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Thanks Mirasol
01-Apr-24 0.1925
02-Apr-24 0.1929
03-Apr-24 0.1910
04-Apr-24 0.1928
05-Apr-24 0.2034
06-Apr-24 0.2018
07-Apr-24 0.1934
08-Apr-24 0.1774
09-Apr-24 0.1701
10-Apr-24 0.1960
11-Apr-24 0.2021
12-Apr-24 0.2036
13-Apr-24 0.1993
14-Apr-24 0.1983
15-Apr-24 0.1899
16-Apr-24 0.1832
17-Apr-24 0.1869
18-Apr-24 0.2006
19-Apr-24 0.1975
It is commonly known as convenient, selective memory !!
Your almost right Sureylad, it was during the drill I said 4.5p, UNTIL they went on to swamp it with placing shares and payday debt, and fall short by only getting the horizontal well to about 35% of the planned length. THUS why I sold at 1.6p and stated exactly why !!!
Anyway, it is what it is, maybe 1p one day if they can reign it in and do something that actually does not get undermined and delivers retail upside.... Still monitoring for that possible event but not holding my breath.
Acknowledgements to Bloomberg.
Last week's Saltfleetby output figures anyone ?
5 yrs ? …… I’ll wait…… P2/BP said 4.5p a year ago ….
Brightest future for us is CCS once we've emptied our field.
Long way off.
Why exactly do you think Balcombe is going to be a good thing Barney? It’s just another expensive they can’t afford at present. The first part of the 2 stage testing program is 100% at Angus expense (at least 750k) and in the unlikely event that the fairly tale Kimmeridge play actually delivers (see mr Herbert’s less than optimistic comments regarding Balcombe) They move onto stage 2. In all likelihood this will also be at Angus expense at a cost of £3 million for site upgrades. See the planning permission documentation for details on cost, as the deal that Cuadrilla states they need to prove commercial quantities of oil before Quadrilla start paying their 75%.
And I hope you do realise that this is just the testing phase and the NSTA will place limits on production as they did at Brockham! It will actually cost money for the duration of the test not make them any money. Then if it was to prove successful they have to go back and start the whole planning process again and apply for a production license from the county council. No hope of them approving that as they voted unanimously to reject the test phase. 5 years away at least before Balcombe could show any sign of making money…..and that scenario is a very faint possibility.
Boom :) just need Balcombe to land anytime in the next few days and it will pop up i hope! Just need it to stay up lol
L2 5v1 now Barney. Only take a couple more buys to see bid and offer tick up.
Love these messages One to many! :)
Looking very strong
Now now HITS, it is written in the tea leaves
Yeah yeah,, good Cinder's, I won't lose any sleep about you putting blinkers on your own screen
All the best though !! not difficult to rise above it, is it !!
Hans Christian "1.5p minimum by end of March 2024" Andersen is back, I see.
Ocelot I think £100m valuation is a fair starting point and the board are confident it will reach there and beyond. Just needs patience now, it’s a rock solid investment.
Oofy
My comparison was very much tongue in cheek, as I assume your last paragraph is?
After all the recently departed chairman wasn’t in any way involved when as head of NMC audit committee the poo hit the fan was he? And the other recently departed “Lord Melton Mowbray*” didn’t come from 20 years in finance before joining Angus with zero oil and gas experience? And the founder of the company Johnathon Tidswell Pretorias who bought Lord Lucan* didn’t also have to resign after his share dealing scandal with the Polish 21 year old from America2030? Isn’t mr Zielicki an expert in such matters also? Not to worry I’m sure mr Forrest will keep an eye on them….hold on a minute, wasn’t handed Saltfleetby Energy on a plate and given £12.8 million, despite being a one man entity with just £80 odd grand in the bank?… and isn’t he an accountant?…….no your right no hedge contracts here either….they aren’t keen on sharing details of the new ones are they? And the issued a completely bogus RNS regarding a payment on the last lot. Yes by insiders I’m guessing you are referring to Aleph (who are paid as advisors and a director is allowed to sit in on meetings) haven’t they made a fortune from arranging all those deals?….apart from the original £12 million one that GL assured in an interview they didn’t need despite having been in talks “with a well known bank” months earlier…..that cost them £300k as they were taken to court over unpaid fees as I recall.
Yes they do things differently in the US, but isn’t that where Alephs ultimate holder originates?
WG818: that’s an interesting comparison. I remember the collapse of Enron. A CNN report commented later that:
“An independent review published in 2002 detailed how executives pocketed millions of dollars from complex, off-the-books partnerships while reporting inflated profits to shareholders”.
They did this partly though very dodgy hedge contracts and other deals, which allowed them to inflate their profits for a number of years, until it all became unsupportable. Fortunately, it really would be fanciful to suggest that there are any parallels with Angus. For one thing, the financial advice enabling something like this to develop would not be available to Angus. They’d have to have insiders who really understood corporate finance and accounting. In any case, that was the US. They do things differently there.
I’m guessing Enron, Oofy.
Octane: debt of £20mm., a depleted asset which gets more depleted every month without millions more invested in it, royalties, hedge contracts and offtake agreements the terms of which have not been revealed, apparent concert parties with 42% of the equity. Zero chance of a dividend. Further share issues to come just to keep existing assets going. Auditors’ reservations over going concern status. Massive share and warrant overhangs at above current prices. Have I missed anything? Are we comparing like with like? Which US companies is Mr. Zielicki comparing Angus with?
1.16 vs 5 in the USA partially reflects the immense difficulties all energy extraction faces today in the UK from excessive regulations. After all, the genius PM May signed us up to net zero, an economic death sentence for most industries.
Even under Joe Biden, it is far, far easier to get an energy project up in running in a Republican run state.
That’s all right then, Ocelot, if Krzys Zielicki said so. I’d prefer to listen to Lord Lucan. Which is saying something.
That is, £19.76m (with the share at 0.45p) = 1.16 x £17.002m (22/23 EBITDA)
During the webinar, Krzys Zielicki referred to a market cap: EBITDA ratio in the US of 5x.
Cinder's
It is YOU who is crying about it, Personally makes no difference to me as I am not holding.
I suggest you grow up and stop looking at others for your reasons for being under water.
As for posting, I WILL post as and when I please, thanks.