Union Jack Oil Share Discussion Threads

[woolybadger62] 24/7/2019 16:17

Wow some numpties still buying when they are stating it may not flow

[spandy83] 24/7/2019 16:17

Urm what's with the market reaction to this news? Isn't it stuff we already knew?

[woolybadger62] 24/7/2019 16:17

Based on the analysis of the data gathered while drilling, it is uncertain whether the well may flow oil or gas, or a combination of both. Furthermore, the composition of the hydrocarbons would need to be determined during the well test

[zen12] 24/7/2019 16:16

Unbelievable rns - are these guys for real?

[woolybadger62] 24/7/2019 16:14

Timberrrrrrrrr

[woolybadger62] 24/7/2019 16:13

Collapse get out quick

[woolybadger62] 24/7/2019 16:13

Nt to sell

[woolybadger62] 24/7/2019 16:12

Under 0.2 soonShame on Chris oil

[woolybadger62] 24/7/2019 16:12

L2 just collapsed

[woolybadger62] 24/7/2019 16:12

It's going to tank big time

[woolybadger62] 24/7/2019 16:11

Timberrrrrrr

[jlondon] 24/7/2019 15:23

At HL, there is no online quote for UJO even for 1,000 to buy. Quote to sell available.

Tested dummy for a few minutes now.

Wed, 24 July 2019
@3.23pm

[theblackbaron] 24/7/2019 14:57

Comments flow test equipment arriving soon moving forwards......

[maxwell] 24/7/2019 11:52

Looks like a seller of a few to finish the month ahead...

[currypasty] 24/7/2019 10:36

.263 sells, .267 buys

[maxwell] 24/7/2019 10:18

But spread 0.26/.28p & most trades are a shade under 0.27p which indicates
they are sells but the frequency just strikes me as buyers picking small numbers
up for a punt...... what do you all think????

[niku1] 24/7/2019 09:54

Very little volume today
Guess steams run out until next update

[bionicdog] 23/7/2019 22:31

Fear not.
Vigilant dog.

[uggy100] 23/7/2019 15:24

I'm sure the HSE are busy it's a typical Government Dept. burdened by mountains of red tape & bureaucracy which is rather typical of this country. And people wonder why the UK is a difficult place to do business in !

[currypasty] 23/7/2019 13:03

from interweb...

"How many barrels of oil from one ton of oil?



Petroleum has a specific gravity of 0.88 which means 1 liter weighs 0.88 kilograms.
From the volume page we know that:
1 barrel [US, petroleum] = 158.9872972 liter
So 1 barrel weighs:
158.9872972 * 0.88 = 139.908821536 kilograms
1 metric ton is 1000 kilograms:
139.908821536 / 1000 = 7.1475121
So there are a little over 7 barrels of petroleum in a metric ton."



so they applied for 200t, which equates to 1400 bls

of course its not that simple, and lng/water cut/gas will all have to be separated and dealt with..

other consideration is just how long they would run the well test for.. could be a 24hr to start to get some numbers..



so back to the original point... another (US?) website

"A gasoline tanker truck holds 9,000 gallons of gasoline. Since a barrel of oil is 44 gallons, one can assume that an oil tanker truck can haul about 200 barrels of crude"


so we would need 7 tankers (I guess not all at the same time) as an option to fixed storage

[maxwell] 23/7/2019 12:53

Depends on volume of course??