Member Info for ocelot

Sorry, patrick7, that's not me, I have no pretension to being an engineer or an industry expert.

I am now left with 4 messages I can read amongst 20 on the page, 3 of which are my own.

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

I've no idea what the 4 green messages following my own said but, on the assumption they were not entirely complimentary, "thank you" admin.

No trades on Aquis either, zilch.

Those who want to sell really should have sold by now.

The results of the GM should be known this afternoon.

Then it's a question of what UKOG does re the approximately £660k remaining due to RiverFort/YA:

"Conversion of these Equity Shares by the Investors now reduces the balance of the GBP2 million gross first cash sum received to approximately GBP0.66 million" (RNS of 23/01).

$2,108.99.

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

Will end tomorrow with the reconvened GM, first proposed on 01/02.24.

Regret the loss of the monthly Investor Questions.

Meant that there was a regular dialogue with management.

And, because they were in written form, meant there was an archive of material that could be researched.

Bubblepoint,

Sorry but your figures do not look right.

I calculate losses of £59.148m from 01/10/13 to 31/03/23 on the basis of the published accounts (see my post of 13:10).

Where do you find an additional £50m+ of losses, about 11 months later, at the end of 02/24?

Bubblepoint,

Of course the losses are important, but they are disclosed in the published accounts.

My question is where do you get your figure of £110m from? Indeed, in your post of 21:40 of yesterday, this had become "OVER £110 MILLION" in capital letters "squandered".

Is this poetic license on your part?

Accumulated losses at 30/09/13: £31.621m

Accumulated losses at 31/03/23 (last available accounts): £91.039m

Accumulated losses from 01/10/13 to 31/03/23 as UKOG: £59.418m

Bubblepoint,

You continue to write of £110m, but the accumulated loss at 31/03/23 (the last available accounts) was £91.039m of which £31.621m was already on the books at 30/09/13, at the approximate time when Sarantel became UKOG.

At 31/03/23, UKOG's book net assets amounted to £34.678m.

On the basis of today's 32.54bn shares, the book net assets at 31/03/23 represent about 0.0107p per share, that is, about 14.3 times the current share price of 0.0075p.

Given the books show net assets of £34.678m at 31/03/23, I suspect your may have double-counted some figures in arriving at "OVER 110 MILLION".

Largely empty in terms of market cap, agreed: £2.44m.

But, in terms of the books at 31/03/23 (the last available accounts), net assets amounted to £34.678m.

I was trying to understand where your figure of £110m comes from, Bubblepoint.

Where does the £107.6m come from, Bubblepoint?

Was there at one stage accumulated profits of about £16.5m?

Accumulated losses at 31/03/23: £91.039m.

£91.039m is not £110m.

32.54bn x 0.0075p = £2.44m.

£2.44m is not "under £2m".