UK 02:32 Tuesday, 6 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
With a short career working for a charity then as a teacher before becoming a career politician, Energy minister Michael Shanks has, like the rest of them at Halitosis Hall, zero real world experience to bring to the job. He probably does not realise how he has been played by Lyin' Steve Sanderson of UK Oil & Gas (UKOG).
Last week shares in UK Oil & Gas (UKOG) almost quadrupled to 0.046p on the back of a spooftastic RNS about a very vague MOU involving hot air ( energy storage). Natch the company did an immediate placing at 0.3p raising £3 million. Then, with the shares rattling back to 0.035p it announced that it had raised another half a Bernie at 0.03p. Finally, with the shares at 0.033p, it raised another Bernie at 0.03p. Now here is the mystery with the shares now back at 0.025p
David Lenigas is clearly in the deep merde as a result of the Pennpetro (PPP) scandal and if I were him I’d be keeping my head down. But over on X he is discussing the company he brought to market, once ran and where he appointed the current boss Lyin’ Steve Sanderson, viz UK Oil & Gas (UKOG)
Once upon a time in the shameful days of Horse Hill which was bigger than Saudi Arabia according to David Lenigas, shares in UK Oil & Gas (UKOG) were more than 10p. Today they have rocketed by 321% to…..0.043p! Every dog has its day. But before folks rush to fill their boots on the back of a hopium packed RNS today, beware that rapacious brokers at Zeus and CMC are already forward booking in the commission funded Ukrainian young ladies: a discounted placing is a nailed down cert.
The release is headlined “UK Oil & Gas PLC Successful Funding for South Dorset H2 Storage.” If you believe that I have a bridge to sell you. At two levels UK Oil & Gas (UKOG), run by Lyin’ Steve Sanderson is deceiving you.
With its shares at 0.0215p, down from a peak 11p, with its Turkish drill programme a disaster not a delight and Horse Hill shut down by purple haired eco zealots, running on vapours UK Oil & Gas (*UKOG) is now pumping the idea of it saving the planet with hydrogen storage schemes, notable in Dorset. Today it published a study but there seems one minor glitch in this cunning plan.
Another day and it's another placing from Lyin’ Steve Sanderson at UK Oil & Gas (UKOG). As ever there is always a good reason. And as ever it is a hugely discounted bucket shop offering. Already the shares have slumped back to below 0.025p, the price at which £500,000 has been raised. There is a retail offer at the same price. Financial masochists know where to apply.
Watching Channel 4 news is something I do now and again as a bit of self torture. Guest after guest lines up to accuse Donald Trump of being Hitler, to nominate Hamas for the Nobel peace price and chancellor Rachel Thieves for the Nobel prize for economics. There is no balance whatsoever and presenter Krishnan is still the same ghastly smug turd that he was back at Hertford College Oxford thirty five years ago. Last night I watched and there was a long report on UK Oil & Gas.
UK Oil & Gas (UKOG) shares were pumped to 0.12p in late July on the basis of spurious claims about the company’s plans to get into Hydrogen. Yes: some folks actually went into the market and paid that much. Many more were paying 0.1p plus.
