Member Info for mimbrit

Ninety-something trades within minutes of open, two thirds of them buys but equal value buys/sells.

Someone is desperately trying to give the impression of buy interest here when there really is none.

There is no current revenue.

There might be a prospect of some revenue from Horse Hill but the planning application has not yet been registered and it will be a very long haul to get approved. The revenue that accrued in the past did not produce a profit but it might at high current prices assuming no water........

I think the envisaged H2 storage projects have a revenue start point in 2030-32 and a massive capital commitment prior. TH2 thinks that major international investor are queuing up.

What do shareholders really think is going to happen in the interim?

For heaven's sake TH2, spare us the repetition of this hype.

" For UKOG specifically: While they won't pocket that entire £2.3bn (which includes supply chain and wider industry gains), it indicates the massive scale of cash flowing through the project."

How much do you think they WILL pocket then? Does it start in 2032 or any earlier please?

Do you answer any questions from your fellow investors?

GoldPunter will be delighted that, when you go to the trades page, it is a veritable sea of blue.

But hang on, sixty of the buy trades are for 45, 46 or 47 shares each worth less than a halfpenny and sell/buy value is 2:1 on miniscule volume.

Someone is taking the michael here.

Presumably TH2 is loading up to the gunwales at this bargain basement price.

Last director purchase was by Sanderson in November 2022, completing a commitment to buy £1k/month for a year, an arrangement into which I heard he was pretty much forced.

He hadn’t bought before, hasn’t since and his total outlay represents just 0.3% of his announced emoluments since appointment.

Unfortunately, he has presided over a total collapse in the SP and a 1:10 consolidation which has meant a 99% loss on his investment, like countless other holders have suffered. No wonder he only arranges virtual meetings for them.

What would you recommend he does, TH2?

Doesn’t imbue one with great confidence for the future, does it?

Trades 220

Vol. Sold 207,434,088

Sold Value £21.14k

Vol. Bought 53,499,302

Bought Value £5.69k

Sells/buys 4:1 (which I don’t get as, for every buyer there should be a seller)

At 09.20.22 precisely there were over 70 inconsequential trades, 50-odd of which were buys.

Later in the day appeared over 70 identical buys of 45 shares, each worth under a halfpenny.

I can’t help thinking this is decidedly odd activity, attempting to prop up the SP artificially by inflating the volume of purchases.

TH2,

TH2, this is becoming tedious and your desperation is showing.

Rather than repeat ad infinitum stuff in RNSs and add your unfounded money tree predictions, please just clarify for your potential investor targets which of these various projects

a) has the relevant planning and approvals to go ahead,

b) are “shovel ready”,

c) are fully costed and funded, and

d) are going to generate much needed revenue for the company, and when?

Thanks.

Trades 135

Vol. Sold 124,712,095

Sold Value £12.80k

Vol. Bought 48,859,652

Bought Value £5.18k

One £4k buy at mid point could easily have been a sell.

The usual flurry of low value buys.

Gravity usually wins.

TH2,

I can’t find any evidence of QIA connection to Project Union.

Please provide yours.

So enthusiastic about UKEN’s prospects for the future, Stephen Sanderson cut and pasted the previous year’s activities into their 2024 accounts delivered a year late at Companies House.

What message does that convey to current and potential shareholders?

TH2 - you really cannot trumpet headlines like “UKEN £2.3bn revenues annually” and then admit in the body text that it’s nothing of the sort.

Penguins and others have explained succinctly how Dorset really isn’t a priority now (if ever), so please stop peddling this fantasy.

Do you have anything concrete to say about financing for the Yorkshire site, if it is even leased yet?

Of course, it is a total joke to refer to Hargreaves and other nominee brokers as “major shareholders” - they are just agglomerations of poor punters who have been led up a garden path by UKOG and their compadres and lost their shirts.

So, that leaves us with Shore Capital as the only really significant shareholding; is theirs also thinly spread and seriously underwater?

Probably.

