Share Name Share Symbol Market Type Share ISIN Share Description
UK Oil & Gas LSE:UKOG London Ordinary Share GB00B9MRZS43 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.125p -1.65% 7.45p 7.40p 7.50p 7.80p 7.35p 7.60p 43,919,477 15:39:48
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 0.2 -2.0 -0.1 - 259.27

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UK Oil & Gas (UKOG) Top Chat Posts

DateSubject
16/8/2017
09:20
UK Oil & Gas Daily Update: UK Oil & Gas is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker UKOG. The last closing price for UK Oil & Gas was 7.58p.
UK Oil & Gas has a 4 week average price of 3.98p and a 12 week average price of 0.83p.
The 1 year high share price is 11p while the 1 year low share price is currently 0.83p.
There are currently 3,480,134,100 shares in issue and the average daily traded volume is 128,129,557 shares. The market capitalisation of UK Oil & Gas is £259,269,990.45.
15/8/2017
11:50
hazelst: Ukog share price always takes a dip just before a RNS....let's see.
07/8/2017
06:46
whattheduce: Keep it in perspective! I've never seen a share price go up in a nice neat line. Although the flow test data may appear at any moment, many pis will estimate they have a few days before the window of results is here. So some money may well move out of UKOG for the next couple of days. If the share price falls back as far as 6p today or tomorrow I would not be that surprised. On results, my expectation based on current media exposure is a share price around 13p. Remember, for the share price to rise requires new money to keep coming in and stay in.
01/8/2017
14:41
jlondon: HISTORICAL SHARE PRICE MOVEMENT - Horse Hill-1, UKOG Plc Mon 8 Feb 2017 RNS at 7am- " HORSE HILL FLOW TEST OPERATIONS C O M M E N C E " <><><><> Share price 1.3p, Vol 100m<><><> Ref:Chart from Lon Sth East [8 Feb 2016] <><><><> Share price 1.98p Vol 644m<><><> " " [15 Feb 2016-1 day before News RNS-Flow Test Update RNS] <><><><> Share price 2.73p Vol 693.5m<><&gt; " " [Mon 22 Feb 2016] <><><><> Share price 2.58p Vol 391m <><> " "[Mon 9 Mar 2016] 5 UPDATES WERE GIVEN- PLEASE REFER TO MY LAST POST 8 Feb 2016- 9 Mar 2016 Comment: So at the Commencement of flow test re:Horse Hill on 8 Feb 2016, the share price was 1.3p and on 22 Feb 2016, it was 2.73p, almost a bit more than d o u b l e. The charts do not list every date except key ones. J.London Tues, 1 Aug 2017 P.S. Broadford Bridge,100% owned by UKOG Plc, 31 July 2017 RNS-All approvals in place for Extended Well Test [EWT]. Please note there are more zones to test so just a case study to see timelines and share price movements. DYOR Shares go up or down. History does not necessarily repeat in exactly the same manner. Please check as there can be errors.
31/7/2017
08:11
mikeygit: The wait is killing and the share price continues its drop, one hopes when the news comes it is fantastic and the share price will recover the losses?? MUST be any day now -surely? So many predictions that are unfounded, tomorrow RNS--they do NOT know, share price this and that, the hype has got rediculous, and still we get re regurgitated news many times over from some, trying to ramp share price up. Maybe best left alone until we get news??
29/7/2017
22:16
temmujin: Looks like perfect storm brewing for UKOG share price...monday should be interesting... Refiners believe US crude prices could rise $10 per barrel and gasoline prices are likely to rise by 10 cents. As a result, crude sales from the Strategic Petroleum Reserve (SPR) are being discussed as a potential option to provide assistance and mitigate any rise in oil prices. Venezuela produces about 1.93 million b/d, down from 2.5 million b/d in 2014. The US energy sanctions could force a total collapse in Venezuela and for PDVSA to remove Venezuela crude from the market. The result could boost oil prices to $70 per barrel. Read more: Oil Prices Could Spike $10 as US Sanctions Odds on Venezuela Increase | Investopedia hxxp://www.investopedia.com/news/oil-prices-could-spike-10-us-sanctions-odds-venezuela-increase/#ixzz4oG2Buglq Follow us: Investopedia on Facebook
29/7/2017
00:03
jlondon: Market Capitalisation It is commonly known that where any big resource is to be developed, it will require capital to initially drill etc. Hence, the share price will be calculated to reflect that via diluted share price. Take the example of SXX, it has raised more than $1 billion for Stage 1, York Potash yet its mkt cap is over £1billion and has moved from AIM to FTSE 250. When SXX moves to production and has the $billion cash flow, the market cap will reflect that via P/E. Hence, SXX price will be pre-production and production period. Hurricane Oil, Falcon Oil & Gas are other examples of mkt caps in their millions. It reflects the potential of their assets. Lastly, Solg is another example whose mkt cap moved into the £600 million region which reflects its potential assets. It was also heavily shorted in the early days. Solg will enter the FTSE in mid Aug 2017 from AIM. Solg received investments from Newcrest and turned down another investment from BHP even though Solg has only drilled about 27 holes and has no Maiden Resource yet. So there are success stories. Whether UKOG plc will join SXX and Solg remains to be seen but cetainly the potential is there and American networks like CNN, USA have been and televised Horse Hill worldwide. Now ETN of the USA has carried Broadford Bridge to the Energy community in Houston