Uk Oil & Gas Share Discussion Threads

[yajnas01] 15/3/2016 21:09

don't you guys think it is a bit crazy how some think could get to 99p and some think worthless?

it's insane...

whatever it is sanderson says undervalued before tests, schlumberger and nutech claim large oil, flow tests have been a great success exceeding management expectations...

on that basis the trajectory is surely up not down

don't know about 99p, but would say some upside possible from here with potential for massive gains.

hope that somes up situation.

let me know if you disagree and we can have a debate

[funkmasterp12] 15/3/2016 19:54

Yes quite, moneymunch...

[moneymunch] 15/3/2016 19:40

Lol, it's unbelievable, an incessant repetitive diatribe for months and months from someone who is totally ignorant of the facts. Gla longs. ;-)

[robbie1424] 15/3/2016 19:20

And the other thing 12bn
No chance of any gas in volume from HH and that is also a big positive as stated by your goudron field depleting so quickly.
Have a good evening.

[robbie1424] 15/3/2016 17:56

Did I just make it up - you have just had me in stitches 12bn.

Before you start commenting on things to do with oil and gas plays why don't you read up a little first.

Homework for you tonight - Read up about tight oil plays and what tight oil means within the sub structures.
Why do you think they have sent Lennie to America.

Lots and lots of info in the public domain.

Also with the first 2 zones flowing so high as they did really changes a lot of things to do with the make up of the weald.

We are talking complex chemistry and what is needed to have the perfect environment to produce light sweet crude to whytch they have hit;)
Various fault Lines/tectonic plate movement/Migration/shale/limestones/MATURE rocks/chalk/clay?resevoirs/pooling.
In my eyes these geologists have done a good job BUT they are in a tizz as what has happened, shouldn't have happened.

Also peeps mentioned rotten egg smells at HH which is produced by small amounts of Hydrogen Sulphide.
In larger quanties there is no smell and that's why detectors are used.

Hydrogen Sulphide is a by product of decaying matter and CRUDE OIL.

The rest is for you to find out.
GL

[12bn] 15/3/2016 16:39

Don't get so defensive robbie. Well 670 on the Goudron field had a lot of gas which contributed to the massive production fall off but all oil wells have some fall off,they never flow at the initial flow rates forever, as the pressure subsides and the amount of oil diminishes. I admit that I have not heard of a 'tight oil play',did you just make it up?

[robbie1424] 15/3/2016 16:31

12bn- You mean you hope the wells barrel rates drop.

Shows what you know about tight oil plays.
Was LGOsa tight oil play? big difference.

Have you not heard of pressure build up and why it is carried out LOL
I forgot all wells are same DER

your posts show me you no SFA so I suggest you go do some homework before you start commenting on Oil and Gas stocks

[12bn] 15/3/2016 15:59

Down she goes,hot money has gone and only the small fry are left to get punished imo. This could drop a lot further yet.

[proj] 15/3/2016 15:38

Well said, DATAIT.

PS. Don't forget to do the corners, and no you can't have a bucket of water.

In DA TAIT Window Cleaning & Pest Control we trust.

[datait] 15/3/2016 15:35

Just mm's picking up stock ahead of tomorrows news thats all.

[datait] 15/3/2016 14:31

Watch and weep when the results come out.

[12bn] 15/3/2016 14:28

875k sell,the big money is selling and small PIs are buying,it always ends this way for pump n dump shares. The 'hot money' has moved on,look at the low volume today and the lack of posts here. I now expect the share price to drift lower.

[12bn] 15/3/2016 14:12

Flow rates drop off quickly,lgo's well 670 had an initial open flow rate of 6000 bopd but now the whole 120 wells of its Goudron field produce less than 500 bopd! Think of shaking up a bottle of fizzy cola and then taking the lid off,the initial flow rate soon settles down!

[datait] 15/3/2016 13:49

here here now watch as news will be released tomorrow to co-inside with the budget.

[proj] 15/3/2016 13:46

DATAIT, so how do you do all this ramping / scaremongering whilst cleaning windows & gutters.

Must be dangerous; working a smartphone and chammy leather at the same time.

