Member Info for ocelot

Paul Forrest and Richard Glass are on the board of Corpus Resources (COR):

https://corpusresources.com/about/#leadership

Thank you for the link, Tonto-ai.

"A "Non Board" COO???

That's a new one for me........

He's in charge but the organ grinders won't give him a vote".

COO NOT CEO, Mirasol.

The proposed Board appointments should ensure that it is representative of all the major shareholders.

"Resculpting" the debt has been replaced by "restructuring" the debt: it looks as if Trafigura is exerting more pressure.

7th biggest % riser, 5th biggest volume.

Whispers that Angus Energy is closing in on a game-changing deal—massive U.S. oil & gas asset, already gushing black gold. Could be the start of something very big…

They are careful to raise small amounts while the share price is low: for myself, £600k looks to be too much with the share where it is at the present and with the prospect of the share price rising on the back of CRMA Strategic Project funding news from GROC.

27/01: Deep.KBB GmbH's preliminary project design for South Dorset > the company's "strategic decision that it will pursue revenue support only for its more competitive South Dorset and East Yorkshire projects and will no longer pursue the Portland project"

11/03: 2 MOUs with Portland Port.

"If delivered as envisaged, these synergistic developments would constitute one of only three national scale hubs² of the future UK hydrogen system which offer the combination of: material scale onshore underground storage, material scale green hydrogen production and connection via trunk pipeline to the wider UK ...

UKEn believes that the addition of a potential material source of green hydrogen allied to its storage, plus the ability to store excess renewable wind power in its South Dorset storage site will strengthen its case for the award of government revenue support (see RNS of 28 January 2025) ..."

Centrica have stated they are looking for a cap and floor framework.

Mirasol,

I am hoping the government will deal with Centrica.

In order to do so, they will need to determine the regulatory support model which should open the gates to industry funding from other sources, too.

We await the publication of the annual accounts for 23/24 which the company expects to publish before the end of this month (see the RNS of 30/06).

TH2,

As Centrica makes clear, substantial funds are waiting on the sidelines for the government to determine the regulatory support 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 ...

Government should set a clear and tangible hydrogen storage target of 10TWh by 2030, which will help capitalise on its production target of 10GW. To drive forwards this ambition, Government should also expand the hydrogen storage business model to existing natural gas storage facilities.

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.

Government can unlock the potential of hydrogen by ensuring hydrogen storage and hydrogen to power are just as important as hydrogen production. The UK’s hydrogen economy should aim for 10GW of hydrogen production, 10TWh of hydrogen storage and 10GW of hydrogen to power capacity".

... Centrica signed a landmark £20 billion deal with Norway’s Equinor to supply 5 bcm of natural gas annually to the UK through 2035. The agreement bolsters UK energy security, as imports met nearly two-thirds of UK demand in 2024, with Norway providing over half. The deal includes a mechanism for eventual hydrogen substitution, supporting UK decarbonization. Centrica CEO Chris O’Shea called it an investment in the UK’s future. Equinor, despite shelving blue hydrogen plans in Norway, remains committed to hydrogen projects across Europe, including the UK.

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

Https://www.energyconnects.com/news/utilities/2025/july/fossil-fuels-set-to-fill-europe-s-power-gap-as-wind-plunges/

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

Reported after an hour's delay, explains why the share price shows a rise of 0.001p.

"Additionally, the Company continues discussions with several energy infrastructure investors regarding joint venture participation in the Company's South Dorset and Yorkshire projects owned by its wholly owned subsidiary UK Energy Storage ("UKEn"). We look forward to providing further updates in due course". (the last placing RNS, of 21/02)

The company's position of 1 week ago today re the RTO:

"... we believe the RTO under consideration, along with other M&A opportunities currently under consideration, could significantly strengthen and expand our operational footprint by increasing reserves production and cashflow, and create a path toward growth and renewed shareholder value. At present, discussions pertaining to the RTO are at an early stage. The Company has signed a non-binding agreement which is subject to completion of due diligence, financing and other material considerations and there is no certainty that it will be completed". (Chairman's statement, Interim Results RNS of 30/06)