and beyond. P.S. My last post mentions such world renowned experts such as Schlumberger [commissioned to do wire logging], Nutech who work for majors such as Exxon etc and govts, Xodus, Independent Swiss expert, Ernest & Young, Non-Executive Director of ex-Nutech who sits on the UKOG Board. All these organisations were commissioned by UKOG plc to do the reservoir analyses etc and their reports can be seen on www.ukog.co.uk It will also include UK regulators eg Oil & Gas Authority, Council, Environmental Agency, Health & Safety etc. Sanderson has been a speaker at the Westminster Forum for Energy recently in July 2017 wherein govt is represented etc. Please check as it has been posted before. So, lots of checks and balances. DYOR. IMHO. Please check. History of UKOG plc- all commonly known. On Twitter, people mention that Lenigas will receive an honour when all this comes good - others are cognisant of his experience to hire the various American experts and to bring Steve Sanderson on board. It is a proud British tradition to be fair. Its not what I say or think, its history. On forums, people ask about what happened with other success stories eg Dragon Oil etc. Many of those in ASOS no longer post so whilst memories are fresh, it*s good to record history as it happens. Lastly, as for Andrew Bell, Chairman of Regency Mines ref: RNS, 28 July 2017- the market is very starved of news on Broadford Bridge. UKOG plc cannot issue an RNS without material news. One is thankful that the said RNS mentioned nothing of note at Broadford Bridge. One is cognisant that any statement via RNS is preferable to no news whilst there is short interest declared on IG Index data etc. J.London Fri, 28 July 2017
27/7/2017
09:58
vinceelliott: UKOG share price moving nicely. Other consortium members languishing awaiting further news and direction. Only RGM appears to be up.
14/7/2017
20:01
forwood: The shareprophets view is a sell, but the evaluation isn't so bad, and we've actually gone higher since this was published. Could it be the author is looking for a cheaper entry price? Will UK Oil and Gas ever produce large amounts of oil onshore in the UK? Er... sell! By Gary Newman | Thursday 13 July 2017 If you like this, please share this article using the buttons below Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article. I haven’t looked at UK Oil and Gas (UKOG), and more specifically the Horse Hill oil field, for quite a while and a lot has changed in the meantime, so I thought it about time that I revisited it. There is no doubt that it has been a great story so far and one that has really caught the attention of PIs, not to mention the press, given that it involves UK onshore oil and gas reserves, and depending on how it plays out it could even one day end up being made into a film! What remains far less clear is how this story is ultimately going to play out and whether the current valuations of the companies involved in Horse Hill will prove to be justified – personally I see them as being very much on the high side at this stage and carrying a fair amount of risk from this sort of share price level. Some will already have made a fortune from trading UK Oil and Gas at various points along the way, as well as shares in the other companies which hold a share of Horse Hill Developments Limited - which in turn holds 65% of the PEDL 137 and PEDL 246 licences on the northern side of the Weald Basin. In the future I would expect plenty more opportunities to make money as the share price here is bound to experience further large amounts of volatility, with big swings up and down, as the story unfolds. But if we look at it from purely a longer term investment point of view I must admit that I find it hard to see value here and certainly wouldn’t be rushing to put money into UK Oil and Gas shares at its current market valuation of around £108 million (3.2p to buy), as I feel that is pricing in far too much unproven future potential at this stage, and is reliant on a lot of hype to keep it there. Of course that isn’t anything unusual on the AIM market, and there are plenty of other examples of companies that have seen large sustained rises as the market falls in love with the story, but ultimately in the majority of cases that all tends to come crashing back down to earth at some stage in the cycle. There is no doubt that the numbers look impressive when considering the independent reports for stock tank oil initially in place (STOIIP), but ultimately the profitability of companies involved will depend on how much of it can be extracted and how quickly that happens – ultimately the combined flow rates across the field need to be equally as impressive once a field development plan is put in place and production starts, whenever that may be. Currently Schlumberger’s gross STOIIP estimates for the two licences is nearly 11 billion barrels, which is clearly huge for a company of this size even if the recovery factor turned out to be low, and taking into account its other shares of licences within the Weald Basin, that rises to over 17 billion P50 barrels gross. Although in terms of actual resources, for instance gross 2C contingent resources for the Horse Hill-1 Portland discovery are a far more modest 1.5 million barrels. A significant amount of the oil-in-place is from the tight Jurassic shales. Indications so far suggest that both the Kimmeridge limestones and the Portland discoveries will flow at decent rates – Portland