Member Info for ocelot

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

EchDelta,

The dilution was taken into account, 1,093m shares is the increased number of shares in issue.

per 18/06/21 presentation:
Saltfleetby: £20m
Lidsey: £15m (after 80% prudential discount)
Geothermal: £8m (after 90% prudential discount)
Total: £43m

Uplift Saltfleetby by 54% for the amended CPR of 26/10/21: + £10.8m
Uplift Lidsey by, say, £15m to reduce the prudential discount to 60% from 80%: + £15m

Adjusted total sum of the parts: £43m + £10.8m + £15m = £68.8m

On the basis of the increased share capital of 1,093m shares = 6.3p per share.

natural gas prices:

the low this year was just below 30p.

When the appeal inquiry began, it was just below 100p.

Now the front month, Jan 22, is 368.000p.

Jan 22 up 5.7% at present to 364.640p.

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188708

Think theres some further news to justify the raise that may allow PLACMENT at 0.60p again.
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The GM concerns the increase of the directors' authority to issue new shares.

This is a matter of prudent management, it doesn't mean a further placement is envisaged now, they've only just raised £750k.

Do they announce the decision date beforehand or do they simply register it as a matter of record?

EchDelta,

£50k is neither here not there.

GM on 13/01 to increase directors' authority to issue new shares.

The French government asked Electricite de France SA to restart some nuclear reactors earlier than planned in order to help with a winter energy crunch across Europe.

Ecology Minister Barbara Pompili said on France Info radio that she had asked EDF Chief Executive Officer Jean-Bernard Levy in a meeting on Friday to restart more quickly than planned some reactors that were halted for maintenance and scheduled to restart in mid-January.

“I asked that EDF employees work to reopen them earlier in order face any possible shortages,” Pompili said... (Bloomberg)
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That sounds pretty desperate, you really don't want to be putting pressure on EDF to speed up the maintenance of its nuclear reactors.

The French government asked Electricite de France SA to restart some nuclear reactors earlier than planned in order to help with a winter energy crunch across Europe.

Ecology Minister Barbara Pompili said on France Info radio that she had asked EDF Chief Executive Officer Jean-Bernard Levy in a meeting on Friday to restart more quickly than planned some reactors that were halted for maintenance and scheduled to restart in mid-January.

“I asked that EDF employees work to reopen them earlier in order face any possible shortages,” Pompili said... (Bloomberg)
-----------------
That sounds pretty desperate, you really don't want to be putting pressure on EDF to speed up the maintenance of its nuclear reactors.

Hear, hear, ZYX098!

(And thank you for your comment in your post of 18:00).

U.K. Prime Minister Boris Johnson said the unprecedented surge in natural gas prices is a “temporary” problem caused by the global economy bouncing back after the pandemic, arguing a “phenomenal demand for gas” in Asia has affected U.K. supplies.

“I want to give a general reassurance that the problems we’re seeing are temporary,” Johnson told reporters traveling with him to the U.S. “They are caused by the resurgence of the global economy as Covid starts to retreat in parts of the world.” (19/09/21)

3 months later, that "temporary" problem persists.

Exploration,

That's the market for you: the supply may be there, it's just a question of the price that needs to be paid to secure it.

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188708

This won’t win me any friends among the green lobby, but Saudi Arabia’s Oil Minister Abdulaziz bin Salman is right to warn of a potential energy crisis resulting from falling investment in fossil fuels. Here’s why.

The prince warned that worldwide oil production could fall by 30 million barrels a day by the end of the decade because there is not enough being spent on the exploration for and development of new resources. That implies production of less than 70 million barrels a day.

Of course, he is talking his own book. The kingdom holds vast reserves of oil beneath its sands and under the shallow waters of the Persian Gulf — and it wants to see a healthy market for that oil for years to come.

But his warning isn’t entirely self-serving. Saudi Arabia’s oil riches aren’t open to foreign investors, so his call for more spending is actually aimed at encouraging competition with the kingdom.

This serves as a recognition of two things: First, the world’s need for affordable oil isn’t going to disappear anytime soon; and second, despite its oil reserves, Saudi Arabia can’t supply it all by itself...

