Member Info for Insidious

UK Oil & Gas (UKOG) announced a placing to raise £4.2 million at 0.2p per share. It’s not clear yet if they’re paying off the CLN with cash, or with shares as per the mechanism they refer to in their RNS. One way or another, though, the convertible should be gone and once all the new shares have churned, there’s at least potential for the share price to move higher.

June 6 (Reuters) - OPEC, Russia and
allies agreed on Saturday to extend record oil production cuts
until the end of July, prolonging a deal that has helped crude
prices double in the past two months by withdrawing almost 10%
of global supplies from the market.
"Demand is returning as big oil-consuming economies emerge
from pandemic lockdown.
Prices can be expected to be strong from Monday, keeping
their $40 plus levels.

Anything possible, I was around when it hit 11p in 2017. GKP, JOG Anything can happen in the world of AIM..

5p within 12 months . Wouldn’t that be something...

The fool on the hill
@Adrianwfire
#ukog The sales waffle you will hear from SS and team will be to sell this latest placings shares and once the AGM is over. They will carry on milking the wages and you will hear Nothing from them again.

They can drill many Wells at HH IF it's not feked.

Don't be fooled

Foth.
8:12 AM · Jun 6, 2020·Twitter for Android

What will happen to the shares you hold here?

test

Oldbury

Well with the loan being paid off and placing shares being snapped up let’s see where the sp goes now...

How is this at the same price when we have oil and it’s being pumped out of the ground.

05-Jun-20 16:37:48 0.206 30,000,000 Buy*

04-Jun-20 12:03:34 0.203 100,000,000

Buy price @ Quote price 0.20399

UKOG united ?

He was all for ukog, even blocked me on Twitter when I was slightly negative about the company.
Now he’s deramping ukog.

If we can see 5p I would be happy with that, 11p would be a miracle..

Tex2374 - Taken another dip into this today so heres hoping to get a good return..

what was the mcap when it hit 11p on speculation on BB...

Will we ever see that 11p spike again?

Repaid a further £100,000 of the £5.5 million convertible loan note The repayment has reduced the Loan's balance to £1.75 million.
The Company has today allotted 52,192,067 new ordinary shares.
The Company's issued share capital will comprise 8,738,995,288 ordinary shares

Until he borrows again...