Member Info for ocelot

The share traded at very low levels for a long time. Presumably, the shares are coming from those who are sitting on gains in the range of about, say, 25%-75%.

Note: if they are some of the remnants of the anti-Angus action group, then their continued posting is a persistent reminder of the failure of their legal ambitions.

They might be the remnants of the anti-Angus action group which was active for a while after the Brockham RNS of 28/06/19. Unable to pursue their legal ambitions, they took to posting negatively on bulletin boards.

It was inevitable that some of the naysayers would begin to focus on the sidetrack as soon as they became convinced first gas was fast approaching.
It is, therefore, bullish they are now turning their attention to the sidetrack.

https://www.bloomberg.com/news/articles/2022-05-16/uk-plans-to-label-gas-as-a-green-investment-to-replace-coal?srnd=premium-europe&sref=Em01M8Hr

From Bloomberg's home page.

https://www.bloomberg.com/news/articles/2022-05-16/uk-plans-to-label-gas-as-a-green-investment-to-replace-coal?srnd=premium-europe&sref=Em01M8Hr

From Bloomberg's home page.

Critical shipments of natural gas are being turned away from British ports because National Grid fears it will be overwhelmed by supplies intended to tackle the European energy crisis....

I don't subscribe. The beginning of a Telegraph article dated yesterday.

technicals seem to be improving.

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

A top commodity research firm in Norway warns a "perfect storm" is brewing as European energy security worsens following Russia's invasion of Ukraine, which could result in the tripling of natural gas prices.

"There simply is not enough LNG around to meet demand. In the short term, this will make for a hard winter in Europe.

"For producers, it suggests the next LNG boom is here, but it will arrive too late to meet the sharp spike in demand. The stage is set for a sustained supply deficit, high prices, extreme volatility, bullish markets, and heightened LNG geopolitics," Kaushal Ramesh, a senior analyst for Gas and LNG at Rystad Energy, wrote ...

A top commodity research firm in Norway warns a "perfect storm" is brewing as European energy security worsens following Russia's invasion of Ukraine, which could result in the tripling of natural gas prices.

"There simply is not enough LNG around to meet demand. In the short term, this will make for a hard winter in Europe.

"For producers, it suggests the next LNG boom is here, but it will arrive too late to meet the sharp spike in demand. The stage is set for a sustained supply deficit, high prices, extreme volatility, bullish markets, and heightened LNG geopolitics," Kaushal Ramesh, a senior analyst for Gas and LNG at Rystad Energy, wrote ...

https://www.zerohedge.com/commodities/european-natural-gas-prices-triple-perfect-storm

NSTA approves conversion of HH-2z into a water reinjector

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that following the Environment Agency's Horse Hill production consent as announced on 4(th) May 2022, the North Sea Transition Authority ("NSTA"), formerly the Oil and Gas Authority, has now granted its formal consent for the recompletion (i.e., conversion) of Horse Hill-2z into a water reinjection well. The Company holds an 85.635% operated interest in the Horse Hill oil field and surrounding PEDL137 licence.

With both the Environment Agency and NSTA permissions in hand, UKOG can now further expedite its plans for produced saline formation water reinjection at Horse Hill during 2022, which, if implemented, would remove the need for costly transportation and disposal of produced water at distant third-party sites.

Intriguing, isn't it?

NSTA approves conversion of HH-2z into a water reinjector

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that following the Environment Agency's Horse Hill production consent as announced on 4(th) May 2022, the North Sea Transition Authority ("NSTA"), formerly the Oil and Gas Authority, has now granted its formal consent for the recompletion (i.e., conversion) of Horse Hill-2z into a water reinjection well. The Company holds an 85.635% operated interest in the Horse Hill oil field and surrounding PEDL137 licence.

With both the Environment Agency and NSTA permissions in hand, UKOG can now further expedite its plans for produced saline formation water reinjection at Horse Hill during 2022, which, if implemented, would remove the need for costly transportation and disposal of produced water at distant third-party sites.

Legalease,

A tailwind of positive sentiment would be even better :-)

Ninetails,

I refer you to my post of 20:07 quoting in full my post of 20:23 of yesterday.

Imho, the simplest is to accept that we hold different views of UKOG and its prospects.

My post of 20:23 of yesterday:

Ninetails,

No problem in recognising I've been too bullish for quite some time.
Seems to be in the nature of the exploration business, things don't always work out as planned. And England's regulatory regime has been a major source of delay, too, (perhaps, in addition to coming out of the EU, we should have come out of England, too!).
That is the past, time to turn to the future.

... why do you continually try daily, weekly, monthly, yearly to flog a dead horse???
------------------
"Dead horse" is your view of UKOG, Ninetails, not mine.

Hundreds of protesters gathered in east Suffolk on Sunday to oppose the building of the Sizewell C nuclear power station.

Carrying banners that read "chaos coast coming soon", "EDF-off" and "we don't want to be beside the C", the crowd marched from Leiston to Sizewell beach.

The demonstration took place days after ministers deferred a decision on whether to grant development consent by six weeks.

Earlier this week, the Department for Business, Energy and Industrial Strategy set a new deadline of July 8 as it seeks more information on issues such as water supply ... (Press Association via Bloomberg)

The derampers don't seem to have many (if any) reasons to sell UKOG at its current price of 0.122p.

Some of them seem to be suggesting that it is a trading stock which can be sold on the next spike.

But that is, of course, an argument to buy UKOG now in order to benefit from the next spike.

will do more than Cop26 for drive to net zero".

It's the title of an article on p9 of this morning's Sunday Times. Some quotations:

"It is becoming clear the energy crisis is not a blip ... Simon Cran-McGreehin, head of analysis at the Energy and Intelligence Unit, said: "Even if the war ended tomorrow it will take years to unpick all the damage done to supply chains in the energy and other sectors".

Tom Edwards, a senior analyst at the energy market consultancy Cornwall Insight, said that prices may peak this year or next, but are likely to stay high until at least the end of the decade. "We will not get back down to the pre-crisis levels until to 2030s or even 2040s", he said.

(Michele) DellaVigna (an analyst at Goldman Sachs) believes the crisis ... will last for at least 5 to 10 years. "Globally we spent $1.5 trillion (on energy) in 2014. And that number came down to below $1 trillion in 2020. We think we need to spend at least between $1.5 and $2 trillion if we want to have a well functioning, decarbonising energy system that can provide energy for a growing world population".