UK Oil & Gas Share Chat (UKOG)

I can repeat posts too just like Trollplumper and his many other alias's on here does....

To quote what you (Trollplumper) posted...

"Ambition: The initial goal is to support up to two large-scale geological storage projects to be either in construction or operation by 2030"!

Their are three huge problems with that;

Firstly, UKOG/UKEN is not large scale or part of any large scale projects.

Secondly, UKOG can not raise the £1BILLION needed to develop the Dorset Hydrogen Storage rainbow chasing project.

Thirdly, UKOG will be long gone by 2030 anyway!

Give it up Trollplumper(s), everytime you swampies ramp the SP drops even further and faster!

Absolutely hilarious! 🤣 😂🤣😂🤣😂🤣

BTW how's the legal threat to LSE members working out for you???😂🤣😂🤣😂🤣😂

Oh wait, there's a man at my door with a writ addressed to you!🤣😂🤣😂🤣😂🤣

The Hydrogen Storage Business Model (HSBM) is a government-backed revenue support mechanism designed to de-risk investment in large-scale hydrogen storage projects in the UK.

It primarily targets geological storage—such as the salt caverns planned for the South Dorset project—to bridge the "revenue gap" that currently exists because the market for hydrogen is still in its infancy.

How the Model Functions

The HSBM operates through a private law contract (expected to last at least 15 years) between a storage provider and a government-appointed counterparty.

The core components include:

Revenue Floor: The model provides a guaranteed minimum level of revenue (a "floor").

If the market demand or price for storage is too low to cover the facility's costs, the subsidy kicks in to protect the provider from "demand risk".

Upside Sharing: To ensure value for money, the model typically includes a mechanism where the provider shares a portion of their profits with the government (or the subsidy funder) if revenues exceed a certain "cap" or target.

Sales Incentives: The model is designed to encourage storage providers to maximize their sales and capacity usage rather than simply relying on the floor payment.

Coordination with Transport: The government is aligning HSBM allocations with the Hydrogen Transport Business Model (HTBM) to ensure that storage facilities and the pipelines needed to connect them are developed in sync.

Allocation and Rollout (2026)

The UK government has committed to launching the first HSBM allocation rounds in the first half of 2026.

Strategic Planning: Starting in 2026, the National Energy System Operator (NESO) takes over strategic planning for hydrogen infrastructure to ensure projects are located where they add the most value to the national grid.

Ambition: The initial goal is to support up to two large-scale geological storage projects to be either in construction or operation by 2030.

Hey Trollplumper.

Why are you NOT telling people Hydrogen is fast becoming a thing of the past as Electric Storage is coming over the horizon.

And Hydrogen is hugely expensive which is why the Government are concentrating on Wind, Solar, Nuclear and incoming Electric Storage.

How's the £30k turned into £13 in 3 easy "buy the dips/averaging whilst the SP plummets) trading going?

Who in their right mind would follow your advice and ramping is beyond me.

What Trollplumper king of rampers is not telling you is; the Government made it very clear in a letter to UKOG a while ago that they expect "Private Sector Funding" to fund UKOG's Hydrogen Rainbow Chases!!!

As for the Share Price, it's only down 47.5% in just 6 months!!!

Yeah, all pile in, pay a high price for WORTHLESS Confetti Shares, but try selling, that's when the rug is pulled from under you as the Market Makers drop the Sell quote to keep naive punters locked-in with instant losses if one tries escaping!

Remember fools piling in at £0.0005p in October only for the SP to drop sub £0.0001p!!!

The UKOG ramp, raise, rinse, repeat train is now leaving the station - all aboard, next stop bankruptcy!

Some people can't see the wood for the trees.

Still, what do I know!

The Hydrogen Storage Business Model (HSBM) is a government-backed revenue support mechanism designed to de-risk investment in large-scale hydrogen storage projects in the UK.

It primarily targets geological storage—such as the salt caverns planned for the South Dorset project—to bridge the "revenue gap" that currently exists because the market for hydrogen is still in its infancy.

