Member Info for Ibug

It was in the interims.

There is evidence from recent RNS's that the BoD have taken pay cuts so under 25% imo.

No.

They don't like it up them do they?

SR
I answered you last time but like so many of my posts it was taken down by the trolls. Just like my posts about SS buys last Friday, they mysteriously disappeared.

SR
So why ask?

The 3 outstanding applications for HH are;

Our Reference
SCC Ref 2022/0052
Application Number
RE22/01635/CON
Application Type
Details Pursuant Minerals/Waste
Status
Consultation
Decision
Location
Horse Hill Well Site, Horse Hill, Hookwood, Horley, Surrey, RH6 0HN
Proposal
Details of a Construction Environment Management Plan (CEMP) submitted pursuant to Condition 19 of planning permission ref: RE18/02667/CON dated 27 September 2019 (as amended by non-material amendment...

Our Reference
SCC Ref 2022/0093
Application Number
SCR/22/04
Application Type
Screening Opinion
Status
Opinion Issued
Decision
Screening/Scoping Opinion issued
Location
Horse Hill Well Site, Horse Hill, Hookwood, Horley, Surrey RH6 0RB
Proposal
Retrospective Authorisation of amendments to planning permission ref: RE18/02667/CON for hydrocarbon production.

Our Reference
SCC Ref 2020/0018
Application Number
SCC/HSC/2020/0001
Application Type
Hazardous Substances Consent
Status
Consultation
Decision
Location
Horse Hill Well Site, Horse Hill, Hookwood, Horley, RH6 0RB
Proposal
The storage of crude oil in association with planning permission for retention of the wellsite and production of hydrocarbons.

Council clears way for new application at Cuadrilla’s fracking site – but Horse Hill faces environmental hurdle

................But council planners in Surrey have ruled that proposals at the Horse Hill oil site near Horley should include an updated assessment of environmental impacts.

Horse Hill changes needs environmental update

Full story here;

https://drillordrop.com/2022/07/28/council-clears-way-for-new-application-at-cuadrillas-fracking-site-but-horse-hill-faces-environmental-hurdle/

Our TH2 is a very clever guy. He can spot a troll by the name. Ironically he is called Troll! He is however quite correct. There is no investor potential here. Or at least not until it has bottomed out or they come out with some good news. I'm just not sure which will come first. I'm surprised it has taken him so long to work it out.

More like UKe for United Kingdom Energy given SS grandiose schemes.

Never. Who else would post on a board where the share has been suspended and the company has changed its name. They have taken the oil out of it and called themselves Synergia Energy Limited on ASX. When will UKOG take the oil and gas out of UKOG?

ocelot
Surely you can do better than that? With admin running at over £2m a year and the last 6 monthly being £1.40m surely you should be able to make something up. The £0.9 m for Portland will come in handy.
I take it the TR-1 comment is just a distraction the same as most of the other fishing stories you push out? No flies on you.

Thanks to cyan on another channel;
It has been exactly a year between the last 2 placings.

"Last 5 years fund raises;

19.5.17 £6.5m placing

15.11.17 £10m loan

15.6.18 £5.5m Placing

2.7.18 £5m placing

4.7.18 £2m placing

27.3.19 £3.5m placing

7.8.19 £5.5m loan

2.12.19 £2m placing

28.4. 20 £1.275m placing

4.6.20 £ 4.2m placing

2.10.20 £2.2m placing

5.7.21 £5 m Placing

27.7.21 open offer O.462554 M

27.7.22 Placing £1.25 m

Total £54.387554 Million

circa £11 million a year on average to keep this show on the road.

Not long to wait the next raise which I think will be much larger than today's"

#ukog Glad I sold out yesterday. Must have 6th sense ?????? Will buy back in around the placing price.

10 minutes ago. He must have read my post at 1614. No need to guess who it is. He didn't mention it when he posted "#ikog placing 8.75p" 2 hours ago. It's amazing how quickly his brain works.

He's already had 25% of his last buy. Bet the tweet has been deleted already.

52 Week Low Date today. 3rd time this year.

The pertinent bit is the only bit worth reading. Despite what our resident experts were saying they were already running out of cash. No wonder the mugs were still buying as the SP was dropping.

"Reasons for the Placing and Use of Proceeds

The Company is undertaking the Placing to progress its corporate and operational strategy detailed in its Operational Update of 20th July 2022, consequently the net proceeds will therefore be applied towards:

· Phase 2 seismic acquisition and processing over UKOG's Basur oil discovery in SE Turkiye; and

· For general working capital purposes.

The placing's proceeds will be sufficient to acquire and process the further planned, but previously unbudgeted, Phase 2 seismic over the newly revealed western culmination of the Basur oil discovery (as detailed in the Company's 30th June 2022 Turkiye update) and to help determine if the discovery is best appraised from this new more accessible area via a vertical Basur-4, or from the previously planned more operationally challenging highly-deviated Basur-3 sidetrack.

Upon reaching this next key operational and budgetary decision point, expected by mid Q4 2022, the Company would at this time need to seek further financing for its share of the Basur appraisal well and for working capital purposes to help fund its other significant projects. By their nature, UKOG's other projects have a longer lead time to cash generation than Basur. Drilling success at Basur is anticipated to provide UKOG with additional working capital in H1 2023."

So, nothing happening here. Nothing on HH and nothing on Loxley. No chance of pushing any turds uphill for some time but no doubt some will try.

Will be pushing 0.5p for next placing imo. Not far to the bottom 5.

Share Price
Vela Tech. (VELA) 0.028
Inspirit Energy (INSP) 0.038
Clontarf (CLON) 0.05
Mosman Oil Gas (MSMN) 0.058
Baron Oil (BOIL) 0.07
Mediazest (MDZ) 0.07
Microsaic (MSYS) 0.07
Challenger En (CEG) 0.09
Uk Oil & Gas (UKOG) 0.093
Bezant Res (BZT) 0.1
Malvern Int Plc (MLVN) 0.1
Advance Energy (ADV) 0.105
Kibo Energy (KIBO) 0.11
Sunrise Res (SRES) 0.11
Deepmatter (DMTR) 0.12
Tertiary Minerals (TYM) 0.125
Great Western (GWMO) 0.148

I wouldn't worry too much. No doubt the members of BS will see right through them and send them back to SS.

Not doing so well. Only another 71,000 needed.

https://petition.parliament.uk/petitions/608745

“In due course” – latest on government fracking review

The government will publish the review of scientific evidence on fracking and decide on the next steps “in due course”, the energy minister Greg Hands said this week.

Full story

https://drillordrop.com/2022/07/25/in-due-course-latest-on-government-fracking-review/