Uk Oil & Gas Share Discussion Threads

[abeygale] 19/4/2021 08:12

Damn just missed getting back in at 0.276p.

[abeygale] 19/4/2021 08:07

Looking to get back when it looks right having only lost £11, and the trade before that made me £120.

[bionicdog] 19/4/2021 08:05

That's one gone , three more to go.

[abeygale] 19/4/2021 08:04

Damn it didn't take off. I'm out.

[terminator101] 19/4/2021 08:01

Makes you wonder how big the placing is if they haven't finished forward selling it.

[abeygale] 19/4/2021 08:01

Huge rise happening here.

[hans christian andersen] 19/4/2021 07:46

I'm surprised they didn't start fracking in Turkey before. After all it is in an earthquake zone so they could get away with it and not get blamed.

[idriveajag] 19/4/2021 07:39

PANR MCap £237m and today announced intermittent flow of just 100 bopd plus water.UKOG Turkey already achieved 2000 bopd extrapolated flow but MCap just £37m. Fracking will increase this even more now allowed in Turkey.All the PANR holders will be piling into UKOG fast. UKOG 3p ahead of drilling Turkey. Blue sky potential.

[tell sid] 19/4/2021 07:29

As I said yesterday evening, Turkey has recently begun to allow fracking for the first time (in 2019) for greatly enhanced oil well production, which did not happen in Turkey the 1960's and is not allowed in the UK today.hTTps://www.aa.com.tr/en/energy/shale-unconventional/turkey-starts-producing-oil-with-fracking-erdogan/26881hTTps://www.aa.com.tr/en/energy/energy-projects/hydraulic-fracturing-sees-turkey-enter-new-energy-era/26909Fracking could be a game changer for UKOG when the partners drill in Turkey this year and in future. It will both enhance production and economics, including potentially improving on previous 1960's production levels. Then to fracking add improved modern seismic (including with computer aided modelling and visualisation) and well optimisation techniques, and everything changes re Turkey.As I said, UKOG 3p soon.

[investor118] 19/4/2021 07:23

Need to add 3 million shares first thing just got some funds through. Been on L s e board they are on a about a massive spike on opening

[25wbh] 19/4/2021 07:00

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

[johncasey] 19/4/2021 01:59

so why doesnt sanderson buy shares if its such a no brainer?

[tell sid] 18/4/2021 23:44

I would also recommend everyone read UKOG's Loxley Appeal Statement, which is on their website.UKOG are almost certain to win the appeal, given the planning and highways officers both recommended approval of the planning application and the government planning guidance has not subsequently changed in a way that would err towards refusal, and the reasons for refusal of the original application by a couple of dim councillors won't stand close scrutiny. An Inspector would have to find something seriously wrong with both the planning and highways officer's original reports and recommendations, to issue a refusal, and he won't.Once Loxley is approved, UKOG will have the UK's second largest onshore gas asset, big enough to power 200,000 homes, which will generate revenues for decades. This alone is a company maker and has been overlooked by many here.To Loxley, then add Arreton (planning decision expected within six weeks), Turkey to be drilled this year and has previously flowed but now fracking is also allowed, ongoing revenues from HH (including from two additional infill drills to come) and Horndean, and geothermal, and investors should be onto a winner.Get into UKOG now. It will be 3p soon.

[tell sid] 18/4/2021 23:33

cyan, Turkey has recently begun to allow fracking for greatly enhanced oil well production, which did not happen in Turkey the 1960's and is not allowed in the UK today.hTTps://www.aa.com.tr/en/energy/shale-unconventional/turkey-starts-producing-oil-with-fracking-erdogan/26881Fracking could be a game changer for UKOG when the partners drill in Turkey this year and in future. It will both enhance production and economics, including potentially improving on previous 1960's production levels. Then to fracking add improved modern seismic and well optimisation techniques, and everything changes re Turkey.As I said, UKOG 3p soon.

[bionicdog] 18/4/2021 22:46

Ooh I can't wait.

[jtidsbadly] 18/4/2021 22:14

It's perfectly clear that UKOG needs more money, and they say in the report and accounts, in at least two places, that their only way of raising money until they get meaningful cash flow from their existing assets is through equity placings. To suggest that the price should rise the day after the announcement of figures that appear worse than expected seems perverse (though this is AIM and rational analysis sometimes doesn’t apply immediately). There will surely be a placing soon (within the confines of their ability to do one under existing shareholder approvals) or some form of Wonga convertible loan. Holding these is an act of faith more than a measured investment decision but I wish the faithful good luck with it.

[terminator101] 18/4/2021 21:51

Well I caught you and the boiler room red handed on the RMS placing eh? Looks like you are moving onto your next victims at Ukog.

[johncasey] 18/4/2021 21:45

my take is mms will drop the price first thing to 0.17p to 0.19p and then it will increase back to 0.3p at end of day

[bygdennis] 18/4/2021 20:13

Let's give you a tester termite!! When will placing take place! You have a habit of inaccuracies yet claim months after you predicted correctly!!
No placing for the foreseeable future here mate!! Now you tell us when??

[kammi1] 18/4/2021 19:24

Sid, loved your post, just because it seemed to cause termite, dog and cyan,so much discomfort. It washed away all the de ramping they have done over the weekend.Good luck rerating on the way.

[cyan] 18/4/2021 18:39

Tellsid quotes;

"Turkey to be drilled this year and has previously flowed"

A well in the area was tested for a few hours in 1964; oil did flow BUT it was abandoned ; why?

"ongoing revenues from HH (including from two additional infill drills to come)"

revenues have not covered the cost of the production and how will more drills be paid for?

"Horndean" 13 barrels a day to UKOG . Can not see any net profit number in this years results; however in the previous years report gives us a clue "Production continued from Horndean generating 2019 revenues of GBP0.21 million, resulting in a gross profit of GBP0.12 million (2018: GBP0.13 million).

Where's the cash to drill the other UK 'assets' let alone geothermal or the 2nd planned Turkish well.

"3p soon"

Heading for £400m market cap is ludicrous based on all we know and best case results possible

[bionicdog] 18/4/2021 18:27

"Get into UKOG now. It will be 3p soon."
Stated as a fact , not a prediction. You're record isn't good is it Sid.

[terminator101] 18/4/2021 18:24

If it was any good, Sanderson would buy shares. He hasn't. Tells you everything.