Member Info for ocelot

RNS, up to 5.02%

Unusual, Alba is currently more or less level-pegging with UKOG in terms of volume.

Looks as if the opportunity to buy below 1.00p may not last much longer.

22.6+m at 0.084p.

One of the Eyes reports activity at HH (UKOG board, post of 09:20), so it may be that the planned interventions will start soon (don't forget Monday is a Bank holiday).

Paddy Clanwilliam took his first year's salary in shares valued at 3p.

On the basis of the Saltfleetby CPR alone, intrinsic value seems to be about 4-5p, so the subject-title is somewhat misleading.

Intrinsic value is certainly low by comparison to the historic share price highs in the region of of 35p, but it means ANGS offers a cheap buying opportunity at the current share price level.

Daily volume's been turning around the 100m level for a good number of days.

On the day of the last placing, adjusting for late-reported trades, volume was close to 1bn shares.

The share may be down at a very low level, but interest in UKOG remains high.

http://www.angusenergy.co.uk/wp-content/uploads/2020/03/Reserves-Resources-Valuation-Report-Angus-Energy-Saltfleetby-Assets-Effective-Date-28th-February-2020-Report-Date-4th-March-2020.pdf

At £1.93m, the convertible debt is down to a level where an II might be tempted to offer funds, in the same way Canaccord did, but on condition it was used to help pay down Riverfort.

Not sure what that would do for the share price, given that it would require UKOG to issue more shares at the current low level.

From the RNS of 20/04/20:

... the terms for conversion of the remaining GBP350,000 have been altered as follows. New repayment dates have been set at six equal monthly instalments between 24 May and 24 October 2020 and, if the Company elects not to pay an amount on the due date, that amount will become either convertible at any time as per the original terms or simply repayable at final maturity.

highroller,

Think you're referring to Surrey CC's Planning Officer's recommendation of UKOG's application re Dunsfold.

Unfortunately, Surrey CC has now postponed the relevant Planning committee meeting where the decision was to be taken.

Thank you for providing me with a get-out clause, HeadinTheSand, I was becoming worried about the extent of my commitment here!

Think those posts went yesterday.

What was new this morning was the removal of the overnight posts including gkb47's post re the Red Lion pub in Houston, Texas (which looked quite appealing).

Revenue from sale of hydrocarbons produced as a by-product of testing and evaluation activities offset against costs of intangible assets. Totalled £2.411m in 18/19 (bottom of p60 of the Annual Report).

So these revenues did not pass through the income statement and will only do so when they become production revenues.

Confusing: is the site malfunctioning or have a number of posts been deleted?

Completely agree, wizard, it's the market cap that counts, how that market cap is spread across the shares constituting the company's issued capital is irrelevant.

improves the solidity of the balance sheet, boosting equity capital, reducing loan capital.

Certainly should have to fell all those trees!

Quite a coincidence that one, agreed.