Member Info for ocelot

Whilst we will continue to win a return from legacy oil fields, the preference remains for the acquisition of gas assets, but the company has widened the net to included sustainable energy projects. One such example is our Deep Geothermal Project, ...

Doesn't give much away concerning any future acquisitions.

... or make an offer for the project, of course.

As GROC's production plans take on increasing credibility, the gap between the potential value of the project and GROC's market cap will become increasingly stark.

The temptation will be there for a player to come in and make an offer for the company.

03:27-:

"... the MOU is quite broad so there is also options for bringing in capital to finance part of the work programmes going forward at Amitsoq".

Progressing very well: recognition by a major company in mining construction, gesture of appreciation for their efforts by the government of Greenland.

Britain’s National Grid Plc called on a new back-up coal-fired reserve to generate power for the first time, after the market failed to provide enough electricity during the worst supply crunch this winter.

It’s a first for the grid operator, which was asked by the British government to maintain coal-fired power supply to cope with a historic energy crisis. Last year, it paid five coal units that were scheduled for closure to stay available this winter in case the wholesale market couldn’t meet demand.

Tuesday’s conditions of low wind, high demand and a dearth of imports due to strikes by power-station workers in France left the grid struggling to maintain a safe buffer, also known as an operational margin. Temperatures in London plunged as much as 5.1C (9.2F) below normal, while wind generation slumped to provide just 14% of the nation’s power capacity, according to grid data.

The grid operator called on Electricite de France SA’s two contingency units at West Burton A station in England to generate power on Tuesday to secure an adequate buffer to meet demand. One of those units has started up ...

https://www.bloomberg.com/news/articles/2023-03-07/uk-grid-uses-back-up-coal-plant-for-first-time-to-secure-supply?srnd=premium-europe&sref=Em01M8Hr

Development of the field includes the drilling of new side-tracks, and also investigating the potential of the Southern Lobe.

Website, What We Do, Saltfleetby Field)

Official Twitter account of UK Oil & Gas PLC, operator of well sites in the Weald Basin, investor in Turkey and team behind the Portland Port Hydrogen Hub

It hasn't been recognised in the share price to date, but the focus of UKOG's business has shifted considerably in the last couple of years.

wizard,

Your comment about Turkey drilling being fully funded is an important one, it's the first time in a long time UKOG does not appear to be under any immediate cash pressure.

Congratulations to Stefan Bernstein and all the team at GROC and at Alba!

Thank you for your post, Robbie2017.

Looking forward to the resumption of work in Turkey.

Will Pinarova-1 provide them with an inexpensive source of cash flow? Not much longer to wait now.

Don't think it was commented upon yesterday but, with this further placing, Alba's stake has slipped well below the 50% threshold.

This morning's RNS represents a major step forward for Amitsoq (and possibly other Greenland assets) and its cediblity.

Just realised, godehtolam = malothedog in reverse.

Did malothedog get banned? I had him on filter where his reverse persona can join him.

Yes, UKOG has come out of its corner in fighting form this year, SS clearly believes there is a message to be promoted to the market.

From Citywire's round-up of the press:

The Times: Shell’s new chief executive Wael Sawan is considering ditching plans to reduce its oil output this decade, declaring that it is ‘not healthy’ to cut production.

"I am of the firm view that the world will need oil and gas for a long time to come. As such, cutting oil and gas production is not healthy".

From Citywire's round-up of the press:

The Times: Shell’s new chief executive Wael Sawan is considering ditching plans to reduce its oil output this decade, declaring that it is ‘not healthy’ to cut production.

"I am of the firm view that the world will need oil and gas for a long time to come. As such, cutting oil and gas production is not healthy".

The biggest trade of the day, 1,657,100 shares, went through at the UT price of 1.60p after hours at 17:05:34.

+0.05p that is!