Member Info for Penguins

Made it up,

makes up a 'RNS update' that's complete fiction.

argues that a fictional RNS means that the current asset values in the Annual Report are therefore meaningless - though I'm inclined to agree where the 'intangibles' are concerned.

Any company 'investing' £200mm in Portland port would want a minimum of 95% of UKEN - and their heads examining as even UKOG has found 2 alternatives since the framework of the H2 storage allocation round was announced last December - doesn't that suggest something isn't quite right - even a certain someone with an eye for vanity projects (and a well paid contract) surely doesn't believe that UKOG would be supported to have 30 to 60% of the UK's H2 storage needs in 2050

Noticeable that ocelot ignores the tangibe asset figure which is wrong.

Tangible assets are about £4.7mm, mcap £4.5mm

So market cap to net tangible book assets is 0.96 - more or less 1.

The valuation of HH, the largest element of tangible assets, is, unusually, not from a CPR but determined by the BoD - this avoids 'investors' getting a full assessment of the past and future expectations of production from HH - perhaps the cost of a HH CPR would be a sinificant part of the current value given that water cut has surpassed 50%.

The intangibles mainly consist of the forgotten no longer core business 'assets' yet to be proved - Loxley and the rest of HH - they possibly still carry some value for BB and Turkey.

Madeitup,

you still don't (or more likely don't want to) get it - GBEnergy is not supporting storage projects - most, if not all, projects are to do with energy production in some form or another. The support fot storage is being made through the H2 storage (get it - storage) allocation round - and they're not handing out cash just a guarantee of paying back the build cost through revenue (when there's revenue) - anyway aren't you certain that UKOg is about to be funded by International Investment

Nowhere does GBEnergy mention involvement in storage or distribution but you posted (made it up) 'GB Energy’s objectives are the production, distribution, storage and supply of clean energy'.

This is what they are concentrating on:-

'Accelerate new nuclear and position Britain as a leader in technologies such as floating offshore wind and tidal. It will also partner with the private sector to accelerate the rollout of more mature renewable energy generation technologies such as wind and solar.

GBEnergy is involved in enery generation projects.

I wonder why you're so intent on misleading anyone reading your posts.

As for the filter king - that's because reading about what is really likely to happen in the future isn't what ocelot wants to read - which is either ramping nonsense or UKOG PR - it also means no need to justify or respond to any pushback.

Mad Ed maybe, but is he likely to contradict a decision made in the allocation round based on the framework laid out which effectively says where H2 production is planned gives a good indication of where infrastructure could be placed - 'The location of production plants currently planned in the UK to 2030 provides a clear indication of where early infrastructure could hold strategic value in the near term.......'

I doubt the history of UKOG will be as much of a problem as the location and need for a long pipeline - maybe two, one in, one out

The political angle could also loom large with the previous attack line about ignoring the 'red wall' - the easy choices would be in the NE and NW of England as long as there are applications for storage from there.

The GB Energy projects seem to generally be local, small and medium scale, and about producing electricity - nuclear, wind farms, solar and tidal.

Made it up,

Not sure that GBEnergy has anything positive for UKOG at all.

Their 3 priorities are:-

1. new technology in floating wind, tidal and hydrogen power

2. Scale and accelerate mature renewable technologies such as wind, solar and nuclear

3. Scale up local energy - to help create a more decentralised energy system - actually sounds anti- large scale storage......

Here's what the web site says:-

'Great British Energy will have three initial priorities working alongside private partners:

1.Co-investing in new technologies: Great British Energy will help speed up and scale the deployment of new technologies, with public investment helping to crowd in investment in areas like floating offshore wind, tidal power and hydrogen as they develop into mature technologies.

2. Scale and accelerate mature technologies: Great British Energy will also help scale and accelerate the roll-out of mature technologies, like wind, solar and nuclear. It will partner with existing private sector firms to speed up deployment of mature renewable technologies to meet our ambitious clean power timelines. It will also build organisational capability and expertise to deliver energy megaprojects like nuclear power stations, reducing project and construction risk.

3.Scale up municipal and community energy: GB Energy will partner with energy companies, local authorities and cooperatives to develop 8GWs small-scale and medium-scale community energy projects. Profits will flow directly back into local communities to cut bills, not to the shareholders of foreign companies. This will help to create a more decentralised energy system, with more local generation and ownership, and will help to create a more resilient energy system.'

The storage allocation round is what may help UKOG, but every time there someone posts something supposedly positive for UKOG (except UKOG's PR) it looks more and more like it might not be one of the chosen projects for an associated storage & transport allocation.

