George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Is anyone else having problems with continuing pop ups dropping on level 2 site. I have declined cookies a thousands time , we pay enough for the use of level 2 facilities. It’s driving me nuts, thinking of cancelling it unless lse respects level 2 users choices. I have got a pop up blocker but it still keeps popping up , what a nuisance of a service. Just fed up with it. Should the FCA be looking into this abuse!
3 MM’s are sitting @0.029 so there’s a fat chance that it’s going to move above this price today.Just chill it’s Friday. We’re at MM’s mercy, so relax and the Hickory well will do wonders for us. GLA FOR next few weeks 🤞🏼✈️✈️✈️
Only one mom left at 0.055. I am glad I topped up at 0.0475
Justice 2 U: yes according to today’s RNS: High 3 U total is- 1019-
We just need to sit back for 15- 20 days and if the assessment materialise then sky is the limit. Just chill 😎
MM’s will play all their tricks to make us nervous but if one believes in the developer’s assessment then👀🚀💰
“Table 1: Previously announced Prospective Resource assessment conducted prior to the drilling of Hickory-1
Project Phoenix: Alaska North Slope
Unrisked Gross Prospective Oil Resources (MMstb) 4,5
Prospects (Probabilistic Method)
Low (1U)
Best (2U)
High (3U)
Mean
COS 3
Shelf Margin Delta (SMD A, B and C)
70
224
518
231
81%
Slope Fan System (SFS)
37
134
345
141
50%
Kuparuk (KUP)
39
88
156
89
72%
Prospects Total
146
446
1,019
461 2”
GLA
From the RNS : Before the testing begins-
“Flow test operations update
Current operations involve testing of the BOP followed by retrieval of the kill string from within the well, drill out of plugs, clean-up of the wellbore and change-out to completion fluid. This process is expected to span approximately five days.
Testing operations will focus on the two primary targets, the Upper SFS and the SMD reservoirs (refer Figure 1), which together represent a mean, unrisked, multi-hundred-million-barrel oil resource1,2,3 (refer Table 1). The Upper SFS reservoir will be tested first followed by the SMD-B reservoir. Each zone will be independently isolated, stimulated and flowed to surface using nitrogen lift to assist in an efficient clean-up of the well. Perforation, completion-running and stimulation is expected to take approximately four days, followed by a clean-up and flow period of up to four days and a pressure build-up of up to two days for a total of ten days to complete each of the two flow tests”.
Patience is required before the results then possibly 🚀💰, like HE 1!
HE1 is a great find and has a fantastic potential. However it’s necessary to keep our feet on the ground and the fact is that the company has no choice but to raise fund or JV to move further as the money doesn’t grow on trees or underground, Once the funding is secured and a development plan with a timescale has been published only then it would have a significant upside. Don’t dream away. GLA LTH’s 🤞🏼
Likewise: I purchased between 0.023- 0.025 and sold @ 0036. Now bought back twice as much including the profit made from 88 e and from HE 1. 88 e has a long way to go up. The placement of shares is not for Hickery 1 well it for further development as we all know. GLA- looking forward to test results 🚀🚀
88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) is pleased to report that flow testing operations are advancing with the ice pad construction completed, camps mobilised to location and All American Oilfield's Rig 111 (Rig 111) commissioning completed. Final preparations including completion of the mobilisation of the rig and as well as remaining services to the Hickory-1 location is expected to be completed over the next 7-10 days.
Once mobilisation of Rig 111 is completed and rigged up at the well site, the Company will provide a further update on commencement of flow test operations. Operations start with retrieval of the kill string in the well, followed by drill out of plugs, clean-up of the wellbore, change-out to completion fluid ahead of perforation of the first zone.
Joint Venture partner Burgundy has secured funding from professional oil and gas investors and has remitted payment of the outstanding US$1.75 million 2023 cash call balance. In addition, Burgundy has advised 88 Energy that it is committed to its share of the flow test AFE cost.
What’s amazing is that people are still buying these shares even when I displayed the RNS yesterday evening, as soon as I received to warn people as to what’s happening. This shre should have been suspended immediately after the last failed EGM , until everything gets sorted. Now we know that it’s going down soon after 3 billion shares are dropped in the market for sale, why buy now!😇Zzzz😱
Employee Benefit Trust Share Subscription
Today 16:37
RNS Number : 1700E
UK Oil & Gas PLC
22 February 2024
UK Oil & Gas PLC
("UKOG" or the "Company")
Employee Benefit Trust Share Subscription
UK Oil & Gas PLC (London AIM: UKOG) announces that, further to the establishment of the Company's Employee Benefit Trust ("EBT") in September 2014, and in keeping with similar schemes operated by AIM listed entities, the directors have agreed to top-up the Company's EBT ordinary shareholding to its original level of 10% of the Company's issued share capital. Details of the EBT and the related employee share incentive plan ("SIP") are given in the Company's prior RNS of 29th September 2014.
Consequently, the Company's EBT trustees, Altum Trustees Ltd ("Trustees"), have today subscribed for 3,005,000,000 ordinary shares in the Company ("EBT Shares") at a price per share of £0.0001, being the Company's nominal share value and which represents 10% of the Company's enlarged share capital following the allotment of the EBT Shares. The Company has entered into a loan agreement with the Trustees to fund the subscription of the EBT Shares by the Trustees.
The EBT Shares shall be held in the EBT on trust pending the transfer upon vesting (or exercise, as the case may be) of any awards granted by the Company's Remuneration Committee to eligible employees and directors under the terms and vesting criteria of the Company's SIP. Details of the grant of any future awards of EBT Shares will be notified upon determination by the Company's Remuneration Committee of the beneficiaries of such awards, however no such determination has been made for the time being.
Admission
Application has been made for EBT Shares, numbering 3,005,000,000 ordinary shares in total, to be admitted to trading on AIM ("Admission"). Admission is expected to take place at 8.00 a.m. on or around 27 February 2024.
Following Admission, the total voting rights in the Company will be 32,539,926,104 ordinary shares and Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure, Guidance and Transparency Rules.
For further information, please contact:
UK Oil & Gas plc
We were @ 0.725 on 10 March 2023
No reason it could achieve that on 10 March 2024
We live in hope 💰🚀
Currency GBX
Issue Country GB
Shares in Issue 24.73b
Market Capitalisation £81.59m
Market Size 1,000,000
52 Week High 0.725
52 Week High Date 10-Mar-2023
52 Week Low 0.225
52 Week Low Date 15-Jan-2024
It’s a crazy stock ,not made for faint hearted. Nothing has changed since 5 February, good vedio interview but no concrete plans for development yet. I sold out of HE1 and added more here from the profit. HE 1 has a long way to go yet, there might be another placement before the development begins. It will be good one day but not just yet. It’s a good punt from 2p this morning to.2.60 p in a few hours 😊💰