Member Info for Penguins

Trish,

the mechanism for support of hydrogen storage projects has been clearly trailed - as recently as the July Hydrogen Update to Market:-

'After engaging with the market and exploring options for the design of the Hydrogen Storage Business Model our minded to position continues to be that the most appropriate business model is a revenue cap and floor mechanism to be awarded via a subsidy competition’

And ‘We are aiming to open the first allocation rounds for the Hydrogen Transport Business Model and Hydrogen Storage Business Model in the first half of 2026.’

So what impactful announcement for UKOG are you expecting in the budget?– any sentence with the word hydrogen in that's usually about funding hydrogen projects far from Dorset – which appears to have become UKOG’s focus.

BP. good point - the alternative is that UKOG believes that the SPs direction of travel is down for the forseeable future- either way the company and the so called investors that dump the shares asap (if not before they're meant to get them) are working against pi - not for them.

One thing is for certain despite ocelot's joy in the belief that 'institutions' are clamouring for UKOG shares (because UKOG says so) they're not doing it to hold for the outcome of the first hydrogen storage allocation round awards.

Mirasol,

There’s no authority remaining to issue shares except over 1.8 billion to the EBT to keep them at 10% - guaranteed to happen before the next meeting so UKOG can ask for about 38 billion more shares, ensuring all the resolutions getting passed - which will delight ocelot that they can add to their salary and share bonus pot again (EBT – +3.8 billion once the next lot of authorised shares are issued) and keep those lights on, though a consolidation is surely also on the cards.

Ocelot,

keep up.

"Strategically Integrated (Connected to Pipelines)"

this is the MOU with National Gas of 01/10/25 and this morning's RNS.'

No the MOU with NG was initially for the dead in the water East Yorkshire site from today's RNS:-

''National Gas (see RNS 1st October 2025), which initially focusses on UKEn's Yorkshire storage opportunity.'

Guess why - because there won't be a Project Union pipeline even to Southampton by the time the first round storage is meant to be in operation in early 2030's. Today's cash is to encourage someone else to say they'll put in a pipeline 'if' UKOG were, against all odds, to get an allocation in the first hydrogen storage round - though where it will be to and from is a mystery without any funded hydrogen projects in the geeral area except at Fawley - 'The Fawley Green Hydrogen project proposes to build a hydrogen electrolyser and storage facility, supplying hydrogen by pipeline to purchasers' - sounds similar but much more advanved than UKOG's plans.

'"Technically Sound (Salt Caverns)" and "Economically Competitive (Low Cost)":

this is what the DEEP.KBB preliminary project design was all about (RNS of 27/01/25)'

A preliminary design would be little more than a desk study - they need a core of the salt at the site to fully assess suitability - as for 'Economically Competitive'

No - what DEEP>KBB said was it was it was cheaper than Portland Port:- 'The Design's resultant increased cycling capacity, lower CAPEX and operating costs create potential for a significantly increased future annual revenue base versus Portland' - whether that's cheaper than anybody else's plans near the industrial heartlands of northern England isn't known.

'The money raised today is not for the £1 billion construction cost'

- did anyone think it was (maybe TH2?).

No it's to generate a series of BS RNS pretending that an application for a site in the industrial heartlands of Dorset (proof Badger Brewery and hints of another) when there have been zero relevant applications that have survived to either award or shortlisted anywhere near Weymouth in Hydrogen Allocation Rounds 1 and 2 hydrogen - except for the Fawley electrolysis project which appears to be in competition to UKOG for production and supply.

Technically Sound? - no caverns have been leeched in the southern salt layer.

Economically Competitve - depends on many factors - may be other technologies on the horizon and there are declining and abandoned gas and oil fields in southern England that could prove much cheaper and 'right size' for early 2030s.

Strategically Integrated - but without Project Union appears to have become a local system, with a competitor at the end of the eventual Project Union pipeline hoping to supply local users.

TH2,

What nonsense. 'read the official news, government material, MOU from industrial and financial partners..'

One MOU which today, as expected, has been admitted to be for Yorkshire despite the claim about Dorset in the RNS.

'National Gas (see RNS 1st October 2025), which initially focusses on UKEn's Yorkshire storage opportunity.'

and as suggested 'This MOU sets out both parties' intent to collaborate on the development and implementation of Project Union and its direct connection to UKEn's planned onshore salt cavern hydrogen storage facilities in East Yorkshire and South Dorset' no mention of Dorset later - which confirms it isn't for the first round - and if there's no Project Union to Southampton where is the non-existant hydrogen pipeline taking the hydrogen to? Badger Brewery?

