Member Info for ocelot

1/ permanent flow-line > reduced outgoings;

2/ refinanced debt facility > reduced outgoings;

1/ + 2/ = increase in net cash generation.

The market appears to be remarkably reluctant to anticipate any of this actually happening.

Https://www.reuters.com/markets/deals/chevron-buy-hess-corp-53-bln-stock-2023-10-23/

GROC tweet of 8:25am. Refers to an article in mining-journal.com which is subscriber only:

China, which produces c 79% of world’s #graphite, is stopping the export of graphite, resulting in a major block in #electricvehicle battery supply chains and creating an opportunity for those companies producing graphite elsewhere:

... By 2025, demand for Graphite is expected to exceed supply and demand is expected to continue to outpace production growth until well into the next decade as the automotive industry ramps up EV production.

Tirupati expects the combination of increasing demand and supply shortfalls, alongside China's export restrictions, to have a positive impact on Graphite prices which have fallen since the start of 2023. Tirupati also expects that ex-China consumers of Flake Graphite in energy transition sectors and others shall progress their efforts to secure ex-China supply sources for their Flake Graphite needs to mitigate increasing geopolitical risk surrounding it and other critical minerals ...

https://www.londonstockexchange.com/news-article/TGR/statement-on-china-s-graphite-export-restrictions/16176806

... “It is almost impossible to find alternatives to Chinese graphite imports,” said an official of a Korean EV battery maker who declined to be named. “The Korean EV battery plant operations will hinge on the Chinese government’s export control.” ...

Korea’s No. 1 EV battery maker LG Energy Solution Ltd. commanded the largest share of 28.5% in the global battery market excluding China in the first eight months of this year, according to SNE Research. Its battery usage jumped nearly 60% from the same period last year.

https://www.kedglobal.com/batteries/newsView/ked202310200021

... “It is almost impossible to find alternatives to Chinese graphite imports,” said an official of a Korean EV battery maker who declined to be named. “The Korean EV battery plant operations will hinge on the Chinese government’s export control.” ...

Korea’s No. 1 EV battery maker LG Energy Solution Ltd. commanded the largest share of 28.5% in the global battery market excluding China in the first eight months of this year, according to SNE Research. Its battery usage jumped nearly 60% from the same period last year.

https://www.kedglobal.com/batteries/newsView/ked202310200021

In these troubled times, could the supreme court send a strong signal in favour of onshore production?

Should learn more quite soon now.

Just unfiltered Stevesandwhoelse's?

No comment, back on filter again.

The world hasn't stood still while the UK has indulged in Brexit.

The UK cannot afford to waste any more precious time debating the issue, it has been settled, at least for this generation.

(After much debate with myself, I voted to remain).

Gets a brief article on the Markets page of the Times, p52:

"Graphite added to China's export limits

Beijing will require special export permits for 3 grades of graphite, which is used in almost all electric-vehicle batteries, in retaliation for US-led restrictions on the sale of advanced AI chips to Chinese companies ... The curbs are similar to those in place since August for gallium and germanium, 2 key chipmaking metals. The restrictions have cut exports of those metals recently and have pushed up prices outside of the country".

Https://www.reuters.com/world/china/china-require-export-permits-some-graphite-products-dec-1-2023-10-20/#:~:text=BEIJING%2C%20Oct%2020%20(Reuters),over%20its%20global%20manufacturing%20dominance.

With nearly 150 years of expertise, our 12,000+ community of engineers, scientists, technologists, operators, business specialists and on-site crew support customers in surface and underground mines, quarry, construction, and oil and gas operations.

(the first blasting at Clogau since 1999).

So should return from suspension very soon. In their accounts RNS they state:

... The farm-in agreement is not yet unconditional, but Pennpetro is hopeful that the Horse Hill Development partners will sanction the Pennpetro involvement.

PPP's accounts published, then return from suspension (not yet confirmed in an RNS).

Need for the HH farm-in to become unconditional so agreement of HHDL's non-controlling interests (principally, Alba) remains to be obtained.

Supreme court judgement in the Finch v Surry CC case still to come.

Additionally, and in a very exciting development for the Company, we also executed on 28 March 2023 a farm-in agreement with UKOG Limited and Horse Hill Developments Limited, both subsidiaries of UK Oil & Gas Plc, to drill the next infill oil production well at Horse Hill Oil Field - the Horse Hill 3 well. This field, just to the north of London's Gatwick Airport, continues to produce 35deg to 41deg degree API sweet quality oil from the discovery well, and according to UKOG, the HH-1 well production to mid-March 2023 totalled over 185,000 barrels. Pennpetro must undertake a new 3D seismic programme over Horse Hill as a prerequisite to drilling HH-3. The farm-in agreement is not yet unconditional, but Pennpetro is hopeful that the Horse Hill Development partners will sanction the Pennpetro involvement.

Pleased to see

@pennpetro

accounts published this morning. Onwards and upwards as they say. It certainly hasn’t stopped our efforts to get #oil production going in Texas. 🛢️#PPP Lots happening at the moment. Read previous news releases for guidance on that.

Massive divergences across international energy and gas demand outlooks vis-à-vis low investments in natural gas, low carbon and renewable gases, fuels risk of worsened energy shocks toward 2030 and beyond.

https://www.igu.org/resources/global-gas-report-2023-edition/

The UK needs gas and will continue to need gas for a long time. Some news about Loxley would be most welcome.

"Ocelot, if you need people like me to tell you then you are seriously out of your depth, and should go invest your money in M & S or something".

I was asking YOU for your opinion. Thank you for your response.

... it is mostly about trading the "potential" near term upside, ...

So how do you determine the potential near term upside, Bubblepoint?