Member Info for Ibug

Axebob Suggest you read the planning application for tomorrow and see if the BoD agree with him. You appear to be about 5 months behind the times.

Look at the shadow. No way is that 1630. Promoting rubbish submitted by someone else is the same as promoting rubbish yourself when it is that obvious. Compare it to your picture on the 16th.

Pboo (he has me on filter cus I called him a ramper ages ago on UKOG) up to his old tricks again. Read Alans post last week on subject of crate and yet he still tries to make out the opened crate is the saviour of the world. As for that photo of the crane. Look at the shadows compared to those taken by others at different times. The gate faces approximately ENE looking in so shadows inside the gate are pm and outside AM. If you get the hedge you know it is afternoon. Amazing how some will try it on. "Pboo - appreciate you revisiting the site to take further photos. After reviewing the photos and especially the close up photo of the donkey over X2, I would say it's highly doubtful that the ESP downhole pump is in that crate. Firstly the ESP is an expensive piece of kit with electrical connections, so I would be very surprised for Angus to leave it out in the elements (even with it being covered, it's not in a controlled climate free of moisture). I would expect the ESP crate to be kept safely in a ware house, ready for the rig to arrive and then it would be shipped to the site. Considering this is the replacement ESP, even more careful handling should required."

You have to wonder why they have PR and a twitter account and yet yesterdays event did not feature on it. YET.

They were giving out free tickets on Friday ;o)

For those of you who were going to object - tough. Consultation period closed yesterday. Roll on 23rd May for Brockham and Holmwood decisions.

Listen to Vonk 3m 30s into the LSE interview and tell me why they needed to do another placing. www.angusenergy.co.uk/media/videos/ Do they really think all PI's are stupid? Don't even answer that.

Of course it was a badly worded RNS. Speculation. I wonder which definition of speculation they used when writing the RNS? 1. the activity of guessing possible answers to a question without having enough information to be certain: 2. the act of speculating in order to make a profit. I particularly liked 1 but someone somewhere let the cat out of the bag on that one so it wasn't speculation at all. They knew imo. If it wasn't for loot and Pboo we would be unaware of what the company is also failing to tell us. On Monday loot said "10 days ago on a Sunday. Only saw one nodding donkey." So between then and Tuesday we have gone to two nodding donkeys and only one working. That means our main source of income, Lidsey-2, is not producing. imo that is worthy of a RNS on it's own. Failure to report OGA approval for the 25% should have been reported as a RNS. I for one shall be keeping an eye on the price the BOD pay for any shares. After Danadavgate and Flowermaygate I hope Tidswell reads these BB's.

Not sure which way the SP will go as the go ahead for 25% of licence for Balcombe is worth a fair bit. It is just bad timing yet again and someone needs to loose some gonads over it. Just need OGA approval to become the operator (that can't be far off now) and it's full steam ahead. Every cloud has has a silver lining and it gives more PI's a chance to climb on the bandwagon.

easy. It said so in the RNS. I never said the testing would cost �4m. but we still ned to pay for it. www.lse.co.uk/share-regulatory-news.asp?shareprice=ANGS&ArticleCode=v743vj8i&ArticleHeadline=Agreement_to_acquire_25_of_Balcombe_Licence

�3m last November �2m in February Balcombe costs �4m. And they come up with this as an excuse "to fund the �2million payment that, as previously notified" Where is all the money going? We should still have that money in the kitty imo. We don't even have a downhole pump yet and they still need to pay for well testing at Balcombe and Brockham. All in all a badly worded knee jerk reaction RNS imo. Looks like my average of under 6.2p is going to be tested again. Looks like Lenigas taught this lot a thing or two during their time together. Proceed with caution.

The polished rod on Lidsey-2 also looks new to me.

little miss muffit Amazing how the article came out at 1343 and it took you so long to mention it.

Has he got the right company? "Angus has a stake in the Gatwick Gusher; not a prospect I�ve always been especially polite about, truth be known, but I know it gets retail punters hot under the collar. "

Nianjabi Pumping rates are either m3/hour or litres/hr. BOPD is exactly as it says - barrels of oil a day is not a flow rate as wells do sometimes stop producing. Twice the company has used the term continuous in the RNS from the 29th. www.lse.co.uk/share-regulatory-news.asp?shareprice=ANGS&ArticleCode=fo5grktk&ArticleHeadline=Resumption_of_production_at_Lidsey_and_Brockham Angus Energy Plc, a conventional oil and gas production and development company, is pleased to announce the Company has resumed continuous production from the Portland Reservoir of the BR-X2Y well at Brockham and the Great Oolite Reservoir at Lidsey from wells X1 and X2. The three wells in continuous production have an aggregate flow rate of 212bopd. A natural decline of the production rates is expected over time. I don't think that could be any clearer. The trolls can trot on as far as I am concerned. If you think today's subject has been overplayed just look at what we have to put up with at sea!!! www.cultofsea.com/tanker/cargo-calculations-tanker-work/#ASTM_Tables_Usage_Procedure_of_Calculations Flow meters are in m3 or litres on all the ships I have been on. As for the pump on Lidsey-2. I hate to say it but the RNS did not say new pump. It did not say downhole pump. It did not say ESP so the wording of that part of the RNS looks like Tidswell at work as I don't think Vonk would have the intelligence to word it that well. Only my opinion but when Pboo puts up more pictures I don't think we will be seeing a downhole pump in sight..

Have you ever taken photos from the 2nd entrance? 4 years ago it was up the lane between the field and the sewage plant and was access for fire vehicles and much closer to the wells. Not sure if it is overgrown now.

That is sarcasm by the way. Think we have been had yet again.

Doesn't sound like a nodding donkey to me. The completion of the Company's programme at Lidsey, to optimise pressure differentials and maximize production flow rates, was marginally delayed by factors commonly associated with oil and gas production - including a lack of new and additive equipment in the United Kingdom. Given this scarcity, the Company has taken all necessary precautions to ensure redundancy in the newly installed pump and extraction system.

mmhater I think the rampers did quite a good job getting it to over 37p on the square root of FA. No doubt they will all return. I calculate what a share price should be and base my buying and selling on those figures as a guideline. We are at 7p at the moment and I reckon we should be at 13p. Brockham at 600bopd and I would be looking for 30p. Simple calculation based on POO, bopd and MCAP and all those figures being variable depending market at the time. Once Brockham comes on line and SP goes over 30p I shall be looking to offload a few when I think the time is right.

mmhater Which method did you use to calculate SP for Brockham? 1 - Enterprise Value to EBITDA 2 - Enterprise Value/Daily Production 3 - Enterprise Value/Proven + Probable Reserves 4 - Price to Cash Flow 5 - Enterprise Value/Debt-Adjusted Cash Flow 6 - Ouija board 7 - Seance 8 - Another