Member Info for Ibug

Friday October 22nd is my guess

Shamed into getting the ducks in order imo.

And yet TH2 has no opinion and is not topping up. Perhaps he has realised that they will need to raise the money for Loxley if they win the appeal due to be decided before xmas.

Surely any of those failing to produce or increase production could cause the SP to drop as sentiment falls? Just look at the SP over the last month on no news.

https://www.google.com/finance/quote/UKOG:LON?window=1M

And Perenco probably has over 100 wells with iGas having the majority of the top 20 fields and probably as many wells as Perenco. It would take some time to calculate them all so I'm not even going to bother. Given the projected program HH will be 3rd for some time to come imo but 2nd place is not yet out of the question. I can't see UKOG getting to 2nd place though.

Councillors urged to refuse Rathlin Energy’s “fundamentally flawed” expansion plans for West Newton

HTTPS://drillordrop.com/2021/09/07/councillors-urged-to-refuse-rathlin-energys-fundamentally-flawed-expansion-plans-for-west-newton/

It's amazing what one extra day in a month can do, two or three less in February/leap years.

HTTps://drillordrop.com/2021/09/06/latest-uk-onshore-oil-production-data-may-2021/

Perenco (Wytch Farm, Wareham and Kimmeridge) and Blackland Park Exploration (Whisby) both increased their share of total onshore oil production in May 2021 over the previous month.
The IGas share continued to fall, down from 13% in March 2021, to 12.6% in April and 12.49% in May.
Europa Oil & Gas and Egdon Resources also saw their shares of total production fall. Europa (West Firsby and Crosby Warren) was down to 0.31% in May, from 0.33% in April. Egdon fell from 0.14% in April to 0.01% in May 2021, with sole production from Fiskerton Airfield.
There were also falls for Onshore Oilfield Services Limited (Farleys Wood), down from 0.05% to 0.04%, and EP UK Investments, down from 0.05% to 0.04% reflecting the fall in production at Humbly Grove.
Angus Energy produced no oil for the 14th consecutive month.

I should add that I am only going on what comes out of the ground. You would need to deduct admin and all the other expenses.

The problem with Loxley is that it is all very well SS bandying around 200,000 homes but he doesn't say what size. Large houses use at least twice as much as small houses. There is no mention of predicted bcf, KWh, Btus, MMscf or tonnes.
I have worked it out and imo SS is being very clever by not divulging real figures. DYOR on that one.

Last 6 months is a good clue until they get the injector well up and running.

Revenue £721k
Other Cost of sales (£544K)

I make that a surplus of £177k for the last 6 months reported. That would have been the six-month period that ended 31 March 2021.

We'll be getting EDF knocking on the door next!

H.I.T.S.
It could be another grey area where companies get an additional 3 months to file if they apply. Ltd companies get 9 months in the first instance which would be June but an additional 3 months would take them to 30 September 2021. We shall see idc.

https://find-and-update.company-information.service.gov.uk/company/08808553/filing-history/MzMxMjE1MDI2OGFkaXF6a2N4/document?format=pdf&download=0

2 months

H.I.T.S.

It has got to the stage where whatever the BoD do someone will kick up. I'm surprised no one has said that if they do buy they would take it as a sign that the BoD were encouraging PI's to buy.

Accounts overdue
Next accounts made up to 30 September 2020
due by 30 June 2021

Last accounts made up to 30 September 2019

https://find-and-update.company-information.service.gov.uk/company/08808553

Joey86
Posts: 3,468
Price: 0.205
No Opinion

No one should buy shares until SS does...6 Sep '20
Let's see how that works out.

Ontheotherhand
Posts: 28
Price: 1.125
Strong Buy

Price rise6 Sep '19
Good evening fellow UKOGgers, well I must say this is encouraging news. We all know something big is due to arrive and soon. September and October will be testing but also life changing times for those invested. I’ve been here since April 2015, and have quite a chink in here. I’ve always believed in UKOG and her intentions. Timing is always key, and our time is very nearly here. Come October this share price will be 4 fold (in my opinion) I have watched, I have been happy, excited but mainly frustrated, but now it seems like all this waiting has finally paid off. Before investing here I read an interesting book called “Ouch” written by Paul Knott. Very good book offering some very good advice. Anyway all I want to say is “Keep the faith” and you will be rewarded. Come on.....

It is not exactly rocket science to work out what is going on with wages looking at the last 2 financial reports. No surprises for me when the next Annual Report comes out.

Administrative expenses 30 Sep 2020 (1,755) 30 Sep 2019 (3,939)

Administrative expenses 6 months 31 March 2021 (915) 6 months 31 March 2020 (715)

SS would never have said that. Underdeveloped is one word.

theluckyone
No doubt if you had provided some figures/facts to back up your prediction they would prove to be unbelievable in more ways than one!

With over 16bn shares in issue which commodity will cause this re-rate?
1) oil
2) gas
3) stupidity

imo many are still living in the past when we only had 3-5bn shares in issue.