Member Info for Jamesthesecond

the share price is where it is DUE TO SERIOUS CREDIBILITY ISSUES WITH ANGS BOD. Do not have the remotest doubt.

If anyone is messing with the SP its GL and BOD.

Yanis- could not agree more.

Yanis-BOD behaviour , in particular GL , is beyond disgraceful and appalling. All the excuse about nomad seeking RNS rather than tweets is BS. the company must confirm facts as they stand and as promised which is overdue by 2 days now.

£ hitting all time low against the $$ means more profit for angus . Switch on the gas and oil. Bring on 5 pence for starters

Do email angus- we require confirmation regarding Brockham and equipment as per the RNS 27.004.22 on both matters. Sheer incompetence and negligence surpassed by BOD arrogance is beyond reasonable doubt.

And if it is already delivered?
Its great news then and should be in the public domain. GL cant be bothered to confirm simple things!!!

No update on equipment which was due latest yesterday= BOD failure
No update on Brockham promised on 27.04 within fortnight= BOD failure.

Excessive language, reported.

Really? Is anything said untrue?

will someone nudge/email GL to tweet about equipment etc.

All the remaining equipment should be at the site. Brockham update tomorrow.

Completely agree RT003. This is the week where we should begin the lift off. News from Brockham are due this week. and soon after, wet commissioning. GLA

Seems that the confetti is almost finished if not finished at all. No late reported lumpy sales. next move up will be substantial and unhindered and that is imminent from RNS due regarding Brockham and gas. GLA

Rampers and dermapers have no impact on SP. we are extremely close to gas and oil and there are still 2 interested parties. Sensible and conservative valuation is around £180 million plus for Angus. At the same time, GL has been splashing confetti very liberally. These projects, while finally coming to fruition, are very late due to sheer incompetence and negligence of the BOD. Costs are too high for identical reasons. BOD really do not care as confetti is available. And the current success is due to high commodity prices , by events , and not BOD making. By fluke we should be valued at 10 pence plus or at the least our journey should be well advanced towards that goal. It is not as there are serious credibility issues regarding the BOD. a week is left for Brockham update and a few days more for wet commissioning. Price will rise on hard evidence of delivery and thus tweets play an important role in delivery of that evidence. I would like to see tweets about Brockham and SFB and yes, daily please. Its a very easy task and boosts confidence.

Yesterday we had answers to IQ so may be we get a tweet today.

The bid for SFB should exceed £180 million (angus share only) considering the revenues, storage capacity etc. The SP will be or should be in the teens!!!

Assuming side-track is successful and we are producing max QTY of gas and the average gas price over the year is £3 per therm (winter/summer average) and half of the production is hedged, then our revenues will 1.5 million therms @43 pence hedge price and 1.5 million therms at £3 totalling £5.1 million a month. times 12 for full year and take 51% equates to £31.2 million to Angus per year. Brockham could bring in £1.5 million per year. Discounting Balcombe and Lidsey, and overheads of some £3 million per year gives us a clear profit of £29.7 million. A very humble multiple of 5 gives us a minimum valuation of £148.5 million.
Dont forget that as debt is paid down ,overheads will come down due to reduced finance charges . 10 pence is very achievable in the short term if not better.
We should breach 5 pence with ease when oil from Brockham and gas from SFB kicks in later this month.
GLA

One would like to think that GL is a smart cookie but he has got his sums wrong and dished out too much confetti. Now that we are close to £££ lets hope he commences buying back that confetti sooner than later.

If I was GL I will STOP splashing confetti. Concentrate on maximising production/Revenues for the next 6 months ,accumulate cash, pay down debt and start share buy back with surplus. Push the SP above 20 pence and then go for quality acquisitions, if any.

18.84 is easily possible when full gas production kicks in PLUS oil production at good rates from legacy assets. Its all about imminent production of oil and gas.