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£15 per 1,000 cubic feet!

Estimated recoverable gas at Loxley of between 43-70 bcf x £15 per 1,000 cubic feet (see SS's letter to Jeremy Hunt of 10/06) = potential valuation of £645m-£1,050m.
Thus, over the field's expected 20-year life, average annual revenue falls in the range of £32.25m to £52.5m.

Unless I am mistaken, £15 per cubic feet = about 144.65p per therm (divide by 10.37).

July is currently quoted at 160p, August at 193.10p.

GreenRoc Mining plc

("GreenRoc" or the "Company")

Notice of Presentation at Greenland Day, PDAC conference

GreenRoc Mining plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, is delighted to announce that Company Chairman George Frangeskides will be presenting today at the Greenland Day event that forms part of the PDAC Mineral Exploration and Mining Convention in Toronto, Canada ...

GreenRoc's Non-Executive Chairman, George Frangeskides, commented:

"I am delighted to be participating in the Government of Greenland and Greenland Business Association's Greenland Day event, which is part of the preeminent PDAC mining convention. As a Greenland-focused exploration and development company with a resource-rich portfolio of assets, including one of the world's highest grade graphite projects, we are strong champions of the fantastic mining opportunities that Greenland presents. I look forward to showcasing GreenRoc to this international audience."

... Unless SS produces more oil and gas and fast, this company will be consigned to the dustbin ...
---------------------------
A bit melodramatic, gwilliams71, imho.

We can all see that UKOG's cash-generation leaves to be desired, but we have all been able to see that for some quite considerable time.
To their credit, the lack of cash-generation hasn't stopped them from progressing their Loxley and Portland storage projects, both of which have company-making potential.
Basur-Resan is a nearer term project where we await with keen interest the next update.

Wall Street may be abuzz with talk of recession next year, but it’s a different story in the energy market. Most traders, policy makers and analysts see oil demand growing through 2023 and supply struggling to keep pace ...

Wall Street may be abuzz with talk of recession next year, but it’s a different story in the energy market. Most traders, policy makers and analysts see oil demand growing through 2023 and supply struggling to keep pace.

In private, Western officials worry Brent crude will reach $150 a barrel soon from about $120 now. Some fear it keeps going higher, with wild chatter about oil hitting $175 or even $180 by the end of 2022, driven by post-Covid pent-up demand and European sanctions against Russia. And the shock won’t end this year.

Amid widespread fears of an oil price spike this summer, another storm is developing over the horizon: The oil shock won’t end in 2022. It’s almost certain to roll into next year ...

https://www.bloomberg.com/opinion/articles/2022-06-13/the-oil-price-shock-will-reverberate-into-next-year?cmpid=BBD061322_CEU&utm_medium=email&utm_source=newsletter&utm_term=220613&utm_campaign=closeeurope&sref=Em01M8Hr

Investor Q&A Hosted by VOX Markets

Alba Mineral Resources plc (AIM: ALBA) will be recording a Q&A, which will be released on Thursday 16 June 2022 via VOX Markets.

Hosted by Executive Chairman George Frangeskides and COO and Senior Geologist Mark Austin, the Q&A will provide an update on the Company's assets and an overview of its investee companies including GreenRoc Mining Plc (AIM: GROC).

Ahead of the Q&A, investors are invited to submit questions to Kat Perez at kperez@**********.co.uk by 12pm on Wednesday 15 June 2022.

This is what SS said in his speech to the Surrey CC planning committee on 27/1120:

... As the second largest gas accumulation drilled and tested in the UK onshore, Loxley’s potential peak
gas supply would have an energy equivalent to power around 200,000 homes per year and provide
up to £30 million/year in gas sales to hydrogen manufacture and carbon capture plants, all of which
are likely to be situated in key industrial hubs, well outside of the Loxley rural area. Loxley could thus
be a materially significant future contributor to the local and Surrey-wide revenue base and
economy ...

Ibug,
The figures would have been considerably higher not so long ago, before the in this country gas price slid on LNG deliveries from the US (and inadequate storage facilities).
The figures are clearly for estimated revenue, so before operational costs.

On the basis of the figures contained and implied in SS's letter of 10/06 to Jeremy Hunt, Loxley is quite obviously a potential company maker.

gwilliams71,

The herd is not answerable to myself.

All I have done is draw attention to key figures contained, and implied, in SS's letter of last Friday, 10/06 to Jeremy Hunt.

resisting much better than the crypto currencies

A reminder of the key figures contained in SS's letter and the estimates which underlie them:

estimated recoverable gas of between 43-70 bcf x £15 per 1,000 cubic feet = potential valuation of £645m-£1,050m.

Thus, over the field's expected 20-year life, average annual revenue falls in the range of £32.25m to £52.5m.

https://www.ukogplc.com/ul/UKOG%20Jeremy%20Hunt%20MP%20100622.pdf

UKOG tweeted SS's letter of 10/06 to Jeremy Hunt 20 minutes ago.

The GM will be held at the offices of Fladgate LLP, 16 Great Queen Street, London WC2B 5DG on Monday 13 June 2022 at 11.00 a.m.

Remains an 88% BUY at barchart:

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

gwilliams71,

All I am doing is taking the figures SS provided to Jeremy Hunt in his letter to him of 10/06.

If the revised Exploration Targets for each of the Amitsoq Island deposit and Kalaaq are
successfully converted into defined Resources following the planned further drilling, this would
maintain Amitsoq’s position as one of the highest-grade projects globally with total Resource
tonnage comparable to that of Vittangi (see Table 1)

Table 1 includes this comparison:

Talga's market cap: AUD 385.5m

GROC: £6.7m

https://www.rns-pdf.londonstockexchange.com/rns/5600O_1-2022-6-12.pdf

As per SS's letter to Jeremy Hunt:

estimated recoverable gas of between 43-70 bcf x £15 per 1,000 cubic feet = potential valuation of £645m-£1,050m.

So, over the field's expected 20-year life:

average annual revenue falls in the range of £32.25m to £52.5m.