Member Info for ocelot

Oh well, at least you managed to write in moderate language once, so you can do it if you want to.

That is a post expressed in moderate language, Bubblepoint, without capital letters and exclamation marks and with only one stutter.

If only all of your posts were expressed in such language!

Solid trade just before the close: 90m shares at the mid-price of 0.019p, £17.67k.

Bloomberg has published a table showing that Saudi Arabia, the UAE, Kuwait and Iraq have reduced oil production from a combined 20.47m bbl to 6.70 bbl.

... but what you got right at the time may now be stopping you from seeing how they can come out of suspension and grow.

"My industry instincts called it right at 1.7p, and I doubt that is ANY different NOW...."

Agreed but it is your financial instincts I have doubts about.

You have a tendency to exaggerate, Bubblepoint, imho.

"Gezzzz it is YOU that keeps pumping the gas figures out, but ONLY when they are rallying up...."

It is when they rally up that good hedges can be taken out, which is precisely what they have done: well done, Angus!

But what has been hedged has been hedged, Bubblepoint, the price can rise or fall but the hedged price has already been fixed.

Bubblepoint,

Yes, I can certainly be pedantic but nope, I don't know what you mean, I'm not sure you have done the maths.

Doesn't the £13m per year concern 44% of production of gas?

Doesn't the £37.1m of revenue (that is, gas + other sources of revenue) average out at £18.55m per year?

Or have I misunderstood something?

Will others be encouraged to follow this example?

Certainly, with £800k in the kitty, at this level the upside potential appears to outweigh the downside risk (although I do not doubt that there are some who would disagree).

It sounds as if Cuba may be next on Donald Trump's list.

"AS EVER, distract from the point made to suit your bosses agenda lolololol proper lolol"

When the point made concerns CONTINUING geopolitical tensions and the RNS we are discussing was released this morning, I haven't understood this comment of yours, Bubblepoint.

"AS EVER, distract from the point made to suit your bosses agenda lolololol proper lolol"

When the point made concerns concerning geopolitical tensions and the RNS we are discussing was released this morning, I haven't understood this comment of yours, Bubblepoint.

Bubblepoint,

If you read this morning's RNS, you will see that it mentions hedges undertaken in recent market conditions.

By the way Ocelot, prices hit 160 yesterday, and tumbled right back to the low 120's OVERNIGHT, same with crude, as said, relying on geopolitical tensions for retail upside is VERY naïve ...

Bubblepoint, it is definitely not VERY NAIVE to take advantage of price rises in order to lock them in as hedges.

Unusual development for Alba, the only holder of more than 3% of shares.

A participant in the last placing?

"... This includes early hedges placed at particularly strong prices, with April, May and June 2026 volumes secured at 141 pence, 135 pence and 127 pence per therm respectively".

Well done, gentlemen!

All I am saying is that it may not be a 7am RNS but an RNS released the previous day, perhaps in the afternoon.