Uk Oil & Gas Share Discussion Threads

[haggismchaggis] 28/7/2024 14:57

Income from Salt Cavern Hydrogen Storage is big money.
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"The Royal Society predict UK will need c. 60-100 TWh of new build hydrogen storage by 2050, National Grid 2023 FES STS predicts ~50 TWh by 2050, primarily to store excess renewable electricity to meet future peak demand periods"
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"Translates to a new UK asset class potentially of ~£10+ billion, with potential £ multibillion per year revenue market"
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"Portfolio of 3 new national scale coastal salt cavern sites, each of ~2.7 TWh (~0.9 bn m³) ~15-20 caverns/site. Each site potentially = ~20% of predicted UK 2050 storage demand*"
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"National grid 2023 FES STS scenario, H₂ storage @ max fill/withdrawal cycles = ~10.4 TWh/year"
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Work it out!
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Three sites, each site potentially = ~20% of predicted UK 2050 storage demand of a "£ multibillion per year revenue market. BIG money.
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10TWh by 2030 is the first target. Which is still going to be big money on it's own.

[jungmana] 28/7/2024 14:48

See you at 0.1p+ soon

[bionicdog] 28/7/2024 14:39

If you enjoy reading nonsense.

[jungmana] 28/7/2024 14:36

A must read:

[bionicdog] 28/7/2024 14:33

Since the thread was started.

[bionicdog] 28/7/2024 14:26

I haven't returned. I've been here warning about this scam since 11p. How was I filtered long ago if you only started posting this week?

[haggismchaggis] 28/7/2024 14:24

Oooooh look, another well known troll returns. Already filtered LONG AGO!!
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bionicdog28 Jul '24 - 15:23 - 163233 of 163233 (Filtered)

[bionicdog] 28/7/2024 14:23

UKOG aren't working on anything apart from extracting money from you for their exorbitant wages IMO.

[haggismchaggis] 28/7/2024 14:18

Seems the troll Pirates428 is DESPERATE for PPP to keep going up when it's already 20 bagged, and wants UKOG to go down when it's only doubled. I had a target of 10p on PPP as did most everyone else, and it's already hit it and sold off on it.
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The troll is even down voting my posts LOL!!, as if anyone gives a toss about that LOL!!
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Ignore the BS from the troll. It's now on my filter list, put it on yours.

[haggismchaggis] 28/7/2024 14:16

National Gas deal paves the way towards no-regrets hydrogen network
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National Gas has kicked off the next stage of its hydrogen programme by engaging Jacobs and ERM to help deliver pre-Front End Engineering Design (pre-FEED) activities for a hydrogen backbone connecting industrial regions across Britain.
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Project Union is a pioneering project led by National Gas to create a British hydrogen backbone, capable of transporting 100% hydrogen, connecting hydrogen production and storage with end users.
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Through the phased repurposing of existing high pressure gas transmission network infrastructure - alongside the construction of selected new pipelines - Project Union will create a hydrogen network of up to 2,000km, equivalent to 25% of Britain’s current methane transmission network.
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[pirates4] 28/7/2024 14:06

https://www.energy-pedia.com/news/united-kingdom/uk-oil-gas-announces-horse-hill-update-196530

[haggismchaggis] 28/7/2024 13:59

Also worth reading this one too:
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[pirates4] 28/7/2024 13:55

PennPetro is headed by David Lenigas, a former chairman of UKOG.

[haggismchaggis] 28/7/2024 13:52

Worth reading this article too.
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"Vast Dorset salt caverns to store hydrogen under former Royal Navy base"
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[haggismchaggis] 28/7/2024 13:47

For those wanting to actually KNOW what UKOG are working on, read this presentation. It's not rocket science to see that the UK needs this if they are to achieve the Hydrogen transition they have in the current Government Manifesto and Great British Energy plans. It's not going to evaporate just because UKOG stock goes up.
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UKOG at it's current Market Cap of £2.18m is barely the cost of a shell company with no operations. Ignore the noise from the day traders trying to create more volatility so they can trade it more, it should be valued way higher based on the value of those Salt Caverns alone, without any of the O&G assets. If it was valued today at £10m or even £20m no ii's would bat an eyelid. If it get the Government or Private funding (it is pursuing BOTH) for the Hydrogen Storage to go ahead, a Market Cap of £150m should be the minimum IMVHO.

[bionicdog] 28/7/2024 12:23

He knows a lot about the geology because he used to live nearby. OK , so do I then.

[iceagefarmer] 28/7/2024 12:21

YEAH but this isnt lenigas talking this time...someone more rational

[bionicdog] 28/7/2024 12:19

Imagine falling for the same trick twice.

[iceagefarmer] 28/7/2024 12:16

andy clifford OF PPP very excited about horsehill and using new technologies to extract the oil 11mins in

[bionicdog] 28/7/2024 12:06

DATAIT , due diligence , very funny.

[datait] 28/7/2024 11:52

Huge amount of helium found do your due diligence this share once again in the lime light and will have a major lift from here.

[iceagefarmer] 28/7/2024 11:46

datait..what helium??

[datait] 28/7/2024 11:26

All that's needed is the correct machinery to get the oil out helium and gas, this is now UKOG time to fly.

Watch this space fill your boots and big knickers. Volume we have never seen in yrs now ready to fly high

[bionicdog] 28/7/2024 11:11

Then they were proved wrong.