Angus Energy Share Price (ANGS)

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