Member Info for Crocqman

Well said, Teletubbies.
Folk seem to be easily triggered on these boards if anyone has a strategy that differs to theirs.
It takes all types of investors and investment strategies to make a market after all.
Good luck to all however you are playing this.

Was not expecting a big move with the acquisition news, mostly due to the time it will take to get this generating any income. I suggested mid-2020 and they have given a broad 4 month range around then, so think it may be a while before we see any real benefit of this being priced into the SP.
Even so, I did think before this announcement that the SP would hold above 4p today and continue a steady rise after the previous days' gains on the prospect of the next stage of works, so the drop today is disappointing.
Continuing to hold and will consider adding here rather than other options on the basis of short term prospects.
gla

Happy with my small position here (and gains over past month) but was tempted to add with the drop today.
Looks like my cheeky limit order won't get filled, but no worries. Can see a flat finish.
gla

Sting,
Personally, I still think this is perhaps 6 months away from any meaningful gains from this current level, assuming the expected rig activity commences within the next month and no further hiccups re: planning and in the expected schedule.
I am prepared to wait and see what site and news activity we see in the coming months and will review towards year end.
Depends on how long you may want to tie up money here.
Many will have been sitting on losses for a while now and feel they have lost too much to gamble shifting elsewhere in the short term.
For the record, I have circa 1m shares at around 1.8p and I don't intend to add further.
Just my thoughts.
DYOR

Just to add, my donation was to Macmillan cancer support
gla

Nightingale,
Before this board went off the rails slightly over the weekend, I took up your suggestion on Friday to make a charitable donation if the SP (in my case) hit 0.20p.
Not disappointed that it happened so quickly!
I have duly donated £50 this morning.

Good luck to all holders here. Great update this morning. Hopefully, this is on a long road to success.

Nightingale,
When this hits 0.20 I will match your £50, but will donate to Macmillan as more personal to me.
gla

Love that pic, Heid. SS looks like a big kid at Christmas.
I hope the 6-12 on the front of the lego box represents the target SP once existing projects come into play.
gla

Good luck Nightingale and all holders.
Looks like an exciting week ahead.

wealdpwr,
You seem to be reading a lot into my post. Really just curious as to what type of manipulation folk think is going on as for me, it often seems a convenient mask for poor SP performance and is a frequent claim across many boards when the SP is down for no apparent reason.
Personally, I feel that ANGS is where it is as, despite the potential, as there is nothing tangible to merit a higher valuation at this point in time and investor confidence is low. A simplistic view, perhaps.

gkb47,
Thanks for the link.
I have some awareness with the monitoring tools that regulators, firms, etc use to monitor trading patterns, SP movements, potential market abuse, etc and they are becoming much more sophisticated.

People will always find ways around systems and controls if they really want to, but the chance of getting caught out is much higher nowadays. As you correctly say, folk can speak in bars, restaurants, etc and that won't change, but most phone/electronic communication within firms is monitored, but there is only so much that can be done.

Firms will all have their own internal monitoring and the regularors will have independent controls and potential instances of abuse can be originated from either source to the other for further investigation prior to any further action being taken if considered appropriate, whether it be against investment firms, individuals within those firms (e.g. dealers), companies, company directors, etc.

It is an interesting subject matter (for me anyway).
Compared to the volume of transactions undertaken daily, the % of potentially questionable trades is incredibly small and the number of actions brought by the regulator even from the relatively small number of 'flagged' transactions is smaller still.

Curious to know exactly what type of activities folk thing is going on (particularly on AIM) that people are supposed to be getting away with.
People often generalise re: MM games, holding the SP back, RNS's pre-notified to 'mates', etc but this often comes across more about frustration about SP decline rather than any actual evidence/substance of something going on.

I'm not saying there are not some dodgy activities at times and some individuals/companies may take advantage, but there are stringent checks and controls in place both within the regulators, brokers, buy/sell firms, custodians as well as harsh penalties for individuals, companies and investment firms, brokers re: fines, etc.
No system is infallible, of course, but actual examples of manipulation, or misconduct resulting in charges being brought do seem to be rare.
The regulator is often seen as ineffective, toothless, etc but what do people expect them to be doing that does not seem to be getting done?
Genuinely interested in thoughts on this.

