Member Info for E_AL

Common man ! We discussed this here like tens of times before, many institutional investors sold because of their MCap investing rules, when a position in their portfolio drops below certain MCap they sell, no if’s or buts there... as for the growth warning in the previous trading RNS, it’s been factored into the current share price ...PHD’s sp is heavily oversold at this level and we all know that !

Awful news expected ?! Based on what ? Ha

I’d really apretiate if you would share with us any NEWS which you mananaged to get which we don’t already now ?!

“Following a £2m placing on 5 November 2018 and £1.5m draw down on 10 January 2019 the Group has a strong cash position. A further £2.2m was raised on 15 February 2019 to repay the £1.5m drawn down from our loan facility. This is after accounting for all costs associated with the testing of Brockham X4Z (completed after the reporting period).“

But we already have enough cash to flow test Balcombe ? The last placing was to pay off YA loan which Angus already banked :

"Angus Energy is pleased to announce that the Company has placed, subject to admission to trading on AIM, 55,000,000 new Ordinary Shares in the Company with existing, new and institutional shareholders (the "Placing Shares") at a price of 4 pence per share to raise gross proceeds of £2,200,000 (the "Placing").

The Placing monies will be used by the Company to pay down £1,500,000 of the YA II PN Ltd and Riverfort Global Opportunities PCC Limited loan facility referred to in the Company's announcements of 14 February 2019 and 9 January 2019, for the work programmes at Balcombe and Brockham as detailed in recent announcements and for general working capital purposes."

RA, no sells in the past 30 mins, only buys :

11:08:07 5.545 53,994 2,994
11:00:17 5.545 36,068 2,000
10:48:10 5.49 63,752 3,500
10:44:42 5.435 80,847 4,394
10:43:53 5.40 100,000 5,400
10:41:41 5.44 183,823 10,000
10:40:54 5.395 36,534 1,971
10:37:46 5.40 141,470 7,639
10:35:58 5.35 61,514 3,291
10:32:26 5.375 254,700 13.69k

L2 looks healthy, one 5sp on the ask then a wave of 6sp

Angus just emailed the RNS to their news updates subscribers.

Waynesmith, feel free to upgrade to Premium member to see for yourself the Bid/Ask ....

still good, 2 in the 5s and the rest in 6s

Atm there is only 1 seller in 5sp on L 2 then a wave of 6sp all the way :)

Alan, we really can’t take another hit in Brockham and most of us including you been waiting for months for Brockham to flow so as ChasPB suggested, your replies on twitter to Tidswell/Angus’s tweets are very helpful and valuable & could also prevent (knock on wood) another ‘Tidswell’s style’ disaster ....

Taverham, Angus under the old BOD damaged its credibility in the market, many false promises and repeatedly failed to deliver.. This resulted in substantial losses to investors, some of them heavily invested before Christmas, and currently in deep loss. Lucan is trying to fix the damage here and save whatever left of Angus's face in the AIM by being proactive, keeping the market and investors well informed to regain their confidence.... He is doing a good job so far and today's RNS was very much needed after the sudden unexplained change in work plan which didnt make sense to many of us......

SP will see recovery tomorrow for sure !

RealAnalyst, we said that when the sp was at 4p and look where we yesterday (50% gain) so sp do take off if the market see some real progress on ground. Unlike most of us Angus investors who their averages in two digits, traders don't tend to wait long for gains, we were told that Angus will isolate the water then reperforate, so traders expected another 20% (at least) recovery over a week or two, however Angus changed its plan AGAIN so the sp dropped, traders now either have to wait for longer to see how things will progress or cash out and regain what they lost here somewhere else, maybe buy back next week if Angus announces something positive re Brockham.

Back to last month's sp, who thought people will be able to buy again at 5.45 ........

11:17:30 5.449 78,837 4,296

Pacman121, apparently HSBC has extra £20M to chuck on a £28M MCap so called failing company ........

Because there is only one more working day to go before releasing Tim’s promised business review, interim results and hopefully the name of the new CFO next Monday !

Good morning Alan, after reading yesterday’s tweets .. are you still sticking to your timetable re Brockham ?

By the way, is this your new twitter account @AlanTho64437536? ?

This makes sense kenniGT :)

LockedIn, we are still in stage one of 'Brockham work program'. What Angus announced earlier was the completion of stage one of the re-perforation : "the first stage of re-perforating at Brockham has been completed with positive surface pressure observed. We are now moving onto stage two of perforating."

I can see why you and many others are confused but the real question is why Angus didnt isolate the water zone first then re-perforate Brockham. There must be a valid technical reason behind this so I hope Alan would help us to understand whats going on there.

Baits, they were perf guns : https://i.ibb.co/MsN1xJ7/aa.png

I agree with Baits, the ones in the tweeted photos are perforating guns AFTER they've been pulled out of the well

Before/After : https://i.ibb.co/zSZxY71/Untitled.png