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Thank you for your insights, Bubblepoint.
Bubblepoint,
£1m, at the present Brent price of $85 and $ exchange rate of 1.28 = about 41.5 bopd.
Is that the kind of figure you think Brockham may produce?
... look at the daily trades - it's a minuscule ratio - no one is buying - its just day traders turning a few quid.
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No one is buying, agreed. By the same token, no one is selling.
Volume is too low for anybody to trade, less than £2k so far today.
Stock is in waiting mode.
PS: now they can complete "events after the reporting period" for the 22/23 annual report.
Https://www.londonstockexchange.com/news-article/ANGS/result-of-meeting/16378296
Wonder how "soon"!
A programme in Q2 2024 to restore oil production from the Brockham Field in Southern England, through a tubing-replacement workover and repairs to the downhole pump in the Brockham-1X well. In the event of success, it is planned to reperforate the Brockham-4X well, currently completed in the Kimmeridge zone, in the main Portland reservoir to increase production. ANGUS IS ALSO HOPING FOR CONFIRMATION SOON that it is permitted to conduct a long-term test of the Balcombe-2Z well. (RNS of 22/02)
Wonder how "soon"!
A programme in Q2 2024 to restore oil production from the Brockham Field in Southern England, through a tubing-replacement workover and repairs to the downhole pump in the Brockham-1X well. In the event of success, it is planned to reperforate the Brockham-4X well, currently completed in the Kimmeridge zone, in the main Portland reservoir to increase production. ANGUS IS ALSO HOPING FOR CONFIRMATION SOON that it is permitted to conduct a long-term test of the Balcombe-2Z well. (RNS of 22/02)
That's a post of a different quality than usual - thank you, Nutty-Mike.
The surviving resolutions for tomorrow's GM are, therefore, 1 and 3:
https://www.angusenergy.co.uk/wp-content/uploads/2024/02/Angus-Energy-PLC-GM-notice-and-Circular.pdf
Https://www.londonstockexchange.com/news-article/ANGS/update-regarding-the-forthcoming-gm/16375532
2nd biggest % gainer of the day.
To say"
https://www.bbc.co.uk/news/science-environment-68538951
The share options have an exercise price of 0.67 pence per share (being a premium of 36% to the closing price on 18 January 2024) (the "Exercise Price") and vest as to 100 per cent., upon the closing mid-market price of the Ordinary Shares being 0.67 pence per share or above ...
While it is certainly a positive that we have seen a significant sulphide content in the samples tabled in our Processing Plant to date, we will need to await the publication of the assay results from our first batch of heavy mineral concentrates in the coming days. (extract from the RNS of 22/02)
At 0.065p = £2.115m.
Approx £0.66m due to RiverFort/YA (RNS of 23/01),
= about 31.2% of market cap.
A holding of 30% would oblige RiverFort/YA to launch a take-over bid which is not something they would want to do.
It is in the interests of RiverFort/YA that UKOG succeeds in getting its market cap up.