Member Info for ocelot

In 2020, it multiplied about 11 times from the bottom to the peak within about a couple of months.

Not saying that will happen again, but it does show just how volatile the share can be at times.

The exercise of warrants means that the warrants and required cash are exchanged for new shares, the investors no longer hold warrants, they hold shares in their place.
This is why the exercise of warrants requires an RNS from the company informing the market of the new total number of issued shares, key information for the market.
To avoid issuing too many RNSs, the company will probably bunch together a number of such operations once they begin.

There are about £2m of warrants to be exercised between 1.20p and 1.50p

Currently showing as the 3rd biggest volume stock on the market on a rival site.

Such a high component of cash in the market cap helps to de-risk investment in Alba and, imho, merits a higher rating of the stock.

or, in other words, cash and cash equivalents constitute about one third of Alba's current market cap.

Market cap of £11.9m
Take out cash and cash equivalents of £3.9m leaves £8m for the business itself.
Looks way undervalued!

£3.948m of cash and cash equivalents at 30/11/21.

... Our focus at Alba on near-term projects in safe jurisdictions with multiple follow-up targets, access to existing infrastructure and relatively short timelines to achieving value-enhancing development milestones has served us well. We intend to build on this going forward and while there is still much value to be generated in our existing assets, we continue to evaluate potential new projects to strengthen our portfolio further.

I look forward to providing shareholders with further updates on our progress as we focus on ensuring the underlying value of our assets and investments is more fully reflected in our share price ...

This is not the only mention of potential new projects.
The share price is undervalued in the eyes of management.

Recent welcome news from the Horse Hill oil field, in which we have an investment of 11.675% via our holding in Horse Hill Developments Limited, is the grant of a full Production Permit ("PP") from the Environment Agency, enabling production and water re-injection operations, incineration of waste gas, maintenance/workovers and the drilling of further development wells under a single permit, a move forward from the umbrella of testing permits in place to date. 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.

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Tweet or no tweet, RNS or no RNS, the market seems to be getting behind Angus.
Long may it continue!

Very healthy volume for this time of the session: 40.1m.

Note: Angus's Saltfleetby is close to first gas, so way ahead of Loxley, but earlier this year Angus had 5 different parties expressing interest in it (or in the company as a whole).

There's also the possibility of an acquisition in the US.

Since this will need to be financed, it's one reason why I wonder if they've not been approached for a part of Loxley (on condition the appeal goes their way).

Agreed, kammi, it does look as if things are beginning to go UKOG's way.

Just reminded myself of the float: 25.24% is held by 4 significant shareholders and a further 1% is held by management, to total 26.24% in all and making the float 73.76%:

https://www.angusenergy.co.uk/investors/share-structure-significant-shareholders/

includes trade 203, 10m at 1.35p at 14:50:54 when the spread was 1.30/1.35.

20.3m of late-reported trades so far.

Reminder of George Frangeskides, Alba's Executive Chairman's comment in their RNS of 05/05:

"This is welcome news. 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."