Uk Oil & Gas Share Discussion Threads

[datait] 10/3/2016 09:59

Rayrac many will lose a fortune shorting this as this find is huge for the Government and they will fast track this through, This find comes at a time when we are talking about leaving europe and the country are in a huge amount of debt.

Think back to how the Country was in 1977 when the oil was discovered in the North Sea and much of the oil then was waisted by many in the Government that had no business sense.

This time round will be totally different at a time were oil is expensive to drill in the North Sea and far more cheaper on land creating many new jobs off setting the jobs lost at the North Sea so as far as im concerned this is a no brainer.

[12bn] 10/3/2016 09:56

The spread is big because MMs don't want big sellers to get 2.25p, so they drop the bid to 2.2p. It also means that sells appear in the 'buy' column and this can encourage more buying. This is usually a sign that MMs have more shares on their hands than they want.

[datait] 10/3/2016 09:55

moneymunch this news could come at anytime now and this will shoot well over 5p so many will be left licking their wounds.

[rayrac] 10/3/2016 09:54

There's a lot of money south of London and some of it is trying to push UKOG down.

It will fail if the situation is genuine!

[datait] 10/3/2016 09:53

All mm's are at 2.2 on the buy order and then jump upto 2.35 with one mm then 2.4 for two mm's they are clearly trying to rob shareholders hahahaha

[datait] 10/3/2016 09:51

The spread at present should also make you think whats going on folks.

[datait] 10/3/2016 09:50

moneymunch your right this is a great buying opertunity, I am not surprised if many in the know are deliberately taking this down to get in cheaper I can sell 1m shares online no problem at all so its clear to me market makers want your shares and are now consolidating for the real zip upwards.

[moneymunch] 10/3/2016 09:46

More good news from the Portland with optimised pumping, Xodus and then the Ernst and Young study/report, by which time SS will be having his meeting with the PM at No.10 ......hold on tight and enjoy the ride and take advantage to top up on any lows, Ukog are on a one way trajectory to becoming a leading UK mid/major cap high quality oil producer. :-)

The Company has commissioned Xodus Group Ltd. to evaluate and interpret the reservoir engineering data collected in the Lower Kimmeridge limestone flow test as reported on February 16 and 17. The results will be reported once available.

[datait] 10/3/2016 09:45

Stephen Sanderson, UKOG's Executive Chairman commented:

"The Horse Hill well still continues to flow and perform above management's expectations. Higher flow rates and markedly better crude quality than the Upper Portland oil from the nearby Brockham field make the HH-1's commercial prospects very real. We look forward to the results from the optimised pumping programme."

[datait] 10/3/2016 09:35

As you can see from the trades with the 2x2m buys this was taken down to fill orders.

[12bn] 10/3/2016 09:32

The 2.33p trades are sells not buys,the buys are at 2.347p.09:29:03 2.3470 42,098 O 2.3000 2.3500 Buy 18,073,278 8,816,169
09:28:47 2.3470 382,935 O 2.3000 2.3500 Buy 18,031,180 8,816,169
09:27:40 2.3300 586,750 O 2.3000 2.3500 Buy 17,648,245 8,816,169
09:27:37 2.3300 21,460 O 2.3000 2.3500 Buy 17,061,495 8,816,169
09:27:29 2.3300 64,378 O 2.3000 2.3500 Buy 17,040,035 8,816,169
09:25:15 2.3470 46,888 O 2.3000 2.3500 Buy 16,975,657

[12bn] 10/3/2016 09:26

It looks like UKOG is retracing back to where it started,be careful about trying to 'catch a falling knife' here as you are likely to be cut badly. I now expect a 2 steps back,one step forward followed by 2 steps back type of fall here,imo.

[datait] 10/3/2016 09:24

wont be long before we see the shorts run for cover hahaha

[datait] 10/3/2016 09:24

market makers all moving up folks only one at 2.35 then its 2.45

[datait] 10/3/2016 09:21

News this morning would be a nice surprise to the shorters hahahaha

[12bn] 10/3/2016 09:13

Oil in the ground is worthless if it cannot be extracted commercially. I see that the volume has dropped off here and the share price is falling fast.It could fall a long way now imo.

[cupra kid] 10/3/2016 08:53

Whatever you thought of the flow rates published yesterday no-one can underestimate the transformational news UKOG has produced over the last couple of weeks. There's more to come too!Sit back and enjoy the ride to full commercial production as all that's in between is just noise.

[football] 10/3/2016 08:30

FunkmasterP12 you never know who may of got a call last night










joking

[funkmasterp12] 10/3/2016 08:20

Ibug finally realised he was wasting his time then. Or he's sold.

[12bn] 10/3/2016 08:03

Watch the volume here today,it will determine the share price direction imo. UKOG has been driven up by 'hot money' traders imo and as such if they exit the share price will fall. The flow rate news yesterday wasn't good and the market agreed,hence the fall. I still doubt that this is a commercially viable venture,the oil has to be extracted in enough volume to warrant the drilling expense and if it isn't the companies paying for the drilling go bust. LGO is a prime example of what drilling expensive wells, that have fast falling production, can do to the share price

[moneymunch] 10/3/2016 07:20

Lol....SS has stated that they have enough cash for all the their development plans for all of 2016 and have lots of investors lining up following the stunning flowtest results at HH......they will raise funds when they need funds. GLA Longs ;-))