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Put together (and unless I'm mistaken), those lines from the RNS sound as if ANGS are looking to up their stake in Balcombe.

The Company presently has a 25% interest in the Licence and is in discussions with the 75% majority partner regarding that interest and the work programme with regard to the project's various stages.

Richard Herbert, CEO, comments "The Kimmeridge reservoir at Balcombe is presently an unknown quantity, and now we are able to conduct the necessary flow testing to determine the potential to flow at commercial rates. We remain most mindful of the concerns of local residents in our common pursuit, in a safe and responsible manner, of a diverse source of domestically-sourced energy as against higher carbon footprint imports."

Should help the negotiations re the new debt facility.

The HH farm-out needs the agreement of HHDL's minority shareholders before it can progress: for the present, it lacks that agreement.

Perhaps there's a wider, strategy RNS in the offing.

Good to see them undertaking field reconnaissance work, this time at the Caerwych mine site.

They do seem to have very many prospects to explore across their licence areas.

"... the possibility of price spikes as geopolitical tensions and the potential for cold snaps remain ...

And this was before the horrible developments in Israel and Gaza of the last long week.

UKEN HOLDING LIMITED

Company number 14880485

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Registered office address

Hill Dickinson Llp 7th Floor, The Broadgate Tower, 20 Primrose Street, London, United Kingdom, EC2A 2EW

Company status

Active

Company type

Private limited Company

Incorporated on

19 May 2023

Https://oilprice.com/Alternative-Energy/Renewable-Energy/UK-Government-Must-Do-More-To-Boost-Hydrogen-Investment.html

+ $58.97 at $1,927.87

Https://drillordrop.com/2023/10/13/balcombe-oil-test-challenge-refused/

On climate change (ground 5), she said:

“There is no requirement, whether in statute or caselaw, that every planning decision has to expressly refer to or quantify the GHG [greenhouse gas] emissions that will result. Climate change is likely to be a material consideration in every planning decision given the policy context as well as the much wider issues, but that does not mean that every decision has to have reference to specific figures or assessment.”

https://drillordrop.com/2023/10/13/balcombe-oil-test-challenge-refused/

138.98p at the close.

https://www.ice.com/products/910/UK-NBP-Natural-Gas-Futures/data?marketId=5508885

Scroll down and there isn't that much difference in prices between the Winter months and those of Summer and Q3 24.

... in a judgment in July, Mrs Justice Steyn said climate change "was not one of the main issues at the Dunsfold inquiry" and that Surrey's climate change strategy was "not predicated upon restricting hydrocarbon exploration".

Reminder: Balcombe is a horizontal into the Kimmeridge where Angus is looking to undertake an extended well test after the well flowed encouragingly, if only briefly, during an initial test.

Https://www.bbc.co.uk/news/articles/cgl3d4182d9o

At a glance

A residents’ group in Balcombe has lost a High Court challenge against a decision to allow fuel drilling

The Frack Free Balcombe Residents Association brought legal action after approval was given for exploratory drilling near Balcombe

Mrs Justice Lieven dismissed the challenge in a ruling on Friday

The problem is, there is almost no retail interest to buy such quantities, ...

Well that solves that one, Bubblepoint, he can't sell without someone to sell to!

But, personally, believe he is looking for a higher price level than the present one (always assuming he is looking to reduce further his holding, of course).

Bubblepoint,

I thought the new flowline is about reducing costs.

Re Paul Forrest's holding: to date, there are no signs whatsoever he is contemplating selling any stock at current share price levels.