Member Info for ocelot

Article dated 18/01/24 discusses the issues:

https://www.russell-cooke.co.uk/media/fmocei5h/rc-cov-propertyweek-2024jan18.pdf

Https://drillordrop.com/2024/06/13/date-for-supreme-court-judgement-on-landmark-climate-case/

Https://drillordrop.com/2024/06/13/date-for-supreme-court-judgement-on-landmark-climate-case/

Gosh! Thank you for your post, deltavegatheta.

1/ Brockham:

on 24-hour operations, when they had originally thought it would only operate during daylight hours;

"so far, so good", flow-rate seems to be steady;

if commercial flow-rates maintained until the end of July, will make some modest upgrades, to sustain production going forwards;

additional knowledge acquired of the reservoir may lead to them looking to bring another well on production;

2/ hedged volume declines from 1.5m to 1.25m therms from 30/06, boosting their revenue;

3/ growth opportunities could mean the purchase of assets or combinations with other companies.

Many thanks, RH, for this morning's interview and for the updates you have provided to shareholders.

Interesting comment re Balcombe from 06:18, that they are working with the government to try to move Balcombe forward.

From Drill or Drop's article on Star Energy:

Mr (Ross) Glover (Star Energy's new chief executive) said:

“The skills needed to develop the geothermal industry already sit within the onshore oil and gas industry in the UK – this could be a real “just transition” for oil and gas workers to a green technology that is proximal in terms of skill set.”

He said geothermal “fits perfectly” with Labour’s plans for GB Energy, a publicly-owned clean energy company ...

https://drillordrop.com/2024/06/12/star-energy-to-quit-shale-gas-licences/

When an institutional investor approaches you in order to invest in your company, that is bullish, that is precisely what you want to see happening when you are a small company with big plans for the medium to long-term future.

Think the institutional investor will be looking for a big percentage gain in order to justify the cost of investment management's time in making a £100k investment.

Think the key point is surely that an institutional investor has approached the company and come on board for £100k - welcome, the institutional investor!

Institutional Share Placing

GreenRoc Mining Plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, is pleased to announce that it has raised gross proceeds of £100,000, through the issue of 5,263,157 new ordinary shares at a price of 1.9 pence per share (the "Placing Shares"). The Placing Shares were issued in response to an offer to invest from an institutional shareholder ...

Price unchanged on the day at 2.35p, 9 trades, almost all blue, volume of 650k.

HawaiifiveO has posted a bullish post on the GROC board.

The ambition is there: "Angus is focused on becoming a LEADING onshore UK energy infrastructure company.

Angus Energy plc is a UK AIM quoted independent onshore Energy Transition company with a complementary portfolio of clean gas development assets, onshore geothermal projects, and legacy oil producing fields. Angus is focused on becoming a leading onshore UK energy infrastructure company ... Angus Energy operates all fields in which it has an interest.

Https://www.proactiveinvestors.co.uk/companies/news/1049176/angus-energy-shares-spurred-into-action-following-brockham-oil-field-update-1049176.html

48 bopd x $80 = about $1.4m pa @ 80% = $1.12m for Angus or, at 1.28 = £875k of revenue.

Https://drillordrop.com/2024/06/06/uk-onshore-oil-and-gas-production-in-charts-march-2024/

Agreed, Insidious.

It's not just that some are here 24/7, it's also that some only take an interest in the one stock.

Https://drillordrop.com/2024/06/05/oil-flows-at-brockham-angus/

There have been director purchases in GROC very recently.