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MildTiger,
Hardly a selloff was it lol, a total of 6.5m shares traded today, about £27k worth, out of 4,390,000,000 in issue !!! get over yer self lol
Bought a few back today, slowly building my 4-5million position again. Thank you sellers
When is cool story 2 out?
"" I can focus on fundamental analysis of the company""
Snowflake - Cinder's,
Yeah,Yeahh, like relying on such "company" analysis has paid off for you so far lol.,, if ONLY you had listened to me at 1.6p you would be singing a different tune !! ner mind !! Ohhh you blinkered me out lol....
Probably Ocelot (paid ramper) and BubblePOINTLESS (zero shares, XR nutter in disguise).
Either way, I don't have to read their drivel, I can focus on fundamental analysis of the company and leave the pair aforementioned to waste their time posting to an empty room (that's where they belong).
Just imagine if instead of being long ANGS the last 6-months you had simply bought a FTSE tracker fund...
Coulda, woulda, shouda!
Actually agree with that WG, it is simply to avoid decom at Brockham, but then, they can at least state they have tried every which way they can to deliver from there, even though the writing is in reality "on the wall", and it strings it out for what ? another 2-3 years lol.
Bubblepoint,
Think it best not to expect too much, agreed.
But it is their first growth initiative outside of Saltfleetby so appreciate their effort and wish them well.
Ocelot,
It is likely they will see some early increased productivity, which "may" last for a few months, but I will be extremely surprised if it is sustained for longer than that, part the issue being wellbore replenishment (permeability of the near wellbore reservoir).
That will likely result in the ESP (pump) running intermittently, rather than full time, and the issue with that is ESP's do not like intermittent switching, it severely impacts on their run life.
Bubbles, They already have an injector well at Brockham. They also have permission from the Environment Agency too dispose of 150 barrels a day down it. The trouble is this. They don’t have planning permission to dispose of the water from elsewhere (be that Lidsey as they traditionally did, Balcombe should they need to, or possibly Horse hill when UKOG go tits up shortly) It would also take 8 years at 150 barrels a day to bring the reservoir pressure back up to the original pressure. See the EA documentation.
They Also told a massive Porky in an RNS regarding the last time it was producing when you look at what the actual NSTA figures say.
It seems to me that this is no more than them having a go at Brockham rather than De-comm of both that site and Lidsey. See the RNS following the previous failure listing the reasons for a placing as being “best in class” for de- commissioning both sites.
RH has himself sought to limit expectations re Brockham. From my post of 30/04 12:49 which was a repeat of my post of 12/04:
Needs to manage expectations: relatively modest production, not currently set up for 24 hour production.
Certainly, if we are encouraged by early production, we will consider moving to 24-hour production.
SB,
I am not overly convinced about Brockham uplift, personally I think Brockham is borderline even being considered an asset, and I don't put much potential in the workover giving any additional production of significant note, likely doing well to pay back the cost of the works.
They could always eventually switch it to a water "disposal" well, always a need for that. Anyway, guess we will soon find out what benefit this effort will add.
I would have thought they would have been far better focused on getting the velocity strings etc sorted and in at SLBY, to spread the cost and workload out there a bit, and support the possible ability to increase gas production.
Re Brockham, they plan to be doing the work-over in May with production anticipated in late May/early June. (from the Richard Herbert CEO Broadcast interview thread, my post of 21/04 15:55).
BP,
I am guessing the recent rise was in anticipation of the rig arriving to brockham which was meant to be early Q2. Since the mid point of Q2 is approx 7 days away, news should be immeninet (in real time, not angus time). I am guessing the retreat was some getting out..
the potential sting in the tail to this new chapter of angus, is the lack of details around the new offtake agreement. To my knowledge we still have no definitive detail on that, unless i am mistaken.
WildTiger,
That is a bit uncalled for, Angus is not all bad, it is just carrying a lot of baggage from past director/s etc and their poor or deliberate decisions.
That said, there are "potential" catalysts that "could" swing this round fairly quickly, the main issue is either they (angus) are not doing anything of note (munching hobnobs knowing their salaries are covered for the foreseeable from SLBY chugging away) OR they ARE working hard behind the scenes and simply not saying anything.
We don't know 1! but I would never dismiss them actually coming up with something that "could" swing this.
I don't believe the recent price movement, though small in reality, is anything to get excited about and appears as with the previous recent movement and fall back to be nothing more than the same, time will tell.
It's NOT going anywhere*
Its going anywhere in the short term, patiently waiting for .30
Well I cannot comment on what you have on your screen but absolutely no issue to get a quote for well over a million shares, now and before, not that it really matters that much, there's plenty floating around, and volume of any reasonable amount is healthy.
Same here. Just checked again and only 24,609 available at 0.5p
Ii
Who are you with BP?
""Having checked my broker, they only have 21,000 available at 0.5p""
No problem getting a buy for 1.5m at 0.48p so no shortage as some would suggest.
Ocelot: why do you presume that Angus’s change of broker was was at Angus’s instigation?
Having checked my broker, they only have 21,000 available at 0.5p
My assumption was that the appointment of SP Angel Corporate Finance had to do with Angus's strategic growth.
But it is true that it could also be made for defensive purposes.