How the Model Functions

The HSBM operates through a private law contract (expected to last at least 15 years) between a storage provider and a government-appointed counterparty.

The core components include:

Revenue Floor: The model provides a guaranteed minimum level of revenue (a "floor").

If the market demand or price for storage is too low to cover the facility's costs, the subsidy kicks in to protect the provider from "demand risk".

Upside Sharing: To ensure value for money, the model typically includes a mechanism where the provider shares a portion of their profits with the government (or the subsidy funder) if revenues exceed a certain "cap" or target.

Sales Incentives: The model is designed to encourage storage providers to maximize their sales and capacity usage rather than simply relying on the floor payment.

Coordination with Transport: The government is aligning HSBM allocations with the Hydrogen Transport Business Model (HTBM) to ensure that storage facilities and the pipelines needed to connect them are developed in sync.

Allocation and Rollout (2026)

The UK government has committed to launching the first HSBM allocation rounds in the first half of 2026.

Strategic Planning: Starting in 2026, the National Energy System Operator (NESO) takes over strategic planning for hydrogen infrastructure to ensure projects are located where they add the most value to the national grid.

Ambition: The initial goal is to support up to two large-scale geological storage projects to be either in construction or operation by 2030.

Trollplumper and his many other alias's on here....

To quote what you posted...

"Ambition: The initial goal is to support up to two large-scale geological storage projects to be either in construction or operation by 2030"!

Their are three huge problems with that;

Firstly, UKOG/UKEN is not large scale or part of any large scale projects.

Secondly, UKOG can not raise the £1BILLION needed to develop the Dorset Hydrogen Storage rainbow chasing project.

Thirdly, UKOG will be long gone by 2030 anyway!

Give it up Trollplumper(s), everytime you swampies ramp the SP drops even further and faster!

Absolutely hilarious! 🤣 😂🤣😂🤣😂🤣

BTW how's the legal threat to LSE members working out for you???😂🤣😂🤣😂🤣😂

Oh wait, there's a man at my door with a writ addressed to you!🤣😂🤣😂🤣😂🤣

Oh, and there's the small fact that Ed Miliband has repeated time after time that the Government priorities are Wind and solar and wave and some Nuclear, and now have to include Electric Storage Farms for when weather conditions are not ideal.

Again fek all to do with UKOG/UKEN who are just about keeping the lights on.

A company with prospects doesn't sack half its staff and close its head office, only one that is fighting to keep afloat does.

Can you imagine the size of his next yacht if Scamderson got his hands on £100m's!!!

Ramp that Trollplumper!

Hey Trollplumper.

Don't forget to mention the Government made it clear in writing to UKOG, they "expect Private Sector Funding" for projects - UKOG IS NOT GETTING GOVERNMENT/TAX PAYER HANDOUTS!

So far, virtually every penny raised by UKOG finds its way to "administration expenditure" aka Stephen Scamderson and the BOD's Monaco apartments overlooking their yachts lifestyles fund £135MILLION+ of it!

Why else does the Share Price continue to plummet and volumes hitting all time lows? Even irrelevent MOU's fail to generate enough interest for punters to pile in, they are fully aware of this Ponzi!!!

Nice try pal!

Another irrelevant post by Trollplumper (£30k to £13 in 3 trades) that has NOTHING to do with UKOG, as they have neither Hydrogen Storage let alone ANY Hydrogen, and the Sun will freeze before they do!

The UK government will be playing heavily on the thousands of jobs being created across the country as industrial sectors build the Storage, Transport and Usage of Hydrogen.

Millions invested with guaranteed return to tax payers via benefits and profit sharing.

The core components include:

Revenue Floor: The model provides a guaranteed minimum level of revenue (a "floor").

If the market demand or price for storage is too low to cover the facility's costs, the subsidy kicks in to protect the provider from "demand risk".

