Member Info for ineed2know

sounds like they have as much respect for may as I do . she was so arrogant to call an election that made her position weaker start negotiating without any plan invoking article 50 before knowing what she was doing, refusing to consult with anyone to get consensus even in her own party,making impossible demands that everyone knew was just wind. an when the eu wipes the floor with her claims she got a great deal such a great deal she insists on putting it to parliament time after time when surprise surprise it gets voted down . an you put more faith in idiots like her to run our country ? respect you have more faith than I do.

personally I have more faith in those unelected bureaucrats than our own carrier politicians, because they do more for what is good for me. as bad as they are to be able say such a thing just shows how bad a job our own grown politicians are. dont kid yourself the far right farrage lot will destroy the NHS an break up the uk they are happy to gamble away peoples future prosperity an equality for there own ego an bank ballance. an when it all go tits up ill guarantee its will be someone elses fault. just like the bank crisis it will be every day folk that pays the price. an he will either retire to his estates fox hunting shooting grouse or get a job in the usa .

"as planned, successfully isolated the water zone without bringing hydrocarbons to surface" which would be great if we where in the spring water business ......"We will now analyse the results with our partners before proceeding to the next stage" whats to analyse ? turn tap on no water away we go !! there just did it for you angs send an email took 10 secs NO DELAY AT ALL. so we can expect full well testing equipment in next 2 days for test kit to arrive an 10 days to set up then 2 weeks of testing. cant wait to see if new angs is any better than the old angs regards delivering on promises.

sp bobbing around 4.25p since dec.-jan DL decides he needs funds an sells up an wants 5.6p so accordingly the sp rises to 5.6-6.3p as soon as he gets what he wants BANG rns stating we plan on funding a new venture big dilution at 4.25p again. did DL know what was coming an did tids paid him off to keep quiet? all speculation on my part. why dilute now the sp started to recover good news supposedly round the corner expecting the sp to recover back into the teens why would a bod actively force its sp down its almost as if it was intentional WHY!!!

since day 1 ... I invested for 1 reason brockham already a producer fully licenced an HH just over the hill next door just months away from a major discovery .since I have seen dilution after dilution with the monies raised either squandered at lidsey paid for running costs or further acquisitions. I have said many times before if we are not producing oil the only other thing we will produce is more an more shares that only ever supports a bods wages an life styles most of us can only dream of.
the bod have to prove angus is a viable investment with a future an not like so many AIM companies who are only out to separate investors from there cash with sales pitches that have little or no chance of ever coming true. personally my patience ran out in December .

you cant help wonder why place now !!! the acquisition is seriously bad timing for a company that as yet does not produce enough to cover running costs . INVESTORS NEED TO SEE A RETURN IN THERE INVESTMENT FIRST!!! we need to concentrate on getting what we have to produce before we go off speculating elsewhere. angus desperately needs a revenue stream or current investors will never see a profit.

board spat minus (resolved) , water issues at all well sites minus (un-resolved), YA loan minus ( partially resolved),share dilution minus (resolved), DOR sale minus (unresolved),well equipment delay minus (partially resolved).written permissions minus (partially resolved).
over the past few months we have had a lot of negative pressure on the sp which in my view is down to bad site management planning against risk. whether that was down to being over optimistic ,penny pinching or negligence (I suspect a pinch of all three myself !!!) yes tids I am looking at you !!!
the good news though is that none of the above effects ANGS fundamental potential going forward test after test says these wells in there own right can still be a game changer for a company. the other good news is that all though some of the above couldn't be avoided i.e YA loan, dilution an DOR sale they are mostly behind us or will be in days 2 weeks tops. same with the other issues that WHERE avoidable 2 weeks tops. once the DOR overhang is gone we will see a steady rise back into the low teens. then any news regarding increasing production will just send the sp ever higher. so for myself even though I have a low opinion of the management on past performance I am optimistic on how they have responded to the challenge on moving forward( so far).

