George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Deltavegatheta
I'm not sure if we can attribute all these to YA but I suspect most 20k and above are. Theses are for April so far.
30,000,000
30,000,000
25,000,000
20,000,000
41,901,696
10,000,000
20,000,000
20,368,491
25,000,000
48,098,304
61,094,509
25,000,000
25,000,000
30,000,000
30,000,000
28,870,773
15,000,000
I reckon UKOG are stringing out the AGM so they can use the outstanding number of shares they can issue to pay off YA as they will certainly have to go cap in hand at the AGM to go for another similar amount to keep the lights on.
As for Portland they are still awaiting the results of the Incinerator appeal that was carried out last December.
There are still Planning applications outstanding at Loxley.
No works have been carried out at HH.
If YA were not dumping shares there would hardly be any trades per day and buying has just about hit 0.
Really does sound like a good company to invest in doesn't it ocelot.
Https://twitter.com/davethedrill1/status/1782344761564696616
Kept very quiet about selling at a loss.
In fact they have all kept quiet about HH appeal this week. Have they been blinded by the light?
Https://www.londonstockexchange.com/news-article/market-news/aim-notice-26-04-2024/16442426
LSE need to update.
About 0.5bn shares sold by YA recently. Will they wait till they have sold them all before next RNS?
cyan
They call them bunnies on Portland. *abbit is an unlucky word on the island.
WG818
Making it up as you go along? You are a typical bottom feeder. Where did you say " I simply pointed out that water disposal in UKOG case costs a fortune and they haven’t paid to sort it out yet,"? £250k is hardly a fortune out of the total cost of sales. I very much doubt if you even invested here.
WG818
Not an apology. Planning was issued and UKOG have not done it. Not my problem. Where did I say it had been done? Why don't you P off back to the ANGS board as their problems have nothing to do with UKOG.
Any of our oil experts care to guess at the present cost of a rig to carry out the works required on HH-2Z or could it be done by a CTU? Unfortunately UKOG have never said what works are actually required but the planned injector is midway between the heel and toe.
WG818
https://planning.surreycc.gov.uk/Planning/Display/SCC%20Ref%202018/0152
"Retention and extension of an existing well site, HH1 and HH2 wells, and vehicular access to allow: the drilling of four new hydrocarbon wells and one water reinjection well; the construction of a process and storage area and tanker loading facility; new boundary fencing; well maintenance workovers and sidetrack drilling; and ancillary development enabling the production of hydrocarbons from six wells, for a period of 25 years."
Looks like YA have already started imo.
17-Apr-24 14:04:39 0.035 25,000,000 Unknown* 0.035 0.04 8,750
16-Apr-24 16:15:48 0.03474 48,098,304 Unknown* 0.035 0.04 16.71k
11-Apr-24 15:46:17 0.045 61,094,509 Unknown* 0.045 0.055 27.49k
11-Apr-24 15:43:53 0.045 25,000,000 Unknown* 0.045 0.05 11.25k
11-Apr-24 14:02:38 0.045 25,000,000 Unknown* 0.045 0.05 11.25k
10-Apr-24 16:24:16 0.045 30,000,000 Unknown* 0.045 0.055 13.50k
09-Apr-24 16:26:50 0.05 30,000,000 Unknown* 0.045 0.05 15.00k
The mugs will keep on buying though.
It would not surprise me if UKOG are using the same company that did all the work back in the early 2000's for Portland Gas. You just need to look at what UKOG have pushed out compared to what was published then. A bit too close for plagiarism for my liking. Could it be that UKOG are being taken for another ride?
"The reduction in the Loan's principal balance from that stated in the Company's 13th March 2024 RNS results from the conversion of the prior tranche of 206,965,282 ordinary shares by the Investors at an average price of approximately 0.054 pence per share."
Nice bit of late reporting by UKOG considering the SP has been down round the ankles for some time. Real shady company imo.
"We were delighted that the North Sea Transition Authority ("NSTA") granted its formal consent for the conversion of Horse Hill-2z into a water reinjection well. With both the Environment Agency and NSTA permissions in hand, UKOG can now further expedite its plans for produced saline formation water reinjection at Horse Hill, removing the need for costly transportation and disposal of produced water at third-party sites. We estimate that the removal of these costs would add around £250,000 net earnings to the Company per year and reduce the field’s carbon footprint."
So why haven't UKOG started? The monitoring ground holes have been drilled. Only thing missing is the money. But is it worth spending over £250k to save around the same amount?