Share Name Share Symbol Market Type Share ISIN Share Description
Uk Oil & Gas Plc LSE:UKOG London Ordinary Share GB00B9MRZS43 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.0075 -5.36% 0.1325 236,168,724 12:56:46
Bid Price Offer Price High Price Low Price Open Price
0.13 0.135 0.1325 0.1025 0.1025
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.91 -20.94 -0.24 25
Last Trade Time Trade Type Trade Size Trade Price Currency
15:06:25 O 130,000 0.1335 GBX

Uk Oil & Gas (UKOG) Latest News (3)

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Uk Oil & Gas Daily Update: Uk Oil & Gas Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker UKOG. The last closing price for Uk Oil & Gas was 0.14p.
Uk Oil & Gas Plc has a 4 week average price of 0.10p and a 12 week average price of 0.10p.
The 1 year high share price is 0.48p while the 1 year low share price is currently 0.10p.
There are currently 18,625,688,159 shares in issue and the average daily traded volume is 81,661,886 shares. The market capitalisation of Uk Oil & Gas Plc is £24,679,036.81.
cmackay: In particle physics, preons are point particles, conceived of as sub-components of quarks and leptons. At some point, the ukog share price will surely reach a value where it will be an indivisible unit of currency.
iammrweald: But.... Ukog....oil exploration. Ukog....oil exporter,with hiccups. Ukog....International oil explorer. Ukog...guys,they starting to ask questions! Ukog...UK magicians,turning oil wells into the UK's newest geothermal baths...powers by oil! And punters still believe this lot?!!! Deserve all you get.
shanew48: No dream, please see below, the unwashed have confirmed that it all starts tomorrow at 4pm so presumably the last 30 minutes of trading could/should be pretty strong for the share price you would imagine! xx "TOMORROW, Tuesday 19th at 4pm the planning committee meets. A new oil field on the Isle of Wight in a #ClimateEmergency? #UKOG #DontDrillTheWight Quote Tweet Don't Drill The Wight @DontDrillWight · 5 Oct BREAKING NEWS. Cheering megaphone We *finally* have a date for the @iwight Council Planning Committee Meeting where a decision on UKOG’s controversial #FossilFuels application will be made. Save the date: 🗓Tuesday 19th October You have 2 WEEKS to tell the @iwight Council #DontDrillTheWight" https://twitter.com/FrackFreeSurrey/status/1450177727928143874
cyan: Good morning Terminator101 You wrote about the DDSPP and directors commitment to buy share ; "Only conclusion is that this was just a con to get the massive placing away." That was one reason, imo. The other was the "Sanderson Out" campaign which posed a serious , credible threat to the boards jobs. The board feared they were losing control. UKOG was in desperate need of working capital as it signed up to expenditure in Turkey without ALL the required funds in place. Based on the evidence; the failure to honour the commitment to buy for two months AND the lack of explanation or reassurance about future buys; we can only reasonable conclude it was a classic CONFIDENCE TRICK. With the votes in the bag and the Sanderson Out movement folding; the board just got on with their usual business; ignoring the shareholder base and gambling with other peoples money on second hand , previously rejected areas for new 'appraisals'. I really do not understand why the 'Sanderson Out' movement did not push for the votes to remove the board. They had already received more pledges than those who voted for the last placing authorisations. There is plenty of evidence to suggest a serious degree of inattentiveness amongst the base shareholders and indolence when it came to actually voting. I think Sanderson Out would have won the day. After going to all that effort they gave up and look at the mess UKOG are in now. The board do not want to hold UKOG shares because they do not believe in its value. There WILL be more dilution and the FACT that the board has not bought tells you that they see in the future; a LOWER share price They are right; look at the evidence. They were supposed to buy on 2nd July; the price was then 0.24p. At that time placing shares at 0.18 were and had been dumped on the market and the board knew it. They knew where the share price was heading. They had a last chance to rescue their credibility by an RNS giving some 'excuse' for the failure to buy on July 2nd and committing to buy of first Friday in August. They haven't; tells me they foresaw an even lower share price. Now I wonder what made them think that ummmm.......
