Member Info for ocelot

In order to submit his questions to ANGS, Ja51 bought 1 share in the company.

Has he just sold out? (trade at 9:31)

nhawan,

Think you've confused Brockham with Balcombe: Angus's intentions re Brockham are limited to the Portland and are likely to be very modest.

I'm delighted to have it confirmed that a "decision to further sidetrack and test BB-1" still remains in play.

recommended by WSCC's planning officer, 10-1 in favour.

From Angus's Half-year report RNS of 23/06, re Balcombe:

... we therefore shortly intend to resubmit our Planning Application for a shorter well test duration. We would still aim to be looking at operations and cashflow from this asset in this calendar year.

wizard,

Think "other operators" refers to Angus's Balcombe ewt, where they are due to submit their revised application to WSCC any time now.

In order to confirm the decision to further sidetrack and test BB-1, UKOG will use the extension period to evaluate future Kimmeridge well and test results, which are planned by both the Company and other operators before March 2022.

That's just about the most positive statement UKOG's made about BB in a l o n g time.

Stephen Sanderson, UKOG's Chief Executive, commented:

"The Kimmeridge play, where UKOG holds industry leading knowledge and an unrivalled acreage position within the sweet spot, remains of primary Company interest. This extension will enable us to incorporate key future well and test information into our understanding of this new play before any further appraisal of our BB-1 Kimmeridge discovery."

Includes this statement:

In order to confirm the decision to further sidetrack and test BB-1, UKOG will use the extension period to evaluate future Kimmeridge well and test results, which are planned by both the Company and other operators before March 2022.

"and other operators": that looks like a reference to ANGS's Balcombe ewt.

The fact that Surrey CC's investigation continues more than week after the meeting, is, in itself, quite an admission.

Ocelot - SS and the BOD are solely to blame for the demise in capital - ...
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I do find you a wee bit harsh, Qwerty.

For myself, SS and the BoD are responsible neither for Covid-19 nor the geology of the HH-2z well.

From memory, GL has spoken of Clogau's potential as being "vast" - one can understand why!

Note that, despite the enormous volumes very recently, there has been no declaration of a shareholding threshold being achieved.

UKOG's market cap restricts SS's ability to conduct placings of any size, the company needs to get its share price up.

In retrospect, the ideal would have been to go to the market and raise substantial sums back in 2017, when the market cap was between £100m and £200m, but who predicted the problems they have since encountered at BB and, now, at HH-2z?

And the Daily Telegraph wrote of 500,000 ounces (without citing its source, it is true):

https://www.telegraph.co.uk/news/2020/05/24/gold-mining-company-lodge-planning-application-dig-snowdonia/

As shown on the futures curve:

https://www.erce.energy/graph/uk-natural-gas-futures-curve

So the share price is currently backward-looking and not forward-looking.

It's currently valued as a failed explorer, the market has yet to take note of its gas production project.

No stamp duty on property sales up to £500k until 31/03/21. Takes effect immediately.

Not sure Broadford Bridge merits an RNS, it's inactive.