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Sadly Trish if there was any stability in the SP that 'rise' should have been 900% - 0.0065p to 0.065p, not 823%.
In the real world it has dropped 7% from 0.065p (closing price last night x 10) to 0.06p.
It took about 9 months for UKOG to 'decimate' the SP from 0.06p (wasn't there a poster who proclaimed that was the 'floor') in mid May last year.
It's a good start to do the same.......perhaps why they dropped the nominal price so much.
Just curious as to why such a massive jump in your SP today.
One of my first purchases when starting off investing was UKOG. So always had a bit of a soft spot for it and still have em on my watchlist, a bit like supporting your footie team from afar. So what’s the story behind todays 800% upside.
3.254bn shares at 0.06p makes the current market cap £1.95m.
Ibug. That has just shown that you are an activist, why else would you buy the minimum to vote in a share you have no real capital interest to make a profit with??
5.96bn shares is wrong, it should be 32.54bn divided by 10 = 3.254bn shares.
Look on the bright side. We'' never see this again.
52 Week Low 0.00615
52 Week Low Date 27-Feb-2024
Or will we?
Anything less than 1000% up is a net decrease.
For the newbie's who just turned up. Consolidation of 1 for 10 just processed.
If you bought yesterday then you are 17% down right now. Even Adrian can check that by looking at the value of the £100 he invested yesterday. LMAO.
This will quickly drop another 30%, so beware of the rampers. It's the final throws of a company that is soon to fold led by a CEO that knows he's been outed as a liar and scumbag.
"any shareholders holding fewer than 10 Existing Ordinary Shares as at 6:00 p.m. on 16 February 2024 (the "Record Date") will cease to be a shareholder of the ordinary shares in the Company. The minimum threshold to receive New Ordinary Shares will be 10 Existing Ordinary Shares."
I'll need to buy some to be able to vote at the AGM.
Whoop Whoop.... Thank you Mr S we now only have 5.96B shares. Pls release a fantastic RNS for Turkey!!!!
Down 12-18% depending on which site you look at.
0.06 - 0.0065 (yesterday's close) = + 0.0535.
0.0535 as a percentage of 0.0065 = 823.08%
I wonder, I wonder. 🤔
All the shares will be issued before the AGM to pay off the last tranche of the first £2m plus a bit of pocket money. Just depends on how the raise the cash is the big problem.
YA have done a good job in decimating the SP. Expect the same if they go down that route.
He just an attention seeker. He probably has no life so to speak of so tries his nonsense out behind a keyboard. There are plenty that do.
Anyone else expecting a placement before the end of the month!!!
LSE should ban bully boy bumdebum as he is also a previous banned poster hiding behind a VPN.
Good to see bumdebum disgusting post about Adrian has been taken down.
Yes I reported it.
How the various web sites will get it right?
I wonder how many "stupid is as stupid does" posts we will get today?
I see they have got the MCap right on here. Following a Capital Reorganisation the following security has been amended:
UK OIL & GAS PLC
ORDINARY SHARES OF 0.01P EACH, FULLY PAID
(B9MRZS4)(GB00B9MRZS43)
This should appear as:
UK OIL & GAS PLC
ORDINARY SHARES OF GBP0.000001 EACH, FULLY PAID
(BS3D4G5)(GB00BS3D4G58)
Cashflow is the net amount not the gross pre expenses amount UKOG receive for the oil.
Cashflow from Horse Hill is not over $100,000 a month. I'm sure that ocelot will explain.
HH-1 makes a profit - where have I ever said otherwise, it just isn't enough even for a company with a mcap less than £2mm - production is also generally declining with increased water cut.
A well specifically drilled for Portland producing the same volumes of oil as HH-1 would probably not be drilled because you don't drill wells just to cover their costs - they need to have a good rate of return on the investment, and a risked NPV calculation for another well might be barely positive - a more likely reason for inaction - technical risk, not the risk of the legal challenges being upheld which is extremely low.
And still peddling 'receipts' of £100,000 - forgetting that there's significant costs in workovers, water disposal and all the other OPEX costs
..and still making stuff up about me - you have absolutely no idea who I am, as proved every time you make something up about me.
But G williams - really - better run to admin with your latest bizarre theory.
The funny thing is you really do ramp the same rubbish on here - can't wait for your 'Finch' ramp - it's about the only positive thing coming up, and every body expects the Supreme Court to decide in SCC's favour - but it won't suddenly make Horse Hill any better, and with seismic to shoot let's hope the seismic doesn't destroy the structure (remember Basur-4 disappering after the second phase of seismic in Turkey) although it will probably delay further drilling to late 2024 at earliest.
But my view, based on UKOG''s actions not words, is that the extended testing on both Kimmeridge and Portland, plus years of Portland production, has defined a reservoir model that indicates any well drilled runs the risk of being uncommercial - hence no drilling since HH-2z at HH, and the need for the distraction of the rubbish (promoted as transformational) Turkey farm in as knowledge, via the OGA released figures, of water ingress at HH-1 was about to be added to the already admitted abandonment of HH-2z as a producer due to substantial water production.
Celebrate punters being spanked even harder by the pathetic, serial failures the BOD ?
I've said it before but, but these directors and bosses come from provern fields of excellence and experience. And have many years in the industry. We all read when it says we welcome. The experience and expertise, To the company. What a load of absolute rubbish. I think is any of us could get ion the board of directors we could have done a better job than the ones who are on the board, based on experience and expertise in there chosen field. UKOG what a total load of garbage over the last few years being run by this lot. Who have the experience to run a company into the ground. Lol makes me laugh sometimes how they get bugged up in there field. Anyway let's start the dilution cycle all over again well-done directors.
My deepest sympathy goes out to those taken in by the fake posters FOTH, Gideons, Joane, Stader, SilverTown, EndGame2, SonMoon, nocando, wigWamMan, Placeyourbets, Jojohummer, CMogdon, JulesL, ChatterChatter, JacksonBollards, Sheffler, ChipChops plus many feminine names, there’s more than I care to remember, so on behalf of all the decent honest investors here beware of the liars and their many deceitful aliases.
If you have had the misfortune to engage in debate with this nasty piece of work you will have been called every derogatory name he can muster, your gender will have been attacked along with your occupation and work colleagues, but when he is really cornered and angry he will call you a green activist and is fixated on calling everyone Sarah Finch supporters.
He will also turn on his friends at the drop of a hat…
Adrian,
I couldn't give a ferk if they passed all res or not, the company is still worthless, their assets are borderline liabilities, and all the GM has achieved is keeping the confetti factory running at full steam, nowt else...
I feel for your loss lol...