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Share Name Share Symbol Market Type Share ISIN Share Description
UK Oil & Gas Invs Ord GBP0.0001 NEX:UKOG NEX Common Stock GB00B9MRZS43 ORD 0.01P
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UK Oil & Gas Investments PLC (NEX/AIM:UKOG) is a dynamic and innovative British oil and gas investment company, striving to support the drive for increased energy security for the UK.

UKOG has built a portfolio of direct and indirect investments in 11 UK onshore licences, in the south of England. These include stable production and revenues from four oil fields, three oil development assets, plus higher reward exploration and tight oil appraisal/development assets. UKOG is committed to ensuring that operations relating to its investments are performed with due sensitivity to localities and residents.

UKOG's Board and management comprise highly-experienced, international oil and gas industry veterans, with a proven track record of finding oil, developing fields and the successful application of new technology.

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Date Time Title Posts
18/9/202015:35The Moron Rampers' Club858
18/9/202015:17UKOG strikes oil 2016142,928
17/9/202014:58Turkey and AME-
13/8/202015:47I wonder why?690
04/8/202007:40UKOG - Oil Heading for $9 - $10 per Barrel According to BNP Paribas 138

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DateSubject
02/9/2020
07:19
jack4691: And a very Good Wednesday Morning to you Gizmo 💩 💩 💩 Ramping Olde Farte, be a good boy and no more RNS predictions! The 1000 BOPD forecast is OUT OF THE WINDOW, and UKOG Share Price is well beyond redemption!
23/7/2020
10:38
cyan: Tend to agree....another dream chase to excite the base. This line reminds me of the ramping that went on with the BB drill; "We expect this programme will provide a regular stream of newsflow." Every week a RNS was released telling the world how well things were going and the 'investors' lapped it up and UKOG share price responded accordingly. SS sure knows how to excite the investor base;... if nothing else.
29/4/2020
07:14
atino: (Quote) 🙇‍♂;️ UKOG issues 637m new shares to fund cuts in the cost of oil production 🤦‍♂;️ The company behind oil production at Horse Hill in Surrey has raised £1.275m in a share placing to pay for cost cuts. Following record falls in the oil price, UK Oil & Gas plc (UKOG) said in a statement this morning it was negotiating contracts at reduced rates for key equipment and services at Horse Hill. It was also seeking to buy, rather than lease, surface facilities, such as stock tanks, flow lines, choke manifolds and oil and gas separators. It was looking to install a gas-to-wire generator to power the site and to automate functions to reduce staff costs. The statement said there was “a general downsizing of all operational elements not essential for continued safe oil production”. Directors’ payments had been cut from 20-50%. The cuts had reduced the operational costs of Horse Hill oil production by $7 a barrel (bbl) to $12/bbl, UKOG said. The asset level operational cost, which includes tanker export, sales and marketing, was now $17/bbl, it said, making Horse Hill production profitable at current Brent oil prices. UKOG said the cost cuts and other payments at Horse Hill would be paid for by £1.275m, raised through the issue of 637,500,000 new ordinary shares at a price of 0.2 pence per share. The issue increases the total number of UKOG shares to almost 8.5 billion. DrillOrDrop reported last week that UKOG had issued 1.7 billion new shares in eight months. The new total is an increase of 40% on the level in mid-August 2019. UKOG said average daily flow rates at Horse Hill were “over 300 barrels of dry oil per day”. It was planning “a series of interventions aimed at significantly increasing field production”. The company said these included adding commingled Kimmeridge oil flow. But it said the plans had been halted until necessary procedures could be redesigned to remove the risk of Covid-19 infection to site staff. At the time of writing, the UKOG share price was down 26.15% at 0.24 pence. https://www.google.co.uk/amp/s/drillordrop.com/2020/04/28/ukog-issues-637m-new-shares-to-fund-cuts-in-the-cost-of-oil-production/amp/ 😂
13/3/2020
21:37
jack4691: Giz-OAF Fraudster and Liar is quick to post 'I told you so' when he's been saying the thing most days and one day it comes true. But this is what I posted Mon 9th March 2020 at 14.35: . . . . "On a more 'serious note' (if there be such a thing on this bb!), the RNS dated 5 March 2020 stated "It is anticipated that the Investor Shares will be admitted to trading on AIM on or around 12 March 2020 ("Admission")." So watch out for the ever obliging (to SS cronies at least) MM's push the UKOG share price up north for the next few days after 12 March 2020 to enable the 'Investors Shares' to be dumped on to unsuspecting punters!" . . . . . READ you R'sole Giz the CON, READ. I told you so, the SS RNS was just to give the MM's an excuse to push the share price UP. Get it you 1D10T.
