Member Info for ocelot

Outlook

With gas production at Saltfleetby increasing the Company looks forward to positive cashflows for the year ahead.

The Board will focus on maximising the potential from our existing portfolio, including its storage potential and accelerate its evaluation of new projects to complement production from Saltfleetby.

74.3p at the close, +9.25%:

https://www.ice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5600724

Fair point, Bubblepoint.

With Putin re-elected for a further 6 years, Europe's prospects remain troubled.

Https://www.ice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5600724

ZYX098,

SRBS's post of 08:58 remains on the board.

ZYX098,

I know nothing about the other company, I simply noticed that it, too, had adjourned its GM in order to engage with shareholders.

They are proposing to reduce their nominal value. As for UKOG, that involves a special resolution requiring a 75% vote.

Reminder: GROC valuation:

at time of IPO in late September 2021: £11.1m

now: £2.9m

Listened to the ACF Equity Research video tweeted by GROC on 12/03/24: with one exception, the few publicly-quoted companies investing in Greenland are currently "beaten-up". The Head of Research makes a good case for investing in Greenland while values are beaten-up:

"If you want that classic 10-bagger, there are worse places to look that Greenland".

Listened to the ACF Equity Research video tweeted by GROC on 12/03/24: with one exception, the few publicly-quoted companies investing in Greenland are currently "beaten-up". The Head of Research makes a good case for investing in Greenland while values are beaten-up:

"If you want that classic 10-bagger, there are worse places to look that Greenland".

"A final judgement will likely be handed down in late Summer/early Autumn once Lady Justice Rose and Lord Justices Kitchin, Leggatt, Richards and Sales have considered the case". (RNS of 21/06/23)

We can only speculate as to the reasons for the lengthy delay in delivering the judgement.

It could be that the judges are well and truly split and that we are heading for majority and minority opinions.

UKOG isn't the only AIM-listed oil company to have adjourned its GM:

Further to the "Posting of Circular and Notice of General Meeting" announcement on 28 February 2024, the general meeting of the Company ("GM") will commence as scheduled on 15 March 2024, and promptly be adjourned until 11 am on 20 March 2024, at our registered office located at 38-43 Lincoln's Inn Fields, London, WC2A (the "Adjourned Meeting").

Consequently, the voting period will remain active until 11 am on 18 March 2024.

The adjournment has been called to enable the Company to engage with shareholders regarding their voting intentions, as it is crucial for the successful passage of resolutions. Methods of participation and voting at the Adjourned Meeting shall be the same as the ones set out in the Circular dated 27 February 2024 ...

Non-Executive Chairman, George Frangeskides and CEO

@StefanBernstei3 with Greenland Natural Resources Minister Naaja Nathanielsen at a meeting between GreenRoc and the Government of Greenland in Toronto.

More from @the_PDAC event last week.

CEO, @StefanBernstei3 presented to a packed room at the Greenland Day session.

Angus is also hoping for confirmation SOON that it is permitted to conduct a long-term test of the Balcombe-2Z well. (RNS of 22/02)

Soon could be very soon, FFBRA (Frack Free Balcombe Residents Association) were expecting to hear whether its application to appeal had succeeded in January or February:

https://drillordrop.com/2023/12/13/balcombe-residents-raise-5500-for-court-appeal/

Non-Executive Chairman, George Frangeskides and CEO

@StefanBernstei3 with Greenland Natural Resources Minister Naaja Nathanielsen at a meeting between GreenRoc and the Government of Greenland in Toronto.

More from @the_PDAC event last week.

CEO, @StefanBernstei3 presented to a packed room at the Greenland Day session.

Https://www.kitco.com/news/article/2024-03-14/gold-price-hit-2535-summer-its-breakout-unambiguous-midas-touchs-florian

Not familiar with the strategist concerned, but his forecast makes sense to me.

Thank you for your insights, Bubblepoint.

Bubblepoint,

£1m, at the present Brent price of $85 and $ exchange rate of 1.28 = about 41.5 bopd.

Is that the kind of figure you think Brockham may produce?

... look at the daily trades - it's a minuscule ratio - no one is buying - its just day traders turning a few quid.

---------------------------------------------

No one is buying, agreed. By the same token, no one is selling.

Volume is too low for anybody to trade, less than £2k so far today.

Stock is in waiting mode.

PS: now they can complete "events after the reporting period" for the 22/23 annual report.

Https://www.londonstockexchange.com/news-article/ANGS/result-of-meeting/16378296