Member Info for Ja51

https://www.lse.co.uk/rns/AAOG/new-strategic-investor-and-termination-of-isa-11ui8tufqhdeuug.html

So Angus.s Saltfleetby partner taking over AAOG............with the help of Riverfort!!!

https://beta.companieshouse.gov.uk/company/00953066/filing-history

Hopefully, they will let us know in due course. It will make a big difference one way or the other short term on cashflow!

Hi ocelot
Its a bit sketchy to me. I take it as that the First stage Angus would pay 100% but I'm not sure after that hence the question!

Thanks Crocman

I have corrected the typoes and just submitted them to the site.......watch this space I guess!

ILL make sure they are corrected on the Q&A site. Thanks for the heads up...im sure you get the jist though!

15. Can you confirm that a firm commitment by Cuadrilla and Lucas is in place for future funding and De-commissioning costs (Should they be required) for their 75% stake at Balcombe? This question follows on from press speculation regarding Cuadrillas future intentions generally and the failure to secure the funds requested during their last placing?

16. In several of your funding RNS releases, you give details of where the money is to be allocated. When reviewing financial will the OGA take account of this in their calculations? The £800,000 allocated to the 12.5% interest in the Holmwood licence (PEDL143). for example?
http://www.angusenergy.co.uk/wp-content/uploads/2017/02/RNS-Angus-Energy-Fundraising-and-Acquisition.pdf

17. Reading your revised Hydrogeological Risk Assessment which became available on the WSCC planning portal on Friday the 17th Jan. When reading in detail it transpires that should Planning permission be granted the operation will now cease after The Stage 1 removal of drilling fluids if successful. The project will then be put on hold whilst a detailed as highlighted by the following from the Zetland group report attached to Heatons report “ 5. CIVIL AND STRUCTURAL ENGINEERING AND DESIGN
Contingent upon the success of Stage 1 of the development (pumping out previously used drilling fluids to ascertain
any oil flow (up to 4 weeks)), a detailed civil and structural design will be prepared, informed by this”
Could you please indicate the length required to compile this detailed civil and structural design. Following that the timescale and likely cost to carry out the extensive civil engineering work and the associated costs for this and the initial design phase.

18. Can you confirm the costs incurred by Angus for stage 1 and 2 of the Balcombe EWT Will be 25% of costs on both stages.

19. Following on from the news that Balcombe will require an extensive bunding program can we expect a similar requirement for both Sites at Saltfleetby and likely costs if so?

20. Can you comment on recent articles made regarding the Company in the magazine “Private Eye”

SORRY TOOK 3 PAGES.

10. You are on record criticising Paul Vonk for taking a convertible loan note out at a poor time for the company. You have recently been taken exactly the same type of cash injection with the explanation it makes the company "Best in class" This seems very much at odds with the previous viewpoint. Could you confirm or deny that it's likely the case that after meetings with the OGA they have in fact insisted that such provisions are put in place? (see abandonment question earlier) the taking of the loan for any other reason would seem odd given your

11. You have assigned de-commissioning money to Lidsey. However In previous RNS releases you have also assigned funds for the new exciting new prospect as Mr Vonk described it. Was this not first discovered in 1987 and actually falls outside your licence area?
Please could you indicate a cost, timescale and the associated difficulties in accessing this prospect given the area has been relinquished back to the OGA.

12. On the Saltfleeby presentation, you have based your figures on producing 5.5 mmscf per month sighting that this was what produced when field last produced in December 2017. Could you please explain where this figure has come from?

The OGA Official figures for Saltfleetby are as follows and are in mmfcf

Jan 4.,55
Feb 5.08
March 4.39
April 3.46
May 4.86
June 1.53
July 2.97
Aug 0.56
Sep 0.00
Oct 0.00
Nov 1.19
Dec 0.44

This gives a total for the Year off 29.03mmscf... If you allow for your 15% fall yearly that would become 24.68 ..The condensate is also a fraction of your figures.
You have also based your calculations based on the OFGEM figures of 50p per Therm. The latest Figure that Ofgem list is 24.87 a therm.
Both figures are below half what your presentation projects? Could you confirm which figures are to be believed the official OGA ones or yours?
Is the project actually viable given both sets of figures I have supplied are those that you base your presentation and business plan on?

