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Cheers Mr Zebra.
I think by 'serious' poster, you meant 'serial' :) But I'll take it!
I was pleased to find myself in the same share as you once again.
Thus far, Angus is much, much easier to chart than our other shared interest!
ATB
Pdub:
Get a grip of yourself and read my posts properly!
Just when did I say I was an "experienced trader"?!! I didn't! I am an investor, not a day trader and I have historically and generally invest long term over many years in companies similar to Angus Energy and I top-slice/take profits OR sell out as I see fit.
Furthermore, I would like to categorically state that I am NOT a derapmer either nor do I encourage anyone to sell their shares in Angus Energy. My decision to sell out on my investment in Angus Energy yesterday was a personal decison based purely on Angus Energy's last RNS, YA Funding, Further Dilution and lack of Managerial Skills, Professionalism...and Clarity.
Have you guys noticed that every last operational RNS from Angus Energy comes across almost secretive, lack of detail and very badly written! Why? Because the BOD of Angus Energy had no fecking good news to tell shareholders except probable & possible trumped up production number.s..from 2017 to date! On the other hand, every last placement & fundraiser RNS comes across VERY clear, professional and very well written!
Says it all really.
I dont normally post this frequently as my posting history confirms, however there are multiple shit-stirers on this forum who simply do not know how to read, converse or respect fellow investors...and that is very immature and rather disappointing of adult behaviour.
Regards,
Gpmh1
So several days earlier you could have sold at a much higher price. I rest my case.
If you wish to present yourself as the experienced trader that's fine.nwe all need our ego's stroked occasionally. But please ....
Pdub,
I'm glad you asked that question. The majority of my Angus Energy share purchases over the last 2 years were under 6p. I sold several batches of shares between 20 & 33p in 2017, making some decent gains. I repurchased several more batches of shares between 5 &10p in 2018...and sold out yesterday in several tranches between 9p and 9.6p.
All in all, I bagged some profits on my investments and that's all that really matters in this game.
Regards,
Gpmh1
So
gpmh - I'm not disputing any of that. I picked up on your posts where you questioned specifically oilfield procedures and how the timeline was being implemented at Brockam. Operations where you have no previous experience.
I think its only fair to state this as your posts operations wise are based on no facts, purely a gut feeling. Thats why I clarified purely comments aimed at operations for your benefit and other posters.
Gpmh1 forgive this question but aren't experienced traders like yourself supposed to sell high, buy low?
If you sold yesterday surely it would have been better to have sold the day before when sp recovered to around 10p, rather than selling at what appears to be near the bottom.
I thought most try to sell high and buy low.
Anyway good luck with your investments.
Alan,
Whether or not you are Well Testing Specialist, An Oil Field Expert, A Business Person, A Carpenter, A Road Sweeper, a Homemaker.or whatever, it doesn't take a genius to work out that BOTH Vonk & Tidswell have fcked up several times since early 2017 at the absolute expense (bad press, dilution & depressed sp) of shareholders...you and I included!
Further, I have been researching and investing in listed UK & Irish owned Oil & Gas companies (and mining co's) for the past 35 years...and I made some decent rewards for my investing knowledge and efforts, However, I have also lost money on several FTSE & AIM shares with World Class Assets simply because Bad or Crooked Management ...and that doesn't sit well with me whatsoever.
My decision to sell out on Angus Energy yesterday after 2 years was a decison based on Angus Energy's last RNS....not the individual assets! However, that decision can be quickly reversed at the touch of a button if I feel less anxious and more comfortable with my cash invested in Angus. Until then...I'll be watching with much interest.
Cheers,
Gpmh1
gpmh - I fully support your decision to sell your shares. That’s entirely your prerogative. But getting a “Civic Award Recipient for Business in Ireland at the age of 25 years” doesn’t make you a Well Testing Specialist. Investing in stocks is completely different to actually doing the job.
I note you have zero oilfield experience, so I’ll explain what is going on.
