Uk Oil & Gas Share Discussion Threads

[funkmasterp12] 22/5/2017 14:15

mikeygit - buys/sells are automatically calculated by ADVFN, LSE etc according to the proximity to the stated mid price. Often what you see on ADVFN et al isn't the true mid price as it can depend on the market makers available at the time of an offer, so it won't always be accurate. That's why some buys get marked as sells, because the computer thinks its a sell based on the mid price.

I wouldn't worry about that - it's not a conspiracy. The bottom line is, if demand is higher than supply the price will go up.

[mikeygit] 22/5/2017 14:10

Amazing that seemingly all this mornings trades are quoted as Sells!! I bought some and quoted as Sell!! What is going on?? Are they trying to push the share price down even further??? I am just sitting back and waiting---too much misinformation from many and speculation. Let the dust settle and let them get on with the job of getting oil OUT and then we will see.

[xippy] 22/5/2017 13:42

My boots are full. However more cash coming in next few weeks. Hopefully price will still be here abouts. Topping up and then sitting on it for next 6 months as price takes off once again. Imho. Dyor.

[moneymunch] 22/5/2017 08:36

"Consequently, it is our viewpoint that a successful outcome from the BB-1 programme could have a highly material and transformational impact upon the Company."

46 days drilling and permit in place for flow testing up to 14 weeks......and operations expected to be underway imminently......and so we should have a very good idea of the potential transformational impact during Q3 2017, by which time HH ewt's should be underway......exciting times for those invested...FILL YA BOOTS!!! ;-)

[moneymunch] 22/5/2017 08:24

The BB-1 well, planned for Q2 2017, will be a deviated or "slant" well, designed to penetrate the entire Kimmeridge section, targeting the four naturally-fractured Kimmeridge Limestones (KL1-KL4) to confirm that KL oil is contained within a resource or continuous oil deposit. The well will test the southern edge of the basin within a mirror-image of the Horse Hill fault block. The Kimmeridge section is planned to be drilled at an angle of approximately 45 degrees to vertical and approximately orthogonal to the predicted direction of open fractures within the Kimmeridge.

Operations will include the acquisition of an extensive coring, electric log and borehole imaging data set to provide further key information on the limestone reservoirs and natural fracturing. All pre-drill tenders have been issued and a drilling rig chosen. We expect that the well will provide UKOG with a quantum leap in knowledge of these unique KL reservoirs.

Our planning permission also includes the ability to flow test the well for up to 14 weeks. If successful, and provided the tests are encouraging, KOGL would aim to apply for permanent production status from BB-1 by the end of 2018.

Due to our 100% ownership, if BB-1 is a discovery of similar nature to HH-1, it could result in three times the overall net oil production impact to the Company compared to Horse Hill. Furthermore, should BB-1 ultimately prove our hypothesis that KL oil lies within a wider resource deposit, the licence's 300 km(2) area could hold around three times the recoverable resources of the Horse Hill licences.

Consequently, it is our viewpoint that a successful outcome from the BB-1 programme could have a highly material and transformational impact upon the Company.

[moneymunch] 22/5/2017 08:22

Lol....the snide cohorts are upset because their plan hasn't quite worked out....Ukog's share price is much higher than they were hoping.....Gla holders sub 1p will not last for long....news from Broadford Bridge imminent!!! ;-)

[funkmasterp12] 22/5/2017 08:17

(I have moneymunch on filter, no doubt the above bangs on about being "fully funded" and something about it all being "transformational". Caveat emptor.)

[moneymunch] 22/5/2017 08:04

Lol funky monkey, Ukog have more than enough cash for the most exciting and defining phase of their development, confirming how much oil is recoverable, the numbers could be breathtaking, and so you and the other snide lowlife cohorts can bleat on as much as you like about future placings, as any future funding will be some what irrelevant to proceedings if expectations on how much oil is recoverable, is confirmed. Gla holders and we're going to find out in the coming weeks and months....BB imminent, HH ewt's Q3 2017....potential transformational upside ahead!! ;-)

[funkmasterp12] 22/5/2017 07:30

"How long will the £6M last? Even modest capital expenditure and that £6M won't last long."Exactly. The only other option of generating any money is to use the loan facility on offer (until October) but that means even more dilution. UKOG is still months away from generating any cash and they'll have to place again and again until they do, which may never even happen.

[moneymunch] 22/5/2017 06:46

Brent now at $54 plus and rising...and OPEC meeting this Thursday,

"Among the scenarios being considered by the panel were a six- or nine-month extension with a possible deeper cut, sources said"

all bodes well for Ukog et al on confirmation of free flowing high quality oil in commercial volume. FILL YA BOOTS.....sub 1p will not last for long....news on the spudding of Broadford Bridge anytime now. Gla holders ;-)

[moneymunch] 21/5/2017 22:17

Lol frigid....watch and weep. Gla holders, news on BB imminent, 1p plus plus on its way and transformational upside on confirmation of free flowing oil in recoverable volumes. Onwards and Up!!! :-)

[frjdnverijtnhj8568934] 21/5/2017 22:10

UKOG raised £4M at 1.5p only 12 months ago. They spend £2M just keeping the lights on.

