Member Info for ocelot

22/02: end of the one-year grace period re the repayment of the £20m debt facility

by 22/02, we should learn more about their gas storage plans under the MOU with Trafigura

if all goes according to plan, the booster compressor should be up and running by the deadline for the annual figures, 31/03 (last year: 19/03)

at any time, Surrey CC's decision re Brockham

at some stage, the Appeal court's judgment re Balcombe

... we set out to raise a minimum of £500,000 and achieved a near 50% oversubscription, which is A STRONG ENDORSEMENT OF THE HUGE POTENTIAL UPSIDE associated with GreenRoc." (my capitals)

Agreed, it isn't news.

What it does is to remove the uncertainty of the wait for the delivery of the booster compressor on site so that the remaining wait relates solely to the completion of its installation and its start-up.

Https://drillordrop.com/2025/02/02/uk-onshore-oil-and-gas-production-in-figures-and-charts-november-2024/

Increases issued share capital by 29%. Will any of the institutional investors be declaring TR-1s? These are definitely the kind of investors GROC wants to attract, management has done well to achieve a placing over-subscribed by such investors.

Alba invests £50k.

https://www.londonstockexchange.com/news-article/GROC/placing-and-subscription-to-raise-ps735-000/16880489

Angus Energy (AIM: ANGS) is pleased to announce that the booster compressor for the Saltfleetby Field gas processing facility in Lincolnshire has been safely delivered. The unit was manufactured in the USA and shipped to the UK, arriving on site last week. It has been safely positioned on its concrete plinth and the work to complete the installation process is now underway. Commissioning and start-up of the new compressor is still expected to occur before the end of the first quarter 2025.

The booster compressor supplements the existing two compressors at Saltfleetby which operate to assist in the separation of liquid hydrocarbons from the gas stream and to pressure the field's sales gas for entry into the National Grid. The new compressor will maintain inlet pressures into these two compressors as reservoir and well head pressure declines with depletion, increasing production levels in the short term and field recovery over the life of the field.

Angus will notify Investors when the Compressor is fully commissioned at Saltfleetby.

Https://www.londonstockexchange.com/news-article/GROC/placing-and-subscription-to-raise-ps735-000/16880489

"I would like to thank the investors supporting this raise - in what remain challenging capital markets, we set out to raise a minimum of £500,000 and achieved a near 50% oversubscription, which is a strong endorsement of the huge potential upside associated with GreenRoc."

£500k of £735k from institutional investors.

London cash prices are trailing NY futures prices by a gap sufficiently wide that banks are arbitraging: Bloomberg reports JP Morgan will deliver more than $4bn of gold in NY, about half of bank deliveries planned for 3rd February.

Until the Supreme court judgment, nobody knew what the law was. In SCC's case, it meant that from 2019 until 2024 they were, effectively, flying blind because their navigation systems were only giving them partial information.

It is very difficult to respect the law if nobody can understand it.

Think the government's hand may be forced, ZYX098.

As Frank Sinatra almost sang:

Wind-generated power and hydrogen storage

Go together like a horse and carriage

This I tell you, brother

You can't have one without the other

New front month, March, up 4.2% at 131.64p

https://www.ice.com/products/910/UK-NBP-Natural-Gas-Futures/data?marketId=5733941

Above $2,800 at $2,805.33

GBP above £2,250 at £2,257.16

Q&A on the hub:

09:01AM 09/01/2025

Do you have a date for auction yet for the commemorative Gold coins and how are you getting the news out to the wider public

12:30PM 24/01/2025

... Thanks for your question. We don't have a date yet but will announce it via all usual social media channels (LinkedIn, X, Facebook etc) and via a Stock Exchange announcement as soon as we do. And of course via an email update to our subscribers on Investor Hub. So hopefully you won't be able to miss it!

New all-time high

Given the forecast financial constraint costs associated with wind-generated power (in this Sunday's "Sunday roast" interview EPP's Ben Clube reckoned the annual cost is currently running at £2bn and will rise to £10bn over the next few years), it is in the government's financial interest to unleash hydrogen storage too.

Https://www.gov.uk/government/news/government-unleashes-offshore-wind-revolution

Thanks to tomhuk2000 on he EPP board.

Looking at the 1-year chart the front month was 94.74p on 31/01/24, so that is a rise of 38.5% over the last year.

Yes, 131.23p on February:

https://www.ice.com/products/910/UK-NBP-Natural-Gas-Futures/data?marketId=5733939