Member Info for CynderLad

They did not even confirm that there was a salt cavern did they? Did they? Did they?

It's probably 10 acres of land off a local farmer who's growing turnips there.

So SS, is there a cavern there, yes or no? Or is this yet another UKOG jackanory story that the CEO will use to fleece PI's?

Given the cash position, they could not afford to rent a decent site, so they've opted for 10 acres of farm land that is miles from anywhere from a utilities perspective knowing full well that they'll never get any UK Gov cash to invest.

The CEO has run out of tricks, this latest effort is despicable.

Adrian, you have done well to evade being banned again. But we all know your MO, I rarely celebrate when others lose cash, but you deserve to lose the lot.

LMAO

UKOG is going bust and you bought in. LOL

Delato = must be latin for deluded... Do the basic research ffs. You cannot ramp a stock where a company is about to go broke on the basis of some nonsense tweets from a CEO that has a track record of only wanting to ensure he gets paid his salary. Jeepers creepers....

p.s. Labour don't have the money to invest in a cheese cavern in Dorset, and if they did have the cash then they wouldn't be throwing it at a company that would fail all of their "measures" as a trustworthy and stable entity now would they. Might as well give the Nigerian Prince the details to your bank account, I'm sure he'll send you that money!!!!

The LOS mean absolutely jack. They have no value other than to a Pump and Dump squad who have ridden a wave of complete tosh and BS. The CEO should be ashamed of himself, alas he is not, he acts with complete disdain for the long term holder and is interested only in getting his monthly salary paid.

FACT remains, UKOG have little cash left and are sustaining huge operational losses. They will be out of cash by end of Oct at the latest and their efforts to raise cash via placings have become very challenging.

Who cares what Heid says. I have her/him on filter....

UJO approaching the 14p fair value that I called out time and time again.

Just check the accounts FFS.

Look at the revenues (very low)

Look at the costs (very high)

Look at the cash position (very poor)

Look at the assets (very poor)

Look at the investment needed (humongous)

Look at the timescales to get any revenue improvements (very long)

Look at the P&A costs for the Broadford Bridge site (high)

Look at the CEO (worst CEO on AIM)

Look at the number of interviews or Q&A sessions in last 4 years (NONE).

If you have done all the above, then you will realise why I'd not touch it with a barge pole!!!

Beware of rampers and the Pump and Dump.

That RNS about being DEBT free is of course missing the key point.

Being Debt free is all well and good, BUT they have little to no cash left.

Operating costs are significantly above revenues and the cash is going fast, less than 3 months if you study the latest accounts.

So, you work out what happens next!

They do not have authority to issue enough shares to raise cash to operate another 2 months.

Liquidation is coming, fact, there's no magic bullet from the hard up Labour Gov.

UKEn will not build anything as they do not have credibility that the government would be requiring for a large investment project.

You are talking a need of £1 billion+ in investment, that kind of money would only be invested by a Government into a company which matches the eligibility criteria for such investment. Would you give Del Boy Trotter £1 billion to setup an international trading business??? Same applies in this situation, if it were BT or RDS, a big player operating with all the appropriate governance processes in place, with the staffing and experience to deliver large projects, then yes it would be possible. But you are talking about UKOG, led by SS (worst CEO on AIM) with no experience in Hydrogen storage and no staffing to make it happen.

The fact that they have their paws on a salt cavern is therefore of no significance.

UKOG will go into liquidation, the salt cavern will be sold off, and if it is a big player, then yes an option for development in the next 20 years. But let's be clear, it's a 20 year project, huge costs, and NO REVENUE until complete. NO go work out the benefits for a small time AIM oil and gas company that will fold in the near future!!!

It is immoral of UKOG and the CEO to lay claims to anything that is deliverable on their part, it's complete nonsense and those of us with a few brain cells between our ears know that!

