Uk Oil & Gas Share Discussion Threads

[rayrac] 24/6/2017 08:21

Well done mm, keep them coming!

Btw, do you think you might become a advfn bluey? I.e. Pay £6+ week for continuous feeds? Or are you happy as you are? Perhaps you have another source?

I find it a bit frustrating first thing in the day when market opens, but it's better later on. But the temptation to go blue again is a tough one!

[moneymunch] 24/6/2017 07:56

Oil found at Broadford Bridge drilling site

Exploratory oil drilling at Broadford Bridge near Adversane has uncovered oil in the Kimmeridge limestone.

Samples showing ‘mobile light oil’ were announced today, with chairman UK Oil and Gas Stephen Sanderson calling the finds a ‘significant and positive result’.

The Broadford Bridge drilling site The Broadford Bridge drilling site Protesters have been campaigning against the site for several months over environmental concerns and fears of water contamination.

The drilling has a permit from the Environment Agency, which assesses the risk to water sources. Mr Sanderson said UKOG would ‘continue our coring and drilling programme and then move to an extended flow testing operation upon the grant of the remaining necessary regulatory permissions’.

In a statement to shareholders, UKOG said oil was observed ‘seeping from open natural fractures’ with the rock 4080ft down showing ‘saturated’ and ‘heavily oil stained’ rock matrix.

The 160ft worth of core samples will tested extensively, but UKOG believe the oil could extend more than ‘30km from north to south across the Weald Basin’.

Read more at:

[blueball] 24/6/2017 07:49

Should be something in todays Mail James.

[moneymunch] 24/6/2017 07:04

UKOG‏ @UKOGlistedonAIM

BROADFORD BRIDGE UPDATE: “This is a significant result at such an early stage,” says chairman Steve Sanderson

UKOG‏ @UKOGlistedonAIM

BROADFORD BRIDGE UPDATE: Significant oil seeps from early core samples: oil saturated Kimmeridge Limestones

[cpap man] 24/6/2017 06:55

This one Rayrac plus ANGUS ENERGY [ANGS] for me!

Enjoy the w/e....

[moneymunch] 24/6/2017 06:44

The following report was published before Ukog's acquisition of Broadford Bridge. Gla holders ;-)

Ernst and Young Report



The so-called Gatwick Gusher, a shale basin in the United Kingdom, could add as much as $74 billion to the nation's economy, a study finds.

U.K. Oil & Gas Investments commissioned Ernst & Young to examine the future potential of oil production from the Weald shale basin.

"Assuming it can be extracted from a development site at the volumes projected by U.K. Oil & Gas, has the potential to generate significant economic value to the U.K. economy," the report read.

Oil & Gas U.K., the industry's lobbying group, said the North Sea oil sector is in for a long period of decline, with less than $1.4 billion in new spending expected in 2016. Inland shale, meanwhile, has the potential to add between $10 billion and $74.6 billion to the British economy in gross value, the commissioned report said.

Operators are working to assess the potential in the shale area by testing the Horse Hill-1 oil discovery. Preliminary estimates made by the company last year put the entire Horse Hill reserve total as high as 100 billion barrels of oil. If its full potential is reached, the future production from the area could provide as much as a quarter of the nation's total oil demand over its lifespan, based on 2014 demand levels.

The field, locked in a geological formation called the Kimmeridge Limestone, is about three miles away from the Gatwick Airport, earning it the nickname the Gatwick Gusher.

Stephen Sanderson, the executive chairman of U.K. Oil & Gas, said developing the shale basin could make a significant contribution to the British economy. Oil is already flowing at nearly three times the expected peak rate.

"It is therefore possible that the overall economic impact of Kimmeridge Limestone oil could be significantly higher than this initial report describes," he said in a statement.

[moneymunch] 24/6/2017 06:24

RNS maybe monday:

David Lenigas @DavidLenigas
Now I'm really looking forward to next UKOG update. Hopefully Monday. A whole weekend of coring through new oil Deposit in the Weald Basin.

[stallone10] 24/6/2017 00:16

So what is the valuation potentially on this news?

[rayrac] 23/6/2017 23:46

Crude oil accounts for 40% of the world's total energy needs. It is vital for the production of gasoline, jet fuel and plastics. The largest consumer of crude oil is the United States using almost 20 million barrels a day. China is the second largest consumer of crude oil with 8 million barrels a day. One barrel of crude oil contains 42 gallons of oil.


Just look at the scope of catch-up between China and the USA! Then think of all the other nations of the world who can't yet get their hands on crude to any significant extent. There's a vast untapped market for crude, and they'd have you believe the market is at its peak for its use!

Oil is a precious, depleting product that has an increasing demand. Figure it out!

[james_jones] 23/6/2017 23:13

20/20 hindsight again blueball haven't you figured that out yet?

[rayrac] 23/6/2017 23:02

Already in ANGS, SOLO, ALBA and of course, a few million in UKOG. But I don't think I compete with mm!🤔

[fund1] 23/6/2017 22:12

The person who bought 10 million at 1.58 is going to have a good time. Nice.

[temmujin] 23/6/2017 22:11

sold all mine at 4.25pm and piled into angus..you know
it makes sense

[mikeygit] 23/6/2017 21:59

markycrisp-----because I live in Spain!!! Otherwise I would and for the wife!!

[markfrankie] 23/6/2017 21:19

well done you lot !!!!!!!!!!!!! the start or things.
i almost got in here 2 weeks or so ago, ukog was on my local news a few days before.
i hope us in ujo can follow your example ............someday

[jack jebb] 23/6/2017 21:19

barnetpeter

The big money was hoovering everything up in the last 2/3 weeks. Look at the volume.

[blueball] 23/6/2017 21:17

stay long.

[moneymunch] 23/6/2017 20:54

July 2016
Our extensive experience, paired with our proprietary petrophysical technologies, allowed us to confidently predict an accurate volume estimate for the Horse Hill-1 well from our initial assessment,� said Allen D. Howard, executive vice president and chief commercial officer, NUTECH. “The completed flow test has yielded extremely positive results allowing this well to have one of the highest performing wildcat test rates in the history of wells drilled onshore UK. We are pleased to have been a part of proving the exceptional significance of the HH-1 well for not only the Weald Basin, but for all of the UK, and look forward to continuing to work alongside the contracted alliances as long-term production tests are conducted.

1/3/2017
llen Dee Howard, aged 39, has been appointed as Non-Executive Director. Allen is Senior Vice President of Houston-based Premier Oilfield Laboratories, having previously been Chief Operating Officer of well analysis experts Nutech. Allen also held senior positions with Schlumberger. He holds a degree in Chemical Engineering from Texas Tech University and an MBA from Mays Business School in Texas.

Stephen Sanderson, UKOG's Executive Chairman, 

Allen Howard brings a wealth of technical expertise in well analysis and completions, huge experience and knowledge from the US onshore sector, plus a global network of industry and finance contacts. He is a hugely valuable addition to our Board to help move our Kimmeridge Limestone exploration assets into production."

[gismo] 23/6/2017 20:38

Bought more again today mm, just couldn't resist. Getting heavy into these now :-)) gl