Member Info for ocelot

In the last, 21/22 annual accounts:

"The Directors determined that the net present value of the HH-1 well was £0.8 million ..." (Note 12, p56, Oil & gas properties).

"The Directors have determined that the net present value of the Horse Hill development to be £11.4 million, which takes into account drilling of additional wells in the field, and supports the value of intangible assets of Horse Hill". (Note 11, p55, Intangible assets - Exploration & evaluation assets).

That is, management attributed to HH as a whole a net present value 14.25 times that of HH-1.

We continue to await the judgement of the Supreme court in the case brought by Sarah Finch.

"Underway" may mean measures to secure the debt.

Glad to hear you are sure it is underway.

Are you suggesting the refinancing is not underway, Bubblepoint?

"The refinancing is underway ..." - that sounds very positive.

The PEA produced a net present value for Amitsoq of $235m at a discount rate of 8%.

If the project can be accelerated by, say, a year, that is a year's discount of 8% that is saved and the npv is raised by about $20m to $255m.

Magoo247,

The ETA was pushed back a bit in this answer to an Investor Question asked on 01/02/24:

"Once the global refinancing has been completed, anticipated to be by the end of February, ...".

... Natural graphite has been on its own wild ride – down some $300 from this time last year to the early $500s a tonne now.

To power 1 million Cybertrucks, Tesla needs the natural graphite of the world’s number two producing country, Madagascar, according to the USGS.

If most drivers want to go the extra mile add half the output of world number three Mozambique or most of fourth-ranked Brazil ...

SRBS,

I don't disclose my personal positions/trades: these boards are too polarised, there is almost always someone who will seek to use that information for their own purposes later.

Https://www.supremecourt.uk/news/future-judgments.html

“I think that it will accelerate our project BY SEVERAL MONTHS, IF NOT A YEAR OR SO".

“I think that it will accelerate our project by several months, if not a year or so. We expect to be able to apply for our Exploitation Licence by the end of this first half of 2024. And I'm hopeful also that we'll be able to receive our permit before the end of this year. We'll conclude the environmental and social impact assessments, go on to the impact benefit agreement. We can also start our pre-feasibility study leading on to the definitive feasibility study, which we expect to conduct in 2025, then start raising the capital and start construction in 2026” explained Stefan Bernstein, CEO, GreenRoc Mining.

Very positive interview, SB opens it with a broad smile on his face.

GreenRoc Mining (AIM:GROC),the exploration and development company focused on critical mineral projects in Greenland, has announced a major positive change in the Greenlandic mining laws, which will accelerate and de-risk its ‘world-class’ Amitsoq graphite project in Southern Greenland ‘by several months if not a year or so’.

SB opens the interview with a broad smile on his face, yesterday's RNS is very positive news.

Https://www.lse.co.uk/media/GROC/stefan-bernstein-ceo-of-greenroc-explains-how-law-changes-in-greenland-will-accelerate-amitsoq-pvb162fybu1x28o.html

“I think that it will accelerate our project by several months, if not a year or so. We expect to be able to apply for our Exploitation Licence by the end of this first half of 2024. And I'm hopeful also that we'll be able to receive our permit before the end of this year. We'll conclude the environmental and social impact assessments, go on to the impact benefit agreement. We can also start our pre-feasibility study leading on to the definitive feasibility study, which we expect to conduct in 2025, then start raising the capital and start construction in 2026” explained Stefan Bernstein, CEO, GreenRoc Mining.

So about 1/6th of all shares have been traded during the last 3 sessions.

· The prospect of an early Exploitation Licence award is expected to assist GreenRoc in its endeavours to secure development finance for the Amitsoq Project.

Indeed, any player with the means to finance Loxley also has the means to take over UKOG, given its current market cap.

Then it's a question of whether the player is interested in UKOG's other assets or not.

It remains the case that, with its cash flow from Saltfleetby, Angus is in a better position than UKOG to finance Loxley.

However, the completion of Angus's new debt facility has been pushed back and is now "anticipated to be by the end of February" (answer to Investor Question of 01/02/24).

LOXLEY REMINDER: Competent Person's Report illustrates potential economic value of UKOG's gas discovery at up to £124 million net mid-case 2C post-tax net present value. http://tinyurl.com/2p8x9upm #gas #energy #aim

Facility Summary:

-- 3 committed tranches: GBP2 million receivable no later than 2 days after completion ("First Tranche"), GBP0.5 million receivable by no later than November 17(th) 2023, and GBP0.5 million receivable no later than February 16(th) 2024,

-- Further advance of up to GBP2 million by mutual consent, ...