Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
RNS Number : 4888D
UK Oil & Gas PLC
16 February 2024
UK Oil & Gas Plc
("UKOG" or the "Company")
General Meeting Adjournment
UK Oil & Gas PLC (London AIM: UKOG) announces that as a result of shareholders' questions, it is in the process of taking further advice in relation to the capital reorganisation and the associated resolutions proposed at today's General Meeting. Consequently, it decided to adjourn the meeting for the time being. Further announcements detailing a new date, time and revised voting instructions in relation to the adjourned meeting will follow in due course.
For further information, please contact:
UK Oil & Gas plc
Stephen Sanderson / Guzyal Mukhametzhanova Tel: 01483 941493
WH Ireland Ltd (Nominated Adviser and Broker)
James Joyce / Andrew de Andrade / James Bavister Tel: 020 7220 1666
Communications
Brian Alexander Tel: 01483 941493
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
Oh dear oh dear
🥕13 / MrInvestment and various other names he has gone under, is complaining that once again he got his investment wrong and lost even more money.
Blames everyone and anyone for his poor decisions.
If I were you I would call it a day and you would be far better off financially.
AIM strikes again, another heavily discounted placing coming at #SYN - do the little guys ever get to make money? It seems the only people who profit from these companies are the institutional investors who get to buy in at a discount and sell on before long term PIs catch on.
Ezhik
I met with Steve Sanderson and had a vist around Horsehill in the days when you could make money on AIM
Look where UKOG are now.
These CEO's all tell a good story.
Wish you luck with your investment but needs a 100% increase to get back to the Sept 2023 price.
What a great investment DB made in Beacon
How to invest £650,000 and in less than 5 months loose approx £325k
Heid also ramped and bought shares in Beacon Energy because DB also did and she also lost money.
David Bramhill, Executive Chairman, commented: "In line with our stated strategy to seek growth opportunities in foreign jurisdictions with politically safe regimes, we are very pleased to declare our initial investment in Beacon. We consider the investment to be a good use of capital generated from consistent cash flows principally from our flagship asset at Wressle.
"We have met with the management of Beacon and are familiar with their onshore assets in Germany, which we consider hold impressive scope and upside potential for both the near and mid-term.
"Without doubt we see a synergy between Beacon's and Union Jack's modus operandi and we look forward to the results of what appears to be a very encouraging and value accretive work programme going forward, including the testing of the Schwarzbach-2(2.) well."
What a great investment DB made.
How to invest £650,000 and in less than 5 months loose approx £325k
Heid also ramped and bought shares in Beacon Energy because DB also did and she also lost money.
David Bramhill, Executive Chairman, commented: "In line with our stated strategy to seek growth opportunities in foreign jurisdictions with politically safe regimes, we are very pleased to declare our initial investment in Beacon. We consider the investment to be a good use of capital generated from consistent cash flows principally from our flagship asset at Wressle.
"We have met with the management of Beacon and are familiar with their onshore assets in Germany, which we consider hold impressive scope and upside potential for both the near and mid-term.
"Without doubt we see a synergy between Beacon's and Union Jack's modus operandi and we look forward to the results of what appears to be a very encouraging and value accretive work programme going forward, including the testing of the Schwarzbach-2(2.) well."
The 'Capital Reorganisation' plan is a little complicated but it is effectively a 10 to 1 consolidation and was announced a few days ago:
10 to 1 is pointless as shares will still be in the billions.
100 to 1 would be far better bringing the total share back to in the millions.
Oh dear oh dear.
The following sounds very similar to the UKOG's announcement when they did a joint venture in Turkey.
Union Jack poised to complete Joint Venture agreements with Reach Oil & Gas, in respect of a number of value accretive, exploration, drilling, development and potential production ventures in Oklahoma, one of the highest ranked hydrocarbon production locations in the United States.
Site visit completed, UJO's own technical team have given approval, terms are being finalised.
Two material drilling programmes planned, first well being drilled early Q2 2024
UKOG
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that it has signed a binding heads of agreement with Aladdin Middle East Ltd ("AME"), an independent oil company with 60 years of operational experience in Turkey, to take a 50% non-operated working interest in the 305 km² Resan Licence ("Licence"). UKOG will take an active technical role in a 5-well oil appraisal and step-out exploration drilling programme, which, Covid and weather permitting, is expected to commence this year.