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Probably some day traders holding positions or top ups from current investors before the tankers photos :

The fool on the hill @Adrianwfire
15m15 minutes ago

#Angs #UKOG Fool News spy's are out in force this afternoon. Your Tankers will not escape us :)

Happy for them as long as that keeps their derampers away from our board !

I still have some of these posts showing on my browser from yesterday if you guys want me to repost them ?

Update from Device Authority - London 17th of January 2019:

Device Authority is excited to announce that it has been included in SC Magazine Industry Innovators Hall of Fame 2018 (https://bit.ly/2HgE9mH) :

Hall of Fame : Every year the SC Media Innovators edition highlights technologies and vendors that stand out from the crowd and show great promise for the future. The SC Labs Review Team presented a strong showing of 18 vendors honored, as well as the six members inducted into the much-anticipated class of 2018 Hall of Fame.

Link : https://hubs.ly/H0gcBCB0

About SC Media : SC Media is cybersecurity website which shares industry expert guidance and insight, in-depth features and timely news, and independent product reviews in various content forms in partnership with and for top-level information security executives and their technical teams.

SC Media arms information security professionals with the in-depth, unbiased business and technical information they need to tackle the countless security challenges they face and establish risk management and compliance postures that underpin overall business strategies. It delivers breaking news, comprehensive analysis, cutting-edge features, contributions from thought leaders, and the best, most extensive collection of product reviews in the business.

[Device Authority, a global leader in Identity and Access Management (IAM) for the Internet of Things (IoT) and Blockchain,Tern Plc, has an 56.8% holding]

The normal trading cycle of Angus is: Buys at the opening >more sells until early afternoon > buys before closing. Today we skipped the selling bit because of the tanker video which confirmed oil flowing at Brockham.

I think we'll see the sp runs to around 10.5p just before closing then climbing back to 11p tomorrow ...No one should be be out over the weekend !

The sp drop in the past 10 minutes in very healthy, some day traders just sold so we don't need to worry about a sudden drop later through the day. Now more value trader or LTHs got the chance to buy/topup under 10.5p.

This reminds me by the 65% sp climb last October - Over 7 days !

Many golden tickets to bet on here !

it’s not a confidential information that the current sp is heavily discounted and in fact a BARGAIN either for a LTH or value traders so I would be surprised if this chunky top up was indeed from an insider before any coming ‘positive’ update ; )

"If more shares come onto the market after you've bought then that's different because your share of the total will decrease. You'll have been diluted."

Correct, the company been diluting every couple of months and with each placement we witnessed a drop in the share price so LTHs had either to keep averaging down or hold and hope one day the sp will see a massive recovery, I held my my old position in ukog as a long tern investment, I entered at 2.40, then averaged down at 2.2 then averaged down again at 2 then had to sell for loss at 1.4, since then the sp there kept declining.......

Captain, increasing the number of shares means UKOG's earnings per share will go lower which of course negatively affect the the share price & Market Cap too :

It works like this:

Let’s say company X has one million shares and earns £1m. That translates to earnings per share of £1. If the average company in O&G sector trades for 20 times earnings, company X stock should trade at £20.
However, if company x sells 100,000 more shares into the market and now has 1.1 million shares outstanding, that £1 million in earnings now translates to £0.90 per share. And with an earnings multiple of 20, its share price would only be £18......

I totally agree with ismailq, ukog's sp there will 'partially' recovery but not anytime soon. I have no issues at all with HH and I strongly believe in the Weald basin potential but imo the problem is with the investment vehicle! The company has way too many shares issued (5.5 BILLIONS shares) so the sp recovery will be a very long and painful process, for some reason this doesn't bother SS who will continue to dilute the company's shares if needed, unfortunately the low sp attracted an army of penny pinching day traders, they are happy with making 2-3% profit a day and WILL sell at any spike, like what happened today for example. I do think the company will carry a reverse stock split at some point and imo it will be when they are done with all the testing at HH and ready to move to full production......

Chesterfield, Derbyshire. 16th January, 2019:

InVMA (www.invma.co.uk), the expert IoT Solution Provider and leading ThingWorx partner in UK and Ireland, announced today their partnership with the XL Global Group (www.xlg.co.uk), a multi-discipline technology and engineering group who specialise in turnkey solutions for the Oil & Gas and associated industries.

Combining XL Group’s in-depth knowledge of the Oil & Gas industry and InVMA’s expertise in providing Industrial IoT solutions, the new partnership offers the most comprehensive Industrial IoT solution aimed at the Oil & Gas Industry currently on the market.