cyan: I think most have concluded that UKOG have a winning case. The points to be argued have to cover relevant planning consent issues; not what an awful money pit UKOG is. I saw Sanderson being cross-examined where the company's huge losses and dismal share performance were brought up. Irritating to Sanderson BUT not relevant to the considerations of the appeal. Sanderson was clearly annoyed. The most revealing thing that came from his mouth was that he thought the share price was 0.2p when it was actually sub 0.15p. Clearly he has next to no interest in the share price; and why should he; he does not care; he does not own a single share. People should keep asking why he thinks UKOG stock is not worthy of holding. I am not the sharpest tool in the box yet even I can see why; dilution, dilution and more dilution to come. Sanderson clearly expects a lower share price. I really do not know why the desperate rampers leap on today's slight up blip. Have they forgotten that on July 2nd the price was 0.24p. That was the day the board were supposed to buy shares! Billions of shares were being offloaded at 0.18p and the board knew it. Its going to be a long time before UKOG drill Loxley . Will the £7m be well spent? First they have to raise the cash and we know how that will happen. Where will the share price be when UKOG raise? Sanderson and the board are not keen to buy; that's a warning.
cyan: Good morning 1347 There may be a delay in the Turkish spend but those funds will have to be ring fenced to fulfil contractual commitments; its as good as spent. The unknown is whether the delay whilst doing the seismic will be so long as to cause the rig to be demobilised. If UKOG & AME want to retain on site it will cost more. Its not OC's fault that UKOG & AME have concluded already , that they are drilling in the wrong place. They were contracted to reach a TD from the site UKOG/AME chose. They could have already drilled a sidetrack and honoured the contract. No, any huge delay is on UKOG's shoulders and they will have to pay extra , imo. The worst case scenario is that the seismic reveals the present pad placing is so sub optimal necessitating the selection of a brand new site altogether at huge extra costs and delays. Further fund raisings will have to be the way of placings. UKOG can not get a RBL based on HH because they have not got a CPR. They can not get a CPR until they show a year of STABLE production. The other problem is ; The Portland looks like its going to be smaller than previously thought. UKOG themselves have estimated its 'technical recoverable' volume at just 600,000 barrels. UKOG are still awaiting approval for the injection plans. Once approved ; a very significant chunk of the £3m will be needed for there. Once injecting and a NEW stable flow of oil commences ; then the years clock can start. Just how much could UKOG borrow; a couple of years hence against such a small pool?
cyan: The 5th July RNS referencing the £5m placing has an interesting paragraph; "The Proceeds of the Placing will, therefore, be used primarily to pay UKOG's remaining share of Basur-3 drilling and seismic acquisition costs and for general working capital. The Company anticipates that its remaining net capital commitment to such programmes is approximately £2.06 million for the Basur-3 appraisal well and £1.1 million for the 2D seismic programme." So its £5m minus £3.17m to be spent in Resan leaves £1.83 m Since the placing UKOG had an open offer where they hoped to raise £4.7m . It flopped and and all they got was £462,554. So UKOG were short about £4.23m So £1.83m plus £462,554 gives UKOG £2,292,554 for "general working capital" We can not be sure how much cash UKOG had before the raises BUT they were warning they were running out of working capital (which likely meant Turkey) UKOG's interim results stated they had £1.944m cash at 31st March 2021 The fly in the ointment is the huge delays in Turkey which logically will increase costs. UKOG's 4 year record of fund raises suggests that the company needs cash injections of over a million every month. My guesstimate is UKOG have about £3m cash that's not committed to Turkey. Ummmmm It looks to me that UKOG will be looking to raise again sooner than they intended. If they had that open offer 'missed pay' of circa £4.23m they would have had headroom for several months more.
cyan: The failures of the board are multiple; from failing to buy shares to the failure to cut their pay as promised. Then we have the failure to keep investors properly informed when there are drill issues as at BB and again at Basur. The board suppresses bad news while peddling rubbish 'good news' like joining a geothermal association; laughable . Why haven't UKOG RNS'd the results of their Turkish licence applications? UKOG bigged up their significance in this presentation; hTTps://www.ukogplc.com/ul/UKOG%20Corporate%20Presentation%20WEBSITE%20020721.pdf and here; hTTps://www.ukogplc.com/ul/5fd1d1f94b964_Turkey_New_Acreage_PR_Slides_FINAL_091220.pdf
jack4691: UKOG share price already down in anticipation of Monday news !
jack4691: With all the Bu11 being posted (copied from another site !) the UKOG share price remains (more or less) UNCHANGED. One wonders if these 1D10T5 even comprehend the level of their 5tupidity! No wonder the likes of SS try and exploit their ignorance.
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