Uk Oil & Gas Share Discussion Threads

[scotty666] 29/3/2016 10:26

40M market cap with no strong institutional holders, just PI and sentiment driven on a large scale.

[tmmalik] 29/3/2016 08:58

Will back above 2p in afternoon session

[scotty666] 29/3/2016 08:37

Chart clearly suggests back below 1.5p in the absence of news, will have a little tickle myself if it makes it that far down.

[datait] 29/3/2016 08:30

Go back to your xtr 12bn its falling fast lol

[12bn] 29/3/2016 08:02

MURPHYL 24 Mar'16 - 19:05 - 2408 of 2429 1 1

DATAIT,You are a first class idiot and a fool. Do you ever get embarrassed when you read back the shameful lies you post, day in day out ,on all the boards you infest. You are a conman and a cheat.

[dssloan] 29/3/2016 00:18

LSE interview doesn't really reveal too much (37 mins long and the bulk of it is devoted to Lenigas Cuba and LGO.

hxxp://www.lsesharetalk.com/share-news.php

Decidedley inarticulate and under-prepared interviewer who also interviewed blabbermouth CEO of Regency Mines. I don't expect Paxman/Dimbleby standards but I would have thought something even approaching Proactive Investors or BRR Media.
Embarrassing to listen to and DL had the patience of a saint to give up bank holiday time to listen to such ill-prepared questions.

[moneymunch] 28/3/2016 21:21

DL Interview Share Talk

[ethelredtheready] 28/3/2016 16:10

Shell is reportedly exploring a sale of North Sea oil assets. The oil major, which has completed its $35bn (£25bn) merger with BG, has begun sounding out buyers for operations.

Shell’s boss, Ben van Beurden, has already pledged to divest $30bn (£21.5bn) of assets globally and has described the North Sea as “old and mature”.

The Sunday Times reported that there have been early talks with Neptune Oil & Gas, which was set up by Sam Laidlaw, the former boss of Centrica. About 2,500 of Shell’s 7,500 employees work in the North Sea. BG was created in 1997 when British Gas divested Centrica.


READ MORE

[rayrac] 28/3/2016 13:23

Neptune oil and gas, is on the lookout for investment opportunities. Apparently looking at those said Shell assets and others of course!

If UKOG are sitting on mammoth finds in the Weald, then I can't see the big boys just watching.

[ethelredtheready] 27/3/2016 15:43

We could easily be taken out if the Govt helps to fast track the HH producers by enabling short cuts to local authorities to grant the necessary licences. Considering the high cost for UK to produce overseas, it would be in their (UK) INTERESTS to make sure this happens. As SHELL is selling off some of their North Sea Assets...then they could be glancing at new horizons on-shore UK.

hxxp://www.msn.com/en-gb/money/careersandeducation/oil-crisis-north-sea-could-lose-45000-jobs-in-2016-sir-ian-wood-says/ar-BBqWN8u?li=BBoPMmp&ocid=UP97DHP

hxxp://www.lsesharetalk.com/oilandgas/ukog-2.php

[temmujin] 27/3/2016 13:11

hxxp://www.nohotair.co.uk/index.php/shale-gas-2013/199-energy-policy/3293-what-didn-t-happen-at-horse-hill-the-really-big-story-about-the-gatwick-gusher

[moneymunch] 27/3/2016 07:49

Telegraph business reporter

26 March 2016 • 6:15pm

Oil prices could rebound sooner than expected as smaller oil producing nations make deeper cuts to output than forecasts suggested.

Analysts at Bernstein claim that production from non-Opec oil producers outside the US is falling four times faster than the International Energy Agency estimated, meaning prices should recover faster than expected.

The research shows that net oil production from China, Russia, Mexico, Canada and the North Sea is declining by 220,000 barrels a day, compared to IEA forecasts of a net decline of just 50,000 barrels a day for the group.

The steeper than expected declines will help oil markets rebalance in the second half of 2016, the brokerage said.



In the relatively high-cost North Sea basin, Bernstein expects production to decline by almost 95,000 barrels a day, compared to the IEA forecast of a 50,000 barrel a day decline.

UK and Norwegian oil production showed modest growth last year despite plummeting market prices, but Bernstein said this was due to a string of start-ups financed well before the crash as well as limited maintenance outages which are “unrepeatable” this year.

“Current oil prices are below the cash break even for marginal producers and will force a faster than expected decline in production than many expect. We believe that the market has underestimated the magnitude of falling production and is thus assuming a more delayed re-balancing of the oil markets,” Bernstein said.

Oil prices have climbed over 50pc in two months to around $40 a barrel after hitting twelve year lows below $30 in January, in what many believe could spell the end of the twenty month oil price rout.

[temmujin] 26/3/2016 17:40

anyone buying ascent resources tuesday? gonna be the biggest multibagger of all time according to some astute investors...late bid approach on thursday..check out RNS

[thegrumpster] 25/3/2016 16:45

CNN List:






Page 7 Summary: (of the 2016 report....see link in previous post)

UK offshore..."Industry has made substantial progress in reducing costs and improving efficiency. Unit operating costs fell from $29.30/bbl to $20.95/bbl in 2015 and are expected to fall by another 20 per cent to around $17/bbl this year, a total of 42 per cent within two years."





That brings it down to the US level, given as $36.20, similar to Norway.

[thegrumpster] 25/3/2016 16:35

From LSE........it's based on the CNN (Rystad Energy) chart and might be out of date. (although it is dated Nov 2015) The latest UK estimates show oil costs as being down to US levels....<$40/bbl
42 percent reduction in two years....probably allows for the current lower price of diesel.....so US levels will probably now be lower than shown by CNN.



"freeasabird
Posts: 1,356
Premium Chat Member
Off Topic
Opinion: No Opinion
Price: 1.975
DL retweeted
Today 11:49
Overall cost to produce one barrel of #Oil. You can see which countries are in a bit of trouble....



Up to date (2016)estimates for UK offshore here: (Tweet them back? Or whatever you call it).






Graphic summary:

[datait] 25/3/2016 07:49

moneymunch we are the one's that will be laughing all the way to the Bank when the news hits. Let them watch and weep as we said told you hahahaha.

[moneymunch] 24/3/2016 22:08

Lol supertit, you scoffed at my suggestion that oil had bottomed when Ukog's share price was c1.3p just before it hit 3p, and your negative opinion was the same at sub 1p along with your snide cohorts,....lol.....Ukog have made the biggest oil discovery in Europe for years, and high quality oil at that, yet you continue with your jaundiced view, in complete denial. Full market appreciation will arrive sooner or later and the current low is a steel. Gla longs,, UK is all set to becoming a Major UK Oil producer. ;-)