Member Info for ocelot

TURKEY UPDATE: Operator AME advises that perforating operations, using new 7-inch guns, should commence towards end of next week or by following Monday, 22 January 2024. (tweet of 11/01)

Obvious point: 4% saving on £20m = £800k in a full year.

Reminder from the 20/12 RNS:

-- GBP20m debt facility agreed with Trafigura PTE Ltd ("Trafigura") to refinance all existing debt and fund additional capex projects to raise production at Saltfleetby Field

-- 5 year amortising term with one year repayment grace period and reduced cash sweep for accelerated repayment

-- Interest margin over SONIA of 8% compared to 12% on existing senior debt and 15% on bridge facility

... We are working hard to close the refinancing and have lots of ideas which will generate positive news flow in the future (from Barney182's message of 17/01).

Update on Financing, Extension of GBP6m Junior Bridge Facility and Options Award

Angus Energy plc (AIM:ANGS) is pleased to announce that work in documenting the Company's proposed GBP20 million Loan Facility and Offtake Agreements with Trafigura is progressing well and is expected to conclude with satisfaction of conditions precedent and drawdown within four weeks.

The Company has been granted an extension to the existing GBP6m Subordinated Debt Facility (the "Bridge Loan"), which is due to mature on 19(th) January 2024, in order to allow time for completing documentation and drawdown under the proposed facility with Trafigura. Accordingly, Aleph Finance Limited has agreed to an extension of the Bridge Loan for one month until 19(th) February 2024, for a fee of 1%, which is proportionate to the fee paid for the previous extension of the loan in October 2023 ...

Late-reported sell of c16.8m at 0.0863p helps to explain the session's share price performance.

Mid-point down 8.5% at the close, at 2.15p.

On GROC, the production timetable for Amitsoq at today's presentation appeared to have shifted out to the 2nd half of 2027 from earlier in 2027.

More than an hour of no trades after 14:58, agreed.

Just completed his presentation.

Think one of his slides suggested the processing plant would increase value by 6 times.

Alba's COO Mark Austin and I were able to venture out onto No.4 Level this morning, the first time anyone has walked this key section of the Clogau Gold Mine for decades.

Lower Llechfraith Workings Dewatered to No. 4 Level

Alba Mineral Resources Plc (AIM: ALBA) is very pleased to announce that the Company has succeeded in dewatering the Lower Llechfraith workings, its principal gold target at the Company's 100% owned Clogau-St David's Gold Mine in north Wales ("Clogau" or the "Mine"), down to No.4 Level ...

Warmer at level 4?

Not checked to see if they have been admitted.

There is a potential reversal of situation here: with so many shares in issue, any rise in the share price will quickly increase market cap to level where it becomes easier to finance the company's needs.

Thank you for your post, Barney182.

TURKEY UPDATE: Operator AME advises that perforating operations, using new 7-inch guns, should commence towards end of next week or by following Monday, 22 January 2024.

"End of next week" so any time from tomorrow (maybe!).

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Reminder: tomorrow at 1PM GMT, #GROC CEO Stefan Bernstein will be presenting at the

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Unsurprisingly, UKOG is the current volume leader on the market.