Member Info for billy101203

Ah understand the link now.

Jiff I’m lost on that post ?

“ Placing will be principally used to accelerate the implementation of the Group's GS Money strategy, including potentially via acquisition. Further announcements will be made by the Company in due course as appropriate”

These guys sound in a hurry. Again COO has left a carrot for investors. Like he said in interview about Sandbox. Then the RNS on the share price increase that there is reason. Then last weeks RNS confirming FCA have given them a test plan. Then todays RNS confirming watch this space as we are buying etc.

Blazer I mention no warrants in an earlier post. Must and gone over domes heads

No warrants = no ceiling on sp.

Still can’t help feeling acquisition may help or be part of helping trial/testing acceleration to sudden todays news.

Re post 1721hrs

Good post measured

Remember it’s GST buying not selling.

So we had a plan in December to raise £1.5m pounds for something this year. That got knocked on the head with the Greedy CLN holder cashing in early.

So looks like to me COO has a timeline of events to stick to where possible.

Will the acquisition be a UK company?

Sorry typo

Trial

Wonder if we need money for trail?

Always are always done before news or anticipation as that’s how companies raise funds.

Let’s see what happens

3 May 2023 07:00

RNS Number : 1899Y

UK Oil & Gas PLC

03 May 2023

UK Oil & Gas PLC

("UKOG" or the "Company")

Turkey: Pinarova-1 Update

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that Pinarova-1 has reached its final depth of 600 metres below surface. Electric logs over both the 9⅝ inch cased hole and 8½ inch open hole section have been acquired and the delivery of a final log interpretation is awaited.

Plans are now being made to run a conventional selective cased hole flow test operation. The proposed uppermost zone, from approximately 255-285 metres, corresponds to a 12-hour period of strong oil odour at surface and the recovery of light c. 38˚ API oil within fluids returned to surface from the same depth. The sourcing of suitable perforating guns to run in the 9⅝ inch casing is currently underway.

A sample of the oil recovered from Pinarova (as detailed above) along with samples of the 41.7˚ API oil recovered from the active seismic shot-hole seep (see RNS of 11th January 2023 and 30th June 2022) and 43˚ API oil from the nearby East Sadak field, have now also been dispatched to the UK for detailed geochemical study.

The oil study's primary objectives are to determine; a. whether the Pinarova oil sample matches the oil from the shot-hole seep, b. whether it's derived from the same general Upper Jurassic source as E. Sadak or c. it has another origin from shallower Cretaceous origin. The geochemical results will assist the Company's current investigations into the possibility that a deeper light oil accumulation may also exist below the Pinarova area within Cretaceous limestones.

Pinarova-1, located 6 km north of the Basur-1 oil discovery, was designed to test a working hypothesis, supported by well and seismic data, that the active 41.7˚ API light oil seep found last summer in a seismic shot hole above the Pinarova structure, is directly fed by and connected to an underlying light oil accumulation of some 9 km² areal extent within the Hoya limestones, which lie between c. 300-645 metres below surface.

UKOG holds a 50% non-operated interest in Pinarova-1 and the surrounding 305 km² Resan licence, which also includes the as yet undeveloped Basur-1 light oil discovery.

Qualified Person's Statement

Matt Cartwright, UKOG's Commercial Director, who has 39 years of relevant experience in the global oil industry, has approved the information contained in this announcement. Mr Cartwright is a Chartered Engineer and member of the Society of Petroleum Engineers.

For further information, please contact:

UK Oil & Gas PLC

Stephen Sanderson / Allen D Howard

Tel: 01483 941493

WH Ireland Ltd (Nominated Adviser and Broker)

James Joyce / Andrew de Andrade/James Bavister

Tel: 020 7220 1666

Communications

Brian Alexander

Tel: 01483 941493

Glossary

°API

a measure of the density o

Have you been let again?

Splat someone last week that expect professional derampers for the next 2 weeks.

Well they have been absent to say the least. They only managed to feed off a few bones.

Your Messers, Walter Mitty’s and have not wannabes efforts have been lacking all credibility. No research or understanding of GST or even the simplest understanding on which market we trade.

We all have dreams and if and when this does 2000% likes others you mentioned then it’s happy days and definitely game/life changing for LTH’s

Stop giving the dog a bone and he will stop coming back fore more!

Splat save your energy nothing he says will change our trajectory.

No nobody knows what the news was or is as of yesterday. Nor what it will be. However hindsight’s a deadly mistress for some.

No share has ever defied gravity!!!

I’ll help ya……….4.2p inbound conceivable with 200% to 300% spike.

Strange they weren’t out full hammer on keyboards whilst price was going up. Must have sold yesterday and regrouped for todays words of wisdom.

You can’t make it up , it goes down then up. Let’s hope it’s more up than down .

They all glued themselves to their keyboards!

Everyone knows when the sp moves it moves because the mm's want to move it and nothing they say makes difference.

Happy days let how P1 delivers oil.