Member Info for Alan2017

Baits - "I did not blame you for my lose it was my decision and mine only" yet you mentioned me with the amount you lost.....I wish you would make up your mind.

The SP went from 2 to 5p which equates to 2.5x bag
And then went from 1.7p to 7p which equates to a 4 bag

As I said before if you can't free carry then that is something only you can answer.

I see you bought at 3.3p on 5th March as per your LSE post stating "n for 200000,hope I did the right think lol." So you had 2 bites to make a nice healthy profit.....yet didn't. How many posts have we had to read where you have jumped from UKOG to Angus and vice versa.....again you made those decisions yourself.

I asked you if you had spoken to the partners after you said "...the partners had very little information on what was going on when Vonk was incharge" Which is fundamentally wrong on every level of business. Of course they would be briefed.

I'm sorry if you don't like being asked to justify a comment and then feel embarrassed when you can't answer it....but if you quote RNS, company Tweets then you can't go wrong.

Baits - “I could say after reading your tweets about Red Emperor you cost me 10 grand but I will not” lol Have you ever heard of a free carry? RMP went from 2p to 5p and then 1.7p to 7p? If you din’t cash your profit then who is to blame? I learned that from when Angus was at 38p...sounds like you still haven’t.

Baits - turkeys don’t vote for Christmas lol Please read up on the facts and history. It’s all there. https://twitter.com/JonathanTidswe1/status/1092528214302511104?s=20

Alexios - link is in my 12:30 post. So the debt has since been cleared? Thanks

Baits - I am surprised you don't already know the answer to that....

Tidswell aka Captain America had him removed (he even confirmed this himself) ....nothing personal, purely business lol Vonk is doing an investigation into Tidswell America 2030, so Tidswell gets Vonk removed = End of investigation...sigh

I do note you cannot justify with evidence your previous posts.

Well this may be one reason if they are heavily in debt.

https://drillordrop.com/2018/11/08/rathlin-energys-33-9m-debt-casts-doubt-over-company-viability-accounts/

Also that site has attracted a lot of swampys since the start of this year with a to of delays to deliveries.

Baits - sigh.....you are breaking the terms of the contract, as well as being a PLC listed company. Why would the partners continue to give Angus money for 6 months if they haven't been told anything?!?! What you say just doesn't make any sense.

What you are saying just doesn't happen...in any industry.

Baits - you are entailed to an opinion, but you should also say that you have no evidence to back it up.

As B2HS2L alluded to before and as I have said, the well was perforated circa 15th December 2018 wit the well test gear rigged up and tested on site. So we should have had initial results in January 2019. Thats the same time lineline Lucan will be using, so why was it wrong for Vonk?

B2HS2L posted "During operations several key completion components failed for a variety of reasons beyond the Company's control". That was the reason for the delay, not "expectation mismanagement". That was just used to deflect attention from why we are not testing now and most importantly the SP not being higher.

And lets be fair....these guys aren't busy lol They are running very small operations and are getting in my opinion highly inflated salaries for not producing results.

Alexios - from the OGA website it shows PEDL 183 only has 5 wells drilled and Angus stated the asset they are interested in has 7 wells drilled (licenced for 8).

https://ogauthority.maps.arcgis.com/apps/webappviewer/index.html?id=29c31fa4b00248418e545d222e57ddaa

Baits - you are breaking the terms of the contract, as well as being a PLC listed company. Why would the partners continue to give Angus money for 6 months if they haven't been told anything?!?! What you say just doesn't make any sense.

Vonk wasn't working alone as he had a board. Sadly Captain America decided to do something against PLC rules which resulted in him being forced to step down.

Lucan seems very quick to blame his predecessor...I mean it is in the play book, but he also failed to mention in his LSE interview, but did mention it in his 29th January 2019 introduction message "Even before my appointment, the Board was also on the point of hiring a new Non-Executive Chairman to replace the acting Chairman, Cameron Buchanan."

Now that doesn't say Vonk...it speaks about a Board.

Baits - your statement "...the partners had very little information on what was going on when Vonk was incharge" is incorrect. Have you spoken to the partners?

Of course they would be given information that any oil company has to as the Operator pass on, but you also sign a lot of rights away being a junior partner in a project. The Operator in this case Angus plans and executes the project. Only at key stages are the partners consulted as it is considered day to day business. They are more concerned about timelines and sticking to the cost schedule.....cough cough.

Not sure why folk are following the old timeline which did not have a break in operations to review / analyse data (which data is still to be explained) Also you are not going to wait 6 days before ordering your equipment, so they accounted for 20 days for ordering / arrival of equipment. Latest presentation said minimum of 3 weeks and depending on equipment availability. They need to have a meeting with partners to decide on the forward we’ll testibg programme. You are not going to order equipment before that meeting takes place. Now does that mean we have to wait 3 weeks from that date. Well no, most likely the equipment is currently being used and will be free around the same date regardless of Angus timetable

Boom Boom - first require equipment to be ordered (if it hasn't already...the forum link doesn't work lol).

