Member Info for ocelot

The extract was from Bloomberg.

Hard to imagine a more confusing economic situation than the present one.

U.S. employment surged last month with the biggest gain since May 2018, indicating the labor market was on especially solid footing before the spread of the coronavirus intensified.

Payrolls rose 273,000 after the prior month was revised up to also reflect a 273,000 gain, according to Labor Department data Friday that beat all forecasts in Bloomberg’s survey calling for 175,000. The jobless rate fell back to a half-century low of 3.5% as average hourly earnings climbed a steady 3% from a year earlier.

HH is their principal asset, its book value alone exceeding the current market cap by about 70%.

Alba awaits UKOG's next operational update re HH.

DUBAI — Iran's oil minister expects a "very difficult" meeting in Vienna on Friday between OPEC and oil exporting countries that are not part of the group, including Russia, the Iranian energy news service Shana cited him as saying.

OPEC on Thursday told Russia and others oil exporters it wanted an additional 1.5 million barrels per day (bpd) of oil cuts until the end of 2020, saying a big move was needed to deal with the impact of the coronavirus outbreak.

"We are making efforts to reach an agreement with non-OPEC member countries," minister Bijan Zangeneh said ahead of the meeting, according to the energy news service of Iran, Shana.

https://www.nytimes.com/reuters/2020/03/06/business/06reuters-opec-meeting-zangeneh.html

If it was Riverfort, means they sold about 5/8ths of their converted stock yesterday, leaving about 12m to sell.

And I'm not sure US shale needs to suffer any further decline in the oil price, it seems to have its fill of problems as it is.

They take to the ring for ... another round: always been able to arrive at a solution so far.

Given current circumstances, it's in their interests to do so again this time (even if those interests do not necessarily coincide).

Times, p49, insert in Market report:
An oil and gas company run by Lord Lucan, ... was given a welcome boost from a gasfield formerly owned by Gazprom, one of the world's largest gas producers.
Angus Energy, whose managing director is George Lucan, ... said that its 51% stake in the Saltfleetby field in Lincolnshire is worth about £25m, according to a 3rd-party analysis of the asset. That is the base case; Saltfleetby could be worth £35m to Angus if everything falls in its favour - a big deal for a company with a market capitalisation of £5.4m.
Oilfield International, which produced the CPR, estimates there is 16bn cubic feet of gas underfoot at the project as well as 97,000 barrels of condensate.
Angus will probably have to spend about £1.5m, which would allow it to start producing gas this year. That would also fund the drilling of another well in 2012.
Gazprom, through its Wingas subsidiary, gave Angus a 51% stake in the field last year and contributed £2.5m towards the cost of reconnecting the project to the National Gas Grid. The shares rose 0.1p, or 11.8%, to just under 1p.
Plus photo of GL.

PS: Angus holds 65% of Brockham, so the financial implications of this impairment for Alba's 5% are strictly limited.

If they are all gone, then I think they are free to come back with more.

But I doubt they've all gone today, the RNS only coming through after about 90m shares had already been traded, (as I understand it, they can't sell any until the company has been informed of their intention to sell).

Up until today, therefore, it is the lack of volume which has been the limiting factor.

They are limited to 20% of volume in a calendar month.

volume of 157.7m per advfn.

The volume weighted average price will begin to rise with the share price, which will begin to reduce the number of shares to be issued for each conversion.

yes, provided volume remains at a sustained level.

No, but they normally sign off with a trade that obviously completes the sale of the converted stock.

32,133,676 shares issued, so keep your eyes open for a trade ending in xx133,676 shares.

From page 26:

National Grid Gas plc (“NG”) has committed to produce a Full
Connection Offer by 4th May 2020 to connect AEWB’s gas pipeline spur to the National
Transmission System at Theddlethorpe Gas Terminal. AEWB and NG are finalising the detailed
design for the connection.

Best wishes, Woolgie, hope (and believe) you will recover some of your losses in Angus.

Further to our announcement of 7(th) August, whilst the completion of this transaction does not require formal Oil and Gas Authority ('OGA') approval, the Company has sought a comfort letter from the OGA to the effect that it has no objection to the change of control of Magellan as a licensee; we await their formal response. (11/09/19 RNS)

Read it, wizard, but not sure what you are referring to: Magellan is 100%-owned by UKOG following the acquisition from Tellurian.