Share Name Share Symbol Market Type Share ISIN Share Description
UK Oil & Gas LSE:UKOG London Ordinary Share GB00B9MRZS43 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.10p +4.40% 2.375p 87,635,865 15:17:21
Bid Price Offer Price High Price Low Price Open Price
2.35p 2.40p 2.375p 2.25p 2.25p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 0.21 -2.27 -0.08 123.7

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Date Time Title Posts
21/7/201822:28UKOG strikes oil 201693,766
21/7/201822:28UK OIL & GAS 2018 - "The Gatwick Gusher"4,888
21/7/201809:24I wonder why?185
19/7/201818:32UKOG HAVE NOW GOT GAS AND LOADS OF IT..LENIGAS SPILLS THE BEANS1
12/7/201812:27Markcrispy aka crispy nuts116

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DateSubject
21/7/2018
09:20
UK Oil & Gas Daily Update: UK Oil & Gas is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker UKOG. The last closing price for UK Oil & Gas was 2.28p.
UK Oil & Gas has a 4 week average price of 1.23p and a 12 week average price of 0.93p.
The 1 year high share price is 11p while the 1 year low share price is currently 0.93p.
There are currently 5,207,240,526 shares in issue and the average daily traded volume is 243,408,858 shares. The market capitalisation of UK Oil & Gas is £123,671,962.49.
12/7/2018
17:55
cyan: ALBA holds 18.1 % of HHDL. This is how they detailed the flow testing in The Portland and its possible commercial viability. hTTps://uk.advfn.com/stock-market/london/alba-mineral-resources-ALBA/share-news/Alba-Mineral-Resources-PLC-Horse-Hill-Update/77663728 14.6.18 "Portland Test As per the 2016 test, which flowed oil from the Portland at a stable metered rate of 323 bopd over an 8.5 hour period, a linear rod-pump will be utilised to flow Portland oil from around 35 metres of existing perforations located at around 615 metres below surface. As the 2016 test rates were constrained by the pump's stroke capacity, the new test will use a larger pump with a capacity of around 475 bopd. Given the currently estimated low Portland production costs of around $20-25 per barrel, the 32 million barrels most likely Portland oil in place calculated by Xodus in 2017, together with the good flow rates recorded in 2016, makes the Portland a strong candidate for commercial viability. Consequently, subject to a successful test outcome, a Portland commercial declaration by late summer 2018 is a realistic possibility." =========================================================================== The Portland is looking promising for the HHDL partners. What can we learn from the relative share performances? Market cap of UKOG today is circa £118.5 million Market cap ALBA is circa £11 million. With ALBA holding 18.1% of HHDL and making a BIG assumption that they do not hold anything else of value ; we can make a BEST CASE valuation of HHDL NOW at about £60 million. UKOG holds 49.9% of HHDL. The read across valuation of UKOG's share in HHDL is circa £30 million. We should factor in UKOG's £12.5 million in cash (remember funds will be spent on the EWT and elsewhere) UKOG's other assets are licenses and HORNDEAN producing oil field.(14 barrels per day to UKOG) Earnings maybe £2-300K pa. So, we have a generous HHDL valuation of £30 million plus cash of £12.5 million ; totals £42.5 million . What do we add for the value of HORNDEAN and licenses ? Can not , imo, reasonably value EVERYTHING UKOG holds at more than £50 million. I am open to counter arguments. So, my at BEST valuation based on a GENEROUS reasoned comparison with a partner in HHDL shows UKOG has an enormous £68.5 million premium NOW. Remember UKOG holds rights to only 32.435% of the oil production. Imo , its really hard to argue why UKOG should be valued so much more than its next largest partner. Imo UKOG share price is way ahead of where it should reasonably be , NOW.