Not sure that it's the smartest thing to do, mentioning the MESH project:-

'MESH, located only 11 miles from the Lancashire coast, is ideally located for energy storage, being surrounded by 7-8GW of existing and planned offshore wind power, near to late life reusable gas pipelines and infrastructure, and UK's leading CCS projects. MESH is well placed to supply energy to the UK's markets, being close to the high populated and industrial demand centres of North-West England. EnergyPathways has identified a number of opportunities to help bolster decarbonisation of industrial clusters and gas power generation through the region.'

Pity all UKOG can do is hope that RWE get round to planning a production plant that they claim is planned- 80km away in the Solent area.

and LSE reckon mcap is over £3mm, and the project appears to be massively cheaper (less than £100mm) and probably deliverable by 2030 - and perhaps EPP hasn't a miserable record of failure.

Rather than look at the government information about the storage round that UKOG appear focused on here's an article from somewhere else that basically says the government isn't doing enough - not sure that's a positive.

Hydrogen UK is always going to be pushing for more because it's the industry body and they'd love the government to hand out more cash.

Adrian,

You haven't answered my earlier question, and you were the shorts friend because your reports of tankers sometimes got the SP to rise on the 'tanker trick' of UKOG sending out multiple tankers - and your complicity by not mentioning some were waste tankers - which implied that production had improved when it hadn't - so the rise quickly evaporated and anyone taking a bet against a further rise (if they could find someone to take it) would win. Maybe you made a quick buck because you knew to sell on the rise before reality hit.

Anyone that pointed this deception out was called a swampy or some othe

Adrian,

You must stop trying to pretend 1) you're a new poster, 2) you know the slightest thing about O&G E&P or H2.

'Dont they realise UKOG Have the leases on all the best chalk geology in the south'

What on earth are you posting about. What leases, for what, chalk - are they going to resurrect schools using blackboards?

Far more important will they tweet it again so ocelot has something to post, and will they miss off the 'H' for consistency - by the time there is funding will there be a message left?

Judging by previous optimistic RNS or tweets if funding doesn't happen it will be quietly forgotten.

As for TH2 according to TH2 posts:-

topped up at about 0.08p on 5 September,

and topped up close to the placing price on 15 August at 0.0535p

and was back in yesterday.

Always topping up and back in but luckily is so comfortable with UKOG never sells.

Not sure TH2 understands that anyone can see past posts.

Gullible as despite having been deceived and mislead by UKOG tweets and RNS for years (and loves supporting other ramping posters during pumps) still wants to believe that their claims are 100% going to happen.

it's a day nearer today (if it happens) surprised they haven't tweeted again - but I suppose today is a day further away than tomorrow.....etc etc.

Even with funding getting an allocation in the first round isn't guaranteed, location not ideal and needs maybe 2long pipeline to get to a pipeline going anywhere H2 might be used in 2030or produced - and that would almost certainly be a condition of any funding as the Sovereign guarantee to the revenue floor gives those bankrolling it insurance against the project failing to make a profit - the bankers get their money back regardless as long as the facility is built.

Oh dear - and I realise it's like shooting fish in a barrel - but which to believe:-

'back in today'

or

'TrollHunter2 Posted in: UKOG

Posts: 2,059 Price: 0.081

No Opinion

RE: Positive 5 Aug 2024 08:26

Major partner lined up!!!

This is going through the roof......just topped up at this much lower price....a gift :-)

GLA'

or this:-

'TrollHunter2

Posted in: UKOG Posts: 2,059

Price: 0.0535

No Opinion

Top up close to placing price!!!! 15 Aug 2024 11:30

I just did exactly that and am very keen to see the news flow with the talks continuing post holidays and end of month placement shares settlement.'

No wonderthey hate anyone looking at their past posts...

anybody else think TH2 is saying this stuff to encourage others to buy - the worst kind of trolling.

I presume you've never sold a single share in UKOG as that would be a betrayal and trying to destroy such a great British Company as UKOG that has converted tens of millions of pounds into dust.

You have so many times over the years claimed that UKOG's SP is 'cheap' yet overall the market (minus the P&Ders) has decided it's over valued. A few days when you can sell, then buy back in what you hope is a low....'I'm all in again' - surely you weren't 'out'.....shock horror......sort of shorting selling high then buying back at what you hope is a low.

Now, like Adrian, spinning UKOG's vague claims as if they are definitely happening - just like all the previous UKOG claims that have failed to materialise,.

UKOG picked up a lapsed planning permission which predated any government support and the framework for allocating it. The fact UKOG have since identified two other sites, one in Yorkshire the other in Dorset (that would require a shoter pipelin)e since the framework was published could mean that the Portland port location might not be as ideal as they hoped as it is not close to other infrastructure and users - and they are very dependant on SGN applying for a Transport allocation to make the cut for the first round.

