Uk Oil & Gas Share Discussion Threads

[ibug] 07/3/2016 10:00

The capacity for a 30 ton tanker is 207 barrels if using the US imperial measurement for a galleon---the British galleon is larger; thus a discrepancy will show. About 42 galleons per barrel.

[paddyfool] 07/3/2016 09:51

Remind me , what is the capacity of a tanker?

[ibug] 07/3/2016 09:44

Some posters are reporting that UKOG may be on the CNN news at 11 am today----so will watch for that.

[ibug] 07/3/2016 09:42

Stock-share
Posts: 282
Off Topic
Opinion: No Opinion
Price: 2.60

3 tankers in and out today already Today 09:35 That's news.

[ibug] 07/3/2016 09:41

there have been tanker arrivals this morning ---- therefore much site activity today.

[thegrumpster] 07/3/2016 09:26

DCC Wytch Farm

Extract:

"There are, currently, approximately 100
Perencoemployees and approximately
250 contract/agency staff working at the
oilfields. The oilfields provide high quality
job opportunities and above average
salaries for employees. An additional 300
jobs within the UK are currently supported
indirectly (e.g. through the purchasing of
supplies and services). Over the extended
period, the oilfields and associated local
facilities are estimated to support, directly
and indirectly, the following total average
numbers of jobs:

Period/annual total Purbeck Dorset UK
per region
Currently 420 440 650
Initial investment 480 510 760
period
(2012-2017)
On-going operational 340 360 540
period
(2018-2029)
Operation' 260 280 440
decommissioning and
restoration (2030-2037)


If permission to extend the life of oilfields
is not granted, all of these jobs would be
lost after 2016. Apart from the employment
impacts, there would be other negative
economic and fiscal consequencesfrom the
closure of the oilfields by 2016, including the
loss of significant levels of tax income for
national and local government.

[thegrumpster] 07/3/2016 08:38

Summaries of Perenco's application to extend the life of Wytch Farm in 2012 to 2037.


Can't find an easier link.



Might have to google.....

August 2012 Extracts:


"The Planning Applications
Over the last forty years, Dorset County
Council (DCC)has granted over 70
separate planning permissions across
the oilfields. The majority of these
permissions are time limited, with
many due to expire in November 2016.
The oilfields have a productive life well
beyond the current time limits.

The planning applications do not seek to
expand the sites themselves or add new
sites. Developments required over the
extended period that are not within the
scope of the current planning permissions,
will be subject to separate future
applications.

Perenco has thus submitted 39 planning
applications to DCC under Section 73 of
the Town and Country Planning Act 1990
(as amended) to extend the lifetime of
the planning permissions to reflect the
predicted productive life of the oilfields


Perenco has considered various alternatives
to an extension of the lifetime of the existing
planning permissions. These are as follows.

+ Relocation of the oilfield infrastructure
outside of the Dorset Area of
Outstanding Natural Beauty (AONB).
This option has been ruled out due to.......

+ Consolidation of oilfield infrastructure
to fewer sites..........

+ Do nothing. This would allow the
oilfields to be restored by 2016. This
would involve the early termination
of a viable source of oil. In the light of
national energy policy, which highlights
the need to maintain domestic oil and-gas
production both to enhance security
of supply and in response to balance
of trade concerns, the oil industry is
encouraged to bring forward proposals
for further investment and development.
Furthermore, closing the oilfield by 2016
would result in significant job losses
in Purbeck.For these reasons the early
closure of the oilfields is not considered
to be a desirable option."
-------------------------------------------

".....the oil industry is encouraged to bring forward proposals
for further investment and development....."

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

The effects of noise, traffic and ongoing drilling are also mentioned.

[ibug] 07/3/2016 08:36

The CEO mentioned just a few weeks ago during an interview after testing zone 3 that new investors were lining up ahead of the full flow test results----it will be very interesting to see who they are imo.

[moneymunch] 07/3/2016 08:24

Given the volume and some massive trades we've seen over the last few weeks, it's more than likely that we'll get one or two 3% plus holdings Rns's as the good news continues imho. GLA Longs ;-)

[ibug] 07/3/2016 08:24

THERE IS A LOAD OF POSITIVE SENTIMENT FOR UKOG---without doubt; because it has a very promising future imo.

