Member Info for HeadInTheSand

True... and equally how much gas and by when.

Fair point, milender. Regardless, I think you'll find I was the closest by a fair way.

...late MARCH sweepstake...

Maddog, newsflash. Nobody knows who they're posting to.

Be that as it may, I'm claiming bang on victory in Singhie's late May sweepstake.

1.6p close of biz on the first trading day in May.

More than a little harsh, DrAim? Compared to all other ANGS RNSes of recent years, today's was very clear and simple - and I'd say a breath of fresh air, compared to the weasel word blathering and wildly inaccurate projections of the previous CEO.

Best RNS ASNGS has issued in ages. Sure, the market's hardly gone crazy about it - but I bet the primary reason for that is because of its entire (and fully justified) mistrust of anything George spouted previously, rather than being down to the substance of today's RNS. I suspect that after so many false dawns, mis-set expectations and broken promises from the company, the market wants to see actual NSTA hard production numbers.

Having said that, an expected 9 to 9.5 mmscfd of production, once all three wells have been connected and are running at full chat, utilising both compressors? What's not to like about that?

Singhie, you must know that extrapolating figures purely linearly is never a good idea.

I honestly don't know why you're setting up a projection that's extremely likely not to turn out to be accurate. Why mis-set expectations, only to have them dashed by reality??? I mean, that's precisely what George has spent the last 3+ years doing... and that's done nobody any favours.

Look, currently Richard Herbert has an unblemished track record when it comes to spinning fairy tales or not. His RNS of today states that, when all three wells are connected and running at full chat, overall output is expected to be between 9 and 9.5 mmscfd - and that would be a more than reasonable result.

More relevantly, he hasn't said when that'll be the case... but it's a racing certainty it won't be within the next 16 days. So why you're issuing projections showing that it will, God only knows.

A 57% (and linear) increase in production over just the next 16 days.... I suspect you attended the same creative writing course as George Lucan, Singhie.

Yes, isn't it nice to have a non-George RNS?

Back of a *** packet. ANGS is currently producing around 1.8 million therms a month at existing flow rates (5.4 mmscfd - though today's RNS states 5.3? Never mind). If combined production gets up to 9.0 mscfd, that'd mean ANGS would be producing 3 million therms a month.

Sounds like combined flow will be between 9 and 9.5 mmscfd, once all three wells are running at full chat.

I'd say that would be a more than reasonable result.

Again, don't sweat the timing of the RNS. It'll come when it comes.

I get the desperation from so many for news, especially those who've been in for longer on a very bumpy ride. But actually, does it honestly matter if the RNS (hopefully announcing how much gas and by when) arrives today, tomorrow, next week? Nope, not really at all - so people should stop setting themselves up for disappointment.

The equally (and possibly more) encouraging news is that the new ANGS CEO has clearly realised that his predecessor's continuous wild over-optimism has damaged ANGS';s credibility and has seemingly vowed to be a whole heap more realistic and a whole heap more truthful.

And after all, isn't that exactly what genuine actual and potential investors would want?

FFS, just forget this board's resident Pied Piper. His is just a classic piece of AIM BB schtick driven by no more than pure self-interest (after all, all that matters to him is himself, his nearest and dearest... and his own bank balance). So he's not worth worrying about (unless you're dumb enough to be talked into buying the 25% of his shares that he's busily short-term trading at the top of any minispike, that is... but if you are, you've only got yourself to blame).

Look, the RNS will come when it comes and the content will be what it will be. Whether it's today, tomorrow or early next week hardly makes a difference in the greater scheme of things - and hopefully it will reveal more clear info on "how much gas and by when?"

The BEST news from this weekend's IQ answers is this:-

"We are conscious that in the past we have overpromised and underdelivered as regards timelines, so we are reviewing our corporate communications and use of Twitter in order to ensure that any statements can be made with a high level of conviction and so to build a deeper level of trust with shareholders. large and small. "

To translate that, it is basically saying "Look, sorry. Whether knowingly or unknowingly, George has misled the market for 3+ years by spinning fairytales that never once came true and in so doing has damaged company credibility every bit as much as Vonk ever did. We're now going to endeavour to be more truthful and more realistic."

Long overdue, but if you stick to this dramatic u-turn in comms strategy, well done, Richard Herbert.

Perhaps those who have spent months and months paraising GL to the hilt and (yes, really) thanking him (!!!) for all the BS he's spouted during his tenure might now wish to reconsider who to be fanbois of.

What has struck me the most is the change in tone. It's very obviously more measured and more conservative. This would seem to be directly as a result of Richard Herbert having been given the comms remit as part of his appointment as CEO. And I would say that without doubt this clearly more measured approach is a good thing.

