Member Info for ocelot

My question was a genuine one, I've been surprised that UJO's share price has not performed better.

Perhaps, Heid, but what is happening to UJO's share price?

Europe’s Gas Crunch Could Return as Goldman Sees Winter Spike
Prices could more than double, according to Goldman Sachs
Vitol expects tight market until new supplies start after 2026

https://www.bloomberg.com/news/articles/2023-05-02/europe-s-gas-crunch-could-return-as-goldman-sees-winter-spike?srnd=premium-europe&sref=Em01M8Hr

I expect most PIs on this board decide for themselves when it comes to their investments.

Looking forward to the next developments which, I believe, may be announced quite soon.

For myself, Saltfleetby is the first stage in the development of a "leading player in the aggregation, production and storage of energy".

It looks as if Thomas Smith has changed the broker for which he works, from OvalX to CMC Markets.

Appointment of Sole Broker

Alba Mineral Resources plc (LON: ALBA) is pleased to announce that CMC Markets UK Plc ("CMC Markets") has been appointed as the Company's sole broker with immediate effect.

No, there's a deleted trade in there, ie. a negative one, so just one trade of 24m shares.

1/ monetising its other oil assets,
2/ developing a long-term transition storage capability at Saltfleetby,
3/ progressing its geothermal programme and
4/ exploring other strategic opportunities.

Lots more to look forward to in the coming weeks and months.

We know Lidsey has been awaiting management to free up the necessary time.

Yes, I'll second that - well done to all involved and congratulations!

Ends thus:

... 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.

... 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.

Saltfleetby Field: Commissioning of B7T Well

Angus Energy (AIM: ANGS) is pleased to announce the commissioning of the recently drilled B7T sidetrack well at the Saltfleetby Field took place this morning. The well has been connected by a temporary flowline to the production facilities on the Saltfleetby site and processed gas is being delivered to the National Grid. At present the well is flowing at approximately 4 mmscfd with the B2 well at 2 mmscfd - each well's flow rate being intentionally restricted in order to allow for co-production within the capacity of a single compressor. The A4 well has been temporarily retired in order to facilitate the balancing of pressure and flow rates of the two other wells...

AME isn't quoted, it's a private company.

Boring, guys. Kiss and make up, please.

Don't think you're missing anything, noelpbz.

The reported loss is one that has been calculated in order to comply with accounting requirements.

It's the kind of figure any self-respecting financial analyst would add back in order to get a feel for ANGS's underlying figures.

In the drilling of the B7 sidetrack, among other learnings, we found that calcium carbonate as a bridging agent in the drilling mud is an exceedingly effective tool both against hole collapse and losses to the formation. Subsequent drilling programmes will benefit from this knowledge in terms of duration and cost.

see annual report, note 25 on p70:

1-Apr-23 30-Jun-23 843,750 3.1500

Yes, that would do nicely :-)

Angus is focused on becoming a leading player in the aggregation, production and storage of energy.
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The overnight Investor Question answers provide comfort that Angus can generate the necessary higher cash flow and share price on the way to the achievement of their ambition.