Register
Login:
Share:
Email Facebook Twitter


EXCLUSIVE: Ascent Resources ask shareholders for ability to raise funds


Uk Oil & Gas Share Chat (UKOG)



Share Price: 1.625Bid: 1.60Ask: 1.65Change: -0.195 (-10.71%)Faller - Uk Oil & Gas
Spread: 0.05Spread as %: 3.12%Open: 1.85High: 1.725Low: 1.625Yesterday’s Close: 1.82


Share Discussion for Uk Oil & Gas


Thread View

Please login or register to post a message on Share Chat.

Posts per page:

bladehater
Posts: 1,111
Opinion:No Opinion
Price:1.625
RE: 150 day EWT ends 23/11/18
Today 16:52
Exactly it's 150 days of flowing, lot of messing about between and during tests when there is no flow (SS stated today that the KL3 tests had 9 days where it didn't flow)
 
willowpillow
Posts: 3,735
Opinion:No Opinion
Price:1.625
Basically
Today 16:51
Cracking volume today,shares traded hands and nothing has changed really,backup tomorrow
ToblerRone
Posts: 1,829
Opinion:No Opinion
Price:1.625
RE: 150 day EWT ends 23/11/18
Today 16:51
im not saying that I don't agree but what I am trying to get is hard facts of what is agreed

you read the link that you gave and it says nothing about facts but only about what is planned after phase 1 (210 days)
now those 210 days were actually accepted as 150 Days...yes

See another extract from your link the EGA did grant phase 1 but only 150 days.

1.  Planning Permission was granted by Surrey County Council (SCC) in November 2017 for:
The retention of the existing exploratory well site and vehicular access onto Horse Hill;
The appraisal and further flow testing of the existing borehole, Horse Hill-1 (HH-1) for hydrocarbons, including the drilling of a (deviated) sidetrack well and flow testing for hydrocarbons;
Installation of a second well cellar and drilling of a second (deviated) borehole, Horse Hill-2 (HH-2) and flow testing for hydrocarbons;
Site preparation including erection of security fencing on an extended site area, modifications to the internal access track, installation of plant, cabins and equipment, all on some 2.08ha, for a temporary period of three years, with subsequent restoration to agriculture and woodland.
The Environment Agency (EA) has granted the necessary permits to enable HHDL to carry out extended flow tests at HH-1, store any produced oil, drill and test both a sidetrack from the existing HH-1 well and new borehole HH-2.
Stocktaker01
Posts: 1,081
Opinion:No Opinion
Price:1.625
RE: Some of you derampers
Today 16:50
Didn’t he say we wouldn’t get a cup full of oil from HH? Pathetic man let it go.
Dropzone
Posts: 6,479
Opinion:No Opinion
Price:1.625
RE: Buys vrs sells
Today 16:50
We will see Joey. What is the bopd and do they have a Production license?
ToblerRone
Posts: 1,829
Opinion:No Opinion
Price:1.625
RE: 150 day EWT ends 23/11/18
Today 16:47
ok so I see why you are confused now as the 210 day requirement was only accepted as 150 days EWT. the other points are still to be accepted and rubber stamped by the authorities. big mine field of red tape to get through.

4. The Horse Hill appraisal programme is separated into four phases:
Phase 1 (210 days) – the carrying out of extended well tests (EWT’s) and a short-term well test of the existing HH-1 well to appraise the technical and commercial viability of the hydrocarbon accumulations discovered. Each of the well tests will involve flowing, pumping (as required) and pressure testing with the purpose of evaluating the characteristics of the oil resource that was discovered during the original exploration of HH-1;
Phase 2 (100 days) – this is dependent on the outcome of Phase 1 and may in practice follow Phase 3 below; it involves the drilling of a deviated sidetrack from the existing HH-1 borehole. This will be followed by the carrying out of an EWT;
Phase 3 (110 days) – this is also dependent on the outcome of Phase 1 and involves the drilling of a new appraisal well Horse Hill-2 (HH-2) from the existing well pad. This will again be followed by an EWT.
Phase 4 (45 days) - restoration of the well site to agriculture and woodland, unless a new planning application is submitted.
Greggie3383
Posts: 448
Opinion:No Opinion
Price:1.625
RE: SHIT
Today 16:46
I can understand your frustration Baz12345 but to be perfectly frank I think you have made a mistake if you have sold today. However, I wish you luck in the future and hope that your loss is not too great.
bladehater
Posts: 1,111
Opinion:No Opinion
Price:1.625
RE: 150 day EWT ends 23/11/18
Today 16:46
Tell you what, we don't agree so lets have a bet on it.
You say tests finish 23/11.
I'll give you an extra week, so if we are still testing in Dec give me a grand.
If they have finished tests by Dec I'll give you a grand. Fair???
Jugs0
Posts: 77
Opinion:No Opinion
Price:1.625
Done over by solo
Today 16:46
Thing that hurts the most is that even solo have done us over!! That is the worst thing!!! We were even given a heads up by solo and still didn't see this coming!!! What a joke of an aim market. From 30k up to 5k down!!! Makes the drug selling business a lot more appealing!!! You try earn it in a decent way and this is what happens. No more clean money for me, I'm going dirtier than ever
art9
Posts: 256
Opinion:Strong Buy
Price:1.625
RE: Some of you derampers
Today 16:46
Just ignore TW also known as Total WAN..KER
mrcautious
Posts: 3,107
Opinion:No Opinion
Price:1.625
RE: SHIT
Today 16:41
A personal theory of mine is that expert dealers LIKE shares with a lot of PI hype and investment and it is potentially easier to manipulate than shares with a) a large cap and b) heavily traded by other industry experts who dont fall for the usual MM tricks.
ToblerRone
Posts: 1,829
Opinion:No Opinion
Price:1.625
RE: 150 day EWT ends 23/11/18
Today 16:41
OK was that rubber stamped as I can only see the 150 EWT granted.
Newboy58
Posts: 10,378
Opinion:No Opinion
Price:1.625
RE: Some of you derampers
Today 16:41
TW hates Ukog, can’t put any relevance to his words
Neil22
Posts: 1,153
Opinion:No Opinion
Price:1.625
RE: Some of you derampers
Today 16:38
Not a flattering TW article I’ve not read it fully only the clip