AGM what a good time to announce the uk is now officially expected to be an international oil exporter MORE OIL THAN OPEC due to oil discovery in the weald at 2 wells brock an bolcambe !!!!

wonder how that RNS would effect the sp ???

the potential exploration lead to the west of existing Lidsey is probably horndean ,its so much cheaper to expand from an existing well as opposed starting a new well site, which makes sense to me. however spending our cash on a new project before we establish a production source from brockham or balcombe is a mistake in my opinion as this will only mean more dilution later this year further depressing the sp punishing loyal investors yet again. we should not be expanding until we establish a production base to support future expansions or angs will no different from so many other companies on aim being there only source of income being dilution .

it looks like some the extra funds might be spent on buying an interest in horndean. its producing 150 bbl/d ukog paid 1 mill for 10% I wonder if we can do better if we do.

is nothing more than a figure head using his family,s name to make a living. I expect his name to pop up in several companies BOD getting full time wage doing part time work that's presuming he does any actual work in the first place.

once the shares are sold I think we will naturally rise above 6p we also need any positive news afterwards to bolster sentiment the sp will rise higher back above 10p.the best news we could have is that we actually producing over 400 bopd that will a massive difference.

the RNS stated there intensions on the 14th what they wanted to do with the funds raised the latest RNS has no mention as to whether this had been achieved.why not? an even if your right still does not change the fact millions of shares are still being dumped on to the market until these shares are soaked up we will not see a recovery. anything red over 100k at such a historic low level has to be of the 55 mill dilution its the only thing that makes sense. until this stops we cant recover it wont last forever an when it does stop THEN we will see this recover above 6p again.

if we are still selling those 55 mill shares then we the investors have the worst of both worlds because if it is the case we probably failed in paying of the YA loan on schedule which was the purpose of the dilution which means we get shafted from them selling PLUS the bod in there infinite wisdom still dumping millions of shares onto the market.
I saw nothing in the last RNS about achieving either the sale or the paying off of the loan. until the bod finish selling expect no recovery.

the reason the sp has hovered around an fallen below 4p is because we are still trying to off load 55 million new shares onto the market? whilst at the same time not producing any positive news or any news for that matter. maybe the bod should stop presuming investors are mugs an start treating us with a little more respect.

the bod set the price diluting at 4p so that's where it drifted too anything below 4p suggests they are struggling to sell these many new shares. the arrogance to presume they can discount the share on top of bad news an confusion makes the bod look like incompetent at best an total disrespect for investors already invested.

we need results ... we need a plan .... we need respect. not deramper just very very frustrated!!!

cant see this dropping below 4p if it does it should rise above again soon after until the placing has finished. I think this is the reason we have no a RNS also until the placing has finished which is a good thing because we don't want the news to be wasted we need a boost to the sp when it comes. I say thurs- fri we finish placing an get news.

I think this is falling because some are selling to buy back in at lower issue price 4p for me the sooner it hits 4p sooner the extra shares get sold the sooner we bounce back up to 6p+. any news from balcomb or brock should see this share jump. if any news breaks before we hit 4p there will be some unhappy punters .... you place your chips an take your chances I guess.

we will have funds now going forward. share holders are desperate for clarity we need to be told what the money will be spent on an a 3mth- 6mth-12 month plan that he can keep.an he better keep to it an keep us informed or he will never earn our trust completely again.

2 mill nov. + 2.2 mill feb.+ 3 mill YA - 1.5 mill YA = 5.7 mill ...... 2 mill to work brock. and balc. nov. - feb. leaving 3.7 mill to do what ? fix brock and finish balc. it cost 2 mill to drill/test both of them shouldn't take nothing close to rework them specially if brocks an easy fix as claimed by tids so whats the rest of the money for !!!! maybe its to clear YA loan completely so you can take another 1.5 mill off leaving 2.2 mill seems a lot to fix a simple problem. unless its not as simple as we have been led to believe?

personally I always thought we should look at what we got, figure out which is our best rout forward regards income an concentrate our efforts there ok prior to last month that was brock for me now it has to be balcombe angus needs revenue an fast.

so we take a loan for 3 mill also dilute 2.2 mill worth of shares @4p 20% below market price as of the day before RNS so what is the money for exactly? what happened to the 2 mill placing we had in November? ok we repaid YA 1.5 mill but will we really have burnt through 5.7 mill in less than 6 months? an if so what do we have to show for it !!!!