Member Info for Crocqman

Good day to you all :-)

Sounds like it will be a full operational update on all fronts. Hoping to see continued progress with all current activities, but main interest for me is a Saltfleetby update. Hoping they will give an updated timeframe of events here which is not too out of kilter with previous timeframes, as well as progress to date

Sorry Wolf, but I'm not going to answer your question again. As I have said several times now, there's no point.

As I have constantly maintained on here, I am here still for Salfleetby where I see the best chance to recoup my paper losses. Good, or bad. No other reason.
Good luck all

I did answer the post, Wolf.
At length.
I even ran out of characters doing so which made me decide not to post another lengthy follow up to another poster.

At the end of the day, what's the point? It is clear to everyone here what side of the fence various posters sit and that they are not willing to accept an alternative opinion to their own, so any semblance of debate just turns into point scoring, mud slinging and accusations of dodging the question.
Your last sentence is a perfect example of just how pointless this particular 'subject' is (imo). You have made your mind up and answered your own question, and are not willing to accept any alternative view.

Shame, there was some decent content amongst a lot of the usual.
I had written a long reply to YL in response to his last message to me, but decided against sending as it was starting to get further off-topic and more personal re: views on certain posters (old and new) which was just a variation on the existing well-worn arguments.

Oh well. Back to Angus....

Can only see posts up to 4:30pm yesterday.
LSE glitch, or threads removed?
Other boards seem ok

Great to see some good news and a chunky rise today.
With the Saltfleetby CPR RNS, we lost all the gain over the next 2 days, so hopefully we can maintain a SP at this level, or higher.
gla

I welcome a couple of new posters, hopefully we'll see a different perspective and some more balanced views, rather than the 2 extremes often seen here which are repeated ad infinitum.
As for any agendas, I'm sure we will see in time why they are posting, just like they will see from the 6 or so more frequent posters here, 3 of which I am pretty certain will tag a label on them based on their first couple of posts.

I think Angus have done reasonably well sticking to timeframes when things have been in their control, but a lot of things are not, and in O&G time slippage is not uncommon (just look at ukog who in Jan 2019 were expecting to have drilled 6 wells by the end of Q2 2020, from memory). My hopes for Saltfleetby may be overoptimistic, time-wise, but that is why I have stayed invested, for the potential there, and I have hopes towards the lower end of the scale that Angus have suggested which will recoup a decent chunk of my paper losses.

I think brian's last post has hit the nail on the head, and I have tried to put this across before. The 'newbies' are doing exactly this, looking at what's in front of them (but being mindful of the past), the 'oldies' are projecting the past onto all future activities and use JT-P as their 'proof' that nothing has changed, and never will.
Hence, why this is still high risk, but with potential for decent reward from the current levels, athough I was also saying that at 1p :-)

Jelly,
As an LTH, I am still holding for Saltfleetby too. Think this is the best chance to recoup some losses. Not expecting much to happen re: Balcombe (sorry Brian).
Was looking at August onwards for activity at Saltfleetby, others think Q4 earliest, or even next year, will have to see.
I see a different focus, others just see the same old.
Good luck to both.

ponieexpress,
Sadly, we were also hearing this at the back end of 2018 though when 2019 was supposed to be ukog's year, 6 wells coming plus other sites too, etc.
Hope we are not still reading '3 years' this time next year, but it could well be Q3 before we see more positive signs.
Plenty of reasons to hold still, but timelines are not ukog's strongpoint, even taking into consideration factors outside their control, and even the most ardent supporters are starting to question certain aspects here

Morning everyone, hope all safe and well.
Interesting thread, as always ;-)
According to wealdpwr's post last night, "YL brings legitimate facts, ideas and analysis to the table".
In that case, I would like to challenge his 'fact' that when he disappeared before, the board "was filled with "Tidswell approved" sales messages from the Anguish Energy PR division in order to help RiverFort convert their Death Spiral Finance by luring in new unsuspecting investors".
Is there any evidence to back up this fact?

