Uk Oil & Gas Share Discussion Threads

[kemche] 16/1/2019 13:22

datait2 - in one word "billions".

[datait2] 16/1/2019 13:18

"The share price is by no way an accurate valuation of the company and it's assets" wtd wrote.

wtd you dont have the CPR, i dont have the CPR so how can the value be wrong for ukog???

explain.

[kemche] 16/1/2019 13:17

Henchard, No doubt my analysing and contextualising leaves much to be desired when compared to the sage of UKOG that is WTD.

[kemche] 16/1/2019 13:15

Thank you Katsy - that had totally slipped my mind.

Does that mean KL3 has completely dried up in the intervening period?????

KL3 sustained rate of 342 bopd + 300 bopd sustained rate from KL4 = 303 bopd combined????

I ask once again WTBF???!!!!

Obviously continued Vivaing of UKOG!

[datait2] 16/1/2019 13:14

has anyone posted a choo choo rockets icon today

[henchard] 16/1/2019 13:13

PS Can anyone point me to wtd's post where he analyses and contextualises the numbers.

[datait2] 16/1/2019 13:13

kemche log on to lse and post your question to heid or double headed coin or degsey almond or applegarth.

each one of those rampers will sell you the ukog golden ticket story, they may also even sell you a PPI policy.

all imo.

[henchard] 16/1/2019 13:10

kemche - as wtd says, "your average AIM investor will not analyze numbers or contextualize them".

As he has analysed and contextualised them, and decided he's an LTH, maybe you haven't analysed and contextualised them quite enough or else have analysed and contextualised them in not quite the right way.

[katsy] 16/1/2019 13:04

Just to add more confusion

From RNS 15/11/18

- KL3 produced at an initial metered sustained natural flow rate of 771 barrels of oil per day ("bopd"), with a maximum recorded half hourly rate of 902 bopd. The average sustained daily rate over the full test period was 342 bopd. Prior to the final shut-in period the well was producing oil at a stable bottom hole pressure of around 800 psi.

So KL4 only added 9 bopd? the RNS is as clear as drilling mud.

[kemche] 16/1/2019 12:44

I freely admit to being a simpleton but I am simply baffled by the announcement this morning - although I have no doubt that it is astoundingly good. My concern lies with the following from the RNS:


"-- KL4 production from a 103 ft perforated interval commenced during late November, yielding 2,192 bbl at a maximum half-hourly metered rate of 584 barrels of oil per day ("bopd") and at an average sustained daily continuous rate of 300 bopd over the subsequent week."


SO KL4 PRODUCED 584 PEAK AND 300 BOPD SUSTAINED ON ITS OWN. OH GOODY.

THEN :-

"-- Fluid and pressure build up data gathered from the KL4 test demonstrate that the KL3 and KL4 are one single oil pool of 358 ft vertical extent. As a result, and as previously indicated, a decision was made to commingle both KL3 and KL4 production (i.e. produce from both sets of perforations at the same time)."


SO KL4 AND KL3 ARE A SINGLE OIL POOL SO PRODUCE FROM BOTH. OH GOODY.

FOOLOWED BY:

"-- Commingled KL3 and KL4 production from an aggregate 187 ft perforated interval commenced on 4(th) December at a maximum half-hourly rate of 426 bopd and continued throughout the Christmas and New Year period, producing 8,829 bbl of 40deg API crude. The programme included several pressure build-up tests and testing of different pump configurations, settings and equipment."


WTF???!!!! ARE YOU HAVING A GIRAFFE?????

KL4 ON ITS OWN PRODUCED 584 BARRELS AT PEAK BUT WHEN COMBINED WITH KL3 PRODUCED AT PEAK 426 BARRELS???? SO KL3 "SUCKED UP" 158 BARRELS AT PEAK PRODUCTION??? OR KL3 PRODUCED A NEGATIVE 158 BARRELS?????

AND WHAT HAPPENED TO THE SUSTAINED RATE????

