Uk Oil & Gas Share Discussion Threads

[moneymunch] 25/3/2017 08:09

All go in the Weald. Gla ;-)



“We believe Cuadrilla are simply tidying up their paperwork before probably applying for an extension to their planning permission, and then we expect them to sell on the licence (PEDL) to another operator, probably UKOG.

[parthus] 25/3/2017 00:08

Datait is short or sold out !

Patently obvious......

[datait] 24/3/2017 09:10

what ever you do do your own due diligence.

[datait] 24/3/2017 09:01

I think Solo is now the best option as any good news here reflects all of HH, and dont forget solo have just done a dilution with another update due anytime now and the news should prove to be mind blowing.

I think UKOG will have a dilution here very soon and news not expected until the summer lets face it ukog is going no were fast unlike solo which has said expect news over coming weeks and months and now we are upon news any day now.

In my view selling here and going into solo is a win win regardless reducing a risk of any dilution.

[datait] 24/3/2017 08:54

I think Solo is now the best option as any good news here reflects all of HH, and dont forget solo have just done a dilution with another update due anytime now and the news should prove to be mind blowing.

I think UKOG will have a dilution here very soon and news not expected until the summer lets face it ukog is going no were fast unlike solo which has said expect news over coming weeks and months and now we are upon news any day now.

In my view selling here and going into solo is a win win regardless reducing a risk of any dilution.

[datait] 24/3/2017 08:35

no volume should think this will zip down folks

[datait] 23/3/2017 09:44

I agree with you there totally the UK are good at dragging their heels.

[mikeygit] 23/3/2017 09:12

Datait and ANORS---believe me all the time there is no news and authorities keep flapping about not knowing how or when to make a decision ALL the shares in the Group will gradually drop. Now Alba/ANGS will not have a decision on this bloody FENCE issue until June at the very earliest, so not chance of cashing in yet for that Special car or holiday. The UK authorities act like they do not want the oil out of the ground to boost the economy and jobs. UNBELIEVABLE!!!!!!!!!!!!

[datait] 23/3/2017 09:05

Think about folks there is no volume here at all and sentiment has fallen to an all time low. mm's will take this down until they find volume as they also need to make money here also dilution on a regular basis on aim seem to be the norm.

Timing is key, 1p possibly 1.2 dilution.

[datait] 23/3/2017 08:43

dilution at 1p maybe 1.2 if your lucky, dont let it put you off not a bad thing if it happens least you will then know that its out of the way and dont forget this is aim and they consistantly raise money diluting the stock.

Its all about timing thats all.

[datait] 22/3/2017 09:26

Dont be silly this will be diluted further end of.

[datait] 21/3/2017 11:44

I still think 1-1.2 placing will be done and it wont be a bad thing as they will prove to have the money to get them moving asap.

[moneymunch] 20/3/2017 12:44

Ukog still have a few quid in the bank and no near term cash calls until. approvals are in place. Gl.:-)

[datait] 20/3/2017 08:33

All good news I know but need the placing out of the way and then we are off at ascot.

[moneymunch] 20/3/2017 08:24

ALL news is good news and now lots of new potential investors waiting in the wings........SCC have not made any complaint about Brockhams side track, Angus confirmed that they were in talks with SCC 3rd March, days before the BBC/Drill or Drop Story......the SCC letter to Angus confirmed that no new sidetrack permit was required as long as the sidetrack was drilled to original depth, and through formation and area's originally drilled.....the OGA were happy, and signed off approvals. Angus's FAQ update today confirms it's all systems go......Official clarification from Angus/SCC will see significant upside.....and OGA approval for Brockham's production will quickly follow . Gkla holders ;-)

[moneymunch] 20/3/2017 06:48

FAQs: Stories in the media about Brockham
1. What is the fuss about?

A BBC Environmental correspondent claimed Angus Energy ‘breached’ planning permission granted by the Surrey County Council (SCC).
2. Did you?

Of course not. We stand by our statement no breach has occurred.

We immediately met with the SCC as we value our working relationship and continue to work with the Council on all relevant matters.

Please note: As the Council said, “we are in discussions”, they have not stated any planning harm has actually occurred.
3. But the Council told the BBC” ‘We were extremely disappointed to find out that Angus Energy has acted without planning permission and contrary to our advice and guidance so we are meeting with them this week as a matter of urgency to resolve this.”

