Member Info for ocelot

Triple-digit oil prices are possible in the next few months as geopolitical risks and “struggling” supply hit global crude markets, said Chevron Corp.’s top executive.

Demand for petroleum is growing faster than production as the world transitions away from the worst of the pandemic, Chief Executive Officer Mike Wirth said Friday on Bloomberg TV. But in contrast to recent years, international politics, such as Russia’s military build-up near Ukraine, are also starting to spook markets, he said.

“A few years ago these types of events didn’t seem to really impact commodity markets, and today they seem to be doing so,” he said. Oil priced at “$100 is certainly within the realm of what we could see in the next few months.” ...

But sky-high oil prices won’t last indefinitely, Wirth said after the company reported fourth-quarter earnings. “Longer term we think markets rebalance and prices will moderate.”

https://www.bloomberg.com/?sref=Em01M8Hr

You're gone off at a tangent: my post concerned the 2 ways in which a rise in the price of oil favours UKOG at HH.

You've lost me, Ibug. What doesn't?

A higher price for oil will mean that the same volume of oil generates more revenue: are you disputing this statement of the obvious?

The higher oil price works in UKOG's favour at HH in 2 ways:
1/ and obviously, more revenue is generated by the same volume of oil; and
2/ the costs of water disposal are related to the volume of water, so will reduce as a percentage of revenue.

.

Surprise, surprise!

Are you waiting for anything in particular?

So, at the present time, are you buying or selling, Ibug?

Those who are negative about Angus used to dominate this board and treat it as theirs (I'm talking about the 2nd half of 2019, after the Brockham RNS of 28/06/19).

As time has gone by, they have become an ever-smaller minority, as more and more new investors in Angus have arrived on the board.

Prospects for the company are looking ever-more promising, as the number of no less than 5 participants in the Formal Sale Process testifies.

Best wishes to all invested, or contemplating investment, in Angus.

Things are going pretty well across the board at the moment for Angus and no wonder as there are six potential buyers yapping around its ankles, the data room will be heaving with investors. In the meantime George Lucan and his team are getting on with business as usual, quite right too. When we spoke recently he was concerned about supply hold-ups especially coming from overseas markets, it looks like he has that one under control as well.

Jamesthesecond,

Think those are disclosures relating to the offeror company Sou - the percentage holdings aren't correct for Angus.

When the European energy crisis started in mid-2021, Brussels bet the upheaval would be largely gone by spring. As it became obvious that wasn’t going to happen, it speculated the problems wouldn’t last beyond 2022. That wager looks to be off, too. Away from the daily gyrations of European spot natural gas prices — swinging between worries about a potential Russian invasion Ukraine and the effects of mild winter — the forward market has begun to price trouble in 2023, 2024 and beyond.

Europe imports approximately 40% of it gas from Russia, and if a war — one that Moscow says it does not intend to launch — led to the loss of all those supplies, the region would be forced to take draconian measures, including shutting large swathes of its energy-intensive industry. European gas prices would spike multiple times higher than the record high set in December.

The gas crisis, however, goes deeper and will remain beyond the spat with Moscow and the lingering impact of the cold winter of 2020-21. Domestic gas production is falling, notably in the Netherlands and the U.K., and that means a growing share of the gas Europe consumes must come from abroad. With Asian demand for liquefied natural gas (LNG) rising fast, Europe will have to compete for supplies — at a price. Russia, via its state-owned giant Gazprom, is unlikely to refill the depleted European gas inventories as it once did every summer, ahead of the high-demand winter season. Europe will have to go it alone...

