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" Our system’s recommendation today is to BUY. The BULLISH HARAMI pattern finally received a confirmation because the prices crossed above the confirmation level which was at 2.4000, and our valid average buying price stands now at 2.4040. The previous SHORT signal was issued on 17/07/2018, 7 days ago, when the stock price was 2.3400. Since then SOLO.L has risen by +2.74%."
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=SOLO.L
"As operator, Equinor has advised JOG that the Verbier appraisal well and possible side-track will now be the third in the sequence of drilling rather than the first. Practically it makes little difference, the well will now be drilled in late Q4 2018 rather than late Q3/early Q4, the change in process will not effect the costs of the well. Unsurprisingly,the shares have been marked down slightly this morning as investors calculate the time value (of course!) but now offer even more value for those with longer term aspirations."
https://www.malcysblog.com/
UK Oil & Gas – Revisited
BY DANIEL FLYNN ON 06/07/2018
Is the notorious ‘Gatwick Gusher’ worth re-visiting now flow testing has begun?
“The company’s shares have continued to soar in subsequent weeks and currently sit at 2.05p. To the business’s credit, it has been boosted by positive sentiment from brokers, with analysts at WH Ireland sharing their belief that flow testing at Horse Hill could add value: ‘Success would be transformative, particularly if a commercial production rate can be achieved from either the KL4 or KL3 horizons, given the massive lateral scale of this potential resource,’ they said.”
https://total-market-solutions.com/2018/07/06/uk-oil-gas-revisited/
UK Oil & Gas – Revisited
BY DANIEL FLYNN ON 06/07/2018
Is the notorious ‘Gatwick Gusher’ worth re-visiting now flow testing has begun?
“The company’s shares have continued to soar in subsequent weeks and currently sit at 2.05p. To the business’s credit, it has been boosted by positive sentiment from brokers, with analysts at WH Ireland sharing their belief that flow testing at Horse Hill could add value: ‘Success would be transformative, particularly if a commercial production rate can be achieved from either the KL4 or KL3 horizons, given the massive lateral scale of this potential resource,’ they said.”
https://total-market-solutions.com/2018/07/06/uk-oil-gas-revisited/
"Evening Standard – small-cap spotlight
Small-cap spotlight: Testing
for oil at Horse Hill in Gatwick begins
Many brokers and analysts excited about Horse Hill. Here's Brendan Long at WHIreland:
We believe this is a very exciting step for UKOG. Success would be transformative particularly if a commercial production rate can be achieved from either the KL4 or KL3 horizons, given the massive lateral scale of this potential resource."
https://www.standard.co.uk/business/smallcap-spotlight-testing-for-oil-at-horse-hill-in-gatwick-begins-a3873211.html?amp&__twitter_impression=true
"Evening Standard – small-cap spotlight
Small-cap spotlight: Testing for oil at Horse Hill in Gatwick begins
Many brokers and analysts excited about Horse Hill. Here's Brendan Long at WHIreland:
We believe this is a very exciting step for UKOG. Success would be transformative particularly if a commercial production rate can be achieved from either the KL4 or KL3 horizons, given the massive lateral scale of this potential resource."
https://www.standard.co.uk/business/smallcap-spotlight-testing-for-oil-at-horse-hill-in-gatwick-begins-a3873211.html?amp&__twitter_impression=true
Solo Oil at a glance & main assets
http://www.solooil.co.uk/who-are-we/solo-oil-at-a-glance.aspx
http://www.solooil.co.uk/who-are-we/our-history.aspx
http://www.solooil.co.uk/our-portfolio/europe/uk/horse-hill.aspx
http://www.solooil.co.uk/our-portfolio/europe/uk/isle-of-wight.aspx
http://www.solooil.co.uk/our-portfolio/africa/tanzania/ruvuma-psa.aspx
http://www.solooil.co.uk/our-portfolio/africa/tanzania/helium-one.aspx
Columbus Energy builds on presence in Trinidad with Steeldrum deal
“Columbus’s own production averaged 553 barrels per day over the quarter to June
Columbus Energy Resources PLC (LON:CERP) is steadily building a significant portfolio in the south/south-west of Trinidad.