Upside Sharing: To ensure value for money, the model typically includes a mechanism where the provider shares a portion of their profits with the government (or the subsidy funder) if revenues exceed a certain "cap" or target.

Sales Incentives: The model is designed to encourage storage providers to maximize their sales and capacity usage rather than simply relying on the floor payment.

Coordination with Transport: The government is aligning HSBM allocations with the Hydrogen Transport Business Model (HTBM) to ensure that storage facilities and the pipelines needed to connect them are developed in sync.

Allocation and Rollout (2026)

The UK government has committed to launching the first HSBM allocation rounds in the first half of 2026.

Strategic Planning: Starting in 2026, the National Energy System Operator (NESO) takes over strategic planning for hydrogen infrastructure to ensure projects are located where they add the most value to the national grid.

Ambition: The initial goal is to support up to two large-scale geological storage projects to be either in construction or operation by 2030.

And, the only ones to strike it lucky are the people with 'Crystal 🔮' and can see into the future and Buy (in volume at a higher price) just before the next ramp hits. But even then Market Makers drop the Sell quote to keep naive punters locked-in to UKOG. The risk-reward ratio is through the floor and not worth it!

Remember punters boasting about piling in at near £0.0005p 6months ago, how many are boasting now about their selling as the SP is DOWN 80% and they've taken a massive hit!?!

Still, what do I know!🤔

Had the same swampies and naive punters invested in bitcoin or gold or FTSE100 years ago they would be sitting very comfortable now! Despite the warnings they thought they knew best!

Greed and stupidity is what brings naive Punters to penny shares!

Still, what do I know!🤣

Problem with waiting for an opportunity to average down further with UKOG is it only works in a mainly rising market and it relies on selling to someone less naive to buy.

And, without substantial demand you can't get out on any pumped rise of the SP.

As I demonstrated and repeatedly posted, like Trollplumper's "buying the dips/averaging" hasn't and doesn't work with a company like UKOG where the S.P is continually in freefall;

Trollplumper maths:

3x Buys....

£10k at £0.10p = 100000 shares

£10k at £0.05p = 200000 shares

£10k at £0.01p = 1,000,000 shares

=1,300,0000 shares for £30k

Or 130,0000 post 1:10 consolidation.

Price now £0.00009p x 130,000 shares

= £11.70p

Even if the SP jumped to an impossible £0.01p that's only £1300! A very long way from Trollplumper's £30k, even worse as he claims he was buying the dips all the way down.

That's what you get for sticking with UKOG and believing their rhetoric whilst the SP tells you otherwise!

I'm just surprised UKOG didn't try to get involved in bitcoin.

Space is all the rage just now so maybe they'll announce a study into launching rockets from their unproven salt cavern sites.

Or looking at breaking trends, maybe host an Angine de Poitrine concert.

Zilch trades because they're waiting for an opportunity to average down further - or engage in a pump - either bad news or good news works for some posters.

Question is will the next RNS/X be a hyped MOU, hype about Horse Hill, hype about a government announcement unrelated to UKOG's ambitions - including the launch of the storage allocation round, or more likely pleased to announce more shares (nearly 2 billion) for the EBT to ensure votes in favour at any future (possibly announced the same day) AGM / GM.

STaylor.

Far from it, trading figures prove, only swampy rampers desperate to recover even a tiny fraction of their £135MILLION are still here. Everyone else is keeping as far away as they can, apart from those of us determined not to let swampies fool naive investors and punters, into funding UKOG's Monaco apartments overlooking their yachts lifestyles!

s s needs a lot of white paper full of **** and the amount of investors still here shame

Another irrelevant post by Trollplumper (£30k to £13 in 3 trades) that has NOTHING to do with UKOG, as they have neither Hydrogen Storage let alone ANY Hydrogen, and the Sun will freeze before they do!

I work across many industries and see many large UK businesses are already gearing up and investing millions in preparing for the transition to hydrogen.

It's all definitely happening and so much so that companies have been taking direction from the government to prepare for it.

