Member Info for CanaryInTheMine

Positive general RNS but we are still waiting for meaningful updates on the ChemX technology.

That sounds exciting Sarah - I hope you are right. Obviously, you appreciate that I will take your info with a pinch of salt for the moment, but if you are proved correct on this then hopefully your husband's uncle will prove an invaluable source of information for us here in the future, should you wish to continue to share. Time will tell, but fingers crossed.

But HITS, you yourself have pointed out on many occasions that a new loan would be necessary simply due to the way the loan repayments are falling. It is not a question of Angus not being solvent for the money over the course of the year, it is simply that there is a large chunk due imminently. As we have both agreed in the past, the revenue over the course of the rest of the year, especially as we approach winter prices, will be more than enough to secure a £6 million loan now, most probably at far more reasonable terms than in the past. It is not letting the cat out of the bag at all as we all knew that this was the case.

It's important to consider another aspect related to the bank seizure. It wasn't simply a matter of Zenith approaching the bank and requesting the seizure of Etaps' money. The fact is, Zenith had to obtain a court order in order to proceed with the seizure. Therefore, Zenith has already convincingly proven to at least one court that they possess substantial and well-founded grounds. otherwise, the court would not have granted such an order.

So I guess that makes it about 80% fact.

If it is true that WG818 is trolling this board for a hobby, it is a pretty pathetic hobby to have. He must have lost an enormous amount of money on Angus back in the old days to still be doing it. Just saying.

Why do you think that Thursday is a day that we will be informed of anything?

It is not a fact as any court case or arbitration is not a fact until the judge rules. But since the Tunisian government have been preventing Zenith selling oil that was legally produced under their license and is therefore Zenith’s oil it is a pretty open and shut case. The fact that no win no fee lawyers are representing Zenith for this is good too as they only do this work if they think that they are more than 80% likely to win the case.

Excellent news. It looks like Zenith have already won the first round of the battle against the Tunisian government and this seizure of assets puts them in a very strong position for the upcoming arbitration. Hopefully there are more seizures on the way, but things are definitely looking good now.

Nothing wrong with having confidence in your investment.

Ajmalkhuram, that is a very good question but they won't answer it. I have asked the same question before and all that happens is that they and say that asking if they own shares in the company is a personal attack on them and then get abusive. I t is a waste of time, but I think it probably tells you everything that you need to know about their real motivations though.

It is silly to suggest that all Angus do is sit on Saltfleetby and drain it to the ground. All companies need to acquire new assets in order to continue to grow and deliver profits to shareholders and Angus are no different. Once they get the initial debt paid down at Saltfleetby they will be in a brilliant position for any small-cap company to utilise the cash-flow from Saltfleetby to and service debt that they then use to acquire and develop further assets. It does not really matter what these assets are as long as the management has the experience to develop them and they look like they can be profitable. If you don't grow you die. Good assets can also be found in the strangest places and for the strangest prices. After all Saltfleetby was dismissed for years as Poundland by many.

Joey has only been on this board for about a month, and when he first arrived he freely admitted that when he first arrived he had absolutely no idea about anything that Clontarf did. Yes, he has been loud and entertaining since then, but he is hardly the font of all knowledge on this share. The problem is, with the volume of shares traded here on a good day and the regular movements up and down on rumours, this is always going to be a bit of a paradise for the pump gangs.

Clontarf and Next ChemX are moving pretty quickly as far as developing new technology goes.. We cannot expect any significant news until the pilot plant is ready and the brines are there for testing. This is the key point when the technology will either be proved to work or not work. From everything we have been told and from the track record of the ChemX board and staff they know that it works in the lab and they are just waiting to test at scale but we will not know for 100% certain if this is industry-changing technology until this testing is done.

It’s the same old faces making the same old points, that the company has issued more shares over a decade. This is hardly a shock, that is what small cap companies do as they search out new assets. The US deal is a sensible one, it will pay for itself in a year and it is paid for half in shares. This is all sound dealmaking, but some on here will never be satisfied until Zenith is delisted and all because they lost money here at hyped prices in the past.

It seems that the old school haters and derampers are still out in force here. Why can you not let the past be in the past and look towards the future which is very bright?

And I'm pretty sure that the interims are much more trustworthy than WGP's made up calculations. Just saying...

Actually, in 2017 the peak Angus price was about 35p in September that year. But it was all hope and expectation about what a successful drill at Brockham could be worth based on UKOG's Horse Hill first drill. It was nothing but hype and shareholders dreams and it gave them a market cap of about £70 million. Now they have just issued their interim report showing gas sales in excess of £15 million and the market cap is £34 million. I know which version of the company I would rather be invested in. As I keep pointing out, past failures do not prevent future successes and the same is likely to be true of Zenith. All of the 11p in the past was just shareholder hype and BS just like Angus but with all the different asset acquisitions that they are currently working on the share price is going to go up significantly from here.

You mocked it and said it would never be worth anything and the company would be a total failure. Now you are reduced to arguing about how much they should have spent on a compressor as they generate millions each month. For years you have not got anything right on this board. Maybe time to give up?

On 31st March 2017 Angus Energy had 205 million shares in issue. Today they have 3.6 billion. They are also now the largest onshore gas producer in the UK. There were plenty there who claimed, just like you do here, that the company were a disaster and the Saltfleetby asset that they bought for £1 was a joke. But it turns out that they were the joke. Like I said earlier, don't look to the past, look to the future.