Member Info for ocelot

Outstanding balance of the convertible loan down to £0.42m.

You make SS sound like a Hollywood star on the red carpet!

It's not just the content but also the tone of the RNS which is encouraging: for all the purveyors of doom and gloom, this sounds very much like business as usual.

At the time of the release of the annual report, a poster remarked upon the absence of the name of the CFO. The CFO's name appears with that of SS at the bottom of this RNS.

Angus began to use twittter again for the webinar and the interview with Share Talk. Will they use twitter for any updates re Brockham?

Correction: not repeated word for word, they've specified Envoi's name and its area of specialisation this time:

LOXLEY UPDATE: Important progress with appointment of specialist marketing and divestment company Envoi to facilitate farmout of our gas and hydrogen feedstock project. https://tinyurl.com/353ur9pk

Repeated 5 minutes ago.

I'm surprised a specialist firm wasn't appointed earlier, UKOG does not give the impression of being under time pressure.

Https://drillordrop.com/2024/05/01/ukog-appoints-help-to-farmout-loxley-drilling-project/

LOXLEY UPDATE: important progress with appointment of company to facilitate farmout of our gas and hydrogen feedstock project. https://tinyurl.com/353ur9pk

With you. You're talking about Envoi! Apologies, as you've understood, I thought we were talking about UKOG.

You've lost me, sceptic2.

Net assets at 30/09/23 were £32.687m according to UKOG's annual report.

Page 37:

https://www.ukogplc.com/ul/660baef6c126f_660b9d88a37fa_UKOG-ARA-FS2023aa.pdf

Don't know where you found that figure: net assets at 30/09/23 were £32.687m.

Pernicious

adjective formal

having a very harmful effect or influence:

The cuts in government funding have had a pernicious effect on local health services.

He did own 49% of Saltfleetby!

It is an encouraging initiative and it is very good to hear they are already in discussion with 2 UK listed energy companies.

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that it has appointed UK based oil and gas divestment and project marketing specialists, Envoi Limited to facilitate the farmout of up to a 50% working interest in the Company's material 100% owned Loxley gas and hydrogen feedstock project ("Loxley"). The farmout seeks to fully fund the planned Loxley-1 appraisal drilling and testing programme with the Company's share of costs being carried by the farminee or farminees. The project has incontestable planning consent to proceed ahead (see RNS 10th January 2024).

Separately from Envoi's mandate, active discussions are ongoing with two UK listed energy companies interested in pursuing the farmout opportunity ...

Stephen Sanderson UKOG's Chief Executive commented;

"The farmout process is designed to fully fund the Loxley appraisal programme and, if successful, remove the requirement for the Company to raise additional funds for its share of costs for this material project. We look forward to working with Envoi and with prospective farminees".

Maybe it will be the Supreme court that does something soon and announces the date of its judgement in Finch v Surrey CC.

Repeat of my post of 12/04:

Re Brockham, from 08:34:

"moving full speed ahead to bring that field back into production"; long lead items ordered, rig put on contract; plan to be doing a work-over in May.

Needs to manage expectations: relatively modest production, not currently set up for 24 hour production.

Certainly, if we are encouraged by early production, we will consider moving to 24-hour production.

Anticipating production some time in late May/early June.

Very exciting for us especially given current oil prices.

Clogau was blocked for ages by NRW. HH is blocked by UKOG's lack of funds. The Greenland assets are now in a separate quoted company, GROC, and have been reduced to 2, Amitsoq and TBS.

It looks as if West Andover was presented to Alba as an opportunity, an opportunity they considered worth taking a closer look at.