Uk Oil & Gas Share Discussion Threads

[moneymunch] 28/7/2021 08:07

I've only recently invested and wasn't entitled, I've been buying at 0.17p and under, although I did have a top up at 0.173p last Friday. Gl :-)

[hans christian andersen] 28/7/2021 07:21

MM
I didn't hear you buying any nor anyone else on here.

[moneymunch] 28/7/2021 07:08

Considering the share price was sitting at 0.17p and under, and the incessant repetitive bile spouted by the detractors to discourage and deter, then raising £462k at 0.18p was quite an achievemnet given the circumstances and obvioulsly suggests that plenty are expecting some upward momentum in Ukog's share price from 0.18p in due course. Gla holders ;-)

[25wbh] 28/7/2021 07:05

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

[moneymunch] 28/7/2021 06:48

21/4/21

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Company has become one of the six founder members of the newly-formed Geothermal Energy Advancement Association ("GEAA").

GEAA's mission is to advocate increased awareness of and investment in geothermal energy as a key sustainable source for zero-carbon electricity, heat, hot water. As reported in UKOG's latest Annual Report, the Company plans to be increasingly active in this newly-emerging sector, where we possess the key subsurface, engineering and commercial skills necessary to make such projects work.

UKOG is actively scoping two new standalone geothermal projects in the UK, together with a hybrid geothermal, solar and battery storage project at our Horse Hill site. We also plan to review geothermal opportunities onshore Turkey once our forthcoming Basur-3 appraisal well has been completed.

A copy of GEAA's press release of 26(th) April 2021 can be found on the Company's website www.ukogplc.com.

Stephen Sanderson UKOG's Chief Executive commented:

"With increased investment and a wider understanding of how geothermal energy can be used, geothermal can become a key part of the UK's low-carbon future."

[moneymunch] 28/7/2021 06:48

Dont't knock Geothermal....it will revolutionise UK energy use .....and no bad thing that Ukog have aligned themselves to this potential multi-billion dollar clean, green renewable enegy industry at such an early stage. Gla Holders ;-)


14 May 2021

A report released by the UK based association REA and ARUP highlights the economic decarbonisation opportunities represented by geothermal energy in the UK.

The Association for Renewable Energy and Clean Technology (REA) and ARUP have published their ‘Deep Geothermal Energy: Economic Decarbonisation Opportunities for the United Kingdom’ report which underlines the environmental and economic potential of deep geothermal. It has the backing of over 30 businesses, academics, NGOs and industry experts. The report will be introduced in an upcoming webinar on May 19, 2021, as we reported.

The report estimates that, should the Government establish a Geothermal Development Incentive, 12 deep geothermal projects could be operational by 2025, creating 1,300 jobs and generating more than GBP100 million (approx. USD 140 million) of investment, predominately in towns and cities in the North of England, Midlands and South-West. The scheme would provide a catalyst to the industry, with 360 sites being established by 2050. This would provide an additional GBP1.5 billion (approx. USD 2.1 billion) of investment, 10,000 direct jobs and 25,000 indirect jobs, and an annual carbon saving of 3 megatons.

Deep geothermal energy is a space efficient utility scale renewable heat resource that can be deployed in urban areas, specifically with the potential to heat thousands of large commercial and other properties for generations. Heat accounts for around 40% of the UK’s energy consumption and nearly a third of UK greenhouse gas emissions. It is estimated that there is currently enough deep geothermal heat energy to supply all of the UK’s needs for at least 100 years.

[jtidsbadly] 27/7/2021 22:26

HITS: yes. A nice summary. Remarkably similar. It’s as if His Lordship has taken Mr. Sanderson’s correspondence course, what? Perhaps they share PR people.

As for this person John Casey, harsh doesn't quite cover it. Rude guttersnipe would be about right. So into the bin he goes, to join his equally rude and under-researched chums.

[headinthesand] 27/7/2021 22:19

Harsh. It's becoming harder and harder to discern any appreciable difference between UKOG and ANGS.

Both companies have repeatedly promised plenty and yet have delivered next to nothing.

Both companies have raised tens of millions based on assurances and forecasts, and both have no worthwhile assets to show for this.

Both companies reward themselves handsomely for consistent non-delivery.

Both companies have flogged the living bejaysus out of the Weald oil fairytale until the wheels finally fell off the myth and they can no longer fool even pondlife, let alone PIs.

Both companies therefore rushed headlong into a "last chance saloon" new venture, because they both desperately needed a new narrative to attempt to spin.

Both companies are clearly hoping that, by suddenly pulling on "We heart geothermal!" tee shirts, they'll be able for the umpteenth time to sucker investors into parting with yet more hard-earned (despite geothermal needing many years and many tens of millions of pounds... and the UK being poor in geological terms for geothermal in the first place).

Both companies are unutterably shafted (as will be all their PIs) if their current last desperate throw of the dice (Lincolnshire and Turkey respectively) comes up snake eyes again - but sadly, if track record to date is to be analysed, snake eyes is the only thing that both are capable of rolling.

[jtidsbadly] 27/7/2021 20:29

bionicdog: three of you got it right then! Well done. What’s happened to the rest of them? These names are not familiar to me. Retired hurt? Escaped HITS’s lobsterpot? Nicebut could be the soubriquet of the Anguish interim MD, I should think. What? Before he discovered there was easy money to be made in AIM oil and gas company “management221; if you can keep the ball rolling.

[kemche] 27/7/2021 20:29

AMR was only out by 5000.

[bionicdog] 27/7/2021 20:05

Can we have the BB competition predictions please. I don't think it was luck.

[jtidsbadly] 27/7/2021 19:48

“Lucky for him BB didn’t flow”! Excellent stuff!

[jtidsbadly] 27/7/2021 18:40

Coo, where’s log lorry now? He seems to have been right on the money!

[kemche] 27/7/2021 18:00

Only 16,239,233,251. Once they are gone they are gone.

[bmcb5] 27/7/2021 17:50

wow. less than 4billion shares in issue, only 3.5 years ago

What's the figure now?

[bmcb5] 27/7/2021 17:49

And here's loglorry, calmly explaining back in 2017, why UKOG is worth about 0.15p, IF BB was successful
----------------------------------------------------------------------------------
loglorry1 - 06 Dec 2017 - 11:06:15 - 52350 of 149290
i think all good shorters except the brave will be closing around the 3p target.

Not this one. The read-across value of UKOGs 40% share of Horse Hill from the Warwick transaction is £1.6M if I've done my sums correctly. There are 3,597,200,095 shares in issue since today's death spiral conversion. That makes HH worth 0.044p/share to UKOG.

They also have 100% of BB and a rag bag of other useless stuff.

If BB flows as well as HH and that is a big IF at this stage then perhaps we can say its worth £4M on the same basis that 40% of HH is worth 1.6m. So add on 0.1p we get a fair value read across of about 0.15p/share. These are industry transactions and there is no reason to believe that the parties involved did not transact at fair value.

[bmcb5] 27/7/2021 17:48

amr2017 - 09 Oct 2017 - 21:01:49 - 39073 of 149288
Billions of barrels of oil in place.
Nutech the world leading experts say 124 billion barrels of oil in the Weald due to be upgraded after ukog found more oil.

[kemche] 27/7/2021 17:47

Nearly 10% take up of the offer. Whoosh at the open tomorrow.

[bmcb5] 27/7/2021 17:47

hazelst - 23 Oct 2018 - 14:05:03 - 109734 of 149287
Keep focusing on the 11 billion barrels of oil at Horse Hill alone. Patience is the key!