11/7/2018
07:44
ssrover: Motley Fool yesterday Is the UKOG share price heading for 7p again? Tuesday, 10th July, 2018 The share price of UK Oil & Gas Investments (LSE: UKOG) has staged a recovery over the last month, doubling from lows of about 1p to around 2.2p. Although the shares are still down by around 33% this year, investors appear to have new optimism about the company. One problem that’s been solved for now is UKOG’s cash shortage. The firm’s half-year results showed a net debt position of £0.7m at the end of March. But over the last month, it’s raised £12.5m through share placings. This is expected to provide enough cash for “core projects over the next 18 months”. Good news on the horizon? At the top of the list of core projects is appraising and developing the Horse Hill-1 well in the south of England. UKOG has a 32.4% beneficial interest in the PEDL137 licence area containing this oil discovery. Operations have recently begun on an extended well test programme. This is designed to establish the well’s potential for commercial production and provide information for a potential second well, HH-2. This testing is expected to last 150 days, suggesting that we could see results during the final quarter of this year. Management hopes that HH-1 will be converted into a production well following the tests, providing a much-needed source of revenue. Cheap at this level? The well test is expected to provide the data needed to produce estimated oil reserve figures for Horse Hill. This could be a major step forward in terms of cementing a valuation for the company.
11/7/2018
06:24
moneymunch: Motley Fool Is the UKOG share price heading for 7p again? Tuesday, 10th July, 2018 The share price of UK Oil & Gas Investments (LSE: UKOG) has staged a recovery over the last month, doubling from lows of about 1p to around 2.2p. Although the shares are still down by around 33% this year, investors appear to have new optimism about the company. One problem that’s been solved for now is UKOG’s cash shortage. The firm’s half-year results showed a net debt position of £0.7m at the end of March. But over the last month, it’s raised £12.5m through share placings. This is expected to provide enough cash for “core projects over the next 18 months”. Good news on the horizon? At the top of the list of core projects is appraising and developing the Horse Hill-1 well in the south of England. UKOG has a 32.4% beneficial interest in the PEDL137 licence area containing this oil discovery. Operations have recently begun on an extended well test programme. This is designed to establish the well’s potential for commercial production and provide information for a potential second well, HH-2. This testing is expected to last 150 days, suggesting that we could see results during the final quarter of this year. Management hopes that HH-1 will be converted into a production well following the tests, providing a much-needed source of revenue. Cheap at this level? The well test is expected to provide the data needed to produce estimated oil reserve figures for Horse Hill. This could be a major step forward in terms of cementing a valuation for the company.
10/7/2018
21:09
moneymunch: Is the UKOG share price heading for 7p again? Roland Head | Tuesday, 10th July, 2018 | More on: SCT UKOG Image source: Getty Images. The share price of UK Oil & Gas Investments (LSE: UKOG) has staged a recovery over the last month, doubling from lows of about 1p to around 2.2p. Although the shares are still down by around 33% this year, investors appear to have new optimism about the company. One problem that’s been solved for now is UKOG’s cash shortage. The firm’s half-year results showed a net debt position of £0.7m at the end of March. But over the last month, it’s raised £12.5m through share placings. This is expected to provide enough cash for “core projects over the next 18 months”. Good news on the horizon? At the top of the list of core projects is appraising and developing the Horse Hill-1 well in the south of England. UKOG has a 32.4% beneficial interest in the PEDL137 licence area containing this oil discovery. Operations have recently begun on an extended well test programme. This is designed to establish the well’s potential for commercial production and provide information for a potential second well, HH-2. This testing is expected to last 150 days, suggesting that we could see results during the final quarter of this year. Management hopes that HH-1 will be converted into a production well following the tests, providing a much-needed source of revenue. Cheap at this level? The well test is expected to provide the data needed to produce estimated oil reserve figures for Horse Hill. This could be a major step forward in terms of cementing a valuation for the company.
