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
  0.025 7.14% 0.375 55,907,814 16:04:56
Bid Price Offer Price High Price Low Price Open Price
0.35 0.40 0.375 0.325 0.375
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.21 -2.27 -0.08 28
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:11 O 563,000 0.3566 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
2020-04-08 15:28:120.36563,0002,007.66O
2020-04-08 15:27:220.38258,382987.02O
2020-04-08 15:22:590.387,81230.00O
2020-04-08 15:17:250.362,000,0007,122.00O
2020-04-08 15:15:490.383,90615.00O
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Uk Oil & Gas (UKOG) Top Chat Posts

DateSubject
08/4/2020
09:20
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 0.35p.
Uk Oil & Gas Plc has a 4 week average price of 0.32p and a 12 week average price of 0.32p.
The 1 year high share price is 1.43p while the 1 year low share price is currently 0.32p.
There are currently 7,421,395,360 shares in issue and the average daily traded volume is 91,336,218 shares. The market capitalisation of Uk Oil & Gas Plc is £27,830,232.60.
13/3/2020
21:37
jack4691: Giz-OAF Fraudster and Liar is quick to post 'I told you so' when he's been saying the thing most days and one day it comes true. But this is what I posted Mon 9th March 2020 at 14.35: . . . . "On a more 'serious note' (if there be such a thing on this bb!), the RNS dated 5 March 2020 stated "It is anticipated that the Investor Shares will be admitted to trading on AIM on or around 12 March 2020 ("Admission")." So watch out for the ever obliging (to SS cronies at least) MM's push the UKOG share price up north for the next few days after 12 March 2020 to enable the 'Investors Shares' to be dumped on to unsuspecting punters!" . . . . . READ you R'sole Giz the CON, READ. I told you so, the SS RNS was just to give the MM's an excuse to push the share price UP. Get it you 1D10T.
23/2/2020
08:35
hans christian andersen: "This could be a crucial year for UK Oil & Gas (LSE: UKOG). And before anyone points it out to me, yes, I know, I suggested exactly the same thing for 2019. But here we are in 2020, with it still plodding along, and still not having made good on its claims of enormous volumes of oil and gas under its control. Still, while the company hasn’t gone bust, its share price has crashed by 45% since my 2019 make-or-break thoughts and by 60% over the full 12 months. And since the exuberant peak of September 2017, the price is down a stunning 92%. Whatever timescale you examine, UKOG is not looking like much of a success. It’s all about the Horse Hill oil prospect beneath the Weald Basin in Surrey, dubbed the Gatwick Gusher after its proximity to the airport. But never mind gushing, I’m starting to wonder if there might be more oil at the airport itself. Oil flow Early claims suggested there could be up to 100bn barrels of hydrocarbons down there, but how much is flowing today? The firm’s latest production update, at the end of January, told us how its test pumping is going. Test production at the HH-1 Portland well managed a rate of 435 barrels of oil per day (bopd) for a period of six hours, with dry-oil output stabilising at an average of 293 bopd. We heard that “the company now intends to accelerate the start of up to 25 years of continuous long-term production by six months,” with plans to bring HH-1 into production this spring. Up to 25 years, eh? Long-suffering shareholders must surely be opening the champagne to toast the imminent arrival of their much-delayed stream of oily riches. Loan reduction Meanwhile, two of its lenders, Riverfort Global Opportunities PCC and YA II PN, continue to convert some of their loans into equity. The latest instalment, on 3 February, saw the pair decide to convert £200,000 into UKOG shares, and that follows on from the conversion of £250,000 in January. According to an update on Wednesday, of the original loan of £5.5m, some £3.15m remains unconverted. Why are they making these conversions? I could only speculate, though possibly not productively. With the share price steadily declining, the value of all these conversions doesn’t seem to be doing very well. But against that, it seems “the loan attracts 0% interest,” so it’s anybody’s guess what it’s all about. Oil price Is the oil price behind the UKOG share price weakness? Having fallen to only around $55 as I write, the potential value of any UKOG production will have slipped. But I really don’t see that as having a great deal of significance. The biggest bearish factors to me seem to be the lack of commercial production, and the ongoing mystery surrounding the extent of the firm’s reserves in the continuing absence of a Competent Person’s Report. We’ll have to wait and see if the production taps really do open in this spring. But either way, I don’t expect to be writing the same article this time next year."