Europe must assume that the high gas prices of the last few months aren’t a one-off, but perhaps the start of a new trend. The response, including how to protect the most vulnerable consumers, must take that into account. The subsidies that some governments are deploying today — envisioned as temporary — may have to settle into long-term commitments.

https://www.bloomberg.com/opinion/articles/2022-01-27/europe-will-continue-to-struggle-with-gas-prices-even-after-the-spat-with-russia?cmpid=BBD012722_CEU&utm_medium=email&utm_source=newsletter&utm_term=220127&utm_campaign=closeeurope&sref=Em01M8Hr

When the European energy crisis started in mid-2021, Brussels bet the upheaval would be largely gone by spring. As it became obvious that wasn’t going to happen, it speculated the problems wouldn’t last beyond 2022. That wager looks to be off, too. Away from the daily gyrations of European spot natural gas prices — swinging between worries about a potential Russian invasion Ukraine and the effects of mild winter — the forward market has begun to price trouble in 2023, 2024 and beyond.

Europe imports approximately 40% of it gas from Russia, and if a war — one that Moscow says it does not intend to launch — led to the loss of all those supplies, the region would be forced to take draconian measures, including shutting large swathes of its energy-intensive industry. European gas prices would spike multiple times higher than the record high set in December.

The gas crisis, however, goes deeper and will remain beyond the spat with Moscow and the lingering impact of the cold winter of 2020-21. Domestic gas production is falling, notably in the Netherlands and the U.K., and that means a growing share of the gas Europe consumes must come from abroad. With Asian demand for liquefied natural gas (LNG) rising fast, Europe will have to compete for supplies — at a price. Russia, via its state-owned giant Gazprom, is unlikely to refill the depleted European gas inventories as it once did every summer, ahead of the high-demand winter season. Europe will have to go it alone...

Europe must assume that the high gas prices of the last few months aren’t a one-off, but perhaps the start of a new trend. The response, including how to protect the most vulnerable consumers, must take that into account. The subsidies that some governments are deploying today — envisioned as temporary — may have to settle into long-term commitments.

https://www.bloomberg.com/opinion/articles/2022-01-27/europe-will-continue-to-struggle-with-gas-prices-even-after-the-spat-with-russia?cmpid=BBD012722_CEU&utm_medium=email&utm_source=newsletter&utm_term=220127&utm_campaign=closeeurope&sref=Em01M8Hr

Page 50, Table 6-5 NBP Forward Prices: Calculation of Net Gas price at Sales Point £/MMSCF

https://www.angusenergy.co.uk/wp-content/uploads/2021/10/Angus-Energy-Saltfleetby-Reserves-Valuation-Report.pdf

The truth is, surely, that shareholders are comfortably placed because management is itself comfortably placed:

Saltfleetby is progressing, so management is under no pressure to accept a low ball offer from one of the 5 participants in the FSP with whom they are engaging constructively.

Detractors will doubtless continue to try to instill worries but are running out of subject-matter to exploit to this end.

It is 3 weeks today that the Formal Sale Process was launched.

The company is now engaging constructively with 5 potential participants.

Detractors complain about delays to Saltfleetby. It is much harder for them to complain about delays to the FSP, because there don't appear to be any.

It's the market, WG818, not an archive.

What happened 2 years ago is for the archivists. What matters to the market is the present and the future (imho).

The Company is pleased to announce that all potential participants in the Formal Sales Process, presently numbering five have, along with Sound Energy plc, been invited into the Company's data room and the Company HAS ALREADY BEGUN CONSTRUCTIVE ENGAGEMENT WITH THESE PARTIES.

Looking forward to the next update(s).

The infographic from the website under media/presentations: identifies suppliers, ...

https://www.angusenergy.co.uk/wp-content/uploads/2022/01/Site-component-deliveries.pdf

ZYX098,

Hmmm, tricky one. I'm going to take a guess at 2% p.a. on their c. £35 Million debt ...
---------------------
There is no £35m debt. Borrowings at 31/03/21 were £3.086m and consist of the advances to HHDL made by the 2 outside investors, principally Alba, where interest is, from memory, 10% over base rate.

The dewatering permission has slowed down exploration of the flooded Llechfraith shaft but doesn't call into question the quality and potential magnitude of the resource they have in Clogau and the Dolgellau gold field.

Have been here a good, long time, have witnessed management's confidence in the prospects for North Wales and how it has grown as their work has progressed and everything they have undertaken has either met or exceeded their expectations.

Believe this a basement level share price and don't know how many floors there are above.