achieved a test rate of 323bopd – but as yet commercial viability hasn’t been confirmed, and it will take a production test to prove the concept. A planning application to production test the HH-1 Portland, KL4 and KL3 zones was made to Surrey County Council last October, and a decision on this is due by July 31, so that could have a big impact on the share price one way or another and is something to be aware of. The company is hopeful of being in production by late 2018 or early 2019, but I see that as somewhat optimistic given how long the various permissions required to date have taken to secure. It certainly doesn’t help that the discovery is in a more affluent part of the UK and there are sure to be major objections – especially when it comes to drilling enough wells over the site to produce the sort of amounts of oil which you would expect from a field of this potential size, and which would enable the company to make the large profits which are being predicted by some when production is reached. It still remains to be seen whether, in the short term at least, this field will be hampered in terms of the daily production it is able to reach. What is also interesting is that Regency Mines (RGM) has just sold a 1.9% share in HHDL (1.235% of the Horse Hill licences) for £323,000 – just over £54,000 in cash and the rest in UK Oil and Gas shares. That would actually value the whole of Horse Hill at around £26 million on that basis – although you could argue that Regency is simply de-risking and still has exposure via the shares it took as part of the deal. All of the ongoing work on these licences isn’t cheap and the company has continued to raise funds, and there is little doubt that those taking part in the placings have done very well in general – most recently £6.5 million was raised at 0.8p. Of course there is more to UK Oil and Gas than just Horse Hill, even though that tends to grab a lot of the attention, and the company is about to carry out a flow test of its recent Broadford Bridge-1 discovery, on the 100% owned PEDL234 licence, and the company now sees this as having even more potential than Horse Hill. But ultimately it needs to show that it can bring one of these licences into full production in a way that is profitable. On the positive side, if any one of these licences with large amounts of oil-in-place is able to produce in the sort of quantities that would support the paper valuation of that oil, then the company would ultimately end up at many multiples of its current valuation, even allowing for some of that being priced in already. But for me it is still incredibly early days in terms of proving that it can actually reach the potential that the headline figures would suggest, and I would be cautious of investing at this stage unless you have a very high tolerance for risk and are prepared to see a big chunk of your capital disappear – even if just during any temporary blips along the way.
08/7/2017
22:51
tidy 2: argus1 1,559 postsUkog or Angus?For me the problem with buying into Angus at the moment is that as the production licence has been well promoted for the last six months, everyone knows about it, and in my view it is priced into the present Angus share price. We also know that production from the Kimmeridge is expected to begin in the late summer. The rate of flow is the only unknown, and as it is expected to be quite high, that will not surprise. The small area of Angus's licences Linsey (5.3km2 60% Angus 3.18km2), Brockham (8.9km2 Angus 60% 5.34km2). Angus total of these two licences = 8.52km2 Compared to Ukog Broadford Bridge (300km2 100%) Horse Hill (142.9km2 31.% Ukog 44.6km2). UKOG total for these two licences 344.6km2. If we were to assume a roughly even distribution of oil contained across these licence areas alone then UKOG has more than 40 times the oil asset value of Angus. So there is room for some further increase in Angus share price but not anywhere as much as UKOG.
08/7/2017
22:29
jlondon: Financial Times, "As at 30 June 2017, the consensus forecast amongst 2 polled investment analysts covering UKOG Plc advises investors to purchase equity in the company." "Recommendations: L A T E S T - 1 BUY, 1 OUTPERFORM, Hold 0, Underperform 0 & Sell 0." "The 2 Analysts offering 12 month targets for UKOG plc have a MEDIAN TARGET OF 3.62p with a HIGH ESTIMATE of 4.4p & a LOW ESTIMATE of 2.83P." Link: https://markets.ft.com/data/equities/tearsheet/forecasts?s=UKOG:LSE&mhq5j=e3 Comment: Simple maths: At the High Estimate of 4.4p= £152 million market capitalisation. At the Median Estimate of 3.62p = £123.99 million market capitalisation. Currently, on Fri, 7 July, UKOG share price was 2.85p, Mkt Cap £97.62 million. Perspective: 88e is also Pre-Flow Test potentially chasing billion boe unconventional oil in the North Slope- Share price: 2.75p & Mkt Cap: £127.8million. So Mr Market Analyst attributes the middle benchmark at £125million region and within the range of £97.62m for low and £152m for High Mkt Cap at this stage of play. So potential assets are rated. Using the same FT link, I checked the OTHER Weald listed co^s but there is NO forecast for the other co^s nor analysts covering them. Spot on for Mr Market in NOT taking the share price to BELOW the Analysts forecast which appears FCA compliant as they hold authorised status? [Analyst Low estimate 2.83p , Fri 7 July 2017 UKOG Closing share price 2.85p]
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