Uk Oil & Gas Share Discussion Threads

[funkmasterp12] 17/5/2017 09:10

They obviously are having a problem getting the money they want else the placing would have been completed. And lest we forget the last placing which was flipped en masse despite going to "institutional investors". Why would they want to flip if this is such an amazing opportunity?

[mikeygit] 17/5/2017 08:15

This is breathtaking stuff and how long will we have to wait until we get the placing Price.
Disagree with GREATER THINGS--whilst i think your post is amusing---companies often have to tout themselves around potential investors, and with the HUGE POTENTIAL upside I would not think they will have a problem getting the money they want. A no brainer really. Maybe the Shells and BP´s of this world are waiting on the sidelines to see exactly what the upside will be before making a move to move in on the lot!! One can hope---as we should know--its all a big gamble, but worth taking IMO!!

[moneymunch] 17/5/2017 08:13

JV Farmin on its way.....BOOM!!! Gla ;-)

When a small cap explorer owns 100% of a prospect ( BB ) with an estimated potential of more than 7 billion barrels of oil in place, drill ready and well site prepared with approval and spudding imminent.......then Ukog most likely could take their pick from a long list of suitors willing and eager to buy in right now....Gla ;-)

[moneymunch] 17/5/2017 08:06

Lol you're going to be greatly disappointed then... Gl ;-)

[datait] 17/5/2017 07:32

.5 coming I hope then I can pick up a huge amount.

[moneymunch] 17/5/2017 07:00

Lol, fracking is only permitted at 1000m and more and so you can't frack the Kimmeridge at Horse Hill or BB as it lies less than 1000m deep...and no need anyway as the high quality oil free flows under immense pressure and is driven by gas...the recoverable volumes could be breathtaking and the upside transformational for all concerned ....I'M IN!!! Gla holders ;-)

[greater things are yet to come] 16/5/2017 23:51

Missed that in skim reading report yesterday.
"meeting with potential new investors.."


Sounds like desperate cold call canvassing of a very hard sell in current
frozen environment of no money. Any such potential vultures clearly only
being potentially interested at considerable discount to sp, perhaps 0.6p
a share punt.


This would make a good Dragon's Den episode presently.. One after other..


Peter: "Your numbers are crazy. £0 sales/profit.< £1billion potential
but no actual "production license" or sales contract. Sorry I wish you
luck.. lol.. but I will not be investing!"

Duncan: "You must think we're fools!!! £6million for 10%.. I am out!!"

Deborah: "Sorry guys but as you know I'm always out and never invest in anything"

[greater things are yet to come] 16/5/2017 23:16

lol M oney M unch

Wasn't this MM pump/dump dog based on fracking?? Cos Labour which could in
fact secure victory, as Trump did in America against every poll in history(!)
- Are putting an end to all fracking..

Either way, still sub 1p and historically without considerable extra funding this
was institutionally established from around 0.5p a share


Tom Praterwith having been pump/dumping oil penny stocks since "show me the money"
days. Including promising Pan Andean would be a ten bagger. With most retail
punters instead losing 30% within a week thereafter! Claim/fames don't seem
worth anything. Lord Alan Sugar punted £million on Woolworths causing a huge
spike for days before suddenly "0p". It seeming that he also conveniently got
out just in time only taking an approx 20% loss. Whilst many retail lost 100%..

If UKOG is fracking (??) - Then there is every possibility of getting no funding
til after election. Either way 0.7p / 0.8p may be on a screen near you soon..?
lol

[funkmasterp12] 16/5/2017 17:13

Er, the company would long collapse before that had even a smudge of impact, as seen recently at CloudTag. How much of UKOG is out on loan?

[forwood] 16/5/2017 17:10

And if they decide not to go ahead? All those shorts and pre-sold shares will have to be bought back. There is no certainty with the outcome of placings.

If winnifroth weren't such a fascist and had a little more integrity, I'd give him more credence.

[funkmasterp12] 16/5/2017 16:46

Play the ball, not the man sir. It doesn't ultimately matter who leaked it, the fact is the company appears to be making an utter hash of this placing. The company themselves said the placing was not guaranteed to succeed. Even if it does, it's hardly encouraging to see such utter disregard for shareholders. And given UKOG's previous form in this area, one can reasonably expect those shares placed to "institutional investors" to be vomited all over the market very quickly.

