Member Info for Crocqman

Have read on a few other boards about rising gas prices (not unexpected due to time of year, demand, etc).
Will this have a material impact on projections for earnings (low, mid, high, etc)?
If I am reading correctly (ICE futures), the average contract price over the next 5 quarters is around 41p which looks to be at the high end of the CPR figures.
Would the off-take agreement be based on a discount to volumes being supplied, and set at the quarterly futures price at a given point in time, or based on an average?
Not sure if I have seen this detailed, so apologies if this is freely available
tks

I like how the intro blurb is exactly the same for both roles (and pretty much the same for the responsibilities too). They could have at least changed the words around a bit to effectively say the same thing, rather than just copy and paste exactly the same thing! Smacks of a lazy approach on the HR front.
All companies these days are looking for dynamic professionals. I certainly wouldn't get too far in todays' dynamic world, and would be lucky to get an interview with my stale looking CV. Thankfully, I'm past the job-seeking stage

Good luck, Yanis.
Nowhere close to a holding similar to yours, but increased confidence these past 6 months have led me to average down from circa 4.5p to sub 1.5p.
Had originally hoped to exit by year end, but happy now to wait for SF to come to fruition, with anything else positive in the meantime to increase the SP a bonus for me.

Rough translation. It talks about 5 factors for consideration, but only details 3. It looks like you have to sign up to their newsletter for the full article

On the London Stock Exchange, Afc Energy is listed at 18 GBP as of 10/10/2020, 02:00. Afc Energy is part of the Electrical Components and Equipment segment.

We analyzed the outlook for Afc Energy using 5 major categories. For each category, the share receives a partial valuation. The results lead to the classification as "Buy", "Hold" or "Sell" in an overall view.

1. Industry comparison share price: Afc Energy achieved a performance of 308.6 percent in the past 12 months. Similar shares in the "electrical equipment" industry rose 4.34 percent on average, outperforming a market-high of +304.26 percent for Afc Energy. The "industry" sector had a median yield of 1.76 percent last year. Afc Energy was 306.85 percent above this average. Overperformance in both areas results in a "buy" rating in this category.

2. Investors: In addition to the hard factors such as balance sheet data, stock prices can also be assessed by soft factors such as sentiment. Our analysts looked at Afc Energy on social platforms and measured that the comments or findings were overwhelmingly positive. In addition, the social media users around Afc Energy have taken up positive topics in the past one to two days. This gives the stock the "buy" rating for this consideration. This leads the editorial board to the conclusion that Afc Energy must be classified as a "buy" in terms of mood.

3. Relative Strength Index: A well-known means from technical analysis to estimate whether a title is currently "overbought" or "oversold" is the Relative Strength Index (RSI). This puts price movements in relation over time. We look at the RSI on a 7-day and 25-day basis for Afc Energy. Let's start with the 7-day RSI, which currently stands at 41.6 points. This means that Afc Energy is not currently overbought or sold. The stock is therefore classified as a "hold". What about the 25-day RSI? Again, Afc Energy is neither overbought nor sold (value: 57.59), so the stock also receives a "hold" rating for the RSI25. Afc Energy is thus rated "Hold" for this point of our analysis.

Dw,
I don't believe that they would have released any price sensitive info in the presentation, it is just poor communication to shareholders re: sharing the presentation with investors.
It certainly does not help with investor confidence.
I am less likely to hold for the long term if they do not make updates, or presentations like this available to their shareholders, or answer basic questions sent to thier official contact details.
AIM is rife with companies where management will use shareholders to grow the business, but keep them in the dark when it comes to letting them know what is going on (unless it suits them)

Agree chippyjo,
Not replying to a simple query asking if a presentation will be made available on the website though is pretty poor, imo.
A simple yes, no, or soon acknowledgement does not take a lot of effort, or put anyone at risk of divulging something they shouldn't

Thanks Morbox.
Still don't understand the rules fully, but get the gist of requirements.
My take too is that it's more likely the requirement from their initial bid rather than from any oncreased offer.
Waiting for some noise from the large shareholders.
Good weekend all

Tks.
From what I can make out, the Caesars 'Form 8' was included as part of the formal offer document released on 30/09 folowing the original RNS notification on 25/09 that WMH had received formal offers from both parties.
I wonder if this disclosure is a delayed one following their initial bid, or if this is related to a new bid - not entirely sure the regulatory requirements under the Takeover Code.
More speculation over the weekend, if no firm update later today?

Apologies guys, which RNS are you referring to?
Is it the Form 8 (OPD) from Apollo from this am?
tks

LSE,
I don't think people have forgotten the 'additional 4 wells at HH'.
The problem is that the 2019/20 Strategy and Drilling plan (Jan 2019 RNS), stated that these would be drilled in 2019/20 and would be producing over 2000 bopd.
SS has been pretty silent on progress here since.

