The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
"All Investor share transactions are subject to:
路 an orderly market provision that provides that the maximum number of shares which can be traded by the Investors or any of their affiliates in any calendar month shall be such number of shares which is equal to twenty (20) per cent of the number of shares of the Company that have traded during the previous calendar month (as confirmed by the reports available by Bloomberg or their equivalent);
路 neither the Investors nor any of their affiliates shall hold any net short position with respect to the equity of UKOG during the Loan term; and
路 Investors will exercise any share voting rights in support of any resolutions proposed by the Company."
I'm not sure they will pay off the first 拢2m given the low trades other than the ones made by YA before the AGM when they will have to go cap in hand to shareholders for the right to issue more.
The only question is will they do a placing to pay for HH-2Z and funds to keep the lights on before the AGM.
Oh Adrian
You can only tell porkies can't you, never the truth. They can only drill another 4 wells and one of those will only give them less than 50% if the deal with PPP ever goes through which is highly unlikely.
Pboo
7,366 posts about O&G. Complete ignorance, serial loser and personal attacks on any one who says it as it is. You keep saying you are not invested here but we all know you have taken a big hit from 8p all the way down to what it is today. You really are a sore loser. Think it is you that needs to get a life.
13 Mar 2024 09:29
Future conversion of these Equity Shares by the Investors will further reduce the principal balance of the 拢2 million gross first cash sum received below the prior 拢0.66 million figure announced on 23 January 2024.
Anyone care to guess when the next "Loan Reduction via Equity Share Subscription" will be given that YA are getting through about 155m shares a week?
Https://www.supremecourt.uk/news/future-judgments.html
Should have checked the website myself rather than believe ocelot.
All those "slugs" of water are very promising. Makes me wonder why it has taken so long to do anything there.
2018 "the company said it had encountered unexpected water and ran out of time to do more than two tests because equipment had failed........
In a statement to investors, Angus said this morning it believed it could isolate the water-producing zone and establish commercial production at the Balcombe well under normal pumped conditions."
They have been slugging it out ever since.
Sound familiar?
UKOG
@UKOGlistedonAIM
HORSE HILL LATEST: UKOG planning a downhole pump changeout and scale removal programme to enhance oil production from HH-1. Further updates to follow.
12:52 PM 路 Feb 12, 2024
路
2,330
Views
https://twitter.com/UKOGlistedonAIM/status/1757024776575435197
There is no reason whatsoever that the Court case effects the planned work so why hasn't it been carried out? The mugs can shout all they like about Finch and the Court case but UKOG even said themselves that permissions were in place to carry out work on the HH-2Z re-injector. They just don't have the cash to do it.
With 10m+ shares and over 拢5k in the pot Adrian must be worried. YA dropping the odd 30m shares at the end of the day at 0.045 won't be doing his 0.0594 punt any favours. Over a grand down if he tries to sell. And they wonder why he gets called a mug punter.
Click on the 1m tab and not even 2% of issue traded per day since consolidation.
https://www.lse.co.uk/ShareChart.html?sharechart=UKOG&share=Uk-Oil--Gas