Member Info for ocelot

2021, not 2012!

It could be a huge buy for 2012, yes, but, for the present, it is a speculative buy, because we simply don't know how successful the campaign in Turkey will be (or, indeed, what future oil flows will be from HH).

Low volume so far, 334k shares on AIM.

The share needs some new buying to come in. This may be triggered by positive news or it could take place simply through an increasing number of investors arriving at the conclusion that the share is undervalued.

We shall see (as always!).

... But there’s more to this than a realignment of supply and demand -- huge financial flows are also driving the price rally. In a world that’s expecting to see travel recover sharply next year, crude has become a hot Covid-vaccine trade.

“Oil is the cheapest of all reflation assets,” said Amrita Sen, co-founder of London-based consultant Energy Aspects Ltd. “With vaccines slowly rolling out, we expect investors to start returning to the oil sector and for prices to continue firming.”

In some corners of the world, the recovery in demand is almost complete. India’s largest refiner said last week its plants are processing at full capacity and it’s expecting a v-shaped rebound in fuel use. Consumption of gasoline is also at or near pre-Covid levels in China and Japan, the world’s second and fourth biggest oil consumers...

https://www.bloomberg.com/news/articles/2020-12-13/oil-rises-from-the-ashes-as-the-big-coronavirus-recovery-trade?sref=Em01M8Hr

10 mins ago

The pound rose after the U.K. and the European Union said they will continue talking about a trade agreement, keeping hopes for a late deal alive.

Sterling was quoted as much as 1.2% higher at $1.3378 as of 5:26 a.m. in Sydney, after U.K. Prime Minister Boris Johnson and European Commission President Ursula von der Leyen agreed to keep working on a post-Brexit accord... (Bloomberg)

No, that's not me, FunkyGibbon, like to think of myself as a fundamentalist (!).

Assay results, arrival of pilot plant on site from South Africa, both of these in the very near term.

Most equities markets in the Middle East advanced as investors looked to the rollout of mass vaccination programs for a fresh spur to prices...

“This is really the inflection point that we have been waiting for throughout 2020,” said Fahd Iqbal, the head of Middle East research at Credit Suisse AG in Dubai. “Right now, there is going to be a process of understanding the logistics, how quickly people will be inoculated. But this will be a significant change to sentiment overall. It is a clear scaling-up opportunity in terms of exposure to the region.” ...

Yes, it is one of the destinations for the funds raised by the last placing of 25/11:

- Dewatering of the Llechfraith mine area to allow for underground exploration and development

Can the share rise in a similar proportion, from 0.75p to, say, 4p?

Yes, it can (imho).

For the LTHs of very long standing, it brought a rise from 6p into the 30s, but that was in another time.

Agreed, ANGS do need to produce the gas, but, with National Grid and Shell on board, I don't see the market waiting to re-rate the share until the gas is actually flowing.
Markets anticipate the future.

At least you accept it's walking!

PS: we will know UKOG's cash position at 30/09/20 by 31/03/21, the date limit for the publication of the annual figures.

Nobody on this board can answer that question with any accuracy, because it requires access to UKOG's accounts.

It's only higher tariffs that will occur with a no-deal, higher costs and long delays at ports are likely to occur anyway.

It's been 4 1/2 years since the Brexit referendum, 4 1/2 years during which UK equities have under-performed globally.

If it is a no-deal, I do wonder whether the UK market may not react with relief, that the uncertainty has finally been removed.

Amitsoq: "perhaps we've got some kind of a gold play there as well".

4:35-4:53

Take a look on Aquis, where they are also traded.