Member Info for Ibug

52 Week Low 0.01075

52 Week Low Date 03-Mar-2025

Sam12345

Over £2m a year to cover employees wages etc. works out at nearly £200k a month. Not too difficult to work out far any raise goes. The problem is what coloured tinted glasses you are wearing.

SCC new last December.

7. The assessment must include all crude oil and associated natural gas produced at

the well site to date. Based on data for Horse Hill sourced from the North Sea

Transition Authority’s Petroleum Production Reporting System it is our

understanding that between March 2020 and September 2024 a total of 15,830.4

tonnes of crude oil and of 471.7 tonnes of natural gas had been extracted (see

Table 1 below).

3

Table 1: Reported crude oil and natural gas production at Horse Hill Well Site – March 2020

to September 2024

Year Oil Production Mass

(tonnes)

Associated Gas

Production Mass (tonnes)

2020 5477.0 167.3

2021 4112.4 96.1

2022 2494.0 77.2

2023 2499.1 81.7

2024 1247.9 49.3

Total 15,830.4 471.7

Only income now is about £140k net a year from Horndean. Begging bowls out again soon.

OBJECTID 118710

Field Name HORSE HILL

Field Region LAND

Onshore, Offshore Flag Onshore

Operator Organisation Group UK OIL & GAS PLC

Reporting Unit Name HORSE HILL

Reporting Unit Type Code T

Reporting Unit Type Description Onshore Oil Field

Reporting Period in yyyymm Format 202412

Reporting Period Year 2024

Reporting Period Month 12

Reporting Period Month Name December

Reporting Period Date 15/12/2024, 00:00

Oil Production - Mass (tonnes) 0.000000

Oil Production - Volume (m3) 0.000000

Oil Production - Volume (mb/d) 0.000000

Oil Production - Density (Kg/m3) 0.000000

Associated Gas Production - Mass (tonnes) 0.000000

Associated Gas Production - Volume (Ksm3) 0.000000

Associated Gas Production - Volume (MMscf/d) 0.000000

Associated Gas Production - Density (Kg/sm3) 0.000000

Dry Gas Production - Mass (tonnes) 0.000000

Dry Gas Production - Volume (Ksm3) 0.000000

Dry Gas Production - Volume (MMscf/d) 0.000000

Dry Gas Production - Density (Kg/sm3) 0.000000

Gas Condensate - Mass (tonnes) 0.000000

Gas Condensate - Volume (m3) 0.000000

Gas Condensate - Volume (mb/d) 0.000000

Gas Condensate - Density (Kg/m3) 0.000000

Gas Injected - CV (MJ/sm3) ‎0

Gas Injected - Volume (Ksm3) ‎0

Gas Flared - Volume (Ksm3) 0.000000

Gas Flared - Density (Kg/sm3) 0.000000

Gas Flared - Non Hydrocarbon (%) 0.000000

Gas Vented - Volume (Ksm3) 0.000000

Gas Vented - Density (Kg/sm3) 0.000000

Gas Vented - Non Hydrocarbon (%) 0.000000

Injected Water - Volume (m3) 0.000000

Injected Water - Volume (mb/d) 0.000000

Produced Water - Volume (m3) 0.000000

Produced Water - Volume (mb/d) 0.000000

Reinjected Produced Water - Volume (m3) 0.000000

Gas to Pipeline - CV (MJ/sm3) 0.000000

Gas to Pipeline - Volume (Ksm3) 0.000000

Gas to Pipeline - Volume (MMscf/d) 0.000000

Gas to Pipeline - Density (Kg/sm3) 0.000000

UKOG

@UKOGlistedonAIM

·

14h

UKEn: Encouraging to hear that despite BP decision to significantly reduce its energy transition budget, company will continue “to selectively invest in hydrogen”, pushing forward with key projects and maintain a "focused investment" in hydrogen. #hydrogen #Ed_Miliband #LabourSJ

UKOG

@UKOGlistedonAIM

·

14h

UK ENERGY STORAGE: Encouraging to hear that despite BP decision to significantly reduce its energy transition budget, company will continue “to selectively invest in hydrogen”, pushing forward with key projects and maintain a "focused investment" in hydrogen technologies.

