Member Info for ocelot

The company has said in the past it is hesitant to conduct buy-backs, because it doesn't want to reduce the free float to a level which is off-putting for IIs, (they need liquidity and there's about 70% of the share capital in firm hands).

Think it's a sell, because it's brought the price off a little, but the true spread looks to be very thin today. Good liquidity in the stock.

Payment date: 31/01/20

Think it's more a question of cash flow than of P/E ratios, certainly for the present.
Healthy cash flow from the Portland horizontal should free UKOG from exclusive reliance upon placings and open up the path to alternative sources of finance, at which point the market can seriously begin to integrate the development of some of UKOG's other projects and re-rate the share price.

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The date limit for the submission of questions is the 20th of each month.

For the present, just one question has been submitted, that cited in my post of 09:57.

It's the time of year when stock selections for the coming year are published.

Could Genel feature amongst the oil stocks selected?

2020 does promise to be a pretty full year for the company's operations and its balance sheet is very solid.

Just provides an update re their various savings and incentive schemes for the company's employees.

What is the maximum recoverable gas which you are estimating for the Saltfleetby Field and what value is it likely to have for shareholders. What are the running costs to extract that gas?

http://www.angusenergy.co.uk/media/investor-questions/

Interesting article, Hawkey - it is SO complicated with so many major interests involved, it's no wonder nothing ever seems to be definitively concluded!

extract from Market Round-UP:

"Shares in Hunting dived after it warned about a US shale slowdown. The firm, which builds wells for explorers, said annual profit was under threat from a sharpening drop in the US onshore oil and gas market. It added that spending by customers is likely to fall in 2020.

Analysts pointed out the once-booming US shale industry is slowing as production disappoints at wells and sites run out earlier than expected".

Ja51,

One of the reasons for my "rampathon" on this BB is that you, wealdpwr and YL will keep addressing posts for my attention.

I will try to ignore your posts in the future - but make no promises:-)

Sounds about right, wealdpwr, although I certainly can't be bothered check either.

I originally bought in during the Spring, ahead of Brockham and got caught out by that RNS of 28/06 (I have said this before, but no harm done in repeating it).

Make no such claim, YL - as I've already said, I am underwater, but not deeply so, and am comfortable with my position.

YL,

On the day of the Brockham RNS the share closed at 1.45p (having touched 1.25p, if I remember right).

wealdpwr,

Your arithmetic is no better than Ja 51's!

I've been posting "a lot" since the Brockham RNS: the share closed at 3.55p the day before.

YL,

Underwater, yes, but not deeply so - quite comfortable with my position, but I thank you for your expression of concern.

Thank you, Crocqman.

I couldn't be bothered respond myself!

YL,

A little bit of modesty never does any harm!

As far as I am aware, you haven't always got ANGS right yourself.

Don't know much about him, but he comes across to me as a conspiracy theorist.