Uk Oil & Gas Share Discussion Threads

[ch4p_85] 02/3/2016 07:59

Hey all now interested in the horse hill story. Is there a NPV calculation anywhere? Have a good day folks

[rayrac] 02/3/2016 07:58

The less the pressure drop, the larger the field. That been my belief.

[datait] 02/3/2016 07:57

Watch and weep as this pulls away and them who didnt get in realise how wrong they were lol.

[ibug] 02/3/2016 07:57

UKOG have incredible potential.


On completion of flow testing the portland the next step is to start exploratory production and more well heads to establish the Xodus multi well concept which might yield 12000-14000 bopd.....the possibilities are really that huge.

And can be achieved through organic growth using the existing 4-5 million GBP + $11 MILLION USD credit line.

[temmujin] 02/3/2016 07:56

Test vs Production for newbies..Today 07:43During testing adjusting the choke will effect flow rates... basically, the smaller the choke... the less oil produced but it will flow at higher pressure. Opening the choke will reduce the flowing pressure. So test results with high initial opening flows and then lower average production rates are very common as the well is tested at various pressures. This should not be confused with a well decline rate which can only be established over a period of months/years of gradual decreasing output or a production rate which is typically much higher. This well obviously flows conventionally and naturally at a very high rates without any stimulation or enhanced recovery techniques and in production you would expected multiples of these numbers. DYOR.

[cashmachine2] 02/3/2016 07:56

Well for those that would like to see calculations of what UKOG is potentially worth, take a look at this recommendation from last year and the associated details. Much has changed to the positive and a huge amount of risk eliminated. 13.1p for UKOG for their 20% and that's based on P50 success and a resource size that's about to be increased significantly.http://www.directorstalkinterviews.com/uk-oil-gas-investments-plc-dowgate-recommend-strong-buy/412669614

[moneymunch] 02/3/2016 07:54

Ps Ray...flowtest data is beyond all expectations.....gl :-)

[mpclag] 02/3/2016 07:53

Rayrac-this is a test vertical well. Horizontal octipus will give a multiple of these rates.

[rayrac] 02/3/2016 07:51

Average flow rate...838...so as low as 600bllspd? That's quite a drop from 1000?

And a 1" choke. That's quite large!

Or should we listen to you guys?

Just trying to see through the mist

[simon8] 02/3/2016 07:49

I know they have no cash... but they own the license interest so are on the hook for 35% of costs going forward post any carries.... they need to raise funds to pay not farm in to a license they already own

[mpclag] 02/3/2016 07:49

Remember MPET own 35% of the two licences not of HHD. HHD owne the remaining 65% of the two licenses and UKOG own 30% of HHD plus a small indirect stake. They also have other licenses (Isle of Wight etc). Very fragmented at the moment, but I reckon this will soone become consolidated with UKOG holding a majority stake.

[datait] 02/3/2016 07:48

The Government wont want to waste any time in moving things forward as they well know that this is great news and will help to get the Country's debts down. The oil price continues to rise which is looking to get better and better and just in time for us all to reap the rewards.

[ibug] 02/3/2016 07:47

NEW INTERVIEW


Interviews » UK Oil & Gas Investments Plc CEO Stephen Sanderson & WH Ireland Analyst Brendan D’Souza


UK Oil & Gas Investments Plc CEO Stephen Sanderson & WH Ireland Analyst Brendan D’Souza

Posted by: giles.arbor 2nd March 2016

www.directorstalkinterviews.com/uk-oil-gas-investments-plc-ceo-stephen-sanderson-wh-ireland-analyst-brendan-dsouza/412694487

[simon8] 02/3/2016 07:47

money - it said the same thing..... there are far too many duplicated posts! I am as positive as the next person on this company and prospects but get so bored of having to scroll through so much reposting

[moneymunch] 02/3/2016 07:46

Because mpet have no cash....do some research for a change!!!

[simon8] 02/3/2016 07:45

ibug, if MPET already own 35% of license why do they need to farm in?

[moneymunch] 02/3/2016 07:44

Simon. ....it was the latest article from Proactive Investors and not the Rns...try reading it before criticising!!!!

[ibug] 02/3/2016 07:43

That is for the experts to decide post flow testing.


But it will be a good opportunity for a major player to enter the projects.

[mpclag] 02/3/2016 07:40

so what value can we put on a 35% stake (DIRECT STAKE) in the license?

[simon8] 02/3/2016 07:40

Money - is there really a need to repost the transcript of the RNS, I think we can all open it and read it for ourselves - its excellent news, yes...but please!!!!

[datait] 02/3/2016 07:39

More Excellent news. This is huge for us for Britain.

[ibug] 02/3/2016 07:38

MPET IS A CASH DISTRESSED BUSINESS -- last June shares traded at about $3 USD.


After the Ernst Young audit/ valuation MPET will decide whether to sell HHDL or farm in.

[mpclag] 02/3/2016 07:37

MPET have no cash! I reckon they will be offering their stake in the license very soon.