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Ninetails
Consolidation is disastrous for investors in any shares IMO, I can't think of any that have done well.
Statistically it makes them look as though they haven't done as bad as they really have.
Emperor's New Clothes syndrome.
Adds 12 bopd but still no sign of work at Avington.
I don’t know how people can’t see it? Or maybe don’t want to see it, but consolidation is disastrous for investors in ukog…
+ 10% of Horndean (not massive either, but produces more than HH).
Our CEO has used some absolute belters in the past -
Gamechanger!
Nation Significance
Transformational
I was expecting to be travelling back to my luxury apartment in the French Rivera getting off a first class flight from the Bahamas,
That aged well Mr Sanderson
Look what's happened - were just about to go into a Consolidation to keep the lights burning that bit longer
SOLO /Sirocco Energy had a consolidation - That's just about to hit the wall too
UJO done the same - they are not much better off either
I'm guessing doing the workover, if it ever happens, will stop us going to the Bahamas if it gets to 40bopd.
Records: 124,667
Field Production Data, PPRS (WGS84)
FIELDNAME HORSE HILL
FIELDAREA LAND
LOCATION Onshore
ORGGRPNM UK OIL & GAS PLC
UNITNAME HORSE HILL
UNITTYPCOD T
UNITTYPDES Onshore Oil Field
PERIODYRMN 202312
PERIODYR 2023
PERIODMNTH 12
PERIODMNNM December
PERIODDATE 15 December 2023
OILPRODMAS 188.658
OILPRODM3 223
OILPRODMBD 0.045
OILPRDDENS 846
AGASPRODMA 6.755
AGASPROKSM 7.59
AGASPROMMS 0.009
AGASPRODEN 0.89
DGASPRODMA 0
DGASPROKSM 0
DGASPROMMS 0
DGASPRODEN 0
GCONDMASS 0
GCONDVOL 0
GCONDMBD 0
GCONDDEN 0
GASINJCV 0
GASINJVOL 0
GASFLARVOL 7.59
GASFLARDEN 0.89
GASFLARNH 4.5
GASVENTVOL 0
GASVENTDEN 0
GASVENTNH 0
INJWATVOL 0
INJWATMBD 0
WATPRODVOL 168
WATPRODMBD 0.034
REINJWATVO 0
GASPIPCV 0
GASPIPVOL 0
GASPIPVOLM 0
GASPIPDENS 0
Pboo
Up from what? It was 44bopd in November.
Best get a pipeline in for that pete - direct to Southampton? What an absolute joke that this is all they did after all the razzamataz from SS and DL. Shocking. Utterly shocking.
December Production is slightly up at 43 bopd.
I obviously have a skill at picking 'canine fecal matter' shares. 4 or them have been consolidated recently. Noting good has come of it. I might as well have flushed my money down the loo.
At least I only invested what I was prepared to lose. Every cloud and all that.
Ongold
1 for 10
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.