Member Info for Crocqman

Plenty of extreme views to the disappointment today.
To be expected.
Not surprised really on the decision, the market seemed to be reflecting the likelihood throughout the meeting.
Obviously, as investors, the biased view is the norm, but some realism is needed.

Where does ukog go from here?
SS has not been steering this sinking ship for a few years now.
The company approach seems random and based on chance rather than a focused strategy which needs to change.
The posters (all no longer here) that rejoiced at SS buying up extra acreage at cheap prices, suggesting it was shrewd managmen,t have been proven to be wrong over time.
SS has been trying to walk before he can run and been found wanting.
Excuses like covid, planning issues, etc just don't wash anymore.
The SP is a true reflection of the mess ukog is in just now.
We need SS to speak up and give us a realistic plan for the next 12-24 months.
Can anyone seriously think investors would get behind another placing, which many think will be needed?
I fear we are looking at another case of the so-called 'death spiral' financing just to proceed with Turkey.
No more pie in the sky, SS. What is the plan?
Good weekend all

Anyone planning on calling in to the live webcast?
It's a bit early for me!

Tks Helpful.
It looks like the weather has at least been kind to them whilst doing these works.
Much talk beforehand of flooding possibilities at this time of year, but all loos good from the various pictures seen over the past few weeks.
gla

It must be something at your end, Deepete. Just in. clicked on link and straight onto meeting

Just for some perspective on these rumours (apologies, not read the whole history of the various threads).

If (IF) therre was to be a bid, I beleive that under UK stock markets rules the bid must be at the minimum level of the SP high achieved over the past 52 weeks (i.e. 220p currently).
Happy to be corrected on this though.
Not sure if any adjustment needs to be made to take any change of shares in issue into consideration though.

I won't read back through today's posting history to check if there is any substance to all this, but just adding this for some reference to any figures being posted.
gla

SCC could also counterclaim with evidence of how much ukog DO actually produce, compared to the CPR !!

I posted similar a couple of weeks back, Gallifreyan.
Rastuss posts were almost 2:1 vs ocelot.

As of 07/11:
Rastuss: 171 posts on this board in the last 30 days (nowhere else), almost double ocelot's effort of 94 posts here (multiple posts on other boards).

Not bad for someone who is not invested, has no intention of investing here, but apparently has no agenda (and never answers direct questions as to why he is really here).
Judging by his previous history from when he started his 'campaign' here arriving back in in May, he commented only on boards connected to all of the ANGS Directors.
He posted on NMC (Clanwilliam) a lot (before the crash) and also a shell company (along with Alan) where both GL and JT-P were Directors) (also always negative, and usually with 'snidey' personal remarks against these 3 people).
I still think it is personal for him, but as he declines to comment, we can only speculate.
Wealdpwr will stick to his (un)biased opinion though as he has been making this childish 'postalot' comment for well over a year now.

Anyway, back to ANGS (before this gets deleted) .... Still no RNS

Not sure how often it gets updated, but the WSCC website is still showing the current status as 'Application Pending a Decision'.

I note this from the Gov.UK site regarding the time periods for determining a planning application:
Where a planning application takes longer than the statutory period to decide, and an extended period has not been agreed with the applicant, the government’s policy is that the decision should be made within 26 weeks at most in order to comply with the ‘planning guarantee’.

Presumably, we would need an RNS update whether an extended period has been agreed, or not?
Potential that this decision could be a further 13 weeks away? Surely, we should hear something by the weekend, regardless as the deadline has passed?
gla

Just to add a bit more here.
A company is only in a 'closed period' for the 30 day period leading up to their Annual and half-yearly accounts announcement, so for 60 days per year.
For some reason, posters on other boards seem convinced that a company can be regularly in a closed period, and on one board, the ceo not being personally invested was somehow due to him having been in a closed period for well over 2 years!
There are always exceptions too for trading, even during a closed period.

Market Sensitive news must be announced at the earliest possible opportunity, it cannot be held back for any reason.
Any Director would need to get internal authorisation to trade too, whether in a closed period, or not, and this would need to be approved within the company for compliance and transparency purposes - usually with them signing a disclaimer to say that they are not aware of any material public information.
Of course, compliance/adherence (and awareness) of these rules may differ from company to company (not trying to suggest anything by this, but many posters take the view that AIM companies play be different rules).
gla

From the 12/08 RNS:
Angus Energy (AIM: ANGS) is pleased to announce that its' wholly owned subsidiary, Angus Energy
Weald Basin No. 3 Limited has entered into an off-take agreement for the entire production from the
Saltfleetby Gas Field with Shell Energy Europe Limited, a division of Royal Dutch Shell plc. The terms of
the agreement are in line with the assumptions used in our CPR and we are pleased to have such a
robust partner for gas sales.
George Lucan, Managing Director: 'We are pleased to have signed this agreement with Shell Energy
which will cover all of the gas produced from Saltfleetby'.

I've just had a look at the official LSE site, and they do show daily trades, but only for the last 31 trading days by the look of it.