23/2/2020
08:35
hans christian andersen: "This could be a crucial year for UK Oil & Gas (LSE: UKOG). And before anyone points it out to me, yes, I know, I suggested exactly the same thing for 2019. But here we are in 2020, with it still plodding along, and still not having made good on its claims of enormous volumes of oil and gas under its control. Still, while the company hasn’t gone bust, its share price has crashed by 45% since my 2019 make-or-break thoughts and by 60% over the full 12 months. And since the exuberant peak of September 2017, the price is down a stunning 92%. Whatever timescale you examine, UKOG is not looking like much of a success. It’s all about the Horse Hill oil prospect beneath the Weald Basin in Surrey, dubbed the Gatwick Gusher after its proximity to the airport. But never mind gushing, I’m starting to wonder if there might be more oil at the airport itself. Oil flow Early claims suggested there could be up to 100bn barrels of hydrocarbons down there, but how much is flowing today? The firm’s latest production update, at the end of January, told us how its test pumping is going. Test production at the HH-1 Portland well managed a rate of 435 barrels of oil per day (bopd) for a period of six hours, with dry-oil output stabilising at an average of 293 bopd. We heard that “the company now intends to accelerate the start of up to 25 years of continuous long-term production by six months,” with plans to bring HH-1 into production this spring. Up to 25 years, eh? Long-suffering shareholders must surely be opening the champagne to toast the imminent arrival of their much-delayed stream of oily riches. Loan reduction Meanwhile, two of its lenders, Riverfort Global Opportunities PCC and YA II PN, continue to convert some of their loans into equity. The latest instalment, on 3 February, saw the pair decide to convert £200,000 into UKOG shares, and that follows on from the conversion of £250,000 in January. According to an update on Wednesday, of the original loan of £5.5m, some £3.15m remains unconverted. Why are they making these conversions? I could only speculate, though possibly not productively. With the share price steadily declining, the value of all these conversions doesn’t seem to be doing very well. But against that, it seems “the loan attracts 0% interest,” so it’s anybody’s guess what it’s all about. Oil price Is the oil price behind the UKOG share price weakness? Having fallen to only around $55 as I write, the potential value of any UKOG production will have slipped. But I really don’t see that as having a great deal of significance. The biggest bearish factors to me seem to be the lack of commercial production, and the ongoing mystery surrounding the extent of the firm’s reserves in the continuing absence of a Competent Person’s Report. We’ll have to wait and see if the production taps really do open in this spring. But either way, I don’t expect to be writing the same article this time next year."
12/2/2020
17:14
hans christian andersen: This could be a crucial year for UK Oil & Gas (LSE: UKOG). And before anyone points it out to me, yes, I know, I suggested exactly the same thing for 2019. But here we are in 2020, with it still plodding along, and still not having made good on its claims of enormous volumes of oil and gas under its control. Still, while the company hasn’t gone bust, its share price has crashed by 45% since my 2019 make-or-break thoughts and by 60% over the full 12 months. And since the exuberant peak of September 2017, the price is down a stunning 92%. Whatever timescale you examine, UKOG is not looking like much of a success. It’s all about the Horse Hill oil prospect beneath the Weald Basin in Surrey, dubbed the Gatwick Gusher after its proximity to the airport. But never mind gushing, I’m starting to wonder if there might be more oil at the airport itself. Oil flow Early claims suggested there could be up to 100bn barrels of hydrocarbons down there, but how much is flowing today? The firm’s latest production update, at the end of January, told us how its test pumping is going. Test production at the HH-1 Portland well managed a rate of 435 barrels of oil per day (bopd) for a period of six hours, with dry-oil output stabilising at an average of 293 bopd. We heard that “the company now intends to accelerate the start of up to 25 years of continuous long-term production by six months,” with plans to bring HH-1 into production this spring. Up to 25 years, eh? Long-suffering shareholders must surely be opening the champagne to toast the imminent arrival of their much-delayed stream of oily riches. Loan reduction Meanwhile, two of its lenders, Riverfort Global Opportunities PCC and YA II PN, continue to convert some of their loans into equity. The latest instalment, on 3 February, saw the pair decide to convert £200,000 into UKOG shares, and that follows on from the conversion of £250,000 in January. According to an update on Wednesday, of the original loan of £5.5m, some £3.15m remains unconverted. Why are they making these conversions? I could only speculate, though possibly not productively. With the share price steadily declining, the value of all these conversions doesn’t seem to be doing very well. But against that, it seems “the loan attracts 0% interest,” so it’s anybody’s guess what it’s all about. Oil price Is the oil price behind the UKOG share price weakness? Having fallen to only around $55 as I write, the potential value of any UKOG production will have slipped. But I really don’t see that as having a great deal of significance. The biggest bearish factors to me seem to be the lack of commercial production, and the ongoing mystery surrounding the extent of the firm’s reserves in the continuing absence of a Competent Person’s Report. We’ll have to wait and see if the production taps really do open in this spring. But either way, I don’t expect to be writing the same article this time next year. DYOR
31/1/2020
11:37
datait2: gizoaf , cue gizoaf, almost bang on time, was it matermelons and pineapples for breakfast??, what do think of the UKOG price gizoaf, ?? anymore earthquakes in your area?? none here in good ole UK, stable as a rock , just like UKOG share price, lol.