'Official news, government material' is all about the Industrial heartlands in the NE and NW and sometimes Wales - but but but Dorset was mentioned in PMQs so Kier could boast about the 2.3bn already allocated to everywhere else.

And there are no 'financial partners' or MOU with any.

Surely even ocelot is embarrassed about this level of deception or let's be honest - lying.

'This morning's share price decline looks to be well overdone since it values the business itself at just £0.7m.'

.....and?

They keep suggesting that without demand, supply and transport the Dorset storage is a non-starter - and none of these things exist, or have had any formal applications for government support as yet.

They appear to want to spend £5 million cajoling others to support their plans - then what, more cash for 2 dead in the water applications for support in the storage round for Dorset and East Yorkshire - Dorset because it's the wrong place at the wrong time and East Yorkshire because it's the right place - but the wrong company.

Ocelot flip flops between posting as a trder where even if the company is cr*p it doesn't matter as long as the SP rises - and then promotes the cr*p projects as if the company is fantastic.

'Is anyone seriously suggesting that the stock should be sold now after it has suffered a decline of 23% since 8am?'

Isn't that the sort of messaging you've been peddling as the SP dropped from the NG MOU spike, when it would have been advisable to sell at any point before today.

In fact you have always claimed it's day one (again) every time UKOG stuffs investors no comfort for those foolish enough to believe anything UKOG hope for and you promote.

Has SS yet another dodgy MOU to spring on the market so the pumpers can prey on the greedy as there were plenty that profited from the NG MOU pump and dump, and plenty who got caught and held in the hope that SS would pull another rabbit from the hat - except that MOU wasn't all it was cracked up to be, more of a decomposing rat.

So we now learn that, as has been pointed out, that UKOG admits the NG MOU was really for East Yorkshire where UKOG doesn't sta d a chance of getting government support.

So now they need to pay someone to talk about a pipeline in Dorset.

There's not going to be any supply from elsewhere of hydrogen so they need a cunning plan for that, and meanwhile the heavy industries in Dorset are few and probably far between (literally) meaning justifying the cost of pipelines to single users may be prohibitive.

Then there's likely competition from the Fawley hydrolysis plant that at least made the shortlist for HAR2 - meaning it's way ahead of anything UKOG is doing - and is also touting for business.

......and instead of a thoroughly explained business plan with forecasted expenditure there's arm waving, BSing, and a scattergun of LOS that mean less than the meaningless MOU from NG for anything UKOG re likely to do.

....and still the desperate, trapped, rampers see every silver lining RNS, that always has a cloud, as if SS is leading them from the bottom of the ocean rather than a ruse to help the placees dump their shares in another pump.

UKOG has never delivered, and the Dorset storage dream is starting to look as if it's going the same way, what's next SS talking to Haven Holidays - Hi de Hi!

So company worth only the cash it's raised intends to:

Collaborate with a pipeline provider - £500,000 might pay for a MOU but not their share of a pipeline.

Build an electrolysis plant to supply hydrogenF, found a brewery that would like to go green in Blandford Forum

Build 2 near billion pound salt cavern storage sites one in direct competition to a salt cavern site already in operation, the other needing a pipeline, demand and hydrogen production that in normal circumstances would justify the need for huge sstorage.

Did anyone mention a windfarm to hopefully supply the electricity for the size of electrolysis plant needed to fill said storage in Dorset before Project Union gets to Southampton, the competition from a HAR2 shortlisted project at Fawley - besides the ExxonMobil Refinery.

Hilarious,

the compay that was going to be the leader in providing 27% of UK's oil consumption from the Weald - 'planning' to build the largest hydrogen storage in salt caverns finds brewery needing green hydrogen in the same county.

When indeed - but there's plenty of unknowns eg - project Union stops in Southampton about 50kms away so what pipeline, where's it coming from - obviously not from the northern production backed in HAR1 as there won't be a national grid in place for early 2030s - if locally an electrolyser for green hydrogen needs cheap electricty - expected to be from windfarms but there's only one off the south coast at Brighton - and . How much hydrogen would consumption would be needed to justify a dedicated spur off any Southampton to west of Weymouth link.

As for HAR2 - Shortlisted are 4 in the South, St Austell, London, Kent and Fawley adjacent to Exxon Mobil - 'The Fawley Green Hydrogen project proposes to build a hydrogen electrolyser and storage facility, supplying hydrogen by pipeline to purchasers.' erm - isn't that what UKOG want to do but don't have the hydrogen, a pipeline, storage or cash to do it?

'So the business itself is valued at £2.65m or 0.008p per share.'

