Member Info for Penguins

Latino,

Institutional investors, high net worth individuals etc, aren't charities - that role is for the private 'investors' who end up paying maybe £5 to £6 million for the shares wholesaled for £4.5 million.

Who wouldn't, if they are well connected, buy something for £0.0003 to sell most of them immediately for more?

....and of course the intermediary 'pumpers' who try to stoke the frenzy to buy the golden tickets promising riches beyond belief if you hold.

Here's a scenario vagabond:

You buy 10 billion at £0.0003 which you haven't got when you sell on the spike 5 billion (or whatever number it is) at £0.0004 shares you haven't got (+33%)

As it drops (and you realise you're not helping the SP but want to get out before TR1 time so maybe an average of £0.00033 (+10%)

You know what happens next so want to exit ASAP - so maybe another load just under £0.0003 (-3%)

.......and then run out the last billion (hopefully less) at an average of -10%.

Chances are you could easily make at least 33% of £1.5 million - £500,000, not a bad return (16%) on £3 million for a few days work.

The alternative of holding shares you only bought because you can make a very fast buck is not buying them - not holding on to them.

Of course the numbers could be wildly different and maybe some of those that bought below the current SP are bailing as well - seems only those that ramp UKOG forget the aftermath of raises on 'pumps'.

......this from the June government press release OldAIM linked titled '£500m boost for hydrogen to create thousands of British jobs' which sounds like good news for UKOG, but reading it it's clear why UKOG didn't choose this bit to paste on X as if it was good news.

'This major infrastructure boost will help deliver clean energy while creating thousands of skilled jobs in industrial regions such as Merseyside, Teesside and the Humber.....'

Unusually TH2 realised there was a problem:- 'Next announcements must be targeted at the southern cluster.'

Still waiting...

I haven't looked but I suspect those posting these tales of 'shorts', America buying (haven't seen that one trotted out for ages) and all the ramping 101 warnings ha e been posting the same BS on other shares they post on.

OldAIM

It's not entirely clear what the government will be funding it seems more to do with making sure the pipelines are in place - but this bit did seem clear:-

'This major infrastructure boost will help deliver clean energy while creating thousands of skilled jobs in industrial regions such as Merseyside, Teesside and the Humber, as well as in the supply chain. This will ensure communities across the country feel the benefits of Britain’s renewal while reducing reliance on volatile international fossil fuel markets.'

Now I have been accused of deramping by saying that the government's focus, certainly for the early 2030s and thus for the first hydrogen storage allocation round, seems to be the north east and north west of England.

Now I have looked at the press release which is vague on exactly what they'll be funding but even though there's mentions of other initiatives in Scotland, Wales, East Midlands and Suffolk there's no mention of Southern England, and certainly nothing about Dorset - perhaps because it isn't the Industrial heartland of the UK.

I suspect UKOG saw the writing on the wall in December 2023 from reading the HSBM and scuttled around trying to lease a site in the NW - but are avoiding signing an expensive lease on a site that has no chance of being selected for an allocation of revenue guarantee as either SSE or Centrica are likely to 'win' in the NE and if the MESH project in the NW doesn't get chosen Centica and SSE will both be chosen.

It's no coincidence they've started talking up Horse Hill.

Oops

Miscalculated the time in UK the 8th was the day the 10 billion shares were supposed to hit the market thus over 28 billion shares and the 9th (now today) the 1.66 etc billion shares - thus about 30 billion shares. How many were in being trading may be another matter.

Frontiers,

Of course relative to made up stuff some posters appear to be negative (doom squad) and post often because there's a lot of posts that ignore reality.

Odd you mention Loxley as UKOG relinquished the licence. Maybe you mean Horse Hill where they need to re- apply for planning permission which seems to have only just occurred to them - perhaps they're expecting bad news on the hydrogen storage front - UKOG has made a habit of look over here projects when the last one is failing (without mentioning the last one is failing) though a bit of a novelty bringing one back from the dead.

As of yesterday the market valued UKOG at approaching twice the £4.5 million raised as there were probably 28 billion shares, and today nearly 30 billion.