I would say middle of June for commencing the well clean up / initial flow test with initial results possibly 2 weeks after that ...puts us end of June.

This was UKOG timeline for when they started their 2018 test:

27th June 2018 - yet to complete rig up of well testing equipment and removal of 3 suspension plugs from well.

18th July 2018 - initial Portend flow results, still to achieve maximum flow rates

Scallywag - Angus doesn't have the money to buy out partners....hence why they gave DOR shares for their Lidsey stake.

To be honest I don't know why they didn't give the shares to acquire the Brockham stakes instead of Lidsey.

new2trade - crikey that was a quicker U turn than the Italian Army. There seems to be a lot on this board recently for some spooky reason.....

You only posted this last Thursday "I thought it was a good interview , obviously not by looking at the share price , that's aim for you I suppose. He thort do that interview to help boost the share price by that double valuation talk and what happens , it drops , I'm new investor here with just a tiny 17 k in at 3.87 , so I'm not too worried at this price. Good luck all"

Brockham wasn't hyped up as the well was perforated circa 15th December with the well test equipment already rigged up and tested. We would have been flowing and had results in January.....he negates to say the completion component failures where to blame and no...not due to hype.

Turn on the taps is a standard oilfield reference to a well that does not need to be drilled first which entails a time / financial cost.

Mmhater - you will have a base line for your shut in pressure. They would have seen a drecreae in pressure after the water zone was isolated. They should have seen an increase in pressure after the reperofrations as they would have put the well under balanced to maximise the effect of the Perforations. They can have an indicator of if the wells potential form the pressure observed and the reservoir logs, but really its the proof in the pudding which is flowing the well. This is why I have said before Lucan hasn’t talked Brockham up as he doesn’t have flow rates (yet) to big up Brockham. As you saw with Balcombe he spoke about the market released flow rates and the fact we should be testing it in the Autum (I would say last quarter of 2019 to avoid any disappoint). I did say at the start of the year that we could be simultaneously flow testing at Brockham and Balcombe...which one poster was very dismissive about ....sigh.

Ocelot - I agree with your assumption.

There was always going to be a hiatus in-between the reperforation / installing the well test string and the equipment arriving on location. Angus original timeline was 30 working days for ordering, arrival, rig up and testing the equipment. Christmas tree was installed on 8th May, so that would put it at 14th June. Judging by the latest timeline from the presentation (15th May) the dates are roughly the same. I should also say I don't see them taking 10 days to rig up and test all the equipment. It's all modular with some pipework connecting each unit. Should be less than a week.

So nothing has changed in terms of what we should see happen.

gpmh1 - you keep changing your mind in your posts more often than Boris Johnson does with Brexit.

You said "YES my previous post was pure conjecture" meaning you don't have all the facts. Why would Angus be talking about expanding their Weald assets when they are looking at acquiring an asset in Teeside?

I presume you can't post any links for presentations, RNS, articles or even a tweet where they have said this? So it is a baseless ramp with no substance. It is really unhelpful at this present time for somebody to be posting something with zero credibility.

I note you cannot post one LSE post where I have personally attacked a fellow LSE member.....

Now my question to Angus is why reperforate the shale section and then halt operations to analyse data both at Brockham and HH. Surely you would analyse the data from the Weald and then perforate with this knowledge in hand leading on to flow test afterwards. And no they would not get any flow data after perforating the well....they purely logged to ensure the perforations had done their job by "communicating with the reservoir" as Lucan put it.

For me its just a stalling process as all the well test equipment is not available to meet the original timeline they set out. Which is not a big issue.

The posts mentioning Broadford Bridge is not relevant to Angus as BB was a drilling disaster...twice. Broke all the Good Oilfield Practices multiple times. Brockham was drilled first time and as per the plan....everything after that was a legal headache lol

gpmh1 - please show where I have been wrong with regard to Angus...I await your response.

Please show me where I have personally attacked folk on LSE? Again I await your response .....please take your time sigh.

Thank you for agreeing your post was pure fantasy and that is very big of you to say so "YES my previous post was pure conjecture"

I never questioned your professionalism ...at what ever you do. But to stick to facts. They can't discuss the flow rates or plan anything in the future...until they have done the extended flow test. Chicken and the egg. You have zero evidence to say that they are meeting up to plan a Blitzkrieg on the Weald assets...so what you previously wrote is pure fantasy.

I'm sorry if you're ego is bruised as that was never my intention, but folk don't want to read over the top baseless ramps. They want to base it on results.