Member Info for ocelot

Big move at the close, ICE's front month has closed up 32.9%:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5351153

You are quite right, ogm4, many thanks for your post. The ICE front month has closed up 32.9%:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5351153

As Ian Fleming, the British author who created James Bond, wrote: “Once is happenstance. Twice is coincidence. The third time it’s enemy action.” ...

Inside the energy industry, policy makers and executives privately whisper that their concerns about the coming winter aren’t restricted to just gas supplies, but also encompass cyberattacks and sabotage against the energy distribution network. For months, officials and executives have discussed the risk in private. Now, the nightmare appears to be coming true.

Europe is crisscrossed by a web of thousands of miles of gas and oil pipelines, and even longer overhead electricity lines, linking hundreds of pumping stations, storage sites and power transformers. Hit one, either via cyberattack or physical sabotage, and the impact would reverberate across the continent ...

https://www.bloomberg.com/opinion/articles/2022-09-27/european-energy-war-is-putin-weaponizing-the-nord-stream-pipelines?cmpid=BBD092722_CEU&utm_medium=email&utm_source=newsletter&utm_term=220927&utm_campaign=closeeurope&sref=Em01M8Hr

As Ian Fleming, the British author who created James Bond, wrote: “Once is happenstance. Twice is coincidence. The third time it’s enemy action.” ...

Inside the energy industry, policy makers and executives privately whisper that their concerns about the coming winter aren’t restricted to just gas supplies, but also encompass cyberattacks and sabotage against the energy distribution network. For months, officials and executives have discussed the risk in private. Now, the nightmare appears to be coming true.

Europe is crisscrossed by a web of thousands of miles of gas and oil pipelines, and even longer overhead electricity lines, linking hundreds of pumping stations, storage sites and power transformers. Hit one, either via cyberattack or physical sabotage, and the impact would reverberate across the continent ...

https://www.bloomberg.com/opinion/articles/2022-09-27/european-energy-war-is-putin-weaponizing-the-nord-stream-pipelines?cmpid=BBD092722_CEU&utm_medium=email&utm_source=newsletter&utm_term=220927&utm_campaign=closeeurope&sref=Em01M8Hr

It's true, it's the presence of so many derampers on the board which helps to suggest the rebound potential of the stock.

DRB83,

Sorry, but I've forgotten which price is retained for gas delivery from Saltfleetby.

Each month there is a substantial gap between the front month price and that of succeeding months, because of the UK's lack of storage capacity and the continuing arrival of LNG at the ports.

Later this week, it is November which will become the front month.

421.18p is the current price of the November contract:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5351153

Yes, looks like it. If not, then it is one hell of a coincidence.

Germany is investigating three simultaneous gas leaks in the Baltic Sea from the damaged Nord Stream pipelines. The leaks were so big they were seen on the radars of vessels in the vicinity, the Swedish Coast Guard said. Denmark is stepping up security on its energy installations.

“The destruction that happened within one day at three lines of the Nord Stream pipeline system is unprecedented,” the operator of Nord Stream said Tuesday. “It’s impossible now to estimate the timeframe for restoring operations of the gas shipment infrastructure.” (from Bloomberg)

European natural gas surged after four days of losses as damages reported at the shuttered Nord Stream pipeline added to uncertainty over future Russian supply.

Benchmark futures rose as much as 12%, after dropping to a two-month low earlier this week. Two lines of the key Nord Stream link to Germany and one line of the idled Nord Stream 2 reported drops in pressure on Monday, with gas leaks identified by Swedish and Danish authorities in the Baltic Sea.

There have been no gas supplies on this route from Russia over the past month, but the incident adds to nervousness in the market with traders and officials watching for any indications of sabotage. The operating company Nord Stream said that damage to the network is “unprecedented” and it’s impossible to tell when flows could technically resume, but it wouldn’t elaborate on details.

Separately, the Norwegian oil and gas regulator reported on Monday that unidentified drones were seen close to its to offshore installations, urging “increased vigilance by all operators and vessel owners.”

Both this warning from Norway, and news about Nord Stream, raised concerns and “injected some volatility” in the market, EnergyScan, the analysis platform of Engie SA, said in a note ...

“We have bought another six months to get through the winter, albeit at a high cost in subsidies, and will need to use this time to reinforce a message that this is not going away,” said Martin Devenish, a former Goldman Sachs Group Inc. managing director who now works for S-RM Intelligence & Risk Consulting Ltd. “The real crisis is for next winter, and the impact of it may last for 3-4 years if everything stays the same.” ...

https://www.bloomberg.com/news/articles/2022-09-27/european-gas-prices-rise-amid-outages-at-idled-russian-pipelines?sref=Em01M8Hr

“We have bought another six months to get through the winter, albeit at a high cost in subsidies, and will need to use this time to reinforce a message that this is not going away,” said Martin Devenish, a former Goldman Sachs Group Inc. managing director who now works for S-RM Intelligence & Risk Consulting Ltd. “The real crisis is for next winter, and the impact of it may last for 3-4 years if everything stays the same.”

European natural gas surged after four days of losses as damages reported at the shuttered Nord Stream pipeline added to uncertainty over future Russian supply.

Benchmark futures rose as much as 12%, after dropping to a two-month low earlier this week. Two lines of the key Nord Stream link to Germany and one line of the idled Nord Stream 2 reported drops in pressure on Monday, with gas leaks identified by Swedish and Danish authorities in the Baltic Sea.

There have been no gas supplies on this route from Russia over the past month, but the incident adds to nervousness in the market with traders and officials watching for any indications of sabotage. The operating company Nord Stream said that damage to the network is “unprecedented” and it’s impossible to tell when flows could technically resume, but it wouldn’t elaborate on details.

Separately, the Norwegian oil and gas regulator reported on Monday that unidentified drones were seen close to its to offshore installations, urging “increased vigilance by all operators and vessel owners.”

Both this warning from Norway, and news about Nord Stream, raised concerns and “injected some volatility” in the market, EnergyScan, the analysis platform of Engie SA, said in a note ...

https://www.bloomberg.com/news/articles/2022-09-27/european-gas-prices-rise-amid-outages-at-idled-russian-pipelines?srnd=premium-europe&sref=Em01M8Hr

Some posts this morning on the Angus board re their Balcombe appeal.

According to an answer provided by Angus to an Investor Question asked on 15/02/22, "Our appeal at Balcombe is likely to be heard before the end of Q3".

A reminder that ANGS seeks permission for an ewt at Balcombe which is a horizontal well into the Kimmeridge and flowed at very encouraging rates over a brief time-period when first drilled.

Our appeal at Balcombe is likely to be heard before the end of Q3.

Included in the answer to an Investor Question asked on 15/02/22.

Market cap of £51.1m.

If institutional investors feel more comfortable with a market cap of £100m, as GL has suggested, then the share price needs to double from here.

I must be an abnormal PI, WG818!

£ is up on its lows in Asia, FTSE100 has just moved into positive territory, maybe the UK hasn't collapsed just yet.

Maybe GL has some insights into the holders of the warrants attached to the subscription shares.

That last quotation from GL cited by Malcy: it's very clear GL is aiming to attract institutional interest in ANGS.

The extraordinary thing is that it is all on the basis of one and the same political manifesto.

Government 1 does X, Government 2 undoes X and does Y but all under the umbrella of one and the same manifesto.