensive assessment of UKOG's assets ahead of a change in analyst coverage.

However, the outlook in 2017 is "catalyst rich". Long expects UKOG to advance the appraisal of its Horse Hill discovery, drill the Broadford Bridge exploration prospect, "a Horse Hill look-alike", and drill a conventional target, Holmwood, that is also prospective for fractured Kimmeridge Limestone.

[mikeygit] 12/1/2017 11:57

Thought as much!! What news are we expecting??---he cannot tell us. Next news will be about planning--I guess-- and that is not due till Feb, I believe. All Weald companies are going through that quiet period waiting for results or planning consents, so I do not expect any news or any real share price movement--we have all just to be patient a little longer.

[funkmasterp12] 12/1/2017 10:48

Seconded. He is a plonker.

[hazelst] 12/1/2017 10:03

Datit doesn't have a clue, that's why she is filtered.

[mikeygit] 12/1/2017 09:23

You have inside information DATAIT???

[datait] 12/1/2017 09:00

News today folks.

[markycrispy] 12/1/2017 08:56

You get some real insight into people's psychological makeup watching this board from afar

[datait] 12/1/2017 08:48

Market makers all moving up folks.

[jimmya1986] 11/1/2017 16:26

EDR & UJO refuses planning consent in respect of oil field. Hope not a sign of things to come but then again this is a different kettle of fish that's hopefully about fly!

[datait] 11/1/2017 13:26

market makers all moving up folks

[datait] 10/1/2017 16:08

We should get news this week folks watch this space.

[knicol46] 10/1/2017 10:16

tick up imminent - few more buys, reached just over 3p last Feb/March, results due next month

[datait] 10/1/2017 07:44

Expect ukog to be re-rated folks.

[moneymunch] 10/1/2017 07:11

Rns from GUN this morning.

Hamish Harris, executive Chairman of the Company, commented: "This fundraise allows us to make a further substantial investment into Zenith Energy which we believe offers substantial upside opportunity for the Company. We also keenly await the results of the workover program which should begin shortly. Likewise results from drilling at the Brockham licence in the Weald basin should be released soon which the company has exposure to via Alba Mineral Resources plc. Any success should also impact the value of our 2% stake in Horse Hill Developments Ltd by further validating the results from the Horse Hill well drilled by UKOG. The Company is also in discussion with other parties with respect to possible investments and we will update shareholders as appropriate regarding this. In short 2017 looks a very exciting time for the Company with plenty of near term drilling providing scope for a substantial rerating of the Company".

[moneymunch] 09/1/2017 13:29

Hi TU, potentially yes, although a fraction of that figure would be transformational for all HH players.....I'm waiting on news on Mpet's 35%. Gl :-)

[datait] 09/1/2017 07:59

This baby will rocket very soon.

[moneymunch] 03/1/2017 19:22

Under the circumstances and undoubted potential of massive recoverable oil from the Kimmeridge limestones at HH and very possibly Brockham........ Alba look like a great bet, as they have done all the way from 0.15p....news now due on Brockham, Greenland and Ireland, and HH to follow where they hold 9.75%........ Significant upside with a re-rate or two from their bargain low share price and tiny market cap, very likely. Gla weald players. ;-)

[moneymunch] 03/1/2017 19:00

Horse Hill explorers step up momentum as confidence grows
08:15 03 Jan 2017
In the first-half of next year UKOG will move 11 miles along the road from Horse Hill to the PEDL234 licence area
picture of nodding donkeys
Six wells are planned in the area

UK Oil & Gas Investments PLC (LON:UKOG), 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.

UKOG won't return to Horse Hill for a whie. Instead, it plans to test an analogue - that’s an area with identical geological characteristics 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 drilling at one, Brockham, having got underway just before Christmas.

Owner Angus Energy Plc (LON:ANGS) will first go into the Portland sandstone, host to a known oil play, before then pushing on into the Kimmeridge.

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 (LON: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 1bn barrels.

Those two licences alone would be internationally significant.

It has to be stressed that these are guesses based on the geology being absolutely as expected and the Kimmeridge being as prevalent as thought.

There are a whole host of other assumptions too that make this a bit of a finger-in-the-air exercise.

Anyway, success would throw up a huge conundrum. Does the UK, which is looking for energy independence, drill areas of outstanding natural beauty to unlock the oil?

The backlash could be interesting as you might see an unlikely alliance between the middle-class Nimbies of the southern stockbroker belt and the rent-a-protestors of the environmental movement.

Below is the schedule in full

There are six new wells planned for in and around Horse Hill. South East of England, which will uncover whether there really are billions of barrels of untapped oil in the region’s Weald basin.

Two wells are planned on the site itself; one is a sidetrack of the existing well, the other brand new.

One well at Holmwood, Horse Hill’s neighbour, will be drilled by Europa Oil & Gas (Holdings) PLC (LON:EOG), UKOG, Egdon Resources Plc (LON:EDR) and Union Jack Oil PLC (LON:UJO).

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

UKOG will drill two new wells PEDL 234: Broadford Bridge well (first-half of next year); the timing of the second isn’t specified.

[hazelst] 03/1/2017 11:27

Looking good.

[datait] 03/1/2017 09:59

We are in a cycle.... look at oil stocks over the past years when oil was low and see how all oil stocks quickly rebounded as oil price started to rise. Oil will start to rise rapidly aswell as oil stocks.... watch this quarter.... watch this space.