07/7/2018
10:59
atino: [hmmmm...🤔] (Quote 2/7/18) “Why I'd ignore the UKOG share price and focus on this small-cap growth company” 😱😱😱🤦‍♂️ The 133% uplift in the share price of UK Oil & Gas Investments (LSE: UKOG) since the beginning of June looks good, but to put that in context, it comes after an 88% decline since the shares peaked in September 2017. Movements like that have the potential to win or lose investors a fortune, and depending on individual buy and sell decisions, I'm sure that fortunes have been won or lost on this volatile stock. There's oil in the ground, but the big question is, can the company get it out? In last month's interim report covering the trading period to 31 March, chairman Stephen Sanderson said he is "very confident" that the firm's comprehensive long-term testing campaign will "provide the necessary data to fully assess Horse Hill's Portland and Kimmeridge commerciality and help move the project towards timely production in 2019." Maybe the company's oil finds will prove to be commercially viable, but the directors' language sounds to me like they are bedding down for a long and grinding process in order to establish that. Meanwhile, the firm has no earned-income and during the period raised £10m in a convertible loan note, of which £1.75m is outstanding. On top of that, a further £5.5m came in from institutional investors via a share placing after the period ended. Let's hope that UKOG can commercialise its assets and get them earning cash inflow before existing investors are diluted into oblivion. However, I'm avoiding the stock and would rather take my chances with...??? 💭💭💭 https://www.aol.co.uk/news/2018/07/02/why-id-ignore-the-ukog-share-price-and-focus-on-this-small-cap/?guccounter=1
06/7/2018
13:02
moneymunch: Has the UKOG share price finally turned a corner? THE MOTLEY FOOL Jul 6th 2018 5:59AM Having fallen from 9p in September 2017 to just 1p in May 2018, the performance of the UKOG(LSE: UKOG) share price has clearly been disappointing. Challenges regarding flow testing have hurt investor sentiment in the stock, while the cost of funding its operations has put its financial standing under a degree of pressure. In the last month, though, the company's stock price has risen from 1p to 2p. Although it is clearly a long way behind its previous highs, could this be the start of a recovery? And could it be worth buying alongside another resources sector stock that has also delivered disappointing share price performance in the recent past? IMPROVING OUTLOOK? Recent weeks have seen an improvement in the financial standing of UKOG. It has raised around £12.5m in the last month (with £2m raised just a couple of days ago), and this is expected to be sufficient to fund its operational activity over the next 18 months. This may cause investor sentiment to improve to some degree, since any immediate risk of running out of cash seems to have been overcome. As such, investors may now be able to focus on the medium-term potential of the business. In the near term, the results of flow testing operations could have a significant impact on its share price. They are focused on longer-term flow testing after the company has reported mixed results in the past. For example, in 2016 aggregate oil flow was 1,688 barrels of oil per day, but this was undertaken over relatively short time periods. Clearly, UKOG is a relatively risky stock, given the nature of its business and its volatile share price. But with an improving financial position and the company targeting first stable oil production in 2019, it could offer turnaround potential.
04/7/2018
17:15
temmujin: just out on motleyfool.. Why now could be the time to buy into the UKOG share price Rupert Hargreaves | Wednesday, 4th July, 2018 | More on: UKOG Image source: Getty Images. UK Oil & Gas Investments (LSE: UKOG) has undoubtedly been an exciting company to cover over the last few years. In 2016, the company made headlines after testing at its Horse Hill development produced the highest flow rates of any onshore wildcat well in the UK. Then in 2017, canny investors who bought into the story saw the value of their shares rise eight-fold as excitement around Horse Hill grew. Unfortunately, since the shares peaked at 9p last September, investment returns have proved disappointing because development there has slowed. The main problem is that while the company is working hard to unlock value from the so-called Gatwick Gusher, flow testing has been disappointing. As my colleague Alan Oscroft has pointed out, oil is flowing from the wells drilled at decent rates, but only for relatively short periods at a time. Time for a turnaround? UKOG has suffered some setbacks, but management isn’t giving up just yet. One of the most significant issues the company currently faces is its level of cash burn. Drilling for oil and gas isn’t cheap, and the business has been relying on the kindness of investors to keep the lights on while it tries to develop the Horse Hill prospect. However, I believe that the latest flurry of deals over the past 30 days has put the business in an extremely advantageous position. UKOG has now raised £12.5m since the beginning of June, enough cash to see it into 2019. By this point, we should have more clarity on the firm’s production prospects. And we could have more good news on this front relatively soon. Last week, UKOG said Horse Hill Development Ltd, the operator of the Horse Hill-1 oil discovery, has started planned flow testing operations of each of the Kimmeridge Limestone4 and KL3 oil pools. This “comprehensive long-term production testing campaign will provide the necessary data to fully assess Horse Hill’s Portland and Kimmeridge commerciality,”; according to chairman Stephen Sanderson. A lot is depending on the results of these tests. If oil flows as expected, I believe UKOG’s share price could really take off as investors buy back into the Horse Hill story. Even though there will still be plenty of work to do to make the prospect commercially viable if the flow testing is a success, proving that the oil in the ground is indeed recoverable should reignite interest from investors. I can see the scent of profits also leading to increased institutional demand. So, will I be buying UKOG now that the company is on the cusp of a transformational change in fortunes? The answer is, not yet. While I would certainly not write off UKOG as an investment, I believe that at this point the risk/reward balance is off. I’d like to see more concrete evidence that Horse Hill is a viable oil asset before buying into the growth story. With a comprehensive long-term production testing campaign already underway, it may only be a matter of time before management can provide this confirmation.