https://www.ofgem.gov.uk/data-portal/gas-prices-day-ahead-contracts-monthly-average-gb
https://data-ogauthority.opendata.arcgis.com/pages/production

13. Can you confirm or deny you have had correspondence from the "alleged" no-win-no-fee legal action group?

14. Can you confirm or deny whether that the FCA, AIM regulators or any other authorities have investigated Angus or your nomad following your former Directors actions concerning America 2030 or for any other reason including misleading RNS announcements?
http://www.angusenergy.co.uk/wp-content/uploads/2018/06/ANGUS-ENERGY-PDMR-29.6.18.pdf
http://www.angusenergy.co.uk/wp-content/uploads/2018/07/ANGUS-PDMR-02.07.18.pdf
http://www.angusenergy.co.uk/wp-content/uploads/2018/07/Angus-Energy-Director-Shareholding-3.7.18-1.pdf

The list that is being submitted to the Q&A Angus website. Lets see if they appear.
Supplied over two posts

1. After speculation on Angus cat boards, can you confirm that the 1st Convertible loan of £3 originally now with £1.5 paid back via the recent placing has the remainder of the £1.5 Million still available at any time on top of the £1.4 million available from the latest Convertible loan?

2. Can you confirm interest was paid on the JTP director loan

3. Can you explain why the OGA has placed a "field abandonment notice" on Saltfleetby following your appointment?

4. Can you update the market on EA meetings regarding water injectors?

5, The two producing wells at Salltfleetby are at separate sites. Can you advise if processing equipment would be required at both and estimates of cost for such equipment.?

6. The OGA placed limits on both oil and gas during the Brockam EWT (see attached) which equated to 301 barrels per day and a gas rate of5.664 TCMD. Can you give the figure imposed on the Balcombe EWT if known yet?
https://www.whatdotheyknow.com/request/523935/response/1277768/attach/5/brockprodconsred.pdf?cookie_passthrough=1

7. Your previous explanation of the gas to wire at both Brockam and the forthcoming (hopefully) Balcombe seem at odds
depending on the audience. You state in a previous Q&A answer you look to Horse Hill for not requiring gas to wire there.
However, Horse hill was a 90-day test if I'm not mistaken and you are requesting a three-year EWT. Given it was a requirement at Brockam and also a detailed explanation by Jonathon Tidswell at an investor conference last year sighting a very long lead time to connect to gas to wire can you confirm that the OGA does not require it as this is a 3 year test?
https://www.ukinvestorshow.com/videos/uk-oil-and-gas-panel/

8. In your explanation regarding Gas to wire at Brockham, you revealed that you had only just started a trench I believe. Given that JTP stated it could take a year minimum to connect to the grid is it fair to say there would have been a considerable delay should the well have been successful and we should expect the same at Balcolme if the OGA do require gas to wire?

9. In Your Salfleetby presentation, you state that water disposal cost is £48 per Barrel. As there is no suitable disposal sight in the south of England, your comments in the annual accounts and your drill or drop interview and no injector well available, can you confirm any water cut at Balcolme or the now 40% water cut at Lidsey according to the OGA website Latest available figures( 10 barrels oil... 4 barrels water) at Lidsey would cost the same or more to dispose of?

OK
ill put it on the list!

Dear admin
Before you delete this could you please take note of the poster/Posters requesting the deletion. Many have been deleted this morning whilst breaking no LSE rules and it can cause a warped skewed view to emerge.

Just finishing the list off Mirasol! Ill post here and the Q&A board.

And come this evening he/the company will have that opportunity.

Ocelot
I'm sure JTP will have plenty of spare time on his hands to answer the questions given his job title, and the lack of funds to make his role relevant or indeed nesesary!

LLTM
Ok I see the problem here.
You comprehend a BB with the purpose of discussing the pros and cons of said company isn't actually designed for that purpose? After all who would want pages and pages of informed comment for other readers to make informed decisions.
Or am I missing something here?

Looks like the stampedes started! Ironic that your price was below mine!!!......lol

There you go it's just popped up!!
LLTM In answer to your question. I was actually hoping that you and others may have pointed out any floors in the questions before posting them to the official Angus Q&Q page. Ocelot questioned a couple but you and others seemed strangely quiet.
Got another couple of corkers regarding the stage one hiatus divulged at Balcombe over the weekend!