JCB are proving the case by running the land speed record car on hydrogen :

https://www.jcb.com/en-GB/campaigns/jcb-hydromax/

......if they read the articles they and their 'pals' quote / link (ocelot, TH2, Trish, Bigfoot), as surely they don't filter them, they'd have realised that the news about hydrogen is predominantly about activity / funding for projects in the north of the UK.

The only company banging on about storage in the south, and not just the south but the south coast in the middle of nowhere, is......... you've guessed it.....UKOG.

While UKOG has ambitions in the north with an identified site any application for revenue support by UKOG will be trounced by applications by SSE/Equinor and Centrica who are in partnership with NG - yes NG who signed a 'collaboration' MOU with UKOG 'initially' for the E Yorkshire site.

Another irrelevant post by Owesalot aka Stephen Sanderson that has NOTHING to do with UKOG, as they have neither Hydrogen Storage let alone ANY Hydrogen, and the Sun will freeze before they do!

What is Owesalot's agenda???

(Bloomberg) — An English factory owned by Kleenex maker Kimberly-Clark Corp. is set to run on so-called green hydrogen later this decade after the plant’s developers approved investment in the £55 million ($73.6 million) project.

The plant in northwest England is being developed by a joint venture of Schroders Capital and Carlton Power. It’s among the first commercial green hydrogen plants to move forward in the UK since the government introduced a subsidy program aimed at supporting investment in the fuel ...

https://financialpost.com/pmn/business-pmn/uk-https://financialpost.com/pmn/business-pmn/uk-kleenex-toilet-paper-plant-to-run-on-green-hydrogen-after-74-million-deal-after-74-million-deal

Another irrelevant post by Trollplumper (£30k to £13 in 3 trades) that has NOTHING to do with UKOG, as they have neither Hydrogen Storage let alone ANY Hydrogen, and the Sun will freeze before they do!

WHITE PAPER

Accelerating low-carbon hydrogen and cutting costs

Siemens and Capgemini have collaborated on a new whitepaper to demonstrate how low-carbon hydrogen can play a crucial role in reducing CO₂ emissions in hard-to-abate sectors.

Another irrelevant post by Trollplumper (£30k to £13 in 3 trades) that has NOTHING to do with UKOG, as they have neither Hydrogen Storage let alone ANY Hydrogen, and the Sun will freeze before they do!

Hydrogen power has arrived, and it’s working on real-world construction sites today. This is not a prototype project or technology demonstrator – JCB’s hydrogen powered machines are in series production and available to order now.

Revolution through evolution

At the heart of every hydrogen JCB machine is our cutting-edge hydrogen internal combustion engine. Developed by JCB engineers in the UK, this engine has been purpose-designed from the ground-up to deliver hydrogen fuel to the UK and beyond. By utilising established engine technology with readily available components and supply chains, the JCB hydrogen engine represents the next evolution of internal combustion engine technology.

Zero Carbon - Zero Compromise

With hydrogen power, our JCB hydrogen engines produce the same torque, power and efficiency as their diesel counterpart – resulting in machines which provide the same levels of performance, with none of the CO2. This is the first ever hydrogen power engine to receive full Stage V emissions approval in the UK and EU – all achieved without the need for DPF, SCR or DOC.

Are you the biggest shareholder in here?

Have a look at the government hydrogen infrastructure map and project details/partners here:

https://national-infrastructure-consenting.planninginspectorate.gov.uk/projects-map?searchTerm=Hydrogen

Nothing in the south and nothing for UKOG.

Sorry to get the earlier title wrong.

How dare you post facts about the Government plans for Hydrogen in the N.E that don't include UKOG.

How dare you shatter the swampy rampers deliberate attempt to mislead naive 'newbie' investors/punters wanna be "Big City Traders" with your experience, knowledge, intelligence and even worse actual facts!

Take that Trollplumper and Owesalot!

🤣

Waynesmith.

Ukrainians have been thrown to the Lions!

One word describes what goes on in the world - HYPOCRISY!

