RE: RNS significant increase in Hordean reserves15 Apr 2025 09:09
Yes, some odd maths going on there but this is the actual increase in the asset.
92,592 =====> 150,000 barrels
At a current price of $65.21 per barrel that's an increase in asset value.....
$6,037,962 ======> $9,781,500
Increase of $3,743,538
In real money (£), increase of £2,829,807 which is more than the market valuation of UKOG at the last trading price!
But total Horndean UKOG (10%) asset is £ 7,291,488....which is way more than current market value.
Don't forget the Loxley gas field among other assets and we're looking at a NAV in the next Audit report way more than current market value.
And that's not allowing or the future Hydrogen £Billion assets!!!!!!!!!
Let's get relisted now and get this steam train rolling.