Re-posting from earlier, this is really important, as UKOG and their CEO will not comment on a strategy, schedule or funding requirements, not will the CEO inform the market about just how low the cash is:

In order to be successful in the forthcoming H2 storage allocation round you will need a H2 transport (pipeline) cohort or your application will be sifted out, see “transport and storage cohort assessment stage” in the gov doc:

https://www.gov.uk/government/consultations/hydrogen-storage-business-model-market-engagement-on-the-first-allocation-round

#UKOG’s only hope of such a partner was SGN, but judging by SGN’s LoS it does not have any plans to bid in the forthcoming H2 Transport Allocation round, effectively killing UKOG’s chances of being successful.

The two successful bidders will be HyNet in the NW and the Humber Cluster. They are industrial & CCUS clusters and already have planning applications well under way.

https://medium.com/@h2_happenings/does-ukogs-portland-hydrogen-storage-scheme-make-sense-d317f305bb67

Consider SYN if you fancy a medium-high risk junior oiler AIM stock for a small

NOSEDIVE. It's going to bomb, as you were all told. Golden rule with UKOG, if you are sat on a profit then take it, however small, take it. Because this company has a track record of lying/misleading and scamming the market for funds to pay for the CEO and his mates to have a lovely lifestyle.

0.014s by 10th Aug.

Or MMs not wanting stock as they know the DUMP is coming and they don't want to sit on a massive loss. They are scared to hold any volume as it's going to drop like a stone. You should really look at both sides of the story.

To supply them with all the energy that they need for the next 1,000 years..

That is of course FAKE news, but so is the Labour Gov being tagged by UKOG in a vain effort to raise the SP.

Well the CEO of UKOG ran out of plausible options to raise cash, and he wants his lifestyle salary paid! So the CEO tags the Lab gov on a complete piece of "never gonna happen" concept, and the RAMP squad jump all over it like a fat bloke on free pork scratchings and pies.

Wait for the DUMP, as there is no chance of UKOG getting any government funding and they don't have enough cash to make it to November. Check their account filings, they are losing cash at a huge rate of knots and would need an EGM to request permission to issue more confetti for a placing. But trust me, the moment the CEO can get a placing away he will.

Please note, the CEO has raised over £100 million through placings over the last 6+ years and delivered zero success. A dodgy salt cavern and a mickey mouse tweet is not worth sh!.te

As informed (not predicted)... When UKGO drops, it drops fast. OUCH!!!

.... discovered a cavern full of giant diamonds of the purest quality known to man.

That would have as much credibility as the CEO tweeting FAKE NEWS about the lifestyle company getting a link up with the Hard up labour government....

Seriously, the pump is all on FAKE news. Just wait for the DUMP, it will come and it will be very quick, especially as the company has insufficient cash to pay the CEO for 3 months and they would need an EGM to ask for permission to grant more confetti.

VERY TRUE.

If you are on a profit, get out before the dump, because when this falls it's going to drop back below 0.015 quicker than a Tory rat up a drainpipe

Why? The company has no assets, is losing cash and needs to place just to pay the CEO!!!! Why would it's MCAP be £20million when it's only half decent asset is producing 30 barrels of oil a day and losing £100,000's to operate each month!

The true value of UKOG is £1, and that would be to asset strip it. Sell HH equipment, pay the £1million to plug and abandon it's BB site, and then sell it's salt cavern which is not even good enough to age cheese in.

Oktane, you cannot read! The SP is unmerited, I did not challenge it's increase! I simply call out the facts, check the company accounts, check the cash burn rate, try finding an interview with the CEO!!!!

CASH = Nearly gone and they need an EGM to request more shares to cover a placing.

There is no knight in silver armour coming over the hill to rescue the company. Labour certainly will not invest when they have costs to sort out. The statement by Exchequer today pours more cold water on the UKOG investment case than before.

SP makes no odds. UKOG have NO CASH, they have no assets of any value and a CEO that should be behind bars.

The cash position is terrible, and they'll need a load of cash to keep operating.

P.S. They only operate to fund the lifestyles of the Board, they do not have any real investment or development opportunities.

So, as it was before this week, the company is on borrowed time and no amount of mickey mouse ramping on this board will change that.

Delisting is coming and only an absolute muppet would play in the UKOG Casino where the only winner is the CEO.