We believe this report was deeply flawed. It violated BBC’s own editorial guidelines. We will have more to say on this after we file our complaint with the BBC Director General and OFCOM.
4. Well is it true, did you act without planning permission?

No.

We firmly believe we have acted in a professional and correct manner and followed all permissions and guidelines from the OGA, EA, HSE and the SCC. Naturally we will continue to do so.
5. Did you perform work not covered in the SCC’s planning permission?

No.

We have 4 different regulators, Environmental Agency (EA), the Health and Safety Executive (HSE), the Oil and Gas Authority (OGA) and Surrey County Council (SCC) each covering their expertise provided by their remit.

The government’s guidelines make it absolutely clear that the remit of local councils covers the surface impact of the operations including matters such as noise, visual impact and traffic movements. All of our surface work was covered by our planning permission. We work with our local council on many important surface issues that rely on their expertise and requirements.
6. We heard a new well was drilled and that would have needed the SCC’s permission.

No new well was drilled.
7. I read a website that claims you ignored warnings.

The SCC’s 12 December letter cited by an environmental activist website under the freedom of information act, set out the circumstances in which a specific sidetrack needs planning permission.

The sidetrack that has been drilled doesn’t fall within these circumstances and doesn’t need planning permission according to SCC’s own criteria.

Despite having every opportunity at a number of meetings and in extensive correspondence, SCC has not identified any way in which the sidetrack causes any planning harm.

Any characterisation that Angus Energy deliberately misled its investors and the public or misunderstood clear advice is offensive, wrong and self-serving.
8. How often do you speak with the local council?

Constantly. Our meetings are as intended to resolve any misunderstanding by either party.

We communicate fully with all our regulators and relevant authorities.

We stand by our statements to the public, the SCC and our investors.
9. If it is not the SCC, who is it? What government authority is responsible for the subsurface work?

Oversight of subsurface development of oil and gas throughout the United Kingdom is the role of other government agencies with the broad knowledge, technical expertise and specialised experience. All subsurface work in this case, performed by Angus Energy at Brockham is fully controlled and approved by the Environmental Agency (EA), the Health and Safety Executive (HSE), the Oil and Gas Authority (OGA).
10. Will you ever use Hydraulic Fracturing known as “fracking” at Brockham or in the Weald?

No.
11. Is Brockham Field on public land?

No. The field itself makes up less than 1% of a 500 acre private farm. It will not get any larger.
12. Who are Angus Energy?

We are a public company traded on the AIM market. We are committed to communication with all stakeholders. As such, you will find out a lot of information about the company and Brockham Field. Just click through the tabs above.

[moneymunch] 19/3/2017 16:59

The way forward..........Gla ;-)

"Surrey County Council officers have waved this application through as “permitted development”. We think this is a breathtakingly cynical way to avoid subjecting it to public scrutiny and avoid it having to pass through the normal planning processes."

[moneymunch] 19/3/2017 16:55

Lol...more like news on Holmwood....... Looks like Brockham should be a breeze as well HH's ewt permit approval.......well done SCC.........gla holders ;-)

Leith Hill Action Group Newsletter 48
18 March 2017
Stop the Leith Hill oil drilling!

Hello to all our supporters.

Urgent breaking news!

In Newsletter 47 just a few weeks ago, we reminded you that the number one defence Europa relied upon for why they should be allowed to drill was their insistence that they could complete the whole thing within an 18 week period. We repeatedly pushed against this during the Public Inquiry, expressing scepticism that it was possible. However, Europa never faltered in their firm assertion that this was what they could and would do. The Inspector cited the 18 week period as the key mitigation that justified all the harms he acknowledged would occur as a result of the drilling.

Incredibly, we have just learned that Surrey County Council has received AND APPROVED a brand new TEN MONTH application for the installation of security fencing, a security cabin and the closing of the access track and a large part of the drill site! This rushed approval gives Europa the right to start this at any date from 23 March (next Thursday)!

This new fencing is permitted to last up to six months before the start of the 18 week period of the drilling project. That means that the site can be closed to the public for ten months, with a continuous presence of personnel on site.

Surrey County Council officers have waved this application through as “permitted development”. We think this is a breathtakingly cynical way to avoid subjecting it to public scrutiny and avoid it having to pass through the normal planning processes.

Wait a minute. Wasn’t there already an application for a fence?

