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Taverham
You do realise the Portland stone is above where they are going to drill.
https://wessexcoastgeology.soton.ac.uk/gif/portsec.gif
Up to another 500m shares will be need for the final £1m from YA under the original agreement. You only need to look at the trades since consolidation, especially those sold, to realise YA are having problems offloading. It will be clearer after another 2 days on the 1m graph.
https://www.lse.co.uk/ShareChart.html?sharechart=UKOG&share=Uk-Oil--Gas
I can't see YA carrying on once the £3m has been cleared so UKOG will have to find another source of funding.
UK onshore oil and gas production in charts – January 2024
UK onshore gas production rose 6% in January 2024, with the second consecutive monthly increase at the leading field, Saltfleetby.
Full article here:
https://drillordrop.com/2024/04/03/uk-onshore-oil-and-gas-production-in-charts-january-2024/
The newest onshore oil producer, Wressle, saw production increase 39% over the month but total UK onshore oil fell slightly with with a small drop at the biggest field, Wytch Farm.
Opponents celebrate refusal of permission for Broadford Bridge oil site
Campaigners against oil and gas operations across southern England gathered in celebration outside a site which was refused planning permission last week.
Full story here:
https://drillordrop.com/2024/04/02/opponents-celebrate-refusal-of-permission-for-broadford-bridge-oil-site/
Just for Adrian. I know he feels left out if you don't mention them.
"UKOG's net share of Horndean production revenues was £297,000 for calendar year 2023, with net earnings after costs of £140,000." At least they improved unlike Horsehill.
As permitted by section 408 of the Companies Act 2006, the profit and loss account of the parent company has not been separately presented in these accounts. The parent company loss for the year was £16,757,000 (2021: loss £1,716,000).
These financial statements were approved by the Board of Directors on 28 March 2024 and are signed on its behalf by:
Stephen Sanderson Director
Any financial wiz kids out there.
Worse than I thought.
year ended 30 September 2023 £'000 Revenue 1538 Other Cost of sales (1,019) Administrative expenses (3,320)
year ended 30 September 2022 £'000 Revenue 1780 Other Cost of sales (701) Administrative expenses (2,643)
And they also fail to mention the amount ALBA and DOR take out of the pot. Only leaves UKOG with 85%.
They never tell us how much they get from Horndean. In the last set of accounts it was a measly £136,000 net earnings after operating costs.
Revenue of anything less than £1,780,000 will be a reflection on how bad they are doing. Ditto Other Cost of sales over £701k and Administrative expenses over £2,643,000.
Reporting Period Month Name January 44 bopd
Oil Production Mass (tonnes) 181.89
m3 215
Associated gas production mass (tonnes) 5.418
Associated Gas Production Volume (ksm3) 6.088
Gas Flared - Volume (Ksm3) 6.088
Gas Flared - Non Hydrocarbon (%) 4.5
Water production volume (ksm3) 165
Reporting Period Month Name December 45 bopd
Oil Production Mass (tonnes) 188.658
m3 233
Associated gas production mass (tonnes) 6.755
Associated Gas Production Volume (ksm3) 7.59
Gas Flared - Volume (Ksm3) 7.59
Gas Flared - Non Hydrocarbon (%) 4.5
Water production volume (ksm3) 168
Reporting Period Month Name November 44 bopd
Oil Production Mass (tonnes) 176.814
m3 209
Associated gas production mass (tonnes) 6.124
Associated Gas Production Volume (ksm3) 6.881
Gas Flared - Volume (Ksm3) 6.881
Gas Flared - Non Hydrocarbon (%) 4.5
Water production volume (ksm3) 185
Reporting Period Month Name October 45 bopd
Oil Production Mass (tonnes) 187.812
m3 222
Associated gas production mass (tonnes) 7.309
Associated Gas Production Volume (ksm3) 8.212
Gas Flared - Volume (Ksm3) 8.212
Gas Flared - Non Hydrocarbon (%) 4.5
Water production volume (ksm3) 202
Month bopd
Feb 23 57
Mar 23 54
Apr 23 46 Tank washing
May 23 57
Jun 23 56
Jul 23 50
Aug 23 46
Sep 23 48
Oct 23 45
Nov 23 44
Dec 23 45
Jan 24 44
Receipts for January $80.23 x 44 x 31= $108,426
Receipts for December $77.86 x 45 x 31= $108,615
Receipts for November $83.18 x 44 x 30= $109,349
Receipts for October $91.06 x 45 x 31= $127,029
Receipts for September $94.00 x 48 x 30= $135,360
Receipts for August $86.16 x 46 x 31= $122,864
Receipts for July $80.11 x 50 x 31 = $123,957
Receipts for June $74.89 x 56 x 30 = $125,815
Receipts for May $75.70 x 57 x 31 = $132,738
Receipts for Apr $84.11 x 46 x 30 = $115,801
Receipts for March $78.53 x 54 x 31 = $132,451
Receipts for February $82.71 x 57 x 28 = $132,347
Feb 12 2024 "UKOG considering a downhole pump changeout and scale removal programme to enhance oil production from HH-1. Further updates to follow."
