Member Info for ocelot

"Up about 250% in 1 day and 2 1/2 hours' trading.'

AND ??"

The line was in response to Mirasol's post: he was concerned about the 32% loss suffered by holders this morning at the time he posted.

Expenses of raising the funds!! How many dinner parties are involved in an overnight placing?

If Angus management are in any position to influence the timing of the RTO RNS, now would be a great time to go ahead with it.

350% gain yesterday, 34% loss today (at the time of writing).

The trick, very obviously, was either to be invested when the stock was suspended or to buy in very promptly yesterday morning.

Up about 250% in 1 day and 2 1/2 hours' trading.

UKOG shows that companies can take advantage of suspensions for the benefit of shareholders - an MOU with National Gas, £3m in the bank, UKOG has emerged stronger from its suspension.

It's more difficult for the derampers to speak of spiral finance, too!

Their hydrogen projects are long-term, management isn't here simply for the benefit of short-term traders who pile in one day and pile out again the next.

The return from suspension, the MOU with National Gas, the raising of £3m overnight from subscribers, this is all very positive for UKOG's future outlook.

The last placing was for £400k (21/02).

This is a raise of £3m - they're back in business, management would have been remiss not to have seized the opportunity.

Additionally, the proceeds will also be used to complete economic modelling to further discussions with energy infrastructure and sector specialists with the object of securing a key strategic joint venture partner for UKEn's hydrogen storage projects.

At 0.03p.

That is UKOG "saved", well done management!

Could we now see an industry player take a stake in UKEn?

Issued capital: 16.42bn

according to the rival site (which double counts negative trades) volume was 18.3bn shares.

Donald Oleforo, Head of Hydrogen Business Development, National Gas, commented:

"At National Gas, we are committed to working together with industry, government, regulators to develop the core hydrogen network that will facilitate Britain's place as a world-leader in hydrogen production and storage. This important industry partnership with UKOG is recognition of this potential and marks our joint commitment to delivery."

To be more accurate: Alba's stake is in HHDL which owns 65% of HH. Hence the different percentages between its ownership of HHDL and its effective ownership of HH.

Robbie,

Alba's stake is not in UKOG but in HH of which UKOG is the majority owner and operator.

UKOG's big rise today should help its ability to raise funds in order to resume production at HH (and, if all goes well, to develop it).

Nice way to greet the return from suspension.

234 trades so far.

UKOG released its overdue annual and interim accounts this evening, at precisely 18:00:

Following the Supreme Court ruling, the Company is working closely with Surrey County Council ("SCC") to restore planning consent via a new retrospective planning submission later in 2025. By agreement with SCC Horse Hill oil production was temporarily shut in pending restoration of planning approval. It is, however, fair to say that, from a subsurface and remaining untapped recoverable resource perspective, Horse Hill remains a strategic asset during our transition to clean power. On the expected resumption of its profitable production operations, the company will assess its future development opportunities so that it can contribute to the funding of our clean energy business (from the interim accounts).

... We will also aim to restore production at Horse Hill in 2026 so that any future revenues can be utilised to help fund our hydrogen ventures. Where appropriate we will also investigate the future repurposing of our existing boreholes to harness geothermal energy via our continued collaboration with one of the UK's leading geothermal engineering companies, Ceraphi Energy Ltd. (Chairman's statement)

... at Broadford Bridge, negotiations are well advanced with CeraPhi Energy Ltd and the North Sea Transition Authority regarding the repurposing of the Broadford Bridge borehole and site into a CeraPhi operated geothermal clean energy agriculture development. As the proposed new scheme falls outside of the Petroleum Sector it does not require an oil & gas licence, requiring Town and Country Planning consent for the development and the North Sea transition Authority's consent to the switch of use and abandonment obligations. The Company aims to conclude an agreement with Ceraphi to proceed by the end of 2025.

... the Company regards the remaining untapped recoverable resource perspective as potentially significant. Consequently, given the restoration of planning consent we consider Horse Hill offers the potential to remain a future strategic asset and to help contribute revenue towards our energy transition Clean Power projects.