Correct! Europa applied last year for additional planning permission for considerable additional industrialisation to the site, including a security fence, additional visibility and an increase to the site area of 25%. This original fencing application was for the 18 week period and is being considered by Surrey County Council's Planning & Regulatory Committee on 22 March (next Wednesday).

The original application for the drilling was subject to formal Environmental Impact Assessment (EIA) because of its location in an Area of Outstanding Natural Beauty. At the request of Europa and Surrey County Council, the Secretary of State (for Communities and Local Government) issued a Direction that the 18-week fencing application need not be subject to EIA. LHAG has challenged that decision, because we believe it is not in accordance with the requirements of EIA Regulations.

Subsequently Europa also applied for that same additional Security Fencing development but for a 52-week period. The Secretary of State decreed that the 52-week application does require EIA.

Three days after that, we now learn, the “permitted development” notice that has just come to light was issued to Surrey by Europa. Surrey County Council opined that no EIA was required for the new application, but this seems contrary to everything we know about the nature of EIA requirements.

We have asked the Secretary of State to reconsider his Screening Direction in relation to the 18-week fencing before the planning meeting on 22nd, and to align it with his Direction on the 52-week fencing. We will now, as a matter of urgency, ask the Secretary of State for a Screening Direction countermanding officers’ opinion in relation to this new “permitted development”.

[datait] 16/3/2017 14:09

News of the placing tomorrow.

[datait] 16/3/2017 09:20

Think there will be a placing now tho. Nothing else for it tho just have to add on any dilution will come good in time.

[moneymunch] 16/3/2017 07:10

Weald Oil needed for UK energy security. Gla ;-)

UK energy sector facing crisis as natural resources diminish, North East experts say
The future looks promising, but energy security will be a real challenge, according to experts who gathered on Tyneside 18:00, 15 MAR 2017

Durham University’s Prof Jon Gluyas, an expert in geo-thermal power and fossil fuels, chaired the Great Energy Debate and highlighted how the UK fortunately has ‘abundant natural energy reserves’.

But he quickly shifted tack to point out how these resources are diminishing and, as a result the UK is now facing an energy crisis.

He said: “We have the resources but they are in decline for a number of reasons. Coal production has declined significantly, our light oil reserves are in decline, we are at a pinch point for gas and we are not capable of storing renewables.

“This makes us extremely vulnerable for the first time in generations, and, along with this, the green agenda is failing. We have lots of initiatives but we are not making much impact on emissions to the atmosphere.

“For the first time the UK is facing a pinch on energy security - the future looks promising, but over the next few years energy security will be a real challenge.”

Mark MacLean, senior vice president and UK head, concluded his address by predicting a rise in the oil price, and an increase in the number of offshore projects.

He said: “Some say we have reached peak oil demand, but oil demand has never been as high since the 1970s. I cannot see that changing for some time and, as a result, we expect to see an increase in the oil price over the next few years.”

He said the decline in conventional oil projects has been at ‘unprecedented levels’ and said that in relation to predicted demand this is an ‘unsustainable course’.

Up to now there has been no significant rebound, but 2017 is a transition point and we are seeing more new projects being sanctioned.

“We had reached the lowest point since 1950, when only 10 projects were approved, but we expect to see 30 to 35 approved and this is setting up the stage for a new oil cycle.”

He said that by 2030 we will be importing 80% of our gas and he believes we should doing more to harness our indigenous resources, such as shale gas.

He said: “Two-thirds of the public support fracking for our own gas, rather than relying on imported gas.”

This year, he said, will be a big year for the UK shale gas industry with exploration wells set to be drilled in Yorkshire, Lancashire and Nottinghamshire.

He said the industry could create over 60,000 jobs with opportunities for the supply chain in sand, cement, drilling and transport, while the market for rigs could be worth £2bn.

[rayrac] 11/3/2017 13:56

What a load of left wing BBC codswollap! If you are of short news...go make some?

Whoever is living over the Weald basin, are sitting over a very very large oil field and by hook or by crook, it's going to be removed over time! The problem is, the protesters do not want proper planning. They want no approvals whatever, ie, no drilling at all.
Makes you wonder why. Do they want a wealthy nation for all citizens, or eventually a poverty stricken country for most?

[funkmasterp12] 10/3/2017 13:48

By all means filter me Rayrac if all you want to see is Moneymunch talk about how this is such an amazing buying opportunity.

[rayrac] 10/3/2017 12:58

You are being proved wrong rather frequently funky...what's your game?