How long will the £6M last? Even modest capital expenditure and that £6M won't last long.

There will probably be another placing next year and going by the trend so far it will be at 0.5p or below.

With 25% of the company's shares bought at 0.8p available for sale shortly I'd be amazed if the shares go above 1p any time soon. That would represent a massive 25% profit for the placees. It would take 25 years in a bank account to get that return.

Good luck all. I think you'll need it.

[frjdnverijtnhj8568934] 21/5/2017 18:47

The ramping here is absolutely comical. 25% of the company has been placed at 0.8p. Why? Because that is the best price they could get that's why! If the company was worth what you clowns are suggesting they'd be placing shares at 2p,3p,4p,5p etc because institutions would be falling over themselves to invest.

[moneymunch] 21/5/2017 15:30

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.

[...]

[theuniversal] 21/5/2017 12:42

Forgot to add in there to dived by 3.41bn shares. To get finale share price for BB alone

[theuniversal] 21/5/2017 12:40

Cheers moneymunch. Whats the facts so far on BB. i.e how much oip per sq mile x its sq mileage x (by b/e cost TBA. but we know from DOR its between $5 and $10 or 2000bopd to 1000bopd free flow.) SS said for now its $40 so we are looking at $13 x oip per sq mile x BB sq mile 100% owned licence =?

[moneymunch] 21/5/2017 12:09

Cheers TU, it looks nailed on from this rockbottom low and it looks very likely that all the limestones are connected vertically, and so the well would be able to produce from all levels at the same time, and of course by the time multi-pad horizontal well sites are established, you can imagine the potential of breathtaking recoverable volumes. Gl ;-)

The HH‐1 well test data also indicate that the fractures in KL3 and KL4 could be vertically connected. Consequently, we believe that the well may have connected to a much larger fractured‐reservoir “tank” than the the two individual limestones tested. It is, therefore, possible that natural fractures within the shale may also
have directly contributed to measured oil flow. This observation has important and positive implications for the quantity of oil that could be recovered from a Kimmeridge well.We will, of course, know more after the upcoming long‐term tests.

ps DL in a recent interview was very excited about the log data at Brockham that confirmed that the Kimmeridge clay is highly naturally fractured either side of the naturally fractured limestones......and according to DL this increases the oil play at Brockham to over 300m as opposed to the 230 feet of the thickness of the 3 limestone strata combined, and a similar scenario is also evident at HH according to Febuary's Final Results confirming the likelihood of naturally fractured Kimmeridge clay, as well as the limestones. Gl ;-)



pps always a good sign when the lowlife snides are out in force.....a sure sign of plenty of imminent upside to come...back to 1p plus before you know it ......news on BB coming!!! Gl ;-)

[theuniversal] 21/5/2017 11:11

Sorry missed a 0 in the 700,000,000 calculation x $48

[theuniversal] 21/5/2017 11:08

Hi moneymunch looks like you got your paid TW trolls work cut out on here. There has been a SCC mole giving inside onfo too media news papers and third party swampies. The QC has rightly looked into this and heads WILL be roling on this one..the extended flow test for HH (31%)and BB (100%) any oil will be sold at a api premium $3 bopd as mentioned in the dor presentation. The Kimmeridge layer for BB and or HH could mirror that of brockham 800ft play see DOR presentstion so we are looking potentially from kimmeridge 2000 to 8000 bopd free flowing then theres the coralian, oolite and portland. Plus as in the DOR presentation possible more potential layers. Anything over 2000bopd could reduce the break even cost below $5 to $10 (see DOR presentation.) I just worked out a 10% recovery rate JUST for BB 100% owned 700mil using current B/E cost of $40 bopd gives us as of today using brent at $53 is $13 profit X 700,000,000 = 98,000,000 ÷3.41bn shares = 2.17p ($v £) just for BB and basic sums for oip. Note if we used octopus drill x 10 mean avg. Then x that by how many you can use per well x how many wells used on a pad...if UKOG used just one well with 1 octopus drill x10 flow rate and got a total flow rate for all layers x6 including 70%decline of 13,000bopd (wytch farm is close to 15,000 of top of my head) with break even of $5 =$48 x 70,000,000 =33.6bn ÷3.42bn shares =$9.85 or £7.6 just for BB alone..... food for thought hey!!!! I wonder how much money ukog could earn from the ext. Test for both BB and HH? and what would they spend that money on....

[moneymunch] 21/5/2017 10:52

"Conservative pledge will release the weald oils potential thanks to the lobbying of ss and team at Ukog credibility of nutech and slumberger reports and the voice of ex Nutech executive has paved the way for permitted development With HH 1684 bopd BB 14 week test Brockham summer production Lidsey 2017 autumn a pattern will emerge for the weald to be valued as a whole and a fdp created for future sites and progression."

[moneymunch] 21/5/2017 09:35

Lol frigid, get back to the Alba thread you pathetic sad troll.....Gla Holders 1p plus plus on its way. :-)

ps we all know the sordid company you keep. ;-)))