It's 🤢🤮🤮🤮!

We are now buying oil from Putin lol

Today by Trollplumper the S.P closed at £0.000101p (virtually unchanged), so anyone buying (as warned) has lost money as we can see by today's figures:

# Trades 196

Vol. Sold 31,491,052 Sold Value £4.42k

Vol. Bought 253,177,464 Bought Value £38.79k

No chance of Day Trading either as no one was buying as investors are giving UKOG a very wide birth indeed!

And, despite the constant ramping, how embarrassing that the total of buys was £39k ish, lightyears away from the £135MILLION+ fleeced from punters. Every time Trollplumper posts the SP drops further! After turning £30k into £13 I can feel his pain from here! Everything he does pushes him closer to Bankruptcy, I bet he was busy buying expecting to Sell at a profit today, thinking he knew best, he's feked up again!

Everytime UKOG posts Carp on X, naive fools, day traders and swampies lose money! Love it love it love it!

Still, what do I know!

TH2,

Stop claiming there will be government funding for storage. The last the government said on the subject was they were minded to provide a cap and floor guaranteed revenue support for those selected to proceed to negotiate the terms.

Whilst UKOG may have the only currently planned site in the south of England the reason there is no competition is probably that any competent operator is aware that the storage round allocations will be to support storage in the early 2030's as currently there is no significant production planned, no significant demand likely, and no infrastructure planned in the south, and the government is currently supporting hydrogen projects mainly in the north and east of the UK and South Wales so Project Union is likely to reach London and South Wales connecting to northern storage and production before reaching the south coast.

As for this:

'National Impact - Could meet up to 17%–31% of the UK's forecast hydrogen storage needs by 2050'

Apart from pointing out it won't be needed until 2050 I've been here long enough to remember the boasts about the Kimmeridge, providing up to 27% of UKs oil demand:-

'Mid scenario is around 170,000 barrels per day 12, and in the High scenario over 330,000 barrels per day 13, representing approximately 14% and 27% of 2014 UK daily oil demand respectively.'

Note TH2 was puffing the stock at 0.021 in November

It's now 0.0105 = 50% loss

You have been warned........................

TrollHunter2 Posts: 2,458 Price: 0.021 No Opinion

RE: So whats the game plan here? 12 Nov 25 Today 16:52

Game plan is simple. Buy as many shares as possible at this ridiculously cheap price before the government and large international partner shove their money in sending this through the roof.

It's all in the RNS's and public domain X/Twitter messages.

Next meeting with the government is next Tuesday, 18th November. Then budget announcements of H2 and job creation on 26th.

Partner announcement any time, depending on their trigger to sign the paperwork we're sure they've already penned.

Again evidence talked about in RNS's and interviews.

GLA

Just how wrong can you be????? :))))))))))))))))))))))))))

Genuinely; I hope you're not really buying into your own hype Trolley.

Dream on Trollplumper dream on!

UKOG has probably used up the last £5m raised on "administration expenditure" aka Monaco apartments overlooking their yachts lifestyles fund, and can't raise anymore money as the demand for UKOG's worthless confetti shares has virtually dried up as can be seen by todays trading figures I posted below.

You're stuck with your H U G E losses mate!

Note : National Impact - Could meet up to 17%–31% of the UK's forecast hydrogen storage needs by 2050

That means that UKOG (UKEn) will be asked to scale up and produce more storage sites. Increasing the company value, guaranteed by the government for a minimum of 15 years!

GLA

You can't sell in any volume not even at £0.0001p;

# Trades 192

Vol. Sold 27,891,002 Sold Value £4.06k

Vol. Bought 251,205,710 Bought Value £38.57k

Proving what I keep saying UKOG is not tradable!

Market Makers do not want to buy more worthless UKOG confetti shares, they can't shift the Billions they have.

So much for "Big City Traders moving in on UKOG" not even £50 traded so far!!!

UKOG will never raise enough money to even keep the lights on. And a company with 'potential' doesn't close its Head office and make staff redundant, unless to fend off insolvency!

