Member Info for ocelot

WSCC has approved a 2-year extension of UKOG's Broadford Bridge site.

... UKOG’s planning consultant, Nigel Moore, told today’s committee the proposal sought to defer restoration in order to analyse existing data. It made economic and environmental sense to analyse data in advance and avoid restoring the site prematurely, he said.

UKOG was exploring new methods of oil exploration at Horse Hill, he said. The company’s understanding of the local geology was “improving all the time” ...

https://drillordrop.com/2022/05/18/breaking-restoration-of-dormant-broadford-bridge-oil-site-delayed-for-another-two-years/

James Neave, West Sussex’s principal planner, told the committee:

“there is a justified need for the proposed extension for the further appraisal of the viability of the target hydrocarbon resource through analysis of other sites that may share commonality with the target hydrocarbon discovery”.

“Potential contribution to UK energy security”

UKOG’s planning consultant, Nigel Moore, told today’s committee the proposal sought to defer restoration in order to analyse existing data. It made economic and environmental sense to analyse data in advance and avoid restoring the site prematurely, he said.

UKOG was exploring new methods of oil exploration at Horse Hill, he said. The company’s understanding of the local geology was “improving all the time”.

Mr Moore said no material effects on residents were predicted. Impacts on the environment were considered acceptable.

The British energy strategy requires better use of domestic hydrocarbons, Mr Moore said. He said Broadford Bridge could contribute to future energy security ...

https://drillordrop.com/2022/05/18/breaking-restoration-of-dormant-broadford-bridge-oil-site-delayed-for-another-two-years/

Ninetails,

You have combined 2 extracts from different years into one without making it clear this is what you have done (hence the absence of any source for your extract).

You concluded your post of 11:47 with these words: "Total bull Shizt".

But your conclusion relates to a quotation you have yourself created.

This is the RNS of 10/10/18: unless I am mistaken, it makes no mention of the Bahamas:

file:///C:/Users/User/Downloads/rns_news_.pdf

... The Directors consider that these positive KL3 test results now make it increasingly likely that both the Kimmeridge and Portland oil pools are set to make Horse Hill one of the UK's leading onshore producing oil fields. Permanent production at Horse Hill is targeted in 2019. I look forward to the continuing news flow from the remainder of the KL3 test and the final KL4 EWT."

This is an extract from UKOG's RNS of 10/10/18.

Can you cite the source of your extract, please, Ninetails?

High-resolution UAV Aeromagnetic Geophysical survey planned to pinpoint the bedrock sources of geochemical anomalies (from p14 of the corporate presentation of 08/02/22).

Maybe hear more about this soon.

https://www.albamineralresources.com/wp-content/uploads/2022/02/Alba-presentation-2022-1.pdf

It was also SS's view that the Loxley gas project "is perhaps one of the UK onshore's most valuable undeveloped assets" and this was before the enormous rise in natural gas prices had begun.

"The new seismic is an improvement on the prior 1982-92 data and for the first time links the original Basur-1 discovery with the Resan wells at the southeastern culmination of the anticline, providing encouragement that a single hydrocarbon accumulation could be present over the entire 60 km(2) Basur-Resan anticline ...

SS made it clear in that RNS of 20/04 that this interpretation was "in the Company's view" and not in the partners' view.

Nevertheless, further developments are awaited with keen interest.

Good point, Porter_

EUA's market cap is currently about £220m.

Around Easter last year, money came out of 88E and into UKOG. 88E's market cap was much higher than that of UKOG. UKOG's share price trebled!

Excellent volume of 79.1m (before any further late-reported trades) on a day when there was neither an RNS nor a tweet.

They are all both! In order to sell shares you have to have a buyer.
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No, Howey1927, you have to have a market-maker. It is for the market-makers to decide how they run their books.

Volume of 46.6m, that is noticeably better than these last several days at this stage of the session.

11% rise on the front month at present, June is back up to 191p:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5253320

Why is it all the LTL's want to know what I am doing and why? Now that really is sad ...
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You've changed the subject, Ibug.
Speaking for myself, I have zero interest in what you claim to be doing elsewhere in the market. What I don't understand is what so fascinates you about UKOG that it is the only stock on which you post.

ocelot
Don't have the time ...
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Ibug, regular posters on this board, including you and myself, do not seem to lack for time!

it would be useful if they could provide an updated economic forecast for revenue and profit based the the futures prices on a particular day.
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GL has already spoken of natural gas prices behaving like Bitcoin. The problem with producing forecasts based on one particular day's closing price for natural gas is that it is likely to be out of date the following day.

Why would I advertise what other shares I deal in?
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Why would you not post on other shares you claim to be interested in?

https://drillordrop.com/2022/05/16/further-approval-of-waste-water-reinjection-at-horse-hill-oil-well/

on or before Tuesday, 7th June, ie in a maximum of exactly 3 weeks from today.