Uk Oil & Gas Share Discussion Threads

[moneymunch] 25/5/2017 17:23

Hope everyone was filling their boots....gla holders Boom time!!!!:-))


LONDON (Alliance News) - UK Oil & Gas Investments PLC on Thursday said it has commenced operations at Broadford Bridge-1 in the PEDL234 licence in the Weald Basin, UK.

UK Oil & Gas said the drilling rig and key equipment necessary to drill the Broadford Bridge-1 Kimmeridge Limestone well are now on site. All regulatory permissions are now in place and drilling is therefore expected to commence shortly.

The BB-1 exploration step-out well will test a geological look-alike to Horse Hill, located on the southern flank of the Weald Basin, and is, therefore, designed to test both the southerly extension of the Kimmeridge Limestone oil play across the Weald Basin and its development within the licence.

The drilling will use conventional oil field techniques to test four naturally fractured Kimmeridge Limestone reservoir horizons, the uppermost two of which were successfully flow tested at the company's Horse Hill oil discovery in 2016.

Once drilled, cored and logged, the well will be completed as a potential oil-producer and flow tested.

"The BB-1 well will add materially to our knowledge and understanding of the Kimmeridge Limestone play within the licence and across the wider Weald Basin. BB-1 is a key piece of the Kimmeridge Limestone puzzle," Executive Chairman Stephen Sanderson said in a statement.

Shares in UK Oil & Gas closed up 4.0% at 0.190 pence on Thursday.

By Karolina Kaminska; [e-mail]; @KarolinaAllNews

Copyright 2017 Alliance News Limited. All Rights Reserved.

[moneymunch] 25/5/2017 13:17

Lol smell the desperation....gla holders :-)

[galashiels] 25/5/2017 11:59

If these companies (all or some) are behind any AIM listed company, people should look at the dilution history of that company, in general they may find dilution - consolidation - dilution pattern, no matter how good the company, if you are going to keep getting diluted to keep a company afloat, what's the point, It's you who are feeding money to them, source of income is shareholders.

Cairn Financial Advisers LLP
www.londonstockexchange.com/exchange/companies-and-advisors/aim/for-companies/nomad-broker-profile.html?nomadBrokerId=312

WH Ireland Limited
www.londonstockexchange.com/exchange/companies-and-advisors/aim/for-companies/nomad-broker-profile.html?nomadBrokerId=101

Hybridan LLP
www.londonstockexchange.com/exchange/companies-and-advisors/aim/for-companies/nomad-broker-profile.html?nomadBrokerId=290

Daniel Stewart & Company Plc
www.londonstockexchange.com/exchange/companies-and-advisors/aim/for-companies/nomad-broker-profile.html?nomadBrokerId=134

Northland Capital Partners
www.londonstockexchange.com/exchange/companies-and-advisors/aim/for-companies/nomad-broker-profile.html?nomadBrokerId=22

Do go back and check those penny stocks that you may have been diluted out in the past, were these companies all or some may be behind those companies too?

You were hit with a large discounted placing recently, so you do know what it feels like to wake up to a 50% hit, now the question is any of the above behind this company advising to hit you hard?

[cpap man] 25/5/2017 11:44

ANGS like UKOG also moving northwards again this morning....can see ANGS running up soon to perhaps a share price of 25p+

[moneymunch] 25/5/2017 10:48

Me and the share price both.....Gl ;-)

[fardels bear] 25/5/2017 10:40

Off you pop, then..

[moneymunch] 25/5/2017 10:38

Lol....i've got to be somewhere important soon.....and so plenty sssshhhhhh coming. Gl ;-)

[fardels bear] 25/5/2017 10:30

Not at all.. Uninterested party. I can't hear the herd though above all the noise you are making.

[moneymunch] 25/5/2017 10:27

Lol....you're not another know it all detractor still waiting for 0.8p and below, are you??? ;-)

[fardels bear] 25/5/2017 10:09

Doesn't sound like it to me.

[moneymunch] 25/5/2017 09:41

Sssssshhhhh......is that the sound of the herd getting ready for the stampede.....1p will be gone soon enough.....Yee Ha!!! Gla holders ;-)

[moneymunch] 25/5/2017 08:39

On and Up!!! ;-))))


"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 very soon......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 and maybe drilling at Holmwood ......exciting times for those invested...FILL YA BOOTS!!! ;-)



A modest 1000bopd from BB at a conservative $15 net profit a barrel (with Brent at $55 a barrel) to Ukog = $105,000 a week x 48 weeks ( allowing for 4 weeks down time throughout the year ) = $5,040,000 net per annum.....or $18,480,000 gross, and so undoubted transformational potential for Ukog and its shareholders, with expectations of much higher flow rates, lower extraction costs with higher net profit per barrel and the potential rising price of oil.

[moneymunch] 25/5/2017 06:51

Brent at $54.45 and rising...Opec meet today with expectations for deeper and extended production cuts......All bodes well. Gl ;-)

[moneymunch] 25/5/2017 06:26

The EA public consultation opened 16th March and closed 13th April, and so news must be close, unless of course they want the General elections out of the way first. ;-)

[moneymunch] 25/5/2017 06:23

It's a variation to the original EA "Waste Management Permit" which was submitted/requested by Ukog, as their main target of operations now is the Kimmeridge limestones/interval, following the outstanding Kimmeridge flow at HH, the original permit was focused on the Portland. Gl ;-)

[zed2002] 25/5/2017 00:30

moneymunch,

The website states Permit in place and drilling to start first half of 2017. Is this Permit not the same as EA Permit?

[hugepants] 24/5/2017 22:22

so why the discounted placing

[moneymunch] 24/5/2017 22:11

Lol you tell that to the share price then.....sub .9p has probably gone, sub 1p by Friday if you're lucky ...don't delay. Gl ;-)

[mikeygit] 24/5/2017 22:04

Yes MM but 20% of the value of UKOG shares have to get through the system and that is not done in just a few days???

[moneymunch] 24/5/2017 19:51

ps the smart money is accumulating for the stellar prospects ahead, and i reckon a lot of the new shares will be held tightly for far greater returns now that Ukog is all set for their most exciting and defining phase of development. 100% of BB 7 billion plus barrel potential and HH's eagerly awaited extended flowtests...TICK TOCK good news imminent!!! ;-)))

[moneymunch] 24/5/2017 19:46

ps check out RGM and SOLO's sp's after their placings....good news was delivered and their sp's went up 3 and 4 fold days later....Ukog still expects BB to spud this Q2 2017.... Onwards and UP!!! ;-)

[moneymunch] 24/5/2017 19:42

Not sure that's correct mikey, the share price was trying to push North at close and it will continue from now on in....1p plus is on its way.....and news on BB will see it push towards 2p.....watch this space. Gl ;-)

[mikeygit] 24/5/2017 17:26

Funk--thanks and I guess you are right---so many uncertainties at the moment. My hunch--and it IS only a hunch---is that we will not see any real share price movement until after the election and maybe JULY/AUG-those months and after is crunch time for ALL those in the Weald consortium IMO!!

[funkmasterp12] 24/5/2017 16:03

mikeygit - you won't know the exact answer to that question, but +20% of the company isn't suddenly going to be cleared in a few days, especially if one or more of the placees want to dump a significant amount of stock (there was a delayed sell of 75m shares reported yesterday which may be just that).

There'll be an overhang for some time in my opinion. There's also only a couple of days left for any TR1s to be declared if any of the placees took over 3% and intend to hold. Place your bets now as to whether we'll see any - my guess is that you won't.