Uk Oil & Gas Share Discussion Threads

[moneymunch] 24/3/2016 09:43

Lol more shares given up cheaply by the looks of it....gla Longs.....On and Up!!! ;-)

[datait] 24/3/2016 09:12

Im hoping to get 1.8 today.

[makday] 24/3/2016 09:11

Here datit...I have a good share pick for you..CPX..news out on 30th March.....results will be fantastic..heading towards 16p per share..DYOR!

[datait] 24/3/2016 09:08

12bn I bought double that at 2.35 and far more that both put togther under 1.5p so no worrys im not under water like you with your kibo and xtr hahahahaha

[datait] 24/3/2016 08:25

12bn how is your buys doing in xtr from .4 all the way down to .16 hahahahaha and kibo pmsl The Guru that you are hahahaha

[datait] 24/3/2016 08:24

What happened to your red ending yesterday 12bn you fanny.

Watch and weep as this pulls away when the news comes. Shame you have no money to invest hahahaha

[12bn] 24/3/2016 08:17

Datait,how is your 98384 purchase at 2.5350p doing? In Datait we trust........ to call it wrong. :)

[tommy25] 24/3/2016 08:16

this is going to 0o. short the stock to make big money. the city boys dont believe this story and they are the experts. so follow the experts guys and short 0p.

[datait] 24/3/2016 08:11

I am hoping this will fall further so that I can buy more at such a cheap price.

[datait] 24/3/2016 07:48

This is one to lock away as in time we will be in the £££;££££ folks.

[optrade] 24/3/2016 07:20

#UKOG #SOLO #ALBA #DOR “truly a game changing well“.

[moneymunch] 24/3/2016 06:43

Unless the ferry, then no. ;-)

[clickon] 23/3/2016 21:29

Have I missed anything about the Isle of Wight recently?

[moneymunch] 23/3/2016 21:17

What DIDN'T happen at Horse Hill. The really big story about the Gatwick gusher.

Details
Written by Nick Grealy
Published: 23 March 2016

What is - and is not - happening at the Horse Hill farm site only 20 miles from the southern outskirts of London is remarkable. On one hand, we have what genuinely can be described as significant - and even game changing - amount of oil. So congratulations are in order for the UKOG team for quietly, literally under Gatwick Airport’s radar, producing some actual hydrocarbons.

The Horse Hill success is even more material for the rest of the UK onshore oil and gas industry, a sector starved of good news - or indeed any news at all - from what DIDN’T happen.

First the oil, because to even a doubter like myself (at least until the Nutech and Schlumberger reports), the old adage that a drill bit is the best lie detector operates here. Horse Hill is made up of several operating companies as oil projects generally are, but the largest shareholder is UK Oil& Gas.

The news has been trickling out, but the oil hasn’t. This isn’t Spindletop, but by UK standards this is a gusher, the most productive well in years - with it’s best years most likely still to come.

This report is from Rig Zone, an oil industry site which sees wells all over the world. They sound impressed.

UK Oil & Gas Investment plc reported Monday that the Horse Hill-1 onshore discovery in southern England has shown “North Sea –like” oil flows.

The well, located near Gatwick Airport in the UK’s Weald Basin, flowed oil at a stable rate of 323 barrels per day in its latest production test, bringing the final total aggregate stable dry oil flow rate from two Kimmeridge limestones plus the overlying Portland sandstone at the well to 1,688 barrels of oil per day.

Over the 30-90 hour flow periods from each of the three tested zones, no clear indication of any reservoir pressure depletion was observed, according to UKOG.

Pressure depletion is a key metric. Sometimes wells flow very strongly and then stop. This one seems to keep on giving. Here’s Steve Sanderson,who unlike the ebullient, (even by my standards) David Lenigas, is not one who strikes me as prone to over-excitement.

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 percent 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. “These results also cause us to rethink and recalibrate many prior geological assumptions. Nutech will now reinvestigate the presence of significant natural fracturing and oil in place figures for both the Portland and Kimmeridge units given that all flow periods produced 100 percent dry oil”

Another analysis, perhaps to be taken with a few grains of salt, from Dowgate the brokers for Alba Oil, one of the smaller shareholders.

Given the flow rate size, high quality oil extracted, the importance of the discovery and potential of the wider Weald Basin in southern England to serve a substantial percentage of the country’s oil demand, investors should start sitting up and taking notice. One horizontal well within the Kimmeridge section at the Horse Hill site could deliver an improved flow rate, perhaps we estimate between 3 to 5 times the flow of a vertical well, which could amount to 5,000 to 8,000 bopd. From the existing platform at Horse Hill, there could be potential to operate up to 4 wells, which could boost production further up to 33,000 bopd.

