Member Info for ocelot

sorry, miscounted, that should have been 17 are green.

on a page of, in theory, 25 posts, 15 are green.

Sorry, gkb47, have filtered a number of the principal protagonists, so have very little knowledge of what you are talking about (please don't attempt to explain it to me!).

If the principal preoccupation is the accounting treatment of rent, then that looks pretty bullish to me!

Not necessarily.
This country is particularly tough when it comes to planning permission.
If the deal looks sufficiently attractive, reckon he should be able to raise the required funds.

We continue to actively pursue and evaluate new opportunities, both home and abroad, to add near term production revenues for the Company and we will be operating prudently and creatively to enable UKOG to perform at an optimum level.
-------------
I just wonder about the above sentence. Given that HH -2z's problems were known to SS, he has had a certain amount of time to think about his next move(s).

... Consequently, the underlying driver of our actions in response to the price collapse was not simply to focus on cost cutting to weather the downturn, but more importantly, to position the company to emerge stronger and with an eye for new opportunities. We believe these will surely present themselves in a financially distressed world...

We continue to actively pursue and evaluate new opportunities, both home and abroad, to add near term production revenues for the Company and we will be operating prudently and creatively to enable UKOG to perform at an optimum level.

10 minutes ago

1/ Without tax: 100

2/ With tax: 60

1/ is 1.67x higher than 2/

If you're planning to make taxable profits, then it is better to start with tax losses to offset against those profits than to suffer the full impact of the total tax rate of 40% on those profits.

gkb47,

I'm sure the BoD is fully aware of Angus's exciting prospects, given that they are the ones responsible for them.

As for the employment of their own cash, that is their personal affair.

The effect is to multiply the "front-loading" of the project, generating significant cash which ANGS will then need to employ elsewhere.

If you look at the mid-case forecasts on p52 of the Saltfleetby CPR, you can see that revenues are forecast to be completely tax free in 2021 (£2.1m), 2022 (£6.6m) and 2023 (£7.2m).

The losses remain losses until they can be offset against taxable profits, so it's a question of identifying AIM companies with tax losses which are likely to be generating taxable profits in the future ...

Step forward ANGS.

AEWB No.3 Limited's tax losses are , therefore, the part of the CPR which exist already.

£15.64m at 40% = £6.256m = 1.07p per share.

Re tax losses:

at 30/09/19, in total £18.533m which are indefinitely available (see note 9 of the 18/19 accounts) and of which:

£15.64m are located within AEWB No.3 Limited and form part of the Saltfleetby CPR's post-tax future net revenue forecasts (see the CPR's p47 and the forecasts - the mid-case forecast is on pp52, 53)

Reminder: because of ANGS's high total tax rate of 40% (p47 of the CPR), these tax losses are particularly valuable to Angus.

It's fully understandable, ineed2know, that you should seek evidence of a tangible result before taking another step.

The problem, from a market point of view, is that you are likely to miss out on a part of the share price recovery: just as the downward adjustment in the price was brutal, on the Brockam RNS of 28/06/19, so it is possible the upward adjustment will also be brutal, on the first convincing signs of the evidence you seek.

Monday and Tuesday constituted a double whammy of bad news.

But that bad news is now out there in the public domain and in the share price.

So we await a successful operation to increase production from HH-1's Portland and greater clarity concerning their intentions for the future of HH-2z.

I think I read that, at one time, the action group may have consisted of about 20 people.

It is, therefore, only a few of them who have chosen to participate in Plan B.

One hopes that some of them will buy back in again, in order to recover, at least, part of their losses.

If they sold out on the Brockham RNS of 28/06/19, then the current price offers a cheap buying opportunity.

Think Lewy10 must go - filtered.