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UKOG

UK Oil & Gas: another placing amid a catalogue of lies

To me UK Oil & Gas (UKOG) doing a discounted placing to keep the lights on is like bears shitting in the woods, the Pope being a Catholic or Jeremy Corbyn praising his friends at Hamas. It is just what happens and so a raise of £750,000 at just 0.2p today should cause no surprises. But then again it is worth winding back a year to see the weasel worlds of both Lyin’ Steve Sanderson and the national treasure and lovable old rogue - who I hope is still off the fags - that is Mr David Lenigas.

By Tom Winnifrith, the Sheriff of AIM | Published 2024-01-12 10:10:49 |

UK Oil & Gas (#UKOG) – placing for just £0.75m at 0.02p per share, a 20% discount

2024-01-12 07:59:00

UK Oil & Gas (#UKOG) – North Sea Transition Authority grants one-year extension to work programme including Horse Hill field

2023-12-12 07:58:53

Lyin’ Steve Sanderson at UKOG must think his shareholders are really dumb. You know what: he’s right!

Last week Lyin’ Steve was arguing that Horse Hill Developments, the operator of the Gatwick Gusher was so profitable and pregnant with cash that it was able to repay a stack of borrowings to UK Oil & Gas (UKOG). This week we see just what a joke that all is. Today we have news on the deal with Pennpetro (PPP) run by Dave Lenigas the founder of UK Oil & Gas.

By Tom Winnifrith, the Sheriff of AIM | Published 2023-12-11 11:12:48 |

UK Oil & Gas (#UKOG) – extension of “conditional binding Horse Hill farm-in term sheet” to 30th June

2023-12-11 07:59:59

UK Oil & Gas robs the gas meter to pay the electricity meter

Some folks seem to think that UK Oil & Gas (UKOG) received a cash windfall today of £675,000. I am sure that is what CEO Lyin’ Steve Sanderson wants them to think but au contraire.

By Tom Winnifrith, the Sheriff of AIM | Published 2023-12-08 15:39:24 |

UK Oil & Gas (#UKOG) – gets approx. £0.675m “partial repayment of certain historic shareholder loans”

2023-12-08 07:55:18

UK Oil & Gas: what a Turkey – SMTM!

However Lyin' Steve Sanderson, the grossly overpaid chairman and CEO of UK Oil & Gas (UKOG) tries to spin it, today’s news from its piss poor Turkish operations screams out “when’s the next bailout placing suckers?” At least owners of this stock are used to it. Thanks to the issue of gazillions of shares over the years guess what the losses are for those buying at the top in 2015?

By Tom Winnifrith, the Sheriff of AIM | Published 2023-09-22 09:20:15 |

David Lenigas knows where to send the Metaxa – UK Oil & Gas forced into death spiral, I was right and he was wrong!

You may remember an aggressive debate in April between a fat Aussie penny share promoter ( D. Lenigas Esq) and someone who trained as an oil equities analyst (me) as to the financial health of UK Oil & Gas (UKOG) of Horse Hill infamy. I insisted it needed a raise, Big Dave said that I did not know what I was talking about. Well guess what, guess who was right and who was wrong and should be sending a case of Metaxa to the Sheriff?

By Tom Winnifrith, the Sheriff of AIM | Published 2023-06-28 07:47:08 |

UK Oil & Gas (#UKOG) – has to resort to £3m equity “funding facility” from RiverFort and YA II

2023-06-28 06:43:45

UK Oil & Gas (#UKOG) – Supreme Court hearing today on Horse Hill legal action

2023-06-21 06:53:43

EXPOSE: The disgraceful chatroom antics of David Lenigas regarding UK Oil & Gas and Pennpetro

Advisers to both companies must be tearing their hairs out IF they are aware of the antics of penny share hustler David Lenigas in a private Telegram chat group on UK Oil & Gas (UKOG). Well, as of the publication of this article, they cannot claim NOT to be aware. Big Dave created the cash guzzling monster that is UK Oil and has now seized control of Standard Listed Pennpetro (PPP), immediately signing farm in deals with his old gopher Lyin' Steve Sanderson of UK Oil & Gas regarding Horse Hill. How cosy.

By Tom Winnifrith | Published 2023-04-27 07:00:51 |

UK Oil & Gas – No delight in Turkey, bad news from the drill bit

It seems like just yesterday when that penny share grifter David Lenigas was berating me on twitter for my lack of faith in UK Oil & Gas (UKOG). Oh yes, it was yesterday! Today we have bad news. For UK Oil & Gas, Turkey is bringing no delight.

By Tom Winnifrith, the Sheriff of AIM | Published 2023-04-25 12:01:30 |

What is UK Oil & Gas hiding in its after hours results release? Why does it deceive investors again?

Over the past couple of weeks there has been a debate about the financial health of UK Oil & Gas (UKOG) between a fat Aussie penny share grifter and a man who did actually train as an oil equities analyst with the City’s top rated team across all sectors. At 4.45 PM on Friday after everyone had buggered off to the boozer, UK finally snuck out its annual results for the year to 30 September. Guess what it was hiding?

