Member Info for ocelot

Looks as if we are heading for the restoration of trading very soon, one way or the other re the RTO.

"The Board is meeting in the next week to agree whether or not to proceed with the (RTO) transaction as currently structured".

I had assumed the RTO was dependent upon the finance discussions but the two strands seem to have become independent one of another.

Not sure what "as currently structured" means in the present context.

Further to the announcement of 13 October 2025, Angus Energy confirms that positive discussions with its creditors regarding restructuring of its debt remain ongoing. While the Board is encouraged in respect of recent progress in these discussions, the Company cautions that if a suitable agreement is not reached, it would create a material uncertainty around the Company's ability to continue to operate as a going concern. The Company will inform the market once an agreement has been reached and the terms of such agreement, and in the meantime continues to carefully manage its working capital position in conjunction with its lenders.

Well performance under the new operating regime of lower well head pressures continues to be evaluated by the sub-surface team and the operations team with the aim of delivering further increases in production ...

The Company will inform the market once an agreement has been reached 9re finance) and the terms of such agreement, and in the meantime continues to carefully manage its working capital position in conjunction with its lenders ...

The Board is meeting in the next week to agree whether or not to proceed with the transaction (the RTO) as currently structured. The Company will update the market accordingly in respect of any further developments.

While electricity is expected to meet most of final energy demand by 2050, we will still need

other sources of energy. Hydrogen will have a key role to play in replacing fossil fuels in hardto-electrify sectors and enabling delivery of hydrogen to power (H2P) to provide low carbon

long duration dispatchable power, ...

We are exploring the expansion of the Clean Industry Bonus (CIB) to hydrogen

and onshore wind, with the launch of a call for evidence on options for hydrogen

supply chains, including CIB, shortly.

https://assets.publishing.service.gov.uk/media/6900f929ab5cc9c893799502/unlocking-benefits-of-clean-energy-economy.pdf

thanks to tomhuk2000 on the EPP board

It took the company 1 day from the Chairman's statement to announce the MOU with National Gas.

How long will it take the company to announce progress with some of its many other initiatives?

It's a big programme which should generate quite a news flow:

1/ prepare an application for hydrogen storage revenue support in the Department of Energy Security and Net Zero's (DESNZ) first allocation round

2/ pursue the Company's first green hydrogen generation and potential green ammonia/hydrogen generation projects in Dorset

3/ secure a strategic investor/partner

4/ conclude further letters of intent and MOUs with hydrogen producers, offtakers and pipeline providers

5/ restore production at Horse Hill in 2026 so that any future revenues can be utilised to help fund our hydrogen ventures

6/ investigate the future repurposing of our existing boreholes to harness geothermal energy via our continued collaboration with one of the UK's leading geothermal engineering companies, Ceraphi Energy Ltd.

Mullins,

Looking forward to the resumption of blasting, that is for sure.

Agree with SB's statement that GROC is "grossly undervalued".

We are entering an active period for GROC news flow following the loan facility with the EIFO.

We are entering an active period for news flow following the loan facility with the EIFO.

Effectively, the Chairman indicated there might be an MOU with National Gas 1 day before it was announced, for the market to decipher the meaning contained within his statement.

It makes UKOG a dangerous stock to short because nobody knows how far advanced are other initiatives of theirs.

There now follows an active period where we will look to ... secure a strategic investor/partner and conclude further letters of intent and MOUs with hydrogen producers, offtakers and pipeline providers to further strengthen and support our allocation submissions and Clean Energy business.

Part of the Chairman's statement included in the annual accounts RNS of 30/09, the MOU with National Gas was announced 1 day later, on 01/10.

There now follows an active period where we will look to prepare an application for hydrogen storage revenue support in the Department of Energy Security and Net Zero's (DESNZ) first allocation round, pursue the Company's first green hydrogen generation and potential green ammonia/hydrogen generation projects in Dorset, secure a strategic investor/partner and conclude further letters of intent and MOUs with hydrogen producers, offtakers and pipeline providers to further strengthen and support our allocation submissions and Clean Energy business.

We will also continue our engagement with government ministers and DESNZ to further both UKEn's individual business position and promote our strategic positions in the Dorset Clean Energy Super Cluster and Solent Cluster, the largest integrated clean power and decarbonisation clusters in the south of the UK.

To help achieve these Clean Power goals we plan to continue discussions with potential strategic investors to help fund our hydrogen storage projects. We will also aim to restore production at Horse Hill in 2026 so that any future revenues can be utilised to help fund our hydrogen ventures. Where appropriate we will also investigate the future repurposing of our existing boreholes to harness geothermal energy via our continued collaboration with one of the UK's leading geothermal engineering companies, Ceraphi Energy Ltd.

3.125bn shares across 3 trades!

"They need to find 375oz just to cover this years raises".

Believe they've raised a total of £1,125,000 this year.

375ox = £3,000 an ounce so no premium, therefore.

It is highly unlikely that the mine's gold had been exhausted when the price of gold at $300 brought operations to a halt.

It's a "boutique" gold mine containing, without any reasonable doubt, high quality gold commanding a very significant premium to the market price of gold.

The fact that National Gas's Head of Hydrogen Business Development has spoken of "this important industry partnership with UKOG" should focus attention on UKOG within the industry and facilitate the negotiation of a partnership with a significant industry player.

Thwe positive vibes date back to the MOU RNS of 01/10 (my capitals):

Donald Oleforo, Head of Hydrogen Business Development, National Gas, commented:

"At National Gas, we are committed to working together with industry, government, regulators to develop the core hydrogen network that will facilitate Britain's place as a world-leader in hydrogen production and storage. THIS IMPORTANT INDUSTRY PARTNERSHIP WITH UKOG IS RECOGNITION OF THIS POTENTIAL AND MARKS OUR JOINT COMMITMENT TO DELIVERY."