Member Info for ocelot

An unfavourable majority of 1 on Surrey CC's planning committee has led to a delay of more than 2 years at Loxley ... how not to manage the energy security of a country.

Volume of 118.3m so far, of which those two 30m trades total slightly more than 50%.

Looks like genuine buys to me, with 10 seconds between them and 0.0001p on the price.

https://www.londonstockexchange.com/news-article/ALBA/groc-update-drilling-at-amitsoq-doubles-deposit/15642960

The Company (GROC) will hold an Investor Call and Presentation Update at 12:00pm BST on 28 September 2022 with GreenRoc CEO, Stefan Bernstein.

Stefan Bernstein, GreenRoc's CEO, commented : "Amitsoq continues to prove to be an exceptional graphite deposit. These drilling results have surpassed our expectations that were based on last year's already successful drilling programme and give me much excitement for the development potential ahead. The graphite layers show better continuity and greater thicknesses than we could have hoped for; to achieve true graphite layer thickness of up to 20.69m and consistent LGL thicknesses of more than 14m is a fantastic outcome and coupled with the graphite orebodies being open in three directions holds promise that we are truly developing a world-class graphite deposit at Amitsoq ...

"a fantastic outcome"

All holes have returned mineable widths of high-grade graphite ore and more than double the drilled extent of the deposit footprint, which is expected to support a significant upgrade in the Project's resource tonnage.

Alba's Executive Chairman, George Frangeskides, commented:

"The Amitsoq Graphite Project goes from strength to strength. This has been a very strong drilling campaign at the Amitsoq Island deposit and our expectation is that it will translate into a substantial increase in the overall tonnage of the deposit once the independent resource assessment work has been completed.

"Confirmation of the significant scale of the deposit, allied to its exceptionally high grade and amenability to the production of the high purity graphite which is needed in the EV sector, puts GreenRoc in a strong position as it moves Amitsoq forward into the development phase. "

Tina Turner?

Into conference season.

The Conservative government seems to be moving further and further to the right, (just read an article on moves to consign to the dustbin Gove's Environment Land Management Scheme in farming), suspect Starmer is going to find the centre ground has been left to him to occupy.

Agree with baits.

We all know there are further milestones to be achieved at Saltfleetby but, for myself, first gas was the key one.

With that now behind us, and given current circumstances, both governmental and in the energy market, look forward to the Balcombe appeal decision and any indications of further progress at Brockham, Lidsey, in geothermal and, indeed, of any initiatives in the field of corporate activity.

No shortage of divisions amongst the Conservatives either, as the elections to replace Johnson showed. And reactions to yesterday's "mini-budget" amongst their ranks were pretty divided, too.

The Times, p 11

"He (Kwarteng) announced a 'planning and infrastructure bill' that would be likely to impose time limits on public consultations on projects deemed to be crucial national infrastructure; to cut back on environmental impact monitoring; to allow changes to permissions more easily; and to set out national policies on energy, water and other networks to reduce the risk of challenges ...

'We will bring forward a new bill to unpick the complex patchwork of planning restrictions and EU-derived laws that constrain our growth', Kwarteng said, promising to 'streamline a whole host of assessments, appraisals, consultations, endless duplications and regulations" ...

Should be of help to Angus in its UK projects in the future.

The Times, p 11

"He (Kwarteng) announced a 'planning and infrastructure bill' that would be likely to impose time limits on public consultations on projects deemed to be crucial national infrastructure; to cut back on environmental impact monitoring; to allow changes to permissions more easily; and to set out national policies on energy, water and other networks to reduce the risk of challenges ...

'We will bring forward a new bill to unpick the complex patchwork of planning restrictions and EU-derived laws that constrain our growth', Kwarteng said, promising to 'streamline a whole host of assessments, appraisals, consultations, endless duplications and regulations" ...

At last!

... Sticking with the urgent need for us to have a solid domestic source of energy, we saw Angus Energy (ANGS) shares hold their recent gains, as Managing Director George Lucan continue his recent PR offensive. Happily, this has taken on the appearance of being something of a lap of honour.

GL made it clear he wants ANGS to cease being considered by the market as part of the pack of small AIM oil and gas E&Ps and that the way to do that is to grow.

Think prospects for ANGS are not just exciting in the short term but in the long term, too, making the stock a very strong buy.

Keep seeing the word "gamble" used in relation to Kwarteng's "mini-budget".

The initial reactions from stocks, gilts and currency were unfavourable.

With Johnson as PM, all Starmer had to do was not be Johnson. Now we have Truss as PM, what should Starmer do? Not be Truss?

HerbertDTurbot,

Yes, the Ryan bloke is doubtless the issue GF was referring to.

Put the poster on filter at least a year ago (at a guess), can be, and should be, totally ignored.

Note: the price of Brent has come down ... but so has the £ against the $.

50 barrels of oil of which 80% is Angus's, ie 40 barrels.

At, say, $86 = $3,440 per day x 30 = $103,200 per month at 1.09 = about £95,000 per month.

He spoke of 70 barrels of condensate per day but made it clear this figure is fluctuating and he didn't really want to be held to it.

Nice backdrop to the interview, people walking dogs by the hedge of a green space.

Always comes across as relaxed and cheerful, particularly so today, I thought.