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London South East Natural Resources Briefing webcast: #Emmerson #Alba #Condor Gold #Gold analysis
Angus Energy in talks to buy 'transformational' gas asset in North England


Angus Energy Share Chat (ANGS)



Share Price: 3.75Bid: 3.70Ask: 3.80Change: 0.025 (+0.67%)Riser - Angus Energy
Spread: 0.10Spread as %: 2.70%Open: 3.675High: 3.75Low: 3.65Yesterday’s Close: 3.725


Share Discussion for Angus Energy




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Ja51
Posts: 667
Opinion:No Opinion
Price:5.80
RE: lidsey
23 Apr '19
If your still there scally

What is interesting id the water produced total! Where are they putting it now the Brockham injector well is off limits?

Field Production Data, PPRS (WGS84): LIDSEY
Field region
Reporting unit name LIDSEY
Reporting Unit Type Code T
Reporting Unit Type Description Onshore Oil Field
Operator Organisation Group ANGUS ENERGY LIMITED
Onshore,Offshore Flag Onshore
Reporting Period in yyyymm format 201812
Reporting Period Month 12
Reporting Period Month Name December
Reporting Period Year 2018
Oil Production Mass (tonnes) 0.00
Oil Production Volume (m3) 0.00
Oil Production volume (mb/d) 0.00
Oil production density (Kg/m3) 0.00
Dry gas production mass (tonnes)
Dry gas production volume (ksm3)
Dry Gas Production volume (MMscf/d)
Dry Gas Production Density (kg/sm3)
Associated gas production mass (tonnes) 0.00
Associated Gas Production Volume (MMscf/d) 0.00
Associated Gas Production Volume (ksm3) 0.00
Associated Gas Production density (kg/sm3) 0.00
Gas Condensate mass (kg)
Gas condensate volume (ksm3)
Gas condensate volume (mb/d)
Gas condensate density (kg/sm3)
Injected water mass (tonnes) 0.00
Injected water volume (m3) 0.00
Injected water volume (mb/d) 0.00
Water production mass (tonnes) 1.50
Water production volume (ksm3) 1.50
Water production volume (mb/d)
 
B2HS2L
Posts: 355
Opinion:No Opinion
Price:5.80
RE: lidsey
23 Apr '19
Captain - Still I guess so long as you learn from your mistakes there's only so many that you can make?

Perhaps the only mistake requiring rectification would be the assignment of the production manager post to Tidswell?

All previous mistakes have been symptoms, not the problem.

Lets wait to see if or by how much Brockham flows.

+++++++++++++

I think The BoD find the potential of the Lidsey sight attractive, the Production License, and the content of the following 25.04.2018 RNS:

"Angus Energy plc, a conventional oil and gas production and development company, is pleased to note yesterday's unanimous decision of the West Sussex County Council's ("WSCC") Planning Committee to approve Angus Energy's retention application for the Lidsey Oil Field.

This final approval allows Angus Energy to continue its current operations at Lidsey until 2028."

+++++++++++++

Investors will not find Lidsey attractive until we know what the "potential exploration lead to the west of existing Lidsey producing structure", mentioned in the 26th Feb 2019 RNS is.

Right - Tired of trying to make sense of the Lidsey investment and plans with only some of the info the board posseses.
CaptainStanley
Posts: 2,342
Opinion:No Opinion
Price:5.80
RE: lidsey
23 Apr '19
No worries. The rising oil price looks to be a longer term trend and Angus and UKOG just need to start pumping lots of it out of the ground on an on-going basis to start moving the share price north and to remove the spectre of further dilution. Once these companies are cash positive and future development is funded from oil production the real share price re-rate will happen. Bring it on. This year?
scallywag3
Posts: 1,201
Opinion:No Opinion
Price:5.80
RE: lidsey
23 Apr '19
As I said " I hadn't taken Captainstanley as a Troll "

Your comment sitting next to JA51 smoke, may have blinded me a little, given me reason for doubt. :)

atb.

