Member Info for ocelot

Is this the Robert Friedland behind I-Pulse?

https://www.forbes.com/profile/robert-friedland/?sh=29dfcfa83214

Ibug,

You began your post of 08:27 thus:

Christ. How many times have we heard UKOG use that term.
----------------------
I was simply pointing out that the extract did not come from UKOG but from a link of yours.

Ibug,

It's an extract from the link you yourself posted at 07:06.

TURKEY
H2P has identified the geology of southeast Turkey as analogous to Northern Iraq with the potential for world-scale reservoirs...

Europe’s energy crunch has forced a major fertilizer maker to shut down two U.K. plants, the first sign that a record rally in gas and power prices is threatening to slow the region’s economic recovery.

CF Industries Holdings Inc. said Wednesday it’s halting operations at its Billingham and Ince manufacturing complexes due to high natural gas prices, with no estimate for when production will resume. European gas and power futures tumbled Thursday on signs energy-intensive industries are curbing consumption.

The move comes as Europe is facing an extreme squeeze for energy supplies, with gas and power prices breaking records day after day. The continent is running out of time to refill storage facilities before the start of the winter as flows from top suppliers Russia and Norway remain limited. There’s also a fight for shipments of liquefied natural gas, with Asia buying up cargoes to meet its own demand...

https://www.bloomberg.com/news/articles/2021-09-15/soaring-european-gas-prices-force-fertilizer-plants-to-shutter?srnd=premium-europe&sref=Em01M8Hr

50-day: 0.152p
200-day: 0.167p

I bet my Daddy is taller than yours!

Astonishing as in the upside potential offered by the sum-of-the-parts evaluation by comparison to the market cap would be my guess.

From page 6 of the presentation:

Original CPR worked on c. 39p/therm. Presently gains from mix of
hedged (43p) and unhedged (average forward 48p) prices offsets higher
capex and associated funding costs

Without those prudential discounts :-)

Saltfleetby: £20m with large upside
Lidsey: £75m
Geothermal: £80m

Total: £175m

Management's view of the Sum of the parts: £43m

Saltfleetby: £20m with large upside
Lidsey: £15m (after prudential discount of 80%)
Geothermal: £8m (after prudential discount of 90%)

For some figures, there is this presentation, the most recent posted on their website, dated 18/06/21:

https://www.angusenergy.co.uk/wp-content/uploads/2021/06/ANGUS-ENERGY-PROACTIVE.pdf

... The accident in the converter comes just as windless weather has also left the U.K. without another major source of power. Nuclear outages are adding to the shortage and coal sites have been decommissioned, removing backup capacity...

There’s some concern the crisis could cause a backlash against measures aimed at converting economies to greener fuels.

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

Just realised, the front month got up to 195p.

Suspect he will be relieved when the IPO is done, these things are always pretty time-consuming.

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188706

Europe’s soaring energy markets are exposing the risk of power blackouts this winter, especially if freezing weather worsens the region’s already exceptionally low natural gas inventories, according to Goldman Sachs Group Inc.

While higher gas prices can trigger supply and demand adjustments to offset the tight market, these are largely already priced in, Goldman analysts including Samantha Dart said in a note. As a result, a colder-than-average winter would mean Europe needing to compete with Asia for supplies of liquefied natural gas, driving prices even higher.

And there’s a “non-negligible risk” that LNG directed to Europe won’t be enough to prevent a depletion of gas inventories by the end of winter, especially if weather is cold in both Europe and Asia, the analysts said.

“Under such an outcome, the only balancing mechanism would be a significant further rally in European gas and power prices reflective of the need to destroy demand, with curtailed power demand in the industrial sector through blackouts,” they said...

https://www.bloomberg.com/news/articles/2021-09-15/goldman-warns-of-blackout-risk-for-european-industry-this-winter?srnd=premium-europe&sref=Em01M8Hr

Europe’s soaring energy markets are exposing the risk of power blackouts this winter, especially if freezing weather worsens the region’s already exceptionally low natural gas inventories, according to Goldman Sachs Group Inc.

While higher gas prices can trigger supply and demand adjustments to offset the tight market, these are largely already priced in, Goldman analysts including Samantha Dart said in a note. As a result, a colder-than-average winter would mean Europe needing to compete with Asia for supplies of liquefied natural gas, driving prices even higher.

And there’s a “non-negligible risk” that LNG directed to Europe won’t be enough to prevent a depletion of gas inventories by the end of winter, especially if weather is cold in both Europe and Asia, the analysts said.

“Under such an outcome, the only balancing mechanism would be a significant further rally in European gas and power prices reflective of the need to destroy demand, with curtailed power demand in the industrial sector through blackouts,” they said...

https://www.bloomberg.com/news/articles/2021-09-15/goldman-warns-of-blackout-risk-for-european-industry-this-winter?srnd=premium-europe&sref=Em01M8Hr

Have received the invitation from Investor Meet Company for the geothermal presentation on 29/09/21.

Natural gas prices in the U.K. and the Netherlands soared to record highs as concerns over tight supplies mount while demand increases.

Britain’s gas network is forecast undersupplied on Tuesday due to supply disruptions at U.K. facilities as gas-fired power generation climbed amid muted wind output...

https://www.bloomberg.com/news/articles/2021-09-14/european-gas-notches-fresh-records-as-supply-woes-mount?srnd=premium-europe&sref=Em01M8Hr