Member Info for ocelot

Sounds encouraging, SizeOfAcorns, many thanks.

Singhie,

The Soviet Union collapsed nearly 32 years ago, I was wondering why you wrote of Russia as being "red".

Facts not emotion, thems the realities!!!!!!!!!

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Thems your realities, Singhie, nobody's else's.

Nobody can predict how Russia will evolve. You speak of the installation of a Liberal regime, but that is your personal guess. It could go the other way and the hardliners take control, at which point the world might come to regret Putin.

For the present, HHDL's non-controlling interests (ie. principally, Alba) have not agreed to the terms of the proposed farm-in involving PPP.

David Lenigas has posted on what was twitter a 90-minute interview.

Could he be raising his profile with a view to raising some new funds?

If there is no agreement on the proposed terms of the farm-in, what happens next?

In his interview, DL spoke of the funds he has raised during his career.

I wonder if he is raising his profile ahead of seeking to raise new funds.

Quire Obviously if Sterling appreciated to US$1.75 per GB£ from the current US$1.25 deflation results and that facilitates the scope for significant cutting of interest Rates by the central bank,

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That would be the equivalent of Liz Truss all over again, the FTSE100 would crash.

Exit Brexit stuff.

Greenroc attending FastMarkets European Battery Raw Materials Conference 2023

GreenRoc Mining plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, is pleased to announce that Chief Executive Officer Stefan Bernstein will be attending the Fastmarkets European Battery Raw Materials Conference, Amsterdam.

https://www.fastmarkets.com/newgen/europeanbrm/*

On Wednesday 20(th,) at 12:25pm, Mr Bernstein will take part in a panel discussion entitled 'When will graphite flake be back in deficit?', which will explore the future of the European graphite market ...

Https://drillordrop.com/2023/09/13/profits-down-at-star-energy-and-union-jack/

Has re-posted his 90-minute interview on the site formerly known as twitter.

Is there a reason he is looking to raise his profile at the present time?

The EU has been built on the assumption EU governments will be of the centre left or centre right.

That has generally been the case all through its existence to date but ... what happens if the extreme right make further inroads?

Https://www.ice.com/products/910/UK-NBP-Natural-Gas-Futures/data?marketId=5508886

Just watched an interview with David Bramhill of UJO.

Sitting on a healthy cash pile but unimpressed by the Levy and how slow things are taking in the UK, so it sounds as if he is studying opportunities elsewhere.

Don't know him at all but he came across as a straight-talker.

If SCC lose, the potential ramifications could spread out well beyond the oil and gas industry to the economy as a whole.

Agreement still to be finalised:

In March 2023, the majority licence holder of the Horse Hill Oil Field in Surry, England, UKOG Plc, announced the terms of a proposed farmout arrangement to a third-party group which would fund a seismic survey at Horse Hill. The farmout is subject to approval by the shareholders of the operator of the field, Horse Hill Developments Limited, including Alba. As at the date of this report, the shareholders have not approved the farmout. (from Alba's interim report RNS of 17/08)

Indeed, there is potential uplift in the valuation of net assets not just in Loxley but also in HH, if one reads PPP's presentation of HH in its farm-in RNS of 28/03/23:

It should be noted that the total HH-1 Portland production to date potentially leaves around 1.36 million barrels of the estimated mid-case recoverable Portland resource available to infill drilling and remaining HH-1 production ...

Note: the net assets figure at 31/03/23 of about 0.164p per share (my post of 09:32) are book net assets, no allowance is included for, say, the valuation of Loxley's potential.

Bubblepoint,

£250k is a very useful annual cost saving.

Those net assets = about 0.164p per share.

Net assets at 31/03/23: £34.678m

current market cap: about £7.8m

discount: about 77.5%