Uk Oil & Gas Share Discussion Threads

[hans christian andersen] 19/4/2021 12:20

sharetalk
So you still have no idea what a swab test was then.

[tell sid] 19/4/2021 12:00

I don't think the derampers were even aware Turkey now allows fracking. It is obviously a potential game changer.

[tell sid] 19/4/2021 11:59

Being able to frack in Turkey greatly increases the probability of success, including increasing potential volume of production and field life. They might not need to frack as oil has previously flowed on their license without it, but it's good to know the option is available if needed.

[cyan] 19/4/2021 11:51

A field that depends on fracking is much more expensive to exploit than a conventional field ; a constant intensive drilling operation as depletion is a big issue.

Its not a free lunch.

[tell sid] 19/4/2021 11:16

The new fracking friendly drilling environment in Turkey changes everything.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 2000 bopd production levels. Then to fracking add improved modern seismic (including with modern computer aided modelling and visualisation) and well optimisation techniques, and everything changes re Turkey.As I said, UKOG 3p soon.

[sharetalk] 19/4/2021 11:11

HCA, The test well on UKOG's Turkey license flowed at 2000 bopd equivalent in the 1960's. Fracking has subsequently been allowed in Turkey since late 2019 and could give a 4x to 5x or production increase. Could be looking at 10,000+ bopd per well.

[iammrweald] 19/4/2021 10:45

I'd like the posters who said update was good,turk ops would add 'another dimension' to this already international player's portfolio so we can laugh at them. step forward y'all! he he

[terminator101] 19/4/2021 10:42

Price collapsing now as people panic to get out before the placing hits?

[abeygale] 19/4/2021 10:28

The reward was when this went up from 0.11p to 0.47p to sell.
Now all that is left is trading the crumbs.

[hans christian andersen] 19/4/2021 10:26

sharetalk
Would you like to explain the difference between "flowed" and "swab tested" before talking bollicks?

[kemche] 19/4/2021 10:03

bionic, How we all recall a giddy WTDD at the time the "musical chairs" were being played and how the consolidation of the Weald presaged a new world order in the Supermajors league.

Aah, fun times!

[bionicdog] 19/4/2021 09:58

He certainly has a knack of finding these little bargains that nobody else wants . . . I mean notices. I'm surprised that he hasn't been held to account for buying out the Weald partners just to save face.

[kemche] 19/4/2021 09:51

In the 1840's Turkey flowed at 9 barrels of oil in the first minute before it was immediately plugged as uneconomic. The entire planet had missed this data until an intrepid Englishman in salmon trousers noticed the significance of the data and managed to secure the rights over it under the noses of all the global supermajors.

The savvy investors quickly noted that 9 bopm equates to a a very tasty 12,890 BOPD!!!! And that is without SS's knowledge gathered over a number of years in the successful fields of the Weald. Should he apply his considerable knowledge to the Turkish field we could conceivably be looking at a 100,000 bopd gusher!

[iammrweald] 19/4/2021 09:43

Feel sorry for the MMs here,stevie is making them stay alert! he he

[iammrweald] 19/4/2021 09:34

Morning all flakes,nutcasès etc. Boy,did you give such free entertainment over the weekend! lmao at dinner money traders,fantasist and total BS merchants,you know who you are!
I cant believe,after spouting soooooo much tosh you dare post again! Must be that most of you believe in your own tripe and have,again,again locked yourself in behind the real show here. Enjoy your well earned stupidity,because it's the only thing you will 'earn' here!! lmao

[sharetalk] 19/4/2021 09:12

The test well on UKOG's Turkey license flowed at 2000 bopd equivalent in the 1960's. Fracking has subsequently been allowed in Turkey since late 2019 and could give a 4x to 5x or more production increase. Could be looking at 10,000+ bopd per well.

[hans christian andersen] 19/4/2021 09:07

Someone had better tell sid that with over 12bn shares UKOG would need to gross over 3000 bopd to get to 3p. Having said that there are enough mugs around to pay that.

[bionicdog] 19/4/2021 09:06

It's not working Sid. Copy and paste something else.

[tell sid] 19/4/2021 08:58

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 modern computer aided modelling and visualisation) and well optimisation techniques, and everything changes re Turkey.As I said, UKOG 3p soon.

[abeygale] 19/4/2021 08:53

Got back loss in PANR. Just wish I had bought more.

[abeygale] 19/4/2021 08:30

When to get back in for a trade is the question lol.

[abeygale] 19/4/2021 08:12

Damn just missed getting back in at 0.276p.