The highest daily trade day is showing as a (rounded) 1.37k trades on 18/11, which coincided with the highest volume day in the same period (22.7m).
So, we have had more trades so far today, but on a lower volume.
There is also a monthly trades figure, which has figured for the last 12 months. The 1 month high volume period in July resulted in 13.66k trades over the month.
Interesting to compare both the daily and monthly figures from these vs today. Suggests increasing PI interest here, perhaps?
gla

It's the volume of shares, rather than the number of trades that I would look at.
All daily volumes since 16/11 have been significantly higher than of late, and not seen since the previous month-long spell of good daily volumes seen in June/July (01/09 aside).
3.5 months of smallish volume before the latest rise.
All looking good

Not such a crazy idea, but it can and does happen, albeit usually via their broker unless they get direct client contact.

It is certainly more common in the Bond markets, where traders will put out feelers for a large buyer/seller. They will ask other counterparts to make a 'bid' on a toal number of shares on offer (they will not advertise if this is to sell or buy so as to not influence the market) to see if they get an acceptable price for a deal on all or part of the position.

Agree partly on the last para with regard to being seen to be going through the motions.
But, it seems to have slipped under the radar a little, the new tab on the website 'Transition & ESG' could give some clues as to potential plans for the future, and should not be dismissed lightly
Hydrogen and carbon capture at SF is mentioned. Hydrogen is a potentially massive sector with a lot of investment heading this way, and the Humber is a key area in this regard, so strategically, this could be beneficial to ANGS.

Plus there is the mention of repurposing onshore hydrocarbon wells for the production and storage of geothermal energy.
A possible attractive and alternative use for Brockham and Balcombe - I think these should still be considered assets with this potential alternative use, distraction or not, and it would be interesting to see ANGS provide more detail in time on this, although it may hinge on the various permissions.

Is that a '2' that I see at the front of the SP?
Shame the decimal point is in the wrong place still for many LTH's, but it seems a familiar pattern is taking place ahead of Loxley. Speculative investors getting in ahead of any decision.
How high will it go this time pre-meeting?

Hits,
As I keep saying, I only stayed here after Brockham for SF.
Perhaps the permissions on the other 'assets' makes them more saleable, if that is the plan. Surely they are worth more with permissions, than without?
Focus should definitely be on SF to bring this into production, and they alluded to this in a response to an IQ on 30 September.
The 29 September investor presentation suggests a timeleine of SF in Q1, Balcombe in Q2 (subject to approvals), and also that if Brockham (EA and OGA) permissions are not forthcoming, they will look to abandon, so it looks like little to distract from SF in the short term.
gla

Sentiment is huge with AIM shares, imo, along with trading volume as good market indicators, especially in companies where it is difficult to value them due to their stage in deveolpment.
Great to see this pass 30p yesterday. Certainly didn't expect it so soon, despite the recent rises here.
Great that it is also holding above, and going higher too. I would expect a pause at some point though.
Hopefully, with all that we are hoping for in 2021, the recent company specific news and the spotlight turning onto this sector, this can maintain a new trading range at this level, or above, leaving the teens and 20's behind.
Holding with a 20.7 average.
AFC has just taken top spot as my largest single shareholding, based on intra-day prices.
gla

Funny how one poster still has their (filtered) posts here, but loads of other comments have gone.
Hmm, Perhaps I should unfilter and start reporting all the repetitive and disruptive posts, rather than just ignore them.

What time do you think news will land?
Interesting day ahead
gla

Don't get me wrong, I have no issue with sustainability, good community relations/projects, etc and it's promising to see big companies showing a commitment to their envirnomental impact (although a cynic might say this is also down to government policy and a greater public focus in the greener economy being driving factors too).

The likes of Shell, BP, big Pharma and the airline industry (amongst others), you could understand this type of statement more, although I still don't think the results announcement would be the right place.
I just think it strange that a water company would be trumpeting these measures when you would expect this to be part and parcel of their business strategy already. There could have just been a short paragraph on all this with a link to the website for further information. It just seems a bit of a deflection exercise.

Anyway, moan over. Disappointing day (for the SP). Hopefully there will be some concrete news to cheer soon.
Apologies if my comments seem a bit harsh.

This was an oft-repeated word throughout much of the update today.
The SP does not seem to have taken note, currently.

Reading through all the blurb, you could be forgiven for thinking this was a community-run project.
Whilst some of the aims should be applauded, and I get the sentiment, there seems to be an over-emphasis on the green/sustainability/community aspects vs the core business (although they do go hand in hand in this day and age, more than ever).
Seems a little odd for a company results announcement to have so much focus on these areas. I would have thought these are things that should be reported separately and championed on the company website, rather than here.
It's not as if every other company doesn't have similar recognition and suitable sustainability policies these days too, it is pretty much the 'norm'.

I agree that something like a special dividend may not have gone well in the public domain at this time.
Maybe all options are still being considered re: the remaining Viridor money.
Hoped for a bit more from this update and the market did too, it seems.
gla