Uk Oil & Gas Share Discussion Threads

[gizmogizmo] 12/8/2019 19:53

Price rises 28% in a couple of days and trolls still moan.if it continues to rise at that rate then I for one will be happy.
As for a certain poster copying and pasting then posting war and peace ..WHY ??

[gizmogizmo] 12/8/2019 19:22

And who started the rumour about approval not being granted (OHHHH YES IT WAS YOU)

JOG ON TROLL.

[amr2017] 12/8/2019 19:16

Onetomanyies,

Yet another made up prediction, so we should expect full permission granted and a surge in the share price.

I can’t work out if you are a complete and utter idiot or just....

No actually I can work it out you complete and utter twa.!

Thanks for the never ending gifts and oh enstow on us actual shareholders, it helps to pass the time enormously!

[hans christian andersen] 12/8/2019 19:15

3 planning applications and Estimated date to committee;

HH SCC Ref 2018/0152 is 11/09/2019
Dunsfold SCC Ref 2019/0072 is 16/10/2019
Dunsfold SCC Ref 2019/0108 is 11/09/2019

Working on the principal one of those on the 11th will be put back there is quite a good chance 12M is correct. The question is which one?

[onetomany] 12/8/2019 19:08

Was told to remove this

[atino] 12/8/2019 17:38

...u ain’t even in...“Atinos”...time-zone 🙇😉😤

[atino] 12/8/2019 17:37

(🕵️‍♂️ 4 hrs ago) New operations approved for West Newton oil and gas site

Cold venting, nitrogen lifting and acid squeeze have been approved at Rathlin Energy’s oil and gas site at West Newton in East Yorkshire.

The Environment Agency (EA) confirmed last week it had accepted variations to the site’s environmental permit.

The changes relate to plans to test the flow of oil and gas in the second well at the site, known as WNA-2. Testing operations are due to start soon and are expected to run for four to eight weeks, 24 hours per day.

The EA said there may be “a number” of extended well tests but it did not set a limit on how many.

Rathlin applied in December 2018 to vary the permit originally issued in 2015. The changes include:

Acid wash and squeeze
Nitrogen lift
Cold venting of gas following nitrogen lift
Incineration of gas during well cleaning and tests
Loading, handling or storage of crude oil on site
Use of acid

Rathlin Energy proposes to use a 15% solution of hydrochloric acid in acid washes and squeezes.

The Environment Agency said the acid wash would clean the well after drilling to return the natural porosity and permeability of the damaged formation.

On acid squeeze, EA guidance said acid is squeezed into the rock formation, dissolving the rock. It is an industry term used where the permeability of the rocks is low and where the operator intends the acid to not travel farm from the well into the geological formation, the EA said.

“This [acid squeeze] may enhance or create new flow paths to enable the well to be more productive.”

There is no limit in the revised permit for West Newton on the number of acid washes or squeezes, the volume of acid solution that can be used in the well, the distance that the acid can travel into the formation or the pressure used. The new permit nor the decision documentclarify whether the EA considers an acid squeeze to be well stimulation.

The decision document does say that the acid wash and squeeze may be “undertaken a number of times” and that each squeeze would use up to 15m3 of acid solution.

The EA described the operations as a “common method” to treat onshore oil and gas wells. It said:

“we are satisfied that the proposed activities will not pose a risk to groundwater”.

Nitrogen lift and cold venting

Under the new permit changes, the EA said nitrogen may be introduced into the wellbore to displace fluids and aid the initial flow of petroleum. Cuadrilla is also seeking a permit variation to use nitrogen lifting at its site at Preston New Road in Lancashire.

The EA’s decision document for West Newton said the use of nitrogen may result in cold venting of gas for “a short period of time”. The vented gas would include climate-changing methane and other gases from the well. Previously, the EA has permitted cold venting only in emergencies.

Companies argue that cold venting cannot be avoided because the use of nitrogen makes the gas mixture incombustible in a flare. At West Newton, the EA said the mixture of methane and oxygen would ignite in the flare as nitrogen levels fell.

The EA said it was satisfied that the nitrogen lifting was “appropriate” and “justified”. It said there were additional controls on smell generated from the use of nitrogen in an updated odour management plan for the site, the EA said.

The failure of the flare to ignite gas during testing the first West Newton well in September 2014 led to complaints about smell 50m from the site. On that occasion, a breach of the permit was recorded against the site. (DrillOrDrop report)

The new permit does not put a limit on the duration or number of times cold venting can happen at West Newton. There is also no limit on the volume of methane or other substances that can be emitted during cold venting.

Flares

Rathlin Energy had proposed to use either a PW Well Test Shrouded Ground Flare or the Aeron CEB 1200 flare for the extended well tests, depending on which were available. The EA has accepted this for the gas extended well test.

For the well clean-up and oil extended well test it said the higher efficiency low emission burner CEB 1200 and/or CEB 4500 should be used. If these flares were not available, the operator would have to demonstrate this were the case. The alternative shrouded flare may be used if the EA accepted the justification, the decision document said.

[gizmogizmo] 12/8/2019 17:09

(Atino)...I did say this in my 13.44 post.
But thanks for the update.👍

[atino] 12/8/2019 16:35

...make room for my elbows 💪🏻 🙇😉

“RiverFort Global Opportunities PLC on Monday said it will participate in the...”

(12/8/19) Alliance News) - RiverFort Global Opportunities PLC on Monday said it will participate in the GBP5.5 million loan agreement announced by UK Oil & Gas PLC.

On Wednesday last week, UK Oil & Gas acquired a further 35% stake in its flagship Horse Hill oil discovery in the Weald Basin for GBP12 million, taking its interest to 86%.

UKOG agreed to buy Magellan Petroleum UK Investment Holdings Ltd from Tellurian Investments LLC for GBP12 million in a cash-and-shares deal.

Magellan holds a 35% stake in the Horse Hill discovery - including the PEDL137 and PEDL246 licences - which takes the UKOG interest to 86% in total. Most of the remainder is held by Alba Mineral Resources PLC, with a 12% stake.

On Monday, RiverFort said its participation in the loan is expected to be GBP700,000 and will be via a participation certificate issued by RiverFort Global Opportunities PCC Ltd.

Looking ahead, RiverFort said it continues to actively deploy its investment capital and has, in recent weeks, made additional investments totalling over GBP150,000.

Phillip Haydn-Slater, Non-Executive Chair said: "We are experiencing a continued strong demand for our investment funds and are confident that attractive investment opportunities will continue to present themselves to us."

RiverFort shares were untraded on Monday in London, last closing at 0.073 pence each.

[onetomany] 12/8/2019 15:54

0.85 test?

[atino] 12/8/2019 15:29

Agreed 😤 (reasons citing: callous posts, fake top ups, and “pathetic̶1; BB contributions)

[hazelst] 12/8/2019 15:26

Another one filtered.

[stealth wealth] 12/8/2019 14:54

Toople (TOOP) about to rocket.

[buffskins] 12/8/2019 14:16

whereas one too many, is negative

[buffskins] 12/8/2019 14:16

think you're wrong there mate... one to many makes perfect sense

[markycrispy] 12/8/2019 14:01

you are too predictable onetomany - you cant even get your name right - it should be onetoomany - so sad

[whattheduce] 12/8/2019 13:57

Under the Fixed-Term Parliaments Act, Labour can rapidly table a simple motion of no-confidence. If passed, it would trigger a 14-day period during which MPs could seek to form another, viable government, or else face a general election.


Still think you are not living in a totalitarian regime?

[onetomany] 12/8/2019 13:57

But then someone buying the dumped shares