Probably part of a limit order, or a larger trade. Trades do not always get filled in 1 go and a large order may be traded throughout the day with each smaller 'fill' transaction being reported separately as they are traded.
The fees for the total completed order for that day will be processed at end of day once all 'fills' for the day are done.
The previous 'fills' may be cancelled and rebooked as one large trade at the 'average' price for the day to achieve this.
My understanding, anyway.
gla

Would much prefer a buy-back plan, but as you say, g2bh, much, much further down the line.
Realising a good steady income flow from multiple sources over the next 6 months to a year should be the priority to enable better (non-diluting) options for any future fund raising needs.
gla

Yanis,
Like many, I am disappointed with the current price.
I think it is down to lots of things, lack of sentiment, confidence in the bod (old and new), communication, delays, etc.
The previous highs were based a lot on hype, excitement amongst PI's pushing it higher without any substance, just the potential (which, of course is still there).
Almost 7 months on from the famous 'switching on of the taps' and we are still waiting.

You mentioned the gas acquisition and GL stating this was worth 4p. This still may not happen and I don't think the market particularly likes the prospect of this, certainly not most PI's on here, it seems.
I have posted before about this being a high risk, low reward opportunity, an unwanted distraction, and see a lot of up front investment for what may not be any returns until mid-2020, maybe longer. I don't see it funding existing work programs like it has been suggested.

Not saying there is not manipulation, but I don't think it is a widespread in AIM as many seem to think.
This is a PI share and folk want to see actual results now, the bod need to deliver. PI's maybe see better opportunities elsewhere currently and see this as too high risk as things stand.

Apologies for the long post. A bit rambling, but not a de-ramp. The potential is still there and I hope they can deliver soon, but folk waiting for multi-bags may be in for a long wait.
Far too many unknowns to accurately value the company at present imo, hence we are where we are.
gla

Edit.
I meant Maltloaf's 18:54 post

Maltloaf,
The folk saying everyone is mad selling at the current prices were also telling people they were mad selling when it had fallen form 16p to 14p, telling everyone this was unquestionably going to 20p and beyond.

Agree totally with your 18:02 post.

Perhaps some of the investors in here are also invested in those, or other funds with a similar performance and know it's good to have a balanced portfolio and not put all eggs in one basket?
A mixture of asset types and a risk profile to suit their individual requirements.
Perhaps some investors here have only a small position and have taken a 'punt' on the story and see this as a potentially high risk, high reward holding and are looking at the long term?
Equally, maybe they have lost good money in Woodford's fund thinking what could go wrong in there, or something low risk like Centrica or Capita(-35% and -31% in 1 year, respectively).
What's important is to do what's best for you, ignore what anyone else thinks and have an exit strategy to cover any/all eventualities, whatever you may be invested in.
gla

Anselmo,
For me, can't see a buy back in the medium term, let alone short term.
Company needs to come good on current projects, generate investor confidence and a steady income from several sites for this even to be any consideration and any cashflow would be best placed reinvested into future projects in the short-medium term (imo).
5-7 years down the line if all (most) comes to fruition, this may be an option.
Most will be in a paper loss currently, but things are looking promising and once rig arrives the next 6 months and beyond will be very interesting and folk will become more engaged here, just like when the work program commenced a year back.

Ironic that seadoc's SP predictions have been more on the money this past year than the rampers', despite the flaws in methodology.
Like you, liking the concept, like ukog and their current portfolio and prospects.
Positive here, bored (as always) of the continued talk about shorters, and still holding.
Conservative 2p target for year end as stated previously.
gla

As many have stated, good to get the update, but nothing new/unexpected reported.
Should hopefully see a rise today though.
The repeated finalising of preparation for the rig was disappointing, if not unexpected. I note it states logistic and admin arrangements to be finalised this week but does not confirm when the rig can be expected. I take completion of the admin work to include signing the contract and this will then mean a further RNS to confirm rig arrival.
gla

Could be wrong, but think he rather grandly published all of his fund holdings from the outset to show how transparent his new funds were and to stand out as different to what everyone else was doing.
Saw something at the weekend that detailed all of the AIM shares he was invested in and don't recall any in the O&G sector - think they were mainly pharma/biotech, but Eddie Stobart got a mention, from memory.
Small mercy