Uk Oil & Gas Share Discussion Threads

[moneymunch] 19/6/2017 14:36

Lol funky, great to see the share price pushing North....don't you think??? :-)))

Ps Hobo66, there will be plenty of institutional investors taking up positions on confirmation of free flowing oil in commercial recoverable volumes in the coming months....in the meantime expect plenty of upside from this bargain low as positive drill data and permit news is delivered. On and Up!!! ;-)

[funkmasterp12] 19/6/2017 14:14

Not with a holding of more than 3%, no. Which, given +20% of the company was recently placed to "institutions", gives you an indication as to the degree of their confidence.

[hobo66] 19/6/2017 14:09

If the drilling news is more than just positive the resistance levels could be tested all the way to previous highs. Are there any institutions in the stock yet ?

[moneymunch] 19/6/2017 11:51

Fingers crossed that many will have the same point of view on 1.2p....Significant upside more than likely from current share price on positive drill data and permit news..gl:-)

[induna123] 19/6/2017 11:29

Wish I'd bought more of these when they were 0.85p

[moneymunch] 19/6/2017 11:16

For technical reasons related to a third party data vendor, London Stock Exchange is not reporting any trades which are off order book.gl :-)

[rayrac] 19/6/2017 11:13

👉🏿👍🏽8514;👌✌;🏽

Oh well, that's enough from me?

Still no trades showing though...feeds up the creek

[moneymunch] 19/6/2017 10:41

Get up there....FILL YA BOOTS!!! :')))

[ileeman] 19/6/2017 10:31

Big breakout coming


free stock charts from uk.advfn.com

[moneymunch] 19/6/2017 09:53

Gas is good Ray, they reckon the whole of the oil saturated Kimmeridge interval is gas driven , commercial volumes along with confirmation of commercial recoverable volumes of oil will be well received....and Ukog plan to reappraise the 30 year old Godley Bridge gas discovery next year which is located on the BB license area and set up a Gas-to-Wire electricity generator programme if successful......gl :-)

[rayrac] 19/6/2017 09:39

Do we want gas? Light crude for me @41api

[someuwin] 19/6/2017 09:35

David Lenigas‏ @DavidLenigas · 1 hour ago

UKOG's Broadford Bridge well should be just about at the top of the Kimmeridge today. Exciting times ahead I hope. High chance of gas here!

[moneymunch] 19/6/2017 09:34

On and Up!!! Gla :-)

[ileeman] 19/6/2017 09:04

There are loads of trades.

A lot of the systems are down.

LSE works still.

[rayrac] 19/6/2017 08:56

Still no trades! Are we on strike....or about too?👉ㇿ9;😂🔜

[niceyman1] 19/6/2017 08:20

Brought this morning T2 and not displaying any trade!

[mug3] 19/6/2017 07:57

This BB well is on track. Excellent. I see some poster criticising SS for the last news release. Doesn't he know that oil companies need to report these key events of next casing point and drilling on. It says, if nothing else, that the well is in good order after case and cement allowing the drill to drill on. If this well hits oil, then it's good for the concept that the limestones all over the Weald Basin are interconnected and one very big oil Deposit.

[tmmalik] 19/6/2017 02:44

Look like we are going back towards 2p 1.50 on card as soon as planning approval news land within weeksIf get some oil show this week than may be 3p by end of next month.So good luck all long term holdersMy avg still 2p

[neftanik] 18/6/2017 22:39

Is this guy for real?

[moneymunch] 18/6/2017 09:52

Vertically connected limestones at HH where the oil saturated shale clay between the naturally fractured limestones also appears to be brittle and naturally fractured too, greatly increases the net target oil play ( also witnessed at Brockham as confirmed by drill and log data ) and very likely at Broadford Bridge, and therefore the recoverable volumes of free flowing oil could be breathtaking, given the 50 degree of the drill that will slice through the 4 limestones within the oil saturated Kimmeridge Interval.....Gl holders....Exciting times with massive upside potential....Tick Tock!!! ;-)

HH

Analysis of the HH flow test data clearly demonstrates that natural fracturing is the key parameter that enabled high natural flow rates. We have learnt a great deal about the origin and pattern of this natural fracture system and plan to collect core and image log data from our new wells to help further this understanding.

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.

BB

The BB-1 well, is 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. 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] 18/6/2017 08:42

ps If the "measured depth" is the "vertical depth", then the drill must be in the oil saturated Kimmeridge Interval by now....Gla....Big bounce coming in anticipation of good news coming. On and Up!!!:-)

BB-1 has reached a measured depth of over 830 metres and is now drilling ahead in 8 1/2 inch hole towards the objective. An extensive conventional coring programme within the target Kimmeridge Limestone section is planned to commence next week. The well is now under budget and remains on schedule.

"The Kimmeridge Limestones are expected to be encountered at a drilled depth of approximately 1300-1700 metres, which equates to around 950-1200 metres vertically below surface. "

[mikeygit] 17/6/2017 19:42

Agree Ray---why folk post on here when they do not hold???

[rayrac] 17/6/2017 18:44

No wonder I get indigestion! Too much stress. Tues/Wed could be interesting...for those who hold the shares, of course!