reminds me. get ja51 on filter again.
Ja51
Posts: 667
Opinion:No Opinion
Price:5.80
RE: lidsey
23 Apr '19
Scally
But if you checked the black data chart below the data is actually listed on there.
You could also have a look at the what do they know website. Some interesting info regarding Balcolme on there just type Angus Energy.
scallywag3
Posts: 1,201
Opinion:No Opinion
Price:5.80
RE: lidsey
23 Apr '19
Surprised to see you pop up here JA51 as I had you filtered.
So I looked at your link anyway. did you know, Wytch farm has no data for december either.
In your haste to rubbish Angus, you didnt bother to check That the OGA hasn't completed the table.
( although they should have by now.)
CaptainStanley
Posts: 2,342
Opinion:No Opinion
Price:5.80
RE: lidsey
23 Apr '19
I'm not a troll and fully expect Angus and UKOG to do well longer term but I don't think that you can argue that their drilling record to date merits them becoming a technical partner and telling others what best drilling practice is. I just find that amusing that's all. With hindsight and a current share price of 5p do you not think if they had their time again they might have done things differently and if they had do you not think the share price might still be at several multiples of where it languishes today? That's not Trolling it's just how it is? 5p is an excellent buying in price but long term holders would probably have preferred not to have the share price fall to this level and the serial dilution along the way?
RealLawnmowerman
Posts: 241
Opinion:No Opinion
Price:5.80
RE: lidsey
23 Apr '19
Oh dear, oh Dear Ja51 is back?
Ja51
Posts: 667
Opinion:No Opinion
Price:5.90
RE: lidsey
23 Apr '19
As Lidsey didn't produce any oil in the last reportable month (Dec2018 according to the link below) i wouldn't be confident thats the target.
UKOG also believe that BB is on the very edge of the Kimmeridge play and it's way north of Lidsey.

https://data-ogauthority.opendata.arcgis.com/pages/production
CaptainStanley
Posts: 2,342
Opinion:No Opinion
Price:5.90
RE: lidsey
23 Apr '19
Kind of ironic? Angus are going to be the 'technical partner'. To date the Angus drills have been shambolic at best with the exception of Balcombe which they didn't drill. 'eft well or right?' 'ere's the down hole pump?' 'we do have a spare one of those don't we?' OOPs, water! What do we do about that?'
Still I guess so long as you learn from your mistakes there's only so many that you can make?
B2HS2L
Posts: 355
Opinion:No Opinion
Price:5.90
RE: lidsey
23 Apr '19
Re Lidsey:

Excerpt from 26 February 2019 RNS - Operations Update.

Agreement to purchase an additional interest in Lidsey Field.

George Lucan, interim Managing Director, writes:
"Today we set out our road map for 2019 including a potential long-term production test at Balcombe,
immediate remedial works at Brockham, and consolidating and improving our interests at Lidsey.
Whilst we continue to develop these assets, we are also actively looking at new opportunities in the Weald and beyond."

From this statement I think it could well have been ANGS who approached DL to purchase his Lidsey interests.
Also, the "new opportunities" statement is consistent with JT-P comments in March on the www.thelondoneconomic.com website, as follows:

“The company is set to become a technical partner on several big and exciting ventures, we will unveil those details shortly."

With Lidsey having a production license, I speculate that Lidsey could be the base for said venture, and the reason for increased ANGS interest in developing the site.
Mirasol
Posts: 153
Opinion:No Opinion
Price:5.85
RE: lidsey
22 Apr '19
On the DOR board someone reckoned DL will need around $13-15 million by August to pay for his 50% of the well they're going to drill to earn the interest. they've negotiated.... I'd have thought he had enough fans and mates to see him there fairly easily TBH
scallywag3
Posts: 1,201
Opinion:No Opinion
Price:5.85
RE: lidsey
22 Apr '19
It was said on here, (Pboo maybe ) D.L. invested £100K for his 20% He would also with that 20% contributed to the costs of drilling X2 What would that be. 20% of £1M that's 300k. then there was the shenanigans with the pump./ No it was a hole. no it was water. and then they tested the Kimmeridge. So another £100k spent.
So were at £400K plus, spent by Doriemus. All they have done is give him his cash back in shares.
It is also possible he told Angus he wasn't prepared to put up any more into Lidsey. ( How many of us would?)
So they bought him out. Not a Penny More, Not a Penny Less.
Joe666
Posts: 138
Opinion:No Opinion
Price:5.85
RE: lidsey
22 Apr '19
'Could they have been concerned about who might have purchased DL's interests if he sold to an outside party? '

Sounds plausible
B2HS2L
Posts: 355
Opinion:No Opinion
Price:5.85
RE: lidsey
22 Apr '19
I don't know how much Lenigas needs for his Australian ventures.