The group has just agreed on another substantial expansion through the acquisition of local producer Steeldrum for £4.4mln in shares.
Leo Koot, Columbus’s executive chairman, said Steeldrum’s addition gives it a large well-balanced portfolio of assets strung across the south and south-west of Trinidad.
"Until now we've been focused on production from the onshore field at Goudron in Trinidad, but now we can use its cash to focus on the SW Peninsula."”
http://www.proactiveinvestors.co.uk/companies/news/200760/columbus-energy-builds-on-presence-in-trinidad-with-steeldrum-deal-200760.html
Horse Hill-1 is one of the most talked about oil discoveries in the UK
https://www.share-talk.com/share-news/we-take-a-look-at-the-weald-basin-in-southeast-england-3/
Horse Hill-1 is one of the most talked about oil discoveries in the UK
https://www.share-talk.com/share-news/we-take-a-look-at-the-weald-basin-in-southeast-england-3/
Share Talk Interview
Stephen Sanderson, UKOG's Executive Chairman and Chief Executive Interview
https://www.youtube.com/watch?v=KD7FmWA9vvU
Share Talk Interview
Stephen Sanderson, UKOG's Executive Chairman and Chief Executive Interview
https://www.youtube.com/watch?v=KD7FmWA9vvU
Initial indications are better than expected ahead of the formal sequence of testing in the Horse Hill well.
http://www.proactiveinvestors.co.uk/companies/news/201069/horse-hill-oil-stocks-advance-on-initial-production-test-results-201069.html
UK Oil & Gas Investments PLC (LON:UKOG), the largest London listed stakeholder with 32.43%, saw its shares advance around 6% immediately after the statement. Elsewhere, fellow stakeholders Solo Oil PLC (LON:SOLO) and Alba Minerals Resources Plc (LON:LON:ALBA) also moved on the front foot, rising around 8% and 6% respectively.
"Test results to date have exceeded our initial expectations given the length of time the well was shut-in since 2016,” said Stephen Sanderson, UK Oil & Gas Investments Plc (LON:UKOG), which is the
"Extremely positive" indications
“Although we are in the very early stages of our 150-day test campaign at Horse Hill, the signs to date are extremely positive for the Portland oil pool.”
Sanderson added: “The unexpected bonus of natural oil flow to the surface, without the use of a pump, gives us cause for further optimism regarding the Portland's overall commercial potential. It is important at this stage, however, to keep our expectations at a realistic level.
“The company looks forward to further positive results from the remaining Portland test sequences and then the testing of the two deeper and higher productivity Kimmeridge Limestone oil pools.”
Solo Oil chairman Neil Ritson, meanwhile, added: "This is an excellent start to the extended well tests at Horse Hill and fully confirms our expectations for the productivity of the Portland reservoir.
“A lot more testing is planned over the coming months and we look forward to further positive updates from the operator as the test sequence progresses."
Initial indications are better than expected ahead of the formal sequence of testing in the Horse Hill well.
http://www.proactiveinvestors.co.uk/companies/news/201069/horse-hill-oil-stocks-advance-on-initial-production-test-results-201069.html
UK Oil & Gas Investments PLC (LON:UKOG), the largest London listed stakeholder with 32.43%, saw its shares advance around 6% immediately after the statement. Elsewhere, fellow stakeholders Solo Oil PLC (LON:SOLO) and Alba Minerals Resources Plc (LON:LON:ALBA) also moved on the front foot, rising around 8% and 6% respectively.
"Test results to date have exceeded our initial expectations given the length of time the well was shut-in since 2016,” said Stephen Sanderson, UK Oil & Gas Investments Plc (LON:UKOG), which is the
"Extremely positive" indications
“Although we are in the very early stages of our 150-day test campaign at Horse Hill, the signs to date are extremely positive for the Portland oil pool.”
