Member Info for ocelot

We aim during January to give a further revision to the timetable with days not weeks set for target deliveries for each skid/programme element and follow this with a daily update of snapshots of our 3D visual model of the site showing progress as each element is closed out ...

All questions have now been answered.

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

except for 2 at the present:

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

18. An AIM company must prepare a half-yearly report in respect of the six month period from the end of the financial period for which financial information has been disclosed in its admission document and at least every subsequent six months thereafter (APART FROM THE FINAL PERIOD OF SIX MONTHS PRECEDING ITS ACCOUNTING REFERENCE DATE FOR ITS ANNUAL AUDITED ACCOUNTS).

https://twitter.com/angusenergyplc?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

“The political pressure forcing available capital away from the energy industry is a problem for everyone,” an unidentified survey respondent said. “Banks view lending to the energy industry as having a ‘political risk.’ ...

On a worldwide basis, demand for fossil fuels currently remains impervious to environmental considerations. In all logic, therefore, as supply diminishes, the shares of fossil fuel companies should be a major beneficiary of the environmentalists.

I do wonder if, over time, oil in place may not attract a higher relative valuation.

Don’t let the recent meltdown in European natural gas prices fool you. The energy crunch of 2021 will last for years.

That’s what futures traders are betting on, with spot prices dropping a lot more than forward contracts over the past week. The scale of the moves signal the flotilla of liquefied natural gas cargoes heading to Europe will only provide short-term relief, and prices will still be expensive all the way to March 2023 ...

“Europe’s gas problem may not go away next year,” Andrew Hill, head of European gas analysis at BloombergNEF, said in a report on Wednesday. “Geopolitical issues and acrimony with Russia, particularly around the Nord Stream 2 pipeline, will increase the scope for Russia to limit flows to Europe in the first half of the year, and potentially much longer.”

Spot gas prices fell almost 40% over the past week, while losses for forward contracts were capped at about 30%.

https://www.bloomberg.com/news/articles/2021-12-29/don-t-mistake-the-gas-meltdown-for-end-to-europe-s-energy-crisis?sref=Em01M8Hr

Oil drillers in the biggest U.S. fields are shouldering record costs at the same time that some banks are increasingly reluctant to loan money to the sector, according to the Federal Reserve Bank of Dallas.

Equipment, leasing and other input costs for oil explorers and the contractors they hire surged to an all-time high during the current quarter, the Dallas Fed said in a report released on Wednesday. Drillers also are seeing the universe of willing lenders shrink in the Eleventh Federal Reserve District that includes Texas and parts of Louisiana and New Mexico.

“The political pressure forcing available capital away from the energy industry is a problem for everyone,” an unidentified survey respondent said. “Banks view lending to the energy industry as having a ‘political risk.’ The capital availability has moved down-market to family offices, etc., and it is drastically reducing the size and availability of commitments regardless of commodity prices.”

Meanwhile, supply-chain snarls are hindering efforts to replace diesel-burning pumps with cleaner, electric-powered gear in the Permian Basin, where components such as transformers are in “extremely short supply,” another respondent said.

https://www.bloomberg.com/news/articles/2021-12-29/shale-drillers-facing-record-cost-pressure-as-banks-shun-sector?sref=Em01M8Hr

https://twitter.com/angusenergyplc?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Merry Christmas to all posters on this board.

Wishing all posters on this board a Merry Christmas.

Wishing, too, a Merry Christmas to George Lucan, all the team at Angus and all those from outside Angus who are working on progressing Saltfleetby.

For a glimpse of how much longer this year’s energy crunch is going to last, look no further than the European natural gas market.

Forward prices have more than doubled over the past month, with traders betting the unprecedented squeeze will last into early 2023. Gas will be expensive even when the weather is hot. Prices for the summer exceeded 100 euros ($113) a megawatt-hour this week, the highest on record.

Europe is facing an energy crisis, with Russia curbing supplies and nuclear outages in France straining power grids in the coldest months of the year. And there’s no relief in sight. Germany said Russia’s controversial Nord Stream 2 pipeline won’t be approved in the first half of 2022, a move that will probably keep supplies capped in the summer, when Europe need gas to fill storage sites.

“Help does not appear to be on the way,” said Kaushal Ramesh, a senior analyst at consultants Rystad Energy in Norway. The increase in forward prices is “suggesting another year of volatility and a continued high price environment.” ...

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

Valid date of the application: 16/12/21

everybody.

https://drillordrop.com/2021/12/23/ea-minded-to-permit-waste-water-reinjection-at-surrey-oil-site/

Lincolnshire County Council has listed the application to be decided by planning officers under delegated powers, rather than by the planning committee.

More photos tweeted today:

https://twitter.com/angusenergyplc?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Energy bills to soar 50% unless government intervenes, warns industry:

https://www.bbc.co.uk/news/business-59760331

https://www.barchart.com/futures/quotes/NF*0/historical-prices?orderBy=contractExpirationDate&orderDir=asc&page=1

Ibug,

The subject is Loxley.

UKOG's volumetric study is dated 21/09/20, it is very difficult not to go back to 2020 if one is discussing the results of this study.

For the evolution of natural gas prices, however, there is no need to go back to 07/01/21, because they have continued to evolve during this year.