[beebong1] 07/3/2016 08:17

You do realise that nominee means "a person or company, not the owner, in whose name a stock, bond, or company is registered" or in other words the shares of private investors. They may include Institutional Investors but none holding more than 3% of UKOG.

[moneymunch] 07/3/2016 08:14

Exactly Cupra Kid, it's totally ridiculous to suggest that there's no correlation to the price of oil and the potential value and prospects of an oil company, be it a small cap explorer or a Major producer, and therefore with a recovering oil price Ukog will be valued much higher on the potential and prospects of oil recoverable which will be determined,......those waiting for full production before any significant upside will miss out big time as the share price is likely to re-rate in leaps and bounds in the coming weeks and months. GLA Longs ;-)

[ibug] 07/3/2016 08:09

Here is a list of the Institutional investors:


Significant & Directors' Shareholdings

Shareholder Name Amount % Holding
TD Direct Investing Nominees (Europe) 171,699,282 8.46%

Barclayshare Nominees Limited 163,931,914 8.07%

HSDL Nominees Limited 138,628,514 6.83%

Hargreaves Lansdown (Nominees) Limited 15942 136,215,771 6.71%

Forest Nominees Limited 129,510,330 6.38%

HSBC Client Holdings Nominees (UK) Limited 97,752,453 4.81%

Hargreaves Lansdown (Nominees) Limited VRA 78,045,561 3.84%
HSDL Nominees Limited MAXI 74,415,125 3.67%

UBS Private Banking Nominees Limited 73,333,334 3.61%

Hargreaves Lansdown (Nominees) Limited HLNOM 72,956,603 3.59%

TD Direct Investing Nominees (Europe) Limited SMKTISAS 64,385,825 3.17%

[cupra kid] 07/3/2016 08:08

As an investor does it matter if it's 6 months, 12 months or 24 months that UKOG go into full production? It only matters if you're trading.

[ibug] 07/3/2016 07:55

About the price of oil----sentiment affects stocks like UKOG especially now they look to be capable of producing thousands of barrels a day.


For the last six months the entire markets of the western world have been tracking the downtrend in the POO----it even affects banks.

And it certainly affects oil and mining company's---take a look at the PMO chart along with its peers....it may prove to be an education...lol

[beebong1] 07/3/2016 07:51

No correlation whatsoever with share price against Brent. Graphs are totally different. I can see POO at $80 before we start producing the way they are going.
Govt. have no power when it comes to statute as that is already set unless they change it and I can't see that happening.
First big hurdle will be local planning which is now 16 weeks fast track process but that still depends on when HHDL submit. Even SS is now talking about 1-2 years if you listened to yesterdays broadcast on the politics show.

[moneymunch] 07/3/2016 07:35

Lol of course it matters that the price of oil is rising, every explorer's share price tracked the fall of oil and now they will track the rise......costings/funding and near/medium and long term sentiment is all based on how much it costs for a barrel of Brent and the higher it goes, the better it will be for all concerned and will certainly add value all round including the eagerly awaited Ernst and Young report/study on the economic assessment of the Kimmeridge and its potential national significance.....gla longs ;-)

[ibug] 07/3/2016 07:29

The POO is a good indicator of profitability especially as many analysts have been predicting higher future prices which are now looking achievable with Brent close to $40USD.


Therefore overall sentiment will start growing.

[funkmasterp12] 07/3/2016 07:25

Exactly. The POO only really impacts overall sentiment and with UKOG flying around on RNS's every other day, it's largely irrelevant.

[beebong1] 07/3/2016 07:23

It doesn't really matter what the POO is at the moment as we are not drilling a well for some time. In fact I can't see one being drilled this year so it's going to be a "dig in and repel boarders" until HHDL/HH get their collective asses in gear and actually make decisions on what is going to happen.
Personally, if the flow test for the Portland is good I would produce from there and drill a new well with side track for the Kimmeridge with extended test. At least that way some income would be coming in.

[ibug] 07/3/2016 07:21

David Lenigas ‏

@DavidLenigas 2h2 hours ago

#oil up 4% right now. Great for #gatwickgusher and @UKOGlistedonAIM as they move to UK's greatest adventure. :).

[moneymunch] 07/3/2016 07:07

Some time this week ibug, and what better than on the day that Brent is back to $40 plus. GL ;-)