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Europe’s gas storage could run empty this winter if demand cuts are not rolled out urgently, industry group Eurelectric warned.

With industry warning of further closures over the winter months, pressure is mounting on policymakers ahead of an energy minister meeting in Brussels on Friday. Emergency interventions will be drawn up to try to stem the impact of surging prices for power and natural gas on industry, businesses and households ...

https://www.bloomberg.com/news/articles/2022-09-07/traders-warn-crisis-will-last-beyond-this-winter-energy-update?srnd=premium-europe&sref=Em01M8Hr

I'll amend my post of 08:47:
Graham Stuart is the Minister for Climate but he works for Jacob Rees-Mogg's Department for Business, Energy and Industrial Strategy.

Graham Stuart MP as a Minister of State (Minister for Climate) in the Department for Business, Energy and Industrial Strategy. He will attend Cabinet.

The heading of this article is wrong, Rees-Mogg has not taken responsibility for climate change.

https://drillordrop.com/2022/09/06/rees-mogg-takes-on-business-energy-and-climate-change/

Cancel my first line below, I must have gone into barchart too early, they are now showing an unchanged 40% sell opinion.

barchart has shifted to HOLD this morning (40% sell yesterday)

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

PS: barchart isn't a forecast, it's opinion is based upon the immediate past's technical figures.

Nope.

No shortage of media coverage of Rees-Mogg's appointment. For example:

https://www.express.co.uk/news/politics/1665532/jacob-rees-mogg-liz-truss-cabinet-business-secretary-energy-crisis

Jacob Rees-Mogg's full title is business, energy and industrial strategy secretary.

Jacob Rees-Mogg appointed business secretary

that is, it is equity which has borne the financial strain, not debt.

The company's only financial debt consists of advances repayable to the non-controlling interests in HHDL, Alba and Doriemus. As the majority holder in HHDL, UKOG determines the repayment terms of this debt.

There are organisations that have opposed fracking in the past but, like everybody else, they can see that the economic conflict with Russia means circumstances have changed.

Your imagination, I'm afraid, think they need to be allowed more time than that.

BBC post timed at 14:12 discussing Truss's potential cabinet:

... It’s widely expected that Jacob Rees-Mogg will take up the business secretary role, and possibly even incorporate into this the energy and climate brief usually taken up by a more junior minister.

This speculation, which is just speculation at this stage, has already raised some eyebrows among green groups, with the Green Alliance calling it “completely unsustainable” to take on two posts when it’s such a big brief.

Rees-Mogg, who has previously been vocally pro-fracking, has expressed concerns about “climate alarmism” and has championed lower business taxes - and opposed windfall taxes on energy firms.

He’s also repeatedly argued for less regulation on business post-Brexit ...

https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-bulletin-board-heroes-september-6-2a11777

v o x markets (delete the spaces - UKOG is abbreviated to UK in the resume of stocks covered)

from 09:36.

Having achieved 0.12p, Zak Mir's next target is 0.18p.

Her first decisions concern the make-up of her cabinet - should know a lot more about that by the end of this evening.

It's done, the UK has a new PM.

Now for some decisions, ...

PS: just took a look at their twitter page.

There's a certain resemblance between the gold-encrusted rock in their photo and ... the Matterhorn! I'll take that as an auspicious omen.

It's a very favourable risk/reward ratio, isn't it?

The share price is way down near the bottom, limiting the downside risk, but the potential reward on a favourable decision re dewatering is very considerable.