Uk Oil & Gas Share Discussion Threads

[temmujin] 25/2/2016 09:46

15mins to blast off...

[forwood] 25/2/2016 09:44

it could, but hasn't yet and the share price is continuing to unwind, with the 60 min chart some way to go. If we have no news, I expect it will be lower today. I have buy orders in at 2.6

[moneymunch] 25/2/2016 09:21

Rns Upper Limestone flow data update could drop at anytime.....gla lucky ones. ;-)))

[moneymunch] 25/2/2016 08:11

TU Wytch Farm began production at 6000bopd, but that was from 4 well sites originally, and so every chance the Weald Kimmeridge will be much bigger imho. Peak production from Wytch Farm hit 110,000bopd as well as loads of gas from 100 multi-pad wells from 13 well sites, all discreetly hidden from the general public in an area of oustanding natural beauty....gl......very exciting times!!! ;-)))

[theuniversal] 25/2/2016 07:51

All good vibes indeed.... lets not get too carried away... remember wytch farm started off with 6000 bopd initially then proceeded to climb up to a peak of 110000 bopd. WTI and BRENT are historically low and should by end of year climb back up too $40 -$50. Of which $40 is break even for UKOG. Although using the horizontal drilling WILL increase efficiency between 2.5 - 7 times to be slightly in profit. Cant see opening the oil taps straight away And the other zones and sweeter spots need drilling so I recon the total flow rate will be increased in a couple of stages. Up until its economical benefiting to do so..TU

[eddie max] 25/2/2016 07:27

Thanks moneymunch.

Sit back and enjoy the ride....

;)

[moneymunch] 25/2/2016 07:10

Ding dong....i think someone's going to get his wrists slapped this morning. GLA ;-)

[moneymunch] 25/2/2016 06:37

New video out...a MUST watch for UKOG investors !

24 Feb 2016
Andrew Bell calls Horsehill
www.lsesharetalk.com/share-news.php

Comments on the video from LSE BB:

"2000 bopd of multiple wells"

"Interesting, he said that the 2nd limestone horizon being flow tested currently is meant to be the best of the 2 and that results will be coming out shortly...."

"So that was filmed today, they said RNS in a matter of hours and they're so excited they can't keep the smiles off their faces!
Roll on tomorrow 7am!!"

" What he did say was they should know the results from the second test, which implies an RNS will be on its way."

"He said "in a couple of hours they will know" and then at 10.25 he says - "That would imply there is an RNS on the way"

"Can't see he would be allowed to put this interview out if the RNS wasn't logged as its market sensitve information."

"Do you think Bell has just forced their hand, seems to me an RNS has to be announced now?"

"He states results due in hours that implies an RNS is on its way, he was explicit."

"Looks like rns Thursday listen to Andrew Bells interview he said they should have flow results in a couple of hours so RNS is due. The video was recorded today."

"He also said find is equivalent tp the Nth Sea and by that I assume he is talking all the Weald"

"He said this is the real deal comparable to Wytch farm"

"Wytch Farm


"Wytch Farm is an oil field and processing facility in the Purbeck district of Dorset, England. It is the largest onshore oil field in western Europe." and achieved 110,000bopd at peak production.

[beebong1] 24/2/2016 22:56

www.lsesharetalk.com/share-news.php

A Bells expecting RNS soon. Not sure when recorded (10:35 was the tongue in cheek a real Wednesday lol)

[moneymunch] 24/2/2016 15:48

With quick drying cement, they might be ready....SS stated on Friday that they would be testing the next level ( Upper Limestone ) in the next few days. GL ;-)

"They have been cementing above the top of the lowest of the three zones ( Lower Limestone ) and i believe that's taken 3 days already because the pressures were so immense, and then they go up to the next zone ( Upper Limestone ) to test."

//www.proactiveinvestors.co.uk/companies/stocktube/4681/regency-mines-boss-this-makes-the-south-of-england-into-texas-4681.html

[beebong1] 24/2/2016 15:25

Not expecting flow test to start for a few days once they have plugged it. Once they have poured the cement it has to set before they can perforate the 2nd layer.
As alluded to by A Bell in his interview they would want to ensure a good seal on that natural high pressure.
I would rather wait a few extra days for a "proper job".

[moneymunch] 24/2/2016 14:41

Perfectly poised for the imminent Upper Limestone flow data update. Gla :-)

[someuwin] 24/2/2016 13:48

Moving up fast.

[ibug] 24/2/2016 13:25

They had a slanging match with some locals yesterday---and a few days ago a few disconnected a tanker trucks brake pipes...demonstrations are ok in the so called free world but intimidation is surely a bridge too far imo.

[moneymunch] 24/2/2016 13:21

I went past site earlier, they've all been moved ( just a handful ) to their corner plot well away from site entrance, trampling all the blue bells that are pushing up for spring. Gl :-)

[ibug] 24/2/2016 13:17

For what it's worth the lorry spotting protesters went to court this morning after at least three recent arrests and for now they appear to have stopped filming intel---lol

[simon_64] 24/2/2016 13:14

Nice healthy retrace took some profits at 3p and now bought back.

Take a look at ALBA have bought in large there over the last day or so owns 9.5% HH.

[moneymunch] 24/2/2016 13:07

Lol the "gap" was in relation to the chart he attached to his article.

[...]

[forwood] 24/2/2016 12:58

Is A Strang for real? "The gap up was, we assume, due to some sort of good news and, realistically, we regard this as a game changing gap."

He may be right but appears to have no clue what he is talking about!

[moneymunch] 24/2/2016 12:22

After years of preparation, the unlikely oil field lying underneath Gatwick Airport has finally pumped oil out of the ground.

Both the flow rate and quality of oil at the Horse Hill-1 discovery in the Weald Basin have beaten management forecasts, and bosses remain confident this will improve further. This round of testing is clearly a significant step toward commercial production (Interactive Investor, 16 February).

In such a situation, we tend not to expect the price to reverse to cover the manipulation.

[moneymunch] 24/2/2016 12:19

Uk Oil & Gas heading for 5.25p?

By Alistair Strang | Wed, 24th February 2016 - 10:28

UK Oil & Gas (UKOG) appears to have sprung into life as we've had more than our fair share of emails. Currently, the situation appears to be of movement above 3.025p mid-price, leading to an initial 3.5p.

Visually, it makes sense, but we ideally need the price to close above 3p [closed at 2.97p on Tuesday 23 February, and hit a high of 3.1p Wednesday] to be comfortable our secondary calculation at 5.25p is liable to come to fruition.

The gap up was, we assume, due to some sort of good news and, realistically, we regard this as a game changing gap.

[moneymunch] 24/2/2016 12:07

Not much imho.....Upper Limestone flow data imminent,and another significant rise on positive data.....the chart looks perfectly poised ( again )....gl ;-)

[forwood] 24/2/2016 12:03

Let's hope so. Big question is how far this will fall before a further advance.

[ibug] 24/2/2016 11:41

Forwood there are a lot of things in the mix as we both know:

possible Big Gov fast tracking to licenses to develop HH

Ernst Young valuation

Possible MPET stake sale

and a JV is rumored.

Final flow test results and post results analysis by Nutech and Xodus.

All subjective until proved right or wrong.


But one thing is for sure---" It's looking good at HH-1 Houston"---smile