Uk Oil & Gas Share Discussion Threads

[datait2] 27/4/2020 10:57

dodgy nomads, dodgy posters, dodgy directors, the world of AIM stocks and how they take your money and run.

www.share-talk.com/investors-lose-money-in-72-of-all-the-companies-ever-listed-aim-3/#gs.4mqxmo

[datait2] 27/4/2020 10:34

40% spread, yes that is the worst ukog has ever had.

[hans christian andersen] 27/4/2020 10:26

When you get Pboo (WealdOilers) and whoever is talking on the videos about HH-2Z free flowing you know they are talking bollicks. The Portland has never free flowed. This is due mainly to the fact that it is not that deep and doesn't have the pressure. From experience you can't free flow through a deep well centrifugal pump unless there is a bypass and I don't think they fitted one of those.

Tankers should be back about 2pm if they are doing more than one run.

[kemche] 27/4/2020 10:04

I heard the same rumour - unfortunately that was from WTD.
Sack of salt on order.

VILLA!!!!!

[bobaxe1] 27/4/2020 10:02

Fantastic when will the new well be pumping. Can't wait till tomorrow heard rumours oil price hike coming!

[hans christian andersen] 27/4/2020 09:34

2 BKP tankers in

[hans christian andersen] 27/4/2020 09:28

With all the recently added shares 500 bopd should only add about 0.6p to the share price Anything over that is a bonus imo but you will need to be quick on the button with all those wanting to get out.

[hans christian andersen] 27/4/2020 09:13

Tony
@Anton13579
25 minutes ago
News from the undergrowth!
HorseHill Flare going well- No pump #UKOG
News from the undergrowth! HorseHill Flare going well- No pump #UKOG


Must be back on HH-2Z as pump has stopped.

[25wbh] 27/4/2020 09:05

OK thanks Hans

[hans christian andersen] 27/4/2020 08:20

25
It is Weald Oilers ramping. Old picture trying to make out tanker in. Pboo is one of main pump and dump merchants. Believe it if you want.
I am expecting tankers today as they have had none for 3. That would tie in with PBU test period of 3 days. Another clue is from post about reduction in flare which would indicate only flowing from one well imo.
Think I'll wait for real footage of tankers rather than those historic posted by Weald Oilers.

[25wbh] 27/4/2020 08:16

Hans,Mullins on the LSE site

[hans christian andersen] 27/4/2020 08:13

Strange that a BKP cab has a SRT trailer. Wonder what is going on there between the two firms.

[hans christian andersen] 27/4/2020 08:09

25
Are you sure. Link please. Only one I have seen is this one which is picture from last week.

Weald Oilers
@WealdOilers
an hour ago
#ukog
#horsehill
Could be a big day if these 2 and the 3 tankers being used for the past few weeks all are on the way today to #horsehill …
#ukog #horsehill Could be a big day if these 2 and the 3 tankers being used for the past few weeks all are on the way today to #horsehill …

[25wbh] 27/4/2020 08:06

1st tanker in !

[25wbh] 27/4/2020 07:23

Good morning all, Gismo Rayrac Hans Iam , and all usual friends

[johncasey] 26/4/2020 20:27

he'll be glad to know i got ejected from sainsburys for queue jumqing

[bobaxe1] 26/4/2020 19:29

https://twitter.com/akw_anthony/status/1254428672800497664?s=09

[atino] 26/4/2020 18:21

🙇‍♂;️ The Next Chapter of the Oil Crisis: The Industry Shuts Down 😉🤫



Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about where to stash oil. The next chapter in the oil crisis is now inevitable: great swathes of the petroleum industry are about to start shutting down.

The economic impact of the coronavirus has ripped through the oil industry in dramatic phases. First it destroyed demand as lockdowns shut factories and kept drivers at home. Then storage started filling up and traders resorted to ocean-going tankers to store crude in the hope of better prices ahead.

Now shipping prices are surging to stratospheric levels as the industry runs out of tankers -- a sign of just how distorted the market has become.

The specter of production shut-downs -- and the impact they will have on jobs, companies, their banks, and local economies -- was one of the reasons that spurred world leaders to join forces to cut production in an orderly way. But as the scale of the crisis dwarfed their efforts, failing to stop prices diving below zero last week, shut-downs are now a reality. It’s the worst-case scenario for producers and refiners.

“We are moving into the end-game,” Torbjorn Tornqvist, head of commodity trading giant Gunvor Group Ltd., said in an interview. “Early-to-mid May could be the peak. We are weeks, not months, away from it.”

In theory, the first oil output cuts should have come from the OPEC+ alliance, which earlier this month agreed to reduce production from May 1. Yet after the catastrophic price plunge on Monday, when West Texas Intermediate fell to -$40 a barrel, it’s the U.S. shale patch that is leading.

The best indicator of how the U.S. industry is reacting is the rapid drop in the number of oil rigs in operation, which last week fell to a four-year low. Before the coronavirus crisis hit, oil companies ran about 650 rigs in the U.S. By Friday, more than 40% of them had stopped working, with only 378 left.

“Monday really focused people’s minds that production needs to slow down,” Ben Luckock, co-head of oil trading at commodity merchant Trafigura Group, said. “It’s the smack in the face the market needed to realize this is serious.”

Trafigura, one of the largest exporters of U.S. crude from the U.S. Gulf of Mexico, believes that output in Texas, New Mexico, North Dakota and other states will now fall much faster than expected as companies react to negative prices, which have persisted for several days last week in the physical market.

Until prices collapsed on Monday, the consensus was that output would drop by about 1.5m barrels a day by December. Now market watchers see that loss by late June. “The severity of the price pressure is likely to act as a catalyst for the immediate turndown in activity and shut-ins,” said Roger Diwan, oil analyst at consultant IHS Markit Ltd.



Refiners Shut

But before that takes hold, the great shutdown will spread through oil refining too.

Over the past week, Marathon Petroleum Corp., one of the biggest U.S. refiners, announced it would stop production at a plant near San Francisco. Royal Dutch Shell Plc has idled several units in three U.S. refineries in Alabama and Louisiana. And across Europe and Asia, many refineries are running at half rate. U.S. oil refiners processed just 12.45 million barrels a day on the week to April 17, the lowest amount in at least 30 years, except for hurricane-related closures.

More refinery shutdowns are coming, oil traders and consultants said, particularly in the U.S. where lockdowns started later than in Europe and demand is still contracting. Steve Sawyer, director of refining at Facts Global Energy, said that global refineries could halt as much as 25% of total capacity in May.

“No one is going to be able to dodge this bullet.”

[datait2] 26/4/2020 12:15

I am 90% sure he is a good guy and the other 22% he is a bad guy.

viva TW, viva Arithmetic lessons, viva KIM JONG-UN !!

[datait2] 26/4/2020 12:12

is Tom Winnifred a liar???? what you reckon on his escapades.

[kemche] 26/4/2020 12:06

And long live conspiracy theories.

[kemche] 26/4/2020 12:05

The rise in mental health deterioration continues unabated - for which there is no vaccine. Some were displaying the signs even before the arrival of Covid. Long live the infestation of emojis. Long live stuttering sentences devoid of grama, spellding and even sense!