Morning Steptoes

Just bought my 1 share through Halifax. I can now post my list with a clear conscience.
I'll post the list on here under its own heading and let's see if they get published.

Steptoes......." ethical qualms"...LMFAO
I was referring yo your comments directed at me "Cult worship implications" but more importantly this paragraph

"If and when they "ascertain oil flow" and report back, for example, that the formation water was a misunderstanding and that the well can flow at 500 or 1,000 barrels of 'dry' oil per day, even for a few hours, then everything changes - very possibly as soon as April this year. They now have an asset of some proven value.

Now April was never going to be on the cards to be producing. You insinuate fantasy figures and its bang on guaranteed DRY OIL apparently and still forget that they only get 25% of this bounty! That's without mentioning they will be restricted on daily production bty the OGA and have stated the well would be shut in timescales of hours to months!

So we now know that there will be a long delay after stage one as the new infrastructure will then go to design stage

5. CIVIL AND STRUCTURAL ENGINEERING AND DESIGN
Contingent upon the success of Stage 1 of the development (pumping out previously used drilling fluids to ascertain
any oil flow (up to 4 weeks)), a detailed civil and structural design will be prepared, informed by this Design Philosophy
Statement, the geotechnical evaluation, chemical analysis and interpretive reporting.
In formulating a design, the following key criteria considered:
? Environmental condition;
? Geotechnical condition;
? Drainage requirements, including falls to encourage surface run-off;
? Vehicle movements;
? Lifting/loading requirements;
? Health and safety; and
? Design life.

This gives them all the can-kicking time they like wouldn't you agree?

Your subtle attempts at discrediting posters by name-calling really is the refuge of the lowest form of ramper.
So far this weekend you have accused me of ....Being the head of orchestrated group of non-holders, Cult worship and this morning being a conspiracy theorist.........thats without your lazy use of troll on numerous posts regarding other posters.

I think the latest revelation of more delay justifies my orchestrated cultish conspiracy theory......dont you??

Steptoes

You really should have read the document that has just been put onto WSCC web site before you posted that twaddle.

I suggest you read through thoroughly. The report from Zetland group which indicates the scope of works to take pace
if after stage one is successful. The scope they are talking about is huge in scale!

? Removal of the existing 300mm granular platform surface material, existing polypropylene geo-grid and
existing geotextile;
? If required, screen existing granular material, removing large cobles in excess of 50mm;
? A ‘V-Type’ perimeter containment ditch and HDPE impermeable membrane anchor berm surrounding the
active area of the wellsite;
? A fully welded 2mm thick HDPE impermeable membrane laid across the active area of the wellsite and
perimeter containment ditch;
? Protective geotextiles laid below and above the HDPE impermeable membrane;
? Batten fixing the HDPE impermeable membrane to existing concrete pad, which surrounds the Balcombe-
2z drilling cellar;
? Twin-wall perforated pipe and rodding/jetting points laid within the perimeter containment ditch, above
the HDPE impermeable membrane and protective geotextiles, back filled to finished platform level using
40mm single size granular material;
? A connection from the twin-wall perforated pipe system to the existing interceptor and installation of
isolation valves (up and down stream of interceptor) and a sampling point downstream of the interceptor;
? A layer of extruded polypropylene geo-grid across the active area of the wellsite, above the HDPE
impermeable membrane and protective geotextiles, for additional structural support; and
? A 300mm thick layer of compacted granular material above the protective geotextile and geo-grid, providing
the finished wellsite platform with nominal fall toward the perimeter containment ditch.

Containment Area Area/Length Material Depth/Volume
Overall Containment Area to Anchor Trench 4,141m2 Various Depths and Materials
Wellsite Platform (Excluding Perimeter
Containment Ditch, Concrete Pad and Concrete
Access Area)
3,199m2
300mm Granular Material (50mm
to Dust)
Concrete Pad 200m2 250mm Concrete
Concrete Access Area 51m2 250mm Concrete
Perimeter Containment Ditch 242m (Mean Length) 1.5m3 x 242m = 363m3 Granular
Material (40mm Single Size)

Now, this is why I have such issues with this company! This is hardly moving straight on after stage one is it...........and how much is that little lot going to cost.

https://www.lse.co.uk/ShareChat.asp?ShareTicker=ANGS&share=Angus-Energy&thread=BF1EB8AF-8641-4D82-944C-565B2C35C506&reply=true

DYOR people