Member Info for ocelot

UKOG's share price continues to reflect the disappointment of Broadford Bridge.

The arrival of the rig will help turn heads towards the future and the prospect of healthy cash generation and less reliance on placings.

Best wishes to all invested (or thinking of investing) in UKOG.

and a 5m trade at 1.25p

About 6m buys across 4 trades - that's better!

Misubishi Corp. said a rogue oil trader at its Singapore unit has lost the company $320 million in unsanctioned derivatives deals.

In defence of Trump, he is not a warmonger, his natural instinct is to talk and negotiate.

But he's the one who pulled out of Obama's deal with the Iranians unilaterally, so it is understandable the Iranians do not want to negotiate anything with him.

This is where the principal European powers have a role to play, except that the UK is absorbed by its own problems and Merkel is in decline, so that leaves everything to Macron.

hasiba,

Agree with you about the prospects for the oil price.

Not so sure I agree with you about Iranian "demands" - Trump would dearly like them to demand something, but they have no confidence in him.

From the Reuters article in my 17:13 post:

“A lot of October arrival barrels were already on the water so the hole is going to show up towards late October,” one senior European oil trader said. “There has been a mad scramble on the paper markets but the physical scramble will come later.”

... “Engineering experts claim the damage alone should have taken weeks to assess, especially with workers only allowed back in the Abqaiq complex for the first time (on Tuesday),” consultancy Energy Aspects wrote in a note.

“It is likely that the full extent of the damage will only emerge in the coming weeks,” it said.

Gary Ross, founder of Black Gold Investors and a veteran oil industry expert, said it was difficult not to believe that Riyadh was being “overly optimistic” in its timeline, given Saudi moves to defer cargoes and cut crude runs at its oil facilities. “Tightness is coming,” he said.

https://uk.reuters.com/article/us-saudi-aramco-attacks-supply/real-crunch-from-saudi-arabias-oil-outage-has-yet-to-be-felt-idUKKBN1W41GL

Tehran, Iran (CNN)Iran's foreign minister has raised the specter of "all-out war" in the event of US or Saudi military strikes and that Saudi Arabia would have to fight "to the last American soldier."...

Don't get it.

HHDL IS UKOG + Alba + Dorienmus (4%).

The "danger" is that when the price does shift upwards, it does so quite sharply, and a lot of us will be left kicking ourselves for not having bought more at these levels!

Best wishes, Yanis.

Would be nice to see the price shift up a bracket, from 1.00-1.50p to 1.50-2.00p.

The application re Balcombe can't be very far away now.

http://www.angusenergy.co.uk/

Significant shareholders, from the website:

Knowe Properties Limited 8.41%
JDA Consulting Limited 5.45%
Jonathan Tidswell-Pretorius 4.25%
Rupert Labrum 3.08%
The above information was accurate as at 11 September 2019.

Both ends of the spread! 5m dealt at 1.20, 10k at 1.25p.

It is planned to commission a new Competent Persons Report to establish the Company's net Reserves following completion of HH-2z production testing in the Autumn. (RNS of 11/09).

just 109k shares traded so far.

It's all the negativity that constitutes a positive sign!

Means ANGS presents buyers with a cheap buying opportunity.

Having pulled out the net cash flow projections for Saltfleetby (see my post of 19:39 below), I think the upside potential offered by ANGS may be higher than I have been assuming - now believe a return to double figures may well be achievable.