Member Info for Ibug

"but it is an entirely reasonable assumption they did so in order to be able to participate in any fundraising on the same terms as placees."

OMG, what utter *******s. There was no mention at the AGM of shareholders participating in any fundraising .

GM on the 7th June
Open offer to shareholders
Placing made
Money paid to AME
Move equipment onto site
Spud Basur-3

I'm guessing last week of June for spud as it's been 2 weeks since they put the concrete down and no update from SS.

My thinking is based on:
It is 13 days since the concrete was poured and started to set.
We have not seen any evidence of them setting up the equipment.
Last word from SS was they would drill in the summer. (Any time from 1st June or 21st June onwards).
SS playing a wild card for the 7th June to announce spud?
They must commence drilling before 27 June 2021.

Hate to think what the SP will be by the 7th June. 0.12-0.13 if it carries on at this rate would not surprise me.

ZYX098
I'm with ii but then again I looked at all the options before I signed up.

I don't remember Rodders saying he had sold out and he must have shares if he is going to introduce a resolution. It is amazing how trillhunters mind works compared to the normal persons. XR chumps holding shares? He will be needing extra diapers soon.

It is so easy to cast a vote imo.

"Log into your account and select "Accounts" - "Voting & Information Mailbox.
On the Proxy Voting form select "Vote".
You will then be presented with the options you are able to vote for and can choose accordingly.
You can change your vote if you wish up until the close date displayed."

Skwizz
And totally accurate like all of your posts. (I'm being sarcastic.) DL went in 2015 but his legacy lingers on.

Careful what you wish for!!!

https://twitter.com/OutSanderson

https://twitter.com/UKOGlistedonAIM/with_replies

TH2
Do you think before you post?
From 2020 RNS.
"The first commitment well, currently planned to appraise and flow test the Basur oil discovery, must commence drilling before 27 June 2021. Drilling and seismic are therefore expected to commence before the end of this year, Covid, weather and Turkish governmental transaction approval permitting."
It is now at least 5 months behind schedule. So much for "the quicker Turkish business". Even HH-1 was not delayed that long.

Isn't this in force until a decision has been made next month? It was passed at the AGM.

"Resolution 5 – Directors’ Authority to Allot Shares
This is an ordinary resolution to grant the Directors with authority to allot and issue shares and
grant rights to subscribe for shares in the Company for the purposes of Section 551 of the Act
up to the maximum aggregate nominal amount of £300,000. This resolution replaces any
existing authorities to issue shares in the Company and the authority under this resolution will
expire at the conclusion of the next annual general meeting of the Company."

"news ..could drop anytime"

Call me a cynic but is it a clever way to get an extra 5bn above the norm for the year available for placings?

https://www.ukogplc.com/ul/UKOG%20AGM%20Results%2012%20May%202021.pdf

It just says "The Directors withdrew Resolution 6."

It wasn't even mentioned during the meeting so I fail to see how anyone knows the real reason for withdrawal and making one up is pure speculation. We can all hazard a guess and all could be wrong.

Here is the link for the next one.

https://webcasting.brrmedia.co.uk/broadcast/60a3b4e87961e2251776fabf

UKOG
@UKOGlistedonAIM
UKOG AGM: listen to the virtual meeting of May 12. https://webcasting.brrmedia.co.uk/broadcast/60633359d7d1917e69019aa2

ZYX098
I put the link up a yesterday.

I listened to it live but my question was not aired. I wonder why?

ocelot
Came from SS at the AGM.