Member Info for ocelot

Simply pulled out figures from the company's interim figures at 31/03/24.

It is not for the company or for myself to integrate your own forecasts, Bubblepoint, that is something for you to do.

Healthy.

At 31/03/24, gross debt of £20m.

Netting off against cash of £5.438m, net debt amounted to £14.562m.

These are relatively small figures vis a vis the book oil and gas production assets of £76.489m.

"... basically look at the life long chart of the company it TELLS YOU THE TRUTH of what they have done or not done... SIMPLZZZZZZZZZZ"

A stock's prospects are not all about the past, Bubblepoint.

"Brings back memories of" ... Aretha Franklin singing "Don't Play That Song (You LIed)".

We’ve moved closer to securing significant international funding, as we continue to have positive talks with Govt about UK’s hydrogen future and our underground storage plans in Dorset and Yorkshire. (tweets of 30/08 and 02/09)

This LOS together with those from Sumitomo and SGN will help build both our application for government revenue support and provide identified potential strategic investors comfort that the projects can be successfully delivered."(RWE LoS RNS of 02/08)

The funds will also permit the Company to further negotiations with identified prospective strategic joint venture partners ... (placing RNS of 05/08)

... In support of this proposal, we have committed to working with UKEn to ensure that the design and delivery of the storage facility meets the needs of RWE and other potential industry users."

"We are giving permission for you (UKEn) to reference RWE as a "supporting party" in discussions with government and your proposed submission for revenue support via hydrogen storage allocation rounds." (RW$E LoS RNS of 02/08)

... which reversed yesterday's rise to leave the share price flat over the 2 sessions.

North Africa

North Africa has huge demand for oil and gas and offers both domestic and export opportunities, including pipeline gas sales to the European market. The region is rapidly expanding and Angus is actively looking at onshore production assets in parallel with renewable energy projects like solar. (website, About Us/Business Model)

From the new website, About Us/Business Model

Future Strategy

Whilst the UK is becoming a more challenging market for further investment, Angus sees compelling opportunities in North Africa and North America in particular: ...

North America

Higher oil prices and increasing LNG export capacity are driving high activity in the USA and Canada in the upstream sector. Both countries operate stable and low taxation policies which are attractive for investors. There is also a high level of deal flow in the region. Angus Energy is well placed to enter this region, with a focus on onshore, conventional production assets analogous to its fields onshore UK. The Company is well connected in both the USA and Canada and the management team has extensive experience of operating in both countries in the past.

04/07: general election

05/07: change of government

10/07: placing and termination of convertible loan

15/07: change of Nomad and broker

18/07: Shore Capital declares an interest of 12.8% in the share capital

The City does not control the new government's net zero policy.

2 months ago was the Eve of the General election.

It's looking much brighter than it was 2 months ago - a lot can happen in 2 months.

PS: in your newly formulated expression, we can all note that you are not looking for the share price to decline.

I may not agree with your prediction, AimingLow, but it does now make sense - thank you.

UKOG won't make it to 2025. But if it does ...

That's a glorious piece of self-contradiction.

The connection is hydrogen and the UK government's net zero and hydrogen ambitions.

... Technip says the project is targeting 1.2 GW of low-carbon hydrogen production, which equates to more than 10% of the UK’s 2030 hydrogen production target ...

Andy Lane, vice president for hydrogen and carbon capture, use, and storage at BP, UK, is quoted as saying: “The project could play a critical role in decarbonizing industry on Teesside, helping to transform the region into a leading hydrogen hub and kickstart the UK’s low-carbon hydrogen economy.”