Member Info for ocelot

balancedviewer,

Are you suggesting a pub's cellars are similar to Saltfleetby's wells?

Doesn't see why equity investors should wait for 6 to 7 months if debt providers are prepared to lend within the next month.

The lender needs to know he will get his interest paid and his money back.

Saltfleetby has its CPR, the other assets are not currently revenue-producing.

It would be interesting to see such a list based, not on the number of posts but, on the number of characters employed!

As GL has explained, they originally sought Reserves Based Lending on the basis of the Saltfleetby CPR.

The £12m of the facility was (and still is) to be secured on Saltfleetby.

We don't know when they were in a position to define the debt requirement for their geothermal project which is quite apart from Saltfleetby.

reminder

UKOG's decline to its current very low level has been a very protracted one.

The merest hint of the possibility of success in Turkey should lead to a market re-rating.

How far that would take the share price depends upon the extent of success.

Let's hope the protracted debt facility negotiations have enabled ANGS to establish relationships which will prove of benefit to the company in the future, too.

You've misunderstood what GL has said, balancedviewer.

The negotiations with the international bank were for the Saltfleetby debt facility of £12m alone.

There was, therefore, never any question "that the original loan company wanted to lend Angus £20m on better terms months ago. Angus at the time refused the amount offered, ...".

... What is frustrating, is that the original loan company wanted to lend Angus £20m on better terms months ago. Angus at the time refused the amount offered, ...
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Can you cite your source of information, please, balancedviewer?

Have the impression Angus is on its way!

sorry, rounded it up!

GL rounded it down to £20m after initially speaking of £11m + £8 1/2m.

Included this response to the question: where are you going to be at the end of the year?

"I do see production resuming at Brockham, ...".

from about 17:04

to deal with the delays of the UK regulatory regime, "have to have a pipeline" of projects, aiming for 4 projects of this nature (discussion was of geothermal at the time) "so that we have a rolling programme").

geothermal, from 15:22:

"hope to announce a very, very substantial funding partner at some stage in the next month";

Lidsey, from 18:15:

"most exciting thing to have happened (since his arrival) apart from Saltfleetby", at 19:00, "extremely exciting".

The presentation was released ahead of the Webinar on 04/03.

If you want to get back in cheaply, I wouldn't wait for the buzz to return.

There was a forced pause in Saltfleetby because of the debt facility delays:

by advancing Lidsey, Brockham and their geo-thermal project, they are showing they have not been wasting their time.

Don't know why you are addressing me, Penguins, my post of 10:55 was taken from ZYX098's post of 10:08.