Member Info for ocelot

pdf version:

https://www.rns-pdf.londonstockexchange.com/rns/7447F_1-2021-7-19.pdf

That's a more modest valuation of New Listco than I had anticipated, if £6m represents a majority holding.

out of the ordinary

Volume has just jumped by about 32m for trades 227 and 228, yet to be reported.

Imho, should be at least the double of its current price.

Can either move upwards incrementally as the business progresses or surge forwards on a particular piece of news - we shall see.

Given the constant dilution of shares, we are no longer wasting our precious time in running a campaign to oust the CEO ...
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Not sure that is entirely convincing, wasn't the "constant dilution of shares" one of the reasons for mounting the campaign in the first place?

Given the constant dilution of shares, we are no longer wasting our precious time in running a campaign to oust the CEO ...

Shareholders you lost the chance through our campaign, don't say we did not warn you!

?

Those looking for a 7am RNS this morning will have been disappointed, but the truth is oil exploration doesn't fit in conveniently with the requirements of an open offer timetable.

Re potential results, it is all speculation until we hear from UKOG.

"... intersecting the Main Lode Extension on EVERY ONE of the 10 holes we have drilled in this phase".

100% success rate, can't ask for better confirmation that that.

There is also the history of the Weald, which probably means he is reluctant to provide any specific figures.

Congratulations to the team at Alba and to all concerned!

"The key objective of this second phase of surface drilling at Clogau-St David's was to prove up the continuity of the Main Lode Extension we had identified during the drilling at the end of last year. We have now delivered EMPHATICALLY on that aim, by intersecting the Main Lode Extension on EVERY ONE of the 10 holes we have drilled in this phase. We are now projecting the Main Lode Extension to have a strike extent of 585 m and a depth extent of up to 63 m. This is shaping up to be a significant target." (my capitals)

pdf version:

https://www.rns-pdf.londonstockexchange.com/rns/5953F_1-2021-7-18.pdf

OPEC and its allies agreed to gradually add more oil supplies to the market, ending a two-week spat between Saudi Arabia and the United Arab Emirates ...

The agreement means the cartel will boost output by 400,000 barrels a day each month from August, continuing until all of its halted output has been revived. The deal will also give the UAE and several other countries higher baselines against which their production cuts are measured, starting in May 2022, according to a statement from the group.

The UAE’s level was increased to 3.5 million barrels day, below the 3.8 million it initially demanded but above the previous baseline of 3.17 million ...

https://www.bloomberg.com/news/articles/2021-07-18/opec-agrees-to-boost-output-after-saudis-and-uae-end-standoff?srnd=premium-europe&sref=Em01M8Hr

experience
noun
1.
practical contact with and observation of facts or events.

Ibug,

Are you saying there is not a lot of experience of oil exploration and production across the managements of the 2 partners?

Agreed, Moneymunch, it's pioneering stuff backed up by a lot of experience across the managements of the 2 partners.

OPEC and its allies will meet on Sunday after the group made significant progress toward resolving a standoff with the United Arab Emirates that had blocked a deal to boost output.

The online conference of ministers is scheduled for 12 p.m. Vienna time, the group confirmed. Ministers from Saudi Arabia, Kuwait, the UAE, Bahrain and Oman met online on Saturday to discuss the matter, delegates said, asking not to be named because the information isn’t public.

OPEC+ officials have said privately in recent days that the group would only meet if a deal was in reach. Already this week, there have been signs of progress between Saudi Arabia and the UAE toward an outline agreement...

https://www.bloomberg.com/news/articles/2021-07-17/opec-discusses-meeting-on-sunday-after-progress-toward-deal?srnd=premium-europe&sref=Em01M8Hr

Meganx,

It's not "bound to get ramped", UKOG can't invent news out of thin air.

We hope for encouraging news from Basur-3, but don't know when it may come.

The open offer was hoisted upon management by shareholders who failed to provide the necessary 75% of votes cast for resolution 6 at the AGM, it isn't something management themselves initially proposed.

Given that HH is producing 100 bopd anything will look good compared to that.
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Precisely, Ibug. UKOG's share price suggests expectations are so low, it wouldn't take much to exceed them and provide a substantial boost to the share price.

If Basur-3 does come good (however one chooses to define that), it will change the market's perception of UKOG's management - that alone should prompt a very substantial re-rating.