Member Info for ocelot

Can't always agree on everything with everybody, no problem, that's life.

Re the figures you request: I am sure you can pull them out for yourself, if they are of interest to you.

PS: I also appreciate Adrian's coverage of developments at Horse Hill.

Trutti,

I think Adrian's heart is in the right place.

I would prefer the board focuses on UKOG instead of always raising the subject of Adrian.

Https://drillordrop.com/2023/06/08/minister-breached-rules-in-approving-dunsfold-gas-site-court-told/

I can see the subject-title already exists, but I can't see any link, given the thread was started by a green box.

The spread between Europe’s natural gas prices for this winter and next is widening, signaling near-term risks are easing but greater uncertainty ahead.

Futures for December 2023 are trading at a discount of about 8% to December 2024, according to ICE Endex data. That’s a reversal from January, when the nearest winter contract traded at a premium.

The shift indicates Europe is relatively well-prepared for the coming heating season following a mild winter that allowed it to build up inventories with an influx of liquefied natural gas. But the coming years are more uncertain, as the region adjusts to a new reality with scant help from former top supplier Russia.

Winter next year “feels more risky,” said Nick Campbell, a director at consultant Inspired Energy. It will be too soon to benefit from additional flows of LNG from the US — scheduled to come online starting 2026 — and the weather can’t stay mild forever. A cold winter this year could potentially lower storage balances ahead of next summer, he said ...

https://www.bloomberg.com/news/articles/2023-06-08/europe-s-gas-prices-show-shift-in-risk-to-winter-next-year?srnd=premium-europe&sref=Em01M8Hr

Snap!

Https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5419492

GROC is tantalisingly close to a break-out on the upside.

If that was to happen, it's hard to believe Alba's share would not appreciate, too.

Https://drillordrop.com/2023/06/07/gas-scheme-in-chancellors-constituency-in-high-court-challenge/

("UKOG" or the "Company")

Loxley High Court hearing

Further to our RNS of 3 March 2023, Counsels representing UK Oil & Gas plc and the Secretary of State will today defend a further High Court hearing brought about by opponents of the Company's conventional blue hydrogen feedstock project at Loxley in Surrey. The Company and its counsel remain firmly of the opinion that the Secretary of State's decision to grant planning consent for the Loxley project was entirely lawful. A judgement is expected to be handed down later in the summer. Full planning and environmental consents remain in force.

Forum Energy Services Limited 10.46%

Kemexon Ltd 8.78%

Aleph Fin C Limited 7.86%

Knowe Properties 6.73%

The above information was accurate as at 24 April 2023 and is based on TR1 notifications received by the Company.

Who knows?

Maybe after the disappointment of the share price's initial reaction to the increased and steady flow of the sidetrack, investor nerves will settle and an appreciation of what Angus has achieved and of its prospects will prompt new buying?

An RNS should arrive before the testing operation:

"A further update will follow when the date of testing operation resumption becomes clear". (RNS of 23/05)

Closed up 6.7% at 5.55p.

In Angus's case, the sidetrack took considerably longer to flow than planned.

In addition, they are now seeking to assess in more detail the potential of the lower, Namurian reservoir, suggesting the overall potential of Saltfleetby may be greater than originally assumed.

The Loxley regulatory and legal saga has been a protracted one, it will be very good to arrive at its conclusion.

Your posts, Silvesta, make for a refreshing change: most of the posters on here who are against fossil fuels do not openly admit it.

Unwillingness to commit before all becomes clear re dewatering, presumably.

Think that hesitation may prove expensive, because it is high unlikely the share price will remain where it is when that clarification comes through. On the contrary, we know from past experience that Alba's shares can move very quickly on occasions.

ZYX098,

All I know is that David Lenigas did make the comment and that Angus were very pleased with the employment of a new mud at Saltflleetby after initially encountering problems with the sidetrack at Saltflleetby.

It was speculation on my part to link the two strands.

Thank you for this, ZYX098.

Will leave the subject to those with greater technical understanding than myself.

As I understand it, previous attempted sidetracks at Saltfleetby had also posed problems.