Member Info for LockedIn

My spud theory was correct. Let the fun begin.

As I said earlier, expecting spud tomorrow.

It took 4 days from ENSCO72 arriving on site @ Wick to spudding. This was in late December, in the North Sea and spudded on Christmas day! Rig arrived in Poole Bay on Saturday, 4 days from then is tomorrow. Let's see what happens :)

Tomorrow it is then...

I said last week there would be plenty of opportunity to trade the life out of this. And there you have it.

It was pretty evident from the delays and lack of tankers coming out of Brockham that there were issues. The actual issue, however, is not the end of the world. 195m of perforations and water encountered. The water will be isolated and the well will flow, they've gone for (black) gold with 195m of perforations and it's came back to bite. Further delays and added expense but flow it will, just like HH.

Not forgetting the real winners here, YAII and Riverfort who will now have some incredibly low VWAPS to convert their loan to shares. If it was Vonk who authorized that deal then every ANGS investor should be pleased to see the back of him - death spiral finance at its best.

I don't think setting out timelines in an RNS would cause a re-rate. Flowing Brockham at 1000bopd might but, if the widely circulated images/videos are to be believed, then it doesn't look like that'll be getting announced next week.

I also don't think "Mr Market" has this penciled in to rise (just yet)...the 5 day/1 month chart evidences this.

It's hardly surprising to see the SP fumbling around these levels after the dogshit financing that was announced on 10th Jan.

Punch in a few closes in the 6's next week then as of 11th Feb YA and Co can start converting into ANGS shares at pretty much half the price the shares were at pre-financing announcement.

Board troubles and further Brockham delays are perfect for destroying sentiment and in turn improving YA's returns. Good news i.e. Brockham flowing is needed now more than ever. There should be plenty of opportunity to trade the life out of this clusterfunk.

Angs are operator at Balcombe

Some strange looking trades going through today...

Check out the series of sells for 9700 shares and 5000 shares respectively. Small in size and executed within a few minutes of each other. Barrage of small sells to knock the price down?

Agreed Liam. Closed well above the 50dma today for the first time in a long time. Volumes have also been very good these past few days... poised for an attack on the 200dma just under 7p.

Now that's out the way we can crack on with the turnaround.

"Management continues to work towards completion of the debt restructuring. This is progressing well and a further announcement will be made in due course. This will ensure MRS has the most efficient interest rates available and should contribute significantly to the strong FY19 profit performance."

Potential debt restructuring alongside interims at end of Feb.

Technicals starting to look good, a close above the 50dma today would be very positive, expect to hunt down the 200dma in the next few sessions.

Many bought in for Lidsey which was going to make ANGS self-sustainable. 20-40 bopd not quite cutting it.

The saving grace was Brockham, BRX4Z drilled as an optimal producer with its thick 385m Kimmeridge shale section. ANGS haven't even started flowing the thing yet and already you've moved onto Balcombe as ANGS saviour. Comical.

Amazing what a few pics on Twitter can do. Recovered nicely to close back above 200dma. Hydrocarbons at surface RNS in the morning and the 50dma should be history.

Support broken down she goes. Found support and bounced hard from low 7's previously.

Cash injection from Gov, reduction in outstanding loan account balance. Only problem is Minister of Industry is missing in action.

First class shysters the pair of them. Tidswell must be taking the piss. The sooner he's sent packing the better after last years shambles with America2030. That in turn will save ANGS a penny or 2 and might prevent Vonk the Plonk from placing very other week.

Good assets, shite management.

"How Low Can You Go" - Chubby Checker

Go lowww baby go lowww. It's time baby to show. How lowww can you go!

Now need a 3 bagger just to get back to the old stable price of 5p. 2018 has been a year of unmitigated share price decimation. 'Tis the season.

"I Need A Dollar" by Aloe Blacc ft George Roach

Lots of talk on this, can someone point me to where it comes from?

Oh well at least that proves Sepco buy in does not require PPA... Tz Gov will still be asking for font changes in the 523457842578 page re-re-re-formatted tender document in 6 months time.