Member Info for ocelot

UKOG is showing some signs of life ... at last!

We would hope to have soft commitments or so-called strong indications for the larger part of the facility during October, however we can’t guarantee third party timetables. (from answer to Investor Question asked on 30/09)

We are very pleased by the interest expressed to date by potential funding partners and by their estimation of the value of the asset to be financed." (from RNS of 04/11)

The Company is seeking to raise up to GBP12m through the issue of a senior secured debt facility which will be secured, inter alia, on 100% of the Company's and SEL's working interest in the Field. (RNS of 23/09)

The security is the Saltfleetby facility.

... and the suppliers would not be entering into agreements without being confident the funds will be there.

We are very pleased by the interest expressed to date by potential funding partners and by their estimation of the value of the asset to be financed."

My interpretation: the funds are there, it remains to determine the exact terms.

Yes. For myself, they seem to be well up with the Q1 schedule.

operational update, conversion of final tranche of Riverfort loan and, at the very end:

We are very pleased by the interest expressed to date by potential funding partners and by their estimation of the value of the asset to be financed."

on Aquis at 16:37

Don't think anybody was expecting any results before the assay office has had the opportunity to do its work.

Brent back above $40

... as well as preparations for the surface drilling campaign which we also hope to kick off next month."

What was a hope in the RNS of 21/10 is now being realised.

Reminder of the programme from the 21/10 RNS:

The programme is scheduled to continue until the end of October, following which we will move into the formal assaying of all the drilled and sampled material, the start of the first phase of our regional surface trenching programme as well as preparations for the surface drilling campaign which we also hope to kick off next month."

seamless transition to surface drilling

http://www.rns-pdf.londonstockexchange.com/rns/0944E_1-2020-11-3.pdf

from 18.94%, on 28/10.

Almost at the very end, from about 14:20, Mark Austin:

"it's not going to be a big mine, ... but it'll be a high grade mine ...".

Thank you, nookie, good stuff.

At about 5:50, GF: "We would expect to get a 3 to 5 times premium on normal rates of gold".

How on Earth can you have a stock quoted at 0.0p?

Filtered.

Yes, expectations low, so good upside potential on positive news or even simply less bad news than anticipated.