Member Info for imac1

Thanks Alan certainly good to have the losses carrying forward to offset against future taxes. I am almost certain ANGS first few years will be at very very low tax rates once losses, allowances and expenses are offset. By then we will all be very very wealthy..!!!

Thanks for that Alan and yes as I have said unless we get deep into annual accountancy for a UK onshore E&P Company year by year it will be almost impossible to get true net value per bopd. I for one don’t have the time for that for enough things going on as it is. Happy for Starbright or anyone else to do the work and look over but for now my overall price per bopd will stay as a rough guideline.

Starbright I agree there may be a tax adjustment necessary but unless we go into all the details of the annual accounts and ways to get relief and allowances we cannot simply apply 40%. I can almost assure you that ANGS will be paying way way less than this which will become apparent at the end of the first year of production revenues only then will we get a feel for actual net profits. One thing o donkmow it will be a lot more than they are making now and the SP will be a lot higher. GLTA

Drones no drones, photos no photos, at the end of the day if we get results like HH and Balcombe and we are all going to make a hell of a lot of money ...!!!

Just a timely reminder why we are all invested here. Using Mr VONKs Number we will take his lower end of value estimate to keep things in check. So £25M per 100 bopd therefore 1000 bopd would result in £250M Mkt Cap. Shares in issue 404M £250M / 404M = 61.88p simple calculation Let’s do the calculation using PE As before Take Oil price at $70 - $25 operating costs = $45 $45 x 1000 = $45,000 per day x Angus 65% controlling interest = $29250 per day So in 1 month Angus will have $29250 x 30 = $877,500 In 12 months $877,500 x 12 = $10,530,000 Let’s take the middle PE ratio of 20 normally 15-25 for oil companies Market Cap $10,530,000 x 20 = $210,600,000 Converted into £ at a market rate of $ = £0.76 $210,600,000 x 0.76 = £ 160,056,000 So market value per 1000 bopd using PE would be £160,056,000 / 404M shares Issue = £0.396p There we go then depending on the metrics used we are looking at a minimum of between 39 - 61p per 1000 bopd depending on how ANGS is valued. All figures used are at the mid to low end of the scales.

Not long until we get news in the mean time the rest is just conjecture. For what it’s worth I will be adding to ANGS for as long as it stays at these bargain prices the Main Market won’t move on this until everything is confirmed much like GKP back in 2009 and Boy was that fun got in at 22p on the day of the news by the time Exxon takeover rumours came around it was 500p at the peak...!!! Some were in from below 8p much like Angs has been.

Thanks everyone

All calculations involve net profit so yes IPad Regards IMac ;-)

Just for clarity Using Mr VONKs Number we will take his lower end of value estimate to keep things in check. So £25M per 100 bopd therefore 1000 bopd would result in £250M Mkt Cap. Shares in issue 404M £250M / 404M = 61.88p simple calculation Let’s do the calculation using PE As before Take Oil price at $70 - $25 operating costs = $45 $45 x 1000 = $45,000 per day x Angus 65% controlling interest = $29250 per day So in 1 month Angus will have $29250 x 30 = $877,500 In 12 months $877,500 x 12 = $10,530,000 Let’s take the middle PE ratio of 20 normally 15-25 for oil companies Market Cap $10,530,000 x 20 = $210,600,000 Converted into £ at a market rate of $ = £0.76 $210,600,000 x 0.76 = £ 160,056,000 So market value per 1000 bopd using PE would be £160,056,000 / 404M shares Issue = £0.396p There we go then depending on the metrics used we are looking at a minimum of between 39 - 61p per 1000 bopd depending on how ANGS is valued. All figures used are at the mid to low end of the scales.

Recap
Take Oil price at $70 - $25 operating costs = $45
$45 x 1000 = $45,000 per day x Angus 65% controlling interest = $29250 per day

So in 1 month Angus will have $29250 x 30 = $877,500

Taking VONKs lower end estimate of value per 100bopd of £25M we get 1000 / 100 = 10
Mkt Cap estimate £25M x 10 = £250M with no Debt...!!!!

New Shares in issue approx 404M
£250M / 404M = 61.88p per 1000 bopd

And that’s from one well imagine 2/3 wells even at 1000 bopd we are talking in excess of £1.50 comfortably never mind the potential for 2/3 at 2500bood each the mind boggles .!!!

UKOG will also factor when it comes to takeover I see both being taken out around the same time with potential fierce competition from some of the Majors. Hold for 5 years and you will never have to work again..!!!

Enough said sit on the sidelines all you want people this will be massive and eclipse the IKEA of Rockhopper only stock I can think that is worth a comparison is the rerate if GKP from 13p to a peak of 500p when Exon rumours circled. Believe me if this is a a big as we hope the big boys will circle in time the the SP will be well into the £££.

Some will wait for placing shares some will wait for HH results until then we will continue the steady climb. Once both the above are out of the way and especially if HH is a good result then the SP will rerate very very quickly to well over 20p. Then it’s up to us at Brockham to unlock the real potential of the Weald this may change my life forever and I’m not going to miss one bit of the action...!!!

Brockham exceeds expecatations then we are almost certainly staring at a rerate above £1 of that I am almost certain now after the last few days discussions a big thanks to all contributors.

All the usual signs that this is about to go up over 15 within the next 10-15mins. MMS all on a higher bid.

Very good sign with the amount of posts and people commenting on other boards about ANGs I think when Brockham flows come out and are anything over 1000bopd the SP will relate massively.!!!

Up she goes getting quite obvious when the bid / offer will increase. Continuous buying pressure.

Shakeyyerbooty couldn’t agree more and appreciate Starbrights conservative view but Angs will be debt free and onshore UK so our figures are far more likely let’s meet in the middle and we are still talking 40-50p per 1000 bopd.

New price example with Shares total issued updated. Take Oil price at $70 - $25 operating costs = $45 $45 x 1000 = $45,000 per day x Angus 65% controlling interest = $29250 per day So in 1 month Angus will have $29250 x 30 = $877,500 Taking VONKs lower end estimate of value per 100bopd of £25M we get 1000 / 100 = 10 Mkt Cap estimate £25M x 10 = £250M with no Debt...!!!! New Shares in issue approx 404M £250M / 404M = 61.88p per 1000 bopd And that’s from one well imagine 2/3 wells even at 1000 bopd we are talking in excess of £1.50 comfortably never mind the potential for 2/3 at 2500bood each the mind boggles .!!!

Wolf it’s only a matter of time before ANGS is in the £s.