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So we have George Lucan of Angus who considers Loxley to be "an attractive asset" and George Frangeskides of Alba who considers Horse Hill's value to be "largely untapped".

Then we also have interests in Basur-Resan alongside AME and the Portland hydrogen storage project.

We await further news with interest.

Reminder of George Frangeskides of Alba's comment in their Final Results RNS of 19/05 when he spoke of:

"... the inherent, and to date largely untapped, value of the Horse Hill Oil Field".

1.3 IRISH BASE METALS

Post period end, the mineral exploration licence for Alba's 100% owned Limerick Base Metals Project, PL 3824, was renewed until 26 May 2024.

We have identified three principal exploration target areas for follow-up drilling at Limerick. Applications for the necessary drill permits have been submitted and we remain on track to commence drilling before the end of this year. (Half-year report RNS of 31/08)

:-)

Surprised to see the 4 asterisks in my extract so I went back to the presentation: "a r s e" has been blanked!

Should prove particularly interesting when it comes because they've also gone back into the original assessment:

JORC Resource upgrade awaited – analysis of co****r sediment fractions – an upper screening of
1.0mm was initially employed, excluding significant mass of potentially ilmenite-bearing material. (page 18 of the 28/09 presentation):

https://greenrocmining.com/wp-content/uploads/2022/09/GreenRoc-IMC-Presentation-28.09.22-1-1.pdf

A couple of tweets from GROC within the last hour:

Chairman, George Frangeskides was recently a panellist at the Critical Minerals Association Annual Conference -

He can't wear anybody down if he is put on filter.

Been waiting a long time to see the share price back at 4p, the approximate level from which it fell in a straight line on 28/06/19, the day of the Brockham RNS.

Looking forward to seeing it attain that target in the near(ish) future.

Even some of the naysayers might appreciate a 400% return.

At the present level for UKOG, 400% would be about 0.24p to give a share price objective of about 0.30p.

From Citywire's round-up of the morning press:

The Times: The energy sector is expected to lead a recovery in stock market flotations in London next year, a report from the professional services firm KPMG says.

Angus Energy has come a step closer to disposing of radioactive liquids at its oil production site at Brockham in Surrey.

https://drillordrop.com/2022/12/05/consent-for-importing-radioactive-waste-for-disposal-at-brockham/

Thank you, Fish123. This may be the Investor Question and answer you were referring to:

SFB is now producing at a stable flowrate, exceeding the hedge, and making a profit?
in addition to assumed production at brockham, is Angus now making money and profit for the first time in its history? Asked on 2 October 2022

Yes. We are already meeting and exceeding the current hedge profile and already paying down debt. With the sidetrack and 2nd compressor in place around the year end, the full year to September 2023 should show a company debt free and generating great profits for shareholders.

... Robertsen of Standard Chartered said the surprise market scenario of gold surging as crypto retreats could see the precious metal scale $2,250 an ounce.

“Gold will benefit going forward from the problems in crypto, with the sudden decline in confidence in the crypto ecosystem,” said Nicholas Frappell, global head of institutional markets at ABC Refinery in Sydney ... (from the same article as below).

Speculators cleaving to the view that the crypto rout is mostly over are at risk of a rude awakening in 2023, according to Standard Chartered.

A further Bitcoin plunge of about 70% to $5,000 next year is among the “surprise” scenarios that markets may be “under-pricing,” the bank’s Global Head of Research Eric Robertsen wrote in a note on Sunday.

Demand could switch from Bitcoin as a digital version of gold to the real thing, spurring to a 30% rally in the yellow metal, Robertsen also said.

This possible outcome involves a reversal in interest-rate hikes as economies struggle and more crypto “bankruptcies and a collapse in investor confidence in digital assets,” Robertsen added.

He stressed that he wasn’t making predictions but instead adumbrating scenarios that are materially outside of current market consensus ... (from Bloomberg)

After that testing should be completed and success announced. At that stage the shares should rise substantially with a great deal of upside as the company grows.

Hear, hear!

I should add: they are aiming to repay the debt much earlier than that, maybe in the 1st half of next year (if I remember right)!

30/06/25, 3 years, from memory (but it will be shown in the revised CPR).

Come back a bit so far today (at 5.10p -0.30p) but volume is still much better than it was (589k at present).

from an article by Fastmarkets of 28/11: acknowledgements to iceagefarmer on the rival site:

... The Talga Group and Mineral Commodities are actively producing graphite materials in Scandinavia, while GreenRoq is seeking to develop the Kalaaq and Amitsoq Island projects in Greenland ...

https://www.fastmarkets.com/insights/graphite-output-will-lag-surge-in-demand

Saltfleetby Sidetrack Drilling Progress Update

Angus Energy (AIM: ANGS) is pleased to announce that, despite relatively slow progress in casing and cementing, it expects to resume drilling into the open hole section of the reservoir in the early part of next week with well clean up operations set to commence on or around 16(th) December shortly followed by well testing.

Drilling itself is expected to end on or around 14 December with the setting of the completion string (i.e. the production tubing). On this timetable, if there are no issues, the well can be declared a technical success by the middle of the month, although testing will be required before flow rates can be announced and a commercial success declared.

We have created an infographic video of the drilling process to assist in comprehension which is available under the video tab in our website and on our Twitter feed.