Uk Oil & Gas Share Discussion Threads

[rayrac] 22/5/2017 22:38

I agree mikey, the manifesto is a real let down. Absolutely crazy, and there we all were, thinking she might be another Maggie of sorts!

I think we are in for a real upset! From my point of view anyway.😡9301;

[moneymunch] 22/5/2017 21:58

Lol a Theresa landslide looks nailed on...in the meantime selective memory from snide and co as they continue to display their desperation as Ukog's share price holds firm and gets ready for its bounce back to 1p plus...gla holders News from BB coming.:-

Ps the 50m trade from Friday at 0.81p....who had them to sell??? Obviously someone who expected the share price to fall below the 0.8p placing price as per the opinions expressed by the detractor cohorts with their incessant mantra that the share price would plunge below the placing price, and are still determined to undermine deter and discourage.....so far they've been proved wrong ho Ho Ho...On and Up...1p on its way.;')

[mikeygit] 22/5/2017 20:24

The Conservative Manifesto is one of the worst I have seen!! Trying to get a greatly increased Majority?? Narrowing the Pension increase possibilities, stopping 900000 schoolchildren having Free Lunches, and the shambles of the Care Costs----nothing about getting UK back on its feet, jobs creation, infrastructure etc. The world has seen some strange elections recently---Trump, Brexit France and now possibly UK elections??---and they say football is a fun old game!!

[rayrac] 22/5/2017 19:47

No, I'm worried about Corbyn too! Just imagine the state of the country after four years communist rule...and the unions in charge, because that's what it would be!

Frightening, scary!

[rayrac] 22/5/2017 17:20

Too true mm! There's going to be knashing of teeth by those missing out and those with bad feelings toward this co.

Some very foolish people indeed!

[moneymunch] 22/5/2017 16:08

Tick!!! Gla holders Buy 'em cheap while you can. ;-)

[mikeygit] 22/5/2017 14:48

Thanks--Funky!!

[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.