Member Info for ocelot

Yes, they want to move away from the micro cap world and "get acceptance by the institutions".

Noted, too, that GL said there are more appointments coming.

The ambition is clear, to create a company of some size in the sector, with the focus at the present time on gas. How big is going to depend, in part, on their future acquisitions.

Welcome news indeed.

They haven't wasted any time, the operational update prompting the additional seismic is dated 30/06.

the mine entrance ISN'T larger

A thirsty herd of elephants would be useful - it's a shame the mine entrance is larger.

"just a shareholder (at 0.805pps) in Angus and don't want them to be diverted from getting SFB running at maximum potential by farming into Loxley".
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No problem for Angus, the production of gas at Loxley is still some way away.

But, for precisely that reason, one can see why it might be of interest to Angus, providing them with another source of gas in the longer term.

The someone else being a market-maker.

Obviously, it is the MMs who determine the spread. If the spread, at any time, doesn't accurately reflect what is actually happening in the market, then it throws out the software's attempt to distinguish buys from sells.

Because "buys" and "sells" are identified by software which has nothing to do with the london stock exchange and identifies a "buy" as being executed at a price above the mid-point of the spread at the time and a "sell" as being executed below the mid-point.

The exchange itself only recognises trades.

ells_valexpert,

Alba are already involved in HH. They aren't looking to increase their stake. George Frangeskides was talking of the possibility of farming out HH, ie bringing a new partner into HH.

There was also this issue of warrants at the time of the acquisition of the other 49% of Saltfleetby (RNS of 25/05/22):

The Subscription Shares carry in aggregate rights to a further 173,100,000 shares in the Company by way of the issue of warrants, which can be exercised at any time within the next 5 years at a price of 1.09896011 pence per share.

... and adjust for any new warrants issued since then, of course.

Go back to the last annual report and adjust for any that may have expired, and for warrant exercise RNSs, since then.

The most important holders are likely to be the placees of the 2 placings of late Jan/very early Feb 21 amounting to 165m warrants in total.

Time I filtered you, Ibug.

The market is the market, Ibug, share prices tend to fluctuate and, over time, can fluctuate a great deal.

Some of us have seen UKOG rise from 0.80p to 11p and decline to 0.0837p.

The market has a well-established habit of showing up those who hold too dogmatic an opinion on a stock. As always, we shall see.

Potentially very valuable asset which is totally absent from UKOG's current market valuation.

Johnson's government neglected the City.

Just as for energy policy, it looks as if Truss and Kwarteng will be looking to shake things up and focus more of the government's attention on promoting the City's interests.

This would be project finance, Ibug - why do you think the City exists?

There is quite a range of ESG infrastructure funds. Provided they put together a convincing case, wouldn't have thought funding would prove a problem, that is what the City does.

ells_valexpert,

I will pass on that one, I've been focusing my attention more on Loxley and Basur-Resan.

Then we have the £3m raised between last Friday's close and this Monday's opening for, above all, Basur-Resan.

And we have a new government which seeks to encourage domestic energy production.

There is a lot going on in the background. which could give rise to one or more RNS(s) at any time.