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I wonder if prospects for Lidsey will tempt back some former holders of Angus - it must have been one of the reasons why they were invested at the time.

and $150 oil in 2023 (JP Morgan)

Lidsey offers them a significant 2nd project, perhaps of a value comparable to that of Saltfleetby and one which is for the fairly near future, unlike geothermal which will be further down the line.

Are things beginning to slot into place? Let's hope so.

AIM volume of 21.0m showing on a rival site + 6m on Aquis, almost all coming through in the last 25 mins of the session.

Agree that Saltfleetby is the priority, but consider it important to seek to advance other projects as well.

Wonder if they have a potential partner in the holder of the surrounding licence.

A reminder from the June 2021 presentation: Lidsey was valued at £15m after an 80% prudential discount.

That alone is considerably more than Angus's current market cap.

plus a "commercially significant estimate of oil in place" at Lidsey.

... The new mapping shows there to be a significant structure not dissimilar in area to the original structure considered by the previous Competent Person's Report, which continues to support a commercially significant estimate of oil in place.

However, the interpretation does allow Angus to narrow its field of focus in target selection and explore low-cost options for remediation of the field's productivity centre around the reuse, work-over or side-tracking of the existing wells and these will be considered with our partners in the next stage of the work.

The Company's re-mapping of the structure also shows it to extend a significant distance out of the licence area in some scenarios and Angus is now opening a dialogue with the holder of that surrounding licence to consider how we might proceed together to address the future of the field.

7) Second Service Compressor and Caterpillar engine in March 2021 - this is for additional flow arising from the sidetrack itself scheduled for April/May 2021

We continue to work with suppliers and contractors to maintain our procurement and build schedule targeting First Gas at the Saltfleetby Gas Field at the end of February...

New forward month, Jan 22. Prices remain very firm.

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

The placing and open offer of this July was undertaken more than 50% higher than the current mid-price, at 0.18p.

Since then, in terms of UKOG's own development, the Basur-3 drill has been suspended to allow for the collection and interpretation of seismic data.

But suspension doesn't mean cancellation and, hopefully, the seismic data will enable the partners to resume drilling with greater precision and to greater effect.

The pre-Christmas trading season seems to have arrived early - selling seems to have dried up, all that's missing is some buying.

It's curious, isn't it?

With UKOG's share price close to its all-time low, one would have expected the naysayers to be acting in a pretty relaxed fashion at the present time.

Instead of which, they are showing signs of desperation, as if they believe UKOG may be quite close to a significant recovery.

Ozzy,

That's the approach of the desperate football player, attack the man and not the ball.

Ibug,

I don't know how you discredit a list of outstanding news items either. I have Skwizz on filter, so don't know precisely what he wrote.

It's the 30th, Investor Questions will provide Angus with the opportunity to provide some further clarification of where things stand at present before the market opens tomorrow morning.

Ozzy,

if the naysayers are seeking to discredit a list of outstanding news items, then they are on a hiding to nothing.

Not sure my post required any reply at all, there was nothing controversial about it, it was simply resuming the various issues where news is currently awaited.

As Densil pointed out, the Loxley appeal decision is due to be released any time now, Autumn has almost reached into December.
Hopefully, Loxley will be the first of several items to be clarified:
1/ permissions for conversion of HH-2z into a water injection;
2/ collection and interpretation of seismic data for Basur-3;
3/ decision in the Sarah Finch v SCC environmental case;
4/ possibly an update on UKOG's plans re greener sources of energy.