Member Info for ocelot

... so their ambitions go beyond a market cap of £100m.

... a key target to attract EVEN THE FIRST WAVE of institutional interest ...

The clear implication is that their ambition is to attract MORE THAN the first wave of institutional interest.

Not sure about that, Noobz.

The downside risk at this share price is low, the potential upside reward on the grant of the permits disproportionately higher.

The Namurian reservoir, which sits below the Westphalian from which the Company currently extracts natural gas, has produced 1.5 bcf to date but a very wide variation of gas in place exists between our own recent CPRs and internal estimates by previous Operators, Gazprom-Wintershall and Roc Oil. To date no detailed interpretation of the Namurian, independent from the Westphalian, has been undertaken and accordingly a full third party re-interpretation of both reservoirs is presently underway, expected to complete in October.

Sounds intriguing and promising.

Currently showing up 10.4% at 63.56p:

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

Year end of 30/09 so the last published annual report.

Re the Namurian:

... the Namurian, which is not yet well understood or fully interpreted despite past recoveries of 1.5 bcf, with at least a reasonable prospect of more commercial recoveries of gas from that same reservoir and without interrupting simultaneous extraction in the Westphalian.

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

Https://www.voxmarkets.co.uk/media/6475c18c932d79c20dbebf63/

Without debt, a good part of UK private wealth would disappear in an almighty housing price crash!

Anomalous pricing: Summer 24 is at 105.75p whereas June of this year is at 58p.

https://www.theice.com/products/910/UK-NBP-Natural-Gas-Futures/data?marketId=5419493

... to date, tests have not yet been able to assess the potential of the zones associated with the 12 hours of strong crude oil odour and oil at surface as previously reported on May 3(rd) , 2023. (RNS of 23/05, 1 week ago today).

12 hours suggests (to me, at least) the presence of oil in quite some quantity.

Is it concentrated in 1 specific area or is it more widespread?

Is it there in commercial quantity?

We await further developments.

It's where the market can help Alba.

Get behind the share price and the company is better placed to contribute to, and accelerate, development funding, including that of Greenroc.

"EU agencies ERMA and EIT Raw Materials have named Amitsoq as a deposit of "global importance". (p9)

Yes, funding will be required to bring Amitsoq to production, but that is still a most impressive accolade.

Alba's 2 principal assets are of very high quality.

P11: "Company has assessed large number of new project opportunities in last 12 months

Focus remains on securing a complementary asset to help drive serious growth for shareholders into the future

I thought ANGS might be interested in UKOG's suggested farm-in at Loxley.

Less convinced after this morning's RNS, Saltfleetby appears to offer more possibilities for future development than I had appreciated.

P12: "Alba prepared to mobilise to site once Clogau permits granted"

Https://www.albamineralresources.com/wp-content/uploads/2023/05/20230526-Alba-AGM-FINAL-1.pdf

p4: "All queries on EPSL application and HRA believed by Alba to have been addressed - awaiting confirmation from NRW"

To advance this, the Company has also engaged planning consultants to submit a further planning permission for an expanded site at Saltfleetby to encompass A NUMBER OF NEW WELLS and process plant.

I did unfilter HITS, have now filtered him again.

I acknowledge my mistake, I was thinking in terms of financial debt alone.