Member Info for ocelot

From the first RNS re Turkey of 23/07:

Should Basur and Resan prove successful, the Licence therefore offers UKOG the realistic potential of adding significant net recoverable reserves greater than those within its current UK portfolio.

Speaks of UKOG from 15:38.

We've just applied for the assignment of the interest.
Also applied for 3 new licences in this area in the last week (said on 26/11).

The 2 new appointments have great experience and have chosen to come on board, which itself says something about Alba and its prospects.

The mid-price is off 1.2% after yesterday's closing price was pulled up by a UT - volume on AIM is a modest 1.2m shares at present.

Agreed, at about 16:28-16:40, says they'll start drilling their first licence in the next 60 days or so (this was said on 26/11).

That's what this board is for, to provide information one wouldn't otherwise be aware of.

Many thanks for all of this information, Ibug.

Looks as if they are preparing the ground for Alba to become a considerably bigger company - the share price should reflect that.

2 interesting appointments of quality.

"These appointments are indicative of the Alba Board's determination to keep pushing Alba in the right direction and to strive for excellence on all levels, both in the quality of our projects, in our technical work and in the depth of our management team."

Many thanks, Gallifreyan.

You've lost me, HeadinTheSand.

Take up your point with Tom Fraine of Shore Capital (or Citywire, if you prefer).

HeadinThe Sand,

My post was prompted by a Citywire article on Renew this morning. You should make your point to Tom Fraine, an analyst with Shore Capital:

‘We believe, despite the recent share price appreciation, Renew represents a good opportunity for investors to benefit from the UK government’s commitment to invest £640bn in infrastructure over the next five years,’ he said.

Will ANGS be able to benefit from the government's planned infrastructure spending programme?

Daryl Murphy, head of infrastructure at Aviva Investors, said: ”Today’s Budget was not surprisingly and rightfully focused on support to manage the impact of Coronavirus. However, infrastructure still featured strongly.

“The Chancellor announced £640bn of investment over the life of this Parliament into roads, railways, digital, schools, hospitals, housing and power networks. This was not unexpected given the pre-election announcements but it is positive to see this firmly stated as policy...

“The role of private investment within this generational change in infrastructure investment remains less clear but remains likely to be focused on energy transition as part of the pathway to net zero, digital investment in fibre and utilities... (from an article dated 11/03/20)

If you drive with your eyes focused on the rear-view mirror, you are likely to be surprised by what lies ahead.

Therein lies the problem of the detractors, they are always looking backwards and never looking forwards.

As a reminder, an extract from the transcript of GL's interview with Drill or Drop of 02/10/19:

I love it (Saltfleetby) because it is not oil. I won’t say I’m an out and out bear on oil. I’m not. But I would have to
say that with the advent of the electric car, possibly the hydrogen fuel cell car one day, but certainly
the electric is already in place, we will see diminished demand for the crude oil product, unless,
somehow, we manage to greatly expand plastic use. So, I’m not saying this is the death of oil
whatsoever. But, if I had to take a view as somebody who had been in hedge funds with commodity
traders, a long-term view on oil is I don’t think we’ll see $80, $90 oil again and if we do it will only be
very briefly, which means a lot of projects make less sense.
I also think that environmental concerns will grow greater on the oil producing side of the industry
and it’s already been years of materials replacement as well as alternatives to traction power.
People don’t like it, put bluntly. They like gas because they need it and they are likely to need it for
ever. It is pretty much the same stuff but it is a lot, lot, cleaner. I like the fact that it is cleaner.
I like the horizon that exists around gas in conversion to hydrogen – I say horizon because it is not
really very economical now - but I like having that in the distance.
If I were to express my preference, we would look more at gas assets than oil assets in the future. I
wouldn’t turn my back on oil. It is still essential. It still forms the backbone of the materials that you
and I use in hospitals, critical components in heart pumps and such like, and you can’t make them
out of bamboo. Plastic is a really important useful thing and oil is the only way of getting there really.
But it’s not the product I’d rather be dealing with when looking at the hydrocarbon universe because
I do feel it will be under pressure, price-wise at any rate, and is already environmentally under
pressure.

https://investigatingbalcombeandcuadrilla.files.wordpress.com/2019/10/transcript-of-interview-with-george-lucan-of-angus-energy.pdf

:-)

Apologies to gkb47, that should have been HeadinTheSand.

... the endlessly positive narrative you're so keen on promoting?
--------------------
gkb47, I put a positive "spin" on ANGS's RNSs because I'm a shareholder in ANGS who believes the share price is woefully undervalued.

You put a negative "spin" on ANGS's RNSs because you are a shareholder in ANGS who appears to be very uncomfortable as a shareholder ... but not so uncomfortable as to sell.