Member Info for ocelot

up from 1.35p to 1.45p in the middle

2nd monitoring extension: the spread had got out of synch with the prices at which deals were being executed.

The first few steps on Europe’s quest to cut its dependence on Russian energy have come with record electricity prices.

Monthly average rates in some of Europe’s biggest markets have never been higher than in March as low stocks of both natural gas and coal pushed up the cost of generating electricity from fossil-fuel plants. It’s a sign of what’s to come as the European Union plans to wean itself off decades of heavy reliance on its top supplier...

https://www.bloomberg.com/news/articles/2022-03-30/record-european-power-prices-show-costly-path-away-from-russia?sref=Em01M8Hr

She was right about Angus having been approached by outside parties re Saltfleetby.

Yes, it fell vertically from about 4p on the Brockham RNS of 28/06/19, having already fallen sharply from about 6p.

Just looked at the 2-year graph and, at 1.40p, we above the high of that graph, too.

Time to look at the 3-year graph!

A reminder that there is a total of 1.65m warrants to be exercised as follows:
50% at 1.20p
25% at 1.35p
25% at 1.50p

(see the placing RNSs of 27/01/21 and 01/02/21)

I see a filtered poster has kindly used my words as the subject of a thread:

thank you whoever you are!

Also:

1/ standalone geothermal projects;
2/ hybrid energy sites centred around subsurface gas and/or hydrogen storage;
and
3/ a full due diligence evaluation of one international property is now in its final stages.

There is a lot going on.

A "possible" offer of 1.50p was made by SOU.

We don't know at what level another/other offer(s) will be made.

On another board, Gideons has pointed out that 88E is down sharply this morning.

Last year, around Easter, it was money transferring across from 88E that seemed to be responsible for at least part of the pronounced rise in UKOG's shares.

Up about 10% at present, around the 275p level:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5253318

... According to the OEUK report: "Investment in the oil and gas sector has fallen from about £16bn/year in 2014 to £5.5bn in 2019 and a predicted £4bn this year.

"The causes are varied but the UK's complex regulatory environment, plus the political disagreements around issues like climate change and windfall taxes are all factors deterring investment."

Ross Dornan, the OEUK market intelligence officer, said: "About 75% of the UK's total energy comes from oil and gas - about 2% up on last year. That is because 80% of our homes are heated by gas which is also used to make 42% of our electricity. We also have 32 million vehicles that rely on petrol and diesel.

"The energy gap between what we produce ourselves and that which comes from other nations will keep growing unless we invest in exploration and production on the UK's continental shelf.

"We must also accelerate the development of cleaner energy like hydrogen. Investment now will give us energy security in the years to come." ...

The UK could be wholly dependent on imports of oil and gas within 15 years without political backing, the industry body has warned.

Ten major oil and gas projects worth up to £3.5bn are close to starting.

But Offshore Energies UK (OEUK), which represents the oil and gas industry, is warning about a lack of government commitment to the industry's future.

It comes amid pressure for greener energy solutions and calls for a windfall profits tax on producers.

OEUK says there could be import dependency by 2037 without the confidence to invest in the next year.

But with more commitment to the industry, and if prices hold up, the decline in output from UK waters could be limited to 5% per year, it suggests.

The message, issued in OEUK's annual business outlook, is aimed at the UK government which is drawing up an energy security strategy, with publication delayed probably until next week...

https://www.bbc.co.uk/news/uk-scotland-scotland-business-60907660

debt free by the year-end, that is a very impressive rate of payback.

The posters on a rival site have pushed Angus into 2nd position amongst top share forums.

06:53: "enormous cash-producing potential of this field (Saltfleetby)".

Also, towards the end, says the price of natural gas looks to remain high and is hopeful for the medium term, which he then defines as the next 5/6/7 years.

I missed that, presumably it was late-reported: almost 17.5m at 0.182p, that's why the spread came down.

AIM volume of 55.3m now.

Yes, don't understand, certainly not the trade done at 0.2498p when the offer was 0.21p.

6.5m trade at 0.198p.

Today's AIM volume now 36.2m.