[moneymunch] 15/3/2016 13:18

Ukog's CEO's recent master investor article. Gla :-)


Hopefully UK Oil & Gas Investments PLC's (UKOG) activities in the Weald
basin of south-east England have raised awareness of the potential for
significant tight oil production to help assist UK energy security.

If successful, the impact could be similar to that of shale gas. Following the drilling of UKOG's Horse Hill well in 2014, world renowned analysts Nutech estimated, in October last year, that there are 124 billion barrels of tight oil in the ground in a 1,261 sq mile area of the Weald.

Approximately 80 billion barrels are in Kimmeridge clay. The first extraction target lies within two limestones in the Kimmeridge, which Nutech calculate to contain 19.5 billion barrels of oil in the ground.

These are serious numbers from a serious business.

Ernst & Young (EY) will soon publish a study which assesses the potential
economic impact and benefits of tight oil extraction from these Kimmeridge
limestones. EY show that production could contribute between 4% and 27%
of the UK's current oil consumption with an associated total value contribution to the economy of £7 to £53 billion over the life of the project.

The Chancellor will be particularly interested to read that tax contributions
could be anything from £2-18 billion.

[moneymunch] 15/3/2016 13:10

CNN


SS: "We have the potential...if we can replicate this across this basin, we could produce about a quarter of the UK's oil demand."

"$40 per barrel break-even with a small return"

"allowing for production of 200,000 bopd"

[robbie1424] 15/3/2016 13:08

Your welcome Universal.

So much rubbish on these boards.

There is a long, long road to extract the potential of HH and a lot of money BUT the one thing that did it for me was the flow rates from the first 2 zones.

It blew away management expectations and my own expectations as this was considered a tight oil play.

Those barrel rates change this ball game completely and have put the management and geologists in a tiz as that was not meant to happen.
That's why Lenni has been sent to America
Watch this space as Ukog have some good acerage across the weald and the Kimmeridge is looking very promising.
Those 2 zones alone could potentially hold a lot of oil when Horizontals are carried out

BUT its still only potential until we hear from Xodus/new CPR/current flow rates and future plans.
Looking at 2-3 years but I will keep on accumulating as ive done plenty of homework on the Weald/HH/Whytch Farm/Lidsey/Brokham/Iow

The last one IOW I think could be major along with HH

DYOH and listen to no one on here.
GL

[moneymunch] 15/3/2016 13:04

The potential upside of all Upsides TU, which will be de-risked even further on the next CPR, OIP update and the eagerly awaited Ernst and Young economic Kimmeridge report/study. Gl:-)

Ps cervalo, if HH and the potential national significance of the Weald is mentioned by George tomorrow then we'll be holding the hottest tickets in town, with the potential re-rating of re-ratings. Gl :-))))

[jlondon] 15/3/2016 13:00

CNN video- Walrus was the one who gave the info the day before that it was appearing and at what time. Someone also tweeted it.

Yesterday, Walrus gave a CNN Live link wherein all the news etc was running through at hxxp://www.freeintertv.com/view/id-200 . However, Walrus warned that it was going to be a big file to upload ie 1GB.

There was an initial title:"UK*s Black Gold Rush-full piece to be aired." This must be the pre-announcement.

The link worked but by the time folks looked at the above link, more news had transpired so everyone asked Walrus where it was.

So Walrus was kind enough to say that he would get out the relevant part and it would take 20 minutes.

Everyone had to wait. However, Walrus had extracted verbatim what Sanderson said in a few sentences.

Meanwhile, the MM*s had shut shop once Walrus had said what Sanderson had said,well it was co-incidental, let*s say.

Finally, Walrus got the compression done but the sound could not be turned up.
It was loaded on to YouTube and every body*s tweet is actually from Walrus*s work.

Walrus had explained that when he gave the original link, some 1 hr had passed so I guess it would take ages to go back to the UKOG piece if that was how the link worked.

The above is what happened on the day regarding the CNN video on UKOG. Hope this is helpful. [Running commentary of what happened].

15.3.2016 P.S. Not sure why when I type http it comes out hxxp?