Member Info for ocelot

... “In the future, certainly we believe OPEC will be the swing producer — really, totally in control of oil prices,” Bill Thomas, chief executive officer of EOG Resources Inc., the biggest independent shale producer by market value, said earlier this month. “We don’t want to put OPEC in a situation where they feel threatened, like we’re taking market share while they’re propping up oil prices.” ...

It’s as though the U.S. suddenly went from being a thorn in OPEC’s side to being an unofficial member of the cartel’s alliance with Russia and other producing nations...

https://www.bloomberg.com/news/articles/2020-11-28/the-pandemic-has-broken-shale-and-left-oil-markets-in-opec-hands?sref=Em01M8Hr

The 5% is in Brockham, where Angus is the operator, not in Angus itself.

It's important to keep Loxley in perspective. One of the reasons it is generating so many posts is because it is filling the vacuum of news from elsewhere.
My opinion has been "buy" for a while now. This largely reflects the low level to which the share price has fallen.
To become a "strong buy", one needs greater clarity re prospects at HH &/or Turkey.
I am hopeful that greater clarity may be provided in the pretty near future.

Confirm that GF has evoked the sale of the HH stake ... at the right price.

The problem is the likely buyer, UKOG, has other preoccupations at the present time.

2 factors in UKOG's favour:
1/ the uncertainty of the Loxley planning committee meeting is behind us;
2/ the share price is considerably lower now than it was at the close last Thursday.

Delayed reporting of trades would be more accurate than "late".

Late reporting of trades.

Before yesterday's meeting, think the share price was poised to rise to 0.30p and higher.

The real damage to the share price of yesterday's meeting was to stop that rise in its tracks.

On the other hand, not at all sure a fall of more than 30% was justified or anything more than an emotional reaction.

Expect to see that fall largely corrected quite quickly - we shall see.

Placees arbitraging between existing holdings and placement shares available at a lower price?

I hope that isn't true.

Thought we would have received news about Balcombe this week, but no.

I read in a comment on a Drill or Drop article that because the council officers made their own advice clear the councillors may have to go elsewhere in order to defend UKOG's appeal.

It creates a truly absurd legal situation:

UKOG appeals,
the councillors mandate the Council to defend their decision
and the council officers ask the councillors: how?

"Enjoy the appeal" is a good choice of words, sandal.

How can the Council counter the appeal when the record of the meeting itself shows the councillors were warned of the risks they running if they rejected the application?

https://drillordrop.com/2020/11/27/reaction-to-second-refusal-of-dunsfold-drilling-plans-ukog-likely-to-appea/

2.383bn, getting on for 20% of total issued share capital.

Looks like the classic knee-jerk reaction today, but knee-jerk reactions aren't always the best reactions.

Nothing to do with the CEO, everything to do with the councillors involved.

Loxley's delayed, attention now turns to HH and to Turkey.

A year?

at 0.375p.

Turkey isn't fully funded, but is not clear when additional finance will be required.