Member Info for ocelot

Suggest you take it up with Angus, Bubblepoint.

They believe about 25 billion cubic feet is recoverable, you believe the figure may prove to be 1/2 to 2/3rds of that.

Those are 2 different positions which I, personally, am unable to reconcile.

Following the passing of the resolutions this morning, will the placing give rise to any further TR-1s?

Sorry, September (NOT October) is 91.27p right now.

... I would say looking forwards that we still have about 25 billion cubic feet of gas in that reservoir that we believe is recoverable. If you multiply that by the gas price, it’s an extremely valuable asset ...

October is 91.27p right now.

25 billion cubic feet at 91.27p = £228.2m.

"But still down 99% from last 2 years lol!".

If 0.25p = 1%, then 25p = 100%. The share price has been nowhere near 25p in the last 2 years.

... we are probably constrained to about 11 or 12 million cubic feet per day. Obviously, our goal is to be producing by having the wells that can produce that. That’s what we would be looking to trying to achieve.

AIM: 19.0m

Aquis: 6.1m

Some extracts from the transcript of the interview:

... I would say looking forwards that we still have about 25 billion cubic feet of gas in that reservoir that we believe is recoverable. If you multiply that by the gas price, it’s an extremely valuable asset ...

I believe we’re significantly undervalued. We’ve had to fight to get through some very difficult situations in the last 12-18 months. We have a very strong asset that has very strong cash generating potential. I’ve got a very good team that I know we can use to grow the company and develop it.

https://drillordrop.com/transcript-of-interview-with-richard-herbert-chief-executive-angus-energy/

Https://drillordrop.com/2024/08/20/ceo-interview-onshore-oil-industry-must-generate-cash-for-well-decommissioning/

The first blast of the Llechfraith Target, Alba's primary gold target at Clogau, is anticipated to take place within the next seven days or so.

Https://www.londonstockexchange.com/news-article/UKOG/second-dorset-hydrogen-storage-site/16627833

Https://www.londonstockexchange.com/news-article/ALBA/first-blast-of-llechfraith-target-approaches/16627933

Ocelot - extremely unlikely that the last cash call from AME had been made in time to be included in the interim accounts ...

But surely, ZYX098, if UKOG know there is a cash call from AME outstanding, they have to provide for it in their accounts as an outstanding liability, whether AME have made the call or not?

That looks promising!

Wikipedia includes these lines it its write-up on the Clogau gold mine:

"A 2012 report conducted by Snowdon Mining Consultants on behalf of the previous majority owners of the mine, Gold Mining Wales Ltd (GMW), suggested that as much as 500,000 ounces of gold could be lying untouched in the area surrounding the mine,[4] giving hope that gold may again be extracted from the Clogau Gold Mine ..."

500k ounces at today's spot price gives us a figure well in excess of $1bn before any premium for Welsh gold is added in.

And that's not including their outstanding liabilities w.r.t the P&A of BB and cash calls from AME.

ZYX098,

The 6 months in which they can appeal re BB have not yet elapsed.

What cash calls from AME? If there were any outstanding calls, wouldn't they feature in the interim accounts to 31/03/24?

It ticked up at 13:31:28 to 0.0475p.

Which market are you looking at? The mid-price has ticked up a little.

233.6m shares traded. 2-way traffic, some trimming of positions, some cheap buying.

From 26:41, in a year's time, KZ would like to see Angus "moving forward on even more acquisitions and mergers".

So looking for compound growth.