Uk Oil & Gas Share Discussion Threads

[niceyman1] 26/1/2017 10:01

Good news and we should start moving up pretty soon. I.m.o

[moneymunch] 26/1/2017 09:46

Angus Energy plc (the "Group") is pleased to confirm that, further to the 18 January 2017 announcement, work to complete, log, case and cement the well at the Brockham oilfiled has now been successfully completed and potential reservoirs have been logged in the Portland, Kimmeridge and Corallian layers with all three formations having hydrocarbon shows.

The 6" hole has been electronically logged using quad combo and Ultra Wave fracture analysis, it has been cased and cemented, whilst the old open hole side-track has now been abandoned and cemented up back to inside the main well casing.

The well will now, upon OGA confirmation, be renamed BR-X4Z.

Further log analysis and laboratory work is currently being undertaken to provide a better understanding of the Kimmeridge and other formations, but from the evidence so far, these appear to be the same in structure to the oil bearing Kimmeridge sections in the nearby Horse Hill-1 well. Notably, the Corallian formation, which lies immediately below the Kimmeridge, had both oil and gas shows.

Jonathan Tidswell-Pretorius, the Company's Chairman, commented:

"We are pleased to have encountered hydrocarbon shows missed in the previous drilling by BP in 1987 in the three Kimmeridge target intervals and are delighted to see encouragement for the predicted analogy to the Horse Hill geology. Encouragingly, we have also seen oil and gas shows in the underlying Corallian. Further analysis is underway to identify the extent of hydrocarbon presence and the ability of these hydrocarbons to freely move into the wellbore. New Ultra Wave well logging technology has been used in the logging of this well and will, once analysed, allow us to make an image of the borehole wall in order to map the presence of, and density of, natural fractures in the target reservoirs. This will enable us to target the most prospective zones which have the highest potential for future production."

We will update the market as soon as possible with the results of the further analysis and as we progress further down the path towards production

[moneymunch] 25/1/2017 06:38

BBC News Holmwood protesters to be evicted in the next few days. Gla ;-)

[moneymunch] 23/1/2017 22:30

ps the 91m shares have obviously been drip fed into the market, which reflects where Ukog's share price is at the moment, unless of course they been bought by a major player , in which case another holdings Rns could be in the pipeline.......the same is probably happening with Mpet's, and so with both sellers cleared/absorbed, then good news from Brockham followed by HH's EWT permit approval and start of EWT operations......Ukog's share price will sail past 2p plus imho. Gla ;-)

Mpet SEC Filing 13/1/17
Although the shares of Central and UKOG that Magellan holds are not restricted and may be sold on the ASX or Alternative Investment Market of the London Stock Exchange, respectively, the average daily trading volumes for Central and UKOG stock relative to the number of Central or UKOG shares that Magellan holds may mean that Magellan’s Central or UKOG shares would need to be sold over a substantial period of time, exposing Magellan’s investment return to risks of downward movement in the market price during the intended disposition period. Accordingly, Magellan may ultimately realize a lower value and potential liquidity from its investments in Central and UKOG than Magellan expects.

[moneymunch] 23/1/2017 22:19

ps a nice little video from Angus. gla ;-)

23 January 2017
A Walk Through Time: From Kimmeridge to Brockham

Angus Energy video.

[moneymunch] 23/1/2017 21:56

Lol utter nonsense funky, show me the post that suggests this.......the lock in period for the shares used by Ukog to acquire Pedl234 has ended and Celtique have sold their 91m shares as expected ( they had no cash ) , and their partner SCDM have also had to declare the disposal of the said same shares.......91m plus in total, 71m plus from Ukog and 20m they received from Mpet in litigation settlement...91m plus in total....Mpet no doubt will be disposing of their 50m plus shares they retain from the sale of Pedl234 soon, as they're desperate for cash as well......and the expected disposal by both parties has obviously held back Ukog's sp, but couldn't come at a better time with Brockham's results expected soon and HH's EWT planning approval expected this coming month.....the demand for Ukog shares will be high and with both sellers absorbed, Ukog's share price will be heading in one direction. Gla holders On and Up!!! ;-)

[funkmasterp12] 23/1/2017 20:13

Oh dear. Wasn't it one of the major bull arguments here that Celtique kept their holding because of the "transformational potential"?It would seem that has amounted to precisely sod all.

[rayrac] 23/1/2017 17:08

Even moneymunch is worried!

Perhaps the mm's had to take it on the chin?

[datait] 23/1/2017 16:19

2p by the end of January as many will soon start topping up towards the news release.

[mtness2] 23/1/2017 12:53

2 RNSs - Celtique and SCDM sold all their holdings ? Who bought them ?

[hazelst] 23/1/2017 11:15

Filter the clown.

[markycrispy] 19/1/2017 19:56

Daitat your posts are sounding desperate please pull yourself together

[datait] 19/1/2017 15:36

You watch this climb into the close.

[kenbos] 19/1/2017 15:16

Market is not as optimistic

[hazelst] 19/1/2017 11:25

Great news on the IOW as no fracking required. Planning permission should be a doddle.

