Member Info for ocelot

... and 18% of diesel.

Shouldn't that be the other way around? low market cap relative to Net Present Value.

If Michael Gove and his ministry are prepared to confront the environmental lobby over a new coal mine, then things are looking favourable for UKOG's Loxley appeal.

The headline seems to be a fair resume of the content of the article, Ibug.

Ninetails,

£1 isn't 2p/5p, that sounds as if you are going back a number of years, probably to the time of the big rise in 2017. Different time, different market.
The share price is now 0.115p, so would need to be particularly unwary to buy in today on the basis of an anonymous poster's predictions of 2p/5p.

Ninetails,

Are you aware of any "unwary investors" who have bought in after reading predictions of "2p/5p and beyond"?

From Citywire's round-up of Sunday's papers:

The Sunday Telegraph: Michael Gove is on the cusp of approving Britain's first coal mine in decades as the Cabinet rallies behind a proposal to wean the country off Russian imports.

From the Chairman's statement in the Final Results RNS of 14/03:

... As always, we are constantly reviewing projects to complement our existing portfolio and create shareholder value. With the imminent production at Saltfleetby and real progress made with the Geothermal projects we believe the company is well positioned to take advantage of opportunities as they present themselves.

Hope and believe Angus is on the cusp of a major re-rating:
1/ the company should soon be generating significant cash;
2/ behind that very near-term cash generation, there is the prospect of the sidetrack and of additional totally unhedged production;
3/ and behind that, there is the question of the employment of the cash:
in the first instance, repayment of debt, but once debt is repaid, what next?
4/ Once Saltfleetby is better reflected in the share price, the potential of Angus's other assets should attract the market's attention;
5/ with a more appropriately valued share price, Angus will have a currency with which to undertake some acquisitions themselves, should they identify suitable targets.
If all of this slots into place, then the share can be a multi-bagger from here.

No need for a bet when you are invested.

At 16:10:19, there's a blue trade for exactly £1,000 at 0.1155p.

The long-established Faang acronym which refers to the historically best-performing US technology companies (Facebook, now Meta, Amazon, Apple, Netflix, Google, now Alphabet) has been cleverly redefined by Bank of America Merrill Lynch as Fuels, Aerospace, Agriculture, Nuclear and renewables, Gold and minerals. (from a Citywire article)

Sounds promising for Alba.

WG818,

I will let you dwell on the past.

WG818,

This is really basic stuff but the market anticipates, it is focused on the future and not on the past.

Ocelot. “Negative For no good reason” the management are a laughingstock! Only the gas prices as you point out are saving them at present!
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"Only the gas prices ... are saving them at present".

But Saltfleetby is a gas field! How can you have a view on a stock if you don't take account of what they do?

So yes….I am negative and with good reason!
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WG818,

You are negative bu not for good reason (imho) because, as you effectively concede, you have failed to adjust your stance to take account of natural gas prices, prices which were already posing a problem in September of last year, about 8 months ago.

Not to forget about £2m of warrants to be exercised between 1.20p and 1.50p.

Just a reminder:

George Lucan, CEO, commented: "When we entered the Formal Sales Process in January we had expected that a result would have been concluded by this time. In view of the extended due diligence exercise being performed by bidders for some or all of our interest in Saltfleetby ... (RNS of 11/04/22)

Suggestion in an article on Bloomberg that gas could be heading for a further hike within about 2 months, should Putin insist on payment in rubles by "unfriendly" countries:

... Some analysts, though, don’t see any immediate risks to supply as most payments under the proposed new system aren’t due until later next month.

“We are still a month away from this really being an immediate issue,” said Tom Marzec-Manser, head of gas analytics at ICIS in London. “I certainly don’t see any risk to pipeline supply in the coming month in relation to the currency decree, and really not into June either.”

Russian supplier Gazprom PJSC could be obliged contractually to continue sending gas to Europe, Thierry Bros, a professor at the Paris Institute of Political Studies, said by email.

“If Putin decides to close the tap, that would send prices soaring but this will solve the lengthy discussions on the EU side on when to ban Russian exports.” ...

At least 40% of energy giant E.ON's customers will go into fuel poverty as prices rise this year, the company's chief executive told the Business, Energy and Industrial Strategy Committee on Tuesday, while the head of Scottish Power said this autumn would be "horrific" for poor customers.

https://www.bbc.co.uk/news/business-61164008