Member Info for ocelot

Well then, you've no need to worry about the coming weekend.

Why not?

If you wanted to sell, it was yesterday you should have done that, not today.

"Ocelot I am sure you are right however the market thinks its .014 so I guess thats what we are stuck with".

JSP123,

I guess we're stuck with it until the market changes its mind ... which it can do extremely quickly!

The Design ... confirms the suitability of the Site for a material scale hydrogen storage project, comprising 24 salt caverns at a depth of ~1330 m below surface ...

The Design's adoption of a conventional "cushion gas" operating scheme would significantly reduce project development costs (CAPEX) by around 36% compared to Portland, reducing costs by around £450 million;

· The Design's resultant increased cycling capacity, lower CAPEX and operating costs create potential for a significantly increased future annual revenue base versus Portland and a more competitive submission for government revenue support;

· The Site also lies closer to the planned H2 Connect hydrogen trunk pipeline, designed to connect South Dorset to the UK hydrogen transmission pipeline system (Project Union) and the main hydrogen clusters in the South, East Coast and Northwest ...

"DEEP.KBB's Design work demonstrates that the South Dorset Site has the potential for far greater future revenues and profitability versus the Company's original and otherwise robust Portland hydrogen storage project. It is, therefore, also likely to be a more compelling case for government revenue support in the forthcoming hydrogen storage procurement process, ..."

https://ir-api.eqs.com/storage/ir/5f582a/tools/4aa2fcc5-3e50-4ee3-8792-ea29d2011384/irpages2.html?newsId=b64e37cc-bd6d-4403-83df-f653962fd452&t=1234

"Technically Sound (Salt Caverns)" and "Economically Competitive (Low Cost)":

this is what the DEEP.KBB preliminary project design was all about (RNS of 27/01/25)

"Strategically Integrated (Connected to Pipelines)"

this is the MOU with National Gas of 01/10/25 and this morning's RNS.

Nope, that isn't a trader, a trader goes looking to take advantage of market overreactions.

Surely the instinct of any trader is to say: this looks overdone, now is the time to pick up some?

What is the point of all these negative posts?

Is anyone seriously suggesting that the stock should be sold now after it has suffered a decline of 23% since 8am?

36.5bn shares at 0.0155p = market cap of £5.7m of which £5m is cash that has been recently raised.

This morning's share price decline looks to be well overdone since it values the business itself at just £0.7m.

"... the Company sees this additional collaboration as essential to support and strengthen the likelihood of securing government revenue support via the Hydrogen Transport and Hydrogen Storage Business Model allocation rounds, due to commence in late spring 2026".

Much delayed, these allocation rounds are now within sight.

It looks as if SS is in a hurry and that the successive placings are reinforcing UKOG's credibility and helping to open doors that may well have been already ajar.

SGN?

They provided the 2nd LOS on 27/06/24.

... these funds will also assist the Company in meeting the costs necessary to deliver a new collaboration between our wholly owned subsidiary UK Energy Storage ("UKEn") and a second substantive regional hydrogen pipeline provider, the collaboration being focussed upon the Company's South Dorset Storage project ...

Additionally, the funding will also assist UKEn in further progressing a potential electrolytic hydrogen generation project geared initially to decarbonise the energy use of a substantive Dorset-based industrial user ...

"The Board remains committed to delivering a sustainable and value-driven strategy for the Company and will provide further updates as appropriate".

Really positive tone to this RNS, appreciated.

EuropA Oil and Gas!

The former CEO of Europe Oil and Gas?

Hugh Mackay discloses a holding of 3.29%

From the loan facility RNS of 22/10:

"The Loan converts into Ordinary Shares at a price equal to their market price at that time, less a 20% discount,

subject to a valuation floor of £30m, and a valuation ceiling of £140m".

Current market cap: £6.5m

Agree with Stefan Bernstein that GROC is grossly undervalued.

But Alba owns 25.78% of GROC so Alba, too, is grossly undervalued.

In addition, after the hiatus of recent months, the blasting programme will soon resume at Clogau and Alba has recently expanded into exploration for rare earths, at the centre of continuing geopolitical concerns given the world-dominant position in their respect occupied by China.

33.25bn shares at 0.0215p = £7.15m

Of which c£4.5m is the cash recently raised.

So the business itself is valued at £2.65m or 0.008p per share.

No, I'll correct the tone of my post below because I am much more bullish than that.

I agree with SB that the share is "grossly undervalued" in its current range. If SB is proven right and the EIFO is indeed prepared to finance GROC through to production, then future prospects are very encouraging.