Sanderson added: “The unexpected bonus of natural oil flow to the surface, without the use of a pump, gives us cause for further optimism regarding the Portland's overall commercial potential. It is important at this stage, however, to keep our expectations at a realistic level.
“The company looks forward to further positive results from the remaining Portland test sequences and then the testing of the two deeper and higher productivity Kimmeridge Limestone oil pools.”
Solo Oil chairman Neil Ritson, meanwhile, added: "This is an excellent start to the extended well tests at Horse Hill and fully confirms our expectations for the productivity of the Portland reservoir.
“A lot more testing is planned over the coming months and we look forward to further positive updates from the operator as the test sequence progresses."
Shares in Horse Hill partners, including Alba Minerals, Solo Oil, rise as latest flow test programme kicks off
“Investors have been waiting for this longer-term programme to get underway and they will be hoping the results back up the 2016 flow rates when the HH-1 well flowed at 1,688 bopd albeit over a short period.”
http://www.proactiveinvestors.co.uk/companies/news/199643/shares-in-horse-hill-partners-including-alba-minerals-solo-oil-rise-as-latest-flow-test-programme-kicks-off-199643.html
Shares in Horse Hill partners, including Alba Minerals, Solo Oil, rise as latest flow test programme kicks off
“Investors have been waiting for this longer-term programme to get underway and they will be hoping the results back up the 2016 flow rates when the HH-1 well flowed at 1,688 bopd albeit over a short period.”
http://www.proactiveinvestors.co.uk/companies/news/199643/shares-in-horse-hill-partners-including-alba-minerals-solo-oil-rise-as-latest-flow-test-programme-kicks-off-199643.html
"Horse Hill OIP Overview
Horse Hill OIP results
The diagram below illustrates the overall geological and OIP findings of the Horse Hill-1 well. The Horse Hill-1 published executive reports can be found on the reports section of this website (click here, two links to Nutech April 2015 report and Schlumberger June 2015 report)."
http://www.ukogplc.com/page.php?pID=104
"Horse Hill OIP Overview
Horse Hill OIP results
The diagram below illustrates the overall geological and OIP findings of the Horse Hill-1 well. The Horse Hill-1 published executive reports can be found on the reports section of this website (click here, two links to Nutech April 2015 report and Schlumberger June 2015 report)."
http://www.ukogplc.com/page.php?pID=104
"Columbus has announced the acquisition of Steeldrum Oil Company for £4.4m to be paid in 92.7m in shares plus add-ons. The acquisition, which seems to be a pretty good fit, bring with it 200-250 b/d (5.6m bbls) from the Innis-Trinity and South Erin fields plus a 83% WI in the Cory Moruga development (1.1m bbls). The sellers will hold around 18% of CERP shares in the enlarged company and have a lock-in period of only six months which should be noted.
Columbus are also raising £3.25m via a convertible with Lind AM excersisable at 8.1p as ‘the establishment of such a facility would, in effect, provide an appropriate “financial insurance policy” for the Company for the next six months whilst the new integrated organisation beds-in’.
All in all this is another sensible deal by Columbus which is synergistic and paid for with shares as per their ‘financial discipline’ regime. I think that Leo Koot wants to build the company and has very high ambitions and whilst this is relatively small, it is part of the grand scheme to expand. Keeping his new shareholders on board will be important as I’m sure there are plenty more deals down the road."
https://www.malcysblog.com/
"Following the Aminex announcement earlier this week Solo has said that it is ‘reviewing’ its own position in the project although believes that the AEX move is a positive development. It also says that it is in discussions with potential financing partners and more interestingly ‘in parallel with the ongoing marketing process for Solo’s interest in the project’. This confirms, if confirmation was needed, that Solo cannot afford to finance the project and the current shake-up at the company is at last bringing with it a large dose of realism.
Also in the announcement the company say they are waiting for testing at Horse Hill and that there is a shake-up of the board which sees the departure of current Executive Chairman Neil Ritson. Recent moves at Solo indicate that at long last the company is being shaken up and given this morning’s share price move, much appreciated by its shareholders."
https://www.malcysblog.com/