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Until then GL (ANGS)will continue to deceive and keep PIs utterly ill-informed while he and his 'network' enjoy financial nirvana.

I suspect PIs will be hit with further negative news along the way, in addition to the further 1 week slip for the completion date.

"Never mind about sp.....there will be gas tomorrow.!!!!!!!"

Which 'tomorrow' are you referring to. It's at least 3 weeks away (late) now!.

Given that GL (aka ANGS) has had full knowledge of when things turn up, what resources were and are available, he coukdn't even make a decent stab at a viable completion date. Let's face it. He waited until the very last moment to inform people of a 2 week delay.... along with all the 'back hand' financial shennanigans he's been up to.

Now! He even slips the completion date yet ANOTHER week.

It smacks of utter deliberate misleading of PIs.

I managed to cut my losses last week and have the saving grace, that I closed out higher than the current SP. And managing to start to claw back some of the losses.

But to see that there are still goonies on this board spouting utter rubbish is absolutely amusing.

I've decided over the weekend to cut my losses too. Fact is that PIs don't have the share base to initiate any attempt in preventing ANGS from issueing more and more shares.

Additionally, I can't see 'actual' income revenue hitting ANGS bank accounts until end of July for first gas AND any Sidetrack revenue ('if' successful) not coming in until end sept.
I may lose out on a possjble spike, but in the meantime, if I leave my money in ANGS, its likely to depreciate further over the next 2 weeks while I'm missing out on pretty well guaranteed smaller profits elsewhere.

So I wish everyone well and good luck :-)

H) sidetrack duration. Gl stated in last LSE video that (at best) they see it taking at least 50days to from start to finish. Longer if there are any issues or re-direction.

So I submit any sidetrack revenue won't be viable until end of August at best. Likely mid to end Sept.

Additionally I don't know what the actual "payment " terms are in place. It could be 30 day billing or longer. If so we're looking at end October for sidetrack revenue in the bank.

And possibly end July for first gas revenue to actually appear in the company account.

Hence a possible reason for the extra funding round to cover 'payment slack'.

Inadequately informed I should say :-)

Oktane: I value your input as you are one of the few on here that provides decent input. However, I do understand many aspects, what I don't accept is that ANGS hasn't kept PIs adequately informed of their financial status or plans. It is utterly unreasonable for a BOD to keep Investors in the dark then spring such major upheaval on them in this manner.

Therefore, it is not about anything being complicated, but more seriously about us being kept what I believe to be deliberately in the dark on matters that I personally believe have clearly been given to other major shareholders; all of whom have therefore had an utter unfair advantage as they have been able to withdraw their funds before all the damage was caused.

It is what I perceive as major insider trading as being the big issue here. Sorry, but that's what I think and why I'm annoyed at GL, the BOD and the either nieve or deliberate Trolls on here who insist and suppressing people from expressing legitimate concerns.

I was more than happ with the position prior to this debacle being triggered and happy to risk matters regarding the hedge and sidetrack. But all the other 'shenanigans' is out of order.

Rant over.... now I just have to figure how to get down from this exceedingly high Soap Box :-)

This will be heading further down towards 0.9 to 0.85p (0.0085) next week as it sinks in what is actually happening to the SP and the market whispers begin to give us lowely PIs a bit of the 'real' story behind GL's motives.

I'm still waiting for any resposne whatsoever from ANGS to my questions, which I think are highly pertinent to allow investors to vote at the GM; particularly WHY they can't delay the so-called full pay-off of the loan and use the funds instead for 'whatever' purpose the extra funds are for. It just does NOT make sense as to why the company would force such a downward effect on the SP unless there is something very wrong that GL and the BOD are not telling us.

And WHY would SEL give up an 'apparent' positive revenue stream that GL infers this is????

Something is highly fishy. Or GL and thee BOD are positioning themselves and their major investor buddies to make a fortune off of us PIs.... I suspect this is the case..... so 'NO' at GM and sell immediately afterwards.

You should be worried. I suspect there's a lot more sellers on the way as ANGS heads for the GM.

Steakbake: you constantly hurl abusive, derisory remarks at people, proclaiming yourself to be so piosely correct.
.when you keep using the term 'green', it's clear you are just full of Brown and an utter waste of space.

Go back to the sewers where you might be able to be processed and become something useful.... like fertiliser.... your filtered, that shuts you up!

Finally managed to get time after work to write an email to ANGS stating my disgust at their actions and I'll wait to see if they dain to give me a response providing suitable answers, especially as to why they need such funding, especialliy given GL' propensity for claiming their ability to clear loan liabilities so effectively.

I may only have just under 5million shares but I'm hoping others will contact ANGS and express their discontent.

If ANGS infers they 'suddenly' realise they don't have the funds to establish the sidetrack etc then I will find that incredible.

They have clearly deceived investors on their financial status.

