Uk Oil & Gas Share Discussion Threads

[elcapital2017] 18/12/2017 16:18

Silly old man. You should be happy when you are able to get to the loo in time at your age.

[25wbh] 18/12/2017 16:17

that's been holding the share price down I would think

[elcapital2017] 18/12/2017 16:15

How strange is that

The conversion last week was EXACTLY the same as this weeks.

[lyceeuk] 18/12/2017 16:14

18/12/2017 3:56pm
UK Regulatory (RNS & others)

UK Oil & Gas (LSE:UKOG)
Intraday Stock Chart
Today : Monday 18 December 2017

Click Here for more UK Oil & Gas Charts.
TIDMUKOG

RNS Number : 6954Z

UK Oil & Gas Investments PLC

18 December 2017

UK Oil & Gas Investments PLC

("UKOG" or the "Company")

Loan Conversion

UK Oil & Gas Investments PLC (London AIM: UKOG), announces that, in relation to the GBP10 million financing announced on 15 November 2017 ("Loan"), it has received a notice of exercise from Cuart Investments PCC Ltd and YA II PN Ltd ("Investors") to convert part of the Loan, with an aggregate par value of GBP500,000, into equity ("Conversion Notice").

The Company has therefore issued today 16,753,225 new ordinary shares to the Investors ("Investor Shares"). The Investor Shares will rank pari passu in all respects with the existing ordinary shares.

Application has been made for these New Ordinary Shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on or around 22 December 2017. After today's conversion, the Par Value outstanding on the first GBP7.5 million tranche of the Loan is GBP5 million. The second and final GBP2.5 million tranche will be paid to the Company on December 31 2017.

Following Admission, the Company's enlarged issued share capital will comprise 3,630,706,545 ordinary shares. The Company does not hold any shares in treasury. This figure of 3,630,706,545 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Loan Terms

The terms of the Loan, as stated by the Company on 15 November 2017, includes a provision that for as long as any portion of the Loan is outstanding, neither the Investors nor any of their affiliates;

i. shall hold any net short position with respect to the equity of UKOG and

ii. can trade more than 15 % of the number of UKOG shares that have traded in a trading day.

The Loan is convertible in tranches of not less than GBP250,000, with a limit of GBP3 million per quarter, unless otherwise agreed by the Company.

For further information, please contact:

UK Oil & Gas Investments PLC

Stephen Sanderson / Kiran Morzaria Tel: [phone]
WH Ireland (Nominated Adviser and Broker)

James Joyce / James Sinclair-Ford Tel: [phone]
Cenkos Securities PLC (Joint Broker)

Joe Nally / Leif Powis Tel: [phone]

Public Relations

Brian Alexander / David Bick Tel: [phone]
UKOG Licence Interests

The Company has interests in the following ten UK Oil and Gas licences:


Asset Licence UKOG's Licence Holder Operator Area (km(2) ) Status
Interest
---------------- --------- --------------- --------------- --------------- -------------- ----------------------
UKOG (GB) IGas Energy Field in stable
Avington (1) PEDL070 5% Limited Plc 18.3 production
---------------- --------- --------------- --------------- --------------- -------------- ----------------------
Baxters Copse PEDL233 50% UKOG Weald IGas Energy 89.6 Appraisal/development
(2) Limited Plc well planned; licence
extended to 2018
---------------- --------- --------------- --------------- --------------- -------------- ----------------------
Broadford Bridge PEDL234 100% Kimmeridge Oil Kimmeridge Oil 300.0 BB-1 & 1z drilling
(3) & Gas Limited & Gas Limited completed, testing of
(4) (4) multiple zones
underway
---------------- --------- --------------- --------------- --------------- -------------- ----------------------
Holmwood (3) PEDL143 40% UKOG Europa Oil & 91.8 Holmwood-1
Gas (Holdings) exploration well
plc planned in 2018
---------------- --------- --------------- --------------- --------------- -------------- ----------------------
UKOG (GB) IGas Energy Field in stable
Horndean (1) PL211 10% Limited Plc 27.3 production
---------------- --------- --------------- --------------- --------------- -------------- ----------------------
Horse Hill (5) PEDL137 32.435% Horse Hill Horse Hill 99.3 Planning Permission &
Developments Developments EA permit granted for
Ltd Ltd production tests and
two wells
---------------- --------- --------------- --------------- --------------- -------------- ----------------------
Horse Hill Horse Hill
Developments Developments
Horse Hill (5) PEDL246 32.435% Ltd Ltd 43.6 As above
---------------- --------- --------------- --------------- --------------- -------------- ----------------------
Isle of Wight P1916 100% UKOG Solent UKOG Solent 46.7 Reviewing M prospect
(Offshore) (3) Limited Limited viability and well
plan
----------------
Isle of Wight
(Onshore) (2, Preparing Arreton-3
3) PEDL331 65% UKOG UKOG 200.0 planning submission
---------------- --------- --------------- --------------- --------------- -------------- ----------------------
Markwells Wood PEDL126 100% UKOG (GB) UKOG (GB) 11.2 Submitted planning
(2) Limited Limited application for
appraisal and field
development
---------------- --------- --------------- --------------- --------------- -------------- ----------------------

Notes:

[rayrac] 18/12/2017 16:13

Got two others though. :))

[rayrac] 18/12/2017 16:10

Mines broken!

[elcapital2017] 18/12/2017 16:10

Car crash in slow motion again.

NOw do you think those large trades were buys!!!! I did tell you!

2.98 p

[rental] 18/12/2017 16:10

prim now a good punt because of alba

[4691jack] 18/12/2017 16:09

And no sign of 'Candyman' !! His followers on this bb ( The MM A-L'ers Society, as it is known) must miss Him!

[gismo] 18/12/2017 16:06

Mikey - how's the loo?

[mikeygit] 18/12/2017 16:06

ALBA flying again today!!

[gismo] 18/12/2017 16:06

Need another drink :-/

[mikeygit] 18/12/2017 16:05

Wish they did not keep doing that---RNS ALERT, is this IT??? No excecise of loan to shares!! OK that is good, but not really what we wanted to see. And so the wait continues!!

[elcapital2017] 18/12/2017 15:57

another one that doesnt get it. maybe that is why theyre still long after watching a 70% fall....and falling

[rayrac] 18/12/2017 15:55

Long and strong.

[hazelst] 18/12/2017 15:42

Long and strong.

[elcapital2017] 18/12/2017 15:40

....from a travelling salesmans point of view lol

[whattheduce] 18/12/2017 15:38

Sit on your hands? How do you hold you glass? Oh - drinking straw. Very clever. Will try and assess effectiveness from an engineering point of view.

[rayrac] 18/12/2017 15:37

Nope... :)

[bobdown2] 18/12/2017 15:35

You can only wait and leave the boards to the morons Im afraid. The news and posible rise could come out of nowhere now and it's just sit on your hands and wait. On a personal level...I am not very good at choosing presents. So it's time to turn the iPad off and enjoy the Xmas shop.

[mikeygit] 18/12/2017 15:25

Come on guys, all very interesting but is there anything to talk about with UKOG?? Any spies out at BB--seems all quiet on the Western Front!!??