Member Info for ocelot

In terms of recoverable gas resources, the calculated figures places Loxley as one of the largest gas accumulations discovered and flow tested in the UK onshore. If proven by future production, the calculated gross mean recoverable resources would place Loxley second after the Saltfleetby gas field, the UK onshore's largest gas field to date, which produced approximately 73 bcf. (RNS of 21/09)

More likely weeks than days, at a guess.

No, this is HH-1, so nothing to do with water ingress (that's the problem at HH-2z). They've reperforated HH-1 in order to optimise oil flow.

The Company has therefore today allotted 9,678,945 new ordinary shares to the noteholders ("Relevant Shares"). (RNS of 04/11)

Trade's just been reported of 4,078,945 shares at 0.65p, so that could be Riverfort out.

The share price was pulled up by the uncrossing trade at yesterday's close, it's simply given back today that rise at 4.35pm of yesterday.

The purchase price for the Licence is adjusted for the settlement of outstanding amounts due from Doriemus to the Company and a contribution towards the estimated share of long-term abandonment liabilities and results in a net payment to the Company of approximately GBP260,000 in cash in Completion. (RNS of 21/10)

... the Directors may require the authority of Shareholders in order to have the flexibility to allot further Ordinary Shares in the future, whether in the context of the prospective Saltfleetby Equipment Financing facility or more generally, should they consider it to be in the best interests of the Company to do so.

Accordingly, ...

The Company's general meeting will be held on 9 November 2020 at 11.00 a.m.

Spot gold is now up on the day at $1,954.42.

Riverfort financing of the acquisition of Magellan's stake in HH, failure of HH-2z to flow, ... and Covid 19 hasn't helped.

new investors are to be welcomed.

Misunderstood what you meant by "economics".

Misunderstood what you meant by "economics".

Yes, that makes sense, Crocqman, thank you.

Agreed, Penguins, have wondered if the dual completion of HH-1 may not have fallen victim to the failure of HH-2z to flow and generate the cash anticipated.

We simply don't know.

There was the intention to produce from both the Kimmeridge and the Portland at the HH-1 well, but there has been no mention of this for the last several months.

Yesterday's RNS was factual and expressed in neutral terms without any hype whatsoever.

I do wonder if there isn't some other news that will be released quite soon (but this is pure speculation on my part, of course).

I made a mistake in my post of 17:40 yesterday:

Re Angus's Balcombe ewt application for its horizontal into the Kimmeridge, WSCC's Planning Officer has until 25/11 (and NOT 18/11) inclusive to make his recommendation:

Only the higher workings at Llechfraith are currently directly accessible, the levels below Level 2 being flooded. Dewatering the main Llechfraith shaft would enable the Company to physically access areas where visible gold has been mapped. Geochemical monitoring of the water within and adjacent to the workings is ongoing and continues to indicate that the underground water is benign and that any contaminants are within acceptable levels. Initial positive discussions have been held with the competent regulator in this regard, and the Company's consultant hydrogeologist is in the process of formulating a detailed dewatering plan. (TNS of 05/10)

13 weeks is a quarter, so I fail to see how an application made on the 20th can lead to a final date for the recommendation on the 25th.

Thank you for that, DoneK.

I make that 14, not 13, weeks after 20/08, but 25/11 it is.