info [link]
Hot tips if UK shale gas exploitation powers ahead [link]
39p tgt [link]
no trades after todays news,nothing to show?
Re: Edison Flash note - 22.10.15 I think it should have a great future. AND it has important sites very adjacent to Scunthorpe ( where I went with my Dad to play cricket in the late forties ). The Government should give it a huge boost to help all the potentially redundant TAta workers.
Re: Edison Flash note - 22.10.15 Malcy's blog also recently commented favourably on this news.EDR is off most people's radar, ad this is keeping the sp down. Publicity of this nature can only be good.Still a "BUY"TP
Edison Flash note - 22.10.15 This flash note from Edison on 22.10.15:[link]
Wressle update No need for further testing. They're banging straight on with prep for production. Good news !
Re: Alkane T/O Furthermore BB would only need to buy £2m ish more shares and they will be looking at a buyout of Egdon. If they get 30% or more , I believe they will have to make an offer. Watch out for big buys.
Farm out news Sharing costs of side track at Keddington.TP
Re: Alkane T/O I assume the deal between EDR and Alkane has long been a completed deal so no change to licence position for Egdon.We shall have to wait to see what Balfour do with their 40 million Egdon shares (about 18.1%). They may decide to place these at, say, 9p. However, the £4m investment in Egdon not material to the whole deal so Balfour may decide to hold the Egdon shares.
Alkane T/O Balfour Beatty have made a cash bid of 36p for Alkane's shares.I would assume the current agreement will be honoured whereby EDR has the righteous to deep prospects on Alk's ground.Expect a proportionate rise here today.TP
Horse Hill and Weald 26 August 2015UK Oil & Gas Investments PLC("UKOG" or the "Company"Schlumberger Independent Assessment of Horse Hill Licence AreaUK Oil & Gas Investments PLC (LSE AIM: UKOG) is pleased to announce that a mean Oil in Place ("OIP" of 10.993 billion barrels has been independently calculated by Schlumberger to lie within the 55 square miles of the PEDL137 and PEDL246 Horse Hill licences ("the Licence Area" in the Weald Basin, located in the South East of England. UKOG has a net attributable interest of 20.358% in the Licence Area.The tight Jurassic limestones and shales of the Kimmeridge Clay Formation in the Licence Area are calculated to contain a total OIP of 8.262 billion barrels, with the shales of the Oxford Clay and Lias Formations containing an aggregate OIP of 2.731 billion barrels, as shown in Table 1. Table 1: Licence Area mean OIP estimates, millions of barrels ("MMBO"Formation Mean OIP (MMBO) Kimmeridge Clay 8,262 Oxford Clay 1,017 Lias 1,714 TOTAL 10,993 Schlumberger acquired the Horse Hill-1 well ("HH-1" electric logs during the drilling of HH-1. This analysis builds on their previous petrophysical evaluation of HH-1, located in PEDL137 near to London Gatwick Airport, as announced on 5 June 2015. In that previous HH-1 analysis, a total mean OIP, excluding the Upper Portland sandstone oil discovery, of 255 million barrels of oil per square mile was calculated. The current report incorporates the analysis of a further nine wells located within and beyond the Licence Area. It should be noted, as previously reported, that the HH-1 Upper Portland sandstone oil discovery is a geologically separate oil accumulation from, and additional to, the identified underlying Jurassic tight oil plays.As previously stated by the Company, the above estimated OIP hydrocarbon volumes should not be construed as recoverable resources or reserves and also should not be construed in any way to reflect potential producibility of hydrocarbons from the formations evaluated. The Company would expect to report estimated recoverable resources following a successful well flow test, in order to comply with the standards of the Society of Petroleum Engineers' 2007 Petroleum Resources Management System. The Company will integrate the report's findings into the planned flow test of the HH-1 well expected later this year subject to approval by the Environment Agency. This is another key step in the proof of concept process for Jurassic tight oil and the Kimmeridge limestone reservoirs in particular. The Company is now well advanced with additional internal and external technical studies to fully understand the possible implications of the report's key findings upon the hydrocarbon potential of UKOG's other Weald interests.Stephen Sanderson, UKOG's Chairman, commented:"The independent analysis has further tested and given support to our geological model which predicts that the significant volumes of OIP calculated within the tight Jurassic section of HH-1 extend across the Licence Area. The report is thus a further step towards establishing proof of concept for the Jurassic tight oil play potential of Horse Hill and the Weald Basin." Future Plans:In parallel with its subsurface and HH-1 flow test studies for the Portland sandstone and underlying tight Jurassic oil zones, the Company has also commissioned related engineering and environmental studies to investigate a conceptual Weald Jurassic field development, with the prime objective that it must respect and preserve the rural beauty and way of life of the area, with minimal environmental impact, while at the same time providing a valuable contribution to the area's economy. This is fundamental to the Company's operating philosophy and policy. UKOG's interest in the Licence Area and Horse Hill:The Licence Area, comprising licences PEDL137 and PEDL246, is located on the northern
RNS. Licence awards All partial blocks but in familiar territory.News reflected in sp.TP
Re: RNS Wressle results update Positive spin by MA whilst in reality, we have a few tech probs. To be expected I suppose. Despite these problems it looks like the well will be a producer once all the testing is complete (and the permitting, of course!)Regards, TP