12/2/2020
17:14
hans christian andersen: This could be a crucial year for UK Oil & Gas (LSE: UKOG). And before anyone points it out to me, yes, I know, I suggested exactly the same thing for 2019. But here we are in 2020, with it still plodding along, and still not having made good on its claims of enormous volumes of oil and gas under its control. Still, while the company hasn’t gone bust, its share price has crashed by 45% since my 2019 make-or-break thoughts and by 60% over the full 12 months. And since the exuberant peak of September 2017, the price is down a stunning 92%. Whatever timescale you examine, UKOG is not looking like much of a success. It’s all about the Horse Hill oil prospect beneath the Weald Basin in Surrey, dubbed the Gatwick Gusher after its proximity to the airport. But never mind gushing, I’m starting to wonder if there might be more oil at the airport itself. Oil flow Early claims suggested there could be up to 100bn barrels of hydrocarbons down there, but how much is flowing today? The firm’s latest production update, at the end of January, told us how its test pumping is going. Test production at the HH-1 Portland well managed a rate of 435 barrels of oil per day (bopd) for a period of six hours, with dry-oil output stabilising at an average of 293 bopd. We heard that “the company now intends to accelerate the start of up to 25 years of continuous long-term production by six months,” with plans to bring HH-1 into production this spring. Up to 25 years, eh? Long-suffering shareholders must surely be opening the champagne to toast the imminent arrival of their much-delayed stream of oily riches. Loan reduction Meanwhile, two of its lenders, Riverfort Global Opportunities PCC and YA II PN, continue to convert some of their loans into equity. The latest instalment, on 3 February, saw the pair decide to convert £200,000 into UKOG shares, and that follows on from the conversion of £250,000 in January. According to an update on Wednesday, of the original loan of £5.5m, some £3.15m remains unconverted. Why are they making these conversions? I could only speculate, though possibly not productively. With the share price steadily declining, the value of all these conversions doesn’t seem to be doing very well. But against that, it seems “the loan attracts 0% interest,” so it’s anybody’s guess what it’s all about. Oil price Is the oil price behind the UKOG share price weakness? Having fallen to only around $55 as I write, the potential value of any UKOG production will have slipped. But I really don’t see that as having a great deal of significance. The biggest bearish factors to me seem to be the lack of commercial production, and the ongoing mystery surrounding the extent of the firm’s reserves in the continuing absence of a Competent Person’s Report. We’ll have to wait and see if the production taps really do open in this spring. But either way, I don’t expect to be writing the same article this time next year. DYOR
31/1/2020
11:37
datait2: gizoaf , cue gizoaf, almost bang on time, was it matermelons and pineapples for breakfast??, what do think of the UKOG price gizoaf, ?? anymore earthquakes in your area?? none here in good ole UK, stable as a rock , just like UKOG share price, lol.
21/12/2019
14:57
hans christian andersen: Well F my old boots! 3 reasons why I’d buy the UKOG share price for 2020 HTTps://www.fool.co.uk/investing/2019/12/21/3-reasons-why-id-buy-the-ukog-share-price-for-2020/ What do you get if you cross Santa with a duck? A Christmas quacker
01/12/2019
20:03
atino: (Snippet 🙇) The Share price The UKOG share price remains stuck in the 1-1.1p range as YA continues to sell the stock and investors, for now, are staying away. The RNS confirms that Preliminary HH-2z electric log analysis suggests the horizontal trajectory has penetrated good to excellent reservoir quality and high oil saturations throughout the 35 ft thick sweet-spot zone. The drilling fluid density required whilst drilling the horizontal is also strongly indicative that HH-2z has penetrated an area of the Portland oil pool with significantly lower pressure depletion than expected, a positive indication for possible larger connected oil volumes than previously recognised. All looks good. UKOG just need some buying interest. I see nothing negative in this RNS despite the gloomsters. https://contrarianinvestor.net/posts/category/AIM+oil+and+gas
06/11/2019
13:59
