Member Info for Jungmana

"Claire Coutinho, the Energy Secretary, has endorsed the scheme and adjusted the Government’s hydrogen storage business policy to secure taxpayer subsidies for the project. UK Oil and Gas (UKOG), the company spearheading the initiative, aims to seek planning permission within months.

Stephen Sanderson, CEO of UKOG, plans to file the application under the Government’s nationally significant infrastructure system, which would allow the project to bypass potential local opposition. “Portland Port is ideally situated for the construction of large salt caverns as it overlies a 450-metre thick, high-quality rock salt,” said Sanderson.

Sanderson has held meetings with key figures from the Department for Energy Security and Net Zero, including Secretary of State Claire Coutinho, Lord Callanan, Minister for Energy Efficiency and Green Finance, and Graham Stuart, Minister for Energy Security and Net Zero."

https://bmmagazine.co.uk/news/vast-dorset-salt-caverns-to-store-hydrogen-under-former-royal-navy-base/

From the tr1 Shore capital had 750 million left as on Thursday. We traded 6.4 billion on Friday and 6 billion today.

They are out.

Just as happened with peel hunt exiting ppp at 3p level , this should rise a lot more.

Imo 0.15p target this week. That's double the current share price of 0.075p

Shore capital are already out. Similar happened at PPP , when a broker [ PEEL HUNT) holding a large position there exited about 3 to 4p level.

A week later the share price is at 11p.

Now debt free and placing churn all done, don't sell too early as this should triple from 0.05p in the short term.

Stephen Sanderson UKOG's Chief Executive commented:

"This Placing permits the full removal of the convertible loan, which should then enable the significant progress we have made in delivering our material hydrogen storage projects to be more fully reflected and sustained in our share price. The two recently announced Letters of Support from major infrastructure players in the UK hydrogen space, Sumitomo and SGN, demonstrate our project's credibility, with SGN stating our Dorset project as "essential for decarbonising the Solent Cluster and Southern England"."

A small breather before the next push to 0.1p+

Volume is key, 5 billion traded out of 8 billion total stock in issue.

And is just 11 am.

A 300% rise day imo

Volume is the key with over 60% of stock traded and is just 11 am

I think 300% rise today?

Anyone for a 300% day? Hold tight should see 0.1p+ today imo

0.1p could be tested today.

200% rise today coming

50% of all stock in issue traded today.

That's massive.

Let's get 200% today, volume is huge with 3.7 billion traded today so far out of 8.2 billion in issue

Now debt free and placing churn all done, don't sell too early as this should triple from 0.05p in the short term.

Stephen Sanderson UKOG's Chief Executive commented:

"This Placing permits the full removal of the convertible loan, which should then enable the significant progress we have made in delivering our material hydrogen storage projects to be more fully reflected and sustained in our share price. The two recently announced Letters of Support from major infrastructure players in the UK hydrogen space, Sumitomo and SGN, demonstrate our project's credibility, with SGN stating our Dorset project as "essential for decarbonising the Solent Cluster and Southern England"."

 

This week's target 0.15p ( 200% rise to go) . Market cap at 0.05p is just GBP 4 million which is too low imo.

The hydrogen storage project is a significant national one.

Imo a fair market cap would be at least 10 million market cap minimum. That's a 200% rise from this price.

0.13p

10% of stock traded in 35 mins of trading. Imo will see 0.10p+ this week.

Market cap is just GBP 3.3 million at 0.04p.

Https://hydrogenindustryleaders.com/dorset-salt-cavern-to-be-converted-to-hydrogen-storage-facility/

As I said this will do a PPP.

Buy hold and sit tight for 400% rise to come from this level imo.

Derampers will turn up as they did for PPP when it was under 3p. We are about to go a lot higher in the coming days imo.

UKOG is onto something big here nationally;

"Claire Coutinho, the Energy Secretary, has endorsed the scheme and adjusted the Government’s hydrogen storage business policy to secure taxpayer subsidies for the project. UK Oil and Gas (UKOG), the company spearheading the initiative, aims to seek planning permission within months.

Stephen Sanderson, CEO of UKOG, plans to file the application under the Government’s nationally significant infrastructure system, which would allow the project to bypass potential local opposition. “Portland Port is ideally situated for the construction of large salt caverns as it overlies a 450-metre thick, high-quality rock salt,â€￾ said Sanderson.

Sanderson has held meetings with key figures from the Department for Energy Security and Net Zero, including Secretary of State Claire Coutinho, Lord Callanan, Minister for Energy Efficiency and Green Finance, and Graham Stuart, Minister for Energy Security and Net Zero."

Https://bmmagazine.co.uk/news/vast-dorset-salt-caverns-to-store-hydrogen-under-former-royal-navy-base/

UKOG is heading for 0.1p+ soon . A must read:

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hTTps://www.ukogplc.com/ul/UKEn%20Overview%20Web%20V4%20050724.pdf

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