We ignore those warnings at our peril. A 30-million barrel a day drop in oil supply might seem like a victory to the most short-sighted of environmental campaigners, but without an accompanying fall in oil demand, it will come with a price tag none of us can afford — oil prices at levels never before imagined.

https://www.bloomberg.com/opinion/articles/2021-12-19/saudis-are-right-to-warn-of-a-worrisome-collapse-in-oil-supply?srnd=premium-europe&sref=Em01M8Hr

The European Union will likely include gas and nuclear power as sustainable green-energy investments in its proposed list to be unveiled in mid-January, a key commissioner said.

Gas is not an “ideal” energy source but better than coal, the EU’s internal market chief Thierry Breton said in an interview published by Die Welt over the weekend. “If you don’t want nuclear power, you have to be pragmatic and not afford ideological doggedness.”

“Atomic energy and natural gas will help us meet our climate goals,” Breton said. “That is why we in the Commission are counting on presenting a taxonomy that includes nuclear power and natural gas.”

The EU is still debating its so-called “taxonomy” list laying out sustainable energy investments as the bloc pushes to meet its carbon ambitions by 2050. At a summit this week, EU leaders were divided on including gas and nuclear in the list, especially as countries face record-high energy costs...

https://www.bloomberg.com/news/articles/2021-12-19/eu-likely-to-put-gas-nuclear-in-green-lists-commissioner-says?sref=Em01M8Hr

The European Union will likely include gas and nuclear power as sustainable green-energy investments in its proposed list to be unveiled in mid-January, a key commissioner said.

Gas is not an “ideal” energy source but better than coal, the EU’s internal market chief Thierry Breton said in an interview published by Die Welt over the weekend. “If you don’t want nuclear power, you have to be pragmatic and not afford ideological doggedness.”

“Atomic energy and natural gas will help us meet our climate goals,” Breton said. “That is why we in the Commission are counting on presenting a taxonomy that includes nuclear power and natural gas.”

The EU is still debating its so-called “taxonomy” list laying out sustainable energy investments as the bloc pushes to meet its carbon ambitions by 2050. At a summit this week, EU leaders were divided on including gas and nuclear in the list, especially as countries face record-high energy costs...

https://www.bloomberg.com/news/articles/2021-12-19/eu-likely-to-put-gas-nuclear-in-green-lists-commissioner-says?sref=Em01M8Hr

... “We believe there is a high likelihood of both prolonged and even higher prices through winter with after-effects that could stretch beyond the next two years,” said Nathan Piper, head of oil and gas research at Investec Bank Ltd.

... Prices are already at record highs in France and Germany while the weather is relatively mild and demand isn’t really testing the limits of the system. Peak consumption usually comes in January or February when it’s coldest. Analysts say it wouldn’t even require a repeat of February 2018’s “Beast from the East” to trigger market meltdowns this year, only a few degrees below normal will be enough...

Attention is already turning to next winter. If Russian gas exports remain at current levels, Europe’s storage sites will be less than 15% full at the end of March, the lowest on record, according to consultant consultant Wood Mackenzie Ltd. And that’s assuming normal weather conditions.

“We believe there is a high likelihood of both prolonged and even higher prices through winter with after-effects that could stretch beyond the next two years,” said Nathan Piper, head of oil and gas research at Investec Bank Ltd.

https://www.bloomberg.com/news/articles/2021-12-19/the-rollercoaster-energy-market-is-now-at-the-mercy-of-weather?sref=Em01M8Hr

... Prices are already at record highs in France and Germany while the weather is relatively mild and demand isn’t really testing the limits of the system. Peak consumption usually comes in January or February when it’s coldest. Analysts say it wouldn’t even require a repeat of February 2018’s “Beast from the East” to trigger market meltdowns this year, only a few degrees below normal will be enough...

Attention is already turning to next winter. If Russian gas exports remain at current levels, Europe’s storage sites will be less than 15% full at the end of March, the lowest on record, according to consultant consultant Wood Mackenzie Ltd. And that’s assuming normal weather conditions.

“We believe there is a high likelihood of both prolonged and even higher prices through winter with after-effects that could stretch beyond the next two years,” said Nathan Piper, head of oil and gas research at Investec Bank Ltd.

https://www.bloomberg.com/news/articles/2021-12-19/the-rollercoaster-energy-market-is-now-at-the-mercy-of-weather?sref=Em01M8Hr