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A prospective UKOG/ANGS joint venture? That would be a marriage made in the very deepest depths of Hell.

...aaand despite the frenetic efforts of the Ocebot and its very recently acquired tag team partner, the SP drops back to a 52 week low.

How very unsurprising. How very ANGS.

Well hey, at least the tweaked website gives the long-suffering Ocebot something new to pretend is important, meaningful or relevant.

One thing that raised a laugh though was this text from the new website:-

"At Angus Energy we know that investors are the lifeblood of our company and we believe in being as open and honest with shareholders as our regulators permit us to be."

...and ironically that's right below some wildly misleading revenue, profit and EBITDA figures, and also right next to an equally unrepresentative graph showing SP levels between March 24 and now. A very carefully chosen period, since showing 12 month SP levels would look nowhere near as flat (the SP has dropped by 65% over the last year). Open and honest, eh?

Sure, you can put lipstick on a pig. And you can change the colour of that lipstick if you so wish. But at the end of the day, all you've got is still nothing more than a pig with lipstick on it.

I'd certainly agree that there's plenty of pumping going on...

(not so much of gas, though).

On the contrary, the current SP is very easy to explain, provided that one takes any rose-tinted spectacles off and views ANGS in the light of cold, hard reality.

This is something that Ocelot and his/her ilk will be utterly incapable of doing. After all, the cheerleaders endlessly sang the praises of Pinocchio Lucan to the high heavens when he was at the helm... and look what a state he left things in.

"Difficult to explain"? Hardly - something is only worth what someone else is prepared to pay for it. The market is very clearly showing what it rates ANGS as being worth, and wasn't fooled at all by the substance-free 'jam tomorrow' nonsense recently spouted out by the literally clueless Zielicki to "love for hire" Malcy.

At least the CEO's recent interview with Drill Or Drop was a lot more realistic... in fact, one could easily have thought that the pair of them were talking about two entirely different companies.

Credit where it's due. The Drill Or Drop interview by Richard Herbert was notably more balanced and realistic than the idiot puff and substance-free nonsense burbled out by the know-nothing KZ to Malcy.

Looking at some of the cheerleaders who have constantly posted (with zero effect) on this board, the following snippet raised a smile:-

Q: When I spoke to George Lucan five years ago, the share price was 1.375p and he said that was absolutely the bottom. It is now 0.25p. Is that as low as it can go?

A: Well, it’s like predicting the oil price. How do you predict the share price? I believe we’re significantly undervalued. We’ve had to fight to get through some very difficult situations in the last 12-18 months.

"Difficult situations"... entirely caused by the actions and decisions of the previous board. Let's not forget that Hans Christian Lucan, the previous CEO was consistently and unswervingly praised like he was the new messiah by the likes of the Ocebot and his/her ilk, while he was at the reins and royally screwing the company up.

The cheerleaders have precisely zero credibility.

For God's sakes.

In a week's time, I'd like to see myself winning the Euromillions.

Newsflash - you can't take wishes to the bank.

Factually speaking, KZ's puff piece interview with "love for hire" Malcy has (utterly unsurprisingly) turned out to be as credible and as effective as the notorious LadyOfAim, whose latest BS prediction the cheerleaders were frantically brandishing a few weeks back.

You cannot fool the market.

Why would I take flight at a Malcy paid love-in show? Just more meaningless and substance-free puff.

Any "love for hire" Malcy interviews are completely pointless, regardless of the company hiring him - apart from (very briefly) giving cheerleaders something new to wave about.

Let's just watch and see how the market reacts to this latest litany of promises. Sadly, the market's pretty smart, so the company has almost certainly wasted Marky's fee.

Again, in that PR puff piece interview, KZ proved that he had next to no knowledge of ANGS. So why anyone believes - based upon what he burbled - that the directors are for some reason currently unable to buy shares, God only knows.

Rather than endlessly overexaggerating things, it seems that all the cheerleading squad has left is to claim that there's some big positive but utterly unknown thing just around the corner...

Simon, you point out that the details of the Trafigura £20m loan are not entirely known. Not quite true - what was unknown for a long while was the nature of the replacement hedge arrangements (finally clarified in the HY report) and what remains unknown are the terms of the offtake agreement with Trafigura. The terms revolving directly around the loan itself are generally known.

And (unless that offtake agreement is particularly usurious) it should be remembered that those loan terms are somewhat less onerous than the previous eye-watering Mercuria/Aleph arrangement - though the eternal 8% royalty due to those two on all gross revenues from existing wells persists, unfortunately.

So no, I don't think Trafigura is a "bad" lender at all - I think it's a very smart and capable lender. And as such, I am beyond certain that it will have ensured that any capital lent is not at risk in any way.

It has of course achieved that by means of surety, i.e. charge over the company's assets - which in one way is encouraging, in that it ascribes a minimum presumed value to said assets. Bu of course - exactly as with a property that's been mortgaged - there's a world of difference between the simple vanilla value of an asset and its net value to the owner.

KZ is the informed genius who stated - in a PR puff piece as well - that Saltfleetby's average monthly production was three times lower than it actually is. Yes, really... feel free to check his recent interview out. 42 seconds in, from memory.

With that sort of level of clueless incompetence chairing the ANGS board, the fact that the company's SP continues to circle the drain, despite the best efforts of the Ocebot and the LadyOfAIM, is hardly a surprise.

"That constitutes a major expression of confidence in management and in the company's prospects."

What utter disingenuous BS. What it actually indicates is that, like previous lenders to ANGS (Mercuria and Aleph), Trafigura also bent ANGS over a barrel and cut itself a very sweet and lucrative financing deal, again part of which was it making sure that it was in no danger of losing anything.

Conrad, I genuinely wish for any long-suffering holder to get some £££ too.

Unfortunately, I'm beyond sure that by this stage it's vanishingly unlikely - though hope of course costs nothing.

Are you feeling that their "told you" moment is near then, Conrad? Or are you still valiantly keeping the faith?

"Buying at 0.25 and selling into volume"...

Well, for starters, there's not been a huge profit available to anyone if buying at 0.25, let alone any volume to sell into.

Secondly and ironically, it's BB posters and self-styled Twitter prophets - just like the LadyOfAIM - that spend their whole time trying to talk up SPs into a spike that can then be sold into.

For example, where's that "big news about ANGS next week" that she was alleging she heard about a couple of weeks back? Nowhere, just more attempted ramptastic BS.

Anyone would think that an utterly unforeseeable and hence entirely unexpected event like "winter" is not too far away.

Hang on...

That's just won the award for the least plausible post of all time.

Doubly impressive, since this is after all the Cloudtag discussion board and therefore no stranger to outlandish porky pies.

...and utterly unsurprisingly, despite the valiant but cack-handed efforts of the Ocebot and Mystic MegToMany with pleading talks of future gas pricing and Loxley farm-ins, the SP drops a further 10% back to a 52 week low.

As certain as your legendary "guaranteed" prediction of late Jan this year that the SP would be at 1.5p minimum by the end of March?

To remind you, when you made that blind and ramptastic stab in the dark, the SP was 0.5p... so, rather than trebling as per your endless assurances, it's actually dropped by 50%.

Perhaps fortune-telling isn't your ideal career?