Uk Oil & Gas Share Discussion Threads

[ibug] 03/3/2016 13:53

lol@
wetdreams 3 Mar'16 - 13:49 - 944 of 944 1 0 get back on your potty lol

[forwood] 03/3/2016 13:38

getting fed up with your repeated baseless rumours wet dreams, so moderated!

[ibug] 03/3/2016 13:32

nO BUBBLE FORMING AND NO PLACING COMING----DYOR---LIAR/ TROLL

[beebong1] 03/3/2016 13:26

I know. It was me that posted it on the 18th Feb!

[ibug] 03/3/2016 13:13

well done forwood the header is LOOKING GOOD.

[ibug] 03/3/2016 13:00

Whilst observing the site from a distance there looks to be water tanker movements; this suggests that zone 2 has been plugged and zone 1 perforated. Once the flood water has been removed then flow testing proper of Zone 1 will begin followed by news which can be considered to be imminent.


The share price is getting prepared for a tick up....haha @ shorter's

[forwood] 03/3/2016 13:00

Lol moneymuch, if they just collected their share of what is coming out of the ground at Pedl 137 now, its £6600 a day!

[forwood] 03/3/2016 12:50

Have just amended header to include Nutechs' October 2015 report findings of UKOG's oil in place figures - the original report is on UKOG's website.

Given we have now struck oil, the higher probability figures may be due for revision upwards but they will do for a conservative view of the potential value of UKOG's recoverable oil.

On this basis, UKOG has a 90% chance of owning oil worth £53 billion at today's prices, rising to a 10% chance of owning oil worth £189 billion.

It is why I am so bullish the value of this company and believe the shares are seriously undervalued. Why anyone is selling at these prices is completely baffling, other than by listening to the unfounded assertions of the trolls and detractors.

[beebong1] 03/3/2016 12:46

moneymunch

"During the six months ended 31 March 2015, the most recent period for which results are available, the company's share of production from the Horndean and Avington oil fields in the Weald Basin amounted to 3,434 barrels of oil. UK Oil & Gas collected revenues of £200,000 from the sale of this oil."

I think this was from the unaudited June 2015 6 monthly results.

Would you care to explain why you keep posting history when the company cannot even publish up to date flow figures or revenue stream from fields in the latest accounts.

[moneymunch] 03/3/2016 12:44

Q&A with W.H. Ireland Group plc: UK Oil & Gas Investments PLC

Posted by: Amilia Stone 3rd March 2016

W.H. Ireland Group plc (LON:WHI) Research Analyst Brendan D’Souza caught up with DirectorsTalk for an exclusive interview to discuss UK Oil & Gas Investments PLC (LON:UKOG): Latest flow test results, the significance and what’s next for their Horse Hill developments

 

Q1: Now UK Oil & Gas Investments have made a further announcement today on flow rates from a second zone. Can you tell me why this news was so material?

A1: Yes, let me start off with a bit of the news and then get into why it was material. So what’s happened at Horse Hill with UKOG holding 20 odd percent interest is they had a first interval which was done a couple of weeks back and today they’ve announced the second interval. Now the reason why the news is material is number one, the flow rate which was measured at 900 barrels per day has come in really strongly both in absolute and in relative terms. In relative terms, if you look at what had happened a couple of weeks back now we’re talking about stabilised flow rates i.e. something that’s flowed for a good few hours, not just for a short period of time. So the first interval flowed around 460 barrels so it came on at about 700 barrels and then they had to cut the choke because of the pressure being strong and that ended up flowing at 460 barrels. Converse that with what happened yesterday with the second interval, that came in at 900 barrels and that’s almost twice as the first interval and that’s greatly material because essentially we had validation that this acreage can be produced from just a conventional oil week a couple of weeks back now to add to it we can see that the Kimmeridge, this is the Upper Kimmeridge, the Lower Kimmeridge was done a couple of weeks back, is highly prolific and a combined rate, from the first and the second, of almost 1,400 barrels a day which is really brilliant.

 

Q2: So what do you think is next for UK Oil & Gas Investments and their operations at Horse Hill?

A2: So the Horse Hill operation was supposed to be three intervals and what they were going to do was they’re going to start at the bottom and move up so the next and the final stage would be they are going to get to the upper intervals, or the upper most interval, now this is the Portland limestone interval. This is located about 615 metres under the earth’s surface, this is in comparison with the interval that’s still be flow tested of 840 metres so that’s the next thing. The Portland limestone, that should start I would imagine later this week and we should hear something as to what the results from that is in the next 2 or 3 weeks.

