Member Info for HeadInTheSand

No, not a gusher.

It's just a puff piece generic corporate video. Here's the translation of the accompanying text for you:-

The esteemed Chief Engineer of our company, Yilmaz ricecici, prepared a short video describing our struggle for oil exploration, I guess he could not have expressed it better, I would like to thank all our former and current workers, both on behalf of our company and the Sayer Family, for their support for 60 years, for a prosperous Turkey. .

"A gusher"? Your evidence? Seriously MM... you'll have to rope a lot smarter than that if you want to rope even the dopiest of dopes.

Good news or bullet dodged? I wouldn't get too excited just yet.

The fact that permission has been granted for the drilling of the sidetrack is to all intents and purposes a good thing. But one surely has to ask oneself - does ANGS already know that the commercial viability of Poundland solely depends upon a successful sidetrack being drilled? If this is the case, then only the opening hurdle has been cleared.

To my mind, sidetrack permission was essential - and ANGS knew this. But this still leaves the question - what volumes will Poundland produce if the sidetrack is successful (the jury's out on the chances of that being the case, because as others have pointed out, there have been a number of unsuccessful sidetracks drilled from that well already). And what volumes will Poundland produce if the sidetrack also turns out to be unsuccessful?

Basically, how many mmcf are needed out of Poundland in order for it to be commercially viable and cover its costs, including finance costs? We won't know that until late Q1 at the earliest.

Skwizz, honestly! Unlike you to buy in too high? Depends when of course, but the fall after the hugely ramped spike fall was always going to leave the SP under the placing price, no?

Mind you, continued kudos to you for your steadfast refusal to disingenuously ramp in order to deliver the marginal gain you're looking for. If only others were of like mind...

And I think you'll be fine. A combination of typical and substance-free UKOG "the company is delighted to announce..." RNSes and the deeply disingenouous ramptastic short-term squad seizing on these and copy n pasting them to the max should see you exit with a neat little profit (before everyone realises that this is yet again another UKOG false dawn).

Another day trader looking to spike the unwary. The trouble is, a share like UKOG attracts such types, just like a manure heap attracts flies...

Absolutely Ninetails. And a depressingly frequent modus operandi with AIM stocks like UKOG that are based on nothing but sentiment, hope and dreams, rather than reality. Such shares attract the deliberately deceptive and disingenuous, because they're the perfect vehicle for short-term traders looking to pick the pockets of the more naive as they exit with their quick marginal gain.

Moneymunch and his posts is just the latest in a never-ending series of copy n paste temptations solely designed to spike the unwary. He's not the first and definitely won't be the last (sadly).

Speaking of cut n paste, here's a cut n paste of my opinion on smallcap AIM oilers and geothermal as posted on the UKOG board.

Geothermal in terms of failing small cap AIM oilers means only one thing, and sadly that is a desperate attempt to kick the can yet again as far down the future road as possible.

It's been entirely unsurprising to see both UKOG and its near-identical twin ANGS both trying to nail their colours to the geothermal bandwagon almost simultaneously. As long-term holders in both companies know to their cost, both outfits realised at the same time that the wheels had entirely fallen off their long-touted Weald oil fairytale and hence one headed in a desperate dash off to Lincolnshire and the other headlong to Turkey. They both have to have fresh stories to peddle after all.

But as they've both realised, geothermal provides much better grounds for spinning myths. Unlike the Weald (or Saltfleetby or Basur, for that matter), if investors can be persuaded yet again to shovel in more cash on the basis of geothermal, it'll take many years (and many millions of pounds) before either company gets found out.

Having said that, it's all rather moot. Such i,s the market's deep ingrained (and utterly justifiable) cynicism about all things UKOG/Steve and ANGS/George that, unless Basur and Saltfleetby produce commercially viable quantities of oil and gas respectively, neither company will be around to promote the latest geothermal Pied Piper tune. As everyone with any objectivity knows, both Steve and George are firmly in the last chance saloon and have both made their last desperate throw of the dice.

It remains to be seen if either will at last manage to roll a double six. But not if history is anything to go by, since both companies have repeatedly only ever come up with snake eyes.

AIMO of course and DYOR indeed.

Now if only we knew that ANGS was capable of producing some worthwhile quantity to sell, eh?

