Member Info for ocelot

P2R

LSE's market cap calculation is wrong by about £1.1m, it is not based on the correct number of shares issued (c36.5bn from memory).

CK Hutchison is quoted in HK.

As of early 2024, Li Ka-shing's net worth is estimated at approximately US$37.3 billion, making him the richest person in Hong Kong. His wealth is derived from his extensive business empire, notably through CK Hutchison Holdings and CK Asset Holdings, which have global investments in property, ports, and telecommunications.

Aka "Superman".

An additional 8 days - could the documentation re the restructuring be completed in that time?

Welcome to UKOG

UKOG is a pioneering energy developer with a bold vision to deliver nationally significant salt cavern hydrogen storage projects in South Dorset and East Yorkshire. We’re set to be in the vanguard of this vital sector, projected by National Grid and The Royal Society to grow substantively from nearly zero today to 50-100 TWh demand by 2050 ... (home page of company's site)

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that DEEP.KBB GmbH, one of Europe's leading salt cavern design and underground energy storage engineering groups, has completed preliminary project design ("Design") for the Company's proposed new underground hydrogen storage facility located west of Weymouth in Dorset ("South Dorset" or "Site"). The Design, prepared for the Company's wholly owned UK Energy Storage subsidiary ("UKEn"), confirms the suitability of the Site for a material scale hydrogen storage project, comprising 24 salt caverns at a depth of ~1330 m below surface. The project is fully in keeping with the Government's Clean Power 2030 ambitions. (RNS of 27/01/25)

"... UKEn's South Dorset salt-cavern storage (being, to date, the sole planned national scale salt-cavern hydrogen storage node in southern England) ..."

For any major player, public or private, it isn't easy to ignore the South of England.

Some of the points made in the article also feature in Bloomberg's "Evening Briefing".

Take it up with Priscila Azevedo Rocha of Bloomberg.

36.5bn shares at 0.0125p = £4.6m

Having exited all but Horse Hill of its legacy oil assets, it means that a potential investor in UKEn takes little risk in investing directly into UKOG.

By Priscila Azevedo Rocha

March 25, 2026 at 10:35 AM GMT

Take it up with Priscila Azevedo Rocha of Bloomberg.

Bloomberg article of 10:35 GMT today.

Dutch storage facilities are only about 6% full, Germany's about 22%, much lower than usual.

The competition with Asia for LNG cargoes this Summer is likely to be intense.

The proceeds from the (£800k) Placing are intended to be used to continue the Company's activities across its projects, including

some or all of the following value-enhancing work activities:

1/ Clogau Gold Mine (Wales)

- Complete drilling and blasting of ca. 20m bulk sampling programme at priority Llechfraith target.

- Complete processing of ca. 300 tonnes of ore from that programme.

- Upgrade process plant to handle greater production rates.

- Continue to develop and market new Welsh gold products.

2/ Motzfeldt Critical Metals Project (south Greenland)

- Updated Mineral Resource / Scoping Study work.

- Continuation of metallurgical processing programme.

- Preparations for summer field programme to advance Merino prospect (e.g. hyperspectral survey), planning for Phase 2

drilling programme at Aries deposit ... (RNS of 02/03)

1/ blasting programme underway at Level 5;

2/ GROC;

3/ very well-timed acquisition of Motzfeldt.

LITTLETON, Colorado, March 24 (Reuters) - At first glance, the Iran war appears to be hitting oil and gas with equal force, as missiles, drone strikes and shipping disruptions choke flows through the Strait of Hormuz.

But beneath that surface symmetry lies a critical imbalance. The global gas supply chain has fewer rerouting options and less storage capacity than the oil market - making the fallout for ​gas consumers considerably more acute ...

If not you, KitKatChunky, he may have heard, according to the BBC's Frank Gardner, some of the US's Gulf allies.

The Centrica boss (Chris O'Shea) also suggested that the government should allow further oil and gas exploration in the North Sea as a way to alleviate potential energy price rises, alongside INCREASING GAS AND BATTERY STORAGE, as well as renewable generation.

"Nothing in and of itself will fix this but these activities will bring prices down. They won't isolate the UK - we're part of a global system - but they will bring prices down."

https://www.bbc.co.uk/news/articles/c77mx575k4vo

But when the past offers a supply of negative arguments, that is where those who wish to be negative live.

"Iran War Premium Pushes Some Oil Products to Over $200 a Barrel"

Article on Bloomberg, suggests there is a disconnect between futures prices and real costs to consumers, which can be very considerably higher.

"But the reality is NOT 11m is it, we KNOW they had £37.1 MILLION over the 24 months prior to suspension, and they had nada in the pot at suspension.

We KNOW they paid nothing at all off debt to anyone, and we KNOW they used some of the remaining loan to cover the Capex for the Booster etc.

Therefore the REAL Opex is around £1.5MILLION per month, otherwise they would have had plenty in the pot prior to suspension, and that is FACT" (Bubblepoint's post of yesterday at 16:40)

If we take my 18-month figure for payment of deferred consideration and acquisition of oil and gas production assets of £8.509m and multiply by 4/3 we arrive at a 2-year figure of £11.3m.

£37.1m - 11.3m = £25.8m which suggests OPEX of about £1.075m per month..

The European Union’s energy chief has told member states to start filling gas storage early in order to avoid competition for supplies that could cause a spike in prices over the summer, as the bloc seeks to mitigate the fallout from the Iran war ...

Article on Bloomberg also published by Reddit.

2/3rds page article in the Times on page 51 by Dominic O'Connell: "Gas storage gap will continue to leave us exposed to global shocks".

Urges government to back Centrica's Rough project.

"The obvious way ahead is a deal with Centrica to breathe life back into Rough. Centrica has a £2bn plan to refurbish it. But it won't proceed without some kind of underwriting from the state. It shouldn't be too hard to work out a deal that either gives the company a guaranteed return, rather in the way the new nuclear power station at Sizewell is being financed, or a pricing deal to take out the worst losses, and cap the biggest profits ..."

A deal with Centrica for Rough would help to clarify financial costs/benefits for the long-term storage sector as a whole.