Member Info for ocelot

It's unlikely, SS runs a pretty tight ship.

If UKOG really can produce 4 tankers of oil a day, then they are profitable.

4 x 220 barrels x 365 days x operating margin of about $30 with Brent at $43 = $9.636m of operating margin = £7.7088m with the £ at $1.25.

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Very active close to the session.

Amazed, didn't know hedge funds took positions as small as that!

Wouldn't have thought it was worth their time.

Think it's currently on course to exceed yesterday's volume - since it reached 1bn, trading has accelerated.

You have to ask yourself, if that is the case then why aren't any hedge funds invested yet. The biggest shareholder is a properties company lol
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Have you taken note of ANGS's current market cap? It's a bit difficult for a hedge fund to invest in it at present.

volume of 67.2m shares per advfn.

c£7.68m pa - that'll do fine!

per advfn

Looks as if the pool of ready sellers is beginning to dry up!

Looks as if the end of the year could see a lot of activity at both Saltfleetby and Balcombe.

That's no more than 6 months away, the market should begin to anticipate this activity about ... now!

Book net assets at 31/03 of £11.116m = 2.07p per share.

There was no reaction from anybody else, gkb47, so it was hard to tell :-)

Book net assets: £11.116m.

At Balcombe, the Environmental Agency have removed their objection to our application and the well test programme is ready to submit to the OGA. A preliminary finding by the Planning Officer at West Sussex County Council has prompted us to rethink aspects of our proposal, withdraw and 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.

... Our aim is to complete tendering before mid-June with a view to pipeline connection in Q3 and installation in Q4 with an eye to first gas near the end of the year. There are many moving parts to the programme and our timeline will be at the mercy of the slowest of them. Notwithstanding that and the present Covid-19 situation progress made to date gives us some confidence that the timetable will not be greatly altered...

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In fairness to the derampers, GL has made it clear he is no longer interested in questions which are too far backward-looking:

... Angus today in 2020 is a very different company. The entire Board, bar one, is new as is half of the technical team and the operations team is greater in size and considerably more experienced. Operational and planning procedures are new. Regulatory and compliance systems are being put in place or refreshed. New assets, potentially vastly more profitable than those of old, are being brought into production and further acquisitions are being considered in a systematic and disciplined manner.

We do want this Q&A site to be a forward looking forum which informs investors well about the real prospects of the company, the day to day technical challenges, and the huge opportunities that lie ahead in a rapidly changing and unpredictable world. (part of answer to question asked on 31/05)