100 billion barrels of oil under Gatwick Airport!

quite a scary fact , I do winder what they will decide to do in the end

Bit of a result, I bought £5k worth of shares in this company in January.... I made £70k profit yesterday...

Happy days, beers on Barney? 

This is all about to go ballistic again Every company involved with the Horse Hill development has been suspended from trading on the London stock exchange today. Due to a major announcement..

It would seem that the original estimate of 158million barrels of oil per sq mile was a slight undervaluation.... Boom There was a lot of doubters in the press after the original report by Nutech Energy, who are independent from the players involved with the HHD.

So UKOG sought the opinion of another independent company (Schlumberger) to carry out another full scope technical report of the site... The latest independent report estimates of up to 271million barrels of oil per sq mile.

There is still along way to go, such as flow tests etc, fracking has been ruled out by the current CEO. But this will be far larger than North Sea Gas, we would if everything goes to plan be able to remove our ties to the middle east, clear our national debt, sort out the NHS and so on. Over the next couple of years this will turn into something ginormous.

"UKOG shares shot up by nearly 50% as the market opened"

Now that would be a nice investment

Certainly an exciting prospect, maybe we could even afford to spend a couple of quid on defence 

This will be my route to early retirement or if it goes pear shape I'll be working like the rest of us till I'm in my mid 80s...

Wonder what the latest is on this? Seems to have gone quiet.

How's those shares doing Barney?

Well the share price plummeted since the initial news broke out earlier in the year this is mainly down to the lack of the flow testing results (suppose to have been done during the summer) The CEO resigned to start a new venture out in Cuba and and the share price dwindled down. But the worst culprit in the downfall was parliament / Government for up until yesterday they were against fracking, now they have had a change of heart and voted to allow it. What many people don't realise is that the UK has been extracting oil from the ground in this country for over 50yrs, only now the technology on how to get it has changed.

No Government is going to object to another source of income especially on it's own soil. The flow rate test result is critical though. Independent tests have been carried out and both of these tests came back positive. I'm quite optimistic about the end game, now that Parliament has fully backed the idea of fracking it will be full steam ahead on extracting oil and gas from beneath our feet... My only issue with it all, is on the one hand you have the Government saying ok lets go and get all this oil and gas and on the flip side telling everyone to reduce their consumption of fossil fuels to save the planet. So don't expect cheaper fuel prices as this will be no more than another taxable income stream for the Government whilst trying to convince us mere mortals it is taxing us to save the planet....