Member Info for ocelot

That's the US Henry Hub price, isn't it?

See GL's answer to an Investor Question asked on 20/07 for a comment on the Henry Hub price.

10 mins ago

https://drillordrop.com/2020/08/03/dunsfold-drilling-plans-to-be-decided-again-after-refusal-ruled-invalid/

0.23p at the close

2nd price monitoring extension

Hasn't closed yet: first monitoring

0.25p paid

That's a very fair decision on the part of the Council - good!

Agreed, the RNS is bullish.

Alba has taken advantage of the current gold market to raise cash in order to press ahead with its ambitions:

With the price of gold currently at an all-time high of almost US$2,000 per ounce, as announced on 22 July 2020 the Company's near-term work activities will be very much focused on the Clogau Gold Project. The proceeds from the Placing will be used to accelerate work activities at Clogau ...

Melville Bay, Greenland – Iron-Ore (51%) – MEL 2017-41
This small 17 sq. km licence importantly includes an area upon which a JORC Inferred
Resource of 67m tonnes at 31.4% iron-ore was defined by a previous licence holder
in 2011 over the Havik prospect. The other licence stake holder is a private mineral
resources investment group.
The project lies within the Committee Geological Belt which runs from Baffin Island
in Canada into north-west Greenland, and includes the operating iron-ore mine at
Mary River, which has produced since 2014, with a reported resource of 350m tonnes
at an average grade of 64% iron-ore which is of Direct Shipping Ore (DSO) quality.
Previous testwork has shown that the magnetite ore which makes up the 67m tonne
resource can be readily upgraded to 70% iron-ore using conventional magnetic
separation.
The resource report for Melville Bay included, in addition to the Inferred resource of
67m tonnes, an exploration target in the range of 158 to 474m tonnes with a grade
of between 27% and 47% Fe. This shows the potential to significantly increase the
defined resources at Melville Bay.
The next stage of work planned by Alba will be to commission an independent desktop
scoping study to evaluate Melville Bay’s economic and technical feasibility. Further
exploration activities will focus both on expanding the existing magnetite resource
but also targeting economic quantities of high-grade DSO material analogous to the
Mary River deposit. In that respect, it is noted that past drilling at Melville Bay
included a drill hole at the De Dodes West target grading 58.84% iron-ore over 3.6
metres, and a drill hole at the Haematite Nunatek target grading 68.18% over 0.6
metres...

Melville Bay – Although a JORC resource is defined for Melville Bay, we would need
to see the details of some form of economic or technical study to be able to apply a
valuation. To reflect the benefit of a reasonably sized JORC resource and what
appears to be plenty of exploration upside we have valued the project at x3 its
balance sheet sum of £82K.

at 8:21

on 28/07, from the previous level of 11.07%.

PS: 1:2 warrants at 0.13p, twice the placing price, so the amount raised will double if those warrants are exercised.

Good! the RNS communicates a sense of urgency.

Reads as if it was written with the stock market in mind rather than local planning considerations.

Not particularly hopeful about the Loxley decision, but it certainly has posed a problem to Surrey CC - it will be 5 weeks on Monday.

It would help to have greater clarity re Tellurian's holding in UKOG.

Is it still there?

If yes, is it above 3%?

Think SS has learnt the hard way of the importance of the share price: its current deflated level is acting as a constraint on his ability to finance the company's ambitions.

The clearance of the Riverfort overhang was an action taken to help the share price, but its effect was almost immediately undone by the Surrey CC planning committee fiasco and the negative news about renewed water ingress at HH-2z.

Turkey, with its potential "quick monetisation", has clearly been undertaken with cash-generation in mind.

Believe the market is underestimating SS's resourcefulness: UKOG remains an ambitious an interesting stock.

We've been told by a poster, who had contacted the Council, that 3rd August, next Monday, is the key date re the Council's next step.

It was 3.55p at the close the day before the Brockham RNS of 28/06/19:

despite the appearance of the current share price, there is more to ANGS than Brockham.