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I haven’t suggested fracking would lower prices, rather higher prices opens the door to swaying public opinion re its use.

Most people are not bothered, and most people will be significantly less bothered as they increasingly feel the real cost of inflation and high energy prices in their pocket.

…now throw in an energy crisis ala 1970’s and all bets are off imo.

https://www.nationalworld.com/news/uk/what-is-fracking-meaning-how-work-uk-advantages-disadvantages-explained-3688559

I know crazy idea… pre Brexit who would have thought it was possible eh?

Let’s not forget the gov is now interested in fracking too

sitting patiently and looking forwards to the near and medium term prospects here.

Does seem to be a headwind of positive sentiment developing here, which is nice to see:)

Well said Ocelot. Things should start to improve for Ukog now, exciting times:)

Agreed, and the countdown has began.

Agreed, plenty of near term catalysts for a price rise here. My view is we have seen the bottom.

For clarity…

‘Another error that investors / traders make is spotting the bottom, and then not taking a position:) particularly when they can see price rise catalysts are going to come into near play over the near term.’

I guess that makes more sense?

Apols *spotting the bottom:)

It’s a typo, fat fingers on a phone , it was meant to say spotting the bottom:)

To put it a different way, from Ukog’s perspective, it matters not how green it i s or not, so long government on the basis of energy security deems it green.

Another error that investors / traders make is spitting the bottom, and then not taking a position:) particularly when they can see price rise catalysts are going to come into near play over the near term.

Gas is green energy.

Talking of the more favourable political background…

https://www.telegraph.co.uk/business/2022/05/13/natural-gas-classed-green-investment-boost-north-sea/

Here are is a reason;

… from the relevant RNS’s

"UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that a report from Xodus Group details that the area of the Loxley Portland gas discovery lying within its 100% owned and operated PEDL234 licence, is interpreted to contain a significant mean case gross gas initially in place ("GIIP" i.e. gas in the ground before any future production) of 49 billion cubic feet ("bcf"). The portion of GIIP estimated to be recoverable to surface via any future production, the mean gross recoverable resource, is cited as 34 bcf, representing an estimated recovery factor of approximately 70%.

Reported high case net PEDL234 GIIP and estimated high case recoverable resources are 76 bcf and 54 bcf, respectively.

As shown in Tables 1 and 2 below, approximately 78% of the overall Loxley gas accumulation's gross mean GIIP and recoverable gas resource of 63 bcf and 44 bcf respectively, are interpreted to lie within the Company's PEDL234 acreage."

"UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that with respect to the Company's appeal against Surrey County Council's refusal of planning consent for its Loxley conventional gas and hydrogen feedstock project, the Planning Inspectorate has now confirmed that the inspector has submitted his report to the Secretary of State ("SoS") to assist in his determination. The Planning Inspectorate has also advised that they expect the SoS to issue his decision on or before 7 June 2022."

Thought this post from Ocelot on why now may be a good time to invest in Ukog deserved its own thread;
•
1/ the macro background is favourable with encouraging oil and natural gas prices;
2/ the political background appears to be more favourable, energy security having moved up the list of governmental priorities;
3/ the Loxley appeal decision is due on or before 07/06, ie. in about 3 weeks' time at the latest;
4/ the partners may soon come to a decision as to how best to proceed with the next drilling operation on the Basur-Resan licence;
5/ after a protracted delay, the forward path for HH is becoming clearer;
6/ a share price which is close to its all-time low and very far from its all-time high; ...’

If you are positive on Ukog can you add an additional reasons?

Agreed re diminishing opposition to fracking, population being forced to grow up due to Ukraine crisis.