Wake up guys - you will lose everything betting on UDOG!!!

Are taking profits or trying to get out as the SP predictably starts to drop!

The spread alone ensures a lock-in or massive loss on every trade, it's the nature of the penny shares beast!!!

That's why almost all punters lose everything - greed and stupidity abounds!

Still, what do I know!

Fill your boots!

Costa. Buy buy buy eh!

Soon you won't have enough to buy a Costa Coffee!

The ramp brigade have now emerged from the swamp hoping to recover a tiny fraction of their H U G E day trading losses!

Just watch the SP plummet as UKOG cashes in with ANOTHER huge raise and consolidation!

Such fun to watch as fools think they know best!

🤣

Won't be able to hold this at this sp for long. Looking like a massive tick up coming.

Looks like the word is spreading.... BIG trades starting to come through. Price just jumped up.... :-)

GLA

TH2,

Posting something twice doesn't make it any better, nothings changed since your first post.

'Guess where they'll be storing all that Hydrogen'

Hmmm, let me guess.......in SSE / Equinor's Aldbrough site or possibly Rough - maybe even EPP's storage as UKOG isn't on the starting blocks in the north (have they really got a site, or more of a concept of a site?), and South Dorset is nowhere near any planned early 2030's hydrogen production, demand or transport.

........ and by the way NG might have signed a MOU with NG - SSE / Equinor / Centrica are in a partnership with NG called Humber Hydrogen - whose storage site/s are NG likely to support?

Repeating so investors don't miss it....I'm seeing a lot of green boxes (the usual ignored trolls I assume).

Yep, I got that too and listened to the Parliament session yesterday continuing the Energy Independence discussions for the upcoming announcements.

"UKEn: Positive progress to hear that Energy Secretary Ed Miliband has given go ahead for National Gas to construct 420km pipeline to carry hydrogen gas on the East Coast, to designate it a Nationally Significant Infrastructure Project"

Guess where they'll be storing all that Hydrogen. The government preference is geological (Salt Caverns)!......

"UK Oil & Gas PLC (UKOG) and its hydrogen subsidiary, UK Energy Storage (UKEn), signed a Memorandum of Understanding (MOU) with National Gas Transmission to connect their planned salt cavern hydrogen storage sites to National Gas's proposed "Project Union" pipeline.

Key Details of the Collaboration

Project Union: National Gas is spearheading Project Union to repurpose and develop a national hydrogen pipeline network.

Site Connections: The agreement provides direct connection points for UKEn’s planned national-scale hydrogen salt cavern storage facilities in East Yorkshire and South Dorset.

Phase One Timeline: The initial phase of Project Union, connecting the East Coast hydrogen cluster to East Yorkshire"

Also.....

"UKEn: Interesting announcement by Energy Minister Ed Miliband. Estimated that our Dorset project can support 2,100 direct jobs during construction phase."

Following the Parliament sessions currently underway we'll see a stream of announcements now.

Going to be a fun ride.

GLA

Trollplumper (they of £30k into £13 in 3 "buy the dips/averaging" trades fame is ramping UKOG's not existent Hydrogen Storage rainbow chase in the N.E - hillarious!!!

Who in their right minds would listen to a single word of the agenda driven (deep in losses) trollop that comes out of Trollplumper's mouth!

People like them are selling whilst ramping!

I can smell their desperation from 100's of miles away!!!

Still, what do I know!

TH2,

'Guess where they'll be storing all that Hydrogen'

Hmmm, let me guess.......in SSE / Equinor's Aldbrough site or possibly Rough - maybe even EPP's storage as UKOG isn't on the starting blocks in the north (have they really got a site, or more of a concept of a site?), and South Dorset is nowhere near any planned early 2030's hydrogen production, demand or transport.

........ and by the way NG might have signed a MOU with NG - SSE / Equinor / Centrica are in a partnership with NG called Humber Hydrogen - whose storage site/s are NG likely to support?

