Member Info for ocelot

Reminder that the capital payback period is 4 years from the start of production, according to the Preliminary Feasibility Study, and that the start of production is forecast for 2029, according to the company's June 25 presentation.

... EU gas storage has surpassed 65% capacity, moving toward its 80% target by November 1. However, the UK faces challenges, as its storage capacity remains limited. Centrica may produce gas from the Rough facility this winter instead of storing it, citing unsustainable losses. Rough, which holds half of the UK's storage, remains empty and may shut after 2025 without government aid. The UK currently has just 12 days of winter gas demand in storage, far less than EU countries. A £2 billion upgrade is under discussion, but weak market conditions and falling North Sea output are adding pressure. As a result, the UK remains heavily reliant on gas imports from Norway, the continental shelf, and global LNG suppliers.

https://tradingeconomics.com/commodity/uk-natural-gas

The Daily Telegraph: China is restricting the export of critical minerals to the US as it seeks to maintain pressure on the White House ahead of trade talks this week.

1/ Continuing meetings with the EU re support for both projects.

Potential:

2/ increase in graphite reserves;

3/ for critical materials other than graphite;

4/ increase in the range of uses (flexible graphite).

All of this is bullish.

We can all speculate and hypothesise as much as we like but, in the absence of any detailed information concerning the potential RTO, none of us can know what we are talking about - which is why the stock is suspended, of course.

"Problem is Ocelot is that you're repeating the COMPANY view ..."

Mirasol,

Simply pointing out that it is all very well to focus on Saltfleetby production but that the stock is engaged in a potential RTO which, if completed, will bring in new sources of production.

Completion of this transformational transaction would represent a major strategic development for Angus Energy, with a significant increase in reserves, production and positive cash flow. The transaction diversifies Angus away from the challenging UK energy sector into assets in a highly supportive oil and gas jurisdiction, with stable and reliable production and low decline. (RNS of 19/05)

Reported today but dated 25/07, Friday.

(Kitco News) - Billionaire investor Ray Dalio continues to sound the alarm over the health of the global economy, citing unsustainable government deficit spending. He is advising investors to allocate around 15% of their portfolios to alternative currencies such as gold or Bitcoin.

The founder of Bridgewater Associates shared his dire economic outlook during an appearance on CNBC’s Master Investor Podcast on Sunday. Focusing on the U.S., he pointed out that while the government collects approximately $5 trillion in income, it spends $7 trillion ...

Dalio pointed out that gold has already become the world’s second-largest reserve currency, surpassing the euro earlier this year ...

https://www.kitco.com/news/article/2025-07-28/billionaire-investor-ray-dalio-urges-15-allocation-gold-or-bitcoin-says?utm_source=site_navigation&utm_medium=sidebar_link&utm_campaign=latest_news&utm_term=gold_ab_sidebar_news

Roadhouse,

The suspension was forced by the leak that morning, the timing was not under management's control.

There is nothing for it but to wait and see whether the transaction goes through or not.

Many thanks for your input.

"It's suspended becaise they could,n't raise enough cash to pay their debts when they came due".

Nope, the market had already been informed of the delay in repaying the first capital amount of the loan in the RNS of 07/05.

The suspension of 19/05 immediately followed the leak earlier that morning re the US deal.

Last Monday, 21/07, the Production Operations and Finance Update RNS was released.

Should this "transformationAL transaction " be completed.

There is a reason the stock is suspended, it is involved in a potential RTO.

Projections based upon Saltfleetby are all that can be produced at the present time but will be telling only part of the story should this "transformation transaction " be completed.

I guess the annual report RNS can come out at any time of the day, once the auditors have signed it off.

The resumption of trading is likely to be at the beginning of the immediately following trading day.

We have successfully completed the first blast in the next phase of our blasting programme at the Clogau Gold Mine. The purpose of this single blast was to clear out a section at the Llechfraith Target on Level 5 which had not been fully cleared out in the last phase. That section has now been removed in full, meaning that the next phase of drilling and blasting can commence from a clean face ...

Look out for further updates on the next sequence of drilling and blasting in the coming days.

"BTW, taking a year to P&A a Well and restore the site is complete BS"

ZYX098,

The information came from Google's AI tool (which may not be infallible but does provide a starting point).

Centrica won't be investing £2bn in Rough until the government determines the regulatory and revenue model.

"To deliver more gas storage, the UK urgently requires a regulatory model. By extending the cap and floor regulatory framework that has successfully enabled private investment in the UK energy interconnectors, Government can encourage investment in storage ...

We stand ready to invest £2bn repurposing Rough for hydrogen. A cap and floor regulatory support model would ensure operators use sites efficiently and consumers feel the greatest benefits".

https://www.centrica.com/media-centre/secure-sustainable-affordable/secure/

It looks as if absolutely everything points to the need for long-term energy storage!

CF = Finance Director on the most recent RNS, that of 21/07.