Pennpetro Energy Share Discussion Threads

[neotheone] 26/7/2024 22:41

Please give specific rns link to prove your pointAs I see it in agreement with junga ukog are debt free.Unless you can prove otherwise?

[daniel] 26/7/2024 21:41

Jung, Before you jump ship, Is UK Oil and Gas Debt Free?

"saying they are debt free is simply not true, unless he's found over £3 million from somewhere and paid the other borrowings or the other parties have written them off, but UKOG hasn't informed market. FCA should sort him out.

At the last interims to 31st March 2024 Borrowings stood at £3.8 m and the CLN Balance then was £0.66 m, so that left £3.14 m owed as Borrowings, which is debt. This is money owed by the subsidiary company, HHDL to Doriemus of £572,239 and to Alba Mineral Resources of £2,541,338 as at 30th September 2023 in the Annual Report."

[criticalthinker1] 26/7/2024 21:36

I couldn't not see what was not to like here. The rises snd falls are consistent with daily trading. I'm expecting the daily traders will be a bit more considerate here.
Feels a bit like Novacyt...but with actual fundamentals

[neotheone] 26/7/2024 20:36

Jung is correct.Debt free with a minuscule market cap. This will explode soon enough.

[jungmana] 26/7/2024 20:02

UKOG imo will do a ppp. Today was just the warm up there.Traded volume since placing stocks admitted on the 18th of July is now about 9 billion shares, nearly 3 times the number of placing shares. The churn is done and Monday will be fireworks here.Imo the hydrogen project is significant and a £10 million market cap ( 0.12p share price) is the minimum target short term.That's over 400% rise from today's closing price;"Stephen Sanderson UKOG's Chief Executive commented:"This Placing permits the full removal of the convertible loan, which should then enable the significant progress we have made in delivering our material hydrogen storage projects to be more fully reflected and sustained in our share price. The two recently announced Letters of Support from major infrastructure players in the UK hydrogen space, Sumitomo and SGN, demonstrate our project's credibility, with SGN stating our Dorset project as "essential for decarbonising the Solent Cluster and Southern England"."

[yusuf77] 26/7/2024 16:55

most likley 15p nailed on

[citys2874] 26/7/2024 16:30

Happy Friday and enjoy your evening love day and rise for the week

[citys2874] 26/7/2024 16:27

Will see some big media and press over the weekend expect another big week next week

[citys2874] 26/7/2024 16:22

what a fantastic week, next week will bigger and can easily do a UKOG

[tomboyb] 26/7/2024 16:21

Astounding volume -

if it went to 15p it would do a UKOG -

Remember 0.40p to well over 15p -

[petersmith6] 26/7/2024 16:19

Wouldn't say not to a little breather before 15 p next week

[citys2874] 26/7/2024 16:14

mms ticking up

[citys2874] 26/7/2024 16:14

up 43 per cent now

[citys2874] 26/7/2024 16:13

buyers started to come in as expected

[citys2874] 26/7/2024 16:12

this was 60.00 a few years ago so does not have to drop as still cheap

[citys2874] 26/7/2024 16:10

mid teens coming next week

[chesty1] 26/7/2024 16:09

HAS TO DROP!!!!!!!

[iamthemagnificent] 26/7/2024 16:09

iamthemagnificent 26 Jul '24 - 15:47 - 999 of 1011

Seems like a perfect SHORT at 9.5p

---

And not a bad SHORT at 9.0p either ...

[talais] 26/7/2024 16:08

Here we go

[citys2874] 26/7/2024 16:07

fill ya boots time

[kemche] 26/7/2024 16:02

25p by COP?

$3.86 billion!

GLA LTHers!

[talais] 26/7/2024 16:00

Now the fun start's , gla