By Tom Winnifrith, the Sheriff of AIM | Published 2023-04-01 08:19:28 |

UK Oil & Gas farms out Horse Hill – a sign of the cash crisis David Lenigas pretends does not exist

Just a couple of weeks ago shamed Aussie penny share promoter David Lenigas was suggesting on twitter that I could not do my sums and there was no cash issue at UK Oil & Gas (UKOG), one of his babies now 96% down over 5 years at 0.06p. Today comes news which should see the old rogue sending me a case of Metaxa by way of an apology. Not a placing but a massively dilutive farm-out of Horse Hill.

By Tom Winnifrith | Published 2023-03-28 12:22:39 |

How do you know that UK Oil & Gas is about to do yet another bailout placing?

Well for starters, look at the last interims, do the maths on historic cashburn, commitments and year end cash and you know that UK Oil & Gas (UKOG) will run out of other folk’s moolah very soon. But there are other hints for the non-maths experts out there.

By Tom Winnifrith | Published 2023-03-03 14:40:54 |

UK Oil & Gas (#UKOG) – High Court upholds Loxley planning consent, though company adds further challenges are to be expected

2022-10-14 07:55:36

UK Oil & Gas (#UKOG) – completes ‘Phase 2 seismic’ on Resan licence, Turkey. Ramptastic!

2022-09-16 07:45:06

UK Oil & Gas (#UKOG) – £3m placing at just 0.0875p per share, CFO change as Matt Gormley is leaving for a new position

2022-09-12 07:59:59

After the pump – well, what do you expect from UK Oil & Gas?

Golden rules of AIM, Number 34: If there is a 'y' in the day, Lyin’ Steve Sanderson is either pumping or dumping. On 20 July, just three weeks after the last ramptastic update from UK Oil & Gas (UKOG), came a full operational update.

By Tom Winnifrith, the Sheriff of AIM | Published 2022-07-27 15:10:05 |

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Recent Comments

Fagash5 Oct 2026

To do otherwise breaches the trust system of money. Only believing money received in the future has value, supports the idea of debt and credit. Without debt ( and return on that debt) , capitalism fails. Ability to print money on demand eliminates debt rational ( return) so collapses capitalism by default.

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DAVID FRASER5 Oct 2026

Others have attested that you only need to issue debt (government bonds) if you are running s as current account deficit. You issue the bonds to pay for your expenses EducationHealthBenefitsRoadsDefenceGovernment staff and buildings PoliceFireCoastguards I’m sure there are others. Quangos etc…If you just print money whilst running a deficit you risk a lack of confidence in the currency. MMT has been shown to be a lot of nonsense because the longer you keep spending what you don’t have the higher your deficit climbs. You either have to grow the economy to reduce the debt or reduce what you are spending. Zimbabwe and other third world countries have shown this. You can end up with hyper inflation which does nobody any good and further causes a sovereign monetary and debt crisis. Reduced public spending and/or increased taxes are the only alternatives….Or are they. The Laffer Curve suggests that the lowering of direct taxes fosters higher productivity and in turn increases tax revenues. Just don’t give all the tax cuts to the billionaires or you’ll end up with Trump’s America - and nobody wants that!In conclusion if it was that easy some other bugger would have done it already. Yes… we’re all screwed 😩

Win a bottle of champagne from Lucian Miers MMT contest

Fagash5 Oct 2026

I concur. Meanwhile I took one out - not to replace lending, but to simply place on deposit. Cost me a bit initially but then provided a return as interest rates increased. Paid off the balance prior to company closure. Marginal gain, but it was free money ( to the company, but not the taxpayer). Joke system in all respects imv.

Tom Winnifrith Bearcast: a challenge for Bexley YC’s 57 year old chairman, the Quantum scandal and Amaroq for the FTSE 250 this week?

TOM5 Oct 2026

text changed, i keep making that error both Quantums are zeros, its becoming a mental block

Tom Winnifrith Bearcast: a challenge for Bexley YC’s 57 year old chairman, the Quantum scandal and Amaroq for the FTSE 250 this week?

EASYASOT35 Oct 2026

The company with the property auction is Quantum Blockchain Technologies (QBT), not Quantum Data (QDT), and not QFT.

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Sohail5 Oct 2026

The Covid Cash had to be doled out very quickly because the government decided to shut down the economy .Government bureaucracy is incapable of dealing with process in normal times so in a crisis situation the prospects of Hmrc handling anything efficiently would be zero.Hmrc have consistently shown an inability to operate efficiently.Political parties in opposition always talk about the huge savings they will make once they are in office.It will never happen…

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PHIL55665 Oct 2026

The police available to look at bounce loan fraud! They are only available in their hundreds to escort the invading army from France to their Hotels.Do not wear a mask or you will be arrested but the UK will provide potential masks for the Invading armies, Trulls in the form of Hijabs.

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Martyn H-O5 Oct 2026

When a FTSE 250 stock loses it's listing it is replaced within a very short period.

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