Uk Oil & Gas Share Discussion Threads

[datait] 21/3/2016 14:34

12bn unlike you im not well under water I bought plenty of ukog under 2p so no worry's lol and since I have had several top ups.

[big7ime] 21/3/2016 14:07

News seems pretty good but isn't STG the standout value play here

Surely.

[forwood] 21/3/2016 14:06

Proj - That was funny - funny is ok!

[12bn] 21/3/2016 13:46

This has been a standard Datait investment so far. He bought at 2.5350p and the bid is 2.15p! Trust in Datait,he is always right.........he says! :)

[datait] 21/3/2016 13:36

Pmsl if anything I get a good laugh out of you pair o fannys

[jlondon] 21/3/2016 13:11

Andrew Bell*s audio interview on UKOG RNS today just out via LSEsharetalk on Twitter.
Mon 21 Mar 2016. --Very long---

[12bn] 21/3/2016 12:56

Datait,why don't you do this share a favour by not posting? You are far too stupid to help UKOG with your ill-thought out ramping,imo.

[datait] 21/3/2016 12:48

Yeah they are all coming in for a bite of the cherry lol.

[forwood] 21/3/2016 12:43

Am unconvinced you add anything useful to this thread Proj.

Getting ready for the next leg up. Slow stochastic on the 60 min chart has already turned up. The lunch time crowd is buying!

free stock charts from uk.advfn.com

[proj] 21/3/2016 12:35

Dropping...the MMs have suckered in yet another batch of mugs.

Rinse and repeat, rinse and repeat.

[12bn] 21/3/2016 12:31

Datait really is an idiot forwood,in fact he is mentally ill as well. You cannot reason with his tiny demented brain. Eventually you will come to the same conclusion. Datait is not a normal individual,he is a nutter.

[datait] 21/3/2016 12:26

In a stock market statement, Sanderson said: “The flow test results are outstanding, demonstrating North Sea-like oil rates from an onshore well.

[datait] 21/3/2016 12:19

plenty of appetite for this share thats for certain.

[datait] 21/3/2016 12:18

You think lol

[moneymunch] 21/3/2016 12:17

Next at Horse Hill a longer term production testing programme is planned.

UK Oil & Gas Investments PLC (LON:UKOG) chief executive Stephen Sanderson has called the Horse Hill flow-testing results “outstanding” and highlighted that the aggregate flow of oil measured in the programme would be equivalent to 8.5% of the UK’s total daily production from onshore fields.

Sanderson’s comments came as the final flow tests of the programme have now completed.

In the final test, the Portland reservoir flowed at a stable dry rate of 323 barrels of oil per day, which is double the rate seen in the prior Portland test.

In this second test a larger pump was used to extract the oil, and even at maximum pump capacity there were no indications of depletion. It is believed that the use of a higher capacity pump would probably yield higher rates still.

This final Portland test result means that the three phase testing programme has measured flow rates of 1,688 barrels of oil per day in aggregate across the Horse Hill discovery’s three separate test zones.

The stakeholders in Horse Hill - which include UKOG and Solo Oil - are now applying for regulatory permissions to conduct extended production testing on all three zones that have been tested to date.

It is also proposed that this extended testing programme be followed by horizontal side-track drilling through Horse Hill’s two deeper Kimmeridge zones. It is also possible that a separate vertical development well could be drilled solely for the Portland reservoir.

In a stock market statement, Sanderson said: “The flow test results are outstanding, demonstrating North Sea-like oil rates from an onshore well.

“This simple vertical well has achieved an impressive aggregate oil rate equivalent to 8.5% of total UK onshore daily oil production.

“The Portland also has greater flow potential as rates were limited by the test pump's maximum capacity. Further significant flow rate improvements may be achieved from all zones using horizontal sidetracks during future planned operations.”

He added: “Whilst there is still much work to be done, this test has moved the project into a potential commercial reality.”

Neil Ritson, chairman of Solo Oil, meanwhile, said: “This is truly a game changing well for exploration in the Weald Basin and provides considerable encouragement that a significant commercial accumulation has been found in the Portland sandstones and that a potentially massive Kimmeridge limestone play has been revealed. 

“Solo looks forward to further results from the tests and future plans to produce the discovery and further explore the potential of the Kimmeridge play.”

UKOG owns a 19.968% interest in PEDL137, the onshore licence that hosts the Horse Hill discovery, whereas Solo Oil has a 6.5% interest in the project.

[forwood] 21/3/2016 12:14

Datait - you are an idiot! (comments on stops). Don't you have any ability to read L2?

[12bn] 21/3/2016 12:13

UKOG seems to be on a 2 steps back one step forward followed by 2 steps back retrace. Be very careful buying here on the drop backs as you could get locked in.

[forwood] 21/3/2016 12:12

leave it out Proj - overstepped the mark, childish and poor taste.

[datait] 21/3/2016 12:12

Told you mm's would take out stop losses only to rise back up quickly again.

[datait] 21/3/2016 12:10

MOVING ON UPPPPPPPPPPPPPPPAAAAAAAAAAAAAAAAAAAAAAAA

[datait] 21/3/2016 12:08

Just watch as this will go blue.

IN DATAIT WE TRUST

[datait] 21/3/2016 12:08

Dont be so silly Proj this is nothing to worry about and remember its only money if you dont have it then you should be here to start with.

[datait] 21/3/2016 12:02

keep up ya fanny