Increased production volume, would require oil to be piped out rather than trucked, which could be easily achieved via an underground link to Esso’s existing Gatwick to Purfleet pipeline. Both production from this one site and the construction of an underground pipeline link would minimise the environmental footprint. An operation of this scale with production from the Kimmeridge section could lead to the oil majors running their slide rulers over the licences.

Having a pipeline nearby helps monetisation significantly, as I noted about the UK’s attractive gas infrastructure advantage here. This would be exciting anywhere. In a country that imports 500,000 barrels of oil a day, it's very exciting.Thirty four thousand barrels a day for example should be seen in a North Sea context, albeit a far cheaper one to access. Who needs a helicopter supplied drilling platform when the Gatwick Travelodge is a seven minute drive away?

[moneymunch] 23/3/2016 20:50

Solar Park

LOCATION:
LAND ADJ TO BRITANNIACREST, 26 REIGATE ROAD,
HOOKWOOD, SURREY

RECOMMENDATION
Planning permission is REFUSED

[moneymunch] 23/3/2016 20:44

and a solar park in spitting distance...;-)

Planning Committee
Agenda Item: 07
2nd September 2015
15/01424/F
M:BDSDMCtreports 2015-16Meeting 4 - 02 September 2015Agreed Reports
.01424.F - Land Adj to
britanniacrest.doc
TO:
PLANNING COMMITTEE
DATE:
2 September 2015
REPORT OF:
HEAD OF PLACES AND PLANNING
AUTHOR:
Steven Lewis
TELEPHONE:
01737 276 039
EMAIL:
[e-mail]
AGENDA ITEM:
07
WARD:
SOUTH PARK AND WOODHATCH
APPLICATION NUMBER:
15/01424/F
VALID:
24/06/2015
APPLICANT:
Navitas Projects Limited
AGENT:
Wardell Armstrong
LLP
LOCATION:
LAND ADJ TO BRITANNIACREST, 26 REIGATE ROAD,
HOOKWOOD, SURREY
DESCRIPTION:
Installation of a solar park wi
th an output of approximately
2.63MW on land adjacent to Britanniacrest Recycling.
All plans in this report have been re
produced, are not to scale, and are for
illustrative purposes only. The original plans should be viewed/referenced for
detail.
SUMMARY
The application is for the installation of so
lar park over a site area of around 5.96ha
hectares. The arrays would be mounted
on posts, above the ground, with a total
height of 2.33 metres, with deer-proof
fencing erected around the site.
The site is within the Metropolitan Green
Belt and a potential Site of Nature
Conservation Importance.

[moneymunch] 23/3/2016 19:47

-- UKOG is well advanced in the construction of a Field Development Plan for the Markwells Wood oil discovery (UKOG 100% and Operator). This will likely be completed and submitted to the OGA by June 2016. Planning permission will also be sought from the South Downs National Park Authority before end 2016.

[moneymunch] 23/3/2016 19:45

and Igas haven't drilled into the Kimmeridge.....yet.....hence

26/2/16

-- UKOG is considering drilling an appraisal well on the Baxters Copse discovery (IGas 50% Operator, UKOG 50%).



Markwells Wood Oil Field and Baxters Copse Oil Discovery

-- As announced in February and March 2015, UKOG, via two separate transactions, increased its working interest in the PEDL126 Markwells Wood to 100%.

-- On 13 May 2015, UKOG announced that OGA had granted one-year extensions to the exploration period of the PEDL126 Markwells Wood and PEDL233 Baxters Copse licences.

-- On 14 September 2015, UKOG announced that a Competent Person Report ("CPR") by Xodus had calculated P50 net Contingent Resources for the Markwells Wood oil field of 1.25 MMbbl.

-- On 16 October 2015, UKOG announced that the Markwells Wood Planning Permission had been extended until 30 September 2016.

-- The commercial prospectivity of the Baxters Copse oil discovery is still under technical evaluation by the Company and the operator IGas Energy Plc ("IGas").

[thegrumpster] 23/3/2016 19:39

Igas have 57 wells in the Weald Basin producing an average of 1,025 bbl/day (p23) between them.

At say 177bbl per tanker that's about 6 tankers per day from different sources.

Stockbridge being the greatest producer at 529 bbl/day, that's about 3 tankers from Stockbridge, one from Bletchingly 189bbl/d and about 1 daily from Horndean (156 bbl/d).

The rest are all deliveries every several days producing between 24 and 43 bbl/day.

UKOG should need a few trucks more than that. They'll probably be at the limit of what locals will tolerate. Even allowing for the local horsey lady wanting to raise her fields with truckloads of soil.