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ANGUS Energy (ANGS) is my selection. Up to 37p on Hype/Potential +MD saying it was the "Star Wars" of the Oil Industry, Could only get Sludge out of the ground, company couldn't separate the water from the Oil etc, etc, SP dropped to 0.006p. now 4 years later about to produce GAS and have now got permission to revisit their Oil fields problems in Surrey, SP now 0.014p, but new management is resurrecting this company. (Neighbour to UKOG)
But LTH have suffered
Cost to produce a Barrel of Oil?
Thought somebody mentioned $62 approx, and got all excited when we announced our Major discovery on 10th Jan as Oil was at $76, thinking $14 profir per Barrel.
Now $105, is this currently a $43 profit to come into calculations?
or is there more toconsider?
2 X OIL TANKER a day is 436 bopd X $110 = $47,960 a day X 365 = $17,505,400 a year.
So you seem to have doubled the daily limt of HGV movements to 4 (2 In + 2 Out)
But as you then state:
"no HGV movements to or from the site shall take place except between the hours of 0700 - 0800, 0900 - 1530, and 1800 - 1900 on Monday to Friday and 0800 - 1300 on Saturday,"
so, first of all, there is No movements allowed on Sundays, so you need to reduce your 365 day calculation above by 1/7th (for 52 sundays), or $2.5m
and in case your visiting the site HGV's are allowed after 9.00 a.m., but before 14:30, to avoid school runs.
GLALTH
"If he is right Angus could be looking at $20 million a year from Brockham alone in oil sales revenue.imho."
Gideons - you should come with a government health warning
New Investors - Please do your own research (do not get persuaded just by comments on this BB)
Please explain your 20M Calculation, when you know we are LIMITED to 1 HGV tanker (max size 218 barrels) In and Out. per day
Surrey County Council in todays meeting advised that you were only allowed 2 HGV movements per day, i'm assuming 1 in and 1 out?
A Petrol/Oil HGV lorry can hold up to 218 Barrels of Fuel, so how does this affect production targets if you cannot move any excess off site?
And Not allowed any HGV's on a Sunday?
The chairman i'm sure doesnt like Angus energy, I seem to remember him delivering a scolding to them when delivering the councils verdict 3/4 years ago.
Have to win over the locals and their representatives, think this will be a close vote
Didi888 / ValJu / B2HS2L
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