Member Info for Ja51

I assume you mean The former chairman by that comment??......lol

What......... you mean the three barrels a day!!.....lmfao

https://itportal.ogauthority.co.uk/pprslive/production-data?start_date=Jul+2018&production_type=OIL&production_unit=OIL_FIELD_UNITS&operator=ANGUS+ENERGY+LIMITED&regulatory_jurisdiction=LANDWARD

Access to £3.5 million cash?? not true degsy!!

The flow will be constrained by the gas produced going into the Gas generator.
41.The rate of production from the BRX4Z well will be constrained by the capacity of the generator.
Should the gas produced start to exceed the capacity of the generator to accept it then the well rate will
be choked back. The applicant understands that the existing generator is capable of being configured to
run on a variety of fuel sources, including gas. Further, a portable diesel generator is also permitted by
planning permission ref: MO/2017/0916.

42.Whilst it is possible for the existing generator to utilise the gas, given the relatively short term nature
of the proposed appraisal works, it is likely that the existing generator will be replaced with a new, hired
in unit. This would consist of a 375kVA gas generator with an output range of 511 kW per hour (at 50% power)
to 933 kW per hour at 100%

43 .At a production rate of 300 barrels of oil per day (BOPD) the associated gas from the Kimmeridge
is anticipated to be in the region of 71 cu m per hour which is equivalent to approximately 770kW. The electrical
output will be matched to the available gas output, i.e. the electrical output will be increased when more gas
is available (higher pressure)and decreased when less gas is available (lower pressure).

https://mycouncil.surreycc.gov.uk/documents/s49623/BROCKHAM.pdf

Link to the type of unit stated.

https://www.aggreko.com/en-gb/products/generator-rental/generators/gas-generators/gas-generator-375-kva

"Vonks states he has enough to fund operations"

really?? when and where, please??!!!

Youngba

Read the first couple of pages!! DYOR!!!

http://www.angusenergy.co.uk/wp-content/uploads/2017/02/Angus-Energy-NEX-Exchange-Bond-IM.pdf

The Bond cant be accessed as they have no money coming in to service it! An obvious condition of taking it!

£1.6 Million where do you get this figure from?

Have a look at the OGA requirements they will need to comply with before the games commence!!

https://www.ogauthority.co.uk/media/4186/revfinancialguidancev5.pdf

https://mycouncil.surreycc.gov.uk/documents/s49623/BROCKHAM.pdf

Sections 41-47 will give your answer to what they are going to be restricted to produce!

Top of page 14 into 15 will give the info on the actual planning permission in place also.

I don't have a problem with fracking! If the oil is there and it can be pumped out safely go for it !!

https://itportal.ogauthority.co.uk/pprslive/production-data?start_date=Jul+2018&production_type=OIL&production_unit=OIL_FIELD_UNITS&operator=ANGUS+ENERGY+LIMITED&regulatory_jurisdiction=LANDWARD

Brockham 3 BOPD
Lidsey 19 BOPD

Alan
Yes and Angus also drilled Lidsey a year ago and look what a success that was!
"We will keep the market updated".........ffs still no clue as to whats happening there and that's why your share price isnt much higher................Total lack of trust by the market, but massive pump and dump and pipe dream predictions on this BB in large by the same traders of the share who have been here from a couple of months after the IPO, and all to pull new pi.s in!

DYOR people.

Wontogo

Yes, I am well aware of the significance that Brockam may hold.
Im also aware that it may be another Broadford Bridge! If this was the case what would the share price be with the producing three wells being uncommercial at the rates the OGA are publishing(supplied to them by Angus)?
Balcolme was a good result on what was reported but two tests are far from conclusive proof of being viable. Balcolme is also at least two years from production and even Cuadrilla where less than ecstatic in there reporting of it on their website.
With regard to trusting the company. The company is JTW and Vonk!
JTW has resigned in name only for reasons we all are aware off and i would suggest you review all the RNS's and interviews relating to Lidsey and production figures. Mathematically impossible to be correct if the following the OGA figures are (again supplied by Angus).
Then ask yourself why Brockham was not followed on directly from Balcolme. Was this not the was the reason given for not starting at Brockam months ago and you will have your answer on my believing or not!!