[forwood] 16/5/2017 16:12

and you know that from where?

[funkmasterp12] 16/5/2017 16:11

Forwood - that is utterly irrelevant when the company is trying to place at 0.8p.

[moneymunch] 16/5/2017 14:34

Tick....Big Bounce Coming with funding in place....anytime now. Gl ;-)

[forwood] 16/5/2017 13:44

Just wondering how long these two MMs can keep the price at 0.9p. Gap to next two at 1p.

[moneymunch] 16/5/2017 13:22

Lol dream on...gl :-)

[lithological heterogeneities] 16/5/2017 13:20

mm,The 7 billion barrels will be a great addition to the ANGS portfolio in the next 12 months.;0)

[moneymunch] 16/5/2017 13:13

Spotlight and Focus coming. Gla ;-)


“Establishing commercial production”

UKOG said analysts Nutech had estimated the Broadford Bridge well could have 7.12bn barrels of oil in place in Kimmeridge limestones and shales.

Stephen Sanderson, UKOG’s Executive Chairman, said:

“The BB-1 [Broadford Bridge] well is designed not only to test a geological mirror-image of the Horse Hill Kimmeridge oil discovery, but, more significantly, to also seek to establish whether Kimmeridge Limestone oil is truly an extensive resource play.

“If so proven, given the sheer size of the PEDL234 Licence, our 100% interest, and the existence of further multiple identified drilling targets, the impact of BB-1 success would likely be transformational.

“Our wider strategy over the forthcoming 18-24 months aims to de-risk the overall Kimmeridge Limestone oil play, both commercially and geographically.

“Through the planned extended production testing, sidetrack and new well at Horse Hill, the goal is to establish that the Kimmeridge can be brought into commercial production.”

[moneymunch] 16/5/2017 11:39

They'll get the funding and every one will want a piece.....even if the placing is at 0.8p I doubt if you'll get in much cheaper than current level imho....a fully funded Ukog for BB and HH will be very attractive for many, we're also expecting approval for the drilling of BB, the 28 day EA consultation period is up.....placing/funding followed by imminent approval and start date will see the share price sail back up to 1p plus plus plus. Gla :-)

[markycrispy] 16/5/2017 09:35

Am topping up now too good for a long term punt unless they dont get the funding of course !

[moneymunch] 16/5/2017 06:48

BIG BOUNCE COMING!!! on a fully funded Ukog for the drilling of BB and Holmwood and HH's eagerly awaited extended flowtests, and a little reminder of why Ukog is all set for the BIG time!!! Gla holders ;-)

Ernst and Young Report



The so-called Gatwick Gusher, a shale basin in the United Kingdom, could add as much as $74 billion to the nation's economy, a study finds.

U.K. Oil & Gas Investments commissioned Ernst & Young to examine the future potential of oil production from the Weald shale basin.

"Assuming it can be extracted from a development site at the volumes projected by U.K. Oil & Gas, has the potential to generate significant economic value to the U.K. economy," the report read.

Oil & Gas U.K., the industry's lobbying group, said the North Sea oil sector is in for a long period of decline, with less than $1.4 billion in new spending expected in 2016. Inland shale, meanwhile, has the potential to add between $10 billion and $74.6 billion to the British economy in gross value, the commissioned report said.

Operators are working to assess the potential in the shale area by testing the Horse Hill-1 oil discovery. Preliminary estimates made by the company last year put the entire Horse Hill reserve total as high as 100 billion barrels of oil. If its full potential is reached, the future production from the area could provide as much as a quarter of the nation's total oil demand over its lifespan, based on 2014 demand levels.

The field, locked in a geological formation called the Kimmeridge Limestone, is about three miles away from the Gatwick Airport, earning it the nickname the Gatwick Gusher.

Stephen Sanderson, the executive chairman of U.K. Oil & Gas, said developing the shale basin could make a significant contribution to the British economy. Oil is already flowing at nearly three times the expected peak rate.

"It is therefore possible that the overall economic impact of Kimmeridge Limestone oil could be significantly higher than this initial report describes," he said in a statement.