Member Info for Ilovesushi

I THINK A TAKEOVER NOW IS MORE LIKELY. Just at a lower amount than many had wanted. I will keep my 85 pence prediction.

LOTS OF BUYING WOW

16%

18% TURNAROUND

GOING UP

I cannot see an offer being made prior to the accounts being published which cannot be done so as planned. So another extension at least and maybe one more after that. Long way to play out. Eventually an offer will come. Not as near as many expected. But near my 85 Pence prediction.

I am lowering my take-over price to 60.0 pence from 85.00

What was that offer?

85.00p 88.00p

300% higher than the share price when the offer was made.

It cannot be more that. Not good for the LTH but a fair price from which the share price was.

And a very food price and a 100% plus rise for anyone buying now.

If UKOG has £3.8 Million in Decommissioning liabilities the company is instantly insolvent.

Even if the company were lucky enough to get so w cash from the government, this cash is ring fenced for its hydrogen storage business only. It cannot use cash from the government for decommissioning of HH.

The company is not going to get out of administration. Obviously the company knows the end is coming. No one will support another placing or vote for it. Last day on Monday to exit.

Why have shareholders not been told that its asset from which is its only source of income is not shut down and mothballed?

Why has this info been withheld?

If it ever were to get out of suspension, its a matter of time before their isa other placing. Everyone knows money is short Sanderson has to take his high wages and money is fast disappearing. If anyone thinks that the Labour Party will give UKOG cash they need their heads tested. Watch out for the resolution to vote for the company requesting authority to issue shares, thats the best chance you will get to see what is in store.

Big dilution coming. Better that it goes into administration directly.

Obviously the new auditors see going concern issues. The company is so far away from monetisation it has bot choice but put in plans for a big placing. Why the hell are you voting in favour to give more and more authority to Sanderson to issue more shares?

Consolidation and share reorganisation already being planned. Monday is the last day to get out before a complete wipe out of all shareholders.

6,925,041,202. on first admission and another 4 Billion to come. The company will never get to cash generation and any more raised here will soon be spent. Remember much of it will be to pay off debts so not much will remain after debts are paid to creditors. Its a miracle its got a placing away and the bank extended its payment demand. This just kicks the can down the road. The company is a charity and just cannot make money except by selling shares. Do not believe these people who talk of cash generation. They were not able to generate cash up to now, so why does anything change? Is survived administration for now. Some one will get the assets of this at some point. Now which shareholders will now vote for the company to issue more shares?

This would mean that in the accounts this is written off in the books having zero value right?

The most recent data, for December 2024, recorded no oil production at Horse Hill. Was this ever RNS`d?

Expect a leak in the weekend press on a take-out price.

~

85 pence is my guess. 100% return for anyone buying now. In it to win it. Good luck all. Big jump on Monday.

Monday is the last day of dealing in the shares. Its very possible on discovery of major issues in the accounts it will never get out of suspension. Even if it were to survive and was able to and found a funder, 10 Billion shares would need to be issues. But that would only last 3-4 months before they needed more cash. Now where is all the money going?

Do not be fooled by this new venture. The company is so far away as ever to monetisation. It survives by placings and idiots who buy into those placings. AVOID.

This will be flagged by the new auditor. Also what will be flagged is the need for further funding. Then the worst thing is about restoration of land in Gatwick and provisions in the accounts. It does not look good guys but you were all strung along with this new venture. That is what companies do when the end is near, they start new ventures. Of course its all to keep the gravy train running. Only the management benefit here and oh boy do they manage. Shocking how they take a salary. Pay them in shares lol.

Placing price 0.0025. Then it will be administration as no one else will support such a placing. This will be the last and it will be a big one where you will all be wiped out if your not wiped out already.

On return of suspension and that is if it is lucky enough to survive the mauling from the new auditor, there will be a placing of about 10 Billion shares. Of course there would need to be a consolidation again. Yes anther, how many is that?

Share price if a placing can be achieved. 0.0025

Good luck all those remaining. You think it is cheap but it will get cheaper as the company has no option but issues more discounted shares. I said it yesterday. Now look

10 Billion share placing coming when suspension is lifted. Probably arguments on the company being a going concern. The new auditor is making UKOG make provisions and right downs making the company insolvent.

Now the odd thing is shareholders will vote in a special resolution in the next GM to give authority to the management to issue shares. This will be the first hint that things are well and truly over.

The company does not make money or has it ever made money except by issuing shares. So how long will the company`s shares be suspended? Will it ever come out of suspension. Pi are crazy to think the UK government will fund this hydrogen venture. LOL

Last chance to get out of this disaster of a company. Some people never learn.

And there could be more zones. All to play for. They should not keep this drill on stand by but start it up soonish. And another drill result in weeks.

Super positive here. Buy buy but