Member Info for ocelot

Loxley appeal public inquiry scheduled for July 2021

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that its appeal against Surrey County Council's ("SCC") refusal of planning consent for the Loxley gas project will now be heard at a public inquiry to commence on Tuesday 27(th) July 2021.

The Planning Inspectorate's formal appeal process has an effective start date of March 1(st) and culminates with the public inquiry, scheduled for up to nine days. Based upon the earlier than expected inquiry date and the inspectorate's average post-inquiry decision timescales, the inspector's ruling is likely to be issued in autumn 2021...

nomlungu,

You seem to be suggesting that oil exploration should not be undertaken because there is no guarantee of enduring profitability.

"... the Licence's forthcoming 2021 appraisal drilling programme (is) aimed initially at proving the commerciality of the Basur-Resan oil discovery, ...". (RNS of 15/01/21).

will be established in Leeds.

balancedviewer,

I don't find all questions interesting (and I don't understand all of them), so I choose the questions I answer (if any).

We're not there yet, but Angus's profile is in the process of taking on a much more "institutional" profile, even if its market cap continues to remain very modest.

Re your question about a dividend in 2-3 years' time:

don't know, but it does provide a useful insight into GL's ambitions for UKOG and the direction in which he seeks to steer it.

I don't see any value in anything until it produces income. (balancedviewer's post of 11:03)

Gold will always have a retail value, ... (balancedviewer's post of 11:22)

So you put no value on gold at all.

In any case if it were 60 days it would be dependant on the government, not AME or UKOG
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Yes, of course.

At this stage, whilst indications are positive, we await formal notification as to which licence or licences, if any, are awarded to AME/UKOG. Notification is expected within 60 days - results and terms will be released in due course. (RNS of 10/12/20)

It will be 90 days this coming Monday, the 8th.

remain to be answered.

If February was a normal month, then the 30th would have been yesterday.

Not sure people need posters to point out what they can see on any graph of the share price.

Think the government is in part responsible with its mixed messaging of zero emissions but, also, the need for energy security.

Allows people to choose the part of the message which suits their agenda.

The advantage of an appeal is that it is national (not local) policy which will be applied.

All I am saying is that you can address a post to Gallifreyan but, because he is filtering you, you won't get a response.

... and to attract a replacement of quality, you need to offer an attractive remuneration package.

Was thinking longer term, given the time it takes to bring on stream some of these very big projects.

Law of unintended consequences, so many well-intentioned initiatives produce results running counter to those hoped for.

If I remember right, balancedviewer, Gallifreyan has put you on filter.

Total remuneration on AIM: lower, median, upper quartiles, from a report dated April 2019, in £k:
Chief Executive 256 379 634

CEO median total remuneration for AIM listed companies was £324,000 in 2019.