Member Info for ocelot

Agreed, Torreaguas,

It does sound totally draconian that the OGA should require projected abandonment costs to be reserved in full right at the start of, in the optimistic scenario, 12 years of operations.

That is no way to encourage work onshore in the UK.

Re 1):

The notes of the Balcombe CLG meeting of 28/08 included this:

11 ... The Lincolnshire gas field represents very good cash flow so they will not need to fund
raise.

Don't doubt the "very good cash flow" of the Saltfleetby projet, but surprised "they will not need to fund raise".

YL,

The question is: how will the OGA require the cash reserving to be done?

1/ In full, at the beginning of years of operations;

2/ progressively, out of cash flow;

3/ a combination of 1/ and 2/.

"Cowed Saudis quake as US tiger refuses to roar" is the title of the article on p 19 of the Sunday Times.
One is so accustomed to criticisms of the US for their interventionism.
But, of course, the absence of US interventionism sets in motion a new series of problems!

Joint highest close in more than 6 months, since 14/03 (1.30p).

The FTSE 250 consists of mid-caps.

Market caps currently range in size from £283m to £5.4bn, with a mid-point at about £2.6bn.

UKOG still has some way to go!

Good to have figures to rival those of seadoc!

Was estimated at about $21 per barrel in a presentation of UKOG's some time ago.

Agreed.

He's calculated revenue after transport costs.

Hasiba 212
Withoutt 220
Hawkey 222
ocelot 230

Hawkey 222
ocelot 230

Slight correction: it closed at today's price of 201.00p on 22/05.

Highest close since 21/05 (204.00p), 4 months ago.

I regret to say I didn't win!

Closing price of 201p (above 200p) makes Klassic the winner - well done, Sir!

after a slow start, momentum has built up.

volume now 600k shares traded (for a good part of this morning, it couldn't break 100k).

UKOG just shifted up for a rise of 6.2%

2.7m volume on LSE, but more than double that when NEX taken into account.

.