Member Info for ocelot

UJO has had a better day - are some of these AIM E&Ps poised to recover some ground?

I'm surprised that some of the posters on this board have the time to do so and aren't themselves running AIM-listed E&P companies.

Average rate v USD for April 2021 was 8.16547.

Has gone above 15 today, on the latest interest rate cut by the central bank.

https://drillordrop.com/2021/12/16/ukog-announces-plans-for-geothermal-energy-hub-at-horse-hill/

Upon execution of the joint venture agreement, conceptual engineering design and preparation of a planning application are planned to commence in the New Year.
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This is actually further advanced than I had appreciated.

The nimbys will be against, of course, but it will be more difficult for the environmentalists to oppose the application: divide and conquer.

Good to see they are making progress with their geothermal ambitions.

As a reliable, non-weather dependent source of energy, this should eventually make debt finance available to them.

... It would appear that TPO are drilling all around us ...
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Let's hope we are sitting on the sweet spot.

In Turkey, they are free to advance their project, with the acquisition and interpretation of seismic data.

In the UK, they are caught up in the delays of the regulatory regime: permissions for HH; the Loxley appeal decision.

a reminder:

the peak share price, held for about a minute, was 11p, in 2017.

It rose to 11p from 0.80p in a matter of about a couple of months, but the share price prior to this spectacular rise was, therefore, 0.80p.

How did you work out "original value"?

Ibug,

I will leave you with the last word.

USD TRY average rate for April 2021 is 8.16547,

So 6m liras = $734,802 not "under $1/2m".

Ibug,

A lot will depend on the Lira:$ exchange rate used for conversion. This exchange rate has declined at a furious pace in favour of the $. It's much more meaningful, therefore, to speak in terms of the $ instead of the Lira.

Looks as if it was about $750k at the time. The Turkish lira has been in very substantial and continuing decline, because of Erdogan's interest rate policy.

The next accounts to be published are the annual accounts for the year ending 30/09/21. The deadline for publication is 31/03/22.

The interim report was published on 30/06/21.

Agree with that but, in addition, the prices of futures today provide the context in which to make those estimates now.

EchDelta,

If it is meaningless, why do you tweet about projected revenues on the basis of futures prices?

Jan 22: 327.000p, + 11.02%

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