Member Info for Crocqman

ovelot,
I unblocked Rastuss quickly just to check, and it was him. I did not read the post, but did check the posting history.
171 posts on this board in the last 30 days, almost double your effort of 94 posts (you seem to be always targetted as the most frequent poster here). 1 post on another board in that time.
At an average close to 6 posts a day here, it does make you wonder (but not for long as not worth the time or effort at the end of the day, hence back to 'green').

I would have to pick option 3 as the most likely factor on this too. Was trying to fathom out the wording from the RNS, but this does seem a short term opportunity for a cash injection with a longer-term liability. Shrewd cash management at this time with the current sourcing and acquisition of kit ?
I do not feel the cash position is as desperate as you seem to think though, HITS, but no one can be sure on that front.
I beleive we will be due Full year results within the next 6-7 weeks, which will be interesting to see, although investors would hope that funding will have been agreed sooner rather than later within this timeframe.

quiet too

HITS,
Given what you say about the Weald oil story, you have to wonder why ANGS bought another 10% of Brockham less than 3 weeks ago. Is it a case of sticking everything on red as far as this 'asset' is concerned?
Balcombe could be a surprise, but as I have posted before, I stayed put after Brockham for SF only. seeing it as an interesting proposition. Anything else would be a bonus for me.
I have added a few times in the past couple of months as things have progressed at SF (I would never have considered this even 6 months ago), and hope (expect) a decent, sustainable SP rise either on pipework connection at SF, Balcombe planning, or funding confirmation.
SP action after the GM on Monday will be interesting.
Good weekend all

Where's TH2 with his daily postings about 'ukog the mid cap oil and gas producer', or telling us that the 'well informed are loading up', or how about this classic from Wednesday; 'Back to 0.5p shortly with gaining sentiment and realisation of fundamental value of the enterprise'?
You have to give credit for trying.
Strange silence from such a regular and overtly positive poster since the RNS yesterday, and still no sign of the SP fireworks expected.
Remind me who the trolls are on this board again?

Positive Loxley and Turkey updates before year end, together with clear and understandable flow rates at HH are all needed before sentiment can be seen to be turning. This should then see trading volmes increasing to a level to move this SP north (imo).
Jan 2021 also requires a full and detailed operational update and drilling plan covering all assets. SS needs to front up, explain the plan and try to restore some confidence in his company and its prospects.

After expecting to be cashing in some profits here at the end of 2019 based on the operational and drilling plan released in Jan 2019, and being totally underwhelmed with progress over the past 2 years, I have set the end of Jan 2021 for signs of definite progress, a real change in comms, signs of real leadership, operational activity on several fronts and something to get behind. Too much to ask?
Last chance saloon
Good weekend all

"So ridiculous. Drmichaels must work on his Anger Management problem, then go to a good old fashioned movie with a friend! Chill Drmichaels , Chill!"

Hope that (pawn) wasn't a typo, reaction, but maybe Granny would also be happy if you put here into po*n !
:-)

ocelot,
The only thing I can suggest is that from that table, 13 weeks is 25/11 from the 'Valid date', whereas we have been looking at it from the 'submission' date in the Angus RNS. I'm guessing it takes a few days to review the application and validate it for official consideration?
The wording of the RNS does state:

"The application should be viewable on the WSCC portal in the next few days following validation.
West Sussex County Council have up to thirteen weeks to review the application before a recommendation must be made by the Planning Officer for or against the proposal".

The clock must start from 'validation', once WSCC are happy that the application is correct.
gla

Usually, the operational related RNS's from ukog will have a 'Stephen Sanderson CEO commented' addition after the update.
Is it telling that he has not added his wisdom to the detail provided, too embarrassed perhaps?

Well, I had no problem with any of the posts.
Don't necessarily agree with all comments here, but points made have mostly been respectful and worth consideration even if there is disagreement.
I have filtered all the ones that have nothing worthwhule to add here and note the reduction of green boxes of late

Based on comparable shares in issue, seeing as the 'old 11p' is probaly the equivalent of less than 4p today (mcap), then 8p very unlikely even in the medium term, despite what some on here may try to say, although even the most optimistic do not seem to be posting wild SP predictions these days.

