Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Every day there is progress and we get closer to gas. Works going on at full throttle. The SP is all set for a big rise on permissions/ bids etc and as we flare the gas pre-production, it should be over 2.5 pence comfortably.
Absolutely disgraceful that we still have not seen the SFB plan. However, we do have https://twitter.com/angusenergyplc
Croqman-SFB is on course to deliver and it will be outrageous and deceitful of the BOD if there were significant delays ,considering they have reiterated several time that there are no material delays. One expects to start posting weekly updates, as promised by them , and my guess is that they are waiting for EA/Linc council permissions to set the timeframe. there is plenty of gas and SFB is cash cow that everybody (6 so far) want.
SOU offer was low ball and quite pathetic . SOU has immense issues with its own debt obligations .
Angs has already had a placing and Paul selling may be to funds SFB share of increased costs. Paul may be interested in buying SFB for cash anyway . either way, Paul is almost out (maximum 5 million shares left) and consequently his sales will no longer be there to suppress the SP.
SFB, in its own right is worth £60 million less any debt if the CPR is to be believed. But don't be surprised that a cheap deal around £30 million NET to Angus is done with the entire BOD palms properly greased. Standard AIM BOD screw*** shareholders for their deep pockets. The SP is only going one way. UP. All the doubts being created around GAS is complete nonsense. Its happening. End of.
the upward trajectory will be consistent from now onwards . there are permissions expected. more progress generally. we are very close to warrants getting exercised as SP rises . and a Bidder may launch sooner than later.
We will break the 1.10-1.20 barrier when council permission comes through and EA permission comes through too. I wont be surprised if the bidder shows their hands. A serious buyer will put forward a formal offer sooner rather than later irrespective of the size of the offer. The longer they wait the more they have to pay as project takes off., which it already has.
https://twitter.com/angusenergyplc
decent progress
Ea permission is partially priced in the SP. its all about what angus can deliver in time?
If angus gave an indication that they expect EA permission by the 17th this month then must have had some sort of guidance along those lined from the EA. lets hope this time the train does leave the station. \its been stuck for far too long!!!!
Shocking to see that after all the positive noise from Gl there is zero on delivery . Cheap talk keeps getting dished out relentlessly . they cant even put up a picture of equipment arriving on site or some works beginning but they audacity of showing confidence in Feb 2022 production without a shred of evidence.
There should be no doubt that this is very good news.
The pressure in April 2022 is eliminated.
Funds coming from gas could be directed towards Lidsey or other progress. Lidsey may get farmed out anyway.
With EA permission expected shortly we should see serious upward price movement.
additionally. equipment is arriving which eliminates heaps of logistic problems.
Todays news is very bullish and market will probably wake up begging for shares. Let people digest the news today.
The derampers have been dealt a huge blow. Probably now they will be arguing there is no gas.
the increase in gas prices is an immense bonus .
There is no smoke without fire. matters may be progressing better and those close to the management may know something we mortals don't. Expect another bullish session tomorrow to confirm good news this week. it could be equipment related. it could be EA related. but its definitely gas related.
we will find out very soon
I expect the EA permission on the gas to be imminent too. This is an old producing site and restart of production with all the regulatory hurdles already dealt with, the permission should be forthcoming any day. Any delay is EA incompetence/red tape. At the end of the day those civil servants need to justify their existence.
Frankly GL has no credibility and its criminal that he has wasted so much time and money on a pie in the sky rather than accomplishing anything on legacy assets as he calls them.
all the more reason of RNS updating progress instead of delays. we should be at 3 pence plus if only GL can get his finger out
these must be fee shares on loan funding (35 million in total between 2 parties). 8-10 million have been sold so far this week alone and similar number over the past few months ,since issue. average of 6 million per month since June equates to approx 28 million sold so far with about 7 million left to go. one RNS will clear the overhang and we can proceed above 1 pence. probably next week
as per company website.
Currently the site has a water replacement pressure support well (BR3), a Portland Sandstone production well (BRX2Y) and the BRX4Z sidetrack. Angus Energy still see’s significant value in the Brockham field and intends to continue production from the Portland Sandstone via the BRX2Y well, while also injecting produced water in the BR3 well to maintain pressure support in the reservoir and to increase oil production. The company is also evaluating the potential to perforate the BRX4Z sidetrack in the Portland Sandstone and isolate the Kimmeridge section to further increase the recovery of the remaining Portland oil pool. Angus Energy hopes to have all regulatory permissions to produce, inject, and perforate effectively in the near future and maximise recovery from the mature Brockham asset.
https://www.angusenergy.co.uk/what-we-do/brockham-oil-field/
EA decision must be very close.
Gl has caused another small/minor delay out of sheer incompetence. The cu** cant even buy shares that he pledged because he knew the mess he created. Its a minor delay bit no BOD share buying him which is totally under hid control. When they keep referring to their F expertise and fail consistently on every step of execution the cun*8 should realise that its GL and crew who are incompetent, negligent and failing on every matter . Yes there is value here but I blame GL and his outright arrogance and negligence . the company is worth tens of millions BUT some of the arse&&&& must be fired.
J2nd- Your post summarising the recent RNS is spot on. Warrants will come into play once SP goes through the roof. All we see is the usual dissidents making foul noise and distorting reality. I will bet when the gas flare pictures come up, the herd will arrive seeking 10 pence. the management definitely intends to be producing gas this year and with gas prices at all time high the value of gas alone is over £50 million plus . Its happening now after the money is fixed and at good speed. AAAG are in despair.
its very obvious that the farm out deal/finance are not even an issue and this is being concluded over the next few weeks. we are days away from 1 pence. Game on. very honest presentation and JA interests are fully aligned with shareholders. He owns a very large chunk of the company . the company valuation on Cameroon alone is above 200 million plus at current oil prices. that means SP has to go up 15 times just to get catch up.