Member Info for K3VMC

Razel, if you sell, just don’t look back!! I was 98% down in GGP and about the same in BMN, so I gave them to charity.

I hope they put them in a drawer somewhere.

If you sell now, you can get half your cash back and stop worrying. I don’t worry, so I’ll just sit and wait.

Regardless of water, delays, YA, OGA etc.

When the non rocket science fix is approved and applied, ANGS will be valued on how much oil comes from this first production well, the other five production wells it has approval for, plus Balcombe and Lidsey.

£20m is a paltry mcap for the assets. How long it takes to get to UKOG’s £60m, I do not know. I would not bother trading this, but investing seems a sound idea.

UKOG well ahead of ANGS, with a £50m difference in mcap, but they both have oil.

If ANGS can isolate the water and let the oil flow naturally to surface, that gap will close pdq, imho.

I think that sums it up.

2cv, that pleases me as well. If that’s been promised, then I’m happy. I was just saying what I thought earlier, not what I wanted.

:-)

Clearly, the oil will not start flowing in the very short term. They have steps to go through and gear to buy in. As long as they have a clear plan now, I can wait for the fix to be done. Two, three weeks?

The prize of getting this oil to surface is too huge to risk anything by rushing into anything.

In the meantime, I hope the FCA is looking into Vonk’s latest funding coup and looking for any sales by either Vonk or YA between that deal and now.

If Mr T puts the APS down and the oil starts coming up next week, he would go from zero to hero. Anyone buying in on his confidence that this can be fixed quickly and cheaply would have a lot to thank him for.

Alan, great videos. Thanks you for putting them up.

I’m not saying there are no costings.

That APS customisable straddle looks the business.

Map the water depth, customise the APS to suit, block the water and let the oil flow from above and below.

Bob, I may be wrong in this, but I do not expect to see any costings, FID or anything like that. Those kind of figures are published when you need investment, otherwise, why invite comment / criticism?

Just my opinion.

TT, I’m never far away. In fact some folks think I’m never far enough away.

The 3m stuff was day after day, week after week, and I think it was just a big kid in the playground bullying the little kids to sell out. I do not think this is the case here.

Sometimes investors just have to make choices and move assets around. That is my view on it.

If tomorrow, Mr Tidswell comes out with a schedule for fixing the well, what will that do to the sp. Not actually fixing the well, just saying we have a plan to do x, y and z in the next four weeks.

I would rather have amateurs with 2,000 bpd, than experts with three eighths of two fifths of **** all.

GIT, I agree with you. Bad news all round. Maybe when tungsten gets to $1,000/mtu they can start it up again.

Git, I am no expert. I’m just repeating what I was told by some very experienced miners who thought about getting involved in that project for no more that ten minutes.

Really great planning would have been not to touch it at all!

:-))

Sting69, ANGS has not covered itself in glory and that’s a fact.

They do, however, have oil.

I prefer bodgers with oil, to experts without oil.

Everything is relative.

To be fair, Hemmerdon geology was a nightmare. Our scheelite is a dream to work with.

I make it $1m in revenue and $700k ebitda. Plus £45k from TPI.

$7m in the bank plus the €5.31m when it arrives.

Deficit in the logic department Mother. Q2 start will swiftly follow Q1 end.

Bring on production!!