Newer investors could make some money here with some good news, many LTH's though will have largely written off their investment here, but perhaps still maintain some faint hope that things may change for the better.
Loxley could be a catalyst for a bigger rise (0.30 plus) which may then see many relieved LTH's heading for the exit, I will certainly be considering crystalising some losses if that happens (I'm only 87% down with the rise today).
gla

Buying at the current levels is hardly coming 'late to the party' when the SP was more than 100% higher 6 months ago (220), circa 50% higher 7 weeks ago (149), and 25% higher just 3 weeks ago (132.5).

I hope they get more than £12 though, nt! :-)
A confirmation of funding RNS on Monday morning prior to the GM would certainly be a welcome sight

Different perspectives, that's all.
None of us know the real reason, hence the specuation and supposition.
Some choose to pick out the negatives, whilst others will look at the positives.
As someone posted the other day, it's hardly material at the end of the day, and not really worth the continued back and forth making the same points. There is no way to prove who is right, unless the bod make a further statement (which some will choose to disagree with anyway).

Just to highlight the issue of different perspectives further, HITS says the £58k loan instalment amount is a 'paltry sum', yet another poster is highlighting a 'large trade' from last night of £25k as if it is a significant sign and worthy of it's own thread.

gla

Tavernham,
The last IQ asks about long lead times. Full Q and A below.
Hopefully, this is something they will bring further clarity with their next update on SF, but Q1 for production is the schedule - a more specific timeframe may be forthcoming too, in due course.

Q: On the investor conference call you mentioned that long lead items can take up to 24 weeks to arrive. By my calculations this means that they will not arrive until the end of March and therefore we are unlikely to produce first gas in Q1.
Can you let me know if I am correct of if I have misunderstood and also can you elaborate on the lead-time for all of the different items that Saltfleetby will require. (Asked on 30 September 2020)

A: On average we are finding lead times to be around 14 weeks for more substantial items. There are however specialist, more highly engineered items or just simply components of packages which can take up to 24 weeks. The exercise we have been engaged in for the last month involves identifying these longest lead items and either replacing them with more easily sourced alternatives or separating them out from the remainder of the package and using the immediate financial resources we have to hand to ensure suppliers focus their efforts on manufacturing or re-engineering those parts alone. Incidentally this swapping in and out of parts is more difficult to do with a standard lease or hire purchase package than the more flexible equpment finance facility which we are proposing. All of this is done with a view to holding to the discipline of the overall timetable.

HITS,
Don't often agree with your view on ANGS, but my thinking similar on the final Riverfort instalment.
After several months of paying cash, why make the final instalment in shares? Seems a strange move at this time.
The fact that the RNS on this was some 8 business days late also a question mark.

Still feel that the SF works are progressing well, hopefully, the financing can be put to bed sooner rather than later

I see LSE has been playing up again.
If it's not the daily outages I've been seeing most mornings on the share chat function, it's seeing them show a 10% plus rise on the SP here, only to see a few minutes later that it has actually dropped and never been above the open.

Looking like it is the funding that will be key in seeing this move North again. The source and the arrangement will certainly be interesting.

I believe we are around 2 weeks from the Balcombe planning application update from WSCC. Will this be the next news, or will it be news on funding, or a further update on the SF works?
GM next Monday. Odds for an RNS before then on one of the latter options?

I will ignore their SP predictions (just like pretty much all other broker SP targets), but I will take an interest in any of their commentary, and view it's worth alongside any other relevant published info.

I posted on the update yesterday that I would take Zeus' 68p SP target with a pinch of salt.
What is interesting though, is that Zeus are not one of AFC's nominated brokers, so their view does add a little more weight (for me) when analysing the company, than other AIM companies that have no broker coverage other than their own lead broker who is the only one giving SP targets.
This is a sector that will only receive more interest and funding over the coming few years, so regardless of the past, this does look to be a prime time to be invested. Time will tell if we have backed the right horse though, but things do look promising (how many times has that been said on any AIM board?).
gla

From the 8th October RNS as a guide to the work schedule:

Contractors have already begun exploratory works and the principal heavy works are expected to be concluded by the 6th of November followed by tie-in of the 'Golden Weld' to National Grid. This is the point where the newly laid pipeline (an Angus asset) is connected to the National Grid owned infrastructure. Backfilling of testing and access pits is also expected to be completed during the remainder of November.