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#AST: Board changes and new strategy for Ascent as Hutchinson looks at new projects Watch Here

#AST: Board changes and new strategy for Ascent as Hutchinson looks at new projects
EXCLUSIVE: Petro Matad announce fully funded 4 well Mongolia campaign




Share Price Information for Uk Oil & Gas (UKOG)


Share Price: 1.175Bid: 1.15Ask: 1.20Change: 0.00 (0.00%)No Movement on Uk Oil & Gas
Spread: 0.05Spread as %: 4.35%Open: 1.325High: 1.18Low: 1.125Yesterday’s Close: 1.175

Uk Oil & Gas Plc Ord 0.01P

Uk Oil & Gas is part of the IT Hardware sector






Share Price SpacerPrice
1.175
Share Price SpacerBid
1.15
Share Price SpacerAsk
1.20
Share Price SpacerChange
0%0.00
Share Price SpacerVolume
143,494,846
Share Price SpacerOpen
1.325
Share Price SpacerHigh
1.18
Share Price SpacerLow
1.125
Share Price SpacerClose
1.175
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 5,566.52m £65.41m 200,000

52 Week High 3.63 52 Week High Date 8-FEB-2018
52 Week Low 0.95 52 Week Low Date 8-JUN-2018

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
528 69,563,413 70,463,084 -14.688 -0.08 0.00 0.00


London South East Users info for Uk Oil & Gas




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

16-Jan-19
16:29:30
1.16
85,259
Sell* 
1.15
1.20
989.00
Trade Type:
Ordinary

16-Jan-19
16:27:16
1.163
51,074
Sell* 
1.15
1.20
593.99
Trade Type:
Ordinary

16-Jan-19
16:27:12
1.152
370,209
Sell* 
1.15
1.20
4,265
Trade Type:
Ordinary




View more Uk Oil & Gas trades >>

Directors Deals for Uk Oil & Gas (UKOG)
Trade DateActionNotifierPriceCurrencyAmountHolding
23-Oct-15Notification of Holding
Trade Notifier Information for UK Oil & Gas Investments
Kiran Morzaria held the position of Finance Director at UK Oil & Gas Investments at the time of this trade.
 Kiran Morzaria
004508178
View more Uk Oil & Gas directors dealings >>


Pboo
Posts: 2,445
Opinion:No Opinion
Price:1.175
RE: For god's sake!.....
Today 05:52
For those that missed this post yesterday

Wed 16:05

Everything is going to plan.

From UKOG document.

"Test Programme Objectives"

The primary objective of each of three tests to establish that minimum commercial volume of oil in place (OIP) is connected to each of three previously tested oil pools. To estimate connected OIP volumes a messurable pressure drop under steady state flow conditions must be achieved. Currently the plan aims to achieve a pressure drop of around 10 - 15 psi, ie large enough to be unambiguous but small enough to avoid dropping below the bubble point pressure to avoid free gas within the reservoir that may complicate any estimate of total system compressibility steady state pressure drop therefore requires a minimum volume of oil to be produced.
It should be noted that in order to obtain steady state flow conditions the well will be SIGNIFICANTLY CHOKED BACK TO BELOW THE FLOW RATE THAT COULD BE ACHIEVED DURING FUTURE SUSTAINABLE PRODUCTION.
The tests and outline flow rates are designed to minimise the amount of gas in the system of each oil pool. I.e. keep the area surrounding the well bore above bubble point pressure
Rodders74
Posts: 1,243
Opinion:No Opinion
Price:1.175
RE: For god's sake!.....
Today 02:23
Final post then sleep time.

This EWT is on HH1, a vertical well, that's supposedly not optimal for Kim production. Severely choked back.

HH1z and HH2 will be horizontal wells. The EWT of those will also be choked back, but I would hope that they find some time/opportunity to showcase the free flow rates of the Kim producer once they have the necessary CPR data and are confident that they won't damage the formation. Personally I'd expect 750 bopd for the restricted setup depending on the pump and 1500+ free flowing rate...

Night all.
Jeremiah99
Posts: 5,307
Opinion:No Opinion
Price:1.175
RE: 4-5p by April
Today 02:00
dahmed, please show us how you arrived at the figure of £40k a day income net to Ukog from the EWT and I will refrain from suggesting you are Dianne Abbot's and Donald Trump's love child.
Rodders74
Posts: 1,243
Opinion:No Opinion
Price:1.175
RE: For god's sake!.....
Today 01:37
Agreed JayKay1, no registeted shorts. Naybe naked shorting, but that would be the limit unless someone is breaking clear rules.
Rodders74
Posts: 1,243
Opinion:No Opinion
Price:1.175
RE: For god's sake!.....
Today 01:34
Furthermore and to explain a basic concept. It is pressure that keeps the gas soluble in the oil. If you release that pressure then the gas separates from the oil (Same as when you unscrew a bottle of Coca Cola, it fizzes due to no longer being pressurised)..

The last thing you want when running an EWT to ascertain OIP is to have your instrumentation thrown off by large volumes of gas in the formation. And as we are talking about measuring oil in place in a fractured formation and not a giant pool, then we have to avoid gas. The instrumentation and data is pretty much useless should there be large volumes of gas...

So to keep it as uniform as possible and to mitigate gas they keep the formation pressurised. Hence the reason why they are not free flowing. A pump is an excellent means of maintaining controlled pressure (Analogy with Coca Cola bottle, you could pop a syringe into the coke bottle and extract fluid without releasing gas from the cola into the bottle)..

Got it? Good!

If not, then try it at home, and also do some research on best practice EWT, bubble point pressure, etc.. but don't go believing rubbish from Penguins who says it's not choked back... that's clearly a lie.
View more share chat for Uk Oil & Gas (UKOG) >>







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