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65m shares says so.
Down:-
Off you go then and buy 10million if you are so confident but I think you are misinformed
V.little resistance if 0.0075 breaks. target 0.0175
Cyan - I think in reality that the regular rampathon merchants that come on here claiming to average down or buying at the bottom are total walter mitties with an ulterior motive. I can't fathom what it is. Misplaced loyalty to SS? Family member? Marketing shill paid for by UKOG? Deranged wind up merchants that have drunk too much trying to wage a war on the so called 'greenies' etc etc. I'd be very surprised if any self respecting PI would jump in here now or for the last 6 - 12 months. Like trying to catch a falling chainsaw. Of course there is an extra special case on the Hill with Stockholm Syndrome - and that individual in one of 'their' guises as in the past actually apologised for costing people their "hard earned" with his misplaced, devious and disingenuous ramping posts. There will always be the pipeline hey !
There’s no way back from death spiral finance, it’s ruthless …
The company are crooked and so is anyone promoting them, the only chance here is a pump and dump on some fictitious news, and even that is looking less likely
I can not understand the logic behind anyone buying UKOG's shares NOW.
Why risk that the resolutions are NOT passed and it follows that UKOG is no longer a going concern and they have to call in administrators?
Why risk losing everything?
Why not wait until the company can raise desperately needed funds by the creation of enormous numbers of new shares.?
I actually think UKOG fixed the votes in favour by the 3 billion issue to trustees so the risk may not be great; but until the votes are counted a grave risk remains.
What is going on here? It is not in the red.
Are we about to get the RNS of a lifetime :)
Wonder if he is paid per post or whether he is on the UKOG staff list.
Note how Ocelot never ever sees the negatives, only ever the lies which are dressed as positives.
Now, tell me, who in their right mind would only ever see positives in a company that is a full on scam lifestyle operation!!!
What are those buys about this morning . Market skimmers springs to mind but even skimming would hardly produce much of a profit at present SP
""They are only required to update the info every 6 months. I'm surprised you experts don't know that.""
Ibug, wind yer neck in, I was referring to LSE ONLY, which has been correct up to last week, not that I give a sheite, this outfit is sunk anyway, consolidation would only be for them to milk retail for a while longer lol
It's not really an issue.
However many shares are in issue and whatever their value once may have been won't matter after it's all been wound up.
Take it up with UKOG, NibblePibbley, nothing to do with me.
I never stated I was an expert but since they are in such a mess, I would have thought UKOG, would have got their act together and provided the share holders with accurate information.
Ocelot:-
I think not updating a website for almost 5 months is quite a glaring error, tantamount to dereliction of responsibility
They are only required to update the info every 6 months. I'm surprised you experts don't know that.
NibblePibbley,
They've not updated the website for the current number of shares issued, that is for sure.
So Ocelot:_
Are we to assume that everything on the UKOG website is a pack of porkie pies.
It can only infer that UKOG are not that bothered about keeping their shareholders up to date on a properly updated website. !!!!!!!
The 2nd: UK Energy Storage Ltd: We will be powering Britain's future #energy #renewables #energystorage
The 23.8bn figure on the site dates from 09/11/23.
32.5bn now, after the EBT RNS of 22/02/24.
I based my calculations from the 22nd feb 2024 RNS numbers;
"Admission is expected to take place at 8.00 a.m. on or around 27 February 2024."
"Following Admission, the total voting rights in the Company will be 32,539,926,104 ordinary shares and Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure, Guidance and Transparency Rules."
I earlier posted that I thought £1m STERLING would be well enough for another Turkish drill. On reflection I think I was a little bit too optimistic;
"AME's cost estimates for a 1500 m depth well in the Licence are around $3 million gross."
"To earn its 50% interest in the Licence, the Company has agreed to fund 100% of the first of 5 commitment wells in the Licence's 5-year exploration term, together with a small 2D seismic survey with an expected cost of $1-$1.5 million. UKOG's net expenditure for the one well plus seismic programme is capped at USD$5 million maximum expenditure. Thereafter, the Company will fund its 50% interest share expected to be c. $1.5 million per well."
At todays exchange rate UKOG's share maybe ; £1,185,750.00
Just had a look on the UKOG website and they quote 23.8B confetti pieces - who bloody well knows !!!!
Bubble:-
I thought the same but like everything with UKOG, everything is misprinted or misquoted.
To be honest they have issued so many new shares I've lost track.
Penguins wrote ;
"Certainly after they commissioned a Kimmeridge report in June 2019 they failed to deepen HH-2 through the Kimmeridge for more data, they didn't dual complete or sidetrack HH-1 for the Kimmeridge."
Everyone has to forget about the Kimmeridge fantasy which UKOG blew a fortune on.
From the YE 2019 annual results we learnt that Sanderson's BB 'roll of the dice' cost dearly;
"There was also one exceptional charge. This was an exploration and evaluation write-off of GBP11.56 million. This was primarily comprised of a GBP9.25 million write-off of the BB-1 well and the BB-1z test. The BB-1 well was impaired, as it was determined that as a result of wellbore damage we would be unable to be used for production. The BB-1z test was impaired because, although oil flowed from the well it was determined that it was unlikely to be commercial. The larger majority of the remaining exploration write off (GBP1.21 million) related to Holmwood where the operator abandoned the site."
"..it was determined that it was unlikely to be commercial."
Remember that UKOG themselves , in 2019 , declared the HH Kimmeridge flow and pressure data , 'sub commercial'. As published on Page 22 of THEIR own Loxley planning submission dated 19th April 2019;
"Flow tests and pressure data from the Broadford Bridge and Horse Hill Wells Sites have been sub-commercial"
The kimmeridge dream is long over.
I assume LSE have made an error in the shares in issue noted in the "fundamentals" tab, or has the consolidation already happened and retail have not been informed ??? have I missed something here ?? shows 2.9 billion in issue but the trading price is as before with 32 billion or whatever mad number they confettied it too..