That assumes they have £4.5 million as the fees would have taken up to 10% - and whether they were running on fumes by October - ironic the value of Horndean etc probably covers the fees when that sale goes through - shows how wasteful these raises are.

But as for the company being valued at £2.65m - perhaps you'd like to explain what's worth that as acccording to the last RNSs that mentioned the 2 sites one was secured by 'Heads of Terms' and the other the lease was being negotiated.

So an agreement to lease a patch of land remote from hydrogen infrastructure - with no doubt get out clauses, the other which is located near a already planned extension of salt cavern storage for hydrogen possibly still under negotiation - which may continue until it's obvious the site is a non starter and UKOG fire up the BS (and confetti) machine for Horse Hill.........the ashes from the pheonix

Worth £2.65million?

If after a meeting with governemnt a company has information that indicates that one of its planned projects doesn't stand a chance of achieving one of its objectives should that information be passed to its investors rather than 'tweet' about a productive meeting - which could mean anything - that was than revised to 'positive and encouraging - but not what it was positive and encouraging for - the second or subsequent rounds, far in the future maybe?

Say, for example, that the government minister made it clear that they were still 'minded' to award any hydrogen storage allocation in the first round to storage that has access to a regional transportation network that links production, heavy industry and storage - something that there's zero chance of being in place in Dorset for the ambition / objectives for hydrogen in the early 2030s.

What's odd is that anyone posting these hydrogen articles believes that they are significant for UKOG, can they not read, do they not understand that the idea of a East Yorksire site adjacent to Aldbrough (which doesn't appear to have been leased - surely UKOG would have mentioned it?) was a kneejerk reaction to the Hydrogen Storage Business Model released in December 2023, Here's an extract which isn't encouraging for Dorset:-

'Ambition for the first allocation round

Our ambition for the first allocation round for hydrogen transport and storage infrastructure is to support up to two hydrogen storage projects, at scale and associated regional pipeline infrastructure. These should be in operation or construction by 2030.'

and this from the 2022 'Hydrogen transport and storage infrastructure minded to positions':-

'The early objective of this business model will be to encourage the development, construction, and operation of hydrogen transport infrastructure to

support this ambition. This is because increasingly large transport infrastructure will be needed to link hydrogen producers with consumers (e.g. in industry, power, transport and potentially heat) and storage facilities.'

and that's certainly the 'position' the government appears to have taken with regard to support of hydrogen transport ie 'North of Scotland, including Grangemouth, and the North East and North West of England' and 'critical industries across Teesside and the Humber region'.

Of course linking these articles is just an excuse to quote the millions being spent and infer they are going to help UKOG.

Someone tell ocelot that the RWE LOS was in August

and that even the excerpt from RWE clearly shows that the north of England are the areas that are receiving support - and that's where competent and experienced operators are planning hydrogen storage in competition to UKOG's proposed site in East Yorkshire - with 2 hydrogen storage projects, conversion of Rough and extension of Aldbrough - then there's EPP Mesh project in the NW which is also advancing.

None of the money for project Union is for a link to the south - here's another extract from the article:-

'The two new projects will lay the groundwork to connect regional hydrogen industrial clusters in the North of Scotland, including Grangemouth, and the North East and North West of England. Funding for the East Coast section was announced in June and will connect critical industries across Teesside and the Humber region. '

Not much mention of the industrial clusters of Dorset - perhaps because they don't exist.

Even the MOU from NG was evasive about when project Union would reach Southampton, the nearest destination to west of Weymouth, some 80km distant, vs this comment about East Yorkshire by UKOG:-

'Project Union's first phase, scheduled for operation by 2032, aims to connect the East Coast hydrogen cluster (Teesside to Humberside) with an envisaged routing to connect with UKEn's East Yorkshire hydrogen storage project.' - although in reality routed to connect to SSE / Equinor's planned extension to Aldbrough storage which is near where UKOG are negotiating for a site.

TH2,

As they only TR1'd when they passed 10% they can only be holding as a market maker - or at least should be.

Maybe it'll be their undoing - buying more in the hope it gets posters like yourself claiming it's an investment rather than hope of a quick turn on non news.

TH2,

Think you'll find it was UKOG praising the Minister, and the funding mentioned in PMQs in March has already been committed to hydrogen projects mostly in the North of England.

In June the government identified £500 million of investment for infrastructure and jobs

'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.'

No mention of Dorset there.

....and more recently it's clear that thefirst regional hydrogen transport network, part of Project Union, to be completed will be in the North East.

'At this year’s Spending Review, we announced investment in the biggest nuclear building programme in a generation, Britain’s first regional hydrogen network and carbon capture in Teesside, Humberside, Scotland and the North West.'