I wonder what happened to that workover?
At least we know someone was in the office yesterday.
28 Mar 2024 Consolidation of shares on 5 March 2024
View PDF Consolidation of shares on 5 March 2024 - link opens in a new window - 4 pages(4 pages)
20 Mar 2024 Change of share class name or designation
View PDF Change of share class name or designation - link opens in a new window - 2 pages(2 pages)
15 Mar 2024 Sub-division of shares on 5 March 2024
View PDF Sub-division of shares on 5 March 2024 - link opens in a new window - 4 pages(4 pages)
12 Mar 2024 Statement of capital following an allotment of shares on 27 February 2024
GBP 14,837,846.13269
View PDF Statement of capital following an allotment of shares on 27 February 2024
GBP 14,837,846.13269
- link opens in a new window - 3 pages(3 pages)
08 Mar 2024 Statement of capital following an allotment of shares on 29 January 2024
GBP 14,537,346.13269
View PDF Statement of capital following an allotment of shares on 29 January 2024
GBP 14,537,346.13269
- link opens in a new window - 3 pages(3 pages)
08 Mar 2024 Memorandum and Articles of Association
View PDF Memorandum and Articles of Association - link opens in a new window - 46 pages(46 pages)
08 Mar 2024 Resolutions
Resolution of allotment of securities
Resolution of adoption of Articles of Association
Resolution of removal of pre-emption rights
Sub-division 05/03/2024
View PDF Resolutions
Resolution of allotment of securities
Resolution of adoption of Articles of Association
Resolution of removal of pre-emption rights
Sub-division 05/03/2024
- link opens in a new window - 2 pages(2 pages)
Balancedviewer
So yet another s***stirrer who comes onto a BB where they have no interest. We certainly get our fair share on here. Why not call the Samaritans. They have trained people who will actually listen to you.
More like acute oak decline.
https://www.google.com/finance/quote/UKOG:LON?window=5Y
"unbalancedviewer" is a more appropriate name given the fact that your posts are not at all balanced. Why should I reply to someone who hardly ever visits this board when most on here know full well if I hold shares here or not. You really do know how to pick shares to invest in. In my view you are totally unbalanced. You are not even worth stalking. Best to do your research before looking and sounding stupid.
Turns out they have had 5 bites at the cherry to raise cash in the last 4 years.
23 February 2024
Resolutions 3 and 5 are being proposed at the Reconvened GM to allow the Company to raise funds this year to deliver its stated strategy and growth objectives, which include progressing both the material Loxley gas development and the strategic Portland hydrogen storage project, one of the largest planned in the UK. Failure to carry resolutions 3 and 5 will, therefore, mean that the Company will not be able to fully implement its operational and growth strategy.
01 February 2024
In the light of the recent successful Court of Appeal decision upholding the Company's planning consent to drill and test the discovered Loxley gas deposit, the Company now aims, subject to further funding, to commence the planned Loxley-1 appraisal programme in the second half of 2024. Certain costs associated with the discharge of pre-commencement planning conditions will also need to be funded.
28 June 2023
The funds will fully fund working capital necessary to progress the Company's key planned activities over the next 12 months, which include:
· Loxley gas discovery: discharge of planning conditions and preparations for site construction, plus a potential farmout to cover the planned appraisal and development programme,
09 July 2021
Open Offer of up to 2,643,429,529 Open Offer Shares at £0.0018 per share
In addition, within its UK portfolio, the Company also plans to fund regulatory works at Horse Hill, ongoing licence obligations and work related to the planning applications to drill at its Loxley and Isle of Wight sites, together with costs related to developing new geothermal projects at its sites and elsewhere.
04 June 2020
Raised £4.2 million at 0.2 pence per share to provide funding for the above and other key activities. To include preparations for work at the Loxley Portland gas appraisal well site, if planning approval is granted on 29 June, and follow-up of the Arreton, Isle of Wight planning application. Placing details are provided below.
Https://drillordrop.com/2024/03/27/loxley-drilling-deadline-extended-again/
https://environment.data.gov.uk/public-register/api/search?name-number-search=UKOG+%28234%29+LTD
UKOG
@UKOGlistedonAIM
·
11m
LOXLEY GAS PROJECT: Remember, Competent Persons Report in Feb 2023 stated post-tax 2C case present value was assessed at £124 million net to UKOG using end December 2022 gas prices. https://tinyurl.com/2ra8dtyd
UKOG
@UKOGlistedonAIM
·
15m
LOXLEY LATEST: Following Appeal Court’s decision upholding lawful planning consent, NSTA grants one-year extension to the Retention Area work programme, so, if required, the Company has an extra year to end June 2025 to start operations. https://tinyurl.com/3t39u42h #gas #AIM #energy