Member Info for Insidious

I do hope so I have a lot ridding on this....

20,000k buy @ 16:35.....

Seathestars - Not back in........

bernieinspain - I have but still have it in my radar...

Would be better if we had DL and leave SS to find the oil....

Seathestars - not even the Joker would be laughing here...

I'm not Arnold Schwarzenegger!!!

Sold the lot i'm out!!!

cquisition of Further 30% Interest in Arreton Oil Discovery and Licence

PEDL331 Licence, Isle of Wight, Onshore, UK



UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that it has entered into a binding heads of terms with Solo Oil Plc ("Solo") to acquire their 30% shareholding in the PEDL331 onshore Isle of Wight licence ("the Licence"). Upon completion the Company will hold an operated 95% direct interest in the Licence.



As reported in the Company's July 2018 AIM admission document, the Arreton conventional oil discovery, a geological analogue of the Company's Horse Hill Portland oil field (UKOG net 46.735%), contains three stacked Jurassic oil pools with an aggregate gross P50 oil in place ("OIP") of 127 million barrels ("mmbbl"), over four times larger than Horse Hill's 30 mmbbl P50 OIP Portland oil pool.



The acquisition will also correspondingly increase UKOG's share of the Arreton discovery's recoverable Contingent Resource volumes by 46%, from 10.2 mmbbl to a material 14.9 mmbbl UKOG net. As detailed in Xodus's June 2018 Competent Person's Report, a further significant increase in oil recovery factor above the current estimated 12% is likely via adoption of an early stage reservoir pressure support scheme (i.e. water reinjection).



Transaction Summary



The total consideration of £350,000, with an effective date of 11 December 2018, will be satisfied through the payment of £90,450 in cash and the issue of 17,989,326 new ordinary shares in UKOG ("Consideration Shares"). The Consideration Shares are calculated based upon the 5-day volume weighted average price to market close on 10 December 2018 of 1.4428 pence.



Completion of this acquisition, which will be announced in due course, is conditional upon the usual Oil and Gas Authority consent.



Stephen Sanderson, UKOG's Chief Executive, commented:



"We are delighted to acquire this further substantial share of the Arreton oil discovery, giving the Company a material 14.9 million barrels of net attributable discovered PEDL331 recoverable resources. The first Arreton appraisal well, Arreton-3, is now scheduled to be drilled, cored and tested in the first quarter of 2020, with the drilling of the larger look-alike Arreton South exploration prospect planned to follow after completion of Arreton-3 flow testing. We look forward to starting the journey towards realising the Isle of Wight Licence's considerable conventional oil resource potential."

Buy Volume 27,187,245
Sell Volume 6,774,399

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, is pleased to announce that the spudding of the Stanley-2 well is due later this month. This well is located adjacent to Stanley-1 onshore Texas USA. In addition, Mosman is pleased to advise that it has slightly increased its participation in Stanley-2 to a total of 18.5%.



Stanley-2 is the next well to be drilled as part of the Strategic Alliance with the privately owned Baja Oil & Gas, LLC ("Baja"). It is the second recent well to be drilled at the Livingston Oilfield Polk County, Texas. The well is supported by information from Stanley-1 and Baja's interpretation of 3D seismic data, which is now integrated with subsurface well control and legacy production information.



Stanley-2 is set to penetrate its primary target being the Yegua Sands at c.3,800 feet. Additionally, several secondary targets will be tested similar to those that were tested in the Stanley-1 well.



Mosman currently has a 16.5% working interest on the lease which remains in place. It has increased its working interest in the Stanley-2 well to a total of 18.5% by funding an extra 2%.



The total cost (for all participants) of drilling Stanley-2 is estimated to be c.USD400,000 and if commercially successful, an additional amount of approximately USD150,000 will be required for completion. Mosman's commitments to fund the well will be funded from existing cash resources.

How is this share any different to the ones you have mentioned in terms of success..
Looking at a 5 year chart this has fallen from 10p to the current price with the last RNS update on the 7/8/18...

We had the poster tell us to go and surf the 88e wave - how’s that working out? What about those who went to UKOG? I mean no dilution there? What about Prem, URU, AEG, AST, MYSQ.... to name just a few that people have tried to suggest are better homes for your money

https://www.tradingview.com/x/RpsxLJiL/

no worries....my poor attempt of website designing...

is it spam?

Up 16% :-)

panamabob - Not a bad day...

14:32:10 0.2690 515,241 Buy
14:31:59 0.2650 1,000,000 Buy
14:30:24 0.2650 2,000,000 Buy
14:29:59 0.2650 1,144,905 Buy
14:26:00 0.2650 512,829 Buy
14:25:13 0.2600 250,000 Buy
14:24:02 0.2600 1,886,346 Buy
14:05:59 0.2587 499,999 Buy
14:05:45 0.2587 1,152,000 Buy
13:54:18 0.2587 190,384 Buy
13:48:35 0.2600 670,000 Buy
13:12:42 0.2545 2,000,000 Buy
12:55:27 0.2515 150,000 Sell
12:22:44 0.2545 196,463 Buy
11:38:26 0.2545 100,000 Buy
09:54:47 0.2530 500,000 Buy
09:49:03 0.2500 1,000,000 Buy
09:48:54 0.2500 300,000 Buy
09:48:39 0.2500 300,000 Buy
09:43:01 0.2490 500,000 Buy
09:41:17 0.2450 1,551,020 Buy
08:09:34 0.2430 755,918 Buy

27 on the Ask

It would be rated a 12A so not sure if some of you would be able to watch it...

Are they all sells I can see...