Member Info for ocelot

In bold print in the article (the only part of the article in bold print:

Projects are on the starting block, ready to go. Take the Portland Port energy hub
project in Dorset. Owned by UKEn, it’s got huge potential. A giant, onshore gas storage
facility could easily be developed, using existing salt caves which are ideal and natural.
It would be the biggest hydrogen storage site in the UK. Offshore, in the English
Channel, a new wind farm would produce the hydrogen to be stored. Perfect.

But UKEn (UK Energy Storage) is looking, like others in the sector, to the government
for an energy lead, for an infrastructure plan that will underpin and guarantee its
investment and operation. So far, there is nothing.

Not in bold print:

... It’s a scandal that something so obvious as the Portland Port
hub, for example, is not, right now, being developed and realised.

PORTLAND PORT: The Independent highlights our hydrogen energy hub project in Dorset saying: “It’s got huge potential. A giant, onshore gas storage facility could easily be developed. It would be the biggest hydrogen storage site in the UK.” https://tinyurl.com/yc5v96jj

https://www.ukogplc.com/ul/UKEn%20Indy%20121122.pdf

The graphite particles are 1/4 to 1/3rd of the width of a human hair, no wonder GROC is thinking of partnering with a specialist in the production of graphite.

Don't think it's been posted on the board until now - re the spheronisation test work programme on Amitsoq's graphite:

https://www.vox markets.co.uk/media/636a353765ff7ecd7fc7271e/?context=/series/daily-podcast

eliminate the space between vox and markets

https://www.vox markets.co.uk/media/636a353765ff7ecd7fc7271e/?context=/series/daily-podcast

eliminate the space between vox and markets

Doesn't seem to have been posted on the board until now.

Late-reported trade of 115m shares at 0.0638p at 16:11:37, raising the day's volume to 180.4m.

News re the:
1/ farm-out of Loxley gas project (although there is no time limit on this);
2/ proposed Basur-Resan drill.

The dates on which the threshold was crossed and the issuer notified are given as 08/07/22, so this looks to be in relation to the £3m direct subscription RNS of 04/07/22.

Looks to be the exercise of warrants, no price given for any purchases in the market.

In relation to the Clogau-St David's Gold Mine in Wales:

- Operational preparations (procurement of equipment, contractors etc.) for the dewatering of the Lower Llechfraith mine area to allow for underground exploration and development to proceed at the Company's primary in-mine target; ...

A reminder that the text of yesterday's placing RNS was approved by Alba's Nomad.

https://amp.theguardian.com/environment/2022/nov/11/gas-producers-using-cop27-to-rebrand-gas-as-transitional-fuel-experts-warn

Acknowledgements to ells_valexpert on the UKOG board

Late reported, true time was 09:53:16.

51,052,808 at 0.1175 at 10:38:24.

Only one person making gold here & GF thanks you all for his £20k a month ...
-----------
Salaries of £124k (Alba, Greenroc). Fees and value of options vesting aren't "a month".

+$48.15 at $1,754.89

It's the truth but not the whole truth :-)

Too small a sum for the costs involved maybe?

1 warrant for every 2 shares exercisable at twice the issue price, so another £500k if and when exercised at 0.2p - here's hoping they rise to that level very quickly.

The last 21 months have been tough for Alba shareholders - let us hope today marks the turnaround point.

Extract from a Citywire interview with Ian Lance, fund manager with Temple Bar, published today:

... If you go back to 2013, the largest 44 companies or oil companies in the world used to invest something like $600bn in upstream development. So basically, exploration and production. Roll forward 10 years to last year, $250bn. So, we’ve gone from $600bn to $250bn.

We’ve taken an enormous amount of capital out of the industry. It should be self-evident to most people but, if you don’t maintain levels of investment, eventually, you can’t carry on producing at the same sorts of rates that you historically were. That is the reason that the oil price was high. It really annoys me when I hear people say that these companies are profiting from the war. They’re not profiting from the war. The oil price was higher before the war than it is today in the war. The reason the oil price is high is because of underinvestment. So, what governments need to do is encourage investment. A windfall tax does precisely the opposite. It discourages investment ...

From a Citywire interview with fund manger Ian Lance of Temple Bar published today:

"... Put yourself in the position of the CEO of BP.

You’re thinking about a North Sea oil project, which has probably got a lifetime of 20 years, it’s going to cost you hundreds of millions of pounds and the government is basically saying, if it goes wrong and oil prices go down and you’re loss-making, you get to keep the losses. If it goes up, we’ll hit you with a windfall tax. Are you going to do that project? You’re absolutely not going to do that project. So, at the moment, there is no sign at all of investment going into the industry, despite the fact that energy prices are very high. So we’ve got a fundamental break in the capital cycle. Ordinarily, as profits and returns go up, that encourages new investments and that slows the end of the cycle. At the moment because of government and regulatory interference, there is no increase in investment. So it’s hard for me to see how this cycle ends at the moment, until governments do something to encourage increased investment".