Member Info for ocelot

d. attributable to both BB and HH 2-z proving non-commercial

Ninetails,

It isn't Brent that's up 90% since the July RNS, an increase of $22.50 from $40 is an increase of 56.25%.

What has increased by 90% is the prospective operating margin, ie the Brent price less the operating costs of $15.

But, agreed, if HH could flow at a higher rate on a consistent basis and the price of Brent remain where it is at present, then that would be very encouraging indeed.

Brent has put on about $3 during this last week.

It means UKOG's prospective operating margin in Turkey is now about ($62.50 - $15 =) $47.50, an increase of 90% from the $25 of the first RNS on Turkey back in July.

It creates a favourable pricing environment for the partners' endeavours in Turkey.

$62.05

More shares traded on Aquis today than on AIM: 23.7m v 17.3m.

Ninetails,

Does seem to have been priced in, agreed.

The naysayers may well jump on me, but I do think a very great deal has been priced in!

Very little reaction to date, in terms of the share price, to yesterday's RNS: if anything, it looks as if the clarification of the situation was appreciated.

26m+ trade at 0.135p.

Best wishes to you, too, Ninetails.

Agreed, it was logical to conclude that, in the absence of an RNS, the 2nd instalment had been paid in cash.

It was logical but wrong, because the RNS was published today, almost one month later.

Do you have any suggestion as to why the 2nd instalment was paid after almost 7 months instead of after 6 months?

Ninetails,

I thought my post was pretty logical.

Do you find any fault in its logic?

... but weren't, of course.

They seem to be playing with time, but to what end?

Don't understand the delay, Ozzy, those points could have been made a month ago.

Wonder if the next placing hasn't been pushed back a bit following today's RNS:
i) they have retained the £550k in cash;
ii) they might not want PW Well Test Ltd to be selling at the same time as they make a placing.

Alba Mineral Resources plc (AIM: ALBA) announces that it has received notice to exercise share warrants for 5,000,000 shares with an exercise price of 0.16p per share for total proceeds to the Company of GBP8,000...

I normally have an opinion to express, but, on this occasion, I'm still at the stage of thinking it over!

The instalment was due to be paid at 6-monthly intervals, but today's RNS makes it very nearly 7 months.

Why the delay?

Penguins,

It's not because I got it wrong that one can now draw the conclusion UKOG are happy with their share price!

PW Well Test Ltd now find themselves in an interesting situation, having acquired more than 400m shares in UKOG at a very low price.

Happy to apologise, Ibug, although I thought that was understood from my previous post.

I got that wrong, had assumed the absence of an RNS meant they had paid it in cash.