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
  0.00 0.0% 0.135 0.00 07:30:06
Bid Price Offer Price High Price Low Price Open Price
0.13 0.14
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
16:27:38 O 5,120,738 0.1311 GBX

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Date Time Title Posts
23/9/202107:39UKOG strikes oil 2016150,014
07/9/202111:34Grotto 4 - The Birth of the Franchise894
02/8/202117:46whats happening?104
02/8/202116:32I wonder why?817

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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 0.13p and a 12 week average price of 0.13p.
The 1 year high share price is 0.48p while the 1 year low share price is currently 0.11p.
There are currently 18,625,688,159 shares in issue and the average daily traded volume is 54,597,116 shares. The market capitalisation of Uk Oil & Gas Plc is £25,144,679.01.
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.
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.
cyan: Good morning JTdsbadly The LSE BB gets manipulated by some who try to have removed posts not to their liking; Before today this is the last post of mine that's still up, from Tuesday 27th; "RE: RNS is out re ope offer Tue 20:40 If only Sanderson has helped the share price by announcing something positive regarding the progress of the Turkish drill. He could have lifted the share price and raised far more money. Just a 'good progress' tweet may have helped. Logic now suggests that Sanderson could not 'help' the share price over 0.18p because he had nothing 'good' to report from Turkey. The silence from Turkey MAY indicate all is not entirely well. Sanderson is not known for sitting on 'good' news." Was I wrong?
cyan: Indeed , "Too many unknowns at the moment to contemplate what is going on." But; did it need to be this way? Its just so out of character for UKOG to remain silent when things are going ok. But, we do know from the BB experience, that , when things are not so good, UKOG goes all coy . So that's why I suspect there has been 'issues', probably technical, that may have necessitated a sidetrack, causing a delay in depth and casing information. I see no advantage for UKOG to sit on good news. The fact that UKOG could not even post a 'good progress' tweet during the open offer that may have helped get more take up, does tend to suggest 'issues' UKOG really did need that extra £4.7m. As I have demonstrated; UKOG needs a cash injection averaging ONE MILLION quid EVERY month to finance its ambitions. A hole in UKOG's finances will impact again in a few months. Remember; Loxley development will burn £7 million; IF it gets the go ahead.
cyan: "if Ukog/AME have hit oil at Basur-3" About time UKOG came up with some good news because past experience of what follows radio silence from UKOG has not been positive. The trouble with UKOG is clearly Sanderson. The man has grandiose dreams and appears at times to think he is managing a big global player and not a hugely loss making minnow. UKOG has a small but potentially profitable asset in HH Portland and Loxley looks interesting. Instead of gambling , rolling the dice' on the next "potentially transformational" big win; he should be using the cash UKOG has to exploit his Weald assets to the max. Its easy gambling with other peoples money when you haven't anything too lose yourself; that's why he never buys the shares. Basur has a smell of BB fiasco about it now. UKOG did the 'silent' act at BB before having to fess up. UKOG's silence is not a positive. Only one thing IS certain; UKOG will have to raise a lot more capital in a few months for all its adventures. If , as expected, UKOG wins the Loxely appeal , then there's a lot more cash required. UKOG's own QC on day one said; "The direct costs of the proposal are now about £7 million" Of course; one should say success there is not guaranteed.
bmcb5: "Life Changing" you say. I seem to recall you saying that before onetomany - 08 Sep 2017 - 08:35:51 - 32199 of 149453 (share price 8.4p) Panic not, September will be life changing for anyone holding significantly here. ------------------------------------------------------ onetomany - 31 Dec 2017 - 15:24:51 - 58277 of 149453 (share price 3.0p) Signing off for the New Year celebrations, fully energized reading these final paragraphs from the latest announcement. I think it’s as good as done that we are about to announce staggering results and I fully expect we will be trading north of 50p by the end of February. Life changing beyond belief.... As previously reported, BB-1 was purposely drilled in a location where no conventional hydrocarbon trapping mechanism within the Kimmeridge reservoir section is evident. Therefore, in the Company's opinion, the presence of moveable, light Kimmeridge oil and associated solution gas at BB-1z provides proof that the Kimmeridge at Broadford Bridge contains a significant continuous oil deposit of up to 1400 ft gross vertical thickness. The near identical Kimmeridge reservoir parameters and geology seen at BB-1 and 1z and the Horse Hill-1 Kimmeridge oil discovery, in which the Company holds a 32.435% interest, some 27 km to the northeast, demonstrates that the Kimmeridge oil accumulation is also laterally extensive across the Central Weald Basin and, consequently, a potentially significant national oil resource. UKOG, as the largest licence holder in the Kimmeridge oil accumulation's "sweet-spot" is well positioned to exploit this extensive oil resource. ------------------------------------------------------------------------------ onetomany - 12 Oct 2018 - 06:39:06 - 108505 of 149453 (share price 1.95p) Interesting numbers. Extrapolate that at a mean $85 pb and 6 wells on stream with 3 zones producing. Depending on your PE the valuations run from excellent to completely life changing. Personally I’m targeting 15p exit at some point in 2019 ---------------------------------------------------------------------
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