UKOG

@UKOGlistedonAIM

Resulted in;

over $5bn p.a. lower than previous guidance

cull from around 30 projects to between just five and seven “prioritised projects”

52 Week Low 0.01125

52 Week Low Date 28-Feb-2025

TH2

Feel like falling on our sword?

Recent Share Trades for UK Oil & Gas (UKOG)

Date Time Trade Prc Volume Buy/Sell Bid Ask Value

28-Feb-25 11:13:46 0.0116 163,922 Sell* 0.0115 0.012 19.01 O

28-Feb-25 11:02:20 0.0115 4,000,000 Sell* 0.0115 0.012 460.00 O

28-Feb-25 10:59:31 0.0116 4,379,741 Sell* 0.0115 0.012 508.05 O

28-Feb-25 10:47:50 0.0116 4,374,827 Sell* 0.0115 0.012 507.48 O

28-Feb-25 10:47:00 0.0116 4,375,259 Sell* 0.0115 0.012 507.53 O

28-Feb-25 10:46:07 0.0116 4,375,259 Sell* 0.0115 0.012 507.53 O

28-Feb-25 09:37:44 0.0116 1,000,000 Sell* 0.0115 0.012 116.00 O

28-Feb-25 09:25:38 0.0116 1,000,000 Sell* 0.0115 0.012 116.00 O

28-Feb-25 09:16:39 0.0116 142,327 Sell* 0.0115 0.012 16.51 O

28-Feb-25 08:44:49 0.0116 353,448 Sell* 0.0115 0.012 41.00 O

28-Feb-25 08:33:25 0.0116 86,206 Sell* 0.0115 0.012 10.00 O

28-Feb-25 08:14:32 0.012 1,000 Buy* 0.0115 0.012 0.12 O

TH2 Showing your ignorance yet again.

https://www.lse.co.uk/ShareChart.html?sharechart=UKOG&share=UK-Oil--Gas tells the story far better than you ever could.

Not got anything good to say about CB7. That's because there is nothing good to say about CB7. In fact not one of the rampers has said anything about it.

As for HH. Silence is not golden.

It's a NO all round.

PS

I forgot this bit.

"Ensure rapid development of hydrogen infrastructure (including storage and networks). This has long lead-times and therefore low-regret developments need to be fast-tracked in order to be available in the 2030s."

No date for site clearance + council seeks new details

The operator of unlawful oil production at Horse Hill in Surrey has not given a date when equipment will be removed from the site. The company has also not acknowledged a formal request for more information on its operation.

Planning permission for the site near Horley was quashed by the Supreme Court more than 250 days ago in a landmark climate judgement.

The court ruled that the permission unlawfully failed to take account of greenhouse gas emissions from burning the Horse Hill oil.

The decision must now be reconsidered by Surrey County Council if Horse Hill is to continue production. But before that can happen Horse Hill Developments Limited (HHDL) must provide new information to officials. It must also revise the site’s environmental statement, a detailed assessment of environmental impacts.

The council sent the company a regulation 25 request for the information more than two months ago.

It emerged today that HHDL and its parent company, UK Oil & Gas plc (UKOG), have not responded to the request.

FULL story here;

https://drillordrop.com/2025/02/26/horse-hill-update-no-date-for-site-clearance-council-seeks-new-details/

UKOG

@UKOGlistedonAIM

·

15h

UKEn concurs with CCC message that “Govt should fast-track hydrogen infrastructure development, including networks and storage ... investments have long lead-times and action will need to start soon." UKEn is ready to play its part. #hydrogen #ukLabour #Ed_Miliband #LabourSJ

UKOG

@UKOGlistedonAIM

·

15h

UKEn: CCC’s recognition of important role of long-term hydrogen storage envisages storage to be “primarily provided by salt caverns” such as UKEn’s planned South Dorset and Yorkshire projects. #hydrogen #ukLabour #Ed_Miliband #LabourSJ

UKOG

@UKOGlistedonAIM

·

What it actually said is "Government should fast-track low-regret hydrogen infrastructure development, including networks and storage. These investments have long lead-times and action will need to start soon to enable them to be available from the 2030s."