atino: (Quote 🙇) Here’s what I’d do about the UKOG share price right now | Rupert Hargreaves | Wednesday, 6th November, 2019 Here’s what I’d do about the UKOG share price right now The last time I covered UKOG (LSE: UKOG), I concluded that shares in the oil minnow might be an attractive investment if the company manages to execute its drilling and production plans without any setbacks over the next six-to-12 months. That was at the beginning of October. Since then, the firm has continued to push ahead with its drilling and testing schedule. The company is currently concentrating on developing its Horse Hill-2z (HH-2z) Portland horizontal well. This is designed to tap into the Portland reservoir’s most oil-productive zone, or “sweet spot“, which was defined by the HH-2 pilot well’s successful coring and electric logging programmes. These operations were completed in the middle of October, and management is hoping to get the HH-2z well into production by year-end. Risky business Drilling for oil is a risky business, and there’s never any guarantee everything will go to plan. However, UKOG’s operations at HH-2z are making progress. We should find out in the next week or two if the company has successfully managed to complete drilling at the prospect. The next stage will be the clean-up and flow testing. As I noted last time I covered the business, the results from HH-2z could be make-or-break for UKOG. Management claims this new prospect could be “capable of delivering flow rates significantly higher” than the HH-1 vertical Portland discovery well, which has been recorded as being able to produce just over 300 barrels of oil per day. As my Foolish colleague Alan Oscroft recently noted, on October 9 the company reported production from the Horse Hill-1 test well had reached 41,800 barrels although, as he went on to add, this figure “tells us nothing whatsoever about any prospective daily production rate.” However, what does tell us is that UKOG is now producing oil and, perhaps more importantly, producing revenues. What’s next? So what does this all mean for investors? Well, the next few months are going to be critical for the UKOG share price. If the company does have success at its HH-2z well, then there’s a genuine chance this business could become a fully operational oil producer in 2020. On the other hand, if the new prospect fails to live up to expectations, then there will be more delays, costs, and dilution for shareholders ahead. With this being the case, I’m not a buyer of the stock at current levels. While I believe there could be a significant upside on offer for shareholders if the company does push through and strike black gold. But if it doesn’t, there’s no telling how far the stock could fall. I would rather sit on the sidelines and wait for news of further progress before initiating a position on this particular oiler. Under-The-Radar Investment There are a number of small-cap stocks that could be worth buying right now, and our investing analysts have written a FREE guide called “1 Top Small-Cap Stock From The Motley Fool”. The company in question may have flown under your investment radar until now, but could help you to build a great income from your investments and retire early, pay off the mortgage, or simply enjoy a more abundant lifestyle. https://www.fool.co.uk/investing/2019/11/06/heres-what-id-do-about-the-ukog-share-price-right-now-2/
14/10/2019
19:43
atino: This certainly ain’t “off topic” 😃👍 (Quote 🙇) “The UKOG share price: Is it set to soar in 2020?” 🤷🏻‍♂️ Something strange has happened to the UK Oil & Gas (LSE: UKOG) share price – it’s risen, and it’s kind of stayed up. Admittedly we’re still looking very much at penny share levels, but at 1.043p as I write, the price is up 30% since a low on 7 August. Over the past 12 months the UKOG share price has slumped by 46% (even after the latest gain), and we’re looking at a 90% loss since 2017’s peak. Could things really be different this time? Outpourings UKOG is turning up its rate of communications, and we’ve seen as many RNS releases from the company in the past month as in the previous five. It started with the announcement, on 11 September, that UKOG had expanded its holding in the Horse Hill oil field to a controlling 85.6%, from its previous 50.6% stake. Updates regarding drilling at Horse Hill have been rather mired in detailed technical progress. Frankly, I don’t really care about the specific time of day an activity commenced, exactly which diameter casing has just been cemented into place, to precisely what depth, and so on. We’re still getting regular flow test updates, with the test production from the Horse Hill-1 test well apparently reaching 41,800 barrels by 9 October. That’s total, by the way, which really tells us nothing whatsoever about any prospective daily production rate or the potential size of any reserves. These updates are really just saying “Oil is still trickling out of that hole we drilled.” More new shares UKOG is also still handing out new shares as if they find them on trees. Recently it’s been to convert some of its debt owed to YA II PN Ltd. In three new tranches, the company has issued 114.6m new shares in exchange for a reduction in its loan from £5.5m to £4.35m. Oh, and options for over 121.5m new shares were awarded to directors and employees on 27 September. And the firm’s newly formed Employee