04/7/2018
14:29
h2owater: Why now could be the time to buy into the UKOG share price Rupert Hargreaves | Wednesday, 4th July, 2018 Time for a turnaround? UKOG has suffered some setbacks, but management isn’t giving up just yet. One of the most significant issues the company currently faces is its level of cash burn. Drilling for oil and gas isn’t cheap, and the business has been relying on the kindness of investors to keep the lights on while it tries to develop the Horse Hill prospect. However, I believe that the latest flurry of deals over the past 30 days has put the business in an extremely advantageous position. UKOG has now raised £12.5m since the beginning of June, enough cash to see it into 2019. By this point, we should have more clarity on the firm’s production prospects. And we could have more good news on this front relatively soon. Last week, UKOG said Horse Hill Development Ltd, the operator of the Horse Hill-1 oil discovery, has started planned flow testing operations of each of the Kimmeridge Limestone4 and KL3 oil pools. This “comprehensive long-term production testing campaign will provide the necessary data to fully assess Horse Hill’s Portland and Kimmeridge commerciality,” according to chairman Stephen Sanderson. A lot is depending on the results of these tests. If oil flows as expected, I believe UKOG’s share price could really take off as investors buy back into the Horse Hill story. Even though there will still be plenty of work to do to make the prospect commercially viable if the flow testing is a success, proving that the oil in the ground is indeed recoverable should reignite interest from investors. I can see the scent of profits also leading to increased institutional demand. So, will I be buying UKOG now that the company is on the cusp of a transformational change in fortunes? The answer is, not yet. While I would certainly not write off UKOG as an investment, I believe that at this point the risk/reward balance is off. I’d like to see more concrete evidence that Horse Hill is a viable oil asset before buying into the growth story. With a comprehensive long-term production testing campaign already underway, it may only be a matter of time before management can provide this confirmation hTTps://www.fool.co.uk/investing/2018/07/04/why-now-could-be-the-time-to-buy-into-the-ukog-share-price/
02/7/2018
18:34
h2owater: Lenigas tweets update from Horse Hill, sends UKOG share price soaring 15:04 02 Jul 2018 “40 API oil at Horse Hill in the Kimmeridge limestones was a great surprise. Because that is better quality than North Sea #Brent. The better surprise was that both the Kimmeridge and Portland oil were DRY #Oil on the initial flow tests - No water! Amazing!” David lenigas The information is yet to be officially confirmed by UKOG or its partners A tweet from David Lenigas about the ongoing flow testing at Horse Hill has sent shares in UK Oil & Gas Investments Limited (LON:UKOG) soaring on Monday afternoon. The serial small cap investor, who is executive chairman at Doriemus (ASX:DOR) which has a stake in the ‘Gatwick Gusher’, said the oil flowing from the HH-1 well was 40° API. David Lenigas @DavidLenigas 40 API oil at Horse Hill in the Kimmeridge limestones was a great surprise. Because that is better quality than North Sea #Brent . The better surprise was that both the Kimmeridge and Portland oil were DRY #Oil on the initial flow tests - No water! Amazing! @UKOGlistedonAIM 8:34 AM - Jul 2, 2018 63 25 people are talking about this Twitter Ads info and privacy That figure, if true, is higher than Brent crude (38.06°) and West Texas Intermediate (39.6°) and makes the oil a light crude. Light crude tends to receive a higher price than heavy crude oil on commodity markets because it produces a higher percentage of gasoline and diesel when converted by a refinery. READ: Latest flow test programme kicks off at Horse Hill Lenigas also added that both the Kimmeridge and Portland zones have flowed only oil and not water so far. UKOG shares were up 22.5% to 2.6p on Monday afternoon. Alba Minerals PLC (LON:ALBA) and Solo Oil PLC (LON:SOLO), which also have stakes in Horse Hill, saw their share prices climb 15.6% and 5.8% to 0.37p and 2.75p, respectively. www.proactiveinvestors.co.uk/companies/news/199970/lenigas-tweets-update-from-horse-hill-sends-ukog-share-price-soaring-199970.html
