Uk Oil & Gas Share Discussion Threads

[jammydodger2] 05/5/2024 14:10

"Resolution 4 – Directors’ Authority to Allot Shares
This is an ordinary resolution to grant the Directors with authority to allot and issue shares and grant rights to subscribe for shares in the Company for the purposes of Section 551 of the Act up to the maximum aggregate nominal amount of £3,876.84 (being 100% of the Company’s issued share capital following the issue and allotment to the Company's Employee Benefit Trust announced on 3 May 2024). This Resolution replaces any existing authorities to issue shares in the Company and the authority under this Resolution will expire at the conclusion of the next annual general meeting of the Company."

I don't see that being enough to even finish off paying the final instalments of the first £2m tranche from YA. Expect another GM to raise more or have UKOG found another source of funding?

[bionicdog] 03/5/2024 16:40

If I was them I'd hold it in Iceland (not the shop).

[jammydodger2] 03/5/2024 16:38

AGM RNS out.

[honfacifi] 03/5/2024 14:21

I didn't read much did they just issue more shares?

There is no end to this disaster

[jammydodger2] 03/5/2024 14:06

HH down to 42bopd for February.

[iammrweald] 03/5/2024 09:23

Mms having their daily fun. I really think some punters like the clevers on here and of old (yes,you know who you are!) don't understand the working of er,price manipulation and how to flog a dead horse.

[jammydodger2] 03/5/2024 09:16

They threw in another ATL last night. 0.024p Heading down again today by the looks of it.

[bionicdog] 03/5/2024 08:05

They have no shame.

[25wbh] 03/5/2024 08:02

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

[1347] 03/5/2024 07:55

JT More of a stench than a smell I'd say, whatever type of excrement it is.

On the EBT, it looks like ShareCoin Sanderson is doing this now to ensure that the EBT has the maximum of 10% holding before calling the AGM, which is overdue. This may be because he is expecting a vote to remove him at that AGM and he wants to keep his snout in the trough for as long as possible, although I don't see how the trough can survive much longer anyway.

It also indicates UKOG are unlikely to be issuing any more CLN shares anytime soon as that would take the EBT back under the maximum of 10%. It also seems that he waited until the CLN shares had been sold down, which seems to have started before it was notified to market and before those shares were admitted on AIM. Anyone feel like bringing that to the attention of the FCA?

[jtidsbadly] 03/5/2024 07:37

1347: the chances of “seven digits” making a comeback anywhere, even on AIM, must be even slimmer than this.

Re the RNS, the Augean stable that is UKOG smells a little stronger even than it has heretofore, innit? Apologies for mixed metaphor, yes I know this suggests cattle dung rather than horse but you know what I mean.

[iammrweald] 03/5/2024 07:11

What's not to like?!
Did sando write the Aim 4 cash 'handbuck'??
I expect a Whoooosh at 8am,as there's not many free shares left to be had! pmsl

[jammydodger2] 03/5/2024 07:03

Here we go again!

"Consequently, the Company's EBT trustees, Altum Trustees Ltd ("Trustees"), have today subscribed for 62,087,925 ordinary shares in the Company ("EBT Shares") at a price per share of £0.000001, being the Company's nominal share value and which represents 10% of the Company's enlarged share capital following the allotment of the EBT Shares. The Company has entered into a loan agreement with the Trustees to fund the subscription of the EBT Shares by the Trustees."

[1347] 02/5/2024 17:32

Oh and if anyone wants to know the probability of 7 digits exactly matching in a series of numbers, i.e. the first 7 digits of 152,796,721 and of 32,796,721 then it's very, very low, if it were just 2 events it would be 1 in 10 million.

[honfacifi] 02/5/2024 17:22

Ok Riverfort cracked first and recalled the loan.

[1347] 02/5/2024 17:19

Another late 45,000,000 trade so this may be the last of the CLN trades or it could be made up of those 25m plus 2 x 10 m trades. Either way it looks to me that they've been forward sold before admission on AIM. This company and it's directors really ought to be investigated, there's simply been too much dodgy stuff going on over several years.

[honfacifi] 02/5/2024 15:59

I think those that researched it on the LSE ended up dead right on siesmics and oil in place.

[jammydodger2] 02/5/2024 15:47

52 Week Low 0.0245
52 Week Low Date 02-May-2024

[1347] 02/5/2024 15:16

jd2, yes also ZYX098 has some decent knowledge about oil and gas, a lot of them over there though just post rubbish so I don't read most of it.

[bionicdog] 02/5/2024 14:59

This is terrific. Googlegran didn't come back for long.

[jammydodger2] 02/5/2024 12:43

1347
Penguins and deltavegatheta do some real research on the lse bb don't they?

[25wbh] 02/5/2024 08:22

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