Yep, I got that too and listened to the Parliament session yesterday continuing the Energy Independence discussions for the upcoming announcements.

"UKEn: Positive progress to hear that Energy Secretary Ed Miliband has given go ahead for National Gas to construct 420km pipeline to carry hydrogen gas on the East Coast, to designate it a Nationally Significant Infrastructure Project"

Guess where they'll be storing all that Hydrogen. The government preference is geological (Salt Caverns)!......

"UK Oil & Gas PLC (UKOG) and its hydrogen subsidiary, UK Energy Storage (UKEn), signed a Memorandum of Understanding (MOU) with National Gas Transmission to connect their planned salt cavern hydrogen storage sites to National Gas's proposed "Project Union" pipeline.

Key Details of the Collaboration

Project Union: National Gas is spearheading Project Union to repurpose and develop a national hydrogen pipeline network.

Site Connections: The agreement provides direct connection points for UKEn’s planned national-scale hydrogen salt cavern storage facilities in East Yorkshire and South Dorset.

Phase One Timeline: The initial phase of Project Union, connecting the East Coast hydrogen cluster to East Yorkshire"

Also.....

"UKEn: Interesting announcement by Energy Minister Ed Miliband. Estimated that our Dorset project can support 2,100 direct jobs during construction phase."

Following the Parliament sessions currently underway we'll see a stream of announcements now.

Going to be a fun ride.

GLA

Bigfoot.

Having found X a highly depressing site I'm not on it, so care to enlighten me and others what UKOG has posted please?

UKOG

Corrected:

Cheers Penguins.

So UKOG are trying to gain an element of legitimacy to their Hydrogen Rainbow chase to try and ramp interest in UKOG.

How else are they going to get another raise off the ground considering the last MOU failed miserably.

I feel sorry for the few remaining swampy rampers who still think they could ever get any of their £135M I L L I O N+ back by throwing the last of their kids piggy-bank money at this UKOG Monaco apartments overlooking their yachts funding toilet!

Greed and stupidity abounds which leeds to massive losses just like any ponzi!

Still, what do I know!

Cheers Penguins.

So UKOG trying to gain an element of legitimacy to their Hydrogen Rainbow chase to try and ramp interest in UKOG.

How else are they going to get another MOU considering the last failed miserably.

I feel sorry for the few remaining swampy rampers who still think they could ever get any of their £135M I L L I O N+ back by throwing the last of their kids piggy-bank money at this UKOG Monaco apartments overlooking their yachts funding toilet!

Greed and stupidity abounds.

Still, what do I know!

UKOG @UKOGlistedonAIM

UKEn: Positive progress to hear that Energy Secretary Ed Miliband has given go ahead for National Gas to construct 420km pipeline to carry hydrogen gas on the East Coast, to designate it a Nationally Significant Infrastructure Project.'

Unfortunately NG are in Humber Hydrogen a partnership including the operator of Aldbrough gas storage site and the operator of Rough - I wonder why could it be because storage projects need a transport element.

No mention of progressing Project Union to Southampton, or will it be to UKOG's site in South Dorset?

When this lot finally stops twitching, their epitaph will read, "finally faded away".

Ah yes PPP - still unlisted and the other deal faded away without any comment. The chances that they'll be able to restart HH are negligble - the NIMBY's will be in full cry and backed by Mad Ed. There 'll be a shed load of court cases

I think this is for the knackers yard sometime this year - even Ocelot has to be paid sometime

It doesn't matter if any project going forward is likely to be successful, just as long as UKOG is prepared to ignore any probable problems when they RNS their 'expectations'.

These are then repeated here, X and anywhere else as certainty and often embellished - with those repeating the story as if UKOG is being conservative when in fact they have always been outrageously positive.

Not sure how they are going to 'spin' an HH restart (as of earlier this morning the planning application wasn't on the SCC planning portal) but probably no mention of production rates of water and oil prior to shutting the well in over a year ago, and no mention that after a long shut in any initial production rates will be short term, with almost certainly a rapid drop off.

