Member Info for ocelot

HHDL was put together in order to advance HH.

Can SS achieve something similar in order to advance Portland?

At this early stage, a chair at the table would be the equivalent of option money.

Without your presence, that of Mullins and a few others, I have no posts to read!

To you, too, Celiac.

But it's not too late because, as you can see, your earlier posts have been deleted but you are still free to post.

So be nice, Celiac, make your points but try to calm down some of your language.

For interest, given that Angus have provided us with up-to-date figures themselves.

"New monthly high for gas production at Saltfleetby, pushing up UK onshore volumes in July 2023 to the highest level for four years ...".

https://drillordrop.com/2023/10/03/uk-onshore-oil-and-gas-production-in-charts-july-2023/

Bubblepoint,

Malcy does have decades of experience in the sector and he does get to meet with some of the CEOs in person.

Monica is doubtless charming but, to be a pedant, the word in this instance should be moniker.

That's a very positive comment from Malcy.

Thank you, Malcy, and thank you FlagStaffIR for posting it.

Can only hope you are on to something, Celiac, but, for UKOG, it was a most unusual tweet: it was, effectively, just a few self-promotional words when UKOG's tweets usually contain more substance.

It raises the question: is the tweet in the nature of a PR exercise or is there anything more potentially underlying it?

UK Energy Storage: We're Powering Britain

.

ANGS is, and will be judged on results and delivery, not 'progress'.

Point taken, Crocqman, but, as we all know, delivery doesn't just happen, it does need to be prepared.

Work on the previously announced global refinance of the Company's debt is well advanced, with a new reservoir model and production forecasts in the process of being finalized for lenders.

That sounds like serious progress is being made.

There is another outstanding court judgement which indirectly concerns UKOG and could come through any time in the new court session:

Angus awaits a judgement re Balcombe, a horizontal well into the Kimmeridge which (briefly) flowed encouragingly.

Please provide an update on the global financing, was it not due to be arranged by now? Thanks Asked on 2 October 2023

Work on the global financing is ongoing and we expect to be able to update investors on progress very soon. As part of this effort, we announced last week the conversion of £3 million of bridge debt into equity, reducing our leverage and avoiding expensive roll fees and future interest payments on that debt.

May we ask when we might see a ROI on our investments in the company?

The share price appears to be on the decline. Asked on 2 October 2023

The share price has been underperforming largely because of uncertainty around the short-term debt which the Company took on earlier this year to fund a shortfall in our hedge payments in 2022 and cost overruns on the drilling of the B7 sidetrack. We announced last week the conversion of £3 million of that debt into equity and are actively working to refinance the remaining £6 million bridge loan before the end of this year. We expect to update the market on our progress with the refinance soon. We believe the successful refinancing of Angus’s debt, combined with the strong cash generation potential of Saltfleetby Field and the long-term potential for gas storage will see a re-rating in the share price.

Https://www.angusenergy.co.uk/media/investor-questions/

In good company:

https://ueso.co.uk/members

Yes, couple of 2m trades, at 0.64p and 0.65p, both in the 16:25s.