UKOG

@UKOGlistedonAIM

·

45m

UKEn concurs with CCC message that “Govt should fast-track hydrogen infrastructure development, including networks and storage ... investments have long lead-times and action will need to start soon." UKEn is ready to play its part. #hydrogen #ukLabour #Ed_Miliband #LabourSJ

UKOG

@UKOGlistedonAIM

·

50m

UKEn concurs with CCC message that “Govt should fast-track hydrogen infrastructure development, including networks and storage ... investments have long lead-times and action will need to start soon to enable them to be available from the 2030s”. UKEn is ready to play its part.

Not sure where those quotes came from. Anyone?

Steep fall in oil and gas use needed to cut emissions, says climate advisor

The UK must swap oil and gas for clean electricity to meet its next set of carbon reduction targets, the government’s climate advisor said today.

https://drillordrop.com/2025/02/26/steep-fall-in-oil-and-gas-use-needed-to-cut-emissions-says-climate-advisor/

Even Miss Green herself does not mention hydrogen

And not a lot of them are any use to UKOG.

"Hydrogen: by 2040, our Balanced Pathway sees hydrogen play a small but important role, particularly in industrial sectors such as ceramics and chemical production which may find it hard to electrify. Hydrogen also has an important role within the electricity supply sector as a source of long-term storable energy that can be dispatched when needed and as a feedstock for synthetic fuels. However, we see no role for hydrogen in buildings heating and only a very niche, if any, role in surface transport."

From the Telegraph:

"Burning hydrogen to heat millions of homes would be a waste of Britain’s stretched resources, the Government’s independent climate advisers are poised to tell ministers.

In the latest “carbon budget” expected this Tuesday, the powerful Climate Change Committee (CCC) will urge Ed Miliband, the Energy Secretary, to drop proposals for hydrogen to be used as a replacement for natural gas in domestic heating.

The committee is expected to echo long-running concerns about the energy-intensive nature of making hydrogen via electrolysis, arguing that doing so at a large enough scale to supply households would drive up the already vast cost of net zero."

https://www.telegraph.co.uk/business/2025/02/23/hydrogen-boilers-waste-of-time-climate-change-committee/

Must be worth about £1495 now.

Really?

Directors Deals for UK Oil & Gas (UKOG)

Announced Traded Action Notifier Price Currency Amount Holding

01-Dec-22 30-Nov-22 Buy Stephen (Steve) Sanderson 0.06 GBX 1,587,301 12,457,310

08-Nov-22 31-Oct-22 Buy Stephen (Steve) Sanderson 0.07 GBX 1,522,070 10,870,009

06-Oct-22 30-Sep-22 Buy Stephen (Steve) Sanderson 0.08 GBX 1,314,060 9,347,939

30-Aug-22 26-Aug-22 Buy Stephen (Steve) Sanderson 0.09 GBX 1,142,857 8,033,879

25-Jul-22 22-Jul-22 Buy Stephen (Steve) Sanderson 10.61 GBX 942,507 6,891,022

27-Jun-22 24-Jun-22 Buy Stephen (Steve) Sanderson 0.12 GBX 811,688 5,948,515

23-May-22 20-May-22 Buy Stephen (Steve) Sanderson 0.12 GBX 800,640 5,136,827

25-Apr-22 22-Apr-22 Buy Stephen (Steve) Sanderson 0.12 GBX 865,800 4,336,187

18-Mar-22 18-Mar-22 Buy Stephen (Steve) Sanderson 0.12 GBX 814,332 3,470,387

21-Feb-22 18-Feb-22 Buy Stephen (Steve) Sanderson 0.15 GBX 680,735 2,656,055

24-Jan-22 21-Jan-22 Buy Stephen (Steve) Sanderson 0.10 GBX 990,099 1,975,320

17-Dec-21 16-Dec-21 Buy Stephen (Steve) Sanderson 0.10 GBX 985,221 985,221

Market Capitalisation £1.53m

https://www.lse.co.uk/SharePrice.html?shareprice=UKOG&share=UK-Oil--Gas