Member Info for DoneK

The acquisition of Saltfleetby Energy Limited approximately doubles the value of Angus' interest in the Saltfleetby Licence to approximately £50 million on the basis that the Competent Persons Report of October 2021 ascribed a conservative £25.4 million P90 valuation to Angus' 51% interest in October after all associated debt funding was taken into account.

Allowing for shareholder approval of the issue of all shares contemplated by these transactions, but before warrant exercise, this £50 million would represent a value per share for that licence interest alone of 1.95 pence - without any value given to Angus' other assets. Even should the Company's convertible loan noteholder elect to convert the Company's Loan Note later this year (see RNS 20 October 2021), that value per fully diluted share would still be 1.85 pence.

Howey
lol
i vote for wg818 to cut the ribbon!

so much for bojo coming to cut the ribbons on sfb!

morning all.

BV
could be all 3

Glad to see wg back
You have been a bit quiet recently
Have you given up trying to save us mug punters?
Ps are u still confident angs is going bust?

whats the betting on when first sales are declared?
thursday or friday?
or next week?

hahaa BV

the pipeline is ready to flow
and angus is ready to take off

afternoon all

i want some of the merchants of doom gluing themselves to the skids to prevent gas from flowing!

the question is when angs is selling gas and this board is filled with new investors, with a mc signifincantly higher then todays, what are the merchants of doom going to do with their day?

wg, hits etc their whole lives have revolved around deramping angus, what are they going to do with their day???

SL LOL!

they cant pay bob 10p/post for that
come on at least the others put some effort into it.

i forgot that Howey

mugpunters R us

i wonder if wg818 is still confident Angs is gonna go bust?

that knocked a few day traders out with stoplosses.

as Baits says gas must be flowing

GLA

the merchants of doom are struggling this morning!

lol BV
they have been saving mug punters apparently.

BV they could have been sacked by their paymaster?

the merchants of doom are very quiet.

From the CPR summary page.

There are additional remaining recoverable volumes attributable to AEWB but these are not
classified and categorised here since this would requires a lengthy analysis of the operator’s
recently completed depth-migrated 3D seismic data, which the operator is still interpreting

next week we will be selling gas
the sidetrack will begin
all imo
GLA