Member Info for Ibug

8,438,550,000 shares raised since the AGM. Exactly the amount they could have raised to the share.

Guess they need to raise more before the next AGM is due.

Part 2

Resolution 5 - Disapplication of Pre-emption Rights

Resolution 5 proposes to dis-apply the statutory rights of pre-emption in respect of the allotment of equity securities for cash under Section 561(1) of the Act. This is a special resolution authorising the Directors to issue equity securities as continuing authority conditional upon Resolution 1, 2 and 4 being passed up to the maximum aggregate nominal value of £1,476.75, or should Resolution 1, 2 and 4 not pass up to the maximum aggregate nominal value of £1,476,746.31 being approximately 50% of the Company's ordinary share capital in each instance.

The authority granted by this Resolution will expire at the conclusion of next annual general meeting of the Company.

Resolution 1 - Share Capital Reclassification

Subject to the New Articles being adopted, this is an ordinary resolution to grant the Directors with authority to subdivide and reclassify the existing ordinary shares of £0.0001 each in the capital of the Company so that each ordinary share of £0.0001 each be and they are sub-divided and reclassified into one (1) New Ordinary Share of £0.0000001 each in the capital of the Company and 999 new Deferred B Shares of £0.0000001 each in the capital of the Company with each having the rights and restrictions set out in the New Articles.

Resolution 2 - Consolidation of Shares

Subject to the New Articles being adopted and the share capital reclassification described at Resolution 1 being passed, this is an ordinary resolution to grant the Directors with authority to consolidate the New Ordinary Shares and Deferred B Shares so that every 10 New Ordinary Shares and every 10 Deferred B Shares will be consolidated into 1 New Ordinary Share and 1 Deferred B Share of £0.000001 each in the capital of the Company with each having the rights and restrictions set out in the New Articles.

Resolution 3 - 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 conditional upon Resolution 1, 2 and 4 being passed up to the maximum aggregate nominal value of £1,476.75, or should Resolution 1, 2 and 4 not pass up to the maximum aggregate nominal value of £1,476,746.31 being approximately 50% of the Company's ordinary share capital in each instance. 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.

Resolution 4 - Adoption of New Articles

This is a special resolution to approve the adoption of the New Articles.

A copy of the Company's Current Articles and the proposed New Articles of association will be available for inspection during normal business hours (excluding Saturdays, Sundays and bank holidays) at the offices of Hill Dickinson LLP, The Broadgate Tower, 20 Primrose Street, London EC2A 2EW from the date of this Document until the close of the General Meeting. The proposed New Articles will also be available for inspection at the General Meeting at least 15 minutes prior to the start of the meeting and up until the close of the meeting.

UKOG

@UKOGlistedonAIM

NOTICE OF GENERAL MEETING and proposed capital reorganisation http://tinyurl.com/43fx3axc

2:16 PM · Feb 1, 2024

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53

Views

https://twitter.com/UKOGlistedonAIM/status/1753059761942036625

News from Pinarova must be really bad if they pushed this out today.

All I know is my shares here are now worth 0.

They don't even have the decency to call it an "extraordinary" meeting.

Ocelot

And how well have these discussions gone with any other project UKOG have tried to farm in/out?

And where they have they have been robbed blind.

4. Capital Reorganisation

The Company currently has 29,534,926,104 ordinary shares of £0.0001 each in issue ("Existing Ordinary Shares"). The Board proposes to carry out a subdivision and reclassification of the Existing Ordinary Shares by 1:1000 so that each Existing Ordinary Share will be subdivided and reclassified into one (1) new ordinary share of £0.0000001 each ("New Ordinary Share") and 999 deferred B shares of £0.0000001 each ("Deferred B Shares") ("Subdivision"), followed by a consolidation of the New Ordinary Shares and Deferred B Shares by 10:1 so that every 10 New Ordinary Shares and every 10 Deferred B Shares will be consolidated into 1 New Ordinary Share and 1 Deferred B Share of £0.000001 each ("Consolidation", together with the Subdivision, "Capital Reorganisation"). The Deferred B Shares will have no right to vote or participate in the capital of the Company and the Company will not issue any certificates or credit CREST accounts in respect of them. The Deferred B Shares will not be admitted to trading on any exchange. The rights of the ordinary shares and the Deferred B Shares will be set out in the new articles of association proposed to be adopted by the Company. The purpose of the Capital Reorganisation is to reduce the nominal value of the Existing Ordinary Shares and to reduce the number of shares in issue.

Lmfao

TH2

01-Feb-24 08:42:36 0.0214 500,000 Buy* 0.019 0.022 107.00 O

01-Feb-24 08:40:32 0.0201 2,424,100 Sell* 0.019 0.022 487.24 O

01-Feb-24 08:30:12 0.0215 41,860 Buy* 0.019 0.022 9.00 O

01-Feb-24 08:06:15 0.0219 4,566 Buy* 0.019 0.022 1.00 O

01-Feb-24 08:04:55 0.0203 24,689,409 Sell* 0.019 0.022 5,012 O

01-Feb-24 08:04:21 0.0217 405,760 Buy* 0.019 0.022 88.05 O

01-Feb-24 08:00:51 0.0203 110,000 Sell* 0.019 0.022 22.33

Very big investors again this morning.

