Member Info for ocelot

It's been grossly undervalued for ages, imho, ignoring the book value of its net assets (about 0.17p), the Loxley CPR figure of £124m (although that needs to be adjusted for the evolution of the gas price), the potential of its partnership in Basur-Resan, ...

A target price bracket of 0.50 - 1.00p does not appear unreasonable to me given what we know now.

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 02/05/23)

Believe they have the team and the balance sheet in place to pursue these opportunities.

SRBS,
Don't forget the expansion of the capital base since 2017.
In 2017, 11p per share meant a market cap in excess of £300m.
Today, the same share price would mean a market cap in excess of £2.2bn.

Looking good again.
@UKOGlistedonAIM
#UKOG #oil
22 hours ago.

In fact, a good number of posts have gone, not just those of Push2.

Yes, had enough of all the attacks, presumably.

Gold vaulted to its highest in more than a year on renewed haven demand.

Bullion traded above $2,050 after rallying almost 4% since Monday’s close.
The precious metal is now within range of its all-time high of $2,075.47, reached in August 2020.
Nicholas Frappell at ABC Refinery said prices may consolidate in the very short term, but there’s likely to be “a decent attack on the $2,075 double-top area.”

Must put the "whopper" of 50m into context. The day's total volume is showing on the rival site at 841.8m shares.

Looks like a sell to me, too.

Over the last 8 trading days, it is more than 76.5% of UKOG's total issued capital that has been traded.

from 15:39:49.

Yes, it does!

There's more work to do, wishing them all the best in their endeavours.

They do seem to be looking in more or less the right place. We can only hope their efforts meet with success.

dilara,

The region certainly looks to be more promising than I had appreciated and UKOG and AME's licence area well-chosen.

Erdogan stated that Türkiye is located in a strategically important region with the world's largest oil deposits, but the country, with oil and gas gushing right next to it, could not benefit from the richness of this geography for years due to the terror threat in the region.

front month, June, at 84.40p but Winter 23 at 144.19p and Winter 24 at 147p.

1/ Hello, following the recent planning approval, when can shareholders reasonably expect progress/activity at your Balcombe site? Thank you Asked on 1 April 2023

We have a number of commercial and planning issues still to complete before activities can commence and our technical team has been 100% focused on SFB. We will update the market on this matter in due course.

2/ Can we expect an update as to the developments Angus has in store for expansion in 2023? The infographics with timelines are useful for presenting information such as this. Asked on 31 January 2023

Thanks. They are a useful tool and we shall use them more often. When this sidetrack is behind us, we will set out our aims.

https://www.barchart.com/stocks/quotes/UKOG.LN/opinion

TURKEY TEST: Plans for conventional cased hole flow test operation underway. The proposed test zone corresponds to a 12-hour period of strong oil odour at surface and recovery of light c. 38° API oil within fluids returned to surface. #oil #AIM https://tinyurl.com/mr4b4rb6

The pieces are falling into place. Onwards and upwards.

Signs of a change in sentiment towards the stock this morning.