Member Info for ocelot

"Angus Energy added to my hotlist - hearing some interesting Geothermal industry news"
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Not familiar with LadyOfAim although I DO recognise the lady in the photo.

If the assets start performing the valuation will be 10 to 20 times from here.
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Agreed!

... and then look at gas futures' historic underperformance:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188705

80% SELL today v 64% sell yesterday

Moving averages: 50-day: 0.158p; 200-day: 0.168p

https://www.barchart.com/stocks/quotes/UKOG.LN/opinion

https://www.bbc.co.uk/news/business-58481330

Soaring gas prices on the BBC's home page now:

https://www.bbc.co.uk/news/business-58481330

From another Bloomberg article on energy prices:

While it’s usual for power plant operators to carry out last minute maintenance ahead of the heating season starting in October, the U.K. has a more serious problem looming. Britain is becoming increasingly exposed to dips in wind generation a situation that will worsen as coal stations shut in the next three years and aging nuclear units close early. It’s a political issue as these high prices, even in the short-term, will feed through to consumer bills.

And higher still, Dec 21 up to 146.000p

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188705

From another Bloomberg article on energy prices:

While it’s usual for power plant operators to carry out last minute maintenance ahead of the heating season starting in October, the U.K. has a more serious problem looming. Britain is becoming increasingly exposed to dips in wind generation a situation that will worsen as coal stations shut in the next three years and aging nuclear units close early. It’s a political issue as these high prices, even in the short-term, will feed through to consumer bills.

And higher still, Summer 22 up to 80.700p

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188705

Hard to see what can push it down from here.

We await news re: 1/permissions concerning the conversion of HH-2z into a cash injector; 2/ their appeal against the Loxley decision and 3/ at some stage, of seismic acquisition and interpretation at Basur-3 and the planned trajectory of the sidetrack.

EXPECTED ADMISSION DATE:

Mid-September 2021

https://www.londonstockexchange.com/news-article/market-news/schedule-one-greenroc-mining-plc/15122183

UKOG is the 3rd biggest onshore oil production company.

When you think of all the problems encountered at HH, that in itself is quite a surprising statement to make.

Horse Hill (UKOG, Surrey), at 7th place, overtook Scampton North (IGas, Lincolnshire)...

Barrels of oil per day at Horse Hill were down slightly at 100.2, compared with 101.1 in April and 104.7 in March. But total production for the month was up slightly at 494m3 and 417.9 tonnes in May 2021, compared with 482m3 and 407.8 tonnes in April 2021.

Water production in barrels of water per day was 40 in May 2021, down from 46.8 in April 2021.

The water cut at Horse Hill (water as a proportion of total liquid produced) has continued to fall. It was 29% in May 2021, down from 31.6% in April and 32.5% in March.

What we do know is that the lenders performed their due diligence and have made the necessary funds available to Angus to undertake the sidetrack, for Angus management to determine the appropriate timetable.

Nice to see mention of Thrace (although I'm not sure why):

The conquest of the southern part of Thrace by Philip II of Macedon in the fourth century BC made the Odrysian kingdom extinct for several years. ... They were soon forced out of Macedonia and southern Greece, but they remained in Thrace until the end of the third century BC.

And it's another session of therapy on the UKOG board.

Cheer up, chittybangbang, Boris will make sure it all turns out alright in the end (for him!).

Loxley has certainly become a much more valuable property than anyone imagined possible a few months ago.

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188705

Some contracts have now got into the 140ps.

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188705

Some contracts have now got into the 140ps.

https://www.bbc.co.uk/news/business-58469238

Hot weather and low wind speeds are curbing renewable power production, boosting the use of fossil fuel-fired generation and pushing the price of coal up more than 70% in Europe this year. All of that sent the cost of polluting in Europe to the highest ever.

Good intentions can have unexpected consequences.

Can't help feeling that the oil price is going to end up being a major beneficiary of all the environmental efforts.