Member Info for ocelot

https://drillordrop.com/2020/06/01/lock-on-protest-at-horse-hill-oil-site/

Article now incorporates UKOG's statement.

Don't know, Rastuss, but some of the trolls do resort to some pretty exaggerated language on occasions, which means this board is closely watched.

Admin keeps a pretty close eye on this board, thank you, admin.

That is considerably punchier :-)

Rastuss,

I see you didn't have the time to write anything shorter.

10 mins ago

Looks as if UKOG has found its PR representatives!

From an answer to an Investor Question asked 31/05:

We aim, as stated, to resubmit our planning application to West Sussex County Council as soon as possible. If the application is resubmitted during June and approved within the statutory 13 week period, then we should be on site in Q4.

Looks as if they are heading for a very active Q4.

Re Balcombe:

We aim, as stated, to resubmit our planning application to West Sussex County Council as soon as possible. If the application is resubmitted during June and approved within the statutory 13 week period, then we should be on site in Q4.

Also, from another answer:

... Saltfleetby has two planning applications – one for the site, already submitted, and one for the pipeline extension which we advised would be submitted before the end of May. Although we have not met this precise date, our expectation is that the deviation will not be significant – i.e. of the the order of days not weeks...

https://drillordrop.com/2020/06/01/lock-on-protest-at-horse-hill-oil-site/

Thank you for your post, DoneK.

5 questions and answers in all. From the top answer:

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.

Based on the Group's net debt position at 29 May 2020, at completion of the Sale, the Group would have net debt of c. GBP7 million with c. GBP42 million of available liquidity (including the credit approved CLBILS GBP10 million loan facility which the Company announced on 19 May 2020 and which is due to be finalised shortly).

Sale and leaseback of HO and central warehouse buildings.
Sale proceeds: £18.1m.
20-year lease, annual rent of £1.2m.

and, shifting the decimal point!

0.613p per share

Just to follow up on my post of 10:37:

Book net assets at 30/09/19 adjusted for tax loss carry forwards: £52.035m

= 61.3p per share

Brent closed the week at $37.84.

As activity increases at HH, am hoping it will provide a boost to Alba's share price.

Middle Eastern equity markets mostly rose on Sunday as economies continued to open up from coronavirus lockdowns, with Saudi Arabia leading gains.

The Tadawul All Shares Index climbed as much as 4.1%, before trimming gains to 1.7%. Gauges in Abu Dhabi, Egypt and Oman rose, while those in Dubai, Israel, Kuwait and Qatar traded slightly lower... (from Bloomberg)

Mirasol,

No, I meant "when".

Net assets at 30/09/19: £40.795m

Add: off-balance sheet tax loss carry forwards at corporation tax rate of 19%: £11.24m (assumes accumulated accounting losses = accumulated losses for tax purposes; will become recoverable when UKOG becomes profitable)

Total: £52.035m

Market cap at 0.245p per share: £20.8m

Discount to net book assets at 30/09/19 adjusted for tax loss carry forwards: 60.0%