By Peter Brailey | Monday 29 June 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Having spent, and continuing to spend, shedloads of shareholders cash at Horse Hill and Broadford Bridge for not a lot of commercial return so far, UK Oil and Gas (UKOG) attempted today to extend the rampy reasons to raise yet more cash via the proposed Loxley drill. Consent has been refused by the Planning Authority, and for good reason I think this should be good news for shareholders, unless of course the company chooses to throw shareholders cash at an appeal to keep the rainbow in place.
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