Uk Oil & Gas Share Discussion Threads

[honfacifi] 27/7/2024 02:06

Great debt free still a shell, thought all funding for hydrogen was through UKEN not UKOG.

What am I missing here, is sando going to try and redirect all the losses with UKOG or ditch everything and start afresh with UKEN?

Answers on a postcard please lol....

[bionicdog] 27/7/2024 00:05

You're an idiot.

[neotheone] 26/7/2024 22:42

Please provide specific rns link.

Otherwise I am in agreement with junga that ukog are debt free

[daniel] 26/7/2024 21:50

Before, Is UK Oil and Gas Debt Free?

"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."

[bionicdog] 26/7/2024 20:58

It's all nonsense.

[jungmana] 26/7/2024 20:04

They just had a placing and similar was said by derampers when ppp was about 3p , a week later is at 10p.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"."

[1347] 26/7/2024 18:36

68 trades time stamped at 09:52:33 for example. Hmmmm.

All SINT Trades, normally done by an investment firm which, on an organised, frequent and systematic, and substantial basis, deals on its own account (principal trading) by executing client orders outside trading venues.

Now who might that be?

[bionicdog] 26/7/2024 18:28

Is producing an ever decreasing dribble of oil at a massive loss a business opportunity? Explain how they will get the Kimmeridge to flow without fracking. It's all a con. It was at 11p and it is now.

[pirates4] 26/7/2024 18:25

Think it's all about ppp with their share of horse hill. Good potential their .

[bionicdog] 26/7/2024 18:21

Very true. You only have to look at the posters attracted to it , serial mugs.

[1347] 26/7/2024 18:03

They are not debt free, they have over £3 million of borrowings oustanding, it's in their financial reports. They only have enough working capital for a few weeks by my estimation. The next placing was probably forward sold today along with Shore Capital getting rid of their share overhang from the last placing. This company is little more than a modern ponzi-like scheme where those at the bottom of the pyramid get shafted.

[goggin] 26/7/2024 17:54

They now say they are debt free but do they have any money to pay the bills? Where does the new money come from?

[1347] 26/7/2024 17:22

Ah there's the late reported sells coming through now.

[bionicdog] 26/7/2024 17:08

They won't get into bed with Sanderson I can assure you.

[petersmith6] 26/7/2024 16:21

It's a labour policy. They will do as much as they can to make themselves look better than the tories.

[blakesmith] 26/7/2024 16:12

Be ready for placing

[kemche] 26/7/2024 16:05

Looks like a gusher!

GLA LTHers!

[bionicdog] 26/7/2024 16:04

No they are not Peter.

[bionicdog] 26/7/2024 16:02

ProfessorAim26 Jul '24 - 10:54 - 163107 of 163179

New government contract won by ukog for storage of gas

This could hit 1p soon

[petersmith6] 26/7/2024 15:59

I would suggest there are more updates on the horizon..and not that far away. And if it's a government idea.. the big rubber stamps are inked up and poised to stamp

[tomboyb] 26/7/2024 15:56

massive volume-

5.9 billion shares -

almost 6 billion now!

[jon389] 26/7/2024 15:52

what news is expected short term

[datait] 26/7/2024 15:51

For what I'm about to receive may I be truly thankful 🙏 amen😁㈳4;😂