Uk Oil & Gas Share Discussion Threads

[rayrac] 26/6/2017 17:52

My apologies T2. Shouldn't have said anything against you at all!

But there are some on this thread who have come from nowhere and enjoy putting down other people's investment! Why? Envy perhaps, having come late to a winner, that is just at the beginning of making oil field history in the U.K.

Once again, my apologies and good luck with your life!

[t2 pgs] 26/6/2017 17:52

Telbap your probably right sadly ....and jimmyloser yes it has been ramped probably more out of hope than expectation but the fact is I didn't make numerous posts banging on about how high or low the share price would go I made one post sighting my opinion and that was the reaction......and the result only reaffirmed really why I choose to rarely post.

[moneymunch] 26/6/2017 17:49

Lol Jack and so how come you were invested here if you're so sceptical...about Ukog's prospects...there are plenty of snides who come on here to talk down the share and try and discourage, all claiming to be experts yet know sweet FA about the facts and obviously have done no research....the reason why the Kimmeridge was missed by BP, Esso and many other majors is because the kimmeridge lies at such a shallow depth that they all thought no oil would have been produced at such a shallow depth, and all their drills were targeting deeper formations looking largely for gas, and so the kimmeridge was overlooked never tested ...of course normally they would be correct that at such a shallow depth, no oil would ever be thermally produced, but they didn't realise that the Kimmeridge Interval used to lie far deeper a few million years ago, where it was thermally mature to produce oil, before it was pushed further to the surface to it's current level by the movement of the earth's crust.....apart from a very brief test at Balcombe by Cuadrilla, Ukog were the first to flow test the Kimmeridge limestones within the oil saturated shale ineterval at HH where the flow exceeded all expectations....and the same is expected at BB as far as the recent drill data suggests as well as Brockham....the leading experts Nutech and Schlumberger have made an assessment of 124 billion barrels across the Weald, much of it within Ukog's license area's....a small fraction of Nutcech's assssment will be a game changer and company maker for Ukog...Gla holders the detractors are still in the denial and have done little research...On and Up.....drill results from BB imminent. Gl ;-)

Establishing commercial production

UKOG said analysts Nutech had estimated the Broadford Bridge well could have 7.12bn barrels of oil in place in Kimmeridge limestones and shales.

Stephen Sanderson, UKOG's Executive Chairman, said:

The BB-1 [Broadford Bridge] well is designed not only to test a geological mirror-image of the Horse Hill Kimmeridge oil discovery, but, more significantly, to also seek to establish whether Kimmeridge Limestone oil is truly an extensive resource play.

If so proven, given the sheer size of the PEDL234 Licence, our 100% interest, and the existence of further multiple identified drilling targets, the impact of BB-1 success would likely be transformational.

Our wider strategy over the forthcoming 18-24 months aims to de-risk the overall Kimmeridge Limestone oil play, both commercially and geographically.

Through the planned extended production testing, sidetrack and new well at Horse Hill, the goal is to establish that the Kimmeridge can be brought into commercial production.

[bionictwat] 26/6/2017 17:20

Those warrants were eaten up today done and dusted

[c31161] 26/6/2017 17:19

I think we may be seeing the start of a retrace

[telbap] 26/6/2017 17:18

Lol!!.....0% chance of that TP..

[bionictwat] 26/6/2017 17:10

Massive day tomorrow when the tide turns uber positive again.

[vitec] 26/6/2017 16:57

Freudian slip.

[wisteria2] 26/6/2017 16:28

Vitec, that adds up to 110%!!

[datait] 26/6/2017 16:28

market makers wanting cheap stock

[vitec] 26/6/2017 16:19

I cannot believe that you are harping on about BP searching in Southern England. Loads of prospective miners mine for gold. 10% make very good money, 30% make some money or break even and the other 70% go broke. The point is UKOG have found oil and probably found it big. That's all the counts. The world needs oil and the oil is in the Weald. Who is the biggest player holding all of the cards, UKOG, NOT BP, Shell, Mobil, Texaco, Exxon little old UKOG.

[poleaxe] 26/6/2017 16:14

You are right Jack, i thought BP had been searching all over southern England funny they did not find this, and right about Lenigas too, just look at his operation in Trinidad.

[timw3] 26/6/2017 16:13

looking weak into close and lots of sells. Doesnt bode well for tomm.

[wisteria2] 26/6/2017 16:10

Not valid. Its bloody ironic!!

[vitec] 26/6/2017 16:10

JJ your analysis in my opinion has flaws in it when it comes to a newbie finding oil. Everyday things like mobile phones, the internet etc are taken for granted but when they were invented it was a slow take up. They didn't think trains would catch on. The fact is UKOG have found oil and it seems they have found it big. Many things are found and invented and then purchased by much larger companies. That is the way of the world. Their is nothing wrong in being skeptical, does not mean you cannot hold a few shares!

[jack jebb] 26/6/2017 16:05

I remain deeply sceptical about all this. Happy to make my 100% in less than a month and will happily wade in again if and when appropriate.

Lenigas is not a person in whom I have the utmost trust.

Given all of the world's major oilers have a presence in London, how come a small newbie has suddenly found billions of extractable barrels right on their doorstep?

I wont comment anymore, as I too find non holders posting negative comments annoying.

However, my point is valid.

[vitec] 26/6/2017 15:57

MM, what was the estimates for the number of barrels for BB?

[vitec] 26/6/2017 15:53

An honest answer. Even though the MCap seems high the RNS's are pointing to a huge oil find. In my opinion it does not matter who gets it out of the ground, its getting out of the ground that counts. I do not think going forward that will be UKOG by itself. I think a major company will come in and develop the Weald and that is a completely different ball game. I had shares in Venture and eventually they got taken out by Centrica. This has the same feel to it and multiples of the share price will be needed to give shareholders fair value for the assets they own. I wish you luck whichever course you take.

[moneymunch] 26/6/2017 15:53

Lol Jack...you've sold out on an update on BB's drilling operations....the major near term upside will happen when they reach target depth and full results are released including extensive core and log data, which is normally the case on any successful drill....the big players have been mopping but the major institutions will be buying on confirmation on the fine detail....A potential Major world class oil discovery of what appears to be of mega proportions....the flowtests expected 2nd half of July will confirm exactly how much oil is recoverable.....if Ukog's expectations are realised just on BB, then Ukog's share price will multibag....they own 100% of every barrel with extraction costs estimated at $21 a barrel...the current price of Brent is $45 plus....and high quality oil as witnessed in the Weald commands a $3 plus premium to Brent....the numbers could be breathtaking.....and with Horse Hill's extended flowtest permit expected mid July...Ukog is all set for some serious upside from here....Watch and Weep!!! Gla holders On and Up!! ;-)