Member Info for ocelot

Below market cap was calculated on a share price of 0.40p.

At 0.35p, market cap = £15.47m, so 1.12x annualised EBITDA.

Cheap.

Half-year EBITDA: £6.937m, so annualised EBITDA = £13.87m

Market cap: £17.69m, so 1.28x annualised EBITDA.

Undervalued.

... Angus is proceeding with a strategy of acquisitions that will increase production, reduce unit costs and decrease overall risk. We have identified three geographic regions of interest and are actively pursuing acquisition and commercial tie up opportunities. We hope to be announcing details during the next six months.

Outlook

With the successful restructuring of the Company's debt and stable production at Saltfleetby the management team can now turn attention to both organic and inorganic growth opportunities and we look forward to updating shareholders as our plans progress.

They've got the permanent flowline done and they've secured the £20m facility.

They cannot be held responsible for the Balcombe appeal or for British politics.

We now await updates concerning their growth strategy. The appointment of the new NED from Kemexon suggests we may not have much longer to wait for some news.

The £20m facility was drawn down on 22/02/24, 4 months ago.

From that RNS:

"Angus will pursue a growth strategy to acquire additional production"

Since then, Balcombe has suffered a further legal setback and Rishi Sunak has called a general election, the result of which may well impact the UK's energy industry.

Not all of the factors at play are within management control.

Nothing intrinsically wrong with debt. On the contrary, it can help finance growth and relieve shareholders of some of the burden.

.

Stephen Sanderson UKOG's Chief Executive commented:

"It is a further key step for our Dorset hydrogen storage project that SGN, the hydrogen pipeline operator, recognise the project as essential for decarbonising the Solent Cluster and Southern England. The LOS and mutually advantageous joint cooperation will be essential for our application in the first government hydrogen storage Allocation Round, as it will provide DESNZ the necessary comfort that storage and pipelines can be delivered in tandem to enable the new hydrogen system to function."

Think they said bulk sampling would go down about 10 metres.

PS: a Dior bag was re-named the Lady Dior bag after Princess Diana was photographed with it, so LVMH has made the most of royal connections in the past.

Bloomberg has been featuring an article on Bernard Arnault of LVMH:

https://www.lvmh.com/houses/watches-jewelry/

Clogau is getting closer all the time to becoming a commercial mine again.

Spot gold price is currently $2,316.21.

West Andover: the video indicates that:

"Alba giving notice to exercise the option.

Ongoing discussions with vendors in respect of the transaction".

They are descending deeper and deeper in order to bulk sample between levels 4 and 5 and are working to ensure the safety of all involved - like the photo of the inspection of the Llechfraith Shaft!

Https://www.kitco.com/news/article/2024-06-24/fed-rate-cuts-and-friction-bond-market-could-drive-gold-prices-3000-next-12

Https://envoi.co.uk/projects/active-projects/united-kingdom/uk-onshore/

Https://drillordrop.com/2024/06/20/horse-hill-developer-seeks-to-restore-planning-consent-after-supreme-courts-perplexing-judgement/

ZYX098,

The implications are not limited to onshore projects:

Campaigners claim the judgement could also affect ongoing legal challenges of new projects in the UK including Rosebank oil field and the proposed coal mine in Whitehaven in Cumbria. (from the BBC's article)

UKOG's RNS puts the judgment into perspective in relation to UKOG itself.

More concerning, in today's troubled and potentially dangerous times, are the implications for the UK's energy "independence".