We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Ninetails
Production since last work over in bopd. Ignore September as well was being worked on for about 2 weeks otherwise you can probably work it out for yourself. The OGA figures don't lie.
Mar 21 105
Apr 21 101
May 21 100
Jun 21 95
Jul 21 92
Aug 21 82
Sep 21 45
Pboo
Why post this when you are not invested here? Are we supposed to believe you? No way jose.
https://twitter.com/WealdOilers/status/1479717728780967937
?WealdOilers
@WealdOilers
#ukog
@UKOGlistedonAIM
19 months Production figures
7:32 AM · Jan 8, 2022·Twitter for Android
I see Ninetails is as per usual filling up the forum with his Adrian hatred posts.
Boring.
I think your right Skwizz, especially as they need fossil fuel to build renewables, at least until the balance has gone green. I think fossil fuel will have had its day in about 3-5yrs, but as I mentioned a while ago, not before there has been one almight spike in fossil fuel prices.
GL SR
I agree and think that is more likely than $200, Christoddmcd.
I'm holding fossils and renewables in my portfolio but I see fossils being the more profitable over the next two to three years at least.
;)
I would think as the world commodity market realises we are heading for a fossil fuel shortfall in the oil and gas dept. Then something in the region of $110\120 by next December may well be realistic especially add in a% of inflation
He's either on vacation or LSE's found a way to deal with it.
The board is a bit quiet, but I suppose there’s not much genuine news to chat about, but that’s better than FOTH making stuff up and chatting to himself, flooding the board with hundreds of posts himself, then claiming he has got the numbers up…LoL
Ocelot, or anyone for that matter, can you put a rough estimate on November? December? bopd ? genuine question, no bull shirt answers either way, Thanks
The world’s biggest independent oil trader said crude prices, already up more than 10% this year, could rise even more because of tight supplies.
“These prices are justified,” Mike Muller, head of Asia for Vitol Group, said Sunday. “Strong backwardation is very much justified,” he said, referring to a bullish pattern whereby near-term futures are more expensive than later ones.
Oil posted a fourth-straight gain last week, its longest rising streak since October, amid signs consumption will hold up despite the spread of the omicron variant of the coronavirus. At the same time, spare capacity is dwindling as some of the world’s biggest producers struggle to boost output ...
https://www.bloomberg.com/news/articles/2022-01-16/trader-vitol-says-oil-prices-may-rise-even-more-on-tight-supply?sref=Em01M8Hr
Also aliens have landed on earth... reporters will say anything as long as they're paid...
CITY AM yesterday said the US EIA are forecasting Brent at $75 bbl in 2023 and $ 68 in 2024
Annnd now they are back???
Hmmmm, somebody had my posts deleted - reality must hurt.
If Th2 has taken his own ramping advice, he must be so far underwater…
$86.14
+1 to ZYX098
I say again, our primary problem is our population and its' growth rate.
All the rest is fluff from the 'powers-that-be' to confuse the fact that we don't have a future.
Our legacy is a large husk of rock and nowhere else to go.
And I'd like to see wind power taking us into space...!
Was it Norway or Sweden which recently remarked that 60% of all new car sales were electric and rising . And yes you can included any country that uses motor cars, but don't forget it is the developed world that uses motor cars the most . Used cars, of course, become second hand cars in time and their previous owners buy another one.I wouldn't put too much value on experts, just over a year ago there were a flock of them telling us that the risk to the UK of Covid was very small. Experts tend to like their name in print and controversial views sell the most . In the case of electric cars you have only got to use your common sense. Moreover, an electric car is less complicated mechanically than a petrol engined car , so less to go wrong, and you can charge it at home. If they can solve the expensive battery problem then , the price will tumble too !
Ruined the view from the beach, about a 100 of them eyesores to look at
Heaven knows why they went for wind, when you have tidal power which is consistent . There are two tides per day every day, iThere is a small slack period where it changes direction, but since the tides occur at slightly different times along our coasts
then it is a no break energy source . So they piled the money into wind which can sometimes not be there at all and on others too powerful to use . Perhaps the intention was to introduce excitement into our energy supplies ?
https://gridwatch.co.uk/
Wind currently supplying just 2.6% of UK demand. UK Coal is supplying 3.8%. Solar is zero.
Earlier today, UK Coal was providing 3x what wind was.
Can't rely on wind...I was in Brighton today and didn't see any of the windfarm sails move...
"In the UK the sale of electric vehicles increased by 74%, And that will be roughly the same in every country win the world ."
Nonsense. That's a very "Urban, Developed World" and therefore narrow viewpoint. You cannot project the EV sales in a small, well developed Country to the rest of the World - world wide, EV car sales are still vanishingly small.
There is a huge brake on further increasing EV sales in the looming lack of Nickel, Cobalt, Lithium, Copper and the Rare Earth Elements that are used extensively in EV's (and renewables such as wind & solar).
There is an eye-opening article in the 13th November issue of New Scientist magazine called "Net zero's dirty secret" which brings out into the open something that many have known for a long time - that the supply of the elements I mentioned is constrained and cannot possibly expand enough to meet forecast demand.
By how much would production have to expand to meet demand? By a factor of 6. Not gling to happen.
Quoting very large % gains is also misleading - the numbers are so small to start with, any increase in the numbers produces a large % gain.
It's like touting that UKOG has had a 50% rise when the share price goes from £0.001 to £0.0015
Also claiming that oil producers will be fighting for a share of a smaller market by the end of 2022 is ignoring reality.
There is no credible consumption forecast that shows anything other than oil consumption increasing with peak oil somewhere in the 2030's. Thereafter demand will not fall off a cliff as many environmentalists claim - it will slowly tail off over a period of decades.
The oil supply chain is struggling against years of under-investment after the price crash in the 2015/16 period and had only just begun to recover when Covid hit.
Those supply chain limitations are systematic and will support a raised oil price for several years to come.
It could certainly go above $100/bbl for several months, but anything much over that for an extended period of time will trigger another recession, temporarily supressing demand and therefore bringing the oil price back down.
Yep.
I don't know what's going to happen any more than anyone else.
But resources to build 'sustainable' replacements, aren't sustainable.
Apple (for example) went out and bought their own Lithium mine, to ensure supply for their batteries.
I completely agree that we have to go 'green', just don't see the feasibility.
That's not even mentioning that the population is still increasing faster than our ability to satisfy its' needs.
Fossil fuels are a ticking time-bomb which nobody wants to be left holding it when it goes off.
But I think the life on that thing will be dictated by the supply left in the ground, rather than their replacement.
As I mentioned I am certainly sceptical of the price of oil reaching $200 in the next five years, but it's still a possibility (however small).
Can't agree with you on the Skwizz. You do know that in it was Norway, or Sweden 60 % of all new cars are electric . In the UK the sale of electric vehicles increased by 74%, And that will be roughly the same in every country win the world . Would suggest that there may be a small blip after covid but by and large the oil producers will on a sticky wicket by the end of 2022 and fighting for market share of a dwindling market . UKOG should be ok because they do not have to transport oil very far but the price of barrels of oil on the world market will, IMO, take a nose dive unless there is a war in the producer countries but any price rise resulting from that will be neutralised as soon as they make peace