06/11/2019
13:59
atino: (Quote 🙇) Here’s what I’d do about the UKOG share price right now | Rupert Hargreaves | Wednesday, 6th November, 2019 Here’s what I’d do about the UKOG share price right now The last time I covered UKOG (LSE: UKOG), I concluded that shares in the oil minnow might be an attractive investment if the company manages to execute its drilling and production plans without any setbacks over the next six-to-12 months. That was at the beginning of October. Since then, the firm has continued to push ahead with its drilling and testing schedule. The company is currently concentrating on developing its Horse Hill-2z (HH-2z) Portland horizontal well. This is designed to tap into the Portland reservoir’s most oil-productive zone, or “sweet spot“, which was defined by the HH-2 pilot well’s successful coring and electric logging programmes. These operations were completed in the middle of October, and management is hoping to get the HH-2z well into production by year-end. Risky business Drilling for oil is a risky business, and there’s never any guarantee everything will go to plan. However, UKOG’s operations at HH-2z are making progress. We should find out in the next week or two if the company has successfully managed to complete drilling at the prospect. The next stage will be the clean-up and flow testing. As I noted last time I covered the business, the results from HH-2z could be make-or-break for UKOG. Management claims this new prospect could be “capable of delivering flow rates significantly higher” than the HH-1 vertical Portland discovery well, which has been recorded as being able to produce just over 300 barrels of oil per day. As my Foolish colleague Alan Oscroft recently noted, on October 9 the company reported production from the Horse Hill-1 test well had reached 41,800 barrels although, as he went on to add, this figure “tells us nothing whatsoever about any prospective daily production rate.” However, what does tell us is that UKOG is now producing oil and, perhaps more importantly, producing revenues. What’s next? So what does this all mean for investors? Well, the next few months are going to be critical for the UKOG share price. If the company does have success at its HH-2z well, then there’s a genuine chance this business could become a fully operational oil producer in 2020. On the other hand, if the new prospect fails to live up to expectations, then there will be more delays, costs, and dilution for shareholders ahead. With this being the case, I’m not a buyer of the stock at current levels. While I believe there could be a significant upside on offer for shareholders if the company does push through and strike black gold. But if it doesn’t, there’s no telling how far the stock could fall. I would rather sit on the sidelines and wait for news of further progress before initiating a position on this particular oiler. Under-The-Radar Investment There are a number of small-cap stocks that could be worth buying right now, and our investing analysts have written a FREE guide called “1 Top Small-Cap Stock From The Motley Fool”. The company in question may have flown under your investment radar until now, but could help you to build a great income from your investments and retire early, pay off the mortgage, or simply enjoy a more abundant lifestyle. https://www.fool.co.uk/investing/2019/11/06/heres-what-id-do-about-the-ukog-share-price-right-now-2/
14/10/2019
19:43
atino: This certainly ain’t “off topic” 😃👍 (Quote 🙇) “The UKOG share price: Is it set to soar in 2020?” 🤷🏻‍♂️ Something strange has happened to the UK Oil & Gas (LSE: UKOG) share price – it’s risen, and it’s kind of stayed up. Admittedly we’re still looking very much at penny share levels, but at 1.043p as I write, the price is up 30% since a low on 7 August. Over the past 12 months the UKOG share price has slumped by 46% (even after the latest gain), and we’re looking at a 90% loss since 2017’s peak. Could things really be different this time? Outpourings UKOG is turning up its rate of communications, and we’ve seen as many RNS releases from the company in the past month as in the previous five. It started with the announcement, on 11 September, that UKOG had expanded its holding in the Horse Hill oil field to a controlling 85.6%, from its previous 50.6% stake. Updates regarding drilling at Horse Hill have been rather mired in detailed technical progress. Frankly, I don’t really care about the specific time of day an activity commenced, exactly which diameter casing has just been cemented into place, to precisely what depth, and so on. We’re still getting regular flow test updates, with the test production from the Horse Hill-1 test well apparently reaching 41,800 barrels by 9 October. That’s total, by the way, which really tells us nothing whatsoever about any prospective daily production rate or the potential size of any reserves. These updates are really just saying “Oil is still trickling out of that hole we drilled.” More new shares UKOG is also still handing out new shares as if they find them on trees. Recently it’s been to convert some of its debt owed to YA II PN Ltd. In three new tranches, the company has issued 114.6m new shares in exchange for a