Opening a well is not like opening a bottle of Champagne. You just can’t enjoy it straight away. My previous post stated that PIs required patience as getting a well to flow is like performing surgery. Brockham is different to HH in many ways, but one of the important factors for flowing a well is the geometry or well profile. HH is vertical whereas Brockham is deviated. This means Brockham will take longer to clean up. You speak about HH “ONLY needed a little swabbing”. you do realise that’s harmful to the reservoirs longevity? Nothing likes to be shocked.
When Vonk spoke about Balcombe and Brockham he was specifically talking about the 7 day test at Balcombe versus a 12-18 month EWT test at Brockham, not which Field has more potential. That’s obviously Balcombe as it is in the sweet spot, it’s Kimmeridge is 25% think than at HH, flowed up to 3,000bopd during the 7 day test on the 1,600ft of exposed liner in Upper Kimmeridge (KL4) and the Kimmeridge is more mature than the rest of the Weald.
Angus commenced bringing Brockham out of suspension only on Monday 7th January, so talking about pre Christmas for trying to flow the well is completely wrong.
You’re comparing UKOG virgin Portland formation to Angus Portland which has produced for decades. I always found it ironic UKOG holders screaming from the roof tops saying there is oil in the Portland, yet 5 miles down the road Angus had been producing from it for decades.
I won’t bother to talk about the UKOG investment, as it will just attract UKOG trolls. All I say is would you rather buy a house off plan or a house you can move straight into with no delays?
And lastly I agree with your view regarding the management civil war needing to be resolved and oil flowing into tanks. The the current experienced turbulence will make way for blue sunny skies when this is resolved. Well that’s the plan lol.
Gpmh1
I’m a fundamentals guy, so tend to see boardroom scuffles as buying opportunities. Most of the time, they blow over and investor confidence is restored. This to me looks like a typical storm in a teacup.
You’re right in that most people lose on AIM. It’s usually because they do what the heard does - and in this case I think it is selling on a low when it is a buying opportunity.
That said, a profit is a profit so we’ll done and good luck to you.
Also, take it easy on allthatglitters... he’s a serious poster, and a valuable chartist and I (usually) value his opinion. = P
-"Fact remains, you dont need several weeks (including xmas break) and 3 trucks of Nitrogen to make a Star Wars Well flow oil...when the mishap unexpected lucky dip Horse Hill Well ONLY needed a little swabbing!......DYOR on HH...and how and why it flowed oil! In fact, go on youtube and listen to David Lenigas talking about HH...and how it simply needed swabbing to flow oil."-
This is from an Oct. 2017 Proactive interview with David Lenigas:
"I remember when Horse Hill...when we drilled that and tried to open it up...I mean it was a real bi*tch to get going, ...but when it got going, it started getting going"
https://www.youtube.com/watch?v=PVL8GpZMFg8
I suspect something similar may be happening at Brockham, ...and perhaps just a little more patience is required.
just my opinion
Onebejond,
I was a Civic Award Recipient for Business in Ireland at the age of 25 years. I have invested in dozens of AIM UK & Irish listed Oil & Gas companies for the past 35 years, so believe it or believe it not, I knew exactly what I was doing today when I decided to cash in my chips on Angus Energy....at a small profit I may add. I am also heavily into Blockchain Technology and a founding investor of both EOS & TELOS...so you could say I have a VERY big stomach for RISK! ;)))
After 2 years of believing in Angus Energy and giving Vonk & Tidswell my FULL support as a shareholder here on this forum (look back on my post history), I simply no longer have confidence or trust in the management at Angus Energy after the last RNS. Once the management issues are sorted out and I am satisfied that Angus Energy have a certain level of oil production....I may reconsider.
Anyways, good luck with your investment in Angus and I sincerely hope Brockham flows and lives up to everyon'e expectations on this forum.
Regards,
Gpmh1
gkb47,
Precisely, then why post such unconfirmed misinformation?
David Lenigas
?@DavidLenigas
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Replying to @eltorroGonsalez @WessexVoice @WealdOilers
It was difficult indeed.
Can't see the tweet, what did it say?
https://twitter.com/DavidLenigas/status/1083774371280420865
But obviously Gpmh1 knows better than Lenigas.
Gpmh1
You’re right, it’s wholly conceivable: HH is on a fault. No other oil in the weald basin. Oil doesn’t flow through clay blah blah...
