Uk Oil & Gas Share Discussion Threads

[thegrumpster] 17/3/2016 20:04

FWIW being a cynic. my view is that a placing will likely be organised sooner than is really needed, from a strictly financial point of view.

As the stated results appear to have been considerably better than expected, (expected 2500 for 12 wells ...208 barrels per well, per day!) IMO there will be all kinds of "mates", cronies, and assorted sophisticated riff-raff crawling out of the woodwork, who will now want a piece of the "sure thing", and might be reluctant to faff around buying shares on the open market, at the market price.

As these types will likely promise to love DL & Co "long time" and put their winnings into other "family" ventures. It might be hard to turn them down.

IMO the better the news, the more likely they'll rush in a placing, whether they need the money or not.

Still....that 1500 barrels from one hole, is some improvement over expectations, by any standards.

It must have caught everyone by surprise.

Did buy a few. Should be interesting.

[thegrumpster] 17/3/2016 19:23

Apologies, the first link is on the UKOG website.



Interesting (to me anyway) that the Xodus report expected daily production of 2500 barrels from twelve production wells. And those wells to average less than one tanker per day over the 30 year expected well life.

Expectations largely exceeded then.


""......UKOG further envisages that a tight oil well pad could potentially produce at a peak rate of around 2,500 barrels of oil per day(“bopd”), depending on the number and pace of wells drilled and the phasing of them being brought into production...

.... A single tight oil multi-well pad conceptual design has been completed, with 16 well slots in two rows of 8, nominally: 12 production wells, 1 water reinjection well and 3 spare/future slots...

....Tankers are loaded with crude in the export loading bays. At the estimated peak production, of around 2,500 bopd, the facility would require approximately 8 trucks per day (one truck every three hours) to transport produced oil to the nearby Fawley oil refinery. Within three years of initial production, the amount of truck movements would reduce to about half that required during peak production, i.e. a road tanker every six hours. Over the estimated 30-year life of a multi-well pad, it is expected that the number of road tankers will average less than one every two days....."

[thegrumpster] 17/3/2016 18:51

FWIW Wytch Farm oil:



Still looking for current costs of production at Wytch Farm.

[thegrumpster] 17/3/2016 18:45

FWIW, US report, probably already posted, but updated a few days ago 9 March.
(Not reading through all the posts as it is a bit polarised even by ADVFN standards...the Lenigas effect ?)




Extract:

"The Weald shale basin is located onshore in southern England, and could hold large quantities of recoverable liquids. In 2015, a UK exploration company drilled a well in the Weald basin near London's Gatwick airport and reported very positive preliminary results. However, exploration of the basin is still in its early days. Estimates of in-place resources in the Weald basin vary widely, and it is still undetermined how much of the resource, if any, can be recovered economically."

Also full pdf report on the website. (22 pages)

hxxps://www.eia.gov/beta/international/analysis_includes/countries_long/United_Kingdom/uk.pdf

[cupra kid] 17/3/2016 17:54

You can't knock the traders if they've made a few hundred quid however I'm firmly staying for commercial production and quite possibly life changing sums of cash.

[theuniversal] 17/3/2016 17:49

Moneymunch.. when is next news due.. been a little behind the loop again with this fella...

[football] 17/3/2016 17:38

GENISES maybe a HH thread is needed with all the companies on it

[moneymunch] 17/3/2016 17:35

Good luck to those who want to take their profit early, but Ukog will be pushing new highs on full flowtest data and CPR update, Ernst and Young report and lots of other potential exciting news as the penny finally drops and the market and "so called" industry experts realise their judgement of error...gla longs, very exciting times ahead for days, weeks months and years. :-)))

[genises] 17/3/2016 17:28

Forward
Any chance of having the share charts for the other companies involved on here.

Looks like some good news to come out.

[funkmasterp12] 17/3/2016 17:15

There's clearly news in the offing as the share price always spikes like this before an RNS and the insider trading here (and on the other HH stocks) appears to be rife, if you believe the chart patterns. What it does mean though is it normally comes back on the news! How ridiculous.

[moneymunch] 17/3/2016 17:15

Ps Brent at $41.25 and rising....the most perfect storm brewing for Ukog...:-)))

[moneymunch] 17/3/2016 17:13

12bn is a lowlife TW scumbag cohort ...they've called it completely wrong and are still in denial.....gla longs......more good news from HH anytime now...3p plus in a blink and the Upside of all Upsides as HH and the Weald license area's are developed for production. :-)))

[12bn] 17/3/2016 16:47

Just keeping UKOG in the spot light to help you longs out forwood. :)

[12bn] 17/3/2016 16:45

nevgroom,I had my crystal ball upside down,I have turned it the right way up now and it tells me that the share price will fall tomorrow. Yours Mystic Meg,in Mystic Meg we trust. :)

[forwood] 17/3/2016 16:45

What on earth are you doing here then 12bn - other than being a complete time-waster?

[nevgroom] 17/3/2016 16:30

ps This should fall into the close as the day traders exit. I hope that helps.

Well shiver me timbers! Yet another incorrect prediction ;-)

[datait] 17/3/2016 16:22

surge into the close

[datait] 17/3/2016 16:20

run along and get your tea 12bn its been along day for you hahahahaha

[12bn] 17/3/2016 16:17

robbie as luck would have it I am not invested here long or short,I hope that puts your little mind at ease. :) ps This should fall into the close as the day traders exit. I hope that helps. :)

[datait] 17/3/2016 16:06

12bn has no money to invest here he is all in kibo and xtr well under water can see the wood for the trees should cut his losses hahahaha.

Just watch and weep 12bn as we make plentyyyyyyyyyyyyyyyyyyy

[robbie1424] 17/3/2016 15:50

12bn- u aint a bloody clue.
I hope you are not invested here long or short- priceless.

shame for those that got squeezed out. homework and big balls

[scotty666] 17/3/2016 15:38

OK - A little weird but each to their own.

[12bn] 17/3/2016 15:33

scotty666 sometimes I post to annoy Datait,was he long yesterday,he changes so quickly? :)

[scotty666] 17/3/2016 15:26

12bn aren't you the same chap that was suggesting we part with our profits in 88e yesterday?