Member Info for Ibug

Mind you it only applies to AIM companies but then again it seems that ocelot only trades on AIM LMFAO

"Half-yearly reports and accounts

Rule 18 and 19: Half-yearly reports and accounts

Where the half-yearly report has been audited it must contain a statement to this effect.

In relation to rule 18, the financial period to which financial information has been disclosed in its

admission document may be the financial period of the main trading subsidiary of the AIM

company, for example, where the AIM company is a holding company. The nominated

adviser should contact AIM Regulation if there is any uncertainty as to the reporting timetable

required by these rules.

The Exchange will suspend AIM companies which are late in publishing their half-yearly

statement or their annual accounts, pursuant to rule 40.

Where an AIM company wishes to change its accounting reference date its nominated adviser

should contact AIM Regulation in advance to discuss the revised reporting timeframe."

Ocelot

Absolutely nothing.

Ocelot

"The majority of the Group’s liabilities are contractually due within one year."

Does liability mean debt?

Essentially, all debt is a liability, but not all liabilities are debt.

Discuss.

Ocelot

They can't trade until the Interim has been published. Wind it in sunshine.

"The Exchange will suspend AIM companies which are late in publishing their half-yearly statement or their annual accounts, pursuant to rule 40."

Planning and Regulatory Committee

23 July 2025

PROCEDURAL MATTERS – PUBLIC QUESTIONS

1. Question submitted by Sarah Freeman

It is now over a year since UKOG lost its permission to drill at Horse Hill. Steps towards restoration have been limited and no time frame appears to have been set by the council or UKOG, is it therefore time for enforcement action to be taken by the council?

Reply:

Enforcement action is being taken and is on-going as this includes discussions with an operator to reach a resolution to an issue. In this case discussions and review of the position remain active in relation to the steps taken toward restoration of the site and the Council’s next steps regarding any further action.

2. Question submitted by Jakki Phillips

When was SCC's last monitoring visit to the Horse Hill site and when is the next visit planned?

Reply:

The last site visit was on 20th March 2025. Whilst another visit has not been undertaken since then, the operator provided updated site pictures, under clear direction from Surrey County Council (SCC) as to what the photos would include. These photos were taken on the 3rd June 2025 and provided to SCC on the same day. These photos were considered sufficient in demonstrating the status of the site at that point in time. There is no fixed date for the next visit at this point but this shall be conducted as required to inform the ongoing enforcement process.

3. Question submitted by Deborah Elliott

This month UKOG relinquished it’s licences for exploration at Broadford Bridge and Loxley sites. Broadford Bridge has not been restored within the time frame allocated and is now subject to a Planning Contravention Notice from West Sussex County Council. How early can Surrey County Council act and serve a similar notice for the Horse Hill site?

Reply:

The actions of a different planning authority on a different site are not relevant to this case. However, a Planning Contravention Notice is an information gathering tool, not a prohibitive notice such as an Enforcement Notice, and is used at the very outset of an investigation. This has already been done in the Horse Hill case.

Note: The Chairman has agreed that the meeting of West Sussex County Council’s Planning and Rights of Way Committee, scheduled to take place tomorrow, Tuesday, 22 July 2025 is CANCELLED. Regarding, agenda item 4 (which the substantive matter) DMMO 8/19 – Definitive Map Modification Order application to modify the definitive map and statement for Horsham by adding a bridleway from Sedgewick Lane to BW 1713, in the parish of Nuthurst, new evidence has been submitted on Saturday 19 July that officers will need more time to consider. In agreement with the Chairman, the decision has been made to WITHDRAW this item from the agenda for the Planning and Rights of Way Committee so that the evidence can be scrutinised in more detail and given due consideration.

Doesn't get any better does it?

"Centrica aims to redevelop the 40-year-old site to be able to store hydrogen alongside natural gas. However, Mr O'Shea said: “The market at the moment is not giving the right signals to invest in storage.” The company has asked ministers for a so-called cap-and-floor mechanism to help fund the £2bn project.

Britain’s gas storage site threatened with closure this winter

Centrica boss warns that his company ‘can’t sustain’ steep losses at its North Sea facility"

DYOR

Https://www.bbc.co.uk/news/articles/c62dxrrdl7no

Loxhill didn't even get a mention in the PEDL235 Relinquishment Report so IGas at the time didn't think much of it. It was all about Godley bridge.

Penalty for Turkey is between £30 and £50k. I don't believe there are any for PEDL70 and PL11.

Horndean licence is supposed to expire in April next year. The circa £140k UKOG per annum would not cover the Directors fees for long. Until both sets of accounts are published they are up the creek without a paddle.

"The Exchange will suspend AIM companies which are late in publishing their half-yearly statement or their annual accounts, pursuant to rule 40."

"The chancellor has told the financial industry it must change the "negative" narrative around savers investing money in stocks and shares in order to help grow the economy."

You know things are really getting bad when a Chancellor encourages people to gamble with their money. I'm sure their a number on hear who will gladly invest their hard earned cash only to see it go down the swanny. No wonder TH2 and ocelot were so looking forward to the speech.

TH2 and ocelot

Did I miss it? Anything in it for UKOG?

Damp squib?

Oh dear

Did you numpties forget the 6 monthly audit report? Or do you expect them to be released at the same time?

TH2

It won't be "fun" when it turns out you have all been sold down the swanny.

I take from the drivel being pushed out by the trolls that the haven't read the latest news from the financials and other news sources that UKOG won't even get a look in.

The Emperors new clothes makes better reading than their posts and believe it or not actually more believable..

Ocelot

I wonder if ALBA and Asian Battery Metals would agree with you.

The net proceeds of any Placing will be utilised for;

1) Directors fees

2) Consultants fees

3) Building a fund to plug, abandon and restore;

a) Broadford Bridge

b) Horse Hill

And they all lived happily ever after. I wonder if the auditors have made them do another re-write after the last RNS? Not announcing the selling of the only source of income is surely worthy of a RNS.

It does say "Relinquishment Licence Check Partial" so I'm not sure we are getting the full story. Unfortunately NSTA have revamped their website and I'm still finding my way around it.

https://experience.arcgis.com/experience/05b40d18ceb140f59437689b05090dc8/page/Relinquishment-Reports-App?views=Date%2COnshore---map-view#data_s=id%3AdataSource_5-ENG_Onshore_Licence_Relinquishments_BNG_745_8651%3A717