Member Info for ocelot

"... so it isn't so difficult for such city worked movements to happen with the SP scraping administration".

Precisely, Bubblepoint. The share price has fallen to a level where a major bounce surprises very few.

A dead stock that can multiply by more than 8x in a matter of days is the kind of dead stock we all want to be holding before it takes off.

The principal fear has always been of an escalation that would lead to Tehran blocking the Straits of Hormuz, and key exports of crude oil from the Gulf.

That fear is now playing out in markets, just at the moment when the world’s central banks were starting to declare the inflationary shocks of the past three years as over.

... Of particular concern is that Europe is now dependent on flows not just of oil but of LNG - shipped frozen gas from Qatar - which also have to pass through the strait which is just 20 miles wide at its narrowest point.

The Russia-Ukraine war had made Europe dependent on the global LNG market ...

Huge green hydrogen project in Scotland would be Europe's biggest

https://www.thetimes.com/article/0392d712-e816-4b2a-87ff-11f82812b1bf

Call an EGM. Make sure you have the votes to carry your proposed resolutions.

UK ENERGY STORAGE: Encouraging to hear Energy Secretary Ed Miliband say at the Labour Party Conference: “Our mission for clean power by 2030: onshore wind, solar power, offshore wind, nuclear, tidal, HYDROGEN and carbon capture."

3) the Finch v Surrey CC Supreme court case and jugement.

The farm-in agreement with PPP has now expired.

But David Lenigas and PPP were prepared to farm into HH so different people have different opinions about HH's potential.

The figure comes from an Ernst & Young report

£1.6 trillion by 2040 is a lot!

Financial Times: The UK must mobilise £1.6tn of funding by 2040 to meet the nation’s public infrastructure needs, according to a research. (from Citywire's round-up of the morning press)

Time passes, the end of the original hedge approaches, in 9 months now.

In theory, the market anticipates and doesn't wait until the last minute before taking position.

Volume in Angus can be thin. At some stage, we should see buyers coming in well before July 2025.

With hydrogen storage, UKOG has the wind at its back and the sun shining in its face :-)

With its Saltfleetby gas field in mind.

Available on Angus's "Business Model" page. Thanks to tony_currie on the Angus board for pointing this out:

... Three key recent studies published by the UK government Department of Energy & Net Zero, the UK Storage Working Group and the International Journal of Hydrogen Energy point to the pivotal role to be played by hydrogen transport and storage infrastructure in making 2030 goals for low carbon hydrogen production attainable. Successful hydrogen storage will help mitigate volatility in global energy markets, optimise use of renewable energy using storage when demand is high, counterbalance seasonal fluctuations in energy demand and supply, and open up potential for hydrogen to be used in heat and power generation ...

https://www.angusenergy.co.uk/about-us/business-model/

Just amending the subject title.

Good recovery in prices today: October up 7% at 91.15p:

https://www.ice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5733943

Krzys Zielicki said he would be buying immediately he could. He hasn't done so. Conclusion: he remains unable to buy because he is in possession of privileged information.

Https://www.thetimes.com/comment/columnists/article/help-suppliers-to-unlock-billions-in-energy-investment-2dw03fwfp

Makes for a change but from a very low base, of course.

Don't think they are:

shorters, because a number of them don't seem to trade at all;

nimbies, because the focus of UKOG's activities shifts from the Weald, to SE Turkey to Dorset, but they are still there being negative;

eco-warriors, because they have nothing positive to say about Portland.

They seem to be armchair commentators who enjoy writing negatively about UKOG. I have no idea why.

SS had the choice, to appeal or not to appeal.

If he has chosen not to appeal, that would suggest greater confidence in UKOG's financial possibilities than I had anticipated.

Does that mean negotiations with one or more Portland JV partner(s) are advancing well? (I know any Portland finance will be ring-fenced, but the impact of such an announcement on the share price could be very positive).