Member Info for Alan2017

And I should have said Balcombe before that..which is meant to be the big one.

Mmhater - the SP rose to 36p because of the expectation surrounding Lidsey production....being that the production would be a lot higher. When the terrible first RNS came out...the price dropped. Brockham will most certainly push the v,aye Northwards....how much is to be seen.

Wasit - I wouldn’t normally cherry pick the tanker volume, but seeing how over the course of a year it does make a big difference. Fuel tanker normally holds circa 221bbls As you said 8 tankers per week is 416 tankers per year which equates to 416 tanks X 221bbls = 91,936bbls Brent is circa $72 - $14 operating costs = $58 $58 X 91,936 = $5,332,288 Or £3,743,799 per year....

Forgot to include the RNS with the post http://www.angusenergy.co.uk/wp-content/uploads/2018/03/Angus-Energy-Resumes-Conventional-Production.pdf

Lets get down to the important thing...flow rates and therefore money coming in. We should now be up to 226bbls of oil produced every day from the 3 wells. Angus will not have opened the tap fully with Lidsey to prevent what gpmph1 just stated (long term production from the reservoir and prevent inducing water into the reservoir....that's game over once it becomes fully saturated). Angus will be adjusting the ESP setting to ascertain what gives the best flow rate without inducing water....so I would expect the Lidsey daily production rate to increase from the quoted figure. PS - The board was actually a very nice to read today until folk started to converse with the Troll.....just ignore him / her....

Gpmh1 - much appreciated. I've found some interesting links through other PIs posting them on here...so it's a great way to share information.

Gpmh1 - Angus have 65% of Brockham as stated in their RNS http://www.angusenergy.co.uk/wp-content/uploads/2017/11/Angus-RNS-Completes-Increase-of-Interest-in-Brockham-Oil-Field-PL235-to-65.pdf As a general comment it's best if a link to the document / website you are quoting is attached to the post ...so everyone can follow it.

Jeremiah - the BB well was poorly drilled and completed which has led to the disappointing results (that we are aware of)....So it is unfair to use 1 well that was not executed correctly and will need to be side tracked and compare it to Angus assets. Each of the wells Angus has drilled has been on time and within budget. Vonk stated in an interview that the corresponding Great Oolite reservoirs from neighbouring fields have actually increase up to 5 fold over time due to finding the production sweet spot....so if that was to continue for Angus then we would be closer to the figures first entertained last year.

Hertstrader - this is the video I was mentioning regarding Balcombes' potential. https://www.youtube.com/watch?v=rvw9ikPZma0 Thickest Kimmeridge unit in the Weald Basin....so look at how HH initially flowed for UKOG and how their extended flow test at HH (I believe this is going to happy imminently) will impact on Angus SP. Angus SP first started rising last year on UKOG BB drilling / coring.....so I would expect an upward movement from our next door neighbours activity. Balcombe (7 day flow test) and then Brockham flow test will boost the SP. I don't think predicting specific SP price ranges within a certain time period is healthy. Just like last year with PIs constantly complaining on this board because there was not a flow update by a certain day.....it may or not may shock you to know one of the main people to complain was Real Analyst.....who strangely only started posting regularly once the first deadline had been missed regarding updates. The share price rose last year to circa 36p purely on the expected Lidsey results (predicted flow rate ranges were from 400bbl as stated by Vonk to 1,500bopd from Schlumberger). I would say it's better to say 36p was based on a market expectation of higher than 400bopd...I'm basing it on expected 900bopd. But activity else where also boosted the share price, so lesser flow rates may achieve a similar share price. Brockham X4-Z horizontal well is drilled through the Kimmeridge (same as UKOG HH) and just needs to be perforated once the National Grid have completed hooking up the OGA required gas powered generator to distribute excess power generated on-site (another money generator). http://www.angusenergy.co.uk/wp-content/uploads/2018/01/Angus-Energy-To-Resume-Conventional-Production-From-Brockham-Lidsey-Oil-Fields.pdf "Further to the Company RNS 23 October 2017, the installation of a connection to the National Grid for selling on-site power generated from associated gas production is in progress, contracts have been executed with a scheduled completion in March 2018. Prior Company guidance for the beginning of production from BR-X4Z is unchanged."

Hert - As I stated before ...do your own research ...strange but everybody use to use that in their posts ...times have changed I guess. Then you can pick apart other posters comments ...as you say there are rampers and derampers on this board. Only you can make an informed decision. Check out the Vonk interviews on YouTube ..especially Vonk talking about the Cuadrilla buy in. Balcombe could be very exciting. Balcombe is apraently the sweet spot of the Weald.

Hert - I wouldn’t bother listening to RealAnalyst...he’s just annoyed with himself posting his email address on here where folk could look him up and discover he made the newspapers when he lost his pet ( Still looking for it?). Plus he spoke with a top barrister about suing Angus .....he’s about as stable as warm jello lol

Hert - I think you should really read up on Angus, their RNS’s, project timelines and how the assets compare to the likes of HH and BB with regards to Kimmeridge thicknesses. Then come back with a more realistic SP price which takes into account all of the above.

Hert - you still haven’t factored in a Balcombe flow test result ?!?!

Herts - what price do you see?

Herts - Balcombe will be tested first....you haven't included that.

Ahhhh yes...I see the months now sorry.... What wells are on line or have been tested / yet to be tested with your SP predictions? That needs to be included.

Baren - very strange question to ask seeing you haven't said what your SP short and medium durations are and what they include for production and completed / yet to be completed well tests at both Balcombe and Brockham. Need to include more information please.

Hertstrader - As Ibug has already stated and I must say its refreshing actually reading a post with informative information unlike certain posters whose sole intent is to disparage Angus and ignore / twist the facts. http://www.angusenergy.co.uk/wp-content/uploads/2017/06/RNS-Angus-Energy-Brockham-operations-update-26-June-2017.pdf "The gross thickness of the Kimmeridge reservoir in Brockham-X4Z is calculated to be 385 meters...... This Kimmeridge reservoir is naturally fractured and can be produced via conventional production methods (i.e. no fracking). The production of the Kimmeridge oil will be realised via the natural fracture system present in the interbedded limestone and shale layers in the reservoir. A 200-meter band of the reservoir in Brockham-X4Z is naturally fractured and will be placed into production following final consent from the OGA."

JA51 - "Agreed if Angus actually get to the point of making any money great!"........long sigh........ Angus have tripled production .....so that means more oil....which means ..........I know you're trying to come up with a negative response now lol.....more money!!!!!! And then guess what.....have you seen what's happened to the price of oil in the past 12 months......even more money for the same volume of oil pumped out of the ground. And Angus inherited a field that had 1 well which was hardly producing due to its well path within the reservoir structure. Any money spent on the infrastructure of the property can be tax deducted ....when the previous operator had to carry out maintenance ....tax detuctable on lost income. Plus all the other fancy tax accounting ways. The more you respond with your sly negative resisted comments ...the more obvious you become for all. PS - thank you for pointing it out, but I just click on the report button next to a fake comment in the bottom right corner.

Strange seeing I’ve reported your posts in the past for twisting facts...just being honest with you...unlike yourself. I’ve reported posters who have tried to blame a game and when highlighted to Admin ...suddenly disappear due to being a serial offender. All PIs have to do is spend 10 minutes reading up on a posters posting history to determine are they genuine or have agendas...I do not like seeing people trying to make a quick buck by shorting a share or by purposefully trying to inflict damage on a company by attacking the SP with has been occurring more frequently in the past several weeks.