Member Info for bottom_feeder

hmmmmm, not sure they would release the RNS if they felt the FDA was going to somehow come back today and allow them to release an update. They'd be far better off waiting in that case.

So suspect it won't be for another week or two.... but obviously would be happy if FDA did response MUCH sooner.

Or.... another day closer to yet another delay by ANGS/GL regarding ACTUAL Revenue income.

they have yet to obtain a stable, continuous flowrate.

Evevn after that GL (in his OWN words) stated that only AFTER that would they begin to look for buyers. So, in other words, even if they obtain a stable flow today or this week. It's likely to be another week before GL ordains any form of revenue potential.

And by the way, there is potential for prices to begin falling over the next 6 months which will hit ANGS hard with the Hedge.

I see many 'eggs' ahead and few Chickens.

Oscar22: you provided a supposed response from IMM claiming they said ..."fda response 'around' 29th...". You then went on to ridicule others for their comments.

In fact... if that is a true IMM response then they have LIED to you!

In their RNS regarding FDA response they state...
[Quote]...The agreed date from the FDA for providing its written responses is 29 August 2022.[Unquote].

That is the SECOND sentense in that RNS that positively and clearly states 29th being the 'confirmed' date for response.

So go back to IMM and ask them why they are misleading the market!

We as shareholders have a right to question when a BOD gives statements etc.

So, it is you that is 'ignorant'.

So get your facts straight before casting aspertions.

Possibly notflipper, but I'm always 'wary' when major warrant/option holders conduct business 'around 'RNS' releases.

But, if they are doing it for 'positive' reasons then great.

My interest isn't just financial though, my girlfriend has had Lupus for years and so any potential remedy for her is worth investing in. So my fingers are crossed very much.

Yep, I appreciate that the owners of the warrants are not deemed directly part of IMM but let's be honest; if you're a large shareholder then you can bet your bottom dollar that they will be being given snippets.

But, at the end of the day we as minnows have now say in anything and are at the whim of market, major shareholders and BOD. SO it's a wait and see game.

But hoping we don't start to see some major selling off of large share volumes today before any RNS.

My query on these warrants etc is why are they NOT seen as potential "Insider Trading?

THe fact is that ANGS BOD are gaining shares, just as iff they bought them on the market, but they have the details of the future RNS and so can easily take massive advantage of any spikes etc.

I seriously think the FCA etc should treat this method of share gaining as a potential issue and prevent companies and Directors exercising their own warrants/options in this manner so close to important news. It is exactly the same as Insider trading but clearly a loophole.

RNS not the one we're all waiting for

What's with the "Nailed On" statements?

Stupid Rampers at it. Only the RNS is going to give us a definitive answer so just wait.

Slight drops this morning and last week is more likely down to nervous investors jumping ship or reducing to 'edge their bets'..
But it's given me the chance to top up at a lower price. So hoping my "top-up" is the right choice :-)

Rosh: shut up and stop pumping/ramping another share on here.

It's so fricking obvious.

Oh how the trolls and rampers have been having a field day.

Still doesn't erase the fact that GL is completely Incompetent, lying, deceitful and SHALL CONTINUE TO DO SO.

He and the rest of the BOD can be sacked once everything running. As the company won't actually need them.

Why do you lot expect an rns so early?

Gl stated on twitter that ...

1) they have been working all weekend...
AND
2) HE WILL PROVIDE FURTHER NEW "EARLY" NEXT WEEK.

What that means is they havent fixed everything, he's hoping they'll get it fully working by wed.

So won't likely be RNS until tomorrow or even friday as ANGS are incompetent..... as usual.

Mega fun.... you're not invited :-)

Taversham: It's highly unlikely that a Rig Operator would 'bypass' Compressor stages.

Apart from Safety Features, the Compressors can act as a 'Regulator' ensuring more consistent pressure/flow rate.

you also don't want to be 'shunting' flow as you bring Compressors online/offline.

Ultimaately, Its best to operate a series of Parallel Compressors at reduced lifecycle rates also, hence my mention that ANGS need ot bring online more Compressor capability, if not only to provide redundancy aas well as support their 'proposed' flow-rates.

no doubt, they will definitely need more Compressor capability once they desire to introduce any future 'Side Track'.

Since ANGS are referring to two wells (B2 and A4) the most obvious Rig configuration is a "H" Pipework configuration with a Compressor on each Output and the 'Horizontal pipe' having a Stop Valve, the inputs to each COmpressor also having Stop Valves.

That way ANGS can flow each Well to it' own inidivdual with the 'horizontal' valve open to equalise pressures.