Benefit Trust is subscribing to 201m new shares. It’s easy to lose track of all these millions of new shares being issued, but despite this extra dilution, the UKOG share price is so far remaining relatively buoyant – though it did reach a higher point of 1.374p on 10 September, a level from which it has retrenched a little. I’ve scrutinised the past month’s worth of company updates, and I’m seeing nothing that inspires optimism. To me it all just seems like noise added to the news of all the new share issues. Meanwhile, there’s one substantial question that remains unanswered, and towards which I’m seeing no real progress. That question is – what commercial reserves are actually down there? A real milestone A key milestone for most oil explorers is getting good analysis done, leading to a Competent Person’s Report. Such a report would provide an independent technical report on UKOG’s hydrocarbon assets, split into three categories: reserves currently anticipated to be commercially recoverable, contingent resources that are not yet ready for commercial development, and prospective resources that could be potentially recoverable from new discoveries. UKOG has shown little enthusiasm for procuring such a report. But until I see one, I’ll continue to rate UKOG’s prospects as a pipe dream. I’m still giving it a wide berth. https://www.fool.co.uk/investing/2019/10/14/the-ukog-share-price-is-it-set-to-soar-in-2020/
23/9/2019
16:34
hans christian andersen: Probably one of the few times when the name matches the content. The UKOG share price is flying. Time to buy? G A Chester | Monday, 23rd September, 2019 | More on: UKOG Arrowings ascending on a chalkboardImage source: Getty Images. The UK Oil & Gas (LSE: UKOG) share price has been on a tear over the last couple of months. It gained 13% in August and has gushed over 20% higher so far in September. Despite the rise, the current price of 1.3p remains a long way below its highs of over 8p this time two years ago. What’s behind the market’s rekindled enthusiasm for the stock? And could now be the time to jump aboard for a new run-up to the old highs and perhaps beyond? Good news It’s been just over five years since drilling commenced at Horse Hill — a test well (HH-1) that produced high initial flow rates and was dubbed the ‘Gatwick Gusher’. However, while there’s been some ad hoc revenue from further testing, a permanent producing well has yet to be established. The revenues from such production are important because, since the Gatwick Gusher was first drilled, UKOG has been raising cash — and burning through it at a rate of knots. Up to the end of 31 March this year, it had raised a total of £41m and burnt through £34.7m. Investors have had their pips well and truly squeaked, with the company having issued 4.7bn new shares over the period, taking the number of shares in issue from 1.3bn to 6bn. And there’s been further fundraisings (and cash burn) since 31 March. Shares in issue are up to 6.4bn at the latest count. The good news — and the reason I think market excitement about the stock has been reignited — is that a permanent production well finally appears to be within touching distance. On 12 September, the company announced a rig is scheduled to arrive by the end of the month to drill “the much anticipated HH-2/2z Portland horizontal well, a key step towards establishing significant long-term production and cash flow from Horse Hill by the end of the year.” Hothouse stock When I say market excitement about the stock has been reignited, you need to understand what the market for UKOG stock is. Like a lot of loss-making AIM-listed oilers, there are no institutional investors among the company’s major shareholders. Price action is driven entirely by retail investors, some of whom are in for the long haul. But many hop from oil stock to oil stock as company news and sentiment waxes and wanes, or are speculative day traders, following wherever there’s volume and momentum, and adding to it. In this hothouse environment, share prices — and the valuations of the companies — can move out of all proportion to the underlying fundamentals of the business, which is what investors should be focused on. Fundamentals It’s looking like the Portland producing well is finally going to happen, having been originally scheduled for late 2018/early 2019. While the cash flow will be welcome, there’ll still be a need for further dilutive fundraisings to develop the field, even in the best case targeted rate of production, which there’s no guarantee will be achieved. Furthermore, UKOG has yet to publish a promised updated independent Competent Persons Report (CPR) with recoverable reserves and net present values of cash flows associated with the envisaged field development. Based on the existing CPR, I think the company’s £83m market valuation is much too high. As such, I’m avoiding the stock at this stage.
