Member Info for ocelot

Don't know about today's trades, but £5m should help to fuel the rocket.

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Thank you for your post and your effort, HH1AN2.

At 12:29:40 and 12:29:41, don't show in lse's trades yet.

nos. 85, at 0.18499p, and 86, at 0.185p

Of the posters you mention, Ozzy52, all are filtered by myself except Penguins.

Penguins,

Some of the trolls were questioning UKOG's ability to raise new funds.

That preoccupation proved to be completely without foundation, as I, amongst others, said.

At least, the trolls have been obliged to change one of their principal recent preoccupations, they no longer seem to be so concerned about UKOG's ability to raise new funds.

wizard,

We all focus our attention on different elements, I've listed the key elements for myself in my post of 21:46.

None of this changes the facts that:
1/ they have raised £5m:
2/ AME continues to advance the Basur-3 drill;
3/ the Loxley appeal inquiry begins at the end of this month.

No debt (apart from the advances made by the minority interests in HHDL).

In the meantime, AME gets on with the work at Basur-3 and the start of the Loxley appeal inquiry approaches ever closer.

Lots to look forward to and lots which do not appear to be reflected in a current market cap of only about £29m.

Imho, therefore, there is all to play for.

Basur-3 isn't in the Weald and isn't subject to the UK regulatory regime.

If Basur-3 proves to be a success (however one chooses to measure success), it could move almost immediately into production, so the market should be applying very different investment criteria to those applicable to the Weald.

43.585m+ at 0.1849p

Saudi Arabia raised oil prices for buyers from Asia to the U.S. for August after OPEC+ talks broke down just as the market was clamoring for more supply...

In its main market of Asia, Saudi Aramco increased the official selling price, or OSP, for Arab Light crude by 80 cents a barrel to $2.70 above the regional benchmark. That’s the biggest month-on-month increase since January, and suggests the oil giant won’t raise supply next month even as it sees the market tightening...

comfortably back above $1,800

Adding in the newly issued shares, market cap at 0.1825p is about £29.2m, little changed from before the placing.

Not sure that makes much sense, given that:

the balance sheet is now much healthier, after a cash injection of £5m;
the uncertainty of the placing has been removed;
funding has been secured to meet Basur-3 financial commitments.

Yanis,

From another poster on this board who went to the trouble of inspecting the relevant documents: if I remember right, he posted this particular one on the board.

The submission was "duly made" on 18/03/21 for the purposes of the authority concerned.

Penguins,

The point UKOG was making is the speed with which a well can be moved into production, hence their reference to E Sadak and my extract from their presentation of this Sunday:

'AME’s E. Sadak field in production within 1 month of well finish, official production consent in 7 months.'

This is of obvious relevance to Basur-3.