Member Info for ChasPB

I thought the Placing was mentioned as being in H2 2019

16:46 1M BUY @ 3.94 being reported.

Somebody has confidence (better than 4.25 in the Open Offer Placing coming up)

Thanks Pboo and Adrian.

Cant be much fun on a miserable day like today, so your efforts much appreciated.

With the site so busy it should be an informative RNS whenever it arrives.

UK Regulatory and Reach announcements are released between 7.00am and 6.30pm Monday to Friday.

Anybody know is there Anything happening on BROCKHAM site today?

But I believe that when we go into production, the wells can still produce throughout the weekend and flow into the Storage tanks awaiting collection on Mondays..

The flows are controlled and can be monitored off-site?

And maybe ANGUS could be the Brockham Buyers of Albas 5% interest ???

Also as Monday 6th is not a "Religious" Bank holiday, could Angus be working that day???

Tax Losses: - Is this something we can use in the future?

The Group has incurred indefinitely available tax losses of £14,796,000 (2017: £10,413,000) to carry forward against future taxable income of the subsidiaries in which the losses arose

Page 50 of: http://www.angusenergy.co.uk/wp-content/uploads/2019/03/13C_Annual-Report-2017-2018website.pdf

Yes, agreed. A few of PV videos were $25 all in costs.

I also remember some of our OIL experts on here saying that you can still Pump Oil into your Storage tanks over a weekend, ready for transportation on Mondays.

Financing (or Placing) will be H2 2019, can see the SP trading in the £6 - £7 range for the next few months.

Placing price (to make it a success my guess will be £6.) is the Shadow hanging over this Share.

However some "Stop losses" and Shorters buying back in may give this share some support later today

16.42 - Buy of: 1,000,000 @ 4.30p = £43,000

Tidswell (Twitter - Feb 4th)

" I have more invested than anybody. Worked offshore 10 years to save enough to start Angus.
Not seeing anybody else screwed out of a penny."

Just to remind all the Doubters/DeRampers what has recently been told to us.

Apr 24 - JTP Twitter message:

To let you all know the order of operations changed. We decided to re-perf first then isolate the water, makes more sense. " Operations going well, safely and on budget"

Apr 24 - Angus Energy Twitter

" ... the first stage of re-perforating at Brockham has been completed with positive surface pressure observed"

Apr 25 - Angus Energy - RNS

The work programme at Brockham is proceeding as per the schedule described in our 3 April 2019 announcement which allocated 19 working days for this stage of the programme. Work is still expected to complete, as scheduled on Tuesday 7th May..

Lets wait for next weeks news, hopefully its positive, the SP rises 6p+, we all take up our Share Entitlements from the next placing, and finally start to show a profit on part of our holdings

GLALTH

Would be nice to get a little more detail on spending allocation re this new financing round.

The January RNS advised, "Fund capital expenditures for the future development of the Balcombe Field Discovery"

So is this (January funds) still available to Angus? or has it been spent elsewhere (and now being replenished)?

Can't wait for the Shareholders forum to be set up!!!

GLALTH

" ..Reasons for the Placing and Open Offer

The funds raised are to be applied, after provision for general working capital, approximately equally to support ongoing works at the Company's Brockham asset, forthcoming works at the Company's Balcombe asset, a seismic overview of the Company's Lidsey asset and ..."

So if some of these funds are to be allocated to Brockham and Balcombe, do our Partners pay their proporption of these new costs also?

for Brockham we own 65% + Operatorship
for Balcombe we own 25% + Operatorship

" ..Once the news of successful water isolate is announced, the price will be over 6p.Therefore, the bad news of the placing is now announced..."

Yep Mr008 I'll take that.

Announce Phase 1 successful, SP rises to 6p - 6.5p, then announce the terms of placing to existing Shareholders @ 4.25p the next day.

Also interesting that some these monies to be used for ongoing work at Brockham (More wells maybe?)

Can’t believe they didn’t wait 10 days, advise that Stage 1 at Brockham was successful, watch the SP rise to say 7p-8p and place at 6p.

Or was their hand forced by this news leaking out?

Remember, the group only have 11 employees, and we were previously told that the office may be unattended at various times throughout the day. Most staff out on Site('s), so cant answer the phone or update Twitter as PI's would like.

So we all need to have a little more patience

gell - You had an RNS on Thursday evening, You've had various Twitter updates over the last 3 weeks.

They need to spend time sorting out the Water issues not continuely tapping things out on a keyboard.

You have been advised that next phase deadline is around 7th May, just be patience until then.

Alan, is this what you are referring to?

Think this is the last I've read on Balcombe

26th February

Angus Energy is pleased to announce that an application will be submitted to West Sussex County Council and other regulators for long term well testing of the horizontal well,

Balcombe-2z. The more limited operations originally proposed at Balcombe have been suspended whilst the Company prepares a planning application for an extended production test at the Balcombe field which shall be submitted as early as practicable subject to the approval of our partners in the Licence. The Company intends to apply and plan for a long term production test for a minimum of 150 days, and also for further extended long term production testing of a minimum of 24 months if granted. It is intended to keep a dialogue with all regulators throughout the preparation of the planning application to ensure that any regulatory delays in the future are
minimised, and the Company can move to well testing as soon as approvals are granted.