Member Info for ocelot

It's a question shareholders will take a view on:
if they think the answer is yes, they will hold or reinforce;
if they think the answer is no, they will sell.

As Alba have said, the potential is "huge".

Today's RNS concerns Clogau, but in exploring the Dolgellau gold field they have found an anomaly 4 times the length of the anomaly over Clogau.

And that anomaly was 1 of 10 they found in exploring 9kms of the field.

But the field's total length is 25-30 kms.

Think they are trying to make up for the lost time of the first Covid lockdown.

... a very positive outcome indeed.”

... for this first phase of underground drilling not only to confirm significant quartz vein intercepts,
but also to return material gold values, is regarded by the Company as a great success.

potentially "the most significant discovery at the Mine in many decades.”

And it hasn't taken them very long.

What other significant discoveries are they going to make?

... the first phase of the Company’s underground drilling programme ... has intersected what Alba believes to be
the westerly extension to the Clogau Main Lode, representing a potential 550-metre extension
to the Main Lode. The Main Lode is the source of most of the historic gold production at the
Mine...

“The intersection of quartz veins along strike from the Main Lode is a potentially significant
discovery. The Main Lode has provided most of the gold production at the Clogau-St David’s
Gold Mine historically, so finding a continuation of the Main Lode which has never previously
been exploited would constitute the most significant discovery at the Mine in many decades.”

Well done, the team!

Glasir,

You took the words out of my mouth, the Alba team have shown that they do know what they are doing.

Investment in Alba has been massively de-risked.

Been excited by Alba's gold prospects for a good, long time now, but wasn't expecting such positive results so early from the underground drilling.

the pdf version:

https://www.rns-pdf.londonstockexchange.com/rns/2011H_1-2020-12-1.pdf

But investors aren't invested in ANGS for the past, they are invested for the future, which, for myself, is looking increasingly exciting.

A new year is approaching, time to look forward.
It frequently happens that a poor performing share in one year performs very well in the next.
Are there any reasons to be more hopeful about UKOG in 2021?
Yes, there are.
Vaccines mean that prospects for the world economy in 2021 are encouraging so the oil price could well provide impetus to the share price next year.
Success in Turkey with its rapid monetisation could transform UKOG's cash-generating position and lead to a major re-rating.
Despite all the setbacks in the UK, HH and Loxley haven't gone away and continue to hold potential for the future.
And the Kimmeridge hasn't gone away either, even if we are still waiting for WSCC's planning officer's recommendation re Angus's ewt at its Balcombe horizontal (the deadline was 25/11).

No offence taken, thought your post was a perfectly reasonable one.

that is, even before the assay results Alba have already done and seen enough to have formed a very good idea of what they are sitting on here.

PS: one of the reasons I'm less focused on the results than many is that I believe the results will simply comfort Alba in a decision which is already just about a given, the re-opening of Clogau as a commercial mine.

Reminder of this extract from the RNS of 25/11, my capitals:

- Commencement of the formal impact assessments which WILL form part of the planning application for the reopening of the Mine for commercial production.

RampantRumpole,

It's certainly not outrageous to believe results should come through in December, I'm just building in a little margin by suggesting maybe in early January.

https://drillordrop.com/2020/12/01/horse-hill-oil-production-up-slightly-but-so-are-waste-water-and-gas/

Gold assay imminent, Haha !!
They’ve been imminent months I’m afraid ...
--------------
Months? No, that is wrong.

I think Ruth Hayhurst does very well and is a professional. Drill or Drop is, for me, the source of interesting information.

Her own position is clear, but she always ensures the companies involved are given a voice, too.

It's all part of the negotiations: if their reasonable expenses weren't reimbursed, would the interest rate be 12%?

GL speaks of Aleph as a potential partner, so may be a bit more than a classic financial relationship:
1/ Saltfleetby debt facility;
Under the MOU,
2/ upon presentation of a suitable approved geothermal programme for a new off-site project before the end of January 2021, which Angus has been developing throughout the present year, as further detailed below, Aleph Energy and Aleph Commodities will together seek to procure, on a best efforts basis, up to a further GBP8 million of committed funding for that programme.
3/ Aleph will also assist in funding and developing hydrogen and carbon capture solutions with a view of providing clean energy and local employment opportunities. With H2H Saltend being recently announced, the partners believe Saltfleetby and the surroundings will become a hub for the hydrogen economy in the United Kingdom.