Uk Oil & Gas Share Discussion Threads

[ibug] 04/3/2016 13:55

Time for UKOG to pony up and ride the wave of success into the production phase of development.

[robbie1424] 04/3/2016 13:41

Think the mms were going after short sellers stop losses which they will keep tight control of.
Monday news for sure so lets see how the last few hours play out.
Interesting times ahead for ukog

[moneymunch] 04/3/2016 13:40

I think UKOG will stay independent as long as they can unless of course they get an offer they can't refuse....they're certainly not a one trick pony given the potential of the rest of their license blocks and I'm sure their plan is to develop into a mid cap producer....a process that looks likely to be fast tracked given the breathtaking success so far at HH. Gla exciting times ahead. ;')

Ps Brent now at $37.7 plus.....and rising ;-)

[jlondon] 04/3/2016 13:26

Sorry if my post was not clear. There is a lot of "talk" elsewhere and the reply that Mr Lenigas gave on Twitter was that there a "major" may turn up re:placement. The code here is future placing for the longer capital needed.

Lenigas never talked about takeover or reverse takeover, I am suggesting that as a quick EXIT> someone like Caudrilla which is in the UK, once run by Lord Brown, ex BP have $30 billion equity raised and with Lucas their partner, they can take the whole Weald on. Mr Lenigas takesthe money and us shareholders via Caudrilla paper. Right now, Cuadrilla is not listed on the London Stock Exchange.

If UKOG moves along the proving timeline, then the Weald goes into play.

All shareholders will now wonder if UKOG is going alone or bring in seed capital. So yeah, its just an idea from a shareholder.

Not quite sure but if it is confirmed that "majors" have already visited HH, then it may be a farm in. The talk of French majors is NOT confirmed.

So, all in play - an academic discussion only.

[ibug] 04/3/2016 13:19

Higher production volumes in the thousands of barrels is far cheaper to extract that low volume wells. Even with development costs loaded and amortised across a tight two or three year schedule ROI.

And that is what institutional lenders will find attractive about the Weald production developments.

[ibug] 04/3/2016 13:09

News should break out early next week as the testing schedule runs its course and conclusion on testing zone 1 and the combined flow test assessment of the entire discovery.


We might witness combined flow rates in the region of 2000 bopd without a side track---that number could multiple with horizontal drilling when production wells have been drilled and put on line.

[moneymunch] 04/3/2016 13:08

Couldn't agree more Simon, and normal fluctuations given the amazing potential ahead as the weak are flushed out and others take their profit. Gl

Ps Brent now at $37.5 plus....Onwards and Up!!! :-)

[ibug] 04/3/2016 13:05

UKOG is ripe and ready for a takeover at this juncture in its development portfolio; plus the fact the company has a great deal of expertise now in the Weald basin lower kimberidge limestone thanks to the CEO who also happens to be a highly qualified and experienced geologist about this specific type of discovery having worked in North Sea oil developments.

[simon8] 04/3/2016 12:59

For what its worth not sure I believe all the talk of leaks and imminent news... I feel that the share price is trying to find its plateau ahead of the next big move post completion of this well.
There has been a significant rise in the share price and for many it hasn't reacted as they expected post the second zone news...it is still the very early part of the development of the weald and as such for the share price too. Last few days have seen lots of ups and downs...it will find an equilibrium soon.
Hoping it has found its floor now.

[ibug] 04/3/2016 12:58

jlondon --- very interesting set of possibilities imo....so many opportunities in the play right now as well as returning material real value for shareholders.

[football] 04/3/2016 12:55

jlondon take the trip to the USA with a pinch of salt if you've got something worth selling works in demand they come to you and you don't go looking for them

[moneymunch] 04/3/2016 12:48

Brent's now at $37.42 and rising....the most perfect storm brewing for Ukog and its shareholders....gla....;-)))

[beebong1] 04/3/2016 12:46

If they are "putting pipes into the ground" my guess is they are preparing to perforate the Portland. Video is not clear enough to see what they are actually doing. Looks like they are doing the same as they did last weekend IMO so I'm not expecting any news soon.

[robbie1424] 04/3/2016 12:43

Thanks Si wondered were they had gone to.
Looking good for a big rise and hopefully mind blowing results

[football] 04/3/2016 12:42

If I had a penny for every time I heard 5p I wouldn't need to invest in shares as I would be multimillionaire by now


gla

[robbie1424] 04/3/2016 12:42

Looks like the mms want your shares as taking all comers at around 2.7
Stocking up for a big trek north and news on the way

[datait] 04/3/2016 12:41

Glad I topped up.

[datait] 04/3/2016 12:40

Great news coming our way Monday morning folks will rocket over 5p without a doubt.

[beebong1] 04/3/2016 12:38

Where can we buy these stealth tankers? Obviously swampy and his mates keep missing them. Must be the gas coming from the site or is it the hot air?

bambuser.com/v/6136322

[ibug] 04/3/2016 12:32

That equates to approximately 800 barrels of oil then....heads up..:-) and a high flow rate imo.

[datait] 04/3/2016 12:25

There has been 4 tankers in and out this morning.

[simon_64] 04/3/2016 12:18

Here we are Robbie

'Y' Late Trade

They could have been bought or sold at any time over the last three days as they have to be reported within three days.

[simon_64] 04/3/2016 12:12

Looks like there was a major order being filled when we were taken down possibly the reason for a huge increase in the derampers and trolls to help facilitate the order being filled by shaking out nervous holders.

Robbie

They will appear as late trades I guess as they are above the NMS.

[ibug] 04/3/2016 12:05

Nice to see the share price ticking up again...when another approach to 3p is made we may experience higher steady state levels well above the current trading range.

UK Oil & Gas Investments plc (UKOG) Ordinary Shares 0.01p
Sell:2.70p Buy:2.75p 0.21p