Uk Oil & Gas Share Discussion Threads

[sandcrab2] 21/4/2020 23:14

Viva!

Go Go Ukog !

[vauch] 21/4/2020 18:49

Sand they are going to put in an offer at 80% discount or may even get them for a - figure

[sandcrab2] 21/4/2020 18:23

What happened to that " acquisition" the recent raise was stated to be for ?

[kemche] 21/4/2020 17:54

Vauch, I can only deal with a few ultra successful companies at a time - I already have UKOG and GUN.

[vauch] 21/4/2020 17:15

Kemche, if it going to be that good then you will need some TOM in ya portfolio.

[kemche] 21/4/2020 17:04

16m buy at the end. Supermajor in anticipation of $100+ pb?

[kemche] 21/4/2020 16:56

People are not laughing now are they?

[kemche] 21/4/2020 16:56

As the lad maintains his 100% accuracy record and holds onto the title "The sage of UKOG":

whattheduce - 04 Apr 2020 - 17:05:39 - 137686 of 138033 UKOG strikes oil 2016 - UKOG
More than that, I am imformed via HK, clamp down on oil exports being pushed, Brent crude to be in limited supply by week end. Remember, Brent is for manufacturing, China returning to normal, Amercia going into lockdown.

$100+, you laugh - watch and learn!!!!!!!!!!

Next, UK to turn inward and fast track UK based resources, oil especially, Brent top priority as raw material.

$100+ maybe a lot sooner than I imagined.
whattheduce - 03 Apr 2020 - 11:43:45 - 137671 of 138033 UKOG strikes oil 2016 - UKOG
Significant increase in helicopter traffic in North Sea. It's almost as if there is an audit of assets is going on. Just a guess of course. flightradar24 is showing many more movements into and out of the area than normal. Includes Norway helicopter movements too. Didn't monitor long enough to track which platforms are so busy, but busy little bees they are! As I speculated a day or so ago, the complete collapse of all the EU togetherness will result in long term introspection, and protecting national resources will become a priority.

Expect coal power to ramp up in parts of EU, like in Germany that stupidly ditched nuclear. As industries swing back into action, demand on Brent will be big, but the exisiting free movement severly curtailed. Price will shoot up and long term focus on local sources will significantly increase. I expect special conditions to be offered to UK producers before the end of the year.

[datait2] 21/4/2020 16:33

mystic meg did the forecast and said "folk whos name begin with steven and end with sanderson will be winners, everyone else will be losers."

[datait2] 21/4/2020 16:31

what is a better deal 3 shares for 1pence, or 3 pairs of gents socks for a pound down the market?? answers on a postcard!!

[hans christian andersen] 21/4/2020 14:54

3 tankers today. Makes up for missing ones from last week. With SRT based so far away it may just be a scheduling thing.

[d1nga] 21/4/2020 14:39

No doubt BP shell et Al will be running the slide rule over all those billion barrels and just waiting to make a bid.



Lololol

[kemche] 21/4/2020 14:08

The wall of money will only descend here after the Brexit deadline of 31st January 2020 and not before.

VIVA!!!

[sandcrab2] 21/4/2020 14:02

Avatars seem fixated on the amount of oil produced

Company clearly choking back supply to drive up the price, as hedge funds circle

Wall of money poised to come in here

[kemche] 21/4/2020 13:46

Does Tymers sound like someone we know? Anyone want to fess up?

VIVA!!!!

[bobaxe1] 21/4/2020 12:48

Oils bouncing

[bionicdog] 21/4/2020 12:45

You are right there. It shouldn't be merely massive , it should be ginormous.

[cyan] 21/4/2020 12:23

What really sits badly with me is how an enormous bonus could be awarded to Sanderson who has had the spectacular failure at BB, who has failed to develop assets as promised; example Markwells Wood; and who has missed target after target.

Just listen to a very smug Sanderson again in this December 2018 interview, here;



From about 2min 54 secs

"The target really at the end of the year (2019) is that we want to be producing about 2,000 barrels a day"

This line at 4.04 really takes the juice "Money does not seem to be a problem"

So many dilutions and more to come.

By what metric has Sanderson earned a huge bonus?

[d1nga] 21/4/2020 12:06

Some of my old American work colleagues had wells in their backyards (oklahoma) that produce more than ukog

[cyan] 21/4/2020 11:35

Good morning HCA

Whatever way you cut it; POO is terrible for all and UKOG are not making money on the small volumes now being produced.

In September 2018 (with POO about Three to FOUR times today's POO )Sanderson stated in an interview; break even is 350-400 barrels a day.

The annual report gave details of the last two years daily production.


2019 production 135 barrels a day DOWN from 2018 daily production of 137 barrels per day

operating costs shown as £18 per barrel which is about $22.19.

[bobaxe1] 21/4/2020 11:27

What were those 48million delayed buys this morning??

[hans christian andersen] 21/4/2020 11:14

"#Sun is shining and the tankers are still rolling! #HarryTheHorse 🐴 says we missed a few! Is he right? #HorseHill #UKOG Thanks 🙏 to the voice"



This is from someone who isn't even at the gates. Amazing how they manage to video the tanker first thing in the morning. Then again mid-morning. Then again at lunch time and finally again in the afternoon. I don't think they miss that many. The average of 137 bopd exported since November proves that imo.