required field
- 09 Apr 2015 09:25
Rocketing this morning on a superb upgrade !...
Claret Dragon
- 13 Apr 2015 16:56
- 90 of 541
Pump and Dump is written all over this one.
required field
- 13 Apr 2015 19:51
- 91 of 541
We've only had 2 days of pump and dump....early days yet : the market cap is £38 million (on moneyam).....that is minimal by todays standards .....there is plenty of room for improvement.....I still think that 5-6p is possible by the summers end.....and if an appraisal well gets the go-ahead : that will help the sp....
aldwickk
- 13 Apr 2015 20:20
- 92 of 541
delete
required field
- 14 Apr 2015 09:40
- 93 of 541
Up a touch this morning....
HARRYCAT
- 15 Apr 2015 07:46
- 94 of 541
Clarification of Press Comment in relation to 9 April Announcement
Further to its announcement of 9 April 2015 in relation to the upgrade of its Horse Hill discovery, London quoted UK Oil & Gas Investments PLC (LSE AIM: UKOG) wishes to repeat and clarify a number of points as a result of recent reports in the media.
US-based Nutech Ltd ("Nutech") estimates that the Horse Hill-1 ("HH-1") well in the Weald Basin has a total oil in place ("OIP") of 158 million barrels ("MMBO") per square mile. The upgrade is in relation to the Kimmeridge, Oxford and Lias sections of Horse Hill and does not relate to the previously reported Upper Portland Sandstone oil discovery.
The OIP hydrocarbon volumes estimated should not be considered as either contingent or prospective resources or reserves.
The Horse Hill licences cover 55 square miles of the Weald Basin in southern England in which the Company has a 20.358% interest. It is estimated that the relevant Jurassic section of the Weald Basin is approximately 1,100 square miles. The Company has not undertaken work outside of its licence areas sufficient to comment on the possible OIP in either the approximate 1,100 square miles or the whole of the Weald Basin.
Further development work in the form of appraisal drilling, well testing and assessment of recovery factors will be required to seek to quantify net resources in relation to the Company's licence areas and to prove its commerciality.
Nutech's report to the Company states this OIP of HH-1 lies within a 653 feet aggregate net pay section, primarily within three argillaceous limestones and interbedded mudstones of the Kimmeridge, and the mudstones of the Oxford and Lias sections. Approximately 72% of OIP, or 114 MMBO, lies within the Upper Jurassic Kimmeridge interbedded limestone and mudstone sequence.
In order to establish estimates of total OIP within the licence areas, the semi-regional resource potential of the Weald Basin's eastern footprint is the subject of ongoing analysis under the contracted alliance between Nutech, UKOG and Solo Oil Plc. The results of the estimated OIP within the licence will be reported when completed.
Final assessments of the Upper Portland Sandstone and the Oxford and Lias sections are in progress, with further results expected shortly.
required field
- 16 Apr 2015 09:45
- 95 of 541
Thanks for the graph.... there will be a resource update soon which will be interesting....
mentor
- 21 Apr 2015 15:38
- 96 of 541
required field
- 23 Apr 2015 09:52
- 97 of 541
Picking up pace again.....
robstuff
- 23 Apr 2015 17:26
- 98 of 541
If the further analysis due any day confirms oil in place, this will rocket. The others look cheap in comparison, Alba and especially Stellar with 10% at just 3.5m!
required field
- 23 Apr 2015 18:08
- 99 of 541
Yes....and news of an appraisal well would help...but that might take time....not easy to get oil of the ground when you think of all the environmental concerns.....(who the hell is Stella ?....can't remember....must have been one of those nights....)....
mentor
- 24 Apr 2015 11:33
- 100 of 541
Reaching 3p not long ago, plenty of demand once again, naturally with volume
others on the HH find with 10% each
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Adacol
- 24 Apr 2015 12:34
- 101 of 541
What about DOR?...... they have 10% as well
The most under valued HH developer of the lot!!!
Bullshare
- 26 Apr 2015 18:14
- 102 of 541
A lot of chatter on the web about an impending RNS, don't think Mr Lenigas is a happy man this weekend!
cynic
- 26 Apr 2015 18:44
- 103 of 541
why mike, apart from the fact that lenigas would seem to be a flake of the first order?
is he being outed for yet another scam or shady deal or whatever?
aldwickk
- 26 Apr 2015 21:18
- 104 of 541
Never mind Mr Lenigas being unhappy , will the shareholders be unhappy ?
mentor
- 27 Apr 2015 09:39
- 105 of 541
re - share holders unhappy
not today tough no news yet, share price does the taking ..............
3.275p +0.325p
on the way up again and on large volume 82M shares traded on 1.30 hours since opening
required field
- 27 Apr 2015 11:13
- 106 of 541
Rising nicely...with an oil resource update : might go to 4p or a little more.....(just a guess)...
Bullshare
- 27 Apr 2015 15:16
- 107 of 541
Cynic; You are right, not top of the popularity list but does have a lot of speculators following his many companies!
cynic
- 27 Apr 2015 16:28
- 108 of 541
but why should he be unhappy - unless he has been struck off from holding directorships or similar?
Bullshare
- 27 Apr 2015 16:30
- 109 of 541
Think its because some are questioning his integrity, allegedly.