Member Info for ocelot

Long way to go to become a mid-cap, but, as AME remarked, UKOG is and remains an ambitious company, so let's see how things develop from the current lowly level.

It's gathering its forces!

Useful reminder of the date of the RNS, Mullins58, 23/07.

After almost 8 weeks, perhaps things are beginning to accelerate.

Very recent - UKOG Turkey Ltd name registered on 10/09, 6 days ago - things are moving ahead.

Sorry, the question related to "hores".

I'll leave it to the imagination of the board's readers to work out the deleted word!

Horse is spelt "horse", ***** is spelt "*****", what is "horse"?

"... Despite the debt burden, Premier’s $4 billion of tax losses could be attractive to a potential buyer, the people said. Oil and gas companies operating in the U.K. can carry forward tax losses and offset them against future profits..." (Bloomberg).

A reminder that UKOG's current market cap of £21.9m is less than the value of its tax losses if they can be offset against profits (assuming accumulated losses at 30/09/19 = tax losses, then 40% of £59.153m = £23.66m).

At the very least, this suggests that UKOG's current market cap is undemanding.

The share price rise itself is strengthening Alba's position, in terms of its financing capacity and negotiating hand re potential joint ventures for some of its Greenland assets.

Agree with your post of 08:26, rustvaar.

Alba's been treated harshly by the market for a long time, a more positive assessment of its prospects is long overdue.

Approaching interesting territory.

For myself, up to about 0.30p, it has simply been correcting an exaggerated fall.

If it can break through 0.30p and climb, then that would be a different story and very encouraging for the future.

It wasn't so long ago that Alba was Zzzzzz ..., too - these things can change very quickly.

RealAnalyst,

My interest in ANGS dates from after GL's arrival, so I have no first-hand knowledge of anything earlier than the Spring of 2019.

The warrants will also be subject to an accelerator provision, such that if at any time during the 24 month duration of the warrants the 10-day volume-weighted average price (VWAP) of Alba ordinary shares exceeds 0.26p per share, the Company may give warrant holders notice to exercise their warrants within 10 business days following the Company's notice and to pay the exercise price in full within 15 business days following the Company's notice, failing which the warrants will automatically expire. (RNS of 03/08).

£200k of these warrants remain outstanding at present.

Reminder that the CPR's figures gained very considerable credibility via the off-take agreement with Shell:

The terms of the agreement are in line with the assumptions used in our CPR and we are pleased to have such a robust partner for gas sales. (RNS of 12/08)

Personally, have been using the CPR's mid-case figures for the net present value of post-tax net revenues at 01/01/20 (p56):

Disc Rate Gross PreTax AEWB PreTax AEWB Post-Tax
0% £96.7 £50.5 £36.3
5% £76.6 £40.2 £29.9
10% £62.3 £32.9 £25.2

£25.2m is for a 10% pa discount rate and = 4.17p per share;
£29.9m is for a 5% pa discount rate and = 4.95p per share.

http://www.angusenergy.co.uk/wp-content/uploads/2020/03/Reserves-Resources-Valuation-Report-Angus-Energy-Saltfleetby-Assets-Effective-Date-28th-February-2020-Report-Date-4th-March-2020.pdf

Volume is looking good: 130.3m on AIM, 56.0m on Nex.

Good to see the share price rising in such healthy volume.

to avoid any misunderstanding, I should add that the article concerned individual prospectors, not companies.

Sunday Times article of 02/05 (if you have access to the site):

https://www.thetimes.co.uk/article/britain-is-facing-a-gold-rush-as-the-price-doubles-in-five-years-scw256rhj

Balcombe: deadline for comments on the application, 28/09, 2 weeks tomorrow.