reduction in its loan from £5.5m to £4.35m. Oh, and options for over 121.5m new shares were awarded to directors and employees on 27 September. And the firm’s newly formed Employee Benefit Trust is subscribing to 201m new shares. It’s easy to lose track of all these millions of new shares being issued, but despite this extra dilution, the UKOG share price is so far remaining relatively buoyant – though it did reach a higher point of 1.374p on 10 September, a level from which it has retrenched a little. I’ve scrutinised the past month’s worth of company updates, and I’m seeing nothing that inspires optimism. To me it all just seems like noise added to the news of all the new share issues. Meanwhile, there’s one substantial question that remains unanswered, and towards which I’m seeing no real progress. That question is – what commercial reserves are actually down there? A real milestone A key milestone for most oil explorers is getting good analysis done, leading to a Competent Person’s Report. Such a report would provide an independent technical report on UKOG’s hydrocarbon assets, split into three categories: reserves currently anticipated to be commercially recoverable, contingent resources that are not yet ready for commercial development, and prospective resources that could be potentially recoverable from new discoveries. UKOG has shown little enthusiasm for procuring such a report. But until I see one, I’ll continue to rate UKOG’s prospects as a pipe dream. I’m still giving it a wide berth. https://www.fool.co.uk/investing/2019/10/14/the-ukog-share-price-is-it-set-to-soar-in-2020/
23/9/2019
16:34
hans christian andersen: Probably one of the few times when the name matches the content. The UKOG share price is flying. Time to buy? G A Chester | Monday, 23rd September, 2019 | More on: UKOG Arrowings ascending on a chalkboardImage source: Getty Images. The UK Oil & Gas (LSE: UKOG) share price has been on a tear over the last couple of months. It gained 13% in August and has gushed over 20% higher so far in September. Despite the rise, the current price of 1.3p remains a long way below its highs of over 8p this time two years ago. What’s behind the market’s rekindled enthusiasm for the stock? And could now be the time to jump aboard for a new run-up to the old highs and perhaps beyond? Good news It’s been just over five years since drilling commenced at Horse Hill — a test well (HH-1) that produced high initial flow rates and was dubbed the ‘Gatwick Gusher’. However, while there’s been some ad hoc revenue from further testing, a permanent producing well has yet to be established. The revenues from such production are important because, since the Gatwick Gusher was first drilled, UKOG has been raising cash — and burning through it at a rate of knots. Up to the end of 31 March this year, it had raised a total of £41m and burnt through £34.7m. Investors have had their pips well and truly squeaked, with the company having issued 4.7bn new shares over the period, taking the number of shares in issue from 1.3bn to 6bn. And there’s been further fundraisings (and cash burn) since 31 March. Shares in issue are up to 6.4bn at the latest count. The good news — and the reason I think market excitement about the stock has been reignited — is that a permanent production well finally appears to be within touching distance. On 12 September, the company announced a rig is scheduled to arrive by the end of the month to drill “the much anticipated HH-2/2z Portland horizontal well, a key step towards establishing significant long-term production and cash flow from Horse Hill by the end of the year.” Hothouse stock When I say market excitement about the stock has been reignited, you need to understand what the market for UKOG stock is. Like a lot of loss-making AIM-listed oilers, there are no institutional investors among the company’s major shareholders. Price action is driven entirely by retail investors, some of whom are in for the long haul. But many hop from oil stock to oil stock as company news and sentiment waxes and wanes, or are speculative day traders, following wherever there’s volume and momentum, and adding to it. In this hothouse environment, share prices — and the valuations of the companies — can move out of all proportion to the underlying fundamentals of the business, which is what investors should be focused on. Fundamentals It’s looking like the Portland producing well is finally going to happen, having been originally scheduled for late 2018/early 2019. While the cash flow will be welcome, there’ll still be a need for further dilutive fundraisings to develop the field, even in the best case targeted rate of production, which there’s no guarantee will be achieved. Furthermore, UKOG has yet to publish a promised updated independent Competent Persons Report (CPR) with recoverable reserves and net present values of cash flows associated with the envisaged field development. Based on the existing CPR, I think the company’s £83m market valuation is much too high. As such, I’m avoiding the stock at this stage.
UK Oil & Gas Invs Ord GBP0.0001 share price data is direct from the London Stock Exchange
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