Member Info for ocelot

re Loxley, " ... the Company will now implement a pre-planned farmout programme, whereby the Company's costs would be either fully or part carried by any farminee".
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Indeed, the use of the word "would" instead of the word "could" goes in the same direction.

re Loxley, " ... the Company will now implement a pre-planned farmout programme, whereby the Company's costs would be either fully or part carried by any farminee".

Each word of the RNS is carefully chosen, so the use of the word "pre-planned" means something and suggests, to me, at least, that discussions may well be ongoing.

... the Company is now investigating the feasibility of linking Portland's planned hydrogen-ready salt cavern storage into an envisaged future hydrogen hub centred in and around Southampton by a consortium including a major energy company ...

There's a lot in this RNS, it's a very informative one.

Given the promising positive outlook derived from the Company's Basur Phase 1 seismic programme, plus the confirmation from the oil seep that the area has an active light oil petroleum system, the Company's focus for the forthcoming 6-9 months will be firmly upon the delivery of Phase 2 seismic and a new Basur appraisal well, now anticipated to be able to add near-term oil production to the Company in H1 2023, subject to necessary funding. As previously stated, the Petroleum Law enables a successful oil well in Turkiye to be put into full time production within days to weeks of a successful test.

With respect to the June 7(th) 2022 grant of planning consent for the Company's 100% owned Loxley gas appraisal project the Company will now implement a pre-planned farmout programme, whereby the Company's costs would be either fully or part carried by any farminee. The Company believes that this is the most prudent course of action to both manage uncertainty and to help ensure the best use of the Company's working capital.

Update of 18:16 BST:

Gazprom PJSC is poised to restart gas exports through its Nord Stream pipeline to Europe on Thursday at reduced capacity, according to people familiar with the matter.

Shipments will resume when maintenance ends on Thursday, but remain below normal after the Russian gas giant declared force majeure on some European clients, said the people, who asked not to be named because the information is private. Flows via Russia’s biggest link to Europe were capped at 40% of capacity before the work.

A final decision will still need to be made by the Kremlin. Strengthening Moscow’s hand, surging gas prices have allowed Gazprom to meet its full-year target for export revenues from key markets in just five months, one of the people said ...

https://www.bloomberg.com/news/articles/2022-07-19/gazprom-poised-to-restart-gas-flows-through-nord-stream-pipeline?srnd=premium-europe&sref=Em01M8Hr

0.1125p at the close.

For my own curiosity, checked on when UKOG first closed in the 0.11ps. Looks as if it was on 18/03/21, 16 months ago,.when it closed at 0.1175p.

Important to keep everything in perspective: trolls may not be investors' favourite people, but they are human and social media can be unforgiving.

The European Commission doesn’t expect Russia to restart a key natural gas pipeline this week, a senior official said, the clearest indication yet that the bloc is bracing for the worst.

“We don’t expect that it comes back,” Budget Commissioner Johannes Hahn said Tuesday. “We are working on the assumption that it doesn’t return to operation. And in that case certain additional measures need to be taken.”

Russia is scheduled to resume flows through the Nord Stream pipeline on July 21 after planned maintenance. Still, concerns are growing from Brussels to Berlin that the link may not return, especially after Russia slashed flows last month, citing delays because of sanctions.

Moscow and Gazprom PJSC have given no indication the pipe won’t restart on July 21.

A halt of Russian gas supplies to the EU could have a catastrophic impact on industry and countries are scrambling to find alternative supplies ...

https://www.bloomberg.com/news/articles/2022-07-19/european-commission-doesn-t-expect-russia-to-restart-nord-stream?srnd=premium-europe&sref=Em01M8Hr

The other day, in looking at big volume days, pulled out the number of shares issued at the time of the 1st CPR, of 05/03/20.

Since then, the share capital has roughly quadrupled, but half of that relates to the doubling of the interest in Saltfleetby.

So, ex the doubling of the interest in Saltfleetby, the share capital has roughly doubled.

That looks fairly modest to me and leaves a lot of potential for the shares in the months and years to come.

Been here more than 3 years, RT003, in that time have become very accustomed to the antics of the trolls (who are very present on the boards of other AIM-listed O&G companies, too).

They are part of the furniture, I have most of them on filter but, as long as they adhere to lse's guidelines, they are free to express their opinions.

No biography or photo yet, but Paul Forrest's name is now on the management page of the website:

https://www.angusenergy.co.uk/management/

£1m injected by strategic investors on 12/07, Paul Forrest joins the board on 18/07, it all points in one direction as far as I am concerned.

Shareholdings in Angus Energy of greater than 3% are as follows:

Name Percentage of Enlarged Share Capital
Forum Energy Services Limited 24.91%
Aleph Fin C Limited 9.21%
Know Properties 3.77%
The above information was accurate as at 18 July 2022 and is based on TR1 notifications received by the Company.

In my case, I've waited a long time to arrive where we are today and want to see Saltfleetby "come home".

But also think of Saltfleetby as a stage in the company's continuing development with much more to come in the near, medium and longer term future.

Not sure anybody's running the country just at the present.

To clarify the RNS today. Our guidance of 12 July that “anticipated production during Q3 comfortably exceeds the hedge amount as advised on 28 June 2022” remains unchanged.

One of these days, soon, we will get the RNS we are all waiting for.

But it wasn't today's, which informs us of one more small delay.

If traders wish to sell on this RNS, they are welcome to do so, but they won't have much time to buy back in again, imho.

Paul Forrest, director of Forum Energy Services, writes: "I am pleased to join the Board and ensure the development of the full potential of the Saltfleetby gas field, in particular, and the growth and development of the Company as a profitable transition energy provider more generally."

Appointment of Director

Angus Energy (AIM: ANGS) is pleased to announce that, further to the announcement of 24 May 2022 and the acquisition of the remaining 49% interest in the Saltfleetby Project, Paul Forrest has now joined the Board of the Company as a non-executive director. Mr. Forrest brings broad hydrocarbon and financial experience as well as intimate knowledge of the Company's Saltfleetby gas field ...