Very quiet on X this morning.

https://twitter.com/search?q=%23Loxley&src=typed_query&f=live

https://twitter.com/search?q=%23ukog&src=typed_query&f=live

https://twitter.com/search?q=%23dunsfold&src=typed_query&f=live

You really must try harder.

Penguins

Who knows what goes on at UKOG HQ.

The fact that what was IGas didn't follow up on the Loxhill well was a big indicator that there is no gas there.

No sign of Avington going back into production. Site is still empty.

Reporting Period Month Name November 44 bopd

Oil Production Mass (tonnes) 176.814

m3 209

Associated gas production mass (tonnes) 6.124

Associated Gas Production Volume (ksm3) 6.881

Gas Flared - Volume (Ksm3) 6.881

Gas Flared - Non Hydrocarbon (%) 4.5

Water production volume (ksm3) 1,165

Reporting Period Month Name October 45 bopd

Oil Production Mass (tonnes) 187.812

m3 222

Associated gas production mass (tonnes) 7.309

Associated Gas Production Volume (ksm3) 8.212

Gas Flared - Volume (Ksm3) 8.212

Gas Flared - Non Hydrocarbon (%) 4.5

Water production volume (ksm3) 202

Reporting Period Month Name September 48 bopd

Oil Production Mass (tonnes) 195.426

m3 231

Associated gas production mass (tonnes) 6.93

Associated Gas Production Volume (ksm3) 7.787

Gas Flared - Volume (Ksm3) 7.787

Gas Flared - Non Hydrocarbon (%) 4.5

Water production volume (ksm3) 186

Reporting Period Month Name August 43.6 bopd

Oil Production Mass (tonnes) 214.884

m3 254

Associated gas production mass (tonnes) 7.989

Associated Gas Production Volume (ksm3) 8.976

Gas Flared - Volume (Ksm3) 8.976

Gas Flared - Non Hydrocarbon (%) 4.50

Water production volume (ksm3) 197

Month bopd

Dec 22 55

Jan 23 55

Feb 23 57

Mar 23 54

Apr 23 46 Tank washing

May 23 57

Jun 23 56

Jul 23 50

Aug 23 46

Sep 23 48

Oct 23 45

Nov 23 44

Receipts for November $83.18 x 44 x 30= $109,349

Receipts for October $91.06 x 45 x 31= $127,029

Receipts for September $94.00 x 48 x 30= $135,360

Receipts for August $86.16 x 46 x 31= $122,864

Receipts for July $80.11 x 50 x 31 = $123,957

Receipts for June $74.89 x 56 x 30 = $125,815

Receipts for May $75.70 x 57 x 31 = $132,738

Receipts for Apr $84.11 x 46 x 30 = $115,801

Receipts for March $78.53 x 54 x 31 = $132,451

Receipts for February $82.71 x 57 x 28 = $132,347

Receipts for January $83.09 x 55 x 31 = $141,668

Receipts for December $80.90 x 55 x 31 = $136,982

Receipts for November $91.07 x 49 x 30 = $134,042

Receipts for October $93.13 x 48 x 31 = $138,831

Receipts for September $90.16 x 56 x 30 = $150,850

Receipts for August $98.60 x 58 x 31 = $177,283

Not sure if water figures have been reported accurately but if they have it is a massive change.

Reporting Period Month Name November 44 bopd

Oil Production Mass (tonnes) 176.814

m3 209

Associated gas production mass (tonnes) 6.124

Associated Gas Production Volume (ksm3) 6.881

Gas Flared - Volume (Ksm3) 6.881

Gas Flared - Non Hydrocarbon (%) 4.5

Water production volume (ksm3) 1,165

PS

Did anyone ever find the decision on line? I couldn't. It was either the 8th or 9th of January according to some sources.

UKOG

@UKOGlistedonAIM

LOXLEY REMINDER: Following our victory at Court of Appeal (who refused permission for further appeal against planning consent for our conventional gas feedstock project), here’s a reminder why it’s material to UKOG http://tinyurl.com/2p8x9upm #gas #energy #aim

4:04 PM · Jan 31, 2024

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165

Views

https://twitter.com/UKOGlistedonAIM/status/1752724565581591031

More BS.

SRBS

Perhaps you would care to share what is says about Basur?Resan.

Perhaps you would care to share when the website was updated with anything about Pinarova.

Now what was the latest update?

Could it have been this?"The only exception will be testing the

Resan shallow accumulation. Not only will these wells be quick and cheap

the costs are carried by our JV partners and if successful would be a first in

the region."

UKOG left holding the baby, All AME have to do is carry out the dirty work and probably take a big profit from it.

Shares in Issue 29.53b

Till the next time.

I would have thought the OGA changing the name to NSTA would have been a big enough clue as to which way the wind is blowing.

Rapid phase out of fossil fuels needed – UK climate advisor warns

The UK must “rapidly replace fossil fuels with low carbon alternatives”, the government’s climate advisor warned today.

Full story here;

https://drillordrop.com/2024/01/30/rapid-phase-out-of-fossil-fuels-needed-uk-climate-advisor-warns/

Is it a wonder UKOG are devolving out of oil exploration slowly?

Makes you wonder why UKOG have not told us how much of the smelly layer they were going to perforate. Or were they going to put a odour detector down the well and use that as a guide?