Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Ongold
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Reporting Period Month Name December 45 bopd
Oil Production Mass (tonnes) 188.658
m3 233
Associated gas production mass (tonnes) 6.755
Associated Gas Production Volume (ksm3) 7.59
Gas Flared - Volume (Ksm3) 7.59
Gas Flared - Non Hydrocarbon (%) 4.5
Water production volume (ksm3) 168
Reporting Period Month Name November 44 bopd
Oil Production Mass (tonnes) 176.814
m3 209
Associated gas production mass (tonnes) 6.124
Associated Gas Production Volume (ksm3) 6.881
Gas Flared - Volume (Ksm3) 6.881
Gas Flared - Non Hydrocarbon (%) 4.5
Water production volume (ksm3) 185
Reporting Period Month Name October 45 bopd
Oil Production Mass (tonnes) 187.812
m3 222
Associated gas production mass (tonnes) 7.309
Associated Gas Production Volume (ksm3) 8.212
Gas Flared - Volume (Ksm3) 8.212
Gas Flared - Non Hydrocarbon (%) 4.5
Water production volume (ksm3) 202
Reporting Period Month Name September 48 bopd
Oil Production Mass (tonnes) 195.426
m3 231
Associated gas production mass (tonnes) 6.93
Associated Gas Production Volume (ksm3) 7.787
Gas Flared - Volume (Ksm3) 7.787
Gas Flared - Non Hydrocarbon (%) 4.5
Water production volume (ksm3) 186
Does anyone know what the consolidation ratio is please.
45bopd
223 m3 oil
168 m3 water
UK Oil & Gas PLC
("UKOG" or the "Company")
Revised Timetable for Capital Restructuring
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that, further to the announcement of 23 February 2024, the revised timetable for the capital restructuring is as follows:
Latest time and date for receipt of Form of Proxy
11:00 a.m. on 1 March 2024
Time and Date of General Meeting
11:00 a.m. on 5 March 2024
Announcement of results of General Meeting
5 March 2024
Record date for Capital Reorganisation
6:00 p.m. on 5 March 2024
Latest time and date for dealing in Existing Ordinary Shares
6:00 p.m. on 5 March 2024
Expected date of admission of New Ordinary Shares to AIM
6 March 2024
Expected date CREST accounts are to be credited with New Ordinary Shares in uncertificated form
6 March 2024
Despatch of definitive certificate for New Ordinary Shares (in certificated form)
Week commencing 11 March 2024
Ocelot
Don't you mean "sells"? Or were they having a sale?
When has UKOG positive news actually been positive news?
Every piece of positive news, even the Gatwick gusher tests, has proved to not turn out as positive as hoped, or positive at all. Yes there have been pump & dumps based on that, and other short term results, but most often just based on a plan to do something with decidedly dodgy partial and overly positive information about what was expected.
The hope now is something being announced before the GM - but whatever it is it won't alter the inherent technical risks of drilling another well at HH, nor the well at Loxley, or another well in Turkey, and the timetable for doing any of these will be late 2024 at best (if ever) with more seismic expected at both HH and Turkey and Loxley still needing planning conditions passed. However the Supreme Court decision isn't scheduled for next Wednesday, for HH PPP have gone radio silent about their workovers, Loxley High Court decision was in UKOG's favour in early January, and given it's been available for 18 months no takers so far - of course alternatively it could be more tweets about providing Southern UKs storage needs in.....in....in..... 2050.
But with a rise based on a small value of shares inbalance (with Mr 75 million not joining in the selling at the end of the day, and I nearly put volume but with a per share value in thousandths of a penny there's plenty of volume) - the opposite could be true when the traders lose their nerve and start selling - because it won't be 'investors' buying for even the medium term - with a short term expected to be filled with massive amounts of CLN shares being shifted.
Drill or Drop release :
https://drillordrop.com/2024/02/29/ukog-pushes-ahead-with-share-plan-to-raise-money-for-loxley-gas-site/#more-104117
If, with all the necessary provisos, we accept lse's figure for sales today, they totalled £9.84k, ie in reality, they have just about dried up.
If less than £40k of trades can put more than 18% on the share price, what effect would, say, £100k of trades have on the share price?
"... the value of ALL the trades today is UNDER £40k, says it all !!!"
Yes, including the fact that it would take very little real money to move the share price in one direction or another.
"..a fresh start with the Gas business."
As for Loxley; another dream for another day. Needs an appraisal drill to PROVE commerciality. Only costs £7m (UKOG cost estimate revealed at the planning enquiry).
Trouble is UKOG have not got the cash and need a partner, but who would want to partner UKOG?. IF another company was interested, imo UKOG would be left with an insignificant share.
The development costs would be large; UKOG revealed in the planning enquiry that IF successful , the full field development would cost £50m.
Can only think that consolidation is the only way forward now,with a fresh start with the Gas business.
It's the usual "suckers" UKOG price move, the value of ALL the trades today is UNDER £40k, says it all !!!
Would be nice if this pile of s...t made some decent ground North, but I think it would take a miracle and I can`t see that happening anytime soon. GLA
RNS 23.02.2024
Extract; " Failure to carry resolutions 3 and 5 will, therefore, mean that the Company will not be able to fully implement its operational and growth strategy."
I think they would no longer be a 'going concern' They MUST raise more cash through share issues; an awful of shares
I suspect the buyer of 121 million shares has not fully appreciated the impact the the fundraising to come . They are exposing themselves to two risks;
1 complete wipe out if the resolution fail and UKOG are advised to call in administrators
2 massive dilution by the creation of huge numbers of new shares thereafter to satisfy UKOG's working capital commitments.
UKOG have to get the accounts signed off and demonstrate they have funding for next 12 months.
UKOG need to raise a lot of cash.
With just Admin costs last reported at £2.7m p.a ; you can see an awful lot of dilution is to come.
Good grief talk about reckless gambling .
I am expecting those shares value to plumet
More to come...
Sources,
I've been with these since 2016 through thick and very very very thin... not going anywhere just yet...
28m seller out of the way. more rise to come here.
Traders will be back in this soon.
I feel sorry for anyone who sold.its not all over its just begining.
Keep on guessing then.
All will be revealed Thursday /Friday next week ?