If he were to get a 100% profit on the 8,324,024 shares he will receive on the 24th April, he would bag £934,787, (sp = 11.23 pence)
If he hung on for 200% profit he would bag £1,402,181, (sp = 16.84 pence)

Are these numbers worth waiting for for Lenigas in terms of his Australian commitments?

+++++++

He has sold his Lidsey interests and received Angus shares in payment. - a sound business decision if you don't think Lidsey prospects amount to much.
Angus want a bigger share of Lidsey (for reasons best known to themselves).
With Lenigas so well connected at Angus, it is reasonable to assume he knows why Angus maintain this interest.
Could it be that Angus made Lenigas the offer of ANGS shares for his Lidsey interests?
Could they have been concerned about who might have purchased DL's interests if he sold to an outside party?

Many more questions than answers, but it would help if someone could advise what DL's financial obligations are in Oz.
Harts
Posts: 379
Opinion:No Opinion
Price:5.85
RE: lidsey
21 Apr '19
To me it’s obvious Lenigas needs cash liquidity and his stake in Lidsey was never going to give any decent returns in the short term. Therefore he requested to sell his stake and JTP aka Angus obliged by diluting shareholders at our expense and Lenigas makes a healthy return on his investment. The long term and short term success of Angus will depend on Brockham and Balcombe but Brockham is more important due to it’s production license and higher percentage interest for Angus. Fingers crossed for good sustainable flows from Brockham. Still not convinced on the financial health but that’s my opinion. I’m focused on the long term potential and realise there will be dilution until we can sustain the company by oil production.
scallywag3
Posts: 1,201
Opinion:No Opinion
Price:5.85
RE: lidsey
21 Apr '19
Angus Energy announces the purchase of Doriemus Plc's 20% interest in the Licence, together with Its interest in and under the JOA and any wells on the area covered by the Licence (including its 30% direct participating working interest in the Lidsey-X2 production well), for £467,377 of consideration payable in 8,324,024 shares at 5.6148 pence.
(edited from RNS ) 5.61p per share.
If D.L. hasn't got the interest or the cash to further develope Lidsey, best he moves on.
wealdpwr
Posts: 23
Opinion:No Opinion
Price:5.85
RE: lidsey
21 Apr '19
Good question Baits, why? Perhaps bc Leningas supported JTP’s shadow directorship - it is a tidy thank you. Why are shareholders holding the bag whilst Leningas received shares at 3.99 worth 25% more today. If it is so great why isn’t Leningas stlll a partner in Lindsey if it is so full of opportunity? Why are we shareholders not compensated but assume the risk? As LT shareholders as we have seen w all of JTP’s actions, it smells. Now let the boiler room broker jokers bubble Monday w their spew.
B2HS2L
Posts: 355
Opinion:No Opinion
Price:5.85
RE: lidsey
20 Apr '19
RNS 03.07.2018
Angus Energy Plc
("Angus Energy", the "Group" or the "Company")
Kimmeridge Assesment Indicates High Quality Crude at Lidsey
New Measurements Show Kimmeridge Producing 38 - 40 API, Light Crude