BUT DOES THE FOLLOWING CLEAR UP THE CONFUSION OR ADD TO IT?:

"-- Following the installation of a new downhole pump and an optimised surface hydraulic pump unit, stable commingled production resumed on 7(th) January at an increased initial rate of 525 bopd. The sustained daily rate over the subsequent week averaged 303 bopd. A de-waxing treatment applied on 14(th) January led to an increase in hourly rate to 351 bopd. Commingled production continues."

SO AFTER DOING SOME STUFF TO INCREASE THE COMINGLED FLOW RATE WE HAVE 525 BOPD AT PEAK - A WHOLE 59 BOPD LOWER THAN KL4 ON ITS OWN, AND 303 BOPD SUSTAINED RATE, OR A WHOLE 3 BOPD HIGHER THAN KL4 ON ITS OWN.

I CAN ONLY SURMISE THAT WHAT THEY HAVE DUG UP AT KL3 IS NOT IN FACT AN OIL POOL BUT AN OIL VACUUM.

As I say I am not the sharpest tool in the box so maybe those who are brighter than myself can elucidate for the dim amongst us.

However in keeping with my eternal optimism - Viva UKOG!!!

[whattheduce] 16/1/2019 12:42

The share price most likly reflects the timeline being confirmed for the next phase of work. AIM is full of smash and grabbers lurching form one stock to the other - guilty! But I've settled on this one as a real lth despite the way the market works. Also note that your average AIM investor will not analyze numbers or contextualize them. It'll be a quick sell and dump into the next one lined up. The share price is by no way an accurate valuation of the company and it's assets.

[hans christian andersen] 16/1/2019 12:38

and still none the wiser

[hans christian andersen] 16/1/2019 12:04

onetomany - 10 Jan 2019 - 18:09:57 - 118682 of 119184 UKOG strikes oil 2016 - UKOG
Remember. 183. Benedict. 1500bpd.


??? You will have to spell that one out.

[bmcb5] 16/1/2019 11:53

Looking like stale bulls are finally beginning to accept there is no value here.

Of course, the LTH will still be around for some time yet. I reckon it will be sub 0.5p before they capitulate

[bellesimo1] 16/1/2019 11:45

I stopped topping up at 1.58p ffs,I’m glad I did that
But I’m down,elcapital yes you did warned me and all of us I took a risk to get my money back I don’t know really what to do,I git second job as a waiter to earn some tips 40£ a night plus 40£ wages I will get the money back in 6 months

[elcapital2018] 16/1/2019 11:34

I said last year that i thought they will go bust this year. Whichever way, imo, they will be a fraction of the share price by the end of this year. Lots more confetti, but at some stage, even mug punters realise theyre being screwed

[onetomany] 16/1/2019 11:32

I guess now the million dollar question is whether they will go bust. Could end up with a messy D4E and nothing for shareholders. Looking that way unless I'm misreading the numbers. Clarify please.. maybe Kermit can... is it 100 and something from KL4?

[hans christian andersen] 16/1/2019 11:10

I wonder why the trolls have been slowly moving to twitter and lse? AMR. mikeygit
Looks like the remainders have been well and truly screwed!

[bionicdog] 16/1/2019 10:58

Then they all shuffled off without ever admitting that they were wrong.

[elcapital2018] 16/1/2019 10:53

ccr....you have been repeatedly warned. its you that you should be disappointed in, sunshine

[ccr1958] 16/1/2019 10:50

The share price never fails to disappoint.

[hans christian andersen] 16/1/2019 10:49

All the trolls will be "topping up". I call it averaging down and in some cases a bloody long way to go.
You only need to go back 6 months and see which idiots have been "topping up" ever since.

[katsy] 16/1/2019 10:43

Gismo fair enough you can ignore all the trolls as you put it, but the share price is telling you that not all is great, you can't ignore that.

[gismo] 16/1/2019 10:17

Morning Rayrac