Member Info for ocelot

sorry - late-reported from 16:26 yesterday, Forum Energy Services' trade RNS'd this morning.

nearly 11.4m at 1.2126p

... “Commercial oil inventories are low, oil demand could potentially rise to record levels this year, and spare production capacity is expected to fall to multiyear lows,” said Giovanni Staunovo, commodity analyst at UBS Group AG. “The market will be sensitive to any news of potential supply disruptions.” ...

The IEA’s report said global oil inventories have plunged over the last 12 months. Stockpiles are down by more than a billion barrels since the peak of May 2020 and are well below pre-pandemic levels, the report said ...

Oil climbed to the highest since October 2014 as the International Energy Agency said the market looked tighter than previously thought, with demand proving resilient to omicron.

The global supply surplus is shrinking and oil demand is on track to hit pre-pandemic levels, according to a report from the IEA. The agency also said there’s a growing gap between changes in global stockpiles and supply-demand balances. That’s a further indication that production could be lower, or consumption could be higher, than the market estimates, it said ... (Bloomberg)

The business secretary, Kwasi Kwarteng, tweeted in response to the ruling:

“I welcome today’s High Court judgement.

“Turning off North Sea oil and gas overnight would put energy security, jobs and industries at risk – and make us even more dependent on foreign imports. This has to be a transition, not extinction.”

https://drillordrop.com/2022/01/18/judge-rejects-case-against-oil-and-gas-regulator/

Best wishes for a speedy and full recovery.

Volume is good: 23.4m on AIM, 9.8m on Aquis, 33.2m in all so far.

top % gainer in the market at present

12 month target to have Amitsoq and/or TBS established as development projects

I was thinking of diving in yesterday, but changed mind now after this director sale.
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You are confusing companies, he's not a director of Angus.

"plenty more upside to go"

A good day's volume, no matter which figure you take (a rival site is showing 89.5m).

"at least 6 bona fide approaches".

To date, the only one voluntarily to have broken cover is Sound - I don't know why they did that but can understand why at least 5 have preferred to remain, for the present, hidden.

A U.K. power supplier backed by a local government council collapsed, adding to the political fallout as Prime Minister Boris Johnson’s administration grapples with an energy crisis.

Together Energy Retail Ltd. was part-owned by northern England’s Warrington Borough Council -- leaving taxpayers potentially on the hook -- and supplied 176,000 domestic customers. More than 4 million households have now been affected by suppliers failing since the crisis started in the summer, and as consumers brace for steep hikes in their bills, pressure is building on the government to act ...

https://www.bloomberg.com/news/articles/2022-01-18/u-k-supplier-together-energy-collapses-with-176-000-customers?srnd=premium-europe&sref=Em01M8Hr

Microsoft Corp. is spending $69 billion on the biggest cash-funded takeover since the start of the coronavirus pandemic, with its purchase of Activision Blizzard Inc. (Bloomberg)

Perhaps Microsoft would like to diversify into natural gas? (I AM joking).

We're at a level where some warrant holders will be thinking about exercising those at 1.20p, in order to have the shares available for sale.

When the first CPR was published, we had volume of 200m shares (adjusted for trades reported the following day).

The number of shares in issue was considerably less at the time.

For the present, we are far from having achieved the same level of excitement.

Agreed, late-reported, from 11:10 and 11:12 this morning.

It's a first declared bid.

What we need is interest in Angus &/or Saltfleetby from a player with deeper pockets than Sound.

How serious is the Sound bid?

In theory, an investor can buy up to 30% of a stock before being obliged to bid for the whole company.

The share price is currently below Sound's proposed price. They would be mopping up shares at this price if they intended to proceed with the bid.