Member Info for ocelot

If one looks at future prices, then June and July look to be the low points (67p, 66.65p respectively) and then prices begin to climb into the Winter months.

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

Wish there was a Rose & Crown at Pinarova so that we could check if AME's team are downing their pints in animated conversation!

Yes, expecting news quite soon, either through another tweet or an RNS.

PS: j8st taken a look at the GROC board for the first time in a while.

It has livened up, that is promising.

That there hasn't been an RNS (and given UKOG's long history of delaying the release of bad news as long as possible..) is far more likely indicative of bad news and that UKOG have been unable to persuade AME to let them word the RNS in the most favourable light possible.

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It's a 50:50 joint venture. Pinarova-1 is important for AME, too, it's at the centre of their exploration efforts this year and, if successful, should lead to a 2nd drill this year.

4 of them dated 16-17/05 including;

16/05: Mark Rachovides emeritus president of

@euromines

and board director of #GROC speaking to the needs of #investments in Europe’s extractive industries at the

@EITRawMaterials

Summit 2023, with over 800 attendees!

17/05: Thomas Lauridsen, the Chief Advisor of the Ministry of Mineral Resources and Justice, Greenland, explains that it is expected that very soon the EU will sign a partnership agreement concerning the supply of critical #rawmaterials with #Greenland at the

@EITRawMaterials

Summit ‘23

Re reserves, RH stated during the lse Q&E that they need to do more work on their geological model of Saltfleetby.

If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.

But are there enough ducks for commercial purposes? That is the question to be resolved.

Crocqman,

Our perspectives differ, as we both know.

Saltfleetby was always intended to be the first stage in the development of Angus, enabling it to become a cash-generating company.

That first stage has proven to be considerably more protracted than first envisaged.

Personally, I am looking forward to the next stage.

Best wishes to all invested, or contemplating investing, in Angus.

Volume of 14.7m shares at present.

Volume of 14.7m shares at present.

Angus's balance sheet looks healthy and conservative to me.

At 30/09/22, the loan payable totalled £11.55m (current: £5.25m; non current: £6.3m).

Since then, they have obtained £3m through the bridge facility with Aleph (RNSs of 02/03 and 28/03/23).

But their market cap is approaching £50m.

In theory, the potential to gear up is there.

With production now approaching a stable plateau, Angus management is now able to deploy time and resources to monetising its other oil assets, developing a long-term transition storage capability at Saltfleetby, progressing its geothermal programme and exploring other strategic opportunities. (RNS of 02/05)

Would be surprised if there are not further developments in the near(ish) future, there is quite a range from which to choose.

The market is out of the hands of management just as it is out of the hands of PIs.

It isn't just ANGS, the whole market has been, and is, under-performing.

Blame Brexit if you like, but the London market is currently not what it was.

Front month is off again and quoted at 68.35p.

Interestingly, Summer 26 is higher at 86p so maybe the front month reflects some have been caught out on the wrong foot.

https://www.ice.com/products/910/UK-NBP-Natural-Gas-Futures/data?marketId=6007282

If the share price goes too low, that may lead to Paul Forrest postponing any further sells until he can obtain a better price!

These things are dynamic, shareholders can respond to market circumstances.

Given SS's powers of perseverance, IF oil is present in commercial quantities, I would expect the partners to find it.

These barrow boys are also our large II holders.

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The"large II holders" are, in fact, nominee accounts for the holdings of all of us PIs. There is no II invested in UKOG at or above the 3% disclosure threshold.

"When this sidetrack is behind us, we will set out our aims".

Extract from answer to an Investor Question asked on 31/01. (There was no mention of the legacy oil assets in the lse Q&A).

Have you found the corresponding RNS?