I've commented before that RH had a problem to deal with, given the litany of George's ludicrous exagagrations and (at best) crashingly naive over-optimism in all his previous public burblings. What RH has to do was reset expectations and be far more realistic, while avoiding saying (too obviously) that the CEO immediately preceding him was (again at best) an idiot who's spent going on 4 years (presumably accidentally?) issuing information and projections that have invariably turned out to be totally wrong and thus misleading (certainly with regard to things as crucial as timescales and costs).

Reading the latest set of responses to IQs, I actually think he's done quite well and long may this studied and realistic comms strategy continue. Sure, and as Crocqman has pointed out, there are a few things referred to in the last IQ answers that inevitably clash with what we've been assured of before - but that's bound to be the case when inaccuracies are finally addressed. This new approach from RH is set to be a breath of fresh air, compared to George's nigh on hysterical over-optimistic BS.

Any building of confidence in ANGS used to be utterly hamstrung by Vonk and his utterings. It's now even more clear that George caused the exact same problems with his approach. It has been repeatedly evidenced over the years that neither was a person you could trust to any degree at all... but now and again based on evidence, there seems to be a good chance that the new CEO is very definitely not cut from the same untrustworthy cloth.

I would suggest then that the market categorically doesn't know the facts. It only knows what ANGS has said in its various inaccurate and/or clear as mud RNSes - and that content is demonstrably not the same as facts at all.

Re Paul Forrest, he currently holds 375 million shares (having sold 322 million to date since he first got his hands on any, 11 months ago back at the end of May last year).

With the exception of the c 60 million shares he got given in lieu of £1 million of cash at the end of January this year as part of the up to £6.25 million staged payments to cover off the 49% acquisition, the last RNS states that he's not allowed to sell any more shares "this quarter".

Looking at the date of the lock-in arrangement, "this quarter" probably means the three months of March to May 2023 , so he'll be able to sell up to another 137 million shares from June 1st, if he so chooses.

Wouldn't it be convenient if another short-term spike happens along just when he's able to sell again?

Equally if not more worthy of consideration is the auditable fact that in three trades between Apr 6th and Apr 20th, an ANGS non-exec director happened to sell over 137 million shares (and that was in fact the maximum he was allowed to sell in the current period), all at average pricing of of 1.80p.

Looking at today's SP, that strikes me as incredibly fortuitous timing...

Push it is indeed a funny old world - and one in which I am afraid that at best, you're not being honest with yourself.

Literally anyone reading your numerous posts over the last six or so months (which I freely grant have contained plenty of detailed knowledge on the subject of drilling) would have come away with the impression that they should hold for the gold and not be troubled by any negative SP movement or any more wary opinion stated by those less trusting of ANGS... because it was all simply bound to come good in the end and (to paraphrase, but not by very much) "ignore the murrrpets PMSL... the sidetrack is set to deliver ££££££ very soon."

Except take a step back for a moment... you weren't entirely following your own advice, were you?

As I said, there's nothing wrong with short-term trading, but that totally depends upon what you're claiming while you're at it.

Push: "I will do as I feel fit with my money & my stock thanks...."

...and dissemble while you're doing it.

Sure stocks are there to be traded.. and on as short or as long term basis as anyone wants. Perfectly good strategy for anyone, and as he points out, one that Baits very sensibly also uses. However...

Baits hasn't spent the last 4+ months posting endlessly trying to convince anyone that ANGS is a nigh nailed-on banker and long-term value hold while busily selling out in the background.

Push, you state " I have already banked over £27,000 from trading a chunky percentage of my holding over the last 4 months.." Fair enough - but is that statement going to sit comfortably with your endlessly and invariably uberpositive comments over the last four months?

I've not noticed you urging everyone else to short-term trade during this period? Instead, you've banged on and on about CoS and DoS, and done all that you volubly can to talk ANGS up as an almost nailed-on certainty that's a banker for long-term value... yet all the while while continually short-term trading a "chunky percentage" (your words) of your holding.

And throughout posters have kept thanking you for your eternally cheerleading stance... a cynic might say that, in the light of what you're actually doing, this seems a bit like sheep thanking the butcher, no?

Garwool has a point. Sure, there'd be an emotive and collective gasp of horror if the additional flow from the sidetrack was "only" 2 mmscfd, but only because GL had as usual wildly over-exaggerated in previously issued spouted nonsense.

However, an additional (and as Garwool points out) unhedged 2 mmscfd of production on top of the existing 5.4 mmscfd (I think that's right from memory) that covers the hedges would be a nice little earner and IMV would absolutely not cause the SP to drop - except for a potential and very short-term "God but George clearly fibbed again" downward movement.