[moneymunch] 03/3/2016 12:35

It's fair to say that UK Oil & Gas Investments (LSE: UKOG) is a very speculative investment. On the one hand, if the company and its partners manage to develop their oil-rich acreage in the Weald Basin of southern England successfully, then UK Oil & Gas could become one of the world's largest exploration and production companies.  

On the other hand, if the firm struggles to develop its assets and problems outside of the company's control emerge, then UK Oil & Gas will join the legions of other failed oil minnows. 

That said, the events of the past few weeks have proven that UK Oil & Gas isn't just another oil minnow that promises the world but fails to deliver. As announced , Horse Hill Developments Limited has conducted a successful flow tests at the HH-1 discovery well, located within onshore exploration Licence PEDL137. UK Oil & Gas owns a 20% interest in PEDL137, a 30% direct interest in Horse Hill Developments and another 1.02% interest in Horse Hill Developments via its 6% interest in Angus Energy Limited.

Diversified assets

Unlike most early stage exploration and production companies, UK Oil & Gas isn't a one-trick pony. The company has a number of assets across the south of England, several of which are already producing oil and revenue for the company.

During the six months ended 31 March 2015, the most recent period for which results are available, the company's share of production from the Horndean and Avington oil fields in the Weald Basin amounted to 3,434 barrels of oil. UK Oil & Gas collected revenues of £200,000 from the sale of this oil. Further, at the end of the period the company had cash and receivables of approximately £8m, with additional borrowing capacity of $9.6m. These figures are out of date, but it's clear that since they were released, UK Oil & Gas has significantly improved its outlook with the upbeat test results from Horse Hill and the upbeat figures from the company's Isle of Wight acreage. 

Set to double 

According to my figures, there's only one set of City analysts covering UK Oil & Gas at present, but these analysts believe that the company's shares could be worth as much as 5p in the near-term -- that's an increase of 134% from current levels. Still, until commercial production officially commences at Horse Hill's wells in the Weald Basin, in my view it's likely that the market will continue to view UK Oil & Gas with a degree of scepticism. So, while UK Oil & Gas might be on the way to becoming one of the UK's premier oil companies, it still has a long way to go, and it will take time for the business to develop existing assets. 

UK Oil & Gas certainly isn't a company for widows and orphans, but if you're willing to take the risk, the company's shares could rise 134% from current levels if City forecasts are to be believed. 

[cashmachine2] 03/3/2016 12:13

Wetdreams

Talking of misleading investors, you've just posted an old article blogged by BDM and posted it as if it was your own words - somewhat misleading don't you think?

Secondly, DL has openly stated there's no requirement for funds at the current time and with the pressure test for the upper Rimmeridge and the flow tests going to be coming from the Portland Sandstone at 615M depth, are fear you're about to catch a rather nasty nose bleed.

The chart is presenting a perfectly base for the W formation and a blast back into the 3's looks highly likely.

I also know you've just lied about WH Ireland - care to explain your info -liar.

[ibug] 03/3/2016 12:11

OFFER JUST ticked up imo...lol


UK Oil & Gas Investments plc
(UKOG) Ordinary Shares 0.01p

Sell:2.45p Buy:2.55p 0.16p (5.84%)

The MACD chart is just about to cross the SIGNAL LINE---onwards and UUUUPPPP

[ibug] 03/3/2016 12:10

Check it yourself in the unlikely reality that you have an HL account...lol

[wetdreams] 03/3/2016 12:09

Ukog about to tick down again..

[ibug] 03/3/2016 12:09

UKOG HAS EXCELLENT PLANS imo:


I think people should understand that a horizontal well generally results in quite a significant increase in flow rate and recovery, the rule of thumb as a minimum, it’s about a 3 times multiplier on the flow rate that you get from a vertical well so I think for us the future of this year is going to be heads down, doing a lot of field development planning and submitting plans to local authorities and the other regulatory bodies in the UK.

[wetdreams] 03/3/2016 12:08

I bug are we misleading investors again ..I think so they were not all buys..