.......and the HAR2 liist lead to this - which is a planning application which encompasses the Aldbrough Hydrogen Pathfinder electrolytic hydrogen production.

From a link on SSE Thermal's website.

Planning – Application Summary

24/02391/STPLFE

Construction and installation of infrastructure for the production, storage and retrieval of electrolytic hydrogen for the generation of electricity using an Open Cycle Gas Turbine and reinstatement of an existing brine discharge pipe and other supporting infrastructure, together with demolition of four existing structures consisting of a small warehouse, site offices and two redundant former brine settlement tanks.

Gas Storage Facility SSE Hornsea Limited Garton Road Aldbrough East Riding Of Yorkshire'

If the electrolytic hydrogen production project gets an HAR2 allocation the writing's on the wall for UKOG's hopes of an East Yorkshire storage project - and the chances of a successful application were already slim with rival storage projects from credible applicants.

This project lines up perfectly with the governments wish for production and storage being in close proximity with transportation near by, and of course there are multiple windfarms aleady located off the East Coast to provide excess electricity.

UKOG negotiating a lease still? - SSE already has a planning application in.

The hydrogen investment most likely to be announced would be about HAR2 as the shortlisted projects were announced April this year:

'The shortlist contains the following 27 electrolytic projects across England, Scotland, and Wales: 

Project name Lead developer Location

Aldbrough Hydrogen Pathfinder Aldbrough Pathfinder LtdNorth East

Bardon Hill Hydrogen Hygen Energy Holdings Ltd East Midlands

Binn Ecopark Hydrogen Facility Binn Ecopark Hydrogen Ltd Scotland

Creca Hydrogen Facility Green Cat Hydrogen Scotland

Fawley Green Hydrogen Hynamics Limited UK South East

Grangemouth Green Hydrogen RWE Generation UK Plc Scotland

Green Hydrogen 5 Green Hydrogen 5 Ltd Wales

Grenian Hydrogen St Helens Grenian Hydrogen Ltd North West

Harper Lane Hydrogen Hygen Energy Holdings Ltd Greater London

Hartlebury Green Hydrogen Carlton Power Ltd West Midlands

Humber H2ub® Uniper Hydrogen UK East Midlands

Irvine Green Hydrogen Project ScottishPower Scotland

Lhyfe Kemsley Lhyfe SA South East

Lhyfe Wallsend Lhyfe SA North East

Magor Net Zero Magor Net Zero Ltd Wales

Pembroke Green Hydrogen 1 RWE Generation UK Plc Wales

Selms Muir Hydrogen European Energy UK Ltd Scotland

Shetland Hydrogen Project 1 Statkraft Hydrogen UK Holding Scotland

Singleton Birch Kilns Centrica Energy Storage Ltd East Midlands

South Tees Net Zero South Tees Net Zero Ltd North East

St Austell Green Hydrogen Four Zeros Energy South West

Strathallan Hydrogen Facility Strathallan Hydrogen Ltd Scotland

Tees Green Hydrogen Phase 2 EDF Renewables Hydrogen Ltd North East

Teesside Green Hydrogen MorGen Energy Ltd North East

Tyseley 10MW Motive Fuels Ltd West Midlands

Walsall Green Hydrogen Carlton Power Ltd West Midlands

Whitelee Green Hydrogen Phase 2 ScottishPower Scotland

Government is pleased to announce this next stage of the HAR2 process and looks forward to working with industry to deliver its vision for a thriving low carbon hydrogen economy in the UK.

Shortlisted project developers should continue to develop and further mature their projects, whilst aiming to drive down costs in accordance with the Cost Challenge Document we have published.

A project’s inclusion on the shortlist does not guarantee Government support and, similar to the First Hydrogen Allocation Round (HAR1), it is unlikely that all projects will be successful. As such being on the shortlist does not imply availability of funding for any of the shortlisted projects. 

Note the wording at the end = storage and transport will be similarly treated.

A shortlisted project will need to pass a rigorous due diligence stage in order to progress to the next stage of the allocation process and our decisions on which projects will be successful will be based on value for money and affordability.

We will provide a further update on the HAR2 process in due course.

TH2,

'Could be an interesting couple of weeks ahead now.....the government are in a pinch and keen to grab any good news they can announce.....Hydrogen investment in UK infrastructure (transportation and storage) , job creation and cheaper domestic energy for all.'

Even ocelot realises there can't be any 'news' about investment in transportation and storage until the Ts&Cs are published, which the government has indicated will be H1 2026.

That certainly won't be issued until the government has issued the updated hydrogen strategy that they have said will be before the end of the year. Tydrogen investment likely to be announced