Member Info for Ibug

No doubt will tell you all that UKOG raised another £1m + £248,204 (before expenses) and number of shares in issue will be 11,140,761,388 leaving them at least 6,147,945,833 to sell before the next GM or AGM.

I hope those that took part in the placing and retail offer have sold them already.

Hardly convincing.

Votes For Votes Against

1,126,316,189 44,635,543

1,122,267,831 48,665,173

Not quite the %maditup made out.

UKOG GM 21st August 2024: Total Votes

Including votes cast in favour at the meeting

Resolution Votes Votes Votes Votes Votes For For Against Discretionary Withheld Total

1 1,126,316,189 44,635,543 130,578 3,939,670 1,171,082,310 96.2%

2 1,122,267,831 48,665,173 130,578 3,958,398 1,171,063,582 95.8%

The turd one.

UK ENERGY STORAGE: CEO Sanderson says: “New H2 storage site optimally placed to exploit thickest part of only massive onshore salt deposit in Southern UK. Site’s proximity to SGN’s H2 Connect pipeline is deliberate.” https://tinyurl.com/4hyry9hb

@Ed_Miliband

@UKLabour

#energy

10:24 AM · Aug 21, 2024

·

416

Views

I see madeit is now making it up. Bet he doesn't even know what the resolutions are.

And they are off for those that read the GM Notice and the posts on here properly.

Jungmana

They haven't held the GM yet so both those posts are "worthless". Have you been taking lessons from ocelot on how to hoodwink posters?

I wonder if it's on the old Nuclear Energy site?

UKOG

@UKOGlistedonAIM

·

22m

UKEn LATEST: Each hydrogen storage site aims to provide 6.5-10 Terawatt hours of storage per year, about 10-20% of the UK’s estimated 2050 requirement, fully in step with the Government’s target to decarbonise UK by 2030. https://tinyurl.com/4hyry9hb

@Ed_Miliband

#energy

UKOG

@UKOGlistedonAIM

·

27m

UK ENERGY STORAGE: New heads of terms agreed covering 60-year lease of land for second salt cavern hydrogen storage facility in Dorset. Land lies above thickest onshore part of salt deposit, next to SGN’s H2 Connect hydrogen pipeline. https://tinyurl.com/4hyry9hb

@Ed_Miliband

#energy

Only another 8bn+ shares.

You can watch it here:

https://web.lumiagm.com/#/138898738

And you thought Death Spiral was bad. This is a slow death.

Penguins

You only need to look at the COMPOSITE WELL LOG to see the salt layers are not continuous but interspersed by layers of claystone.

Jungmana

The "planned H2 Connect hydrogen pipeline" is conditional on there being a site at Portland. There is no other reason for it.

Madeit

You mean just like it did when they announced the Portland site? SP must have gone up by at least 0.02p.

Worth a read.

But does include the Weald and wells close to HH.

CEO interview: “Onshore oil industry must generate cash for well decommissioning”

The UK onshore industry needs to raise money to plug and abandon hundreds of redundant oil wells as part of the energy transition, Angus Energy’s chief executive told DrillOrDrop.

Full story here:

https://drillordrop.com/2024/08/20/ceo-interview-onshore-oil-industry-must-generate-cash-for-well-decommissioning/

I wonder why they haven't said where the site actually is. Makes you wonder what they are hiding. Could it be another AONB?

UK Oil & Gas PLC (London AIM: UKOG) is delighted to announce that, via its wholly owned subsidiary UK Energy Storage ("UKEn"), it has executed a heads of terms covering the 60-year lease of land and subsurface mineral rights for a second underground salt-cavern hydrogen storage facility in south Dorset. The land lies above the thickest onshore part of the Dorset Triassic salt deposit and is also in close proximity to SGN's planned H2 Connect hydrogen pipeline, linking the proposed storage caverns directly to the planned Solent Cluster and the wider southern UK hydrogen super-cluster (see RNS 27th June 2024).

Each UKEn hydrogen storage site aims to provide around 6.5-10 Terawatt-hours ("TWh") of working storage per annum, equating to around 10-20% of the UK's estimated 2050 hydrogen storage demand*. UKEn's aim of delivering these key strategic energy infrastructure elements is fully in step with the Government's ambitious target to decarbonise the UK power system by 2030.

UKEn will now proceed ahead to finalise the lease agreement, complete salt cavern design studies and commence other works necessary to submit a Nationally Significant Infrastructure Project planning application. The Company also aims to apply for government Revenue Support for at least one Dorset site (see RNS 29th May, 27th June, 2nd August 2024).

Looks like Sprocket the dog called that one right.

Fantastical

The only problem is that UKOG cannot afford £500k every time they go to appeal. Does Arreton ring a bell?

You can be sure the only thing UKOG will be paying is the salary of the BoD and employees. Everything else is now on tic and in arrears. Other than ALBA and DOR who will have to wait the tanker, waste and water transport companies will be invoiced. I can't see SS giving them a sub!

Looks red to me.

https://www.google.com/finance/quote/UKOG:LON