Member Info for ocelot

DhC,

That 4p figure was a very broad brush one and, as GL said himself, made no attempt to discount forecast cash flows, but, agreed, it does provide an indication as to Saltfleetby's potential value to ANGS.

Bid's raised to 1.45p.

US has to be careful, Iran will be expecting them!

900k at 1.50p - lack of stock to sell?

PS: at the current price of 1.30p, it's as if the Brockham licence represented 63.4% of the company's gross assets.

Could just be cheap buying.

"... the carrying cost of the Brockham licence, currently representing 26% of the Company's gross asset value as at 31(st) March 2019...".

The share price at the close of the day before the RNS of 28/06 was 3.55p.

26% of that price was 0.92p, the remaining 74% being 2.63p.

Saudi Aramco officials are growing less optimistic that there will be a rapid recovery in oil production after the attack on the giant Abqaiq processing plant, a person with knowledge of the matter said...

https://www.bloomberg.com/news/articles/2019-09-16/aramco-said-to-be-less-optimistic-on-pace-of-oil-output-recovery?srnd=premium-europe

Should an II/IIs wish to buy into UKOG, the sale of good lines of stock by Riverfort/YA provide an ideal opportunity.

Mentioned it before, but it could give rise to a virtuous circle, ie.,

positive news from HH > rise in share price > reduced number of new shares to be issued for conversion of loan > rise in share price.

UKOG's chosen the right time to do it, the news backdrop should provide support from now onwards.

Yes, cossy, that is with reference to today's RNS.

-- The Loan also includes a provision which ..., with full disclosure to UKOG, restricts the Investors' trades, on any given day, to no more than 15% of the number of UKOG shares traded that day.

So need about 4 days of 100m volume to clear.

The interest rate on their loan is 0% - they not a charity!

From the current Q&A on Genel's website:

CAN YOU PLEASE PROVIDE SOME SENSITIVITIES OF YOUR FREE CASH FLOW AT DIFFERENT LEVELS OF OIL PRICE?

“To start with, due to our low-cost production it is worth noting that we breakeven at a Brent oil price of $17/bbl. Going forward in 2019, for every increase in the Brent oil price of $10/bbl, we would expect to add c.$2.5 million in free cash flow on a monthly basis.”

aka structured finance provider

Brent at $67.66 per oilprice.com

"Oil jumps the most ever after attack cuts Saudi supplies" is the headline on Bloomberg at the moment.

"Oil jumps the most ever after attack cuts Saudi supplies" is the headline on Bloomberg at the moment.

In fairness to Qwerty, he said he had bought in around the 1.30p level (from memory).

And from the BBC's coverage:

... On Sunday, Iraq's Prime Minister Adil Abdul-Mahdi denied "what is circulated on social media networks that its territory was used to attack Saudi oil facilities with drones".

The Washington Post newspaper said the US government believed that 15 buildings at Abqaiq had been damaged on the west-northwest sides, not the southern sides facing Yemen...