Member Info for Ibug

45bopd

223 m3 oil

168 m3 water

Ocelot

Don't you mean "sells"? Or were they having a sale?

Must be due a HH tweet or 3 before the GM. We've had the Loxley and Portland ones.

"Conversion of these Equity Shares by the Investors now reduces the balance of the £2 million gross first cash sum received to approximately £0.66 million."

This is why they have Resolutions 3 and 5 so they can raise the cash to pay off YA.

They still have to deal with "£0.5 million receivable by no later than November 17th 2023, and £0.5 million receivable no later than February 16th 2024," if it ever goes through.

At the next AGM you can probably expect a resolution to raise at least another 20 or 2bn shares depending on the outcome of the GM. Whichever way you look at it UKOG has cooked its own goose.

Wednesday 6 March 2024

9:45am

Courtroom 2

Judgment hand-down

Lifestyle Equities CV and another (Respondents) v Amazon UK Services Ltd and others (Appellants)

Lord Hodge, Lord Briggs, Lord Hamblen, Lord Burrows, Lord Kitchin

----

Bertino (Appellant) v Public Prosecutor's Office, Italy (Respondent)

Lord Hodge, Lord Sales, Lord Burrows, Lord Stephens, Lord Burnett

----

Merticariu (Appellant) v Judecatoria Arad, Romania (Respondent)

Lord Hodge, Lord Sales, Lord Burrows, Lord Stephens, Lord Burnett

They are only required to update the info every 6 months. I'm surprised you experts don't know that.

SS's £12k investment is worth less than £1k.

https://www.lse.co.uk/DirectorsDeals.html?shareprice=UKOG&share=Uk-Oil--Gas

Ocelot

Could it be that the many on here still cannot believe that they were taken in JTP, DL and SS. Stockholm syndrome?

"We were delighted that the North Sea Transition Authority ("NSTA") granted its formal consent for the conversion of Horse Hill-2z into a water reinjection well. With both the Environment Agency and NSTA permissions in hand, UKOG can now further expedite its plans for produced saline formation water reinjection at Horse Hill, removing the need for costly transportation and disposal of produced water at third-party sites. We estimate that the removal of these costs would add around £250,000 net earnings to the Company per year and reduce the field’s carbon footprint. Planning consent currently remains in full force and lawful oil production at Horse Hill continues."

Despite what some PI's are saying that was what UKOG said AFTER "Finchley" took SCC to Court.

Why else would UKOG buy the horizontal pump back in mid '22 if they weren't going to use it?

It will only get worse.

So far;

2023 AGM 8,438,550,000 = aggregate nominal amount of £843,855

If agreed;

2024 GM 14,767,463,100 = aggregate nominal amount of £1,476,746.31

Post 2024AGM;

Another 2bn shares +?

The saying "there's no fool like an old fool" appears to be very true on this bb. Looks like YA are firm believers in it. You can't hide from the facts. The question is how long will it continue?

27-Feb-24 16:24:20 0.006 75,000,000 Sell* 0.0062 0.007 4,500

26-Feb-24 16:36:14 0.00683 75,000,000 Sell* 0.007 0.0075 5,123

23-Feb-24 16:10:10 0.0074 75,000,000 Sell* 0.007 0.008 5,550

22-Feb-24 16:31:58 0.007 100,000,000 Sell* 0.0075 0.008 7,000

21-Feb-24 16:08:23 0.00713 75,000,000 Sell* 0.007 0.008 5,348

There are at least 19 other fields that could potentially be decommissioned before then but do you think they are going to advertise it? Wytch Farm is the biggest of them all. The writing is on the wall and has been for years for onshore oil. The majority of oil at Wytch Farm comes from the long reach wells towards the IOW.

He really did not see it coming.

"tkr234. I hope not..been in this share since the dinosaurs so I’m looking for at least 10p..."

I thought this was his best post.

"I watched it hit 10p and greed got the better of me....gutted i never hit the sell button..."

52 Week Low 0.00615

52 Week Low Date 27-Feb-2024

0.0065p

No doubt some will be still buying.

Nothing here.

https://www.londonstockexchange.com/news-article/market-news/admission-to-trading-27-02-2024/16350610

Ocelot

Tell lse that

Currency GBX

Issue Country GB

Shares in Issue 2.95b

Pretty p**s poor when you consider over 13bn shares in issue at the time. ocelot was ramping about it as usual.

MCap is now below £2m until the new shares are admitted.