Member Info for E_AL

Another top up for me 117K shares @ 8.375 09:04

Its what I call a good bargain !

I am puzzled here !! Did they really need to post a blast from the past details irrelevant to Tern as an RNS while the stock is just about to recover from a very bad plunge ??

A very smart move in my opinion as it boost the confidence of the investors in the company's management team !

No news or RNS expected within today or tomorrow so imo it will close around 2.3 if we are lucky.

Saying that, I'd like to believe that most of the people who made money yesterday from Angus & Alba gains will reinvest their profit in UKOG.

NO RNS before mid or end of next week (Too early for another RNS) so I think we'll see a trading pattern similar to the one we saw yesterday. I'd say the SP for today will stay within the 2.45 - 2.3 zone

I guess this order had the highest trade commission cost per share in the history of London exchange ! ha

Date : 20-Jul-18
Time 08:02:59

Trade price : 2.30
Volume : 4
Value : 0.09

Buy :
Date : 17-Jul-18 Time : 13:14:36
Price : 2.549 Vol: 3,922,599 Cost: 99.99k

I am being sarcastic mate ...Some people kept moaning on here for days about a possible suspension ;)

"Provided that the Resolution is duly passed at the General Meeting, trading in the Existing Ordinary Shares will be cancelled at 4.30 p.m. on 31 July 2018 and it is expected that the Shares will be readmitted to trading on AIM the following day at 8.00 a.m. on 1 August 2018.

It is also proposed that the Company will change its name to UK Oil & Gas Plc with effect from Admission."

I thought they said there wont be share trading suspension !!

Not the expected RNS .............

More selling that buying today, both trades and volumes ......

However, the SP is not bouncing back for some strange reason. Since a couple of weeks ago and until mid day yesterday it was completely the opposite, we had waves of positive trades and the SP barely go up by 0.05 and with few low volumes sells the SP slip down to around 2p

West Sussex County Council granted a year’s extension until 15 September 2018. But this was not enough, UKOG said in its new application:

“In spite of the Applicant’s best efforts to act expeditiously, it has become clear that the technical well review process will not be completed within the consented timeframe.”

UK Oil and Gas (UKOG) is seeking to postpone a decision on what to do with its site at Broadford Bridge until it has analysed information from the Horse Hill site near Gatwick.

UKOG has submitted two applications to West Sussex County Council to extend the planning permission for both the site and surrounding fencing, gates and cabins.

Public consultations run until 26 July 2018. The earliest the council’s planning committee is likely to decide the application is 11 September 2018.

Nice !

Buy : Date : 9-Jul-18 time : 09:03:32 Price : 2.135 2,000,000 shares value : 42.70k

Just now ! (UKOG Live RNS)

Corporate Update: Change of AIM Trading Status
Mon, 9th Jul 2018 07:00
RNS Number : 9367T
UK Oil & Gas Investments PLC
09 July 2018
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UK Oil & Gas Investments PLC

("UKOG" or the "Company")

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Corporate Update: Change of AIM Trading Status

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UK Oil & Gas Investments PLC (London AIM: UKOG) is pleased to announce that it intends to change its trading status under AIM rules from an Investing Company to that of an Operating Company. The change of status will be implemented following publication of an admission document and obtaining the requisite shareholder consent. The Company expects to publish the related status-change circular and admission document before the end of July 2018.

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Under the new AIM Operating Company status, the Company will be able to take direct controlling operated interests in oil and gas exploration, appraisal and production assets and generally conduct its business with fewer restrictions than an Investing Company. Following the status change, UKOG's current investing policy will cease.

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Stephen Sanderson, UKOG's Executive Chairman commented:

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"The trading status change is an essential forward step in the Company's evolution. The new status  will enable UKOG to take direct controlling and operated interests in existing assets and in any future acquisitions."

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PEDL233 Licence Update

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As previously reported in the Company's unaudited results for the six-month period ended 31 March 2018, we highlighted that the initial term on PEDL233 was set to expire on 30 June 2018. The Oil and Gas Authority has now confirmed the licence has now lapsed.

Concerns had been raised that test drilling at Horse Hill by energy firm UKOG had caused the tremors, but Mr Galloway said the Oil and Gas Authority (OGA) had told the BGS no test drilling had taken place.

The BGS said the calculated epicentres for the earthquakes were about 4.5km (2.7 miles) from the Horse Hill well and scientists took the step of contacting OGA on 28 June.

An OGA spokesman said: "No flow testing operations are currently taking place at the Horse Hill drilling site."

UKOG's executive chairman, Stephen Sanderson, said there had been no subsurface activity at Horse Hill since March 2016.

He said: "We are currently preparing to conduct a flow test using a crane. No flow has yet taken place. We are not drilling and operations utilise a crane not a drill rig.

"We should stress that the work we are planning has the same seismic impact as any type of construction work requiring the use of such a crane."

Mr Sanderson added: "We would also like to point out that there was no recorded seismicity associated with our 2014 drilling and 2016 flow testing, nor are we aware that any of the other 80 plus wells drilled or flowed in the Weald are associated with any seismicity.

"Furthermore as the BGS have stated, the source of this seismicity is related to a deep-seated basement fault at around 5.5km below surface, 4.5km deeper than our activities at Horse Hill."

10:10am (5 JUly)

• Stephen Sanderson, Chief Executive, UK Oil and Gas Investments (confirmed)
"The Kimmeridge Story: Horse Hill and Beyond"
An overview of the Kimmeridge Limestone oil resource; what it is, why it’s of importance and what’s needed for success.

https://openforumevents.co.uk/events/2018/the-third-uk-onshore-oil-and-gas-summit/

Any thoughts about the strange selling out this morning ? Unless something was leaked about today's presentation, I think the presentations should increase the confidence of the investors and the UK O&G sector about the about HH project and very likely to increase the SP !

No reason for the wave of sells few minutes ago ........

I think the SS will climb back up this morning after the presentation :

10:10 (5 July)
• Stephen Sanderson, Chief Executive, UK Oil and Gas Investments (confirmed)
"The Kimmeridge Story: Horse Hill and Beyond"
An overview of the Kimmeridge Limestone oil resource; what it is, why it’s of importance and what’s needed for success.

https://openforumevents.co.uk/events/2018/the-third-uk-onshore-oil-and-gas-summit/

No reason for the wave of sells few minutes ago ........

I think the SS will climb back up this morning after the presentation :

10:10 (5 July)
• Stephen Sanderson, Chief Executive, UK Oil and Gas Investments (confirmed)
"The Kimmeridge Story: Horse Hill and Beyond"
An overview of the Kimmeridge Limestone oil resource; what it is, why it’s of importance and what’s needed for success.

https://openforumevents.co.uk/events/2018/the-third-uk-onshore-oil-and-gas-summit/