And like some have commented on here.... I know think George Lucan and the BOD have every intention to screw over PIs.

Once the vote is finalised I'm cashing in my shares.... Screw GL, I'll seek more secure, reliable and trustworthy companies..... yes.... I'm pee'd off.

I'm voting definite NO!!!!
GL has screwed PIs once too often.

They SHOULD NOT NEED the extra money..... nor should they be given ANY leverage to raise further shares in the future.... full stop!

Sidtrack will take 50 days at best from start.... most likely 2 months. So don't be expecting any news on that producing anything this side of August.

As I see it, the SPA sum of £14,052,000 for fully purchasing their 49% stake relies on ANGS being able to fulfil the entire cash raise with Aleph. Part of this consists of the 2nd tranche of shares that definitely require shareholder approval.

I personally don't believe ANGS had to take this 100% purchase at this time as it raises too many concerns/disruptions etc. It represents an unacceptable risk of taking on 100% of the hedge at a time when flow rates and sidetrack results are thus far unknown.

So, I have every intention of declining approval. ANGS is better served short-term in maintaining its current position. Instead, GL and the BOD have taken an unnecessary risk and devestated the SP with unnecessary dilution.

I'm not happy with their decisions nor a MINIMUM 2 week slip... so much for any hope of GL redeeming himself.

P.S. I find it HIGHLY irregular that GPS, a major shareholder, should somehow know to sell up just prior to a major dilution event. Sounds utterly back-handed to me and I intend to vote against the additional 2nd tranche.

You can all make your own decisions, but GL deserves a smack in the face!!!

At this stageits not about when 1st gas is achieved. It's all about the market's perception of ANGS. And being late by a few days is 'realistic', but ANGS does have a reputatiton of not delivering and lets be honest..... if you say that something will happen in 3 months, its not like your trying to predict an event 10-15 years in the future. You should be able to be 'reasonably' close.

So, being a few days late is fine, but being 2-3 weeks lte isn't.

And, again, the issue is the sheer inability to add a simply update on Twitter. If I haven't heard anything by 3pm then I'll have to take a 'risk' and sell with a view to catching a dip. After all, it's all about Compounding profits which makes the biggest prize.

And I've got my eyes on another stock which I'm hoping is going to begin rising in the next 2-3 months so can't stay here forever :-(

I don't see much chance of breaching 1.5p at all, especially as there's been no further announcements from ANGS on Twitter regarding progress.

They should be able to report progress on the completion on the rig, if only to give a clearer idea of the anticipated completion date. It should be absolutely possible to predicate that at least?

If there's no updates today, it leaves everyone hanging over the weekend and puts us into the last week of May. Not really a good sign at the moment for achieving First gas by beginning of June.

I really want this to spike above 1.5 but concerned no news and delay is actually going to push the SP down below 1.35-1.325 gain. And so I'm stuck with the nagging feeling I should take what little profit I'm holding so I can buy back in lower.

Anyone got ANY news about progress????

I second Howey' vote :-)

JH: Don't be a Patronising W##$%.

I actually have over 4.5million shares.... how many do you have idiot.

The fact is that HITS clearly explains the situation.

I'm telling the truth just as HITS and others do as we are not only REAL investors but we have interllect and a professional approach to investment as well as giving 'impartial' advice.

So JH, you're filtered like the rest of your crew.
.as for me, I'll be retiring very soon :-)

JH: stop trying to avoismd the fact that any sidetrack revenue isn't going to be available for months (if at all).

Making a statement about futur 'yearly' income will not stop the SP being impacted if ANGS delay sidetrack revenue or even can't generate it.

The fact remains as HITS and others have clearly stated.... Any real Future revenue you are referring to is seriously affected by their ability to get the Sidetrack both Operating AND generating a good flow rate. And alk previous Sidetracks (in other directions) have flopped.

So I'll wait until ANGS get the sidetrack working and bringing in money thank you before deciding if the SP will so-call 'explode'.

Too many "rampers" on here are desparately trying to persuade others that it's all imminent etc.

Only first gas is 'imminent' and we don't know the sustainable flow rates yet. This flow rate will also give us a clue as to what sidetrack flow rate 'might' possibly be achievable if it works.

Sidetrack won't be producing anything until at least August/Sept.
People seem to have a 'skewed' interpretation of "when" the sidetrack will be available to generate revenue (if it does).

If you review George Lucan' statements in his last LSE video, he states VERY clearly that it will take at LEAST days to finish a Sidetrack from commencement. They're not planning to start untl mid June or into July.

So at best we are going to have to wait until Id say mid August + before ANGS can begin to exceed their estimated 1.5m therms.

So I don't see any real increased profit coming into ANGS pockets until at least Sept.

Of all the pictures and especially video ANGS could publish in the next few weeks, I reckon the most impactful will be a video of them doung a Flare Test.... (with gas from the connected well of course).

Here's hoping ANGS will publish a video as soon as they can.