Member Info for CynderLad

and the Warrants RNS today is just the usual cost of doing business arrangement that GL had laid down, if you did not know about the warrants then you're not properly researched.

Warrants do not change the volume of gas or production.

Warrants issued today are a small drop in the ocean, and very small % in the overall volume of shares, so I'm not disappointed one bit. It's another step forward.

What's not to like. They've already stated that the capacity from the 2 wells is going to cover the Q4 hedge.
2nd compressor will provide the capacity for significant increase in production.
Sidetracks, yes plural, are to come, 1 soon, others later.
And then there is the condensate, which is a lovely cherry on the top.
Cashflow will be v good v soon.
Then there's Brockham with 50 bopd, which is small, but it adds a nice bit of revenue on a monthly basis.
Then Lidsey (remapping and sidetrack?) and Balcombe (will it get granted at appeal?)

I see huge upside and huge revenues, and I'm yet to be told that ANGS "cannot" repay the loan early and thus the hedge arrangement.

Loads more confetti to deliver ZERO oil and ZERO shareholder value.
SS will be very happy, he's now guaranteed salary for another 12 months which takes him closer to retirement.
If you did not already know, Turkey is a dead duck, any cash raised and spent there is purely a time waster as SS continues his lovely trotters up lifestyle.

:@ :@ :@

Go on clown, post some misleading videos of the joke that is happening at HH.
I bet he still thinks he can trade UKOG for a profit. LMAO. He just lost out on ANGS big time.

They know the game very very well. I bet a load of those sells are purely from sell limits, good on them. The MMs need shares, they know where this is going.

What a kn0b. Sold out sunshine. LMAO.
You missed the boat sunny.
The condensate alone is bloody lovely, the flow rates are excellent.
Now we wait to see what the flow rates are over the next month, see if there is a steady production or a decline, after all, these initial flow rates can sometimes be misleading, but in this case I THINK NOT!!!!!

Just waiting for the update on cash position and sidetrack now.
Anyone selling here is welcome to do so, I've topped up this week as far as I could really go. :-)

Penguins,

The NG data is still very early days and would appear to be for just a single well, that's unless I've missed an RNS stating that they have both wells online.

As per the post just a few days ago, it would seem quite normal for flow rates to vary in the early days, especially with fluids (e.g. condensate) impacting performance. I'm clearly not an expert in such matters, but a post earlier this week did shed some light on this.

For me, right now, I'm assuming the following:
1) just one well online.
2) flow rates are not yet stabilised and may take a further couple of weeks
3) side track will follow in due course, see point 2, not expecting that to come online until December, but could easily be delayed until Feb.
4) The production from the sidetrack is not subject to hedge, and it's supposedly from a productive play, as ever proof of the pudding is in the eating.
5) fracking not been mentioned to date, but this is clearly an option, figures are clearly excluding any potential upside in regard of this.

I'd like an update on the above and also I'd like an update on cash position and funding for the sidetrack. Brockham income is certainly going to help the financial position.

One can speculate as to what may be happening; is there a bid on the table for SFB (production + storage) as it's value is clearly significantly in excess of the MCAP of ANGS. Is there bad news with GL trying to re-work finances? Or is there going to be a huge strategy update with details on what they will do over the next 12 months at SFB, Lidsey, Brockham and Balcombe? There is so much potential here for ANGS to bring home some serious bacon, but that first domino needs to fall the correct way to kick it all off.

Answers on a postcard.

If you think GL has been quiet on SFB for a number of days, then share your prayers for UKOG shareholders as the CEO there has refused to give a proper truthful operational update on their main site in the UK (producing < 60 bopd of oil) for a long long long long time. And as for interviews, at least GL does them and ANGS do have an open forum with Q&A's and answers being given to investors, unlike UKOG where PI's have been left in the dark with ZERO interviews for 2+ years and no Q&A forum!

Makes me laugh that ANGS could be down 9% today, yet UKOG are up 9%.
UKOG the worst British junior oiler I've ever seen with naff all assets and a terrible CEO in hiding.
ANGS a great prospect with SFB gas play that could be massive.
GO figure.

Matt probably got the boot after failing to get a large placing away. He's probably used up his connections and decided he'd prefer to work elsewhere for a company with a true focus on shareholders rather than on a company that treats shareholders like excrement.

Could be a significant one for ANGS. That 50 bopd could go up a considerable amount.
Ignore the dimwit on Twitter (Adrian Watkins) who keeps talking about fracking the Kimmeridge, the Kimmeridge is already naturally fractured, so unless there is a Kimmeridge shale play fracking may not deliver anything beneficial (but I would love to see ANGS take on this with Brockham, Lidsey and Balcombe assets all in play).

That's only 1 well, not 2. Unless you have seen an RNS saying that 2 wells are online and now in steady production.

p.s. It is flowing, they are cleaning the well up, it's not a domestic gas supply FFS.

and those flows are to our knowledge from a single well.

Thoughts on the timings for the 2nd well coming online?

Did GL indicate expectations for each of the 2 wells, or just the overall aggregated volumes?

Not sure if it's been discussed here, but do Angus have an option to pay off the loan/hedge arrangement early doors? If so, then what would they need to raise and would a placing be on the cards to do this? Frankly, if it were possible to clear that loan/hedge arrangement, with gas prices sky high, then I'd welcome a placing to do so.

Is GL holding the news back for a specific reason? Is he thinking of shareholders and happy to hold that RNS for a few days given the increase in the SP. Let the momentum build and continue, then drop the RNS? Or maybe he is letting some mates buy in before dropping the RNS? Or maybe, just maybe, it is because the restart of gas production is not as simple as connecting up a domestic gas boiler. Give the guy a chance, patience is usually rewarded.

Unfortunately, Liz Truss does not change the dynamics of the HH, Loxley, BB or Turkey assets. They are all dead ducks. Which is where she is leading the Tory party come the next GE. She's a joke, just watch the next PMQ's and see just how terrible she is on the big boy stage. Seriously, I'd not trust her to pick items in an Argos store, yet somehow she is PM. What a crazy world we live in.

SV is pee'd that she didn't lump in on this when it was sub 1.4p. LMAO. It was always nailed on. This is going to hit 10p within a few months.

This is going to the moon.
(I don't have a rocket ship to pop in this message, but if I did!!!!)