Uk Oil & Gas Share Discussion Threads

[niceyman1] 07/3/2016 07:07

Testing this week!

[ibug] 07/3/2016 06:58

It will be very interesting if we get an RNS today to see what the combined discovery flow rate becomes.

[moneymunch] 07/3/2016 06:44

Business | Mon Mar 7, 2016 4:04am GMT
Related: Business

Oil jumps as traders close short positions, US producers cut rig count

Chief market analyst at CMC Markets said "there's a good prospect that Brent could hit $40 ... (it) could easily do it in the next trading session."

[moneymunch] 07/3/2016 06:35

BRENT at $39.43.......Onwards and Upwards!!! GLA lucky ones...;-)))

htp://www.livecharts.co.uk/MarketCharts/brent.php

[ibug] 06/3/2016 21:30

UKOG ‏@UKOGlistedonAIM 4h4 hours ago

Focus on #HorseHill today @BBCSPSE hxxp://bbc.in/1p8EsCr at 46min. Steve Sanderson special guest with @GreenKeithMEP & @julian_brazier





i AM SURE HE ONLY REFERRING TO A SINGLE WELL---before developing 12 multi pads to create huge production rates further down the line.

[ibug] 06/3/2016 21:28

David Lenigas ‏

@DavidLenigas 10m10 minutes ago

I recall some crazed blogger saying as he sat in his Gatwick Airport hotel room - that there would be no oil under Gatwick! Foolish words.

[ibug] 06/3/2016 21:26

Tomorrow looks very promising....excellent dialogues here tonight.

[moneymunch] 06/3/2016 21:04

Might come in handy for Ukog's IoW prospects, especially the old pipeline, now redundant but presumably still in place, and obviously any onshore pipeline for HH etc would be much cheaper than offshore. GLA ;-)


Southern Gas Networks (SGN) is hoping to have tunnelled its way into the record books after completing a £20 million project to replace the undersea gas pipeline from the mainland to the Isle of Wight.

Engineers have drilled two tunnels up to 30 metres underneath the Solent seabed to lay a new 3.8km gas main from the mainland coastline at Lepe on the edge of the New Forest to Gurnard near Cowes, in what is believed to be the longest drill of its kind.

Gas is now flowing through the new dual pipeline, and has been connected with the existing network to provide a secure and continuous supply for the islands 56,000 gas customers. The new pipeline officially opened on Friday, 23rd March. It replaces the three old lines, installed in 1966, from the mainland to Egypt Point.

The cross-Solent gas pipeline has taken 18 months to construct and follows four years of planning, involving surveys, trials and lengthy consultation with relevant authorities.

The complex under-sea drilling was completed using directional drills specialised hydraulic machines which are operated from land.

They drilled two separate tunnels underneath the seabed from both sides of the Solent with the drill-heads meeting in the middle before the new gas mains were pulled through and the supply connected

A new pressure reduction station has also been constructed at Gurnard, regulating the pressure of the gas as it is distributed through the network across the island.

John Morea, SGNs Chief Executive Officer, said: while fulfilling their function perfectly well, we were aware the existing pipelines between the mainland and Egypt Point had a limited lifespan due to their age and the nature of their location, resting on the seabed.

A new undersea pipeline, while complex to lay, was the logical step forward, so our planning began back in 2008 when we started working on the concept, and began our preparatory consultations.

Read more at

[datait] 06/3/2016 20:32

This is a no brainer watch as the share price rockets folks certainly not one to be out of.

[thegrumpster] 06/3/2016 20:27

There are existing pipelines between Gatwick and Fawley. They've been there since the second world war and are each used for several refined products. If a new one for crude were planned, it would unlikely to be rejected out of hand as the existing pipes have been operated, maintained and renewed when required, through sensitive areas, with no major problems or protestations, for donkey's years.

Pipelines obviously depend on how much oil there is, not on who is having a hissy fit at the moment. Pipelines would obviously have to be be built by someone with deeper pockets than UKOG, and IMO with the apparent flow rates so far (if true), any multiple of horizontal wells will overwhelm truck transport.






There are only a few onshore crude oil pipelines (green)

Gatwick Fawley is about 75 to 90 miles, depending on route



(Refined products....not crude. But an indication of how seriously oil is taken....if there is sufficient oil there, it will be taken seriously IMO.)

"Post-WW2, whilst remaining a national top secret, ownership was passed to the Ministry of Defence (MoD), who delegated operation to the Oil and Pipelines Agency (OPA) on the MoD's behalf. Private-sector usage was encouraged, but limited; the OPA's task was to provide "maximum development of private sector usage of the GPSS, provided this did not impinge upon its primary purpose of supplying the required fuel for defence purposes and did not require capital investment from public funds." As a result, the pipeline was extended and developed to allow connection to: all UK-based oil refineries and major fuel processing depots; as well as all major civilian airports - including Heathrow, Gatwick, Stansted and Manchester - during the period of the Cold War. As a result of the 2000 fuel protests, Defence Secretary Geoff Hoon instructed the MoD to plan for extension of the GPSS to beat any future fuel blockade.

