Member Info for ocelot

pdf version:

https://www.rns-pdf.londonstockexchange.com/rns/8408K_1-2021-1-6.pdf

It's time to look forwards, not backwards.

Are those blue skies ahead of us?

From the transcript of GL's interview with Drill or Drop of 02/10/19:

Originally, Saltfleetby was thought by my predecessor not to be worth the candle – to be treated as
an abandonment issue. Actually, when I first joined, that was still the technical team’s view. And I
think they didn’t have enough data. When they did, they immediately said it was a very attractive
asset.

10p is asking a lot of Saltfleetby alone and would require the gas price to exceed the forecast levels of the CPR.

Balcombe remains unknown as do the financial forecasts for the Q1 geothermal project.

At 1.05p, the market cap is £8.05m, providing a comfortable base for the 51%-share of the debt facility, £6.12m.

Not when good news is released.

Rob Parker, CEO, said: "I am encouraged by our performance over the first quarter with our Retail business performing very strongly, with like-for-like sales up by 19.9%, and our Commercial business on track with our plans.

"As we have done throughout the pandemic, we are continuing to put colleague and customer welfare first. While the latest lockdown restrictions will impact sales, at this stage it is very difficult to estimate the level of impact or how long this may last. The business remains well funded, is debt free, ...

Oil surpassed $50 a barrel as Saudi Arabia pledged to voluntarily cut output by an extra 1 million barrels a day from next month, while most of the OPEC+ alliance agreed to hold output steady.

What's moving markets
Start your day with the 5 Things newsletter.
Email
Enter your email
Bloomberg may send me offers and promotions.
Sign Up
By submitting my information, I agree to the Privacy Policy and Terms of Service.
Futures in New York accelerated gains, rising as much as 5.3%, to top $50 a barrel for the first time since February. OPEC+ reached an agreement after two days of talks to curb supply over the next two months, with Saudi Arabia carrying much of the extra burden of the cuts. Other producers will hold supply steady or make a small increase, delegates said. Russia and Kazakhstan will be allowed to boost output by a combined 75,000 barrels a day in both February and March.

Saudi Arabia’s unilateral cut is “a groundbreaking statement that shows the oil giant is not only ready to bite the bullet and keep taps tight, but it also recognizes the short-term demand risk and is ready to protect its export prices by tightening supply,” said Bjornar Tonhaugen, head of oil markets at Rystad Energy...

https://www.bloomberg.com/news/articles/2021-01-04/oil-extends-losses-after-opec-talks-suspended-without-decision?sref=Em01M8Hr (they haven't updated the subject-title of the article)

Angus's list of significant shareholders on their site needs updating! Last updated 09/11/20.

Threshold crossed today.

$1,951.50

Good volume today: advfn is showing 27.4m so far.

Alba have said they will assess and analyse the results before releasing them.

Quite a big jump in the price now, +$40.19 at $1,938.86.

Encouraging volume: 9.5m.

spot: $1,933.02

Gold powered to the highest level in almost two months above $1,900 an ounce, aided by a weaker dollar, building on the biggest annual advance in a decade...

“I see gold being pushed higher by lower real interest rates and higher inflation expectations,” said Nicholas Frappell, global general manager at Sydney-based ABC Bullion. “The market is not looking for any signs of tightening should inflation pick up in the near term. Gold traditionally outperforms when real interest rates are low.” ...

https://www.bloomberg.com/news/articles/2021-01-04/gold-hits-two-month-high-as-dollar-real-yields-face-pressure?sref=Em01M8Hr

+ $26.93

Anything to say about Alba?

George Lucan HOPES he'll have the money by end January - but on what terms?
-------------------
The terms he has outlined, I imagine.

... my real worry is that , like ANGS, they may have exhausted the appetites of even the shysters loan sharks...
-------------------------
George Lucan of Angus has indicated that documentation for their debt facility should be done by the end of January.

As George Lucan has explained, RBL finance is not currently available for amounts of less than $20m.