Member Info for ocelot

Https://www.londonstockexchange.com/news-article/UKOG/uk-economic-impact-of-dorset-h2-storage/16942740

Counter a positive post and you get bonus points.

Accumulate enough bonus points and you can get a discount when you next shop in your local supermarket.

Historic ore indicated as 65 tonnes in the RNS of 11/12/24:

"The volume of ore found in situ at Levels 4 and 5 from historic mining operations continues to exceed what was anticipated, with in total some 65 tonnes having to be cleared out (a significant increase on the 25 tonnes reported at the time of the last operational update RNS on 29 October 2024)".

Their blasting programme is for about 300 tonnes, unless I'm mistaken.

Total: 65 historic + 300 current = 365 tonnes.

Alba's planned ongoing work programme can be summarised as follows:

· Firstly, complete the processing of the current surface stockpiles comprising the balance of the Waste Tip trenching material and No.5 Level blasted and historical material, totalling around 145 tonnes.

· Secondly, given the success of the Waste Pit sampling programme to date, where bulk grades of up to 3 g/t gold were defined, complete the Waste Pit trenching programme.

· Thirdly, resume the underground development programme on No.5 Level to complete the planned 1-2 incline raises.

"To be fair we have only just started sampling - ... Still too early to call here ..."

Agreed, Robbie.

From the 11/12/24 RNS we know that "Rocks with large amounts of visible sulphide mineralisation have been encountered (Figures 1 & 2). The high level of sulphide mineralisation within the projected payshoot is considered to be a good indication of associated gold mineralisation. Visible gold has also been identified within the blasted ore (Figure 5) ..."

From Thursday, 13/03's RNS we know that "... the Level 5 blasting programme has not yet reached the proposed first incline raise (see Figure 1). Therefore, the blasted material to date does not represent the projected high-grade zone. The incline raises are designed to intersect the projected payshoot, thereby maximising the prospects of recovering economic grades and quantities of gold".

The PM's answer has impacted UKOG's risk/reward ratio, hasn't it? reducing the risk, highlighting the potential reward.

Are your "floor sweepings", Robbie, the historic blasted ore? This had to cleared before they could undertake their own blasting campaign.

If he can then, very obviously, UKOG's share price will not remain long at its present level.

SS appears to have caught the attention of the government to a highly significant degree.

Can he now achieve the same with the private sector and positively conclude discussions with "several energy infrastructure investors regarding joint venture participation in the Company's South Dorset and Yorkshire projects"? (RNS of 21/02)

To become a storage hub".

Listen to the video and the PM does put the accent on the word "huge".

UK natural gas futures rose above 105 pence per therm, moving further away from the five-month low of 93.8 pence touched on March 6, as colder weather increases heating demand and markets watch for progress on a potential Ukraine-Russia ceasefire. Forecasts show temperatures staying below normal across Europe, with colder weather expected from March 18-21, driving further demand. Meanwhile, Russia is reviewing a US proposal for a 30-day ceasefire, though it has presented a list of demands to end the conflict and reset relations. Europe faces additional risks from rising Asian demand, which could intensify competition for LNG cargoes. EU gas storage is 26.23% full, with a target to reach 90% by November 1. The UK, with limited storage and reliance on European imports, remains vulnerable to supply disruptions.

https://tradingeconomics.com/commodity/uk-natural-gas

Aim of producing up to 2,000 ounces per month:

https://www.thenational.scot/news/25000080.scotlands-gold-mine-purchased-south-african-company/

No news yet but it does look as if the timing will be impeccable, with spot gold close to the $3,000 mark ($2,990.90). Macquarie is now forecasting $3,500 in Q3.

Posted on UKOG's home page:

https://www.youtube.com/watch?v=q1WBD4Tnf5M

The PM's statement may help UKOG in its discussions with "several energy infrastructure investors regarding joint venture participation in the Company's South Dorset and Yorkshire projects" (RNS of 21/02).

Thanks for your question. Drive East was blasted in order to provide additional space on Level 5 for the front loader to operate and turn. However Drive East was also in vein so it was also considered a useful blasting exercise from an exploration point of view.

Hope that answers your question.

Figure 1 of the RNS states that blasting has been taking place at the Drive East.

Think this is the first time the Drive East has been mentioned. It appears to be near the outer limit of the projected payshoot. Intriguing.

PM recognises our South Dorset project in Parliament saying: "We are committing £2.3bn to support hydrogen projects, and I recognise the huge potential of South Dorset to become home to a storage hub".

Well done, SS and the team!

Https://www.thecrownestate.co.uk/news/New-powers-granted-to-modernise-The-Crown-Estate-for-benefit-of-the-UK

Can we extrapolate the results of these TESTS (NOT results) to the remaining surface stockpiles? No we can't.