I think most here realise that there is not much going on here at present and that the majority of posting is just going round in circles revisiting the same arguments of the last 6 months.
I like the one where JT-P is simultaneously in charge and pulling the strings, whilst doing nothing and drawing a salary. Is that an update on Schrodinger's Cat? Maybe an apt description of Angus at present

YA,
How does a man get his haircut on the moon? Eclipse it

YL,
"Back in THE REAL WORLD failures are sacked and replaced by more competent managers... time is money and investment is precious... if you are not fit to lead... hand over the reins to someone who is.".

Off topic, but considering the above, and you have said you are/were (from memory) invested in UKOG too, curious as to what you have to say about SS and his leadership?
SP rose to around 2.50 odd at the start of the EWT in July-2018 and has steadily declined to the current SP (0.375) over the past 2 years with little meaningful increase in actual production rates, and the continual dilution seen there.
Does the same apply in your opinion?

Presumably with the BH weekend, there will be no tanker movements on Friday, Sunday and Monday, but Saturday is still ok (up to 1:30, or whatever the requirement is)?

It seems pretty extreme to force someone to sell, especially at a big loss.
I would check further on this, maybe there has been a misunderstanding/miscommunication of the required process?

Did you really have to sell?
Thought you would have to disclose a holding in this type of scenario and only be permitted to trade if prior approval given?

ocelot,
I believe there is upside here (in time), but why invest here now, when you could quite realistically make 25% to 50% in a few months with some good bets in the more predictable FTSE 350 world, and still come back here in around 3 months where the SP could well be at the same levels?
Won't be adding any more here myself, but there are much better opportunities over the next few months or so imo.
gla

I think the key phrase is 'watch this space'
Yes, still a high risk, all things considered.
But for those new investors (1p and below) looking at this as a fresh consideration, potential could be good, if prepared for a wait (say 6 months, maybe end Q4).
From the current 0.50 SP to any of 2p, 4p, 6p based on estimates is not a bad reward, if prepared to take the risk.
Regardless of what the majority say, this could be an interesting proposition to some, but in the current market there are probably better and more predictable opportunities in the coming months.
Maybe interest will rise here in a couple of months once some stability returns to markets and some updates are released, folk may look to move some profits from elsewhere for Saltfleetby prospects.
Good weekend all

Surprised where the volume ended up after a pretty decent morning here.
SP heading in the right direction, though.
Let's see if these gains can be built on tomorrow.

No, wealdpwr.
What I'm saying that it's easy to 'hide' on here behind your made up avatar and bash the company, or anyone else, or tell other people what they should do (e.g. SOMEONE should ask them when a placing is due), but not so easy for the same people to use their own personal contact details and ask the company directly themselves and get an acknowledgement and response to their question for all to see on the company website.
Maybe LL is not blind to this board, but my comment was in SPECIFIC response to a poster suggesting someone else should do something that they are perfectly able to do themselves.
As I said, it's easier to pose a question on here and answer it yourself and present that as fact, than to actually make an effort to get an official company response (which I see that without even asking them, gkb has stated 'You know very well Anguish Energy Plc would not give a straight answer to that question asked on their website').

gkb,
I have no problem with anyone presenting any opinion, and in over 3 years have never filtered anyone, and do not intend to either. When it comes to a contrarian opinion, this board is comfortably more con than pro, and if you read my posts here, I am more in the middle ground (with a modest optimism for Saltfleetby only) than anyone else (imo).

Regardless, good luck to you all

gkb,
Why don't you do just that and ask them when the next placing will be, seeing as you (and others) seem so keen to protect investors at any cost?
Their answer states that the impact of furlough would not be meaningful, and that the bulk of expenditure is expected in Q3/Q4, which would suggest there is no immediate need, it at all.
But, let's be honest, you (and others) would not believe any given response anyway, and it's better to safely bash the company here than ask the company directly on an investor forum that they have provided and promoted the use of for anyone to use.