Will water injection using HH-2z be promoted again having failed to do it multiple times - probably because of the high risk of it quickly damaging oil production rather than enhancing it.

Will producing from the Kimmeridge be suggested whilst never having got around to it after several alternatives were meant to be happening after Portland production commenced. It would be useful for investors to see the June 2019 RPS report on the Kimmeridge. Whether it was a coincidence or not following that report no more work (apart from testing) was performed to either investigate or put the Kimmeridge into production - and 21 months later in the 2021 ARA published March 2022 (iirc, the UKOG web site link to Financial Statements didn't work) they dropped the pretence of 10 billion barrels OIP, replacing it with ca 1.5mmbbls 2C (contingent) resources.

Another well? The last time this was proposed they were prepared to give away 49% of HH-3 production (and the rest of the licence) to PPP for acquiring 12 sq Km of seismic (first) and then drilling the well (spending max £4.6mm before UKOG would pay their share) - the need for new seismic hasn't disappeared - although PPP might have.

Maybe hype about another 4/5 wells and the 3,000bopd production facility.........

As for new direction, where have you been, they raised for Solar, Geothermal and now the latest Rainbow chase Hydrogen whilst technology is moving on to Electric Storage Farms!

Sushi.

Gatwick Dribbler wasn't producing enough Oil to cover Stephen Scamderson's non performance related pay!

And do you think the Anti-oil brigade won't again drag UKOG through the Courts just for the hell of it?

Meanwhile any monies raised again finds its way to "administration expenditure" rinse repeat applies as usual. Only problem is demand for UKOG shares has dried up and the SP continues to drop, indicating dire future expectations!

"UK Oil & Gas remained stagnant after a month of high volatility following a temporary trading suspension. Stagnation stems from severe asset impairment and revenue declines reported in delayed accounts. Analysts project continued downward pressure as the company pivots to highly speculative hydrogen storage amidst significant financial distress."

Hope it's "B.P." again.

I sold at 600p, so a rumour like that could make BP's SP fall significantly enough that I could buy back in again.

:D

O.M.G.......

I just got a thought that made me shudder....

I think UKOG's P.R team/paid rampers are going to circulate rumours of a take over approach on X to boost demand so that they can make the mother of all raises!!!

How else are they going to survive, I pity they fools that get caught up in something like that, Market Makers will make sure only Buys go through by jacking up the Buy quote, then later they will drop the Sell through the floor when UKOG denies an approach, but also state they took advantage of the sharp rise to raise. I see punters potentially facing huge Day Trading losses of almost 90%+!

Nightmare on UKOG Street never ends!

🤢🤮

Trish.

"Could be" more like HAS destroyed virtually all the Shareholders that fell for the biggest Ponzi on the planet. £135MILLION+ flushed down the UKOG Monaco apartments overlooking their yachts lifestyles funding toilet!

Highly experienced successful intelligent investors and industry insiders have been warning of this scam virtually from day 1.

Swampy rampers and fools and greedy naive day traders need to look in a mirror to see who's to blame, but alas they know best.

Still, what do I know!

Finally!

Welcome to the world , Trish.

Hi Ant,

I am saying that I am not giving much hope in this stock moving upwards towards any great price.

Everything that has been released by our CEO, “Stephen Sanderson”, does not provide any great opportunity for investors to get excited about.

I am not wanting to sound too downbeat, I just see this going in one direction, which could be very painful for all invested into this stock.

Good morning all.

Care to elaborate please Trish?

Appears to be where this stock is going to be stuck for a couple of years.

The only one who gains is you know who.

Next placing 0.005 - 0.002

Another buggering due for anyone remaining. So far away from an income stream the company is kept afloat by selling shares. So more is coming and with it more and more dilution. Each placing there are more shares for sale and at an ever decreasing price making less and less money each time. Soon no one will buy the shares and it is the end and with it administration. AVOID