Future natural gas prices are entirely irrelevant at the moment. It'll be well into Q1 2022 at the earliest before we get any idea a) whether ANGS has succeeded in getting to first gas and more importantly b) what production volumes may then be.

Geothermal in terms of failing small cap AIM oilers means only one thing, and sadly that is a desperate attempt to kick the can yet again as far down the future road as possible.

It's been entirely unsurprising to see both UKOG and its near-identical twin ANGS both trying to nail their colours to the geothermal bandwagon almost simultaneously. As long-term holders in both companies know to their cost, both outfits realised at the same time that the wheels had entirely fallen off their long-touted Weald oil fairytale and hence one headed in a desperate dash off to Lincolnshire and the other headlong to Turkey. They both have to have fresh stories to peddle after all.

But as they've both realised, geothermal provides much better grounds for spinning myths. Unlike the Weald (or Saltfleetby or Basur, for that matter), if investors can be persuaded yet again to shovel in more cash on the basis of geothermal, it'll take many years (and many millions of pounds) before either company gets found out.

Having said that, it's all rather moot. Such i,s the market's deep ingrained (and utterly justifiable) cynicism about all things UKOG/Steve and ANGS/George that, unless Basur and Saltfleetby produce commercially viable quantities of oil and gas respectively, neither company will be around to promote the latest geothermal Pied Piper tune. As everyone with any objectivity knows, both Steve and George are firmly in the last chance saloon and have both made their last desperate throw of the dice.

It remains to be seen if either will at last manage to roll a double six. But not if history is anything to go by, since both companies have repeatedly only ever come up with snake eyes.

AIMO of course and DYOR indeed.

....and you know what else? The Ronanian leu rose today by a further 6%. Fantastic news!

Unfortunately, much like UKOG and oil, I don't have any to cash in...

So what Ocelot would now have us believe is that the crappier the market's opinion of a company (as shown by the SP), the better investment it must be... riiiiiiiiiiiight. That's pantomime stuff.... it's gone beyond scraping the bottom of the barrel and is now digging holes in the floor.

Much like Ocelot's other (in)famous theory advanced elsewhere on UKOG's near-twin ANGS. This went along the lines of "ANGS is a superb investment - it's making and thus accumulating millions upon millions of pounds of tax losses every single year, which makes it worth an ever-increasing fortune!"

Again... riiiiiiiiiiight.

I know Oktane speaks sense. ANGS is only viewable as a very short-term trading opportunity... period.

The obvious yet tiresome thing about you, Cuddo/Cantrememberthis2, and your tragically inept backwater Twitter share tipping page, is that you make maximum effort to cause a minispike you can then sell into, while pretending to be committed for the mid- to long-term. And although your attempts are as childishly cack- handed as they are obvious, that's snide of you.

Much the same as at near twin ANGS both Sando and George realised at pretty near identical times that, such were the ever-growing mountains of evidence of non-performance, they could no longer rely on further spinning the Weald oil fairytale to part PIs from their hard-earned and keep their handsome salaries paid. After years of funding unrelieved and abject failure, PIs just weren't going to buy it any more.

So both companies each needed a new spinnable vehicle. Fast. And one they could scrape together the funding to afford - a thing which meant the prospects for whatever these two new "opportunities " were were bound to be low.

And that in a nutshell is why George at ANGS took on a clapped-out gas field in Lincolnshire (which ANGS got paid £2.75 million to do... but then unfortunately discovered it needed to raise a further £12 million to see if it could be got back to first gas). And that's also why Steve took on the current involvement in an oil licence in Turkey... unfortunately surrounded on all sides by already drilled fields producing not much better than a trickle.

Interestingly, both companies simultaneously started ardently banging the geothermal drum all of a sudden... but even they realised that this would be seen by investors as way too much of an obvious can kick, given that geothermal was always going to be many years and many millions of pounds away.

What are Ocebot's thoughts? You seriously need ask?

"Strong Buy", that's what... it's never had any alternative thoughts. It's been expressing the exact self-same opinion every day all the way down from the 30p highs of around 4 years ago.

(Hopefully nobody's paid the slightest attention),

If only you'd actually been in over any weekend....