The company needs committed funding to apply for the revenue guarantee (state backed contract)and applying for it doesn't mean getting it as it will be a competitive process and if UKOG leads it an examination of the Company's record will take place, though ignored here. The NG MOU is window dressing for the punters - just formalising a process that any company with a potential need for connection will be considered - as the NG Project Union stops at Southampton that's a ca80km pipeline needed to be laid to get to west of Weymouth that NG won't be laying - UKOG needs SGN to do that and it may not be their priority

Ocelot,

UKOG appears to hope that the forget about anything UKOG has done previously because what matters now is what we're claiming will happen next rule you like to think exists applies to their 'negotiations' or 'discussions' with someone to pay the £800,000,000 for one, or £1,600,000,000 for two hydrogen storage sites - since January 2024:-

discussion with a significant international trading house' in January 2024

'negotiations with identified prospective strategic joint venture partners' in August 2024

'advanced discussions with an energy infrastructure investor' in November 2024

'continues discussions with several energy infrastructure investors' February 2025

'continue negotiations with identified prospective strategic joint venture partners' August 2025

'to further discussions with energy infrastructure and sector specialists with the object of securing a key strategic joint venture' October 2025

This list may be incomplete but it does look desperate, nearly 2 years flipping from getting to 'the one' then back to the phone book - discussions with one then negotiations with more than one then advanced discussions with one then continues discussions with more than one then continue negotiations with more than one and now further discussions with more than one......

What's next, discussions or negotiations with one or more than one?

...and don't forget they've previously suggested that part of a raise be used to help negotiations/discussions along - August 2024, raise of £1,000,000, 'The funds will also permit the Company to further negotiations with identified prospective strategic joint venture partners'.

Maybe this time......

Though any serious business, looking at what's happened over the past week, might not like being used as a prop in UKOG's games.

How posters think that market manipulation only works one way.

Holding the SP down, not letting it go etc.

What about pretending there's none to sell at a price to give the impression that they are short of shares to sell - then selling loads at that price until those buyers dry up - and then drop the buy price.......

I can't see how that works (nor not letting the price rise if the market will bear it) but it looks like what happened this morning - maybe one of the placees took longer negotiating a sell at a small loss - having made a killing on the P&D - perhaps worth it to avoid admitting ownership of 3%+ of UKOG in a TR1 ....... maybe there will be a large late reported trade at the end of trading.

Don't get too excited:-

'It indicates that by around 2031, the UK’s first regional hydrogen network should be operational (i.e. transport + storage + production connectivity).'

Not going to be Dorset is it.........

......and the Yorkshire site (assuming they can secure the lease) will be waaay behind the competition (Centrica & SSE).

....butnot the South Pole.....

Oh, and to clear up another misconception I'm not posting all day and night - it's just that currently I'm based elsewhere for a short while.

Richar,

Not a deramper just a realist.......ever thought of calling out any of the posters still making absurd claims - or the pump crew last week that seem to no longer post (here) having got out before the inevitable slow decline.

....and that alone illustrates that the frenzy over the NG MOU was based on no more than hype

All That's left are the posters who have been here forever hoping that incessant ramping will help them get their money back, and those 'newbies' who have yet to realise it was a P&D, and wonder why there aren't still 400+ posts saying how great UKOG will be - but without any analysis why - just repeating selected bits of the oh so reliable UKOG PR that's launched billions of shares into the hands of the hopeful

Stockraiser

I know but apparently jamestrader71 thinks otherwise posting 'and a JV agreed with National Gas '

Yes it's stating the obvious but some posters seem to avoid researching what they say and somebody reading these posts may believe they are true and the supposed derived "analysis'.

No I don't hate UKOG but I hope everybody, including you, wants the truth posted - and honest, justified, opinions- and I've made it clear why I think the MOU is worthless because NG won't be laying the connection from these sites to their grid and they would collaborate with anyone asking for a connection to a potential site, and at best at the moment that's all UKOG's is doing.

There are still nearly 3,250,000,000 shares remaining for placings

At the General Meeting UKOG asked for, and got, authority to issue 18,249,134,662 being equal to the number of shares in issue at that time.

There's been just under 15 billion placed since then - 10,000,000,000, 3,333,333,330 and 1,666,666,666.

