Member Info for E_AL

Just saw this on the Financial Times :

+Financial Times

Saudi Arabia goes on hunt for global oil and gas

‘The world is going to be Saudi Aramco’s playground,’ says energy minister

https://www.ft.com/content/e0a6775c-2e4f-11e9-ba00-0251022932c8

_______________________

Should we expect some of Aramco's money to head our way ?

**George Lucan - Angus interim Managing Director :

As an Arabic speaker and accredited Islamic finance specialist with extensive knowledge of the Middle East, George brings other contacts and opportunities to the Company in the energy sphere. Currently training for the Advanced Certificate in Corporate Governance with the Governance Institute, George will also have a special focus on transparency, shareholder relations and governance matters in general. George will join the Nomination and Audit Committees.

Please spare us your BS,

You posted this earlier today on UKOG BB :

“ANGS is a complete mess right now and if I had any I know where I'd be switching. I might take a look when it gets to 2p pre Balcombe. Just for a quick trade.

Just imo

It'll be there.

DHC”

Could you please leave us alone and stick to your UKOG BB !

I will repost my question again and its really simple, if you claim you are not deramping here and you genuinely believe that there is a serious problem in Angus/Brockham/Tidswell/YA, etc. or a conspiracy theory then do us all a favour, DONT INVEST IN ANGUS , increase your holdings in UKOG or invest in one of the ‘healthy’ companies out there on AIM, why wasting hours and hours of your time here.. ???

How do you know that Angus knew about the water issue in December/January ?? Do you have access to some information that other shareholders unaware of ? All what we know from THE SOURCE :

*RNS 29th of January - Operations Update :

Operationally, the Board have set out their plans to :

· continue with the Brockham well test that is currently ongoing - an update will be provided in due course;

**RNS 04 February 2019 : Brockham Well Test Update :

It has become apparent that a part of the perforated interval is producing water, which is inhibiting significant oil flow and therefore has not allowed for sustainable flow rates of oil to be reported at this time.

Angus Energy is now putting together a further engineering program to isolate this water zone which will, subject to agreement from all regulators, include the return of a work over rig and the Company will update the market as soon as possible.

Managing directors Statement:

"I am very pleased with the oil analysis clearly confirming Kimmeridge oil at Brockham. The water zone is obviously an unexpected hindrance but, with natural flow to surface and evidence of oil, we remain quietly optimistic of achieving commercial success at Brockham. Brockham in combination with Balcombe could be transformational for the Company and oil production in the Weald."

****You've been deramping on full power all day today .......Its really simple, if you claim you are not deramping and you genuinely believe that there is a serious problem in Angus/Brockham/Tidswell/YA, etc. or some sort of a conspiracy theory then do us all a favour, DONT INVEST IN ANGUS and go back to the UKOG BB !

It was an obvious pump and dump Bait, noting changed there since Wednesday for the sp to spike 50% apart from the BBC report which been ramped to the moon by the UKOGers on Twitter.. again, not saying anything wrong with company but such a spike out of the blue is illogical ......sorry for all the people who'll have to start averaging down :/

Someone sounds really pissed off by the buys ... Calm down mate and buy some Angus shares ha ;)

George Lucan - CEO

George Lucan is an experienced finance professional with over thirty years’ behind him in debt and equity markets. After graduating from Cambridge University, he began his career at Dresdner Kleinwort Benson where he spent 10 years, mainly within the Structured Finance team, and continued in alternative fund management. He brings, in addition, private equity experience in the fields of energy and alternative energy.

Here is a video of JTP at Brockham talking about the potential of oil field:
https://www.youtube.com/watch?v=I_Npiux_8iI

Nice big buys on the L2

Yep, I've quoted Tidswell, hesaid that only a week ago so I hope we'll receive a positive update soon :

"Team 100% up to speed on what needs to be done now."

https://twitter.com/JonathanTidswe1

_______________________

3 more days till Lidsay's 24/7 production approval ; )

tbh I predicted that yesterday, the sudden spike in sp rise was out of the blue, perhaps the BBC report helped but nothing changed since Wednesday last week to see a massive spike in the sp... I hope I am wrong for the sake of all the new bag holders but I seen it before and fell for it, ....... another round of pump and dump...

K3VMC, I agree!, ok I am annoyed by the delay and the extra work needed but at the same time confident about the the Kimmeridge oil at Brockham ...Comments below were from the heads of Angus and Alba on Brockham (from last week):

***George Frangeskides, Alba's Chairman, commented: "Confirmation from Angus Energy that the well has flowed naturally and that oil has been produced to surface are 'clear positives' arising' out of the recent test programme at Brockham.

We look forward to further proposals from Angus in respect of tackling the water influx which they report as having inhibited oil flow, so that we can more readily evaluate the full potential of the Kimmeridge limestones at Brockham."

**Angus Managing directors Statement:

"I am 'very pleased' with the oil analysis clearly confirming Kimmeridge oil at Brockham. The water zone is obviously an unexpected hindrance but, with natural flow to surface and evidence of oil, we remain quietly optimistic of achieving commercial success at Brockham.

Brockham in combination with Balcombe could be 'transformational for the Company' and oil production in the Weald."

We are in blue !

Buying volumes are more than double the selling volumes so far :

# Trades 192
Vol. Sold 3,299,723
Vol. Bought 7,839,170

Pboo, maybe as Alan said before.. there is a lead time to deliver the equipment needed to Brockham so while waiting for them to get delivered, the focus is back on Balcombe .. We are only speculating here so its better to wait for more details from Jonathan: "Team 100% up to speed on what needs to be done now."