30/6/2018
18:54
atino: Good evening “wretched board” 😜 Hmm 🤔...could the tides possibly be changing...with this share yet 💭💭💭 [Quote] “Why the UKOG share price could be about to soar” 🙇 I’m a cautious investor looking for top dividends these days. But I’m still often drawn to the kind of small-cap growth stories that used to excite a younger me. UK Oil & Gas Investments (LSE: UKOG) is one such company and its fascinating recent history has sent its shares bouncing up and down enough to caused missed heartbeats among shareholders. If you’d have bought in early 2017, you could have seen your shares rocket from less than a penny apiece to as high as 11p, as prospects for the joint Horse Hill operation near Gatwick had the markets excited. But with hindsight, you’d have been canny to sell out back then, as the share price has crashed to today’s 1.6p levels. The main problem is that flow testing has been disappointing, showing decent flow rates but only for relatively short periods at a time. Cash is critical And, as my colleague G A Chester has pointed out, UKOG is in a precarious cash-burn position. That’s led to significant new funding being needed, which has had a big dilutive effect on existing investors’ holdings. In fact, as recently as 15 June, the company announced the completion of a new share placing which raised gross proceeds of £5.5m. The issue was oversubscribed, but it was at a 12% discount to the market price. Since that offer was initially made, however, UKOG gained approval from the UK Oil and Gas Authority to commence a 150-day extended flow test at its Horse Hill-1 prospect, subjecting two Kimmeridge Limestone targets to three separate long-term flow tests. Should the testing demonstrate the commercial viability of the discovery, first production could be as early as 2019, with a follow-up Horse Hill-2 appraisal well to come. On the back of an updated Competent Persons report on the total recoverable oil at the firm’s jointly-owned assets under the Weald Basin, could this finally be the turning point? Highlights include 21m barrels of Net P50 Recoverable Resources, with 13.2m barrels Net P50 discovered Contingent Resources and 7.7m barrels Net P50 Prospective Resources. The balance Fellow Fool Rupert Hargreaves has explained the balance between UKOG’s oil prospects and the problems of having enough cash to see the company through to production and to positive cash flows. That is the crux, and I see the latest fundraising as having taken a positive step towards that payback date — albeit at the cost of more dilution. Hopefully, UKOG will have the cash now to see it into 2019, by which time we should hopefully have a firmer idea of a likely production schedule. But that does, of course, depend on the results of the upcoming flow tests. If the oil really does appear to want to flow, I can see the share price taking off in anticipation of future profits. And it will surely be funded, somehow, if the hardest times and the riskiest phase have passed. But what about me? Will I be buying any shares? Like Rupert, I would certainly not write off UKOG as an investment and I reckon shareholders have a pretty good chance now. But I won’t be buying, purely because the risk/confidence balance is not good enough for the cautious investor that I am now https://www.fool.co.uk/investing/2018/06/28/why-the-ukog-share-price-could-be-about-to-soar/
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