Of course, Balcombe seems to disprove all three of those rationales in one go. So now you are betting on something being wrong with Brockham. There might be... but it’s much more likely that you just don’t have the stomach to see it through - and have just committed the cardinal sin in investing (and sold out at the lowest possible ebb in a panic, and bought into a company that’s much less likely to rise over the coming weeks). That being the case, you never should have invested in a small-cap oiler at the exploration stage, and probably should stay away from AIM full stop. It’s right here where you make money (or lose it), and if you can’t stomach the risk, it’s still a decent time to invest in FTSE 100s after a 20% (now 10%) drop since September.
Except of course that I gave you a clear example that it took UKOG 3 weeks to stimulate a much shallower well.
At least I'm invested here. You claim to have sold out but here you are, deramping away with the market shut.
Lame.
DHC,
re your earlier comment "given David Lenigas's tweet about voting PV out, which was (way) do you think the Doriemus shares will be voting"?
Please do tell, how many shares do Doriemus hold in Angus Energy PLC?
You're cherry picking to suit your agenda there. Firstly, you are comparing a shallow well vs a deep well. Then you're comparing a short UKOG flow test vs a LONG ANGUS flow test.
Apples and oranges and ultimately pointless.
UKOG will continue to drop and then you'll buy Angus back higher.
Allthatglitters:
You make me laugh!! :))))
Do some proper research kid...
16 Feb 2016 7:00 am
RNS
Factsheet UK Oil & Gas Inv PLC (UKOG) Update on Flow Test
https://www.investegate.co.uk/uk-oil---38--gas-inv-plc--ukog-/rns/update-on-flow-test/201602160700071444P/
08 Feb 2016 7:00 am
RNS
Factsheet UK Oil & Gas Inv PLC (UKOG) Horse Hill-1 Flow Test Operations Commence
https://www.investegate.co.uk/uk-oil---38--gas-inv-plc--ukog-/rns/horse-hill-1-flow-test-operations-commence/201602080700082894O/
Have a look at UKOG’s 3 month share graph and tell me that’s a good investment lol. They’ve diluted the share down so much, that most of the investors their have no idea who’s hands the shares are in. Hence the reason after one short closes, another one opens and down and down the price goes, with all the investors scratching there heads with confusion. Yes someone’s making a load of money out of UKOG, but it sure isn’t the private investors.
UK Oil & Gas Inv PLC (UKOG)
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Wednesday 27 June, 2018
UK Oil & Gas Inv PLC
Production Flow Test Operations Commence
RNS Number : 6830S
UK Oil & Gas Investments PLC
27 June 2018
UK Oil & Gas Investments PLC
("UKOG" or the "Company")
Production Flow Test Operations Commence
Horse Hill-1 Kimmeridge Limestone and Portland Oil Discovery, PEDL137, Weald Basin, UK
UK Oil & Gas Inv PLC
Portland Extended Flow Test ("EWT")
RNS Number : 0573V
UK Oil & Gas Investments PLC
18 July 2018
UK Oil & Gas Investments PLC
("UKOG" or the "Company")
Portland Extended Flow Test ("EWT"): Well Clean-Up Phase Complete, Dry Oil Flows to Surface,
That's THREE WEEKS to get it producing. A little more than 'simply needed swabbing'
That's because it was at the edge of the reservoir, at least if you're going to deramp donitnproperly please. Blocked!
Onebeyond:
How many punters on the AIM make money? Very few! Why? The AIM is as crooked as fck and also punters get attached to certain shares and they also get greedy! My decision to sell out on Angus Energy is simply to protect my hard earned cash...nothing more! If I lose out on a spike in Angus, so what! At least I am protected from Angus sp falling through the floor if Brockham doesn't flow as expected...or at all. You also got to ask yourself, why is the Portland flowing very good numbers at HH...while 5 miles away Angus had ALWAYS difficulty flowing the Portland at Brockham!! Think about it!
Allthatglitters:
DYOR on HH...and how and why it flowed oil! In fact, go on youtube and listen to David Lenigas talking about HH...and how it simply needed swabbing to flow oil.
Horse Hill took weeks and weeks to get flowing.
You're a liar.
Byw