[riggar] 03/3/2016 12:06

ukog one big con

[ibug] 03/3/2016 12:05

CURRENT MARKET TREND:

Proportion of UK Oil & Gas Investments plc shares bought/sold on the current trading day:

Shares sold: 33% Shares bought: 67%

[ibug] 03/3/2016 12:04

TOP TRADES THIS MORNING:

Time / date Buy / sell Volume Price Value
09:24 - 03/03 Sell 1015023 2.52p £25,578.58
08:42 - 03/03 Buy 1000000 2.60p £26,000.00
08:23 - 03/03 Buy 1000000 2.55p £25,500.00
09:41 - 03/03 Buy 1000000 2.57p £25,700.00
10:43 - 03/03 Buy 988650 2.53p £24,991.00
09:11 - 03/03 Buy 985181 2.58p £25,393.04
09:04 - 03/03 Buy 971379 2.55p £24,771.14

[ibug] 03/3/2016 12:00

UK Oil & Gas Investments PLC Q&A with CEO Stephen Sanderson: Latest Flow Test Results
Posted by: Amilia Stone 3rd March 2016



Q3: So what’s next for UK Oil & Gas Investments PLC?

A3: I think I should have mentioned that one of the take-aways from this high rate is that clearly, in terms of commerciality, we’re going to be looking to try and get to commercial production as soon as possible.

I think one of the main things to take away from these high rates is that they clearly give a much quicker payback than we ever thought, that improves the economics and clearly lowers the cost per barrel which makes it more robust to lower oil prices.

It’s also quite possible now that the recovery could be much higher than the 5% target that we were mentioning in 2015, I mean other limestones in the United States like this actually recover nearly 10% so we could be looking at twice as much recovery.

So to answer the ‘what next’, I think we now plan to get all of the regulatory permits in place to actually come back to this well, test the vertical well in the limestone zones and then we’ll do a horizontal sidetrack into one or possibly both of these and flow that over a long time.

I think people should understand that a horizontal well generally results in quite a significant increase in flow rate and recovery, the rule of thumb as a minimum, it’s about a 3 times multiplier on the flow rate that you get from a vertical well so I think for us the future of this year is going to be heads down, doing a lot of field development planning and submitting plans to local authorities and the other regulatory bodies in the UK.

[wetdreams] 03/3/2016 11:58

As ever yours truly has managed to get the info no one else can, on the Horse Hill players. I can exclusively reveal that UK Oil & Gas (LON: UKOG) (As well as others) are lining up a huge placing on the back of their Horse Hill success story. The last piece of the jigsaw fell into my lap this afternoon. Our City sources have confirmed it. It’s a tightly kept secret however we have four different sources all confirming that the Jermyn St bat phones have been buzzing since last week putting out the placing feelers. Not only on UKOG but on most of the HH players. There’s a big dilutive placing being lined up, we believe it could be as high as £10,000,000. UKOG results released today make interesting reading

The current market conditions will almost certainly mean that it will have to be heavily discounted. This shouldn’t come as any surprise to all those who know how the market at this level works. There’s a big promotion going on to get the UKOG share price up to higher levels so they can reap the benefit and place into it. CEO Stevio Sanderson has been doing the rounds on the ‘Promo Circuit’ these are the usual precursors to placing’s. Regardless of what cash they held circa £4.5M in todays RNS. Make no mistake. They’ll go for a cash and grab while their share price is buoyant.

They’ll be seeking to get as much money in as is humanly possible. Like most of the placing’s that come out of the Jermyn St offices, they’ll move very quickly, the placing will be done within 24/48 hours after they give the greenlight.

At current levels the placing would have to be sub 2p on a 30% discount. What that means is that any one holding at these levels will automatically take a kick in the teeth.

News from the site is being tightly managed but we think the Upper Kimmeridge will not flow at Lower Kimmeridge levels. Educated guess possibly up to 150bopd. We did hear that 80-100 bopd had flowed but could not confirm this. Looks to me like they are trying to get the Upper Kimmeridge up as high as possible to keep the good news story going, hence the delay in news. Once they announce phase2 and phase3 they will seek to place.

Remember once all the hullabaloo/news dies down after the flow testing (like most AIM stocks) the Horse Hill players will slowly start to fall in value until the next phase of operations start to hone interest again. Repeat cycle.

[wetdreams] 03/3/2016 11:53

WH Ireland in full swing I am hearing on the placement..you got it first here..lets see at what price...