Uk Oil & Gas Share Discussion Threads

[moneymunch] 30/3/2016 22:21

"Delegated Powers".............Fast tracking for HH production very likely. Gla Longs :-)

Go-ahead for 15 years of gas and oil production at IGas site in Surrey
By Ruth Hayhurst on March 30, 2016 •

"The decision last week (24th March 2016) was made under delegated powers and did not go before a planning committee or the full council."

[jlondon] 30/3/2016 17:24

UKOG - New video out [...]
The title is "Get excited about UK Oil and Gas plc."
Preamble:"It is still early stages, but the Weald Basin looks exciting ADMITS Graham Malcolm Wood. Here*s what he had to say."

Extract from video interview: "Following carefully, not fracking or gas, NUMBERS -good for co and other co*s, DISCOVERY of the SIZE, WATCH THIS SPACE, PROMISING."

Graham Malcolm Wood is the oil man [as he is referred to] formerly of VSA Capital, now Founding Partner of Hydrocarbon Capital Ltd.

D.Lenigas tweeted that he is in New York on a road show with big fund mnanagers for lithium and oil [please check]. With Malcolm*s SUDDEN interview and about watch this space and numbers, the experts reports is swaited [as per DL very soon, pl check].

On Twitter now & just relaying. 30 Mar 2016.

[blueteam] 30/3/2016 16:14

time to get back in, share price falls as profits taken, and any shorters will be closing ahead of possible news on monday. Think they may well announce partner tie up with a big boy ? BP.

[robbie1424] 30/3/2016 15:39

Forwood- This is a tight oil play as we were led to believe but the proof of free flowing oil is there to see.
Those calculations were based on a tight oil play/formation.

I expect the figures to now climb after the 3 testing zones produced so much free flowing oil.

The mms are playing a blinder as they make money either way but feel some peeps have been pushed out of this stock with it dropping daily and eating into Investors money.

Look at the potential, look at the figures and create some expectations on what you feel/research what could be delivered but also the cost to get there.

Now that they have a lot more information about the Kimmeridge limestones and possibilities of moveable oil it changes a lot about Ukog itself.

As we speak new geology is being written about the Weald basin just from information gained from drilling those zones.

It will be a part of history and I'm hoping it's going to be the biggest onshore oilfield to be found in the uk dwarfing whytch farm.

[forwood] 30/3/2016 12:57

UKOG's portion of it. The source is stated in the header, Table 1. Note this was produced before they struck oil here.

Have just been over on the idiot thread where 12bn is trying to promote the idea that only a small portion of 90% recoverable oil is recoverable. He is that stupid!

[beebong1] 30/3/2016 11:31

Are you talking about the Weald as a whole or UKOG's portion of?

forwood 30 Mar'16 - 02:52 - 2464 of 2482 1 0

There's a 90% probability they have £57bn worth of oil in the Weald.

[forwood] 30/3/2016 10:51

Gone up nearly 8 x on a potential merger / bid? Shows there are deals to be done and the updated OiP and reserves here is a likely trigger for something similar.

[fission453] 30/3/2016 10:26

Don't think any profits filtering over from AST!!!!!

More to be made on AST.....lets says 50p per share!!!!!!

[niceyman1] 30/3/2016 10:14

think we will see volumes pick up this pm as profits from ast filter over. i.m.o.

[forwood] 30/3/2016 10:07

I'd move the year end to 31 march, update the income & cash position for the 6 months and the net assets as of now. Then as chairman of the consortium, I'd do a deal on the strength of those assets to raise cash for the development. Sort of thing Glencore does all the time.

[datait] 30/3/2016 09:51

Another nice top up here could'nt say no.

[forwood] 30/3/2016 09:47

Other thing I wondered is whether they'd revise their proforma balance sheet. The revision to oil in place, based on actual strike rate, is likely to mean a massive revaluation of their asset base reserves. We are talking £billions here, and the discrepancy to the actual share price is staggering.

[moneymunch] 30/3/2016 09:45

The AGM is on Monday and so maybe a timely sweetener. Gl :-)

[temmujin] 30/3/2016 09:38

this could blow anytime if rumour of BP bid

[niceyman1] 30/3/2016 09:30

More likely beginning of next week as agm end of next week?

[forwood] 30/3/2016 09:26

Any day now. They'll have the previous study models in place and I assume its mostly a question of updating key variables. My best guess was this Friday but April 1st probably not a good day to bring out a report like this, so Monday next week. If they've pulled out the stops, it could be tomorrow. I'd be surprised if it was much later.

[theuniversal] 30/3/2016 09:14

Forwood this report. Is it due in april

[forwood] 30/3/2016 09:07

Really looking forward to the Nutech upgrade report to the oil in place ("OIP") and possible flow rates from a horizontal well. Nutech and Xodus are also looking at the potential recoverable volumes. As reported on the 21st, 'Results of these studies will be reported shortly'.

[forwood] 30/3/2016 09:02

PANR interims out today outline the difference between horizontal and vertical well flow rates: horizontals are 2 to 3 times greater. There are other similarities.

Their first well produced 1500 flow rate from a 62ft perforated interval. Their 2nd had 750 flow from a 107ft interval (compromised, will need fracking). We produced 1688 stabilised flows from 271ft. Our one well is likely to be significantly bigger than their first (4x?). They own 50%, we own 20%.

But the biggest difference is market cap - at over £285m, theirs is almost 8 times our £36m. Admittedly they are nearer production in the more liberal landscape of West Texas, but that's a huge difference.

[datait] 30/3/2016 09:02

You will see UKOG go much more than AST and thats not far off.

[robbie1424] 30/3/2016 08:54

Looking at it all wrong if you think it's pants!!!
Greed? One of the 7 deadly sins.
No room for greed in investing.
Just common sense, know how, research.
1.5 next please as I want more based on my own research, logic.
A big bounce will come that there is no doubt.
Have a good day.

[vitec] 30/3/2016 08:08

So is UKOG's SP!!

[robbie1424] 30/3/2016 07:43

Funk- yes but if it was a £50 note you would extract it- simples
You starting to get it? !!!
And if it was £500 you would do whatever to get that £500.
Now turn that into Billions!!!
You got it now.

Until they come back giving numbers or saying cannot be extracted- I'm staying long:0)

In Dubai with family and weather pants today:0(

[funkmasterp12] 30/3/2016 07:20

There's also probably about £1.20 in change down the back of my sofa. Doesn't mean I can extract it necessarily though :)