Member Info for Jamesthesecond

its a close period and interims are due shortly.

I am inclined to agree with you. But we must progress Lidsey at speed too. Its GL who stated that there should be multiple projects on the go ,YET, they can barely manage one. Lidsey should be a walk in the park and that's being conservative. GL & crew better not make a meal of it. There a limit to everyone patience for incompetence and negligence. END OF

Fundamentals are not ignored by the market but GL has eroded a lot of goodwill. Read my earlier post of 10.49. We need BIG news and progress on Lidsey on a war footing. if seismic comes good, drill and production immediately should be the goal. It can be done by a competent management.

The fact is that share price would have been above 2 Pence on the last RNS had there been some other management. The poor SP performance is due to eroded goodwill because of BOD negligence, arrogance and failure. However, for market to accrue credit for the future the management must improve considerably.
1. The substantial pay increases should have been done now after the RNS of last week and not before. BOD deserve nothing for failure and incompetence. But that's history now.
2. Lidsey is , even regurgitated, worth above £70 million alone if BOD are to be believed. What are they doing about it. shareholders do not want to hear BS and witness paper valuations. They have been at lidsey for donkey years and should know the property well. If seismic comes fine, we should be drilling in a few weeks or couple of months and start producing by September or thereabouts. Permissions etc should not be a huge problem .
3. The focus on gas must meet its timeline and for a change beat the timeline. It really is not that complicated. Now the money is there, get on with it. Before, the BOD were lying through their teeth as they were juggling finances to keep them selves fed and do the bare minimum to show progress. The naysayers BS should be and will be ignored as institution have lent £12 million after DUE DILGIGENCE. the exorbitant rates ANGS is paying is because of 3rd rate BOD performance and not quality/value of assets.

Its apparent and accepted by GL , as seen from his bewilderment at poor SP performance, that's its the BOD that needs to win shareholders trust . So stop all the BS and deliver SF and Lidsey immediately and unconditionally. there is no room for excuses and another screw up.

new shares at a premium @.949. Higher hedge price. money in. equipment sourced . actual production in December 2021. we should breach 1.5 pence shortly. This is it.

Best RNS ever. Naysayers -eat your heart out.

With in the week it will become clear how the plans are unfolding as per my IQ now put up. We may also receive permission from the council around the 12th June which should inject some excitement. Drawdown and drilling should be at speed as BOD had all the time to plan that. Lets hope clarity is provided and confidence restored.

Could not agree with you more Yanis. The poor performance of share price and hatred expressed here is entirely due to BOD. They must change the tide and invest rather than just awarding themselves huge pay increases . the negative sentiment is of BOD making.

BOD need to do multiple things. Show the money. Get on with the work. They may not be able to buy any shares now as its probably a close period. But they should buy ASAP to inspire more confidence. There is no point in crying about how undervalued it is. Talk is cheap. Actions speak louder than words and there has been no action for past several months.

Frankly, the interview provided a reasonable explanation for the delays. Precious time has been lost along with a lot of goodwill. its all down to delivery now over the next few months.

OGA approval is nothing more than a mere formality. OGA do not interfere in such matters.

Congratulations on signing the finance deal. Can you please update shareholders with the timeframes you expect for the following activities.
1. completion of formalities regarding hedging , OGA approval and any other matters relating to finance.
2. When do you plan to order the gas processing plant and anticipated delivery time?
3. When do you expect to start drilling for gas?
4. Are you confident for achieving production later this year ?

I share your sentiments. I think that all the warrants will be exercised next month latest as the company updates. We should be above 2 pence very soon.

WG- Why don't you or someone do the full math on the gas. what's the revenue from all the gas from the stated gas production. 30 p is not yet confirmed. hedging may be at higher price. and you can then build in all the costs. i am sure, from the math i have, the value will exceed 45 million (angus share).

Yanis- concentrate on the maths. we are going for 10 mmcsf production by the year end. 51% belongs to us. What's the daily revenue on current prices.? Pipeline done. and there may be BIGGER gas reserves. Our confidence was well shaken by the delays in funding but we are where we are now and now very close to production.
The money will probably arrive sooner for OGA to see that work can be done and completed. I am expecting an update from the company soon. They should have the common sense telling us all what will happen when without any further slippages/potholes.

I think sooner rather than later.

Angus has plenty of funds from recent placings. Now the funding is secure, it can order the plant and kick off with drilling too. Draw downs will be imminent. This will become evident very soon and the share price will reflect the progress. Its up to GL now to build the momentum without any more hiccups/potholes. We have had enough. Excellent time to top up. The finance uncertainty is now removed.

Congratulations to GL & team. The new well is funded from the £12 million. as the warrants get exercised there will no need of placings. warrants kick in from 1.25 pence onwards

So far. its a periodic auction call. Going NT to buy. You can sell heaps. Good omen!!

Full ask paid after a log time. another decent buy should cause a tick up!!!! Come on GL, show us the money!!!!