Member Info for ocelot

In Angus's case, the tax losses are doubtless located in AEWB No.3 - as the CPR shows, they are planning to offset these against net revenues from Saltfleetby.

The revised Balcombe application is due to be submitted soon.

Don't think they are forecasting $100 in the next few months!

JP Morgan: oil at $100, maybe $190, in years to come.

https://edition.cnn.com/2020/06/18/investing/oil-price-spike-jpmorgan/index.html

JP Morgan: oil at $100, maybe $190, in years to come.

https://edition.cnn.com/2020/06/18/investing/oil-price-spike-jpmorgan/index.html

The subsidiaries, and their principal activities, are listed under note 13 to the annual accounts.

Angus Energy Weald Basin No.3 Limited is, in fact, the only operating subsidiary, 3 others being investment holding companies and 1 subsidiary being dormant.

At the most obvious level,Balcombe and Brockham are NOT owned by Angus energy,but by Weald basin company number 3.This is a paper company,and we must wonder at the ulterior motives behind it.
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Some paper company, RealAnalyst!

It is their principal 100%-owned operating subsidiary, the subsidiary through which they hold their interests in Satlfleetby:

In accordance with your instructions, Oilfield International (“OIL”) has valued certain petroleum
interests held and operated by Angus Energy Weald Basin No 3 Ltd (hereinafter “AEWB”) on
behalf of Angus Energy plc, namely a 51% working interest in the Saltfleetby Gas Field which is
part of the UK onshore licence PEDL005. (from the CPR)

MS Galleon AG up to 11.07% from 6.79%.

Threshold crossed on 16/06.

after yesterday's big volume, but the truth is volume remains pretty impressive (435m per advfn) and more loose holders have exited their positions.

We've already exceeded the volume done yesterday in the first 4 hours - it was only afterwards that volume took off.

In the nature of a holding RNS. Sharp reductions in staffing levels.

I've made this point before, operating losses in 18/19 were not enormous (£4.788m), especially when one allows for the fact that ewt revenues (£2.411m) and corresponding operating costs (say, 1/3rd of £2.411m) were excluded from them.

It wouldn't take much additional oil flow for UKOG to become profitable at the operating level.

The Brent price is of more fundamental significance.

With Brent nearly $42, their operating margin is very comfortable. If and when those oil flows increase, their operating profits should be very comfortable, too.

.

Alternative views, that's what makes a market!

Almost: a late 10m+ trade (at 17:10:34) bumped it up to 923m per advfn.

RealAnalyst,

The "traders" futures chart shows how the market currently anticipates gas prices will evolve.

I suspect the market gets things right more often than economists, but that is, of course, a matter for personal judgement.

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

About 12 noon, I think.

per advfn