Uk Oil & Gas Share Discussion Threads

[gpback] 03/3/2016 09:35

#OUT #Outsourcery “Buy” Investec Securities 33P price target potential of remote working

[wetdreams] 03/3/2016 09:35

So then money munched how is Ukog going to raise funds ..very simple question for a simpleton ...if you look at other company's in hh and what the % they hold and there assets you will then understand why Ukog is so over valued...clear as day to me..I also believe this will rerate but it will be down from today's share price not up..I see there is another sell off today ..sorry to say but this will be the norm untill around 1p....atb

[moneymunch] 03/3/2016 09:30

Ps wetfart, of course Ukog will raise funds to develop their prized asset, unless of course a Major steps in and carries all costs, but at the moment Ukog have almost £5mn cash in the bank with access to another £9.6m drawdown if required.....and so unlike the vast majority of AIM listed small cap explorers, there is no immediate need for cash and therefore no need for a placing anytime soon, hence the warrants exercised recently and the comments made by your favourite entrepreneur DL.....gla holders ;-)))

[moneymunch] 03/3/2016 09:24

Simple Simon. ...get over yourself FFS. ...and try to provide useful information without the constant criticism of others....gl :-)

[wetdreams] 03/3/2016 09:20

Guys we know hh has oil but the problem here is Ukog market cap is far too high with there 20% in hh plus other assets ..cash burn is going to and has been high..the Money needed is 10s of millions to get Ukog assets on line..now you tell me how this will be funded without a placement or two..

[datait] 03/3/2016 09:15

This is a great op to top up this is going to be huge nothing to worry about here.

[ibug] 03/3/2016 09:06

Interesting news about Xodus---they have been doing the well planning for UKOG thus related.

Xodus delivers ‘world first’ gas modelling for Australia Pacific LNG Thursday, Mar 03, 2016

Xodus Group has delivered a new Integrated Production Modelling simulation suite for Origin to run complex scheduling scenarios for the Australia Pacific LNG project.

[ibug] 03/3/2016 08:50

Well that is the point MPET are very short of money---and that might result in either a farmin or sale of HH by MPET---they said they will decide either way post flow test results after the EY report.


Either way more opportunities are coming UKOG'S way fairly soon.

[beebong1] 03/3/2016 08:40

"During the quarter ended December 31, 2013, the Company executed a farmout of the Horse Hill prospect on PEDL 137 to Horse Hill Development Ltd ("HHDL"), a wholly owned subsidiary of Angus Energy ("Angus"), a privately-owned UK based exploration and development company. Pursuant to the terms of the farmout, HHDL is obligated to fund 100% of the cost of drilling a vertical exploratory well in order to earn a 65% working interest in the license. Drilling of this well is subject to obtaining final planning permission, and the well will target conventional oil plays in the Portland Sandstone and Corallian Limestone.

The Horse Hill-1 well lies within the license area of PEDL 137. Pursuant to a farmout agreement executed in December 2013, HHDL is the operator of and owns a 65% interest in both the license and the well, and Magellan is carried 100% for its 35% share of the costs of this well, including drilling, testing, and completion costs."


I'm pretty sure from here on in Magellan will have to put hand in pocket for any cash calls. Lets just hope they stay the silent partner and let HHDL get on with the business.

[ibug] 03/3/2016 08:32

MM---you're right---this will re-rate, it seems the company have a plan to reorganise hence the EY impending report to substantiate potential and value here.

It may be suspected that M&A activity may ensue to consolidate the partners into fewer entities. And perhaps that is why DL is going to meet an oil major in the States next week.

[moneymunch] 03/3/2016 08:29

Leave them to it ibug, they've called this wrong all the way from sub 1p and are in complete denial and still obviously very much desperate......and with the documented potential and prospects of millions if not billions of barrels of recoverable oil, UKOG's future and shareholder's fortunes look nailed on imho. GL ;-)

[ibug] 03/3/2016 08:16

The trolls are still very active on the other threads---so this one looses it's audience....shame.

[1bonanza] 03/3/2016 07:39

Lydman WetpantsOnce again, why are you here? Do you stare through people's Windows on your paper round and see things you wish you had? Is that like being here and if only you had purchased at 1.2p like we told you too. Oh dear.

[wisteria2] 03/3/2016 07:38

Moneymunch. Yep Gatwick and surrounding area will become the Aberdeen of the oil industry!

[moneymunch] 03/3/2016 06:41

From small cap explorer, UKOG is on a one-way trajectory towards being a FTSE 250 mid cap oil industry player. GLA ;-)

[wetdreams] 03/3/2016 02:30

Well well well what have we here...looks like a sell off which I did say would happen..Ukog so over valued it hurts..back to under 1p this will go ..that's the only sure thing here...

[thegrumpster] 02/3/2016 22:27

From iii:

""The well was shut in at 0600 01 March for a 12-hour pressure build up test"
-------------------------------------------------------------------------------------------------------
Seems like they will release another Rns very soon. This pressure build up test is to boost the flow rates. imo"

From the Oilfield Glossary:


"....Buildup tests are the preferred means to determine well flow capacity,..."

" buildup test
English | Español

1. n. [Well Testing]
The measurement and analysis of (usually) bottomhole pressure data acquired after a producing well is shut in. Buildup tests are the preferred means to determine well flow capacity, permeability thickness, skin effect and other information. Soon after a well is shut in, the fluid in the wellbore usually reaches a somewhat quiescent state in which bottomhole pressure rises smoothly and is easily measured. This allows interpretable test results.
See: drawdown test"

[thegrumpster] 02/3/2016 21:25

Not in here. Not a particular fan of DL, or his mate PL, so might steer clear for the time being.

Just been reading up out of interest. (Didn't expect it to flow that well).

FWIW

Shows the existing refined oil products pipelines in the UK.



Whoever operates these (probably mainly buried) pipelines will have the ongoing right of access for maintenance and any other issues, so it should not be an impossibility to get permission run another pipe alongside an existing pipeline, even if it is through conservation areas?

From Wikipedia: Wytch Farm

"Environment

Most of the field is protected by various conservation laws, including the Jurassic Coast world heritage site, Purbeck Heritage Coast and a number of sites of special scientific interest, areas of outstanding natural beauty and nature reserves (including Studland and Brownsea Island), so the gathering centre and most of the well sites are small and well screened by trees. Directional drilling has also contributed to reducing the impact on the local environment, with extended reach drilling from the Goathorn Peninsula attaining distances in excess of 10 km"


".....Oil is piped about 91 kilometres (57 mi) from Wytch Farm via Fawley to a terminal on the far side of Southampton Water at Hamble, for export by tanker..."

The record for horizontal drilling was around 11km a couple of years ago.





If it gets any more flakey in the Middle East, it might just be that our dear leaders start taking energy sources closer to home more seriously.

[ucretin] 02/3/2016 19:33

This could result in a bidding war from the likes of Exxon Mobil, BP, Total etc Offshore exploration is expensive with enormous running costs for the infrastructure. £Bns will be saved over the potential lifetime of the onshore licence. This is a long term hold (I am invested) and any bid will be after a lot more flow testing. What's the chance of UKOG speeding things up by testing more than one site at a time?

[niceyman1] 02/3/2016 19:31

Tullow me thinks,don't think they'll be interested in horsehill?