Member Info for ocelot

Yes, effective in installing the new permanent flowline and, hopefully, in securing the new debt facility.

George Lucan has notified the Board of his intention to step down as Executive Chair with effect from 14(th) August 2023. The search for a new non-executive Chair has been initiated. (RNS of 14/07)

Reminder that we await the appointment of the new non-exec Chair.

Think the share price is still coming to terms with the change of management and of management styles, RH's being less effusive than that of GL.

But, as RH is shown to be effective, expect confidence in the share to pick up.

140.69p

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

19 mins ago re the Pinarova news

20hours ago:

UK Energy Storage Ltd: Stephen Sanderson enjoyed a positive hour-long meeting with hydrogen minister Lord Callanan yesterday. “He was very supportive of our hydrogen storage project at Portland in Dorset,” said chief exec Sanderson. #renewables #cleanenergy

Alba have said that, to date, they have not agreed to the farm-in, so there is no doubt the agreement needs to be amended.

In about 4 weeks time, it will be approaching 6 months since the RNS of 23/05, agreed.

Good to receive an update, it's what we've all been asking for.

I hadn't appreciated the well is about 1.5kms distant from the seep.

Singhie,

My real concern about the EU is a political one: it has been set up and developed on the assumption governments of the principal member countries will be of the centre right or centre left and will be democrats.

What happens if the whole thing swings towards the extreme right?

From point 15:

"Brexit probably makes Britain a more important country with a greater voice on strategic security matters, because it's not about the fact that the EU is larger, it's about the fact that the EU is way behind".

+14.5% at 133.54p.

+ 13.8% at 132.75p:

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

Hi, Is the new permanent flowline at Saltfleetby still set to be commissioned in early October? Asked on 2 October 2023

As previously reported, engineering work for the installation of the permanent flowline is underway. Civil engineering work has been completed and fabrication of the flowline is well advanced. We had hoped to install and commission the flowline at the beginning of September, but contractor delays have pushed completion of the work into October. We plan to update investors on the timeline for commissioning of the permanent flowline soon.

As do you insipidbonce?

Gosh, somebody's gone to a lot of trouble to think up that one :-)

It's an albatross that hangs around the neck, isn't it?

Not so archaic, used to this day in church services.

Moving on up, Singhie's forecast gas revenue for the month is now above £2m:

F/C Net Monthly Saltfleetby Gas Rev = £2,005,716

From Angus's web site:

Angus Energy tested the Balcombe 2Z well in the Autumn of 2018 and achieved strong oil flow rates to surface. However, the oil production rates were restricted by drilling fluids not totally recovered from the well. The company intends to return to the site to recover remaining drilling fluids and carry out an Extended Well Test to prove up the commercial potential of the field.

Angus Energy submitted a planning application to West Sussex County Council (WSCC), in 2020, to perform an Extended Well Test on the Balcombe 2Z well. The project should generate significant cash flow for the company, ...

Judgement could come through any time now.

Is management awaiting that judgement before determining/finalising its strategy re the legacy oil assets?

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