Member Info for ocelot

And also from Bloomberg:

Goldman Sees 2 Trillion Euros Surge in Bills (8 a.m.)
The market continues to underestimate the depth and the structural repercussions of the unfolding energy crisis in Europe, Goldman Sachs analysts wrote in a note dated Sept. 4, saying they expect a EU2 trillion surge in energy bills for the bloc.

$1.5 Trillion Margins Calls Risk Energy Trade (10:25 a.m.)
European energy trading risks grinding to a halt unless governments extend liquidity to cover margin calls of at least $1.5 trillion, according to Norway’s Equinor ASA. The biggest energy crisis in decades is sucking up capital to guarantee trades amid wild price swings.

“Liquidity support is going to be needed although the physical market is working,” Helge Haugane, Equinor’s senior vice president for gas and power, said. The company’s estimate for $1.5 trillion in capital to prop up derivatives trading is “conservative,” he said ... (from Bloomberg)

$1.5 Trillion Margins Calls Risk Energy Trade (10:25 a.m.)
European energy trading risks grinding to a halt unless governments extend liquidity to cover margin calls of at least $1.5 trillion, according to Norway’s Equinor ASA. The biggest energy crisis in decades is sucking up capital to guarantee trades amid wild price swings.

“Liquidity support is going to be needed although the physical market is working,” Helge Haugane, Equinor’s senior vice president for gas and power, said. The company’s estimate for $1.5 trillion in capital to prop up derivatives trading is “conservative,” he said ... (from Bloomberg)

11am and 900m shares have changed hands.

"On the matter of the dewatering of the Llechfraith Shaft, over the past few months we have carried out supplementary ecological surveying to generate further supporting data as well as adding to our proposed mitigation scheme for the dewatering, all of which elements are being incorporated within a revised ecological and technical report for submission to NRW in the first half of September. We remain confident that our application for dewatering will ultimately be successful. (RNS of 23/08)

That's the first time the offer's been shown in the 3s (3.05p at present) since late June 2019.

Give Truss a chance, she has YET to be appointed prime minister by the Queen!

Refreshing to hear someone expressing a positive viewpoint in current circumstances:

Brendan Long, analyst at WH Ireland, highlighted in a note the potential opportunity that’s been renewed as the new PM moves into number 10.

“We believe that Liz Truss would be the only leader of a major democratic country actually focusing on providing a core solution to the energy crisis, namely, on increasing the supply of oil and natural gas – very positive for the UK,” Long said.

“With all of the doom and gloom surrounding the UK economy it is worth remembering that the UK is in fact exceptionally well positioned to have a thriving economy because it has been bestowed with an abundance of oil and natural gas.”

The analyst added: “if the press speculation is correct, the UK has real potential to emerge from the energy crisis, in due course, in a position of strength ...

OPEC+ agreed to make a token oil supply cut for October, a surprise moves that shows the alliance is seeking to stabilize global markets after a faltering economic backdrop triggered the longest price rout in two years.

The group will reduce production by 100,000 barrels a day next month, taking output back to August levels. In its final communique after Monday’s online conference, the cartel also highlighted that it would be willing to call another ministerial meeting at any time to address further market developments. Its next scheduled talks will be on Oct. 5 ... (from Bloomberg)

Records some first reactions to news of Truss's premiership:

https://drillordrop.com/2022/09/05/liz-truss-to-be-pm-reaction/

Balmoral first then formation of new cabinet.

What will be Rees-Mogg's responsibilities and will Sir John Redwood feature (and, if yes, in what post)?

Ibug,

I am saying what I said, ie:

As a self-proclaimed trader, you will be fully aware that the pages you have just posted show delayed information.

Ibug,

As a self-proclaimed trader, you will be fully aware that the pages you have just posted show delayed information.

note: there are very few posts on the rival site, it looks as if those interested in UKOG have moved elsewhere.

Better volume than Friday.
Friday's final volume was 112.6m, we're up to 101.8m now, at noon.

On a rival site, showing as the 4th biggest percentage gainer and the biggest volume stock on the market (727.5m at present).

And if the assets owned by the company increase more than the increase in equity, then there is accretion.

But if the assets owned by the company increase in line with the increase in equity, then there is no dilution.

It's the warrant holders who decide when to exercise their warrants, not the company.

I make that about £404,588 raised in total.