04/5/2019
20:57
atino: UK Oil & Gas (UKOG) share price: hit and hope? 🤷‍♂;️🤦‍♂️ By all metrics, UK Oil & Gas (UKOG) is an extraordinary stock. A mixture of patriotism, hyperactivity on internet bulletin boards and high trading volumes have led to wild swings in the share price. Launched by serial entrepreneur, David Lenigas, as a cash shell in late December 2013, UKOG is an oil and gas exploration company with several assets in the Weald Basin of the South of England. In March 2016 it attracted national news coverage with the discovery of the ‘Gatwick Gusher’, an onshore oil field at Horse Hill in Surrey, and claims of up to 100 billion barrels of oil, which has sparked ongoing investor interest ever since. The company is AIM-listed, one of many junior exploration and production businesses that have listed on the market. As of April 2019, there were 93 companies in the AIM Energy classification, of which just 15 reported profits. To finance the firm’s activity to date, UKOG has regularly tapped the markets for more cash to expand operations, with a further placing raising £3.5 million in March 2019. This has caused significant dilution for shareholders, doubling the number of share outstanding over the past two years, to a fraction over 6 billion, a ten fold increase since December 2013. The result of this is that while the share price has gone nowhere over five years, the market cap has increased from a very low base. UKOG – the speculator’s favourite Now sporting a market cap of just over £70 million, but never having got close to generating meaningful revenues. Data on Google searches reveals astonishing search volumes for such a small business, with around 400,000 monthly searches for terms such as ‘UKOG’ or ‘UKOG share price’. In comparison, similar search terms for HSBC’s share price are around ten times lower. This is reflected in the number of posts on the popular bulletin board, ADVFN; 137,000 posts for the former and just 8000 posts on the latter. Unusually for a high profile share, it is not covered by any sell side analysts and has a shareholder list that is almost uniformly made up of non-professional investors. For many people that would be a genuine red flag: in the absence of institutional investors, have the necessary levels of due diligence been performed by the shareholders? UKOG’s management have been awarded share options as part of their compensation, but appear not to own many shares (if any) in the business. Possibly uniquely, the ten largest registered owners are all retail investor platforms, with Hargreaves Lansdown and Interactive Investor alone accounting for 40% of the holders. IG’s clients are also active in this stock, and at the turn of the year nearly 3% of clients had a position in it. Table: UKOG shareholder list Owner Holding % Hargreaves Lansdown 26.0 Interactive Investor 14.0 Halifax Share Dealing 12.8 Barclays (client accounts) 7.5 HSBC Holdings 4.6 Share Centre 3.2 AJ Bell 2.4 Equiniti Shareview 2.4 IG Markets 1.9 Jarvis Investment Management 1.9 Total 76.7 Source: Bloomberg, April 2019 Oil exploration is costly Finding and the extracting oil is a costly business, particularly in the crowded South East of England, and UKOG is not alone in having its share of disappointments. 2018 saw write-offs totaling £11.56 million, with the announcement in February of ‘formation damage’ at the Broadford Bridge oil well knocking more than £50 million off the market cap in one day. This is the crux of the problem. Finding oil is relatively simple compared to the challenges of extracting it, and it simply may not be viable to pump commercial quantities of oil to the surface. Revenues of just £0.2 million a year reflect this difficulty. UKOG clearly outlines its project plans in the latest investor presentation, prospecting in a number of areas, but the reality is that this is very much an exploration company which could be many years from making large revenues. If indeed it ever gets there. The extract from the presentation below illustrates this point quite neatly. The question investors will inevitably be asking, is why a loss-making business has continued to use precious cash on acquiring further assets from Europa Oil & Gas and Union Jack Oil, if the existing asset at Horse Hill is expected to be so productive? Another concern for investors would be that company’s share price is determined by speculators, rather than investors, many of whom are waiting for the next big price spike. If, or when, the share price does rally, it’s inevitable that not everyone will be able to sell at once. Conclusion – UKOG just another ‘lottery stock’? UKOG has similar characteristics to Sirius Minerals, a North Yorkshire potash miner, only on a scale many times smaller. It’s easy to dismiss these types of loss-making thematic stocks as ones to avoid, and certainly the share price volatility of both these businesses have a casino-like element which offers a high probability of making capital losses – yet by their very nature some of them will pay off. The academics Bjorn Eraker and Mark Ready, in a 2014 paper, ran an analysis of US-listed penny stocks, finding that a substantial majority of these investments underperformed the wider market when costs were taken into account. However, the dataset exhibited strong positive skew, meaning that there were very large outsized gains to be made in a smaller subset of names. UKOG may not be a lottery ticket, in the truest sense, but investors should take more care than usual before allocating large amounts of their capital to it. https://www.ig.com/uk/investments/news/share-dealing/2019/04/29/uk-oil---gas--ukog--share-price--hit-and-hope-
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