TopDog, I fully agree with your advice on the importance of doing one's own research - and again yes, the devil's in the detail.

However where I differ slightly is on share price manipulation. Well okay, what there are clearly orchestrated attempts to manipulate is sentiment - and we have the literally perfect example of that here with UKOG in the couple of weeks prior to the placing finally being announced on Monday 5th July.

I also saw that "whistleblower" post, which was being reposted by many as "proof" that there are orchestrated efforts being made by institutions and individuals to manipulate the prices of certain shares downwards. Of course, such "evidence" was seized upon by those who feel a need to explain the existence of those with more negative views on any given stock... this proves of course that anyone posting less than positively must be a member of the Evil Global Shorting Conspiracy (tm), right?

Except as has been repeatedly pointed out by the more sane here, it is impossible to short AIM stocks...

So I agree. In my very firm view, the creation of that whistleblower post was just another slightly more sophisticated but equally faked effort to discredit specific named individuals who don't post cultishly positively on certain shares.

What was most amusing, given the readiness with which those suffering with positive confirmation bias instantly believed this conspiracy theory is that they didn't consider the flip side of the coin. It did not occur for one second to them that, if murkier city institutions do try to manipulate share prices on bulletin boards, half the time, said dodgy city boys will be trying to ramp pricing upwards, because an upward move an an SP will suit their agenda at that time.

Example: take a look at ANGS's apparently near identical twin, UKOG, and the short-term rampathon that was carried out with maximum effort by multiple brand new IDs in the couple of weeks prior to its most recent nigh on 3 billion share placing being announced. A very nice little short-term created spike, into which the institutions having agreed to take part in the placing could forward sell their placing shares and trouser an easy and instant 15-20%. Needless to say, the SP crashed by 20%+ on the Monday when the placing was actually announced...

Crocq's right again... the best thing is to trust no-one.

gkb if I get 20 minutes spare, I'll see if I can find what those ever so smart Spanish investment gurus have to say about the realistic prospects in drilling deep and expensive holes in Cornwall in an effort to come across the West Country's equivalent of Old Faithful.

Separately, yet again I have to commend Crocqman for his typical, well-reasoned and above all, commonsensical post below. I know of no way to short a stock like ANGS and I doubt anyone else does either. He's bang on right - the constant accusations of "Evil shorter!" are just an ignorant way for those with positive confirmation bias to attempt to explain away those holding more negative views and have precisely zero basis in reality. It's just another version of a facile ad hominem attack - or playing the man, not the ball, if you'd rather.

Looking at the subject title of this thread, one might have hoped that ANGS's own PR company could have taken the time to check it had spelled "Geothermal" correctly.

I can fully understand why ANGS wants to "transform" into a green energy company, because to date, it's produced almost zero fossil fuels. Actually, its pretty much entire lack of production of anything at all to date already makes it one of the greenest O&G companies in existence. However...

Re the Poundland gas field, we won't know how that's looking in terms of commercial viability until well into Q1 next year, when the level of recoverable production volumes will hopefully become apparent.

What's more. reading that piece of PR may come a bit of an eye opener for some. The timescales and investments required to get to a point where it can be seen if geothermal (note spelling) is commercially viable at any given location are both lengthy and massive. That'd be one helluva can kick, which I doubt many would put up with.

I do wonder why ANGS is again thumping this far distant tub again right now- slightly concerning, no? Anyhow, George, how about you learn to walk before you try running. Get on with proving that the company can get Poundland producing to a level that covers the company's fixed, variable and finance costs re the gas field. Literally nothing else matters - because if you don't do that, then none of this airy fairy futures talk is worth a spit.

Shining, if you don't want to buy any more shares (let alone at 0.18p, so at a substantial premium to today's open market SP), just take no action on the Open Offer.

You very definitely won't be alone in doing nothing.

In fairness, your statement of 16:10 on Fri 2nd July "last chance to get in at 0.24p" (which has to be seen as an encouragement to buy, no matter how one looks at it) was to all intents and purposes entirely accurate...

...because as was fully expected, the SP dived by around 23% on opening on Monday morning, following the forward selling of placing shares in the previous week's arranged spike.

(So I don't understand why you got quite so snippy at Penguins either? He merely pointed out a very recent and fully evidenced event?)