I’m still here with 100000 shares don’t know either way but th market is poor today overall so,maybe better tomorrow
Investinvalue
Posts: 413
Opinion:Buy
Price:1.625
RE: 150 day EWT ends 23/11/18
Today 16:37
When will this rise? I have a big holding and keep adding on these retraces as a speculative buy but what will make this rocket?
honador
Posts: 1,335
Premium Chat Member
Opinion:No Opinion
Price:1.625
RE: Vintage Fool
Today 16:37
Spot on Rusty, the only sensible post today.

It's all very well and good saying we're flowing X bopd, but the CPR will show the specific details of recoverable reserves and expected depletion rate.

Only then can you place a true valuation on the company. Everything before then is pure guesswork.
bladehater
Posts: 1,111
Opinion:No Opinion
Price:1.625
RE: 150 day EWT ends 23/11/18
Today 16:37
Oh dear!!!
http://www.ukogplc.com/page.php?pID=126
Phase 1 (210 days) – the carrying out of extended well tests (EWT’s) and a short-term well test of the existing HH-1 well to appraise the technical and commercial viability of the hydrocarbon accumulations discovered. Each of the well tests will involve flowing, pumping (as required) and pressure testing with the purpose of evaluating the characteristics of the oil resource that was discovered during the original exploration of HH-1;
End of
Santamaria75
Posts: 144
Opinion:No Opinion
Price:1.625
RE: SHIT
Today 16:36
Baz I hope you made good decision good luck
ToblerRone
Posts: 1,829
Opinion:No Opinion
Price:1.625
RE: 150 day EWT ends 23/11/18
Today 16:35
extract from the RNS on 14/06/18

The EWT will comprise a series of three separate test sequences commencing in the Portland followed by the KL4 and finally, the deeper KL3. If time permits a test combining the KL4 and KL3 (a commingled test) may be undertaken. Each test will utilise existing perforated zones as per the 2016 test programme. The expected duration of the full flow programme is around 150 days.

so they tested KL3 before KL4 which was the deeper layer and if time permits co mingled test will occur.

tick tock time is running out mighty fast. mega cold snap next week lol
Rusty8
Posts: 458
Opinion:No Opinion
Price:1.625
RE: Vintage Fool
Today 16:35
Isn’t that what we’ll find out in the cpr. Recoverable reserves. No ones being vague, they can’t release figures u TIL the report is produced.
Santamaria75
Posts: 144
Opinion:No Opinion
Price:1.625
RE: Santa Maria
Today 16:34
Stupid.. because I answered you with honesty?
if I see sp up tomorrow and 5k profit do you think I won’t sell? My question to you now don’t answer with ignorance please
lonely_shooter
Posts: 543
Opinion:No Opinion
Price:1.625
RE: Some of you derampers
Today 16:34
Ukog will never go bust, not with the way Brexit is going...
Gopies2
Posts: 2,531
Opinion:No Opinion
Price:1.625
RE: SHIT
Today 16:33
Baz, very good decision, hope the hit was not too hard. As the RNS states, non commercial. Oh, hang on a minute !?
bladehater
Posts: 1,111
Opinion:No Opinion
Price:1.625
RE: 150 day EWT ends 23/11/18
Today 16:33
Don't forget folks that in the SCC docs, phase 1 was allowed to take up to 210 days (around 7 months). Bearing in mind the phase 1 started around mid July, this takes it to mid Feb.
mrcautious
Posts: 3,107
Opinion:No Opinion
Price:1.625
RE: SHIT
Today 16:32
I havent exited yet but understand your sentiment fully. This is being played like a puppet and looks to be not ever going anywhere. The fact that it has whipped up such a religion-like frenzy amongst PI's was the first warning IMO..




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.