Member Info for highroller

with due respect, the likes of Alan @co should have no affect . Only an idiot will believe anything they shout about. The group of doom and gloom posters are acting in concert and their pointless criticism is quite apparent. Hence I recommend the FILTER. its very pleasant.

could not agree more.

excellent question and lets hope this gets answered without delay

looking forward to what tomorrow brings. hoping for a very positive day.

prefer this remains cheap for the next few months. it is looking good and i will be adding late summer.

UKOG pursued a strategy of acquisition of bigger stake in HH causing massive dilution and encountered exactly the same problems as angus. Yet the BOD of angus is accused of all sorts of deceitful conduct and no one dares ask/accuse SS where the failure is much bigger on all counts.
the commercial reality is that oil exploration is a risky business and you will find out what is actually out there when you actually do the job.
equally, no one has asked questions about rent ,bad debt etc etc but spent hours all weekend ranting away. the BB was mostly green 4 me .
tomorrow much will be revealed. we have more chance of success than UKOG and we are much better funded with lower overheads.

UKOG pursued a stratrtgy

GKB47- you dont mention that UKOG bought almost everyone out by issuing shares. Even their HH is bought from Angus. Oil exploration and production is a risky business and no one knows exactly what's exactly underneath until you drill .Even UKOG has not been able to master it over past 4 years and amazingly Angus is confronted with similar issue over the same area.
However, Angus should have made the revised application for Balcombe and sorted Brockham permission for Portland as well. Not doing so is grossly incompetent.
Since UKOG is making efforts to increase production, it should be expected that the same case will apply here. It is just not the priority. But I reiterate that angus should have submitted the applications in good time. the continuing incompetence is outrageous and unacceptable.

very disingenuous of you! made a meal of subsidiary company accounts and spreading false information about labilities. The obvious fact is that the subsidiary reflects the money owed to the parent company and this will be repaid to the parent TAX FREE when production starts (upto full utilisation of tax losses). The true liabilities of the company are reflected in the consolidated and audited company accounts which ignore intercompany balances.
Deliberate distortion of facts is deceitful at the very least. looks like I have to add you to my filter list. Its pleasant to see a long list of greens.

former/new shareholders will pile in on consistent delivery by the company. we are much closer to realisation of revenues and the barrage of negative, ill-informed and deliberately misleading posts confirms significant interest. Balcombe and SF will be producing this year.
Bring on the overdue news.
a pleasant surprise may be Brockham production from the portland. it should produce as much as ukog.

100% agree about failure " not completing a revised planning application for Balcombe in time for the next planning meeting and not completing the Poundland offtake agreement by May 2020. Pure genius." However, statement about liabilities is complete BS. You ought to know and probably know that you are deliberately excreting cr*p.
Still I say this will perform very well.

now would be a good time for the BOD to buy shares as the close period is over.

perhaps xmas tea/drinks will do.

SF--Our aim is to complete tendering before mid-June with a view to pipeline connection in Q3 and installation in Q4 with an eye to first gas near the end of the year.
Balcombe---we therefore shortly intend to resubmit our Planning Application for a shorter well test duration. We would still aim to be looking at operations and cashflow from this asset in this calendar year.
Bank---As at 31 March 2020 the Group had cash of £2,591,000. ADD £1.4 received in April.

Interims will be released on 30.06.20 as confirmed on website

http://www.angusenergy.co.uk/investors/financial-calendar/

people are taking position ahead of imminent RNS. all sells are being taken out. 1.35 million bought today

yes- 2 trades but 38 posts -mostly filtered trash. good news must be close considering all the prophets excreting their agendas ferociously

not happy with either response. all work should be completed in time. This particular application is being revised/modified. Angs is making a meal of it. There is no other way of looking at it. The company did say within 6 weeks in its operational update. Then it must adhere to its own guidelines. it should be made clear what sort of expenditure will be incurred on RESTARTING production from Brockham and Balcombe. We are not drilling all over again. we are extracting and the expenditure should be minimal. . Angs had approximately 4.3 million cash at bank after the CLN in april. normal cash burn is 125k per month. SF is about 1.75 million. So there is plenty of cash to progress 3 basic and fundamental projects yielding much needed cashflow. same applies for gas off take agreement. There is no need for placing .

how long does it take the company to submit a regurgitated application for Balcombe? It was supposed to be 6 weeks from 01.05.20. This company does test investors patience.

I have filtered most of the doom and gloom prophets here. best way forward. waiting for 2p later this month.