Member Info for deltavegatheta

So without the EBT chicanery they would of only got around 60% for each motion and the two special resolutions would of FAILED!

i suspect the two 0.5m tranches are no dead as ukog failed to meet the conditions of the agreement.

rf/ya must be mega****ed off following the 10% ebt voting move.

what large investor would put money into a company were their voting rights are essentially null & void, and ukog can pass whatever resolutions it wants via the ebt.

Cuttingoutfat,

There is a lot of difference between UKOG announcing something and things actually happening.

If everything they announced came to pass UKOG would be FTSE100 company by now, instead they are down more than 99%

Just study what happened to UOG today for a preview of what happens next.

UOG issued new shares representing 76% of the equity and the stock closed down 38%.

UOG makes an operating profit, UKOG turns in a heavy operating loss.

I found this notice confirming that 3 billion new shares were admitted this morning:

https://www.londonstockexchange.com/news-article/market-news/aim-notice-27-02-2024/16350607

If anyone wants to see what UKOG will look the day after details of the fund raising are announced, just take a look at UOG today, down 40%!

If you don’t take note, close your eyes and hold, then I’m afraid you deserve what you will get left with (spoiler: not a lot)

SS is currently preparing to bid for millions of pounds of tax payers money to fund UKEn

It's ukenergystorage.co.uk

The plan seems to be to separate out UK Energy Storage, it has a separate website and on Linkedin SS gives himself two job titles, CEO of UKOG and CEO of UKEn.

So they may still get a chance to participate in SS's next £1billion fund raising.

At the AGM only 600,000 votes were cast, so unless this time they get off their behinds, it really just RP/YA vs EBT

RiverPort/UA have bought more than 4b shares since June, if they still hold them they could still out gun the EBT.

The marcap is around £2m not £200k, cancelling the consolidation at the last minute has screwed up the reference data some websites are using, which can’t help trading. Someone said that HSBC has suspended orders until the consolidation is complete, which is understandable.

Agreed it’s only a question of when not if UKOG goes pop.

The LSE members trading fees will be a few pence.

The market makers are probably testing each other out to see where the price is.

Remember the RSP brokers can’t see each other’s quotes without requesting a two-way quote prior to making a trade.

Penguins,

"Like Godot water injection - such an easy win if it works - never arrives:-"

I agree, the point of the two quotes was how it went from H2z producing thousands of barrels of oil a day, to producing only water, but that didn't stop SS from continuing to hype it.

"The Portland's continued excellent production performance, particularly from a non-optimised vertical well, provides building confidence that the previously reported 720-1,080 bopd horizontal well production targets are increasingly attainable. The recent rig-tender exercise also means we remain fully on track to begin the first horizontals in Spring, with long term production testing of both wells planned to follow directly afterwards."

Stephen Sanderson. Mar 2019

"We look forward to the conversion of HH-2z into a water injector in the Spring."

Stephen Sanderson, Jan 2021

Judging by the number of trade corrections going through the back office systems seem to be struggling with all the decimal places in UKOG's SP.

Looks like they haven't seem a SP this small for a while.

If they had waited until after the GM to re-stock the EBT then the trust's loss would of been avoided.

The new notice of the GM just published states:

"The Company, pursuant to regulation 41 of The Uncertificated Securities Regulations 2001, specifies that only those ordinary shareholders registered in the register of members of the Company 48 hours before the meeting, being 11:00 a.m. 14 February 2024 shall be entitled to attend or vote at the meeting in respect of the number of Ordinary Shares registered in their name at that time. Changes to entries on the relevant register of securities after that time will be disregarded in determining the rights of any person to attend or vote at the meeting."

The EBT shares weren't even created until yesterday, so they can't vote!

I wonder if it has to be that way or they forgot to update the date to Feb 28th in the new notice?

If any one wants a point of order to delay the meeting they haven't complied with article 65 of their Articles of Association:

"at least seven clear days’ notice of the adjourned meeting shall be given"

From Practical Law:

"in the context of the minimum notice period required to be given for a company's general meeting, references in the relevant sections of the Companies Act 2006 (CA 2006) are to clear days, that is, when calculating the specified notice period, the day of the meeting and the day that the notice is given are excluded"

So they can't count today and they can't count March 1st, that makes six clear days, not seven.

They should of been able to answer those questions about the B shares in the meeting, it certainly shouldn't of taken a week!

Statement confirms that UKOG had breached its obligations under the RiverFort/UA fund raising deal.

I think they have fallen out with RP/UA and that they were going to vote against the resolutions.

We will be able to see if the 3b new shares was a voting ploy or not if they publish the votes for/against. If they don't publish the counts then we can assume it was.