Member Info for ocelot

ZYX098,

On re-reading, accept your point that I misunderstood who "you" referred to.

"There is nothing coming in the pipeline for the share price to make a recovery - it will simply continue a slow spiral down".

That is, imho, highly unlikely - it is down 66% since the close on 01/10 and you are effectively saying it should now be sold, because it will continue down further. Are you sure you weren't saying something very similar before it quadrupled on its return from suspension?

Time will tell on that one.

"They have no money and are asking you to fund a £1 Billion project ..."

I don't believe anybody thinks UKOG is proposing to finance its projects exclusively via its shareholders.

They are looking for a partner and, at the appropriate time, there will doubtless be loan capital involved, too.

In the meantime, the share has come back a long way since the close on 1st October (because of the successive placings) and should be poised for a recovery.

Think the comment about needing to raise before Q2 2026 was made BEFORE they raised the total of £5m.

What is true is that the higher the share price rises, the easier it becomes to raise capital when required so it is in UKOG's interests to get their share price moving upwards.

ZYX098,

I don't ignore the BB liability but the company has raised very quickly a total of £5m, so a liability estimated at £1.3m by yourself needs to be kept in perspective.

A potential partner for UKOG's projects will decide on the basis of the merits of those projects, NOT on the basis of the company's past losses in oil E&D.

"... you conveniently "forget" that UKOG has outstanding liabilities forthcoming that will undoubtedly either push the Company to the Wall, or force SS to yet again issue more confetti to keep the lights on".

ZYX098,

These liabilities are the same ones you were highlighting during UKOG's suspension.

Given that UKOG has since raised a total of £5m on the market, they seem to be of greater concern to yourself than to the market.

The Czech Government's award of a grant of up to EUR 360 million represents one of the largest direct project-level funding commitments to a critical raw materials project within the European Union.

TH2,

Hope to see the share price recover now from the weight of the 4 recent rises (the most recent was due to be admitted to the market yesterday).

TH2,

The North Sea Future Plan WAS part of the Budget documents, it's not an article.

Hydrogen is section 3.1.4 from page 30:

https://assets.publishing.service.gov.uk/media/6926dede345e31ab14ecf507/north-sea-future-plan-government-response.pdf

(EPP's CEO Ben) Clube outlined the significant problem of wind energy curtailment, where surplus wind power that cannot be absorbed by the grid results in wind farms being paid to shut down. This is currently costing UK consumers around £1 billion annually, and forecast to rise to £6-8b by 2030. He explained that MESH aims to store this excess power and release it when needed, helping to reduce consumer bills and improve energy efficiency. (from a proactive interview of 25/11)

Puts the projected costs of UKOG's hydrogen storage projects into perspective.

We all hope the suspension will end asap, Stockraiser, but I think it's a question of both and not of either/or, ie. the first RNS explained the reason for the suspension and the second RNS explains the reason for its continuation.

"In respect of Horse Hill, we expect that once planning consent is restored and the potentially increased production rates are confirmed, the field has the potential to regain asset value and to potentially partly or fully reverse the current impairments which are detailed in the Financial Review". (annual accounts RNS of 31/10)

This is the point about HH, it provides the potential for a positive surprise.

"The Board also notes that, should Horse Hill planning consent be reinstated in 2026 as envisaged, given that the remaining recoverable oil volumes remain positive and unchanged from the Company's last reporting, there is a likelihood that a portion of current impairment could be reversed in future periods" (extract from impairment reviews of the above RNS).

Drill or Drop reports that UKOG will submit a revised application to Surrey CC by 15/12.

Good news!

To continue work, the Horse Hill operator must submit a revised application with information about the carbon emissions from combustion, known as downstream or scope 3 emissions ...

In reply to a question from Jackie Macey, Surrey County Council said this morning the information was expected next month (December).

The response said UK Oil & Gas, the parent company of the site operator, would submit the details by 15 December 2025.

The North Sea Future Plan was published today as part of the Budget 2025:

https://www.gov.uk/government/news/north-sea-future-plan-for-fair-managed-and-prosperous-transition

For those interested, Puma is a trading name of Shore Capital

Yes, £100k trade at the mid-price at 13:00:13 (675m shares)

"The company say that this is in order to create a ‘solid foundation’ for future growth’ which probably means that they plan further M&A activity once the debt is sorted and this acquisition is bedded down, ..."

Positive comment, current discussions are, in due course, likely to be followed by others initiatives.

... but not for much longer:

"... Once the remaining checks are signed off, we expect to move into the next phase of work. Once drilling and blasting is underway, we will put out another update".

For myself, the "huge disconnect between future projected cash flows and present sentiment" is way too huge and it is present sentiment which is lacking vitality.

Best wishes.