To ensure the continual operation of the pipeline, from the start of operations the RAF were instructed by the MoD to fly-over the entire 1,500 miles (2,400 km) system daily, and report back any hits/problems - until its sale in 2012, this procedure was undertaken by the RAF daily.[3] Post-WW2, the locations of CLH-PS pipelines were marked with identification posts with bright yellow roofs with a thick black line. Even so, in March 2000 at Furness Vale near Whaley Bridge, High Peak, Derbyshire one of the lines was cut by workmen

In May 2012 the UK Government announced plans to sell all or part of the GPSS[4] and legislation to enable it to do so was included in the Energy Act 2013.

Three years after announcing the plan to sell GPSS, on 20 March 2015, the GPSS was acquired by Spanish oil network operator Compañí;a Logística de Hidrocarburos (CLH) for £82m.[5] The MoD also signed a contract with CLH for the military to be continued to be supplied with fuel via the GPSS. The sale did not include the six coastal Oil Fuel Depots owned by the MoD, which continued to be operated and maintained by the residual OPA"

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



Renewing the Wytch Farm crude oil pipeline. Through sensitive areas.

Not a protester in sight.

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



FWIW Ecological surveys after the Wytch Farm Southampton pipeline construction.

[thegrumpster] 06/3/2016 19:47

Multiple horizontal wells will require an additional pipeline to the refineries.
IMO tankers will not be up to the task.

[daithedeath] 06/3/2016 19:43

The Amish spring to mind #everything horse drawn ;-)

[thegrumpster] 06/3/2016 19:34

"Lol Thegrump......that's for the vertical well, a horizontal multi-pad well, as planned, will run and run and run......exciting times ahead."

IMO he is only talking about the existing well.

Future horizontal wells are in addition, and will multiply the rates over the vertical hole, for each horizontal well they drill.

Interesting that the horsey types taking of compensation will be relying on their trendy polluting shagged out, diesel guzzling 10mpg horseboxes and 20mpg four wheel drive towing vehicles for many years to come. Don't think anyone has even considered designing an electric horse box so far.


If they were truly green and environmentally friendly, they'd probably have to drastically curtail their "hobby". No sign of them showing any willingness to do that for the greater good.

[theuniversal] 06/3/2016 19:31

BBC= biased, bigoted, censorship.Good ole aunty died years ago... paid puppets for grandeur masters...I wish those mid to long term all the best and good fortune. ..TU

[moneymunch] 06/3/2016 19:02

Exciting times ahead for all invested....gla ;-)

"what we're looking at is something of potentially National significance with the wider Weald contains a very considerable volume of oil"


"HH flow rate is very very high, it's actually the highest stable flow rate of any well in the UK onshore"

[whoppy] 06/3/2016 18:45

Crikey..some ignorant people associated with that BBC programme. Makes you wonder how well researched their other stories are not to mention the political guests. Appalling shrill politics.

[beebong1] 06/3/2016 18:25

moneymunch
SS is clearly talking about horizontal wells 53m into the interview as the description is for the conceptual design. The bopd from the vertical well is not high enough for a tanker every 2 hours.

[moneymunch] 06/3/2016 17:56

Lol Thegrump......that's for the vertical well, a horizontal multi-pad well, as planned, will run and run and run......exciting times ahead. GL ;-)

[thegrumpster] 06/3/2016 17:47

@53.27 minutes into the interview:

"..... minimise the road traffic impact....for instance at Horse Hill the plan is that the peak oil which is only about 9 months or so will have about one tanker every two hours...."

[moneymunch] 06/3/2016 17:37

HH and the recoverable oil across the Weald will be potentially far far bigger than Wytch Farm, given the the known extent of the kimmeridge Interval, and very much like Wytch Farm, oil production will happen discreetly with the majority of the public oblivious to the existence and location of the well sites, considering how many brown field sites there are across the Weald, which would potentially be ideal locations....GLA lucky ones....this will be huge in the coming weeks and months on confirmation of the millions if not billions of barrels recoverable. ;-)))



The oil production from Wytch Farm peaked at 110,000 barrels per day in 1997 compared to 6,000 barrels per day in 1984. The oil production, however, gradually declined since then to 50,000 barrels per day in 2002 and to 16,000 barrels per day in 2011.


Wytch Farm in Dorset is in the heart of an Area of Outstanding Natural Beauty. But you would be forgiven for not knowing the largest oilfield in western Europe is even there.

Nestled in a pine forest near a nature reserve and on islands off Poole Harbour, the oilfield owned by French company Perenco has been quietly producing thousands of barrels a day since the late 1970s, by means of a form of fracking called 'water injection', also known as 'water flooding'.

At one point the oilfield had the longest horizontal drill in the world and has regularly pumped water into wells to fracture the rock and force out oil and gas.

Academics say that this so-called fracking has been used on 200 wells across the UK over the last 20 years or so.

[thegrumpster] 06/3/2016 17:27

UKOG
‏@UKOGlistedonAIM

"First oil from #HorseHill 177 barrels of high quality crude oil." ......assume that it's full.

(Caption for photograph of tanker )

[moneymunch] 06/3/2016 17:21

A great interview by SS under the circumstances ( 46 minutes onwards ), and further coverage to potential investors....CNN next to spread the word...gla lucky ones....more good news this week imho.....GL ;-)