Member Info for ocelot

Just to be worth a penny each the company would have to be valued at over £5 billion.
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That doesn't look right at all.

I make £5bn about 28p per share.

and, in another sign of healthier markets, Bitcoin has risen above $24,000.

Is it time to start looking for cheap bargains that are being left behind?

on to 10,000, way behind rival markets.

It's possible Sarah Finch is doing us all a service, by helping to clarify precisely what the law is.

Demand for #graphite is accelerating says
@IEA
adding that the world will need 8-25x more flake graphite from 2020-2040; #ALBA has a 50.6% interest in #GROC,
@GreenRocMining
which is advancing a world-leading graphite asset:

UKOG previously focussed primarily on oil and gas assets located in the Weald Basin in southern England. However, in 2021 UKOG entered into an agreement with operator Aladdin Middle East Ltd to acquire a 50% interest in the 305 km² Resan Licence in the Republic of Turkey.

In May 2022, the Company’s wholly-owned subsidiary, UK Energy Storage Ltd (UKEn), signed an Agreement to Lease with Portland Port Limited covering two sites at the former Royal Navy port in Dorset, ...
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UKOG's share price remains to begin its recovery from its protracted decline but the company's profile has shifted considerably during the last couple of years.

Under the terms of the agreement, Angus Energy will pay a cash amount in two parts as set out below along with the costs of the well test program of Balcombe-2Z. If the results of the well test are determined successful, the Company will assume the associated costs of a Field Development Plan ("FDP") submission to the Oil & Gas Authority ("OGA"). (RNS of 22/01/18)

https://polaris.brighterir.com/public/angus_energy/news/rns/story/w6z0qgr

23. The Government’s hydrogen strategy and subsequent updates to the market provide a framework with an intention for further consultations rather than early or firm decisions. The Government’s understandable desire to keep its options open pending market and technological developments may not provide the clarity that investors require to proceed. The Government needs to trade the risk of failing to meet Net Zero if decisions on how to reach it are not taken soon enough against the risk of pursuing unproven technologies or solutions that are not cost-effective which would then set the UK back at a later stage. Alongside the series of decision points between now and 2050 required to determine the role of hydrogen in the UK, the Government should, in its response to this Report, set out clear criteria to identify the potential role of hydrogen in each sector. (Paragraph 177)

Hydrogen applications
8. Energy storage for electricity generation is widely recognised as an important component of the Net Zero economy, and there are several potential technologies available for energy storage. Hydrogen has unique features as a means of energy storage, since as a clean-burning gas it can be transported through existing infrastructure and stored safely for long periods of time, if necessary. We welcome the Government’s recognition of the potential role of hydrogen as an important means of energy storage. The Government should continue to provide the necessary policy support and infrastructure for grid-scale energy storage technologies ...

A good call for Angus and the EWT should provide something very good for the company.

The market's attention seemed to be absorbed by Saltfleetby today, but Angus and its partners have done well to stick to their guns and achieve this result.

Malcy's comment (thanks to FlagStaffIR on the Angus board):

A good call for Angus and the EWT should provide something very good for the company.

My addition: in that case, it could provide something with very positive implications for UKOG, too

The Portland write-up was "coming soon" and has now arrived.

... Since execution of the agreement, UKEn has:

Carried out site activities to confirm ground conditions.
Pursued the lease of the required subsurface mining and mineral rights with the Crown Estate.
Initiated planning and other regulatory activities, with a detailed review of planning requirements, the DCO process and related activities such as approvals required for the pipelines and other ancillaries.
Prepared an overall work programme and budget to achieve the Development Consent Order (DCO).
Conducted high level engagement with Government and potential future stakeholders.
Technical reviews and studies are underway, including an update of the original salt cavern design, plus overall development engineering and commercials.

https://www.ukogplc.com/page.php?pID=147

https://www.gov.uk/government/news/new-uk-certification-to-boost-british-hydrogen-sector

(published 5 days ago)

From the first of Bluejay's 2 RNSs of this morning, that of the Chairman's Strategic Review:

" ... the minerals industry landscape in Greenland is fast developing and mining in Greenland is achieving wider acceptance".

Australian. Lucas and Quadrilla are linked.

active so far this session: 16.1m shares traded now.

8.0m traded already.

... The Kimmeridge oil potential appears to be regionally extensive with thick sections of high total organic carbon (“TOC”) shale with limestone beds; all of which are naturally fractured. To date, oil has also flowed from all three exploration wells that has tested the KL. At present, significant additional work is required to determine the development potential of these reservoirs. (UKOG's website, Broadford Bridge).

So let's see how Angus get on at Balcombe.

60. In my overall judgement, the national need is the overriding consideration and
furthermore amounts to the requisite exceptional justification for permitting
this major development within the High Weald AONB.
61. I accordingly conclude that this appeal should be allowed and that the planning
permission sought should be granted, subject to the conditions discussed
above and set out in the Schedule appended below.

50. There remains a significant national need for onshore hydrocarbon exploration
and assessment for considerable time to come. This weighs greatly in favour of
this appeal, given also the great policy weight still attributed nationally to the
benefits of mineral extraction.