PP
I should read your own history and reflect on what type of person you are. Nothing but bile against anyone with a different viewpoint to you............ Have a read and pontificate on who looks pathetic?

DYOR..................lol

"Since oil was produced briefly at Horse Hill and as it is most likely that the oil in the Portland Sandstone in Brockham is sourced from the Kimmeridge".

https://itportal.ogauthority.co.uk/pprslive/production-data?start_date=Jun+2018&production_type=OIL&production_unit=OIL_FIELD_UNITS&operator=ANGUS+ENERGY+LIMITED&regulatory_jurisdiction=LANDWARD

Whilst organic content is not the same as oil content, it is indicative of those sections where oil content will be highest. This supports the potential for some 200m of reservoir of interest. Actual oil content depends on the extent to which burial has resulted in pressures and temperatures sufficient to generate oil. Initial Tmax and Hydrogen Index readings correspond with Horse Hill data. Since oil was produced briefly at Horse Hill and as it is most likely that the oil in the Portland Sandstone in Brockham is sourced from the Kimmeridge, the evidence backs a similar oil content  to Horse Hill.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ANGS&ArticleCode=v0ev3f6c&ArticleHeadline=Brockham_Field_Update

1 BOPD produced from Brockam from the last OGA figures and been producing and declining since 2002 and sourced from the Kimmeridge???

DYOR

A couple of links for those that may have missed them.

https://www.youtube.com/watch?v=5r3pcfxfqLs

https://www.whatdotheyknow.com/request/424952/response/1066246/attach/5/Scan2017%2009%2004%202925%20001.pdf?cookie_passthrough=1

More questions than answers as usuall then!!.............. nothing new there.

youngba

You seem pretty clued up on these matters! What does the following refer to then?

"The Investor may be required to make a further payment to the Company once all of the obligations of the Company under the Agreement have been finally met"

It seems an odd thing to put in an RNS that lacks much detail!

This is an interesting bit from the related RNS................

"The Investor may be required to make a further payment to the Company once all of the obligations of the Company under the Agreement have been finally met"

Knowing how vague some of the RNS's have been dos this mean a second tranch of money incoming from Bergen rather than a placing?

(B)Â Â Â Â Â Â The Company is also issuing to the Investor 6,925,000 Ordinary Shares at par. The Company has applied for admission of these Shares, which rank pari passu with the existing Ordinary Shares in issue, Â to trading on AIM, and this is expected to become effective on or about 25 April 2018. The Investor may at any time require the Company to issue a further 1,175,000 Shares at par. The Investor may be required to make a further payment to the Company once all of the obligations of the Company under the Agreement have been finally met and no amount remains outstanding to the Investor, depending on the price of Ordinary Shares at such time; and

(C)      the Company has agreed that it will issue 5,000,000 warrants with an exercise period of 48 months from the date of issue (the "Warrants") to the Investor entitling the Investor (or any subsequent holder of the Warrants) to subscribe for one share per warrant at the exercise price equal to £0.0995.

Verry long sigh as you would say.............
I didn't say Lidsey was drilled into the Kimmeridge. It was just an example of a well that Angus drilled that was less than successful.
I'm not disputing anything about figures at Horse Hill and it was you who brought it up. We will know shortly when UKOG start the well test what the true results are going to be. This hopefully will be good news. But you chose to ignore the fact that BB didn't flow For whatever reason it turns out to be.

Your original premise was that funding won't be required as Brockam will flow and we will go straight into production which obviously is not the case even if it does flow. (Hopefully, it will)

SCC made it clear during the various meetings that they were concerned that Angus was telling different audiences different information, hence the embarrassing warning by Tim Hall regarding the legal dept.

The council won't worry about 6% they will worry about votes.

Finally as an oil and gas drilling expert are you going to give us the COS for Brockam as you keep failing to do?

Yes Verry interesting!
Ok then if you won't give the COS for Brockham Can you tell me how many BOPD are flowing from Lidsey X2?
Didn't Angus drill that one............. Last OGA figures 25 bopd from both wells and still no update on the from the company. It would seem both wells are uncommercial at that flow rate so X2 basically a duster.

There is no guarantee Brockam will flow as you of all people should know.