“Partnering with InVMA will not only allow us to deliver real solutions in a very short timeframe, but will allow us to draw on their experience and bring the lessons learned in the wider manufacturing industries to bear on the challenges currently faced by the Oil & Gas industry.” said Jim Morrison, Managing Director at Aquidata XL, the division of XL Group specialising in Production Data Management and Industrial IoT solutions.”

“The Oil and Gas industry is experiencing a period of rapid change and we see increasing interest in the use of Industrial IoT technologies such as wireless sensors, data analytics, machine learning, and augmented reality to improve or reshape traditional business processes.” continued Morrison.

“At the moment the industry has the interest and the motivation, but what is needed to accelerate take up of technology is tried, tested, and proven solutions that can deliver rapid business benefit in a predictable and cost effective way.

We believe that the ThingWorx platform delivers the best available end-to-end tool chain that will allow us to provide our customers with effective real-world solutions, not next week, next month, or next year, but today.”

ThingWorx is an Industrial Innovation Platform that delivers comprehensive data acquisition, analytics, machine learning, and visualisation capabilities that will allow the XL Global Group to deliver the type of digital transformation initiatives that the Oil and Gas industry is driving towards today to help improve efficiency, reduce operating costs, and maintain a safe working environment.

[InVMA deliver innovative IoT solutions by combining world-class management consulting expertise with objective technology advisory as well as hardware, software, IT and OT technical capabilities. InVMA design, develop and deploy applications and hardware that improve or transform the way organisations do business. The company enables the creation of new revenue streams, enhanced customer satisfaction and improved operational efficiency. Tern Plc has a 50% holding]

So the earlier drop was due to some people selling to join the UKOG's RNS day trading gold rush. Fair enough but I think the RNS was just another confirmation to what 'at least' to expect from Brockham so selling for a loss here to buy into a 5.5 billion shares company with a declining sp trend just to make 2-3 % profit (if you are lucky enough) to find out later that you will unlikely be able to buy the same sold volume again for the same selling price !

Good luck with that and kudos for whoever made another top up here earlier on a VERY discounted sp rate.

So Angus share price only dropped last week on leadership clash (nothing negative from Brockham), yet UKOG which has oil tanker(s) leaving HH every other day & pics update on twitter almost everyday witnessed a sp decline (over 50% drop) since August last year ...

I am really shocked by the number of UKOGers on Angus's BB which certainly is no the other way around ... I think its better for them to focus on their declining investment rather than deramping here.....

BUY Recommendation from Stockdale Securities, price Target 20p - Posted last night :

https://pbs.twimg.com/media/DwoBtbwX0AE3LKY.jpg

I can't agree more Russell, the sp bounced back from the 200dma after double bottom which means we have a good support here, RSI below 35% (Share is oversold) and whoever wanted to sell has already sold by now.

Now the dust has settled, we've been left with holders averaging down and day & value traders. Any update from Angus or tweet from Brockham will speed up the sp recovery !

Hmmm , the link again : https://t.co/HMjwoCfV36

Anyone read this article today ?

>BUY Recommendation from Stockdale Securities, price Target 20p - Posted last night<

https://*********************/companies/uk/oil-gas-e-ps/angus-energy/research/stockdale-securities/encouraging-news-from-the-weald-basin/acd9173b-bf85-42d5-86e6-7d6bdfbdc097

The free to read part of the article shows the following :

"Angus Energy is at the forefront of efforts to exploit the Kimmeridge play in the Weald Basin. Targeting a naturally fractured limestone within a shale horizon, it has demonstrated that high rates of production can be achieved without hydraulic fracturing (fracking). Initially, Angus istargeting Kimmeridge production from two existing, conventional production sites. The latest analysis of the flow test results from one of those provides further support to our belief "

The sp just bounced back from 200 DMA which means in charts double bottom then a bounce back up. Try to support the sp recovery by not panic selling, it will encourage existing holders to avg down and/or value traders to hold temp positions which also helps to speed up the sp recovery.

Nothing changed on ground and we are still expecting good news very soon from Brockham ! I'm holding a big position @11.6 and I have not sold/will not sell any of my shares !

It just tested the 200 days low @ 8.63 again and bounced back.

In charts, it indicates that we have a good support here !

I’ve been on Angus bb for months and I must say so many ppl I never saw on here before showing up since the early morning for the first time only to deramp Angus !