Member Info for ocelot

Wasn't referring to any collaboration in particular, gained an impression of the way Sumitomo proceeds in certain cases.

Sumitomo appear to be actively seeking to increase the spread of their projects in green activities and to be open to working alongside much smaller companies.

Deltavegatheta,

Re the discussions with "several significant potential international investors with regard to their participation in the Company's hydrogen storage project" (RNS of 01/02/24), no independent confirmation is possible, the sole (and best-placed) source of information is UKOG management.

The Portland Dorset hydrogen storage project continues to provide very positive news from Government and potential investors for our wholly-owned subsidiary, UKEn. We remain excited to be at the leading edge of this new and developing major infrastructure sector and continue to build towards making an application for Revenue Support in the UK's first Hydrogen Storage Allocation Round, currently scheduled to open in Q3 2024 ... (Annual Report RNS of 02/04/24)

Provides link to a Times article:

https://www.ukogplc.com/ul/UKEn%20Green%20hydrogen%20170524.pdf

... This week RWE, the energy company, announced plans to build a so-called green hydrogen plant in Scotland on the site of the Grangemouth petrol refinery. Meanwhile, Hydrogen UK, the industry body, claims that it is at a tipping point,

poised to create 20,000 jobs and to contribute £26 billion in cumulative gross value added to the economy.

Alba also announces that its Annual General Meeting will take place on 31 May 2024 at 9.00 am at its registered office, 6th Floor, 60 Gracechurch Street, London EC3V 0HR.

I missed this. UKOG followed up its 1st tweet of yesterday with a 2nd at 5.44pm with a link to this Forbes article:

https://www.forbes.com/sites/feliciajackson/2024/05/16/hydrogen-from-renewables-could-save-the-uk-15-billion/?sh=4239b6c434d5

Lse shows the current market cap as £1.21m.

The outstanding convertible loan of £0.37m represents 30.6% of the market cap. That percentage was closer to 50% quite recently.

Outstanding balance of loan down to £0.37m.

Continuing need to get their share price up, in order for the conversion to become less dilutive and expensive.

It's just become heftier: a late-reported 2nd line of 10m shares went through at 0.40p at 16:37:15, to add to the 9,978,179 of the Uncrossing Trade.

30m at 0.031p at 16:38:14 takes the day's volume up to 100.1m or 1bn in old money -that is a better day's trading.

AIM: 2.3m

Aquis: 21.0m

As you say, nothing that can be announced at present but these things do tend to take a certain amount of time.

... The Company is also in discussion with several significant potential international investors with regard to their participation in the Company's hydrogen storage project. (RNS of 01/02/24)

Announced on 24/04. 30-day option period takes us through to 23/05, a week from today.

UK ENERGY STORAGE LTD: Building an exciting "salt of the earth" business.

"Who can build the UK's largest hydrogen salt cavern storage site to meet Southern UK's hydrogen storage needs in 2050?

UKEn can in Dorset"

"In another pledge, Labour says Great British Energy would be paid for by a windfall tax on oil and gas companies.

How much that raises depends on how high energy prices are. And there is already a windfall tax on energy companies: the Energy Profits Levy, introduced in May 2022 at 25% and then increased in January 2023 to 35%.

It is supposed to stay in place until March 2029 unless oil and gas prices drop below a certain level for six months. Labour want to increase it to 38% and reduce the investment allowances, which it refers to as loopholes".

This should encourage Angus in their endeavours to find suitable growth opportunities outside of the UK.

Volume: 39.2m (392m in old money): that is really quite healthy.

GF has mentioned in the past being approached by international jewellery brands.

Because the share price has overreacted to the failure of Pinarova-!?