In that configuration, ANGS can close off say the B2 Compressor Stop valve for servicing or breakdown and still allow the B2 output to flow to the A4 Compressor. Or shut off the Horizontal Valve to shut off the B2 flow completely if needs arise.

Its really down to ANGS ensuring that they employ the most efficient, optimum and safe configruation setup.

But, I and I suspect everyone else on this baord don't have an idea of what the configuration ANGS is actually using.

Worst case secenario is that ANGS only has ONE Compressor. Hence if that goes down they are screwed and may only rely on the 'natural' Venting Pressure of the field... which we just don't have a clue about - yet.

Taverham: you're partially correct. There is initial higher 'back pressure" due to the 'field being closed off.

The 'available well pressure will drop and stabilise at some point however and reach a 'natural' equilibrium pressure.

The Compressor facilities are their not only to provide additonal 'suction' but to also act as 'valve' mechanism to help 'control' the flow.

At some point however, ANGS needs to increase Compressor capabilities to provide greater flow rates.

The best analogy is a pressure cooker.

The pressure build up. You can pull up the safety valve and get an initial high pressure (which is what ANGS will get), but then the pressure will drop.

The pressure will stabilise at some defined level. So in reality at initial start the compressor will likely act more as a valve controller allowing high pressure release in a controlled manner. But then the Compressor will then have to start 'potentially' supporting the required pressure.

Its simple fluid and thermal dynamics but the analogy is drinking a milk shake through a straw. With one straw you have a certain flow rate. You can increase the flow rate with a 2nd stray to overcome the 'restrictions imposed by a single straw.

This is why adding well A4 to B2 will help. But you still need to have the Compressor capabilities to aid extraction if the "natural, stabilised' flow pressure is lower than your requirements.

It's also a law of "diminshing returns". Adding more "straws" doesn't multiply output on a 1-to-1 basis. I.e. having 6 wells won't give you 6 times the flow rate.

Okay. Everyone keeps trying to push figures of 6, 7... 10 mmscfd etc.

But fail to clarify that GL in his very own words stated that the rig compressor capability is actualky only rated at 5mmscfd.

That is, ANGS doesn't have the full Compressor capabilty to achieve AND maintain said higher figures.

If the trolls et al want to deny or refute this then just look back rhrough GL' statements as follows....

28th June 2022
..."The expected output during that period from existing wells B2 and A4, assuming a start date of 1 July is approximately 5 million therms."

Yes I'm sure the Trolls and rampers will jump up and proclaim that GL 'intimated' that flow levels were expected to 'exceed' expectations but the 2 truthful conditions are...

1) GL has clearly and blatantly stated and clearly expects the initial flow rates to drop (stabilise) and

2) The Compressor capabilites won't allow continuous flow above 5mmscfd for any long term as GL has clearly stated.

So ANGS need to install MORE Compressors.. not only to support 'potential >5mmscfd but to provide redundancy.

If anything happens to their current Compressor capabilities then it's a BIG issue.

Actually HITS needs to provide 'realistic' figures so that we all, especially new potential investors, can see the Real impact of the hedge etc

The problem with any board (and especially this one) is that all the trolls and rampers try to fill the chat to 'suppress' the truth.

So keep posting info HITS, it's much appreciated.

correction; just dipped to 0.018-0.0185 hmmm

Yep Bid to Offer is currently 0.0185 - 0.019 so heading upwards

The main incentive for the SP rising isn't the consistent flows rates etc in the very short term.

It's about generating excess demand for the share.

the BIGGEST and main thing to drive this interest is going to be Publicity in national/international news.

What is missing and I'm at a loss for why (though I suspect it's because GL knows he'd be seen to be misleading for so long if it was more broadly publiciesd) is ...... BBC News coverage of the Gas..

The fact is that the UK actually has a glut of gas which it sells off to Europe due to the excessive high prices. What's missing is 'extra' gas available in th UK that can be seen to "prop up" the UK Gas supply availability as well as potentially aid in mitigating Energy costs to UK homeowners and businesses.

So, once revenue gas is flowing 'consistently', ANGS needs to get the News to 'broadcast' that the UK has this new Gas supply available. That's when every man and his dog will suddenly become FULLY aware ..... and THAT's when the SP will ramp.

At present, many people have been burnt by the ridiculous lies and deceit and the topsy-turvy nature of the SP. It's only when ANGS can show it is no longer suffering these 'setbacks' that it will be recognised as a 'viable' share.

As for me, I'm still waiting out for the 'consistent flow rates' then I can gauge the 'real' longer term revenue projections. I don't mind missing some profit if I can gain what many would argue is reliability and consistency.

The main reason as I say is that I think the real SP ramping will be when ANGS gets into national news.