Uk Oil & Gas Share Discussion Threads

[12bn] 17/3/2016 08:45

Always watch the volume,when a 'hot shares' volume drops off then the share price drops,eos.

[moneymunch] 17/3/2016 08:43

Get real simon, the weak are being shaken out along with those worried which obviously includes you......hold on tight and top up at this bargain share price imho, a sudden and significant re-rating is more than likely!!! Gl ;-)

[moneymunch] 17/3/2016 08:40

Brent now at $41.25 and rising.....the most perfect storm brewing for Ukog with more good news expected from HH imminently, along with revised CPR and OIP update followed by the Ernst and Young Kimmeridge Economic Study/Report and its potential National Significance......GLA Longs......Ukog are on a oneway trajectory in becoming a Major player and Leading UK Oil producer. ;-)))

[simon8] 17/3/2016 08:35

Shame share price on its current downward trajectory, can't see it stopping at the moment, despite being long and having confidence this will have major upside mid / long term it does hurt.
The share price post current testing has to find its plateau level whilst all goes quiet as data reviewed and development plans worked on. Hoping that floor isn't back at 1p, otherwise my holding is going to be looking pretty sick.
Bottom draw time for this one I think....

[janekane] 17/3/2016 08:16

+0.73 40.87 40.0 -
• Brent Crude Oil NYMEX (1,000 USbarrels;c /barrel)
May 2016 40.97 +0.71 40.99 40.2 -
Jun 2016 41.6 +0.65 41.61 41.07 -

Money munch what school did you attend!!!!!!

[janekane] 17/3/2016 08:11

Best short on ADVFN fill ya boots its down again
The City never gets it wrong
this has no chance
TW has done you lot a favour he's warned you enough so now your doing you money you only have yourselves to blame

[moneymunch] 17/3/2016 07:18

Brent at $49.81 and rising....gla longs ;-)

[moneymunch] 17/3/2016 06:29

David Lenigas ‏@DavidLenigas 7h7 hours ago

I have a good feeling that with Government support that the #gatwickgusher could be more important for the UK now than the North Sea.

[janekane] 16/3/2016 19:20

Any proposals would also need to meet the existing criteria of the scheme, including in relation to commerciality and financial credibility.

That put this pile of shyte into touch

[moneymunch] 16/3/2016 19:12

Lol TU, no chance and with oil price on the rise, make the most of the current low petrol prices. Gl ;-)

ps Budget Picks courtesy of Gold on Lse

1.197 The government is willing to consider proposals for using the UK Guarantees Scheme for infrastructure where it could help secure new investment in assets of strategic importance to maximising economic recovery of oil and gas. Any proposals would also need to meet the existing criteria of the scheme, including in relation to commerciality and financial credibility.

[theuniversal] 16/3/2016 17:05

Moneymunch didnt get to see the budget. But is that petroleum tax meant a reduction on the forecourt petrol pumps. As it's historically been a rip off tax.. we should be at 60p per litre...

[datait] 16/3/2016 16:30

Another down day all round for 12bn in his xtr and kibo hahaha

[moneymunch] 16/3/2016 16:03

Cheers robbie, here it is again without reference to you know who, maybe the penny has finally dropped and he's now actually doing some research on the subject for a change. gl ;-)

The Kimmeridge Interval is an oil saturated compact pressured shale/clay formation, and because it is pressed so "tightly" they didn't think they'd be able to extract the oil conventionally, but there are three limestone strata that run through this shale/clay and Ukog have flow tested the top two which are c100 ft thick each. Limestone is naturally porous, fissured and soaks up the oil from the shale, and so far the flow has exceeded all expectations and this is just from a vertical well, and so one can imagine how much oil will flow from a multi-pad horizontal set up, drilling through both layers in all directions, with more oil flowing into the limestone from the shale as it's extracted. The Kimmeridge interval covers most of the South East and is the source rock for the North Sea, much of the middle east including Saudi Arabia and many of the analogous shale plays in the US.....potentially this could be massive and is very likely of national significance and transformational for all invested. Gl:-)

[forwood] 16/3/2016 15:54

The RSPs frequently turn off the ability to trade at the price quoted on the book; it's not your broker's fault!

[robbie1424] 16/3/2016 15:35

Genesis- Lots of funny business going on.
They are after stop losses and close up shop for buys.

In the longer term this is only going one way and certainly accumulations going on.

The facts are there to see so just keep the faith as one day soon this is gonna get a huge rise with some outstanding news.

Moneymunch- I was commenting about your post about the Kimmeridge Limestones/clay
Very good post and gives investors a good insight that do not know much about oil and gas.
GL

[moneymunch] 16/3/2016 14:19

Brent back to $40 plus......and rising.;-)

[genises] 16/3/2016 13:55

mm taking the biscuit.
Barclays wont trade above 30,000 to buy at 2.35p
but would like all my shares at 2,32p

[datait] 16/3/2016 13:41

It will cant discriminate

[genises] 16/3/2016 13:40

price about to go up Barclays stopped quoting my buy

[moneymunch] 16/3/2016 13:40

Not clear if it also applies to onshore production, but would seem unfair if it doesn't? ???

[moneymunch] 16/3/2016 13:38

Chancellor George Osborne says the Supplementary Tax will be reduced from 20% to 10%, while also revealing he will “abolish”; the Petroleum Revenue Tax.

The politician delivered the new range of measures to help support the North Sea oil and gas industry which he said had been hit by the continued slide in the price of crude.

Indsutry body Oil & Gas UK said immediately after the announcements by the Government: “We welcome any steps to reduce the heavy tax burden on the oil and gas industry.”

The changes come after the Supplementary tax was reduced from 30% to 20% in the Budget last year.

[moneymunch] 16/3/2016 13:36

Cheers robbie, all bodes well for UK Oil explorers/producers.....the most perfect storm for Ukog with the potential of millions/billions of recoverable oil and the undoubted rise in the price of oil by the time HH goes into production. Gl :-)

[simon8] 16/3/2016 13:32

the supplementary charge only applies to offshore I believe and PRT was as good as dead anyway as only applied to old fields...been gone for new fields for more than a decade!