Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I sympathise. We received yet another question from this overwhelmingly negative poster last month. They are normally framed in the inflammatory language of an investigative journalist i.e. “Can you confirm or deny such and such” with dark hints of wrongdoings here, there and everywhere. Much of the information presented on the Boards by him is either plain wrong or simply wrongly interpreted. We attempt to answer all his assertions here, if only to rectify the misinformation and to show that we are genuine in our attempts to communicate openly with investors. Success at Balcombe and Saltfleetby is the only thing which will silence such detractors.
Answers to Investor Questions have been posted on Angus's website:
http://www.angusenergy.co.uk/media/investor-questions/
No mystery or conflict. Paul Forrest who runs Forum Energy Services Limited is well known to Angus and, having bid successfully for the Saltfleetby Asset, brought Angus into the transaction on terms already disclosed. The joint Directorship has been disclosed to the Board of Angus and these arrangements do not present any conflicts or confidentiality concerns as the Orwell Group Limited is not involved in the hydrocarbon industry. As such there is no need to disclose any further information.
Oh, that JDA!
Thank you for your post, gkb47, I was forgetting ...
JDA?
What does that stand for, please?
https://www.pxpenergy.com.ph/
seem a straightforward enough set of Philippine business folk............
LOL .........it would appear LLtm has already read it as he references "No smoking gun" as Skittish does?
Could be no connection of course ................as we know he doesn't class connections as normal people do!
gkb
Posted by Skittish over on the AAOG BB....Hope they won't mind me posting it on here.
Courtesy of some hints on the ANGS bb there are a few interesting links floating around -
We have Forum Energy Services Limited
https://beta.companieshouse.gov.uk/company/09903234/filing-history
with Paul Forrest being sole director and having sole control (75%+ shareholding) taking a
a) a 24% stake in AAOG (us!) and
b) 100% of Saltfleetby Energy Limited (which used to be Wingas owned by The Russian Federation) with again Paul Forrest being sole director and £12M in the bank, which in turn owns 49% of the Saltfleetby Gas Licence pedl005 having sold off the remaining 51% to Angus Energy plc.
http://www.angusenergy.co.uk/management/
Angus Energy plc has been going for quite some time and has as one of its directors Carlos dos Santos Fernandes appointed to the board on 6 March 2019.
Forum Energy Limited (which used to be a plc) and which is owned by PXP Petroleum of the Philippines used until 31st May 2019 to have Paul Forrest as secretary published a Confirmation Statement on 1st April 2019 showing Philex Petroleum Corporation (now PXP) as the major shareholder but also a Mr Carlos dos Santos Fernandes on the shareholder register, who appears to be the same Carlos dos Santos Fernandes who is now Angus Energy FD.
In addition since March 2016 the r/o of Angus Energy plc has been Building 3 Chiswick Park 566 Chiswick High Street London W4 5YA and between 2009 to October 2018 the r/o of Wingas Storage Limited, now Saltfleetby Energy Limited, was, yes you've guessed it, Building 3 Chiswick Park 566 Chiswick High Street London W4 5YA.
So quite a few links here between the Saltfleetby players and between Forum Energy Services Limited who own 24% of AAOG and Forum Energy Limited the latter whose owner, PXP, appears to be at pains to distance that company from the other Forum - our Forum.
It makes you wonder why PXP want "their" Forum Energy Limited not to be linked to "our" Forum Energy Services Limited when there are some fairly clear links in terms of ownership, shareholdings, personnel, addresses and previous business relationships.
No smoking gun, but I do smell a whiff of cordite in the air.
" Forum has the clearest vision and best contacts that will enable it to deliver value for shareholders in the long term." - Sarah "I haven't a clue" Cope
"Paul Forrest, Chief Executive of Forum, commented "Forum has, through its investors and network, access to sources of funding as well as exciting and viable projects in the natural resources sector."
Why so secret?
Surprising Ja51... What Angus still up to their old tricks again?
Worth remembering: "On AIM no one can here you scream!"
Interesting!
ANGUS ENERGY CONSULTANTS LTD
Incorporated on 17 December 2019
https://beta.companieshouse.gov.uk/company/12367170
Ocelot Thanks for the heads up on LLTM.
O the irony.....apparently after trying to get banned for pointing out obvious connections he has had a revelation and this one counts!!!.........All the previous ones that led to this don't by the sounds of it though....lol
I'm starting to think he may finally be seeing the light????
Is this sell off related to Carlos Fernades ?
# Trades 15
Vol. Sold 2,911,935
Sold Value £19.66k
Vol. Bought 0
Bought Value £0.00
Investor Question dated today:
An eagle eyed board poster has noticed that Angus FD is a director of The Orwell Group Limited. That entitys other director is Paul Forrest, who happens to be the sole director of Forum Energy Services Limited, which is the majority owner of Angus counterparty on Saltfleetby, Saltfleetby Energy. Do these arrangements present any conflicts or confidentiality concerns and should they be disclosed more clearly to investors ?
Didn't notice this before either.
SALTFLEETBY ENERGY LIMITED...Then Wingas
15 Oct 2018 Registered office address changed from Building 3 Chiswick Business Park 566 Chiswick High Road Chiswick London W4 5YA to 20 Triton Street London NW1 3BF on 15 October 2018
https://beta.companieshouse.gov.uk/company/00953066/filing-history?page=1
Fair point, Ja51.
Don't know if you're still filtering LancashireLife, but his post was to say yours was "a good spot" and definitely merits a question.
Don't you find the date of the change of address interesting ocelot?
24 Sep 2019 Appointment of Mr Carlos Dos Santos Fernandes as a director on 20 September 2019
22 Feb 2019 Registered office address changed from 3 Linkfield Road Isleworth TW7 6QG England to Building 3, Chiswick Park, 566 Chiswick High Road London W4 5YA on 22 February 2019
View PDF Registered office address changed from 3 Linkfield Road Isleworth TW7 6QG England to Building 3, Chiswick Park, 566 Chiswick High Road London W4 5YA on 22 February 2019 - link opens in a new window - 1 page (1 page)
25 Sep 2018 Incorporation
Statement of capital on 2018-09-25
Carlos Fernandes's appointment to The Orwell Group is given as 20/09/19, so quite recent and post the Saltfleetby deal.
Investor Questions are there if you wish to put a question to management on the subject.
Seems one of our directors is also connected to Paul Forrest (Saltfleetby Energy Limited's sole director) And solely in charge of (Forum Energy services Ltd) the sole shareholder in 49% Saltfleetby licence area, via The Orwell Group Ltd
Carlos Fernandes listed as and officer! ........Not only that The registered offices are Building 3 Chiswick Park, 566 Chiswick High Street, London, England, W4 5YA.............. the same Address as Angus energy !!!
https://beta.companieshouse.gov.uk/company/09616076/officers
https://beta.companieshouse.gov.uk/company/11588582/officers
https://beta.companieshouse.gov.uk/company/11588582/filing-history