Member Info for ocelot

About a 60% rise on front months now:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188707

Wow!

Front months up about 60% now:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188707

Some oil traders are pausing purchases of Russia’s crude while they wait to see how the West responds to the nation’s invasion of Ukraine.

Five crude traders and refinery officials said that there’s currently a hiatus in buying of Russian barrels. The pause mirrors what’s happening in the oil-tanker market, where owners are also avoiding offering their ships to transport the nation’s crude.

The situation has seen traders rushing to secure supplies from elsewhere in the world, according to Frontline Ltd., one of the world’s largest owners of supertankers... (from Bloomberg)

https://www.angusenergy.co.uk/media/investor-questions/

Could GP know something that we don’t?
-------------------------
Apart from research undertaken by themselves, no, because that would require an RNS to put all shareholders on an equal footing.

For myself, think they are simply taking advantage of the price to pick up more stock cheaply.

Have no answer to your question, Yanis.

We have seen GP (Jersey) Limited take advantage of the price to raise their stake to 12.08%. For myself, that seems a very sensible thing to do.

Brent: $105.09 + 8.52%

+ $59.33

About a 30% rise on front month futures contracts:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188707

About a 30% rise on front month futures contracts:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188707

The operating margin is the margin between revenues and operating costs.

In the event of success, a price of Brent at $103 instead of $40 will increase revenues and, hence, the operating margin.

Brent: $103.00

The prospective operating margin in SE Turkey has moved up to $88 from the $25 at the time of the first RSN, an increase of 252%.

Obviously, they do need to find oil in commercial quantities to benefit from that margin.

... Analysts from Goldman Sachs Group Inc. to Wood Mackenzie Ltd. and Rystad Energy AS forecast higher prices to last through the remainder of this year because of a deficit of the fuel used in power generation, industry and heating.

Benchmark Dutch gas futures traded at 30% higher at 116 euros a megawatt-hour by 8:02 a.m. in Amsterdam...

https://www.bloomberg.com/news/articles/2022-02-24/european-gas-prices-surge-after-russia-attacks-ukraine-targets?sref=Em01M8Hr

5 bona fide interested parties yet the share price continues to behave as if no bids will emerge.

5 = 0, apparently.

GP (Jersey) bought 2m shares yesterday, now hold 12.08%

royoboy,

"We're" is an abbreviation of "we are", so you have written: "we are is".

5 factors in Angus's favour (in no particular order):
1/ the geopolitical situation further underpinning natural gas and energy prices;
2/ lowly valuation of the stock;
3/ 5 bona fide participants engaged in due diligence (RNS of 04/02)
4/ cashed-up following the recent placing;
5/ work visibly advancing on site.

About a 10% rise on futures prices at the present time:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188707

Investors were today bracing for oilprices as high as $140 a barrel as the movement of Russian troops into Ukraine put Europe’s energy supplies on the edge of crisis...

https://www.standard.co.uk/business/russia-ukraine-oil-price-vladimir-putin-gas-nord-stream-2-ftse-100-b983877.html

From Alba's presentation of 08/02/22, re Horse Hill (p29):

Several opportunities identified
Plans for further production wells to be drilled in future in order to ramp up production volumes

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