Member Info for ocelot

Suspect that Loxley is sufficiently attractive that interested parties will themselves approach UKOG, (but can always be mistaken, of course).

A placing in July? Doubt it. One of the key tell-tale indicators of an upcoming placing is absent. And they did not give the impression of being in any kind of a hurry to hold their AGM.

So what could be behind UKOG's tweet of yesterday ending " ... And now for July!".

Could it involve UKOG's 100% interest in Loxley and a potential farmout?

Don't know, but it is clear that Loxley is a big project which will require operational funding.

2nd bigbest volume stock on the market at the present, as per a rival site.

UKOG
@UKOGlistedonAIM
HORSE HILL UPDATE: New downhole pump and polished rod being installed. Job completed safely and in double-quick time.

International mining consultancy, SLR Consulting, has been engaged to undertake preliminary
studies on mining methods and processing plant options for both TBS and Amitsoq

"And now for July!".

That sounds positive and enthusiastic.

pdf version:

https://www.rns-pdf.londonstockexchange.com/rns/4334R_1-2022-7-5.pdf

Exit Sajid Javid and Rishi Sunak, honourable men.

UKOG
@UKOGlistedonAIM
JUMPING FOR JOY IN JUNE: ... And now for July!

Interesting.

A reminder of George Frangeskides of Alba's comment in Alba's Final Results RNS of 19/05:

... We look forward to hearing of the Operator's plans for enhancing productivity and delivering on the inherent, and to date largely untapped, value of the Horse Hill Oil Field.

Yes, 1.butchers.bike.

A reminder of GF's comment in the Final Results RNS of 19/05:

... We look forward to hearing of the Operator's plans for enhancing productivity and delivering on the inherent, and to date largely untapped, value of the Horse Hill Oil Field.

After a quiet start, UKOG is now the 4the biggest volume stock on the market (but it seems to be a relatively quiet day across the market in general).

UKOG have put out the following tweet, it's the part concerning HH that interests Alba shareholders:

JUMPING FOR JOY IN JUNE: The govt backs our Portland Port energy project … The govt backs our gas appraisal project at Loxley … PLUS encouraging oil seep in Turkey and new seismic plan at Horse Hill. And now for July!

Are things beginning to turn around for UKOG? June was certainly a good month for them.

cold war", Bloomberg's headline article of this morning:

“This is the 1970s for natural gas,” says Kevin Book, managing director at ClearView Energy Partners LLC, a Washington-based research firm. “The world is now thinking about gas as it once thought about oil, and the essential role that gas plays in modern economies and the need for secure and diverse supply have become very visible.”

https://www.bloomberg.com/news/articles/2022-07-05/the-global-energy-crisis-just-got-even-worse-here-s-why?sref=Em01M8Hr

Front month August up another 9.8% at 309.98p:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5253322

Judicious use of farmouts to provide operational funding. (p4 of 21/21 annual report)

Captive audience of Penguins, just a question of getting them to part with their cash, what would possibly go wrong?

cold war", Bloomberg's headline article this morning:

“This is the 1970s for natural gas,” says Kevin Book, managing director at ClearView Energy Partners LLC, a Washington-based research firm. “The world is now thinking about gas as it once thought about oil, and the essential role that gas plays in modern economies and the need for secure and diverse supply have become very visible.”

https://www.bloomberg.com/news/articles/2022-07-05/the-global-energy-crisis-just-got-even-worse-here-s-why?sref=Em01M8Hr

PPS: usually, one assumes a Tory government has quite close relations with the City: it is not the case of the current government.