Member Info for ocelot

It was just the other day it got above $21,000.

European natural gas prices rebounded as traders weighed the risk of demand picking up in some industries following a recent slump.

Benchmark futures jumped as much as 11% on Friday, erasing an earlier decline. While storage levels in the region are far above seasonal norms and imports of liquefied natural gas continue, a current cold spell is raising consumption. Traders are also closely watching competition with Asia for the fuel as global market remains tight ...

“While the healthy storage and ongoing plentiful LNG situation is pushing the market lower, we are hitting resistance from potential industrial demand kicking back-in,” said Tom Marzec-Manser, head of gas analytics at ICIS in London. He noted that ammonia production in Europe is now profitable again, which could lead to greater consumption ...

https://www.bloomberg.com/news/articles/2023-01-20/europe-gas-set-for-longest-run-of-weekly-losses-since-early-2020?sref=Em01M8Hr

But it is unlikely UKOG would wish to do anything to precipitate the reimbursement of the advances made to HHDL by Alba and Doriemus.

just to qualify my post below:

GF did raise the possibility of a farm-out of HH towards the end of a video last year. Alba's stake could be sold, in whole or in part, in such a deal.

From UKOG's 20/21 annual report p63:

At 30 September 2021, the outstanding loan balances owed to HHDL’s shareholders were; Alba Mineral
Resources PLC (Alba) £2.52 million (2020: £2.52m), Doriemus PLC (Doremius) £0.57 million (2020: £0.57) and UK
Oil & Gas Plc £16.59 million (2020: £16.03m). The loans are payable on determination by the Board of HHDL. The
loans currently attract an interest rate equivalent to the Bank of England base rate, which was 0.1% during the
year.

Don't think it's realistic to talk of selling the stake in HH. The most obvious potential buyer would be the operator, HHDL, but HHDL is controlled by UKOG and UKOG has other destinations for its cash.

... In fact, the surrender frees up both expenditure and manpower for Alba's principal assets, namely its 100% owned Welsh gold projects, supporting the long-term growth of its investee company GreenRoc Mining Plc, and other potential growth opportunities for the Company.

"other potential growth opportunities". Limerick has gone, but other potential growth opportunities may arise.

Wish the team at Angus all the best in their endeavours.

Very positive RNS. GROC and Alba both continue to be way under-appreciated by the market.

+ $25.16 at $1,929.27

+ $17.54 at $1,921.65.

Seems to have dramatically reduced the number of posts on the board.

Have him on filter but has Skwizz been put in the sin bin? No post from him since 9.45am yesterday.

Angus's website shows 28.98% held by 3 significant shareholders.

GL has said that about another 10% is held in firm hands below the 3% disclosure threshold.

The float is, therefore, of the order of 60%. This should help accentuate the effect of any sizable buying into the stock.

Whoops! In posting, I appear to have updated the page.

no trade in the last hour, only 3 posts have not been deleted since 3pm yesterday.

Continuing more sustained volume: 6.3m.

Wasn't the short 0.5%, not 5%?

$87.33

9.6m on AIM + 1.2m on Aquis = 10.8m, still encouraging.

Surprised there is not more anticipation in the share price of positive results of the sidetrack.

it's relatively subdued trading, 2.9m shares so far.