Member Info for ocelot

A bit more than 30m shares reported after the close.

Over the last 3 sessions, more than 30% of issued shares have turned over, the percentage of the float changing hands (allowing for the 3 principal shareholders) being 45.9%

Congratulations on arriving at your break-even point!

It's only 12:45, scoopy!

catching up with developments on the continent yesterday.

Front month September down 30% at 450p but think it's tomorrow the front month will shift to October, currently 522.88p, down 25.6%:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5253323

Congratulations, Yanis!

It wasn't always easy but you stuck with it and it certainly looks as if it is coming good now.

Still a pronounced sell, but that is an improvement on the recent reading of an 88% sell:

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

... In a sign of how fast capital requirements are increasing, Uniper’s parent Fortum Oyj said earlier Monday said that its collateral requirements rose by 1 billion euros in the past week to 5 billion -- and that’s for the Nordic power market alone.

Interesting development, a major exchange is seeking government support ... for traders, because of the amount of collateral they are obliged to commit to support trades. Sounds as if the market mechanism is close to breaking down under the strain::

The European Energy Exchange AG said that traders need more government support to guarantee their buying and selling.

Billions of euros put up as collateral for trades are sapping liquidity and making prices even more volatile, trading houses have warned. German energy giant Uniper SE sought to extend a government credit line to 13 billion euros ($13 billion) to ensure its short-term survival.

Electricity prices for next year surged above 1,000 euros per megawatt-hour earlier on Monday, before plunging more than 20% on EEX, Europe’s biggest marketplace for power contracts ...

https://www.bloomberg.com/news/articles/2022-08-29/biggest-power-exchange-urges-nations-to-help-beleaguered-traders?srnd=premium-europe&sref=Em01M8Hr

The article quotes the CEO of Shell at a conference in Norway today.

tittle-tattle
casual conversation about other people, typically involving details that are not confirmed as true; gossip.

You are using the word "tittle-tattle" in a way the dictionary and others don't.

Christ. I wouldn't trust anything Baits posts or says. Typical OAP past his prime ...
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It isn't the person who posted the article on the ANGS board who wrote it. The article is authored by Rachel Millard of yahoo!finance. Do you have any objections to her?

Europe’s energy crisis will last for several winters, the boss of Shell has said, as he warned it is "fantasy" to think shortages caused by Russia cutting supplies can be resolved quickly.

Ben van Beurden told a conference in Norway that power rationing will be needed for a number of years as electricity prices hit fresh record highs.

He said: “I do not think this crisis is going to be limited to just one winter.

“It may well be that we have a number of winters where we have to somehow find solutions through efficiency savings, through rationing, and through a very quick build out of alternatives that you may have [such as] alternative gas imports [and] hopefully alternative energy sources.” ...

https://uk.finance.yahoo.com/news/europe-gas-shortages-last-several-115449898.html

Thanks to baits on the ANGS board.

Angus is the first stock Zak Mir presents:

https://www.share-talk.com/traders-cafe-bank-holiday-edition-with-zak-mir-best-of-bulletin-board-heroes-year-to-date/

The world needs more oil and gas now to deal with an energy shortage while pushing to transition to renewable supplies, Tesla Inc. Chief Executive Officer Elon Musk said.

“At this time, we actually need more oil and gas, not less,” Musk said Monday during an energy conference in Norway, adding that he’s not someone to “demonize” the fossil fuels. At the same time, “we must have a clear path to a sustainable energy future.” ...

https://www.bloomberg.com/news/articles/2022-08-29/musk-says-world-needs-more-oil-and-gas-as-bridge-to-renewables?srnd=premium-europe&sref=Em01M8Hr

he world needs more oil and gas now to deal with an energy shortage while pushing to transition to renewable supplies, Tesla Inc. Chief Executive Officer Elon Musk said.

“At this time, we actually need more oil and gas, not less,” Musk said Monday during an energy conference in Norway, adding that he’s not someone to “demonize” the fossil fuels. At the same time, “we must have a clear path to a sustainable energy future.” ...

https://www.bloomberg.com/news/articles/2022-08-29/musk-says-world-needs-more-oil-and-gas-as-bridge-to-renewables?srnd=premium-europe&sref=Em01M8Hr

Imho, the new government should give some thought to:

1/ streamlining the regulatory regime;

2/ giving a higher priority to national rather than local considerations.

In the short term, that should mean encouraging every form of production, including carbon-based – ripping up the various rules that hamper the oil and gas sectors, ...
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And this is the Daily Telegraph!

From one Conservative government to the next. Liz Truss may be Johnson's preferred successor but, certainly in energy policy, it looks as if some changes are going to be made.

From the Daily Telegraph, thanks to CastleT on the ANGS board:

'Editorial Comment

Britain needs an energy production revolution

The energy crisis is, above all, a catastrophe for consumers, who will shortly be forced to choose between shivering in the cold or paying almost three times as much for fuel as they did last winter ...

But the catastrophe of consumption has its roots in a tragedy of production. Energy is the lifeblood of any modern economy. Rather than demanding we use less of it, the Government should be pulling out all the stops to generate more. Given energy’s geopolitical and economic importance, nothing could be more urgent.

In the short term, that should mean encouraging every form of production, including carbon-based – ripping up the various rules that hamper the oil and gas sectors, giving the green light to fracking (astonishingly, the Lib Dems’ Ed Davey remains proud of his central role in killing this off) and, above all, recognising the damage that net zero commitments are wreaking on lives now, having shattered confidence in the long-term investments energy generation requires. The eco-warriors’ fervour has proved self-defeating: nothing will sink the transition to a green economy faster than a popular rebellion against sky-high energy prices...'

PS: what tends to happen when warrants are exercised is that a good number are exercised at first and, then, the process progressively slows down.

Yes, hamsters18, an RNS is required each time the number of issued shares increases (absolutely key information for the market), which is what happens when warrants are exercised.

Believe if the number of warrants being exercised on any one day is few, then the company may wait just a little in order to bunch requests together.

"German Foreign Minister Annalena Baerbock warned the war in Ukraine “could last years,” telling a newspaper that Berlin is ready to support Kyiv for the long haul".

Whether it be Liz Truss or Rishi Sunak, the new PM is going to be announcing new measures to help confront the energy and cost-of-living crises this Winter.

But there will be a need for longer-term planning and measures, too.

https://www.bloomberg.com/news/articles/2022-08-28/ukraine-latest-germany-warns-that-war-could-last-years?srnd=premium-europe&sref=Em01M8Hr