Investors should have a read back of the Jan 2019 RNS, it makes very interesting reading comparing actual activity completed vs proposed activity (not just at HH, but also drilling planned at Arreton, Godley Bridge and Broadford Bridge all expected in 2020).
Perhaps the 'diehards' if they re-read this RNS would perhaps understand why LTH's are unhappy with SS and activity seen, rather than dismissing everything outright as being the deramping ramblings of swampies and trolls.
Yes, delays and problems can be expected, but near total silence for over 1.5 years, more fundraising and a new venture into Turkey needs to be explained to shareholders so that they have an idea of a plan, if there is such a thing here.
gla

I think they would have made start on the work anyway, but it is a other step in the right direction, for sure.
gla

Nice update
gla

We have heard nothing from the large shareholders to date, so far as I am aware.
Perhaps they are still taking up positions and looking to speak to the company before showing their hand?
I too can see a counter-bid, but not close to the 400p I was hoping for. Perhaps 10% to 20% higher seems more likely for any increased offer, so maybe in the 310 to 325p range.
I will continue to hold for now, the SP seems have settled at a fairly stable (but small) premium to the current bid
gla

Nothing to do with ukog

No, I am saying that the leak may have meant the need to go back to the drawing board for a revised look at the placing price.
In both cases, there was a reasonable delay from when the the leak occured, causing the SP drop, and when the actual placing was announcement.
It could be argued that the placing price had to be revisited in order to get market appetite following the droop, and at a greater discount than was originally hoped for.
All speculation, I know. Just my thoughts

I am not sure it is true that the SP would be where it is now, leaked or not.
That is twice in a year there has ben a circa 50% drop in SP prior to a placing. You could argue that without leaks, the placings COULD both have been completed at closer to 0.25p and still have been over-subscribed.
One of the issues has been the long delay from the original drill to getting to where we are now.

Talking about this is not a waste of time, as many investors clearly have similar thoughts, and it is perfectly reasonable to expect some kind of statement from the company in light of what has happened.

As that does not seem to be forthcomig though, I, for one, will suck it up (again) and look forward to the upcoming activities, and hope we can get back to what many see as a more realistic SP.
Trust has been broken between DB and many shareholders now, and I can see many leaving for good on the next decent rise which will be a shame as a lot of people have been here a long time
gla

Brocal,
I think most people would accept that a leak COULD have happened again if DB had used a new broker, the problem is that it DID happen again using the old broker.
DB suggested that he knew the source of the leak last time, and if it was the broker action should have been taken, either by DB sacking the broker and finding a new one, or by him demanding that the broker take action to ensure no leaks occur again.
We do not know if any action was taken, it might just have been a DB 'friendly chat' and him taking it on trust that it would not happen again. If so, that is unacceptable now given the 2nd leak, as there has clearly been another failing and most likely from the same source.
The very minimum DB should do here (imo) is change the broker.
I agree that it is entirely appropriate for shareholders to articulate this in a way so as not to be abusive to DB though.
It also appears to me that he needs someone of stronger character to help him through the minefiled of AIM regulation and Corporate activity, the broker/nomad have demonstrated that they are not up to the job

Disagree that ANGS is going down the same route as UKOG.
Different method of financing being arranged on an asset that is previously proven.
Still risks, of course, but ANGS appear to have a plan, and a good chance of succes at SF, UKOG on the other hand (imo) do not seem to have a clear strategy that anyone can understand, or get behind, and is still very high risk.
I am invested in both btw (but was expecting to see profits from UKOG by Q4 2019 based on their Jan 2019 drilling plan).
ANGS seems a reasonable short term bet, UKOG likely to be a long term play for the (long-suffereing) and extremenly patient LTH's (although both could represent an opportunity for new investors at current SP levels).
Risk vs reward, as ever on AIM
gla

I think it has been clear for a while now that SS does not care about the SP.
The rise prior to Loxley was surprising, and with hindsight, many would have taken an SP close to 0.40 just to move on from here, and would do again.
Too many plates spinning at present to see what the real focus is.
I suspect Turkey is marked as the saviour of ukog by SS, despite any noises he may make to the contrary on other prospects.
Like mamy, I am locked in, not worth crystallising losses at this level, and hopeful that something will come good over a year after I was expecting to see some reasonable gains from my ivestmen. Instead the SP is some 90% lower with millions more shares in issue and the likelihood that there will be more in early 2021

Hopefully, the tide will turn soon regarding the SP.
We have plenty of background info and agreements in place, but, like many AIM shares, it is action now that will move this SP forward (or possibly firm news on the financing).
Good weekend all