RE: Angus Energy has carried out 11 placings and raised £25 million11 Jul 2020 10:09
Its beyond reasonable doubt that the doom gang got it wrong in the past and its repeating its mistake. The malicious hatred is visible to all . Do we care about the distorted vision? NO I have been quietly adding. Have a % here now. A few more million and I will have to mandatory declare my 3%. I intend to take my stake to 2.99% this month.
The prophets have been at it for some time . God has abandoned them and they are left with the only one single purpose in life. Turn our Chat green to save the environment as they are all filtered. meanwhile bring on 2 pence.
The action group is only present here excreting venom non-stop. there is no legal action group actively litigating as any counsel would have said "no chance". As Hoghroller pointed out, all and sundry at angus and UKOG believed that they were sitting on massive oil reserves that may be extracted in abundance. Commercial reality proved otherwise. There may be immense quantities of oil but only limited amounts may be produced. Therefore, Balcombe, Brockham and Lindsey may be restored to production in a cost effective way subject to various planning permissions which should come through. But the dream of pumping massive quantities is dead and buried for sure which will also bury council objections. There will be very few sites in the weald pumping limited oil and it should be beyond doubt that seeking new ones will not be commercially viable.
gkb47. many valid points but your criticism is too harsh. its covid19 and there are bound to be delays. however there is no excuse for brockham or balcombe or the gas off take agreement allegedly sitting on GL desk as per his interview.
I am here for Balcombe and Brockham too. Not amused that the application for Balcombe has not been submitted. Its outrageous to put it mildly. Considering HH was carved out of angus and we are in the same territory, we should benefit. My view is angus made a mess of its drilling and testing and behaved like cowboys in the past. There is oil there and if UKOG can extract it, so can Angus. They just need to get on with the task and adhere to their own timelines. which are already too generous. Submitting a revised application should not have taken more than a week ,let alone 6 weeks and still not done.
Conclusive evidence of adequate cash plus gas and oil flow this year. All the doom and gloom merchants proven wrong again!!!! surely more lies will be spread until the actual oil and gas is being pumped out later this year and the share price is 10 p plus.
The revised application should have gone in by now. 6 weeks time frame since 1st May has expired. It was only a revised application which should not have taken this long. Same applies on Brockham. Why is the application process taking so long? The company is making a meal of something which should be a walk in the park. Balcombe and Brockham are proven discoveries and the company should start extracting ASAP. and Now that we have SF permission, work should commence sooner rather than later. I expect SF to be fully operational this year and generating revenues. After all HH was carved out of angus . I am expecting valuation of £15 million plus in the next few weeks and we should realise £50 million valuation in the 4th quarter. There is plenty of money to complete all oil/gas projects in good time as long as the company does not make a meal of it. Hoping interims announce serious progress on all fronts to set the rocket under the SP. Grossly undervalued at the moment
he is not here to make money for. neither is anybody else. you and all others must learn to own your own decisions and the consequences. those of you who think they were cheated ,go to lawyer. oil exploration is risky business. anything can go wrong. just look at ukog. after tens of millions of pounds its only extracting 300 barrels. very common problems across the weald. had the oil flowed as expected you all would be millionaires. it did not. angs, most likely is looking over to see whats happening with the neighbours/competitors before it starts its production. atleast it does not share the exorbitant overheads