Uk Oil & Gas Share Discussion Threads

[moneymunch] 27/6/2017 20:16

Lol cheers, if longing to be popular makes him happy then that's up to him, but he was bragging about betting short when we were accumulating sub 1p, and that's what makes me happy...2m plus Ukog golden tickets sub 1p.....and almost all those that were negative now appear to be holders after Ukog's stellar rise on Friday. Gl Ray...more good news imminent and another big bounce coming. On and Up!!! :-)

[rayrac] 27/6/2017 20:09

Mm, because mc said he had a big one?

Could we get some big news tomorrow. I feel it in my water that we will.👉ӿ99;💧🚰;🔜

[thegrumpster] 27/6/2017 19:46

Wonder if the oligarch still wants to invest in another oil asset?

They might not even bother to stop him.

[thegrumpster] 27/6/2017 19:38

Bit of a dig in today's Times in the Business Commentary column: (p43)

You'd think they'd have kept up with things.

------------------------------

"Oil be damned

You can't keep a Russian Oligarch down. Mikhail Fridman had a go at buying some nice North Sea oil assets before the government stopped him on Ukraine sanctions grounds.
So what do you think ministers will do now?
The oli's only in for another oil play, this time the cod liver variety.
He's agreed to pay £1.7 billion for Holland and Barret, home of 240 capsules for £15.49 (please don't take them all at once). Not only that, there's primrose oil, Moroccan Argan oil, jojoba oil and even A'Kin pure radiance rosehip oil, presumably for when you're achin' quite a lot. Indeed there's so much oil to be promoted it's a wonder David Lenigas of Gatwick gusher fame isn't involved.
Apparently H&B mad more than £150 million ebitda last year on £610 million sales.
So it's far more profitable than most oil companies, even if no one alive understands its pricing.
Anyway, happy drilling."

[markycrispy] 27/6/2017 19:21

Votes close at 8am tomorrow

[moneymunch] 27/6/2017 18:53

DL at his finrest and excited about Brockham , HH and the amout of oil in the Weald....he reckons as low as $10 extraction costs, maybe even $5 on good flow......Ukog's May 2017 presentation gives a conservative $21 a barrel extraction costs at BB....obviously the more oil produced, then the lower the costs...

ps Many industry experts are expecting oil to head back to $70 plus and more next year....Gla holders...more good new imminent...Ukog is heading for the BIG time!!! ;-)



A Major Re-rate in share price coming!!!....Massive upside for Ukog on confirmation of an oil discovery at BB......and estimated extraction costs of $21 a barrel and 100% interest on every barrel........a major re-rate ahead.... Gla ;-)

What is the Kimmeridge Limestone Play?

Four naturally-fractured, Kimmeridge Limestone reservoirs (KL1-KL4) - Regionally continuous over SE of UK ~1500+ sq miles - Encased in likely oil generative Kimmeridge shale (KCF)- Shallow: c.~800-1300m below ground surface

Presence of Kimmeridge oil demonstrated to date by: HH-1 flow tests: stabilised rate of 1365 bopd dry oil (2 zones: KL3, KL4)

Numerous wet gas and oil shows in legacy wells

To date, data supportive of likely Resource or Continuous Oil Deposit - Zero water production on test, no free water or oil water contacts interpreted on logs

- Nutech calculate oil saturations throughout KCF (1000-1800 ft thick) over ~1000 sq miles

Scale - ability: multiple wells per 3-6 acre site, multiple pads per licence

Low drillex and devex costs, potential for rapid investment payback

KL Development Concept: Possible Scale and Assumptions 100 million barrel reserve potential from UKOG existing licences

Multiple wells in ~2 ha sites

Target Initial rate 1000 bopd per well (HH-1 1365 bopd)

Target recovery 1MMbbl/well

Production costs estimated @ ~ £17/bbl or $21/bbl

Horizontals and/or slant wells

Multiple completions and co-mingled production

Natural flow then pump (ESP)

htp://ukogplc.com/ul/Corporate%20Presentation%20May%202017.pdf

[rayrac] 27/6/2017 17:23

Yous a lady then! They'd be ugly little bug,ers that's for sure.🐒

[ileeman] 27/6/2017 17:22

Looks like it wants to break much higher, break 2.5p then 3p+.


free stock charts from uk.advfn.com

[markycrispy] 27/6/2017 17:14

I love UKOG this week - I want to have its babies

[villarich] 27/6/2017 17:10

Big news tomorrow. Watch for the RNS at 7am. This is gonna move

[bobby.ifa] 27/6/2017 16:22

Forget about Brent for now, lets get those reservoirs verified & the infrastructure in first, let alone the battle with the Council & the swampee brigade.

[rayrac] 27/6/2017 16:20

Brent hits $47+, that must help later.

[moneymunch] 27/6/2017 16:15

Lol so says no shares electric, maybe betting short with any luck....Gla holders Looks like we could have the update on the next limestone core zone...and EA flowtest permit as well as WSCC had a planning meeting today and so an opportune time for the EA to confirm approval...confirmation of free flowing oil in commercial volume at BB will be a company maker ..and Fawley Refinery isn't that far away for a pipeline in the not too distant future....Transformational upside awaits. :-)

[rayrac] 27/6/2017 16:13

Another coat cpap...just started raining so have to wait...something like we do here?

But I'm a patient man...sometimes!

[timw3] 27/6/2017 16:13

Days highs being paid. Bodes well for the rest of the week. next leg up to 3p starting

[pauliewonder] 27/6/2017 16:12

Momentum building and rising into the close.