Uk Oil & Gas Share Discussion Threads

[lopodop] 11/2/2021 18:12

Was the PW CONSIDERATION based on professional valuation?

[trollkiller555] 11/2/2021 17:04

wtd bought at 8p, and theyre now 0.13p and he thinks thats good! duh

[bionicdog] 11/2/2021 16:21

Wise words as ever WTD. My advice is that you should continue to average down. Not anyone else , just you.

[whattheduce] 11/2/2021 15:54

The smug self-satisfaction on here is just eye watering. Why do you people even bother when you are not even invested? Is this the only place you feel any degree of being someone? I continue as a LTH, just look at JLP, things can and do turn.

[lopodop] 11/2/2021 15:14

Interesting that PW taking shares at current price.

[lopodop] 11/2/2021 14:31

Accounts of P W Well Test at July 19 show plant and equipment COST £515k DEP £350k
Net £166k.
Consideration for purchase by UKOG £1.650,000.

So UKOG is paying about £1million over the cost figure showing in PW WELL TEST accounts - the consideration based on a professional valuation one assumes.

[bionicdog] 11/2/2021 14:24

This was a good one , even by his standards. Not even a hint of irony.

[hans christian andersen] 11/2/2021 13:42

They took their bloody time.

Second Instalment for Purchase of Horse Hill Equipment Completed



UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that, per the announcement of 4 June 2020, UKOG has completed the second instalment due under the sale and purchase agreement of the Horse Hill surface production equipment ("Equipment") from PW Well Test Ltd ("PW").



Transaction Summary



The Company acquired the Equipment from PW for £1.65 million. The purchase is via three equal instalments of £550,000 as follows:



An Initial instalment upon signature of the asset purchase agreement via equal amounts of cash and UKOG shares. This was made in July 2020.

A second and third instalment at 6-monthly intervals, or earlier at UKOG's discretion. Each payment either wholly in cash, or wholly in shares, or part cash/part shares, each at UKOG's sole discretion ("the Instalments)

The second of the Instalments of payment of £550,000 has been made to PW, via the issue of 412,475,262 UKOG shares, at a 5-day VWAP of £0.00133.

Share Admission and Settlement



Application will be made for the admission to trading on the AIM market ("AIM") of London Stock Exchange plc ("LSE") of the shares ("Admission"). Admission is expected to occur on or around 17 February 2021. Following Admission, the Company will have 12,955,610,312 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights in the Company is therefore 12,955,610,312 and Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.

[bionicdog] 11/2/2021 13:39

Substitute "WTD" for "HCA" and it makes sense.

[whattheduce] 11/2/2021 13:36

HCA begining to realise this is much bigger than him and that the world doesn't respond to what he says at all. In fact he is noticing he is way of the mark and for all his bull posting about how much he thinks he knows about UKOG and it's activities, he is in fact a hopless outsider with no insight into anything at all. As was always the case with this narcissit.

[trollkiller555] 11/2/2021 11:38

new recent lows. gad i didnt buy at 8p...glad i only bought to cover!

[iammrweald] 11/2/2021 10:23

One Hope's the Turkish authorities are not present when stevie get's 'too immersed' into a fresh Turkey!
Midnight Express comes to mind.

[lopodop] 11/2/2021 09:19

UKOG board know that shareholders believe their 'efforts' so far have got the company into a big hole and directors must be concerned about the company's going concern status. Shareholders have to assume that the company has / will have adequate funding mechanism unless they have evidence to the contrary.
Setting aside concerns over where the UK side will end up, which will not be determined any time soon, the key and possibly lifeline has to be with AME AND WHATEVER INVESTORS FEEL, THEY MUST HOPE THAT THIS STRATEGY WILL WORK UNLESS THERE IS CONTRADICTORY EVIDENCE.
In view of the U.K. position so far, the Board will need to consider if management changes are required before UKOG is too immersed in Turkey.

[25wbh] 11/2/2021 08:04

Good morning all , Gismo , Rayrac, Hans ,Iam , and all usual friends

[lopodop] 10/2/2021 15:10

That's right. Our non investing directors will be saying ... What's your problem?

[hans christian andersen] 10/2/2021 11:39

It has only taken them 8 days to raise the RNS lol

[hans christian andersen] 10/2/2021 10:45

Still on my list are;

Placing for drilling in Turkey and to keep the lights on imo.
HH-1
HH-2 permission from OGA?
HH-other
Turkey spud on hold as in planning stage.
New Turkey licence areas. Stiff competition for licences.
Payment for 2nd installment of PW equipment well overdue. Placing or shares?
Price monitoring extension
2nd price monitoring extension
Exercise of Warrants
We know Loxley will be a long drawn out affair Q3/Q4.
IOW ditto as they keep changing the goalposts. Consultation closes in 2 days.
Forget BB as a lost cause imo.
New
Seismic for PEDL's 137 and 246 by 30 September 2021(cost implication)

[iammrweald] 10/2/2021 10:13

Yes,gosh... an rnsx2 and the share price ain't red!!......yet.someone tell me a good reason to invest cash for 5,6,7 years will no return.premium bonds anyone? Lottery tickets anyone? he he

[iammrweald] 10/2/2021 08:57

Powerful rns'! That'll put all the LTH's at ease. .....'by end of year..blah blah blah..more smoke screens and yet any REAL substance to actual operations that will transform this knowledge enhancing(sic) International oil exporting company is lost in the blah blah blah. Basically it's more waffling to keep interest (even the MM's are struggling,messing with the daily spread) you fool noone stevie. ...in the real world...

[lopodop] 10/2/2021 08:43

60 days is a figure of speech in Turkey or as the Irish say - it's in the post.
Things will be moving over next 6 months in my view.

[25wbh] 10/2/2021 08:05

Good morning all , Gismo , Rayrac , Hans , Iam, and all usual friends