Member Info for mannnan

Magnificent.
MMS can’t hold the price here for long

I can see all the way blue

Heid
Come back to ukog

UKOG estimates its two exploration licences are host to a ‘mean’ 10bn barrels of crude – though this is over a number of oil horizons.

mega rise coming

Shares in UK Oil & Gas PLC (AIM:UKOG) were ‘off to the races’ after the Environmental Agency granted the company a full production permit for its Horse Hill asset.

The shares galloped 23% higher in early deals after the contentious project, which is in the heart of Surrey’s stockbroker belt, finally received the green light ending a saga that spanned two-and-a-half years.

The permission allows UKOG to use one of its wells to re-inject wastewater from production into the oil-bearing rocks.

The net effect will be to lower operating costs per barrel and remove the need for tankers, which would clog up the roads around Horse Hill.

“The ability to reinject makes both environmental and economic good sense,” said Stephen Sanderson, chief executive of UKOG, which owns almost 86% of the field.

Horse Hill, when discovered, effectively opened up a new oil frontier in the south of England.

UKOG estimates its two exploration licences are host to a ‘mean’ 10bn barrels of crude – though this is over a number of oil horizons.

Horse Hill will only initially produce from Portland rock, and at a modest initial production rate belying its potential.

blue

Empyrean Energy PLC - Western Australia-based oil & gas explorer and producer with assets in China, Indonesia and US - Set to proceed with the second phase of exploration at the Block 29/11, offshore China, and to participate in the drilling of the Topaz prospect. Empyrean is the operator of Block 29/11 and holds a 100% working interest during the exploration phase, though, in the event of a commercial discovery, its partner China National Offshore Oil Company may assume a 51% interest in the development and production phase. The proposed drilling of the Topaz prospect follows results from the Jade well. Chief Executive Tom Kelly says: "Whilst we are extremely disappointed with the results of the Jade well, we have made significant investment of resources and time in systematically maturing the prospectivity of this large block. Empyrean's early assessment is that the much larger Topaz prospect remains a world class conventional light oil target that, based on existing understanding of available data, will be drilled."

Yes Kenny

You done the right thing

Falling badly

Way overvalued

Phoebus
It’s not what it’s worth in. Aim shares. It’s the people where they want the price to be. Bor is rising. From 0.60p. Because people are buying that’s all

Vast
All the big rampers. In there

Fantastic news. Only way is up from here strong

Can anyone remember. R. K. H. Down from its peak from £5.00. To as low as 3p. Now 7/8p

What people expect from the exploration company?

https://www.marketwatch.com/story/empyrean-energy-shares-rise-after-progress-on-topaz-prospect-in-china-271651649964?mod=investing

top of the riser board

this is how the market is......