Member Info for ocelot

... The Lidsey wells have produced small volumes of crude intermittently in the past, but are currently shut in since there are no commercial options for water disposal available.

The company is evaluating options to bring the field back into production in early 2025. (from the website, Operations/Wealden Oil Fields)

Silverspoon2009 and Tadtech are signalling a very bullish technical opinion from Barchart.

Https://www.bbc.co.uk/news/articles/ce3l9jdy2q1o

Was a year of strengthening of the balance sheet and a year without any placing.

Totting up the quarterly revenue figures for the calendar (not the financial) year gives a total of £21.02m.

Reminder that the options issued to staff on 19/01/24 are exercisable at 0.67p.

Https://planning.surreycc.gov.uk/Planning/Display/SCC_Ref_2024-0135

February is currently 125.25p

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

Very positive meetings held by our Chairman at Future Minerals Forum in Riyadh last week. Serious potential in the Middle East for the financing of GreenRoc's graphite anode plant as an alternative to Europe and the US.

Very positive meetings held by our Chairman at Future Minerals Forum in Riyadh last week. Serious potential in the Middle East for the financing of GreenRoc's graphite anode plant as an alternative to Europe and the US.

Note that Dr Jessica Salder is Surrey CC's principal environmental assessment officer, Surrey CC being the council involved in the Supreme court judgment about Scope 3 emissions.

Dr Salder supported Egdon’s conclusion that the emissions from burning 15-years of oil production from Biscathorpe would not be significant for the climate.

She wrote:

“The climate impact of the downstream emissions arising from the crude oil that would be extracted as a result of the development [at Biscathorpe] can be classed as non-significant ..."

https://drillordrop.com/2025/01/18/council-worked-for-oil-company-on-biscathorpe-production-bid/

There were several gold mines here, most notably at Gwynfynydd and Clogau. They’re both closed at the moment, while clever mineralogists figure out how to extract the gold profitably, but the lovely Clogau Trail explores the old mine workings.

https://www.visitwales.com/things-do/attractions/underground-mining-attractions/welsh-precious-metal-mines#:~:text=Clogau%20Gold%20Mine%2C%20Eryri%20(Snowdonia)&text=There%20were%20several%20gold%20mines,explores%20the%20old%20mine%20workings.

Dr Salder supported Egdon’s conclusion that the emissions from burning 15-years of oil production from Biscathorpe would not be significant for the climate.

She wrote:

“The climate impact of the downstream emissions arising from the crude oil that would be extracted as a result of the development [at Biscathorpe] can be classed as non-significant.

“I hope you find the review set out in this letter helpful”.

Https://drillordrop.com/2025/01/18/council-worked-for-oil-company-on-biscathorpe-production-bid/

Interesting article in The Times on page 16 which concludes by saying the government is "pushing through plans for longer-term storage".

"British electricity is very expensive. In the US in 2023 a kilowatt hour of industrial electricity cost about 6.5p. In Sweden, according to recent UK governmental comparisons, it was 8p. France was 18p. Here, it was almost 26p ..."

Highlights the idiosyncrasies of the British system with, inter alia, wholesale electricity prices dependent upon fossil fuel for 98%, as in Poland (100% in Estonia and the Netherlands; Germany: 72%; France: 7%).

The gold is there. In my opinion, therefore, it is a matter of when, not if, Alba locate it in good quantity.

The market appears to be so reluctant to allow for this likelihood that it is creating the conditions for a gold rush ... in Alba shares!

And I think they have modified "Welcome to UKOG" since I last looked at their site. Assets no longer mention Turkey.

https://www.ukogplc.com/index.php

What is true is that the market seems to agree with you, JSP123:

Adjusting for Alba's 34.34% stake in GROC, the rest of Alba is currently valued by the market at £1.49m or 670 ounces at the current spot price of £2,223.40, ie not making any allowance for any Clogau premium.

With all of their preliminary drilling, they have done what they could to reduce the risks and raise the potential of rewards.

Wait and see, wish them every success.

"We are not going to get gold "NOW." so you and the market will need to be patient".

Surely, JSP123, we could get gold NOW, they are blasting in a zone where all indicates they should be blasting.

I remain confident that Angus is delivering the goods and with current prices being so favourable it is one of few plays that enable investors to directly participate in the vital sales of gas and liquids into the ever more demanding domestic UK market. With modest amounts of oil from the Brockham field Angus is set fair for a good year ahead.