Uk Oil & Gas Share Discussion Threads

[12bn] 09/3/2016 14:28

moneymunch 9 Mar'16 - 14:25 - 1472 of 1472 0 0

Lol 12bn, you were telling everyone to sell and not to buy all the way from sub 1p ////// That is a lie,show me any post of mine that I said sell on when the share price was under 1p.

[wisteria2] 09/3/2016 14:26

12bn This is UKOG !! your not on the LGO thread..

[moneymunch] 09/3/2016 14:25

Lol 12bn, you were telling everyone to sell and not to buy all the way from sub 1p along with your lowlife scumbag cohorts and repeatedly said that there would be no oil at HH...REMEMBER???...PMSL.....obviously still in denial to the best risk reward opportunity for years......How many millions if not billions of barrels recoverable do you need before you admit that you and TW and the other mangy poodles have called this wrong???? ;-)))

[cashmachine2] 09/3/2016 14:04

What I find laughable is the muppets that are trying to ascertain the production calculations based on the verticals flow rates from lower and upper Kimmeridge and from Portland Sandstone.As has been stated on so many occasions the real value will be aligned with the independent calcs done for the OIP and recoverable quantities and the BOPD will be significantly higher than 1500bopd as there will be multiple horizontal wells so as Stephen S stated the flows are then likely to be multiples of the initial vertical rates.Go away and calculate what 10, 20 or 30k bopd and couple it with the recoverable oil value.Enough said

[genises] 09/3/2016 13:52

More news next week.
l pumping wells producing under 160 bopd are economical.

[football] 09/3/2016 13:40

Horse Hill “demonstrating commercial production potential”
9 Mar 2016


1.56 in video

[football] 09/3/2016 13:32

SOLO Oil - Further Update on Horse Hill-1 Flow Test
WED, 09 MAR 2016, 10:30AM

[funkmasterp12] 09/3/2016 13:31

robbie1424:

"I think the bod are truly stunned with the figures from what is considered to be a tight oil play which throws everything up in the air with the information they have on the sub surfaces of the weald.

To have free flowing oil at those levels is exceptional and bodes very well for the future of HH.

But as with anything it takes time as seen with Whytch farm when they first encountered oil.
It took them quite a while before they started extracting very good rates of oil. Same will happen here I feel with multi pads and might be too big a job for Ukog and co.

But they do have a 20% interest of something that maybe very very valuable to a larger company who have deep pockets so there will still be good value in the stock."


^^^ See? iBug et al, take note. Sensible, considered opinion without the need to resort to blatant lies or aggressive ramping. Good post, and I agree 100%.

[robbie1424] 09/3/2016 13:16

The more oil they get out the lower the costs-simple
All about OIP and reserve contingent.

No one knows that at present.
We need longer term flow rates to remain high as this would be fantastic news.
There will be more news this week.

[proj] 09/3/2016 13:13

2.4 to sell. What a dog.

[yajnas01] 09/3/2016 13:00

ok wisteria - so can you see my calcs and let me know what you think? (posted above not long ago?

[wisteria2] 09/3/2016 12:57

One thing for certain Oil this time next year will be nearer to $60 a barrel than $39 So stoip value will increase around 80 percent!!! Great news for the holders of UKOG...
Couple this with the potential production of thousands of barrels a day and the share can look forward to some explosive moves UP...aimo.. DYOR GLA HOLDERS

[moneymunch] 09/3/2016 12:54

According to SS's recent interview, it's commerciality isn't in doubt, they're gob-smacked by the free flow rate of the Kimmeridge limestones, which will be immense by the time multi-pad horizontal well sites are established. Ukog have got plenty of cash for all of their plans for 2016, and no placing likely until they approach production next year, or maybe even this year if fast tracked by which time the share price could be many multiples with HH Government showing their hand and or JV investment from a Major player.....it's all good imho and Ukog are on a one way trajectory to greatness imho!!! Gl :-)

[12bn] 09/3/2016 12:39

Will the oil be extracted commercially moneymunch or will it just sit there while directors do placing after placing? I see guru Datait bought more at 2.5350p and the bid is now 2.40p,he sure knows how to lose money.k Oil & Gas Investments 'a' Ord 0.01p Share Price (UKOG)
2.48
-0.28 (-10.00%)
Bid price 2.40 Open price 2.98
Ask price 2.55 Prev close 2.75
High price 2.95 Spread 5.88%
Low price 2.22 Volume 96,262,25

[m0rrisminor] 09/3/2016 12:38

Just seen the latest interview with N R we are going back With a bigger pump woo 20000 bpd please.

[moneymunch] 09/3/2016 12:35

Lol 12bn, Ukog are on a one way trajectory to becoming a Ftse250 Oil Producer, on confirmation of the potential billions of barrels of recoverable oil across the Weald and its National Significance......the near term fluctuations in share price is completely irrelevant to those invested for the long term apart from the opportunity to top up on any lows....I've got another £26k coming my way at the end of this month and all will be invested here.....gla longs. ...the most truly stunning and transformational upside potential opportunity for years!!! :-)))

[yajnas01] 09/3/2016 12:32

so what now.. do we expect any rerate to happen? was expecting this to start increasing...

1500 bopd on vertical wells could be a lot more when stimulated and horizontal wells are put in

then we need oil price rise i think


I think if we can get to 5000 bopd from horse hill, and UKOG takes a dollar profit per day (i.e. 5 dollars per barrel for HHDL of which UKOG gets 20%), then we're looking at a value of about GBP 1m profit a year. am assuming 40 dollars per barrel, and extraction cost of 35 dollars per barrel...

i think this places the value of UKOG's stake at around £10m... seems low tbh - anyone help me do the calcs?

if £10m then leaves £40m MCAP unexplained

[412069] 09/3/2016 12:29

Share squeeze on at HNL

[12bn] 09/3/2016 12:28

DATAIT 9 Mar'16 - 10:35 - 1443 of 1451 0 0

well said moneymunch my thoughts expactly//////// yep that sums up demented Dataits thinking 'expactly'! :) Sp still falling I see despite all the ramping. The 'hot money' will move on while those stuck in here from a higher price lose more and more money.

[robbie1424] 09/3/2016 12:11

Cash - What you have is pis jumping on the bandwagon and when they see 160+ barrels of oil posted they think it is very poor so bail.

This is not a get rich quick share from here.

I think the bod are truly stunned with the figures from what is considered to be a tight oil play which throws everything up in the air with the information they have on the sub surfaces of the weald.

To have free flowing oil at those levels is exceptional and bodes very well for the future of HH.

But as with anything it takes time as seen with Whytch farm when they first encountered oil.
It took them quite a while before they started extracting very good rates of oil. Same will happen here I feel with multi pads and might be too big a job for Ukog and co.

But they do have a 20% interest of something that maybe very very valuable to a larger company who have deep pockets so there will still be good value in the stock.

Need longer term flow rates to stay high and expect zone 3 to jump up to approx. 2-300 bopd when rods removed.

Its looking good in my eyes but along way to go before any real profit can be attained to the share price

Fingers crossed.

I also think there are accumulations going on in the shares.