Uk Oil & Gas Share Discussion Threads

[moneymunch] 01/3/2016 15:45

An extra £240K in the bank and a sure sign of confidence by the lucky recipient. Gla ;-)

[tidy 2] 01/3/2016 15:44

Further results good. News leaked. They want in.IMO

[tidy 2] 01/3/2016 15:39

Spike through 3p on IMO

[cashmachine2] 01/3/2016 15:35

Wet dreams you thick [e-mail]'s an exercise of warrants not a placement so you've told nobody sweet FA! Watch out for the Total JV but in the meantime make up whatever you want but bottom line the share price will head a lot higher than 3p that's a given.

[tidy 2] 01/3/2016 15:35

Warrants more money in coffers.Confidence.

[wetdreams] 01/3/2016 15:33

Share price crashing

[wetdreams] 01/3/2016 15:31

Sorry boys but I did try to tell you ..placing will be next

[tidy 2] 01/3/2016 15:27

RNS UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) announces that it has received notice of the exercise of warrants to subscribe for a total of 10,666,666 new ordinary shares in the Company (the "New Ordinary Shares"). The exercise price of the warrants was 2.25 pence. The Company has received GBP240,000 in respect of this exercise.

[daithedeath] 01/3/2016 15:25

ibug 1 Mar'16 - 09:40 - 605 of 678
It's a fuel oil tanker bringing fuel to site for plant use !

[tidy 2] 01/3/2016 15:24

MM's order filing coming through. 3.30p

[moneymunch] 01/3/2016 15:22

The well was shut in at approximately 1830 hrs yesterday. The well was opened and free ‘natural’; oil flow recommenced at 2234 hrs yesterday. The well was flowed to obtain a further stabilised flow period and reservoir engineering data. A further update will be provided once this new data is available.

With this stable Upper Kimmeridge limestone flow, the two Upper Kimmeridge and Lower Kimmeridge limestone intervals have now produced a combined average stable rate of over 1,360 bopd.

As previously announced, on completion of this Upper Kimmeridge test, operations will move to the shallower Portland sandstone zone at approximately 615 metres below ground level.

Further Reservoir Engineering Studies

The Company has commissioned Xodus Group Ltd. to evaluate and interpret the reservoir engineering data collected in the Lower Kimmeridge limestone flow test as reported on February 16 and 17. The results will be reported once available.

[moneymunch] 01/3/2016 15:20

WH Ireland thoughts on UKOG this morning

WH Ireland Analyst said this morning: “UKOG has announced results of flow testing operations in the second interval of the Horse Hill-1 (HH-1) oil discovery well located on the PEDL 137 licence (20.16% non-operated interest). The HH-1 well flowed 40 degree API light sweet oil naturally to surface, at a stabilised rate in excess of 900 bopd from a 88 foot aggregate zone located within the Upper Kimmeridge limestone interval, at a depth of c.840 meters (2,755 feet).

 

Flow testing operations of the Upper Kimmeridge began at c.1350 GMT yesterday, with a restricted flow of 700 bopd instantaneous rate recorded;  100% oil (no water contact) using a 1-inch choke and a rod pump. At c.1430 GMT the well began to flow naturally and the pump was turned off, which resulted in flow rates of over 900 bopd at 1500 GMT. Flow rates thereon stablished from 1500 GMT to c.1800 GMT with rates in excess of 900 bopd. The well was shut in to remove the pump rods, after which it was opened and natural flow recommenced at 2234 hrs to obtain a further stabilised flow rate and to collect reservoir engineering data. UKOG has stated that it will provide further updates on the flow rate when the data is available. Upon completion of flow testing of the Upper Kimmeridge limestone interval, operations will move to the Portland sandstone interval, located at a depth of 615 meters (2,020 feet).

 

Today’s news of robust flow rates from the second interval of the HH-1 discovery adds to the solid flow rates of the first interval (Lower Kimmeridge) announced c.2 weeks back, with a combined average stable rate of over 1,360 bopd. Further we note that the stabilised flow rates encountered in the Upper Kimmeridge at over 900 bopd is almost 2x of the Lower Kimmeridge, which flowed at a stabilised rate in excess of c.460 bopd (and a peak of over 700 bopd). We look forward to the results from the final interval of HH-1 with great interest.”

[tidy 2] 01/3/2016 15:11

1700 BOPD news leak apparently.

[tidy 2] 01/3/2016 15:07

UK Oil & Gas Investments PLC "unequivocal proof of concept with oil flow" - bit.ly/1LsH1ck - #UKOG #trader

[proj] 01/3/2016 14:58

Simon8. I agree.... this should be lot higher on that RNS. Worrying.

[moneymunch] 01/3/2016 14:52

More good news imminent.....tomorrow imho. Gl:-)

The well was shut in at approximately 1830 hrs yesterday. The well was opened and free 'natural' oil flow recommenced at 2234 hrs yesterday. The well was flowed to obtain a further stabilised flow period and reservoir engineering data. A further update will be provided once this new data is available.

[simon8] 01/3/2016 14:52

back from meetings and just looked in at sp, a tad surprised after reading the RNS at 7 this morning, expected this to be trying to break mid 3p to 4p.... hey what do I know though...will look back in after closing bell!

[niceyman1] 01/3/2016 14:46

I think that if we get a rns this pm, wed morning confirming pressure maintained over an extended period, then the market will start to believe! In the meantime more have the opportunity to get in at such a bargain price!

[datait] 01/3/2016 14:35

The Government will give all the support it needs as they will want to make this work in order to get the uk debts in order.

[datait] 01/3/2016 14:33

This will zip up soon enough folks watch this space further news tomorrow its a no brainer.

[datait] 01/3/2016 14:31

Its now full steam ahead folks UKOG now in talks with the Government to fast track this further.