Member Info for ocelot

Thanks to Mirasol, we have all seen the daily production figures for Saltfleetby during the course of Q1 so the total production figure for the quarter should have come as a surprise to nobody.

Higher gas prices have partially helped to cushion the decline int terms of revenues.

Bubblepoint,

When you have read the RNS, would appreciate your comments, given the RNS speaks of the "effect of liquids, mainly condensate" which is precisely the issue you have often addressed.

Thank you.

+$59.15 at $3,289.87

Https://x.com/greenrocsm/status/1912087442133537142?s=12

Thank you to Bellers on the GROC board.

Congratulations, SB and the team.

From the TipRanks article note this line:

"Technical Sentiment Signal: Strong Buy"

Https://newsukraine.rbc.ua/news/trump-s-team-prepares-to-set-price-for-greenland-1744671141.html

Tweet

HEALTHIER HORNDEAN: New Competent Person’s Report shows that Horndean field’s remaining reserves have increased by up to 62% compared to last year, increasing asset value to UKOG. #oil #AIM #energy https://tinyurl.com/y2ymw6p8

9:07 am · 15 Apr 2025 · 239 Views

Whoops!

"The increase in reserves is a direct result of increased field performance via the combination of recent well workovers and the prior installation of new electric pumps in mid-2023 (see RNS of 28th June 2024)".

I'll amend my last post: reserves have increased by 62% but we don't know if the rate of extraction will change significantly if at all.

Hopefully, operating costs will decline as a proportion of higher revenue so net earnings will increase by more than 62%.

Net assets of £33.294m at 31/03/24.

A lot of those assets relate to HH so a key question for the auditors will be how to treat them in the books at 30/09/24.

"FromRNS: "[Horndean] remaining reserves have increased by up to 62% ... UKOG GB holds a 10% non-operated interest in Horndean."

So the total benefit to UKOG is capped at 6.2% maximum".

Very odd way of expressing it, UserSteve, a 62% increase is an increase of 62% and not of 6.2%

Re UKOG, the increase is in relation to its 10% share of Horndean. 10% of proven (1P) reserves of 1.5 million barrels is 0.150 mmbbl or 150,000 barrels.

Havens Grows"

Title of article on Bloomberg at present.

That is, the share price is so low because the market is currently only taking notice of the negative impact of cash raises and taking no notice of their positive implications for the future,

Robbie,

Imho, cash raises do not explain why the share price has fallen so low.

Cash raises increase the number of shares issued.

But, at the same time, in theory, each cash raise helps Alba to advance its programme and get closer to achieving its ambitions.

HK1965,

Agreed, Alba is very cheap and that is true of both its GROC and North Wales components.

For the present, it does need to continue to raise cash, although acceptance as strategic projects under the EU's CRMA should provide significant support to GROC as should the premiums commanded by Clogau gold to North Wales.

And, imho, its known need to raise cash does not explain why its share price has fallen so low.

Https://alba.irostrum.auction/auction/auction-of-clogau-st-davids-second-1oz-welsh-gold-coin-1003/1oz-welsh-gold-coin-from-clogau-st-davids-gold-mine-b110c

(the link is on Alba's last update on its hub)

4 bids

estimate: £22,500-£32,500

"JCB heir plots £6.5bn hydrogen revolution with British Gas".

Article at the top of the front page of the Sunday Times Business & Money section.

"The consortium, Project Hyspeed, wants to build one gigawatt of green hydrogen production capacity in the UK by 2030".

Jo Bamford, British Gas, Johnson Matthey, Arup, Heidelberg, Tarmac, National Gas involved in a heavyweight coalition which has submitted proposals to Ed Miliband.

Chris O'Shea, CEO of Centrica, British Gas's owner, said: "... The scale and ambition of this project has the potential to dramatically lower costs, making hydrogen roll-out affordable for the government and the private sector alike".

https://hyspeed.eco/