Angus Energy Plc (LSE:ANGS), a leading UK on-shore, conventional oil and gas production and
development company, is pleased to provide results from its supplementary assessment programme at the
Lidsey Oil Field. Having consent from all its regulators, the Company performed a Geochemical Analysis
of oil produced from the Kimmeridge (Clay) Layers in the Lidsey-X1 Well.
In order to conduct the assessment, production from the Great Oolite formation was temporarily isolated
and the Kimmeridge exposed to allow fluid samples to be collected. The Kimmeridge formation
immediately produced light oil, samples which were sent for third-party analysis. The Geochemical Analysis
was performed by the same organization that previously provided third-party geological evaluations of
Horse Hill and Brockham.
The multiple samples tested demonstrated a composite of oil from the Oxfordian and Kimmeridge layers
exhibiting a mixed range of source maturities. The lowest quality crude in the range possessed light, 38.5 -
degree API oil in the natural fracture system.
Angus Energy’s Chief Geologist, Andrew Hollis said “The significance of this assessment is that we now
have demonstrable evidence of oil generation of good quality on the outer perimeter of the basin. This
supports our conclusion that the Weald Basin Kimmeridge play is robust and the highest maturity will be
found in the centre of the Weald at Brockham, Balcombe, Holmwood and Horse Hill.
“Based on the data, it is possible that fields centred in the Weald could produce even lighter, sweeter crude
at 40 API. Comparatively, Brent Oil is 36 API,” he said.
Angus Energy own a 60% direct interest in the Lidsey Oil Field and a 50% economic interest in the LidseyX2 well which is held under UK Production Licence PL 241. In March 2018 the West Sussex County
Council (“WSCC”) extended planning permission for the Lidsey Oil Field for the next decade.
Paul Vonk, Angus Energy’s Managing Director, said “We will continue to gather more data as we assess
the commercial viability of the Kimmeridge across the Weald basin. This includes the highly anticipated
basin wide study due in the next month. Demonstrating we have movable oil in the Kimmeridge at Lidsey
is an important metric and, we believe, further de-risks our assets at Brockham, Balcombe and Holmwood.”
END

Three days later JT-P quits as head of Angus, and other matters take priority.
B2HS2L
Posts: 355
Opinion:No Opinion
Price:5.85
RE: lidsey
20 Apr '19
Lots of discussion concerning Lidsey and why the board are interested in developing the well(s).
The LSE Angus RNS index does not list an RNS for 03.07.2018,
but from http://www.angusenergy.co.uk/media/news/ it appears in the next post.
Toward the end Paul Vonk is quoted as saying:

"This includes the highly anticipated basin wide study due in the next month."

What does this refer to please, as this study might be the reason the board are so interested in Lidsey?
gkb47
Posts: 1,939
Opinion:Buy
Price:5.85
RE: lidsey
19 Apr '19
No makes no sense at all - I suggest you sell up and move on then.
baits
Posts: 7,134
Opinion:No Opinion
Price:5.85
RE: lidsey
19 Apr '19
I think Tidswell saw something that was pleasing at the Lidsey well.Hows about running an horizontal well into the Kim from Lidsey,although it is shallow on the Southern edge drilling horizontal might release lots of oil,more than what is coming out at the moment,after all they did not buy Dor out for no reason,there is something there that caught Tidswell's eye you can bet on that.Just my opinion of course, but think about it why buy Dor out
bumblebee1
Posts: 200
Opinion:No Opinion
Price:5.85
RE: lidsey
19 Apr '19
you haven't answered the question re-lidsey seaace,your a typical amateur investor with your head in the sand,,i hope all goes well but you need to see both sides of it. I repeat how does the maths make sense? quarter of a million funding for a few drops of oil...you explain it then but,you cant can you?
seaace
Posts: 2,241
Opinion:No Opinion
Price:5.85
RE: lidsey
19 Apr '19
bumblebee1

Then do one as the last thing we need here is some sort of a newbie wailing all doom and gloom when the vast majority are in a positive mindset with the water problem being looked at and when they get round to Balcombe, having slugged at 3000bbl Lidsey will have to come up with something special which is IMHO could be on the cards already.
Happy Easter...
bumblebee1
Posts: 200
Opinion:No Opinion
Price:5.85
lidsey
19 Apr '19
Why would a company raise a quarter of a million on a site which is barely producing ,how long to get your quarter million back? the maths don't add up. Personally I think lidsey is a white elephant, Waste of money,er correction waste of shareholder money. and now we have 8 million share overhang to get shut of. then whats next another raising for brockham not fully funded remember. I am still in this but uncomfortable with it.




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