Member Info for Ibug

Https://www.google.com/finance/quote/UKOG:LON shows 0.028p

It closed at that.

Https://www.youtube.com/watch?v=LTKORcr1jhY

He really does not keep up with the latest news on UKOG. 30 posts a day tells me he is bricking it already.

28 March 2023 Horse Hill Farmout RNS

"The farmout to PPP is subject to the completion of a formal Farmout Agreement between the Parties, formal consent by each Parties' respective boards, the full consent of all HHDL's shareholders and regulatory consent from the North Sea Transition Authority for any Licences interest assignment."

The reason PPP did not progress, other than the Planning permission being squashed, is that UKOG still owe ALBA and DOR in the millions and that ALBA and DOR never agreed to the deal. Now that is what I call DEBT.

Ian12

Of course you did. I do love these posters who post after the event.

Here we go again. Suddenly my "Unaudited results for six-month ended 31 Mar 2024 clearly show fragile state of finances and placing due in next few months." becomes "no placing for a few weeks atleast". No wonder these mugs lose so much money.

Ian aged 12 still a sore loser. You can always tell those that have lost money here. Loads of them.

Oh dear, thick as s**t. No. UKOG only have £25k worth of shares they can place before they have run out. You do not do your research do you? This company is bust.

More porkies from Openheimer. I have never posted on the PPP bb. Bet he can't prove it. UKOG only have about £25k worth of shares they place before a GM is called or they actually manage to get cash from farminee. Hard times.

Here we go. Usual distraction from facts. None of your business. If you tell porkies on here you will be called out.

Jungmana

They can't even approve an Energy Recovery Facility at Portland Port. (Appeal decision due sometime after August) You are talking about the Jurassic Coast and what an eyesore any new development would be. I take it you have seen the plans?

Jungmana

How many shares do UKOG have left that they can issue? Not many. Will they do a placing or have another GM so they can issue another 8bn shares?

Here we go. Didn't buy anything as soon as YA got involved so stick that one in your pipe. I never give free advice about my buys and sells.

Jungmana

At the end of March they had under £1m in cash. They are burning through about £300k a month. Get some new rose tinted specs.

Deary me. No pipeline, no hydrogen and no money. I'm sure the Gov't will be impressed.

Jungmana

So UKOG got £0.5m from the placing. £0.21m was used to pay off YA. Not a lot left when UKOG are burning through multiples of thousand a month.

Https://planning.surreycc.gov.uk/Planning/Display/SCC%20Ref%202018/0152

Oh dear. No. But it did expire and has not been renewed as Planning Permission for HH has been squashed.

"UK Oil & Gas Plc (London AIM: UKOG) is pleased to announce that further to its announcement of 28th March 2023, the Company's relevant subsidiaries and Pennpetro Energy Plc ("PPP") have agreed to extend the conditional binding Horse Hill farm-in term sheet until 30 June 2024, whereby PPP will farm-in to the Horse Hill Oil Field on an incremental production only basis by paying 100% of both a 12 km² 3D seismic survey and a new crestal production well, Horse Hill-3 ("HH-3"). The farmin remains subject to the completion of the formal farmin agreement and necessary regulatory consents. The Company currently holds an effective 85.635% interest in Horse Hill and the surrounding PEDL137 and PEDL246 licences."

How much does UKOG owe ALBA and DOR or don't they call that debt?

Oh dear. No. But it did expire and has not been renewed as Planning Permission for HH has been

"UK Oil & Gas Plc (London AIM: UKOG) is pleased to announce that further to its announcement of 28th March 2023, the Company's relevant subsidiaries and Pennpetro Energy Plc ("PPP") have agreed to extend the conditional binding Horse Hill farm-in term sheet until 30 June 2024, whereby PPP will farm-in to the Horse Hill Oil Field on an incremental production only basis by paying 100% of both a 12 km² 3D seismic survey and a new crestal production well, Horse Hill-3 ("HH-3"). The farmin remains subject to the completion of the formal farmin agreement and necessary regulatory consents. The Company currently holds an effective 85.635% interest in Horse Hill and the surrounding PEDL137 and PEDL246 licences."

Our ReferenceSCC Ref 2018/0152StatusOriginal decision quashed - to be re-determinedApplication NumberRE18/02667/CON

District/BoroughReigate & Banstead

Site AddressHorse Hill Well Site, Horse Hill, Hookwood, Horley, Surrey RH6 0HNView MapParishSalfords and Sidlow

Electoral DivisionHorley West, Salfords and Sidlow

ProposalRetention and extension of an existing well site, HH1 and HH2 wells, and vehicular access to allow: the drilling of four new hydrocarbon wells and one water reinjection well; the construction of a process and storage area and tanker loading facility; new boundary fencing; well maintenance workovers and sidetrack drilling; and ancillary development enabling the production of hydrocarbons from six wells, for a period of 25 years.

Some research you did then! Wally.

"Gordon Bennett" is an English-language idiomatic phrase used to express surprise, contempt, outrage, disgust or frustration.

Beware of all his posts. Clearly not done any research here and just along for the ride.

Unaudited results for six-month ended 31 Mar 2024 clearly show fragile state of finances and placing due in next few months.

PPP have nothing to do with UKOG.

UKOG over £3m in debt.

No deal with Gov't.

In fact the whole post is pure fiction.

Ian12

Yet again I see you have done your research; NOT. The flame is powered by the same fuel that you constantly emit; biogas. There really a lot of sore losers on this bb.

"The total voting rights in the Company is therefore 8,167,456,073 and Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules."

LSE don't always get it right.