Wizard, at UKOG YA's conversion was £10m , here its £1.5 ! so nothing to compare to UKOG's loan... UKOG sp started to show recovery "out of the blue" only 5 working days ago, before that it was at almost all times low long after YA chased out, so I believe its another pump and dump....I really hope that I am wrong for the sake of all the bag holders there (I used to be one of them then cashed out with a substantial loss)

Lets do some maths here:

£1.5 million conversion at lets say 4.8p will make 31.25 million shares. Many believe that YA already sold some via forward selling, so if they sold let's say at most 1/4 of the 30m shares, this means they'll be offloading around 23.4m shares to the market.

Angus's daily average volume is 11.8m shares so with this in mind, I think they'll be able to sell the whole 23.4m shares in around two week (2.34m shares per day) without putting real pressure on Angus sp.

Saying that, everyone knows that the sp heavily oversold so they may chose to hold some of these shares to sell at better sp or positive RNS, who knows!

Chambers, as I mentioned before Angus has enough cash in the bank to fund Brockham & Balcombe.. and as we all know Lidsey is already in production :

*RNS 10th of Jan :

-Details of Facility Agreement

The Company, on 9 January 2019, entered into an agreement with YA II PN Ltd and Riverfort Global Opportunities PCC Limited (the "Noteholders") for a 2-year £3 million loan facility.

The Facility may be drawn down in tranches ("Advances") over a 24-month commitment period at the sole discretion of the Company and carry 0% interest

Intended Use of Funding:

· Fund capital expenditures for the future development of the Balcombe Field Discovery

· Provide further working capital for the group.

*RNS 5th of November - Placing to raise £2million :

- 22,222,222 new Ordinary Shares placed at 9 pence per share with institutional and other investors

- Production at Brockham from the Kimmeridge layers planned to commence before end of this year

- Net placing proceeds of approximately £1.85 million for general working capital purposes and business development opportunities

**Angus has enough money to fund the extra work needed in Brockham.

Just checked his posts history

Another troll from the UKOG BB ........

Moskvik2, I think you took it to the extreme here ... any company could go bankrupt so just because Angus board chosen to change the company’s MD that doesn’t mean it gonna head to bankruptcy!!

Angus got enough money in the bank to fund Brockham & Balcombe.. and as you know Lidsey already in production :

*RNS 10th of Jan :

-Details of Facility Agreement

The Company, on 9 January 2019, entered into an agreement with YA II PN Ltd and Riverfort Global Opportunities PCC Limited (the "Noteholders") for a 2-year £3 million loan facility.

The Facility may be drawn down in tranches ("Advances") over a 24-month commitment period at the sole discretion of the Company and carry 0% interest

Intended Use of Funding:

· Fund capital expenditures for the future development of the Balcombe Field Discovery

· Provide further working capital for the group.

*RNS 5th of November - Placing to raise £2million :

- 22,222,222 new Ordinary Shares placed at 9 pence per share with institutional and other investors

- Production at Brockham from the Kimmeridge layers planned to commence before end of this year

- Net placing proceeds of approximately £1.85 million for general working capital purposes and business development opportunities

**Angus has enough money to fund the extra work needed in Brockham.

100% agree with Yanis's post below, what's going on here is not helpful at all and will not benefit any of the shareholders !! Yes, we should not back off from seeking answers but we can seek this in a non-self-destructing way.

"You are outlining some very valid points here, that deserve answers - agree with you and want answers too.

Nobody said that we should not be seeking answers to these questions. Of course we should, but we should be asking these questions in a diplomatic friendly way, not hostile.

The latter alienates people and back off, then you get nothing and the uncertainty and speculation continues.

Yes, there have been lots of issues and events that damage the SP ... promises that did not materialise, Lidsey, Bergen financing, America2030 affair, placings, Brockham, recent YA financing, BOD change ...

All of these events happened under Vonk. America2030 affair and BOD change aside, Vonk is responsible for all of these by virtue of being in charge.

Vonk is now gone. Tidswell has implied in his tweets that his hands were tied. All was said is to give him the benefit of doubt on this give him a chance (we can still ask questions).

Lessons learned are very important yes. Tidswell already indicated in his tweet that he appreciates planning and critical spares, he criticised this himself. That is a lesson learned to me.

As far as the BOD change is concerned is a done deal. America2030 affair was really bad, but personally I am sure Tidswell learned his lesson, if nothing else it costed him a lot of shares. All we need is a BOD announcement for closure.

Yes, we should not back off from seeking answers but we can seek this in a friendly way.

Personally I am going to email the company asking them to announce a forward plan along with a timeline, Brockham as a priority, then Balcombe and Lidsey.

I truly appreciate Alan’s technical contribution to this board, but his approach to Tidswell is very hostile and this not to our interest. Not only it may cause Tidswell to back off (then uncertainty and speculation will continue), but also if you are a new prospective shareholder looking in and all you see is unhappy shareholders hostile to the BOD and clearly implying that they are incompetent why would you invest in this company?

We can ask our questions, early indications show that our concerns will be addressed. The new regime has been in place for only 2 weeks now and we have already seen distinct changes for the better.

Let us give them a chance for now, some time to see what they can do without us being hostile to them. Who knows, we might be pleasantly surprised. Tidswell tweeted ‘watch this space …” – it must mean something."

Pboo,you missed a full stop between the two sentences. Angus will use the well testing package brought from Brockham in Balcome.

As for Brockham, lets wait for the next update, I am sure Jonathan got a plan for it :

"Team 100% up to speed on what needs to be done now."

Working on water isolation solution all day. Old low cost and very good operations team back together under Lucan. Watch this space.."

"Angus Energy is now putting together a further engineering program to isolate this water zone which will, subject to agreement from all regulators, include the return of a work over rig and the Company will update the market as soon as possible."