Member Info for Jamesthesecond

Paid at close. and MM's were not selling any as I was trying to top up for 500k shares and then 50k . B=Gave up. tomorrow is another day.

two large trades at 16.02 seem to be moving stock into an ISA or SIPP.

surely the value of £50 million is in the GAS and not repair Balcombe project!!!

just topped up @.7745 . might as well put money where mouth is. will keep accumulating at these prices. as funds permit

George Lucan, Managing Director, writes: "I would remind shareholders that, even on our modest estimates, Balcombe is a very valuable prospect to Angus and could at pre-crisis oil prices justify on its own the market capitalisation. We won't give up on it. Saltfleetby, however, according to the Competent Persons Report promises to deliver, as a mid-case, £50 million of future P50 cash flows before tax to Angus. This is a different order of magnitude and without any exploration risk.

This implies a share price increase of 10 folds from here. Perhaps we may see the 4.38 highs broken in June 2020 as we progress towards achieving our goals. The current valuation seems too cheap. I am seriously considering topping up subject to funds availability.

This is AIM. anything is possible, just keep the good news coming and we may reach 4.35p this june.

another tick up coming i think

the bid size and price as improved.20,50 and 100 days moving average has improved . https://www.barchart.com/stocks/quotes/ANGS.LN/opinion
Everything is moving in the right direction. a few chunky buys or a one decent RNS will push this above 1p quite rapidly and firmly IMHO.

With a clear map set out and valuations independently confirmed ,plenty of cash in the bank, the scope of recovery/rerate over the coming months is almost certain, subject to no catastrophe happening due to covid19. And Balcombe flowed. Its a repair job. This share would be at 3p plus if it had UKOG following.
UKOG is a difference beast. too much dilution, inadequate cash, pending loan conversions , and future cash requirements as very high overheads are depressing the SP. However, UKOG has a much bigger following but I am certain the PI must be tired over there as the newsflow is still negative and there is no clear guidance from the company as to how it intends to sort out the cashflow issues.

Is some surprise/pleasant news coming out? sudden last minute rush to buy towards close. 0.69 getting paid and buying restricted to very little on offer. another tick up coming!

ticked up now. .55-.65

some really weird trading today.

market makers not letting go cheap. tick up possible,

positive news from aex today should reflect here too. plenty of cash in bank is a tonic. major asset coming into play finally is superb. surprised the sp is not significantly north from here.

1p may be at the end of this month. prefer slow and steady rerate and firmness in the price rather than spike. We should cross 1p in the next few weeks once company performs as promised.

net revenues don't equate to profit. take away the massive overheads and it will trading at a loss. PE of 17 is too high.

if we can see progress without excuses there will be a rerate . almost no trading today. seems everyone is waiting for the news conference results later this evening.

we should have a RNS sometime this week as per company guidance.

Saltfleetby Redevelopment: Planning and Permitting
The first relates to updating current use of the site to incorporate on-site gas processing and Angus expects to file this application within the coming week
The second application relates to the 750 metre extension of the pipeline to the National Grid Terminal be end of May.
Saltfleetby Redevelopment: Procurement and Offtake
Finally, the Company expects to complete an off-take agreement with one of the larger gas wholesale operators during May.

The Company will upload certain visual aides to the planning and procurement process onto its website on Monday 4th May after 4 p.m. to assist attendees in formulating questions at its forthcoming conference call.
Brockham
the Company has requested enhanced pre-application service and consequentially expects to have discussions of the same with the Environment Agency in the coming weeks
Balcombe
By mid June at latest The revised application will propose a shorter duration of test period together with stronger arguments regarding national and local socio-economic benefits, and some additional environmental enhancement measures but will represent no additional cost to shareholders. In the opinion of the Company, the additional delay is of little consequence given the present oil price which we see as remaining problematic through the summer.
By September we do have some expectation of being able to obtain planning and complete works on that stage during September. Production late December
As at 30 September 2019, the Group retained a 65% in Brockham field, 80% interest in Lidsey field, 25% in the Balcombe field where the Group is the operator of all 3 fields and 51% share in Saltfleetby Energy Limited. The Group also retained a 12.5% interest in the A24 field. The Group had cash balance of £3.419m at the end of reporting year.

Saltfleet is worth anything between £17.6 million -£36.5 million equating to minimum 2.9p-6p.
We have adequate financial resources to deliver.

interesting update at 3.59 pm. still got a few months to stay open.