Member Info for ocelot

Https://www.bbc.co.uk/news/live/world-africa-66390790

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And how do you propose to tame oil, gas and electricity prices?

Seeking to refinance NOT "renegotiate"!

Not the case of the £12m facility which is the principal one they are seeking to renegotiate.

We know from past experience these debt negotiations take time - it's been about 2 months of work to date.

Comes up after registration for the webinar:

Please submit any questions to: kbrookes@voxmarkets.co.uk

No sign of the planned plant shut down yet.

"When will the new pipeline be installed and will this require a halt in production? Thanks Asked on 1 August 2023

Installation will take place during August with commissioning at the end of the month, coincident with a planned plant shut down".

From Pennpetro's presentation of HH in its RNS of 28/03/23:

... A 2018 Xodus CPR for UKOG estimated a gross mid case P50 Portland oil in place ("OIP") of 30 million barrels, with a corresponding mid-case 2C recoverable Contingent Resource of 1.5 million barrels. The estimated mid case 5% recovery factor being stated as in accord with other analogous fields in the Weald Basin. 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.

In addition to the 132,000 barrels of 35-36˚ API Portland continuous production, approximately 53,000 barrels of 41˚ API sweet crude were produced from multiple zones within the Kimmeridge limestones during production testing, before being shut in to allow for longer term Portland production. In 2015 a Schlumberger report calculated an estimated mean OIP of 8.262 billion barrels lying within the entire Kimmeridge section underlying the Licences. Note: OIP should not be construed as either recoverable Contingent resources or Reserves. The Kimmeridge therefore remains a potentially viable secondary production target at Horse Hill.

PS: the 2-page article on pp28-29 is entitled: "While America's economy roars ahead, Britain is weighed down".

Amongst many subjects covered, "years of dithering, protests and planning battles over whether to exploit UK shale resources" are mentioned.

also:

" ... Britain has the highest industrial electricity costs and the worst automation rate in the developed world", ie. "Cheap electricity is needed to make automation investments economical ...";

" ... the extraordinary cost of building infrastructure and of building and buying houses in the UK. High Speed Rail 2 is the most expensive high-speed line per mile of track in the world ...".

Editorial: "Fuel Follies".

Tears into the windfall tax. Concludes: "Both government and opposition should think again about Britain's energy needs"

Also, on page 28, graph showing how GDP per capita in the UK and the EU has been left in the starting gates by the US over the last 20 years.

"The FT asked: 'Is Britain really as poor as Mississippi?'. To which The Atlantic responded: 'Is Mississippi really as poor as Britain?"

It is so volatile, moving with each development in the labour negotiations in Australia:

https://www.ice.com/products/910/UK-NBP-Natural-Gas-Futures/data?marketId=5419497

HmmmNice,

A UKOG investor's lot is not a happy one, but its portfolio contains Pinarova-1, Loxley and HH, any or all of which could produce news in the near (ish) future

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The funding facility RNS of 2 days later, 28/06, said this:

-- Loxley gas discovery: discharge of planning conditions and preparations for site construction, plus a potential farmout to cover the planned appraisal and development programme,

Work has commenced to discharge planning conditions for Loxley after which site construction plans can proceed. It is anticipated that site construction will commence in the second half of 2023, with the drilling of Loxley-1 to follow in 2024.

Live Webinar Event

Alba Mineral Resources Plc (AIM: ALBA) is pleased to announce that the Company will be holding a live webinar on Wednesday 30 August 2023 at 10am, during which Chairman George Frangeskides will provide an update on the Company's activities across its asset and investment portfolio and answer questions.

To attend the event, which is being hosted by Vox Markets, please complete the registration details at:

https://us02web.zoom.us/webinar/register/WN_bffM6LQfRIKwAWKGM6XQPQ#/registration .

A little bit of pragmatic nous and understanding required.

Thank you for your post, ZYX098, I have accumulated 17 green boxes on this thread below your post.

About UKOG

UKOG, listed on AIM, is a forward-thinking energy company transitioning from oil and gas into the hydrogen energy space. Its portfolio includes the development of 40 billion cu feet of recoverable gas at Loxley, the UK onshore's largest remaining tested gas resource, stable oil production from Horse Hill and Horndean, plus the 305 km(2) Resan Licence in SE Turkey where the latest well targeting the shallow Pinarova structure, located beneath a recently discovered active surface oil seep, is expected to spud shortly. In May 2022 it announced its intention to build an integrated hydrogen hub, centred around the UK's largest planned underground salt cavern hydrogen storage facility, all strategically located in Southern England at Portland port in Dorset. It is a member of the Solent Hydrogen Cluster and is actively engaged with government on the future design and operating model of hydrogen storage.