[datait] 19/1/2017 08:31

market makers moving up.....

[datait] 19/1/2017 08:15

market makers are letting them sell before they move this up just you watch..... this will move up big time this is excellent news and plenty more to come.

Crazy selling at this price,

[datait] 19/1/2017 08:04

Brilliant news just the start of whats to come.

[moneymunch] 18/1/2017 07:22

RNS 18/1/17

Alba is pleased to announce that it has been advised by the operator, Angus Energy Plc ("Angus") that, further to the 15 December 2016 announcement, site upgrade works to the production bunds are now complete and well intervention continues on site at the Brockham oil field ("Brockham"), in which Alba is earning a 5 per cent interest. Accordingly, Angus has informed us that they anticipate the re-entry of the original Brockham-X1 well being completed within the week with the work to complete and case the well taking 2 to 3 days thereafter. We will update the market once we are informed that the well is complete and we then intend to make a further announcement once the results of the geological evaluation assessment have been fully evaluated, which is expected to be three weeks thereafter.



6 zones to be evaluated and assessed......the deeper Great Oolite and Corillian Interval limestones, the three Kimmeridge interval limestones and lastly the Portland........3 weeks to confirm each interval flows.....a game-changer for Alba on free flowing limestones. Gla holders ;-)

[moneymunch] 18/1/2017 06:51

"Although the Horse Hill-1 well presents interesting prospects, these remained uncertain at the time of the review, and Magellan merely holds a 35% interest and is not the operator of the well, which, along with the factors noted above, undermined the viability of focusing Magellan’s business plan on its U.K. assets. Accordingly, the Magellan board of directors directed its focus to a potential sale of Magellan or all or substantially all of its assets."

[moneymunch] 18/1/2017 06:48

I wish i had bought some TU.........the merger with Tellurian is a done deal, and there is a special shareholders meeting 9/2/17 to finalise detail of the merger. General Electric and Total have invested heavily as they plan to develop the LNG business in the US. Mpet's 35% is surplus to requirements and their SEC filing makes it fairly clear that they intend to sell.......watch this space......no doubt Ukog and some of the other Weald players will want some. Gl ;-)


Mpet's SEC Filing 13/1/17

Central is a Brisbane, Australia-based junior exploration and production company that operates one of the largest holdings of prospective onshore acreage in Australia. UKOG is a London-based oil and gas company focused in the Weald Basin in southern England. Accordingly, each of Central and UKOG and the value of its respective stock is subject to similar business, industry, and oil and natural gas price fluctuation risk factors that Magellan is subject to, as well as each of Central’s and UKOG’s own particular risk factors based on its current circumstances and operating areas in Australia and England, respectively. As a result, or for other reasons, the market price of Central or UKOG stock may experience significant fluctuations, including significant decreases. Magellan does not control Central or UKOG, and Magellan’s investment is subject to the risk that Central or UKOG may make business, financial, or management decisions with which Magellan does not agree. Although the shares of Central and UKOG that Magellan holds are not restricted and may be sold on the ASX or Alternative Investment Market of the London Stock Exchange, respectively, the average daily trading volumes for Central and UKOG stock relative to the number of Central or UKOG shares that Magellan holds may mean that Magellan’s Central or UKOG shares would need to be sold over a substantial period of time, exposing Magellan’s investment return to risks of downward movement in the market price during the intended disposition period. Accordingly, Magellan may ultimately realize a lower value and potential liquidity from its investments in Central and UKOG than Magellan expects.

With respect to the international assets, Magellan estimated that although the prospects identified through the seismic surveys conducted in 2012 and 2013 over the NT/P82 block in the Bonaparte Basin, offshore Australia, were promising, these prospects remained at an early stage of the exploration process and required significant capital to be further assessed. Therefore, Magellan’s management and board of directors determined that Magellan’s interests in NT/P82 should not form the basis of Magellan’s core business at that time. With respect to Magellan’s interests in the United Kingdom, Magellan considered the following factors: (i) the term of the main licenses in the central Weald Basin expiring in June 2016, (ii) the then-pending litigation with Celtique, which hampered Magellan’s ability to strategically progress the potential play in the Weald, and (iii) the challenging political and social environment in the United Kingdom, particularly evidenced by the rejection of the planning application of Cuadrilla Resources Limited’s proposed wells in Lancashire. Although the Horse Hill-1 well presents interesting prospects, these remained uncertain at the time of the review, and Magellan merely holds a 35% interest and is not the operator of the well, which, along with the factors noted above, undermined the viability of focusing Magellan’s business plan on its U.K. assets. Accordingly, the Magellan board of directors directed its focus to a potential sale of Magellan or all or substantially all of its assets.

[theuniversal] 17/1/2017 19:14

Money munch... hoped you got into mpet mid to late last year as this still has a huge risk to reward play....have been out of the loop for a bit si what news you expecting from mpet the sale of the elusive 35%. .. got a theory that ukog long term test is gonna buy up some of that 35% of mpet ;-)

[mikeygit] 17/1/2017 12:41

Admin--Please deal with rwauu--totally unacceptable language for here.