Penguins,

I was looking into the Peel Hunt holding; it is mentioned amongst the major holdings at December 31st in the annual report but not in the March 16th list on the company website. In fact, like quite a lot of UKOG financial info, the two lists are irreconcilable.

The respective figures are:

Hargreaves - 15.94%/15.69%

Interactive - 15.28%/6.07% (!)

Peel Hunt - 8.98%/0.00% (!)

Shore Capital - 8.75%/9.60% (I think Puma is associated with Shore but it could be Peel - one has gone)

Halifax - 7.13%/2.62% (!)

EBT - 5.00%/5.00% - I guess that was difficult to get wrong

IG - 4.39%/0.00%

AJBell - 4.30%/0.00% (!)

Barclays - 4.19%/3.58%

Trading 212 - 3.61%/0.0% (!)

Vidacos - 0.0%/4.42% (!)

Bank of New York - 0.0%/3.76% (!)

Cantor Fitzgerald - 0.0%/3.28% (!)

There is a ‘Total’ column in the annual report which I cannot fathom ; I suspect it just shouldn’t be there.

Unless there are associations between the nominee companies of which I am unaware, you really couldn’t make this up (but UKOG manages it somehow.

Good point, Penguins, thanks.

Antc1781,

Why does this share seemingly defy gravity at the moment?

You report daily on the trades and those figures are regularly 3:1 sells to buys yet the SP hovers at 0.01p (is that actually the cheapest on the whole market?). It doesn't make much sense if for every sell there should be a buy... 99 trades with an average value of £25???

Somebody is trying very hard to keep this from sinking; the company has no revenue, none in sight, negative assets and probably less than £2m of the £5m raised last October on the back of a spooftastic MoU which has hardly merited a mention since (except by TH2).

I'm surprised the SP doesn't reflect just cash at bank so 0.005p unless one or more of the projects UKOG keeps mentioning actually comes to fruition.

Off to a blistering start today, with 2 sells adding up to £4.31…

In the very unlikely event of one arriving, the response in Arkel v. Pressdram would be appropriate.

There’s no persuading TH2 that he will not get a return on his investment.

However I think it’s rather naughty to bend the truth to entice others up the same garden path.

“All happening and the time pressure is increasing on the government to push forward with legislation and support.” - really?

“International investors are lined up and waiting.” - evidence please.

“Seems to be a very likely winner in the East coast and Southern Cluster.”

“100x to 1000x multi bag potential in a short time frame now.”

“the government announcements shortly will prove all his lies wrong and actual investors will have their life changing gains.”

“Ed gave the clearest indication yet last week that this is all happen.....National Pipeline told to convert to Hydrogen” - links to these please.

“ANTC might even be a paid Rage Baiter.” - I know him and he is not.

“Government hydrogen storage National Wealth fund support to be announced shortly according to ministers close to the latest government and legislation plans.” - more evidence please, as the National Wealth Fund’s website doesn’t indicate any significant funding at the level UKOG needs.

“UKOG already have the partnership agreements in place with the East Coast and southern pipeline connecting BOTH their projects.” - stretching the meaning of the MoU UKOG has.

“The project remains the only planned large-scale hydrogen storage site in the southern half of the UK.” - should that read “envisaged” like the connection to the similarly “planned” site in the north east?

“Latest : National Gas told to convert the East Coast line to carry hydrogen!” - were they? By whom?

“Watch this multi-bag on pending government announcements. GLA”

“Millions invested with guaranteed return to tax payers via benefits and profit sharing” - more links please

“That means that UKOG (UKEn) will be asked to scale up and produce more storage sites. Increasing the company value, guaranteed by the government for a minimum of 15 years!” - honestly?

All this in the last 10 days; I think LSE moderators should take an interest in the veracity of TH2 posts.

TH2 will undoubtedly attempt to have me banned.

Https://www.bbc.co.uk/news/articles/clyppl48xqno

No mention of UKOG that I can see, TH2, or any likelihood of funds for the south…