Member Info for ocelot

Zak Mir: above 0.11p, looking for 0.18p:

https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-bulletin-board-heroes-september-8-17f4ce7/

v o x markets without the spaces

Ms Truss said she was "setting a new ambition for our country".

"Far from being dependent on the global energy market and the actions of malign actors, we will make sure that the UK is a net energy exporter by 2040," she said. (from the sky article below)

The UK Treasury is setting up a £40 billion fund with the Bank of England to help energy companies access extra liquidity they need to deal with surging energy prices.

The so-called Energy Markets Financing Scheme will provide stability for energy and financial markets, the economy and help cut costs for consumers, the government said in its energy plan announced by Prime Minister Liz Truss on Thursday ...

https://www.bloomberg.com/news/articles/2022-09-08/uk-treasury-and-boe-set-up-liquidity-fund-to-back-energy-trading?srnd=premium-europe&sref=Em01M8Hr

She says the government will make sure the UK is a net energy exporter by 2040, through the use of fracking, expanded nuclear and renewable energy generation.

These few words caught my attention in Bloomberg's round-up of the markets:

High oil and gas prices haven't spurred exploration.

We've now exceeded the total volume of yesterday's session - the stock is active so far this morning!

barchart's opinion has shifted up to a weak buy: 8% buy v 40% sell yesterday:

https://www.barchart.com/stocks/quotes/UKOG.LN/opinion

Then it will require the NSTA to amend its seismicity regulations for fracking.

There will need to be changes to measures of seismicity.

I don't know if this will require changes to the law or to the interpretation and application of the law.

"PS I thought the energy policy was going to be more about the domestic price of oil and gas" (Ibug's post of 06:49).

It will be about the domestic price of oil and gas AND about boosting the supply of domestic energy.

But we should know more during the course of today.

Must be close to the release of the V o x markets Q&A.

Quieter day's trade, although still perfectly healthy (355.7m before any late trades).

But the appointment of Jacob Rees-Mogg as Energy minister provides a real boost to sentiment for the sector.

We should learn more tomorrow about this government's energy policy - believe price targets for UKOG in the market are in the process of being raised.

“The stock market is a device for transferring money from the impatient to the patient.” Warren Buffett

We've all seen this saying of Buffett's very many times, but it remains just as valid as ever.

Ibug,

What I am saying is that the BBC has confirmed:

Liz Truss will deliver the government’s energy bills plan here in the Commons tomorrow.

George Lucan, CEO comments "I am delighted to be bringing on board Krzysztof and Richard into our team, as we enter the next stage of our growth strategy. They each bring a pool of skill and expertise that will enable the transformation of Angus from a small cap into a major player in the production and storage of hydrocarbons, as we work on the expansion of existing production and the evaluation of Saltfleetby for strategic gas storage." (RNS of last Friday, 02/09)

The PM has confirmed just now of what I (Chris Mason of the BBC) reported this morning — Liz Truss will deliver the government’s energy bills plan here in the Commons tomorrow

Bloomberg article of about 30 minutes ago:

https://www.bloomberg.com/news/articles/2022-09-07/britain-s-new-energy-minister-wants-to-drill-every-last-drop?srnd=premium-europe&sref=Em01M8Hr

Been here since early 2019, been here, therefore, throughout ANGS's Saltfleetby project to date.

Continue to believe that, important as Saltfleetby is, ANGS's future is much bigger and brighter than Saltfleetby alone.

Will continue to follow closely developments and remain convinced the stock very substantially undervalues the company's short, medium and long term prospects.

Hear, hear!

... Offshore Energies UK (OEUK), an industry body for offshore oil, gas, hydrogen and wind producers, warned that Britain could face potential energy shortages this winter while global prices could remain high for at least three years ...

OEUK's points relate to offshore but are equally true of onshore:

https://www.reuters.com/business/energy/uk-oil-gas-producers-call-more-investment-ease-energy-crunch-2022-09-06/

thanks to ogm4 on the ANGS board.