There is no JV with National Gas, it's a non-binding MOU, if it was a JV UKOG would have said so.

The government is not funding the construction of hydrogen storage sites, when the hydrogen storage round is launched in H1 2026 it is expected that companies that fulfil certain conditions (progress of plans, full funding committment, pipeline connecting to the national grid) will be invited to apply for a revenue guarantee - setting a tariff level where the government will make up any shortfall. An updated hydrogen strategy paper is expected in 2025 from government which will also guide the process for the two hydrogen storage locations expected to be selected - so there is no government backing until then. Meeting with officials or mentions in Parliament do not constitute support for the project/s. UKOG also hasn't stated since negotiations to lease a site in Yorkshire were underway last year that those negotiations have concluded.

It may be that the strategy paper gives a clear indication of where early 2030s hydrogen projects in general will be required - an early indication how likely a storage site will be selected.

This is opinion but are these raises insurance to keep the company going if the hydrogen strategy paper suggests the Dorset site won't be likely to be selected - they've doubled up raising before to carry them through lean news periods.

Ocelot

For something seemingly so important the restoration of planning permissionat Horse Hill since the high Court ruling in June 2024, and suspending production a year ago, hasn't appeared to be a priority until now. With production from HH-1 at below 30bopd and over 50% water cut any costs involved in restarting production may take a long time to recover.

It will be interesting to see what the revised plan for production will be - UKOG has never mentioned daily oil production since early 2020 (300+ bopd that didn't even last to the second month of production), and barely acknowledged there was water production let alone the increasing water.

UKOG has never been clear about the profitability of HH, nor since the start of production made public their forecasts - though mentioned they do them in Annual Reports to support their valuation. Though during testing and prior to production start they regularly predicted levels that never looked likely long term.

James,

Why post something so easily checked......and just because you tried a few times and failed doesn't mean anything with a volatile high volume share trading is often halted for a short while

and while you're about it what JV partner have UKOG got, what's the government bit of 'a national government project that has been confirmed as of national significance' and who confirmed it as of national significance, and how do you know that the ii and IHNW haven't sold already - the late reported 333,333,333 trade on 2 Oct looked suspicious as did the other large trades.

Be odd if there's no TR1s over the next few days holding these placings amounts.

As for fully funded - for a few studies and more important salaries while there's nothing happening, or worse the government hydrogen strategy clearly identifies the NE and NW as the place to be which I suspect UKOG worked out from early 2024 when they looked for a site in Yorkshire, and are now looking at a local scale storage project in Dorset for when west of Weymouth looks like a non starter.

MIKODX,

What more news is likely in the near future from NG.

They won't be running pipes between their grid and any UKOG site - they're agreeing they will work with UKOG to enable a connection to, in this case, Project Union - just as they would for any company wanting a connection to the grid. Maybe the unidentified site in Yorkshire is near the Project Union pipeline, west of Weymouth isn't.

'Both parties also recognise that the connection of hydrogen storage facilities to transportation pipelines, such as those planned by UKEn and National Gas, will be essential to the effective future operation of the UK's hydrogen network.'

Read this in the knowledge that 'the connection'..... 'to transportation pipelines, such as those planned by'....'National Gas' will require someone else to lay it.

It was a scripted answer to a planted question by the South Dorset MP.

....... and of course 'potential' the word used by UKOG to describe the next transformational project (and the last one that's predictably doomed) that just needs a bit more cash by selling shares - much easier than being successful.

Oh the delusion is strong - o0% in tight hands - more like spiked hands hoping for another....

As for the authorised issuance of shares remaining.

At the General Meeting UKOG asked for, and got, authority to issue 18,249,134,662 being equal to the number of shares in issue at that time.

They have recently placed 14,999,999,999 shares so nearly 3,250,000,000 remain for placings.

They've not had an AGM since May 2024 so there's a possibility they'll hold one of those.

If they were to they would also probably add 1,499,999,999 shares to the EBT before the meeting and then could without further placings ask for authority to issue 33,749,134,661 more shares. If they have another placing before that they could ask for more, and top up the EBT - which because all the shareholders stuck with the shares can' be bothered to vote guarantees them approval