Stockraiser,

Negative, relative to all the 'positive' posters yes, relative to every outcome so far definitely not.

Posting on this board is not reserved for those that just use the same BS on every board they post on, and then disappear, or repeat reams of uKOG PR claims as if it's a reliable commentary on what's going to happen.

Apparently this board, if you look up, is described as 'share discussion for UK Oil & Gas'. Maybe you think it should also say positive views only allowed, but it doesn't.

Stop making things up there's no 'Investment TICK!!'; there's no 'Pipeline TICK!'

Repeating it doesn't make it true

and although RWE has planned green H2 production plants they aren't in the Solent cluster according to RWE, and as Stockcheque thoughfully posted:-

"The location of production plants currently planned in the UK to 2030 provides a clear indication of where early infrastructure could hold strategic value in the near term, and the opportunities to develop hydrogen storage at scale to these timescales are limited to onshore locations with suitable geology for salt caverns.'

Where production plants are is where infrastructure (such as storage) would be of strategic value

Like the NE and NW where there are plans for H2 production (eg NW - Essar Energy Transition (EET) Hydrogen - Plans for a 1.35GW blue hydrogen production facility have been approved by a local council in Cheshire. NE-RWE -Wilton Green Hydrogen is a electrolytic hydrogen production plant being developed in south Teesside) and there's suitable salt axs there are already caverns in the NW and NE.

So why would the Portland port site be chosen for an allocation in the first round- 2 storage locations will be selected, Cheshire and Yorkshire look better than a remote site on the south coast - we'll see.

As for UKOG they still need to get a funding committment and get SGN to apply for a transport allocation, and someone to get around to planning an H2 production plant in the Solent Cluster - then you can tick them.

Adrian, stop making things up there's no 'Investment TICK!!'

there's no 'Pipeline TICK!'

and although RWE has planned green H2 production plants they aren't in the Solent cluster according to RWE, and as Stockcheque thoughfully posted the

"The location of production plants currently planned in the UK to 2030 provides a clear indication of where early infrastructure could hold strategic value in the near term, and the opportunities to develop hydrogen storage at scale to these timescales are limited to onshore locations with suitable geology for salt caverns.'

Where production plants are is where infrastructure (such as storage) would be of strategic value.

Like the NE and NW where there are plans for H2 production and there's suitable salt - in fact there are already caverns there.

Ibug, beat me to it - but I'll post this antway.

Finally water production greater than 50%, Perhaps UKOG could quote oil cut at 48%.

That's not going to help and I'm guessing (well. pretty sure) that they can't (or perhaps won't) afford to convert HH-2z because every penny is being spent on Portland port - or maybe the new site in Dorset, who knows, they said they would aim to apply for at least one site in Dorset ' The Company also aims to apply for government Revenue Support for at least one Dorset site'

Anyway busy day today - so Adrian, maybe 'bye'.

Adrian,

I didn't say 'never' I posed a question - when?

As it happens I obviously have something you don't, a memory, just like your history here erased every now and then.

Isee you're resorting to childish fantasies about other posters........again.

I'm afraid history is important in assessing how likely it is a company or a person will be right in their predictions. UKOG's is poor, ocelot's is poor because of repeating everything UKOG claim and your record is pretty poor because you make things up.

2022 dates should read 2021

First sentence very interesting remembering the main activity will be in the NE & NW of England and Scotland.

'The location of production plants currently planned in the UK to 2030 provides a clear indication of where early infrastructure could hold strategic value in the near term, and the opportunities to develop hydrogen storage at scale to these timescales are limited to onshore locations with suitable geology for salt caverns.'

Interesting as despite UKOG's claim that RWE are planning production in the Solent Cluster reading RWE's H2 Web page although every other area has some sort of production facility planned there's no mention in the Solent Cluster details. Here's the opening lines of their activities:-

'Pembroke Green Hydrogen is being developed on the RWE Pembrokeshire site with an initial 110MW green hydrogen production project

The Pembroke Green Hydrogen 2 project is a 200MW electrolytic hydrogen production plant

RWE is developing a green hydrogen plant in Grangemouth, Scotland

Wilton Green Hydrogen is a electrolytic hydrogen production plant being developed in south Teesside

RWE has signed a memorandum of understanding with Haltermann Carless to develop a green hydrogen plant in Harwich

RWE is pleased to have been awarded UK Government funding for initial investigative Front End Engineering Design (FEED) studies for an electrolyser plant to produce green hydrogen at RWE’s Didcot site, Oxfordshire. ’

Whereas:-

‘RWE joined The Solent Cluster to provide support..........’

You can read the plans in full here:-

https://uk.rwe.com/innovation/hydrogen/