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Those who have complained mostly yesterday - just because your expectations haven't been met in your timescales, it doesn't mean a thing ! successful investors, are patient and don't blame the company they invest in for their investment, it's your decision - Angus didn't frog march you to your broker with a gun to your head to say buy me / invest here ! You decided , so have the confidence and the conviction to either get out or shut up and support this business ! Company Gas flow will increase and so will the share price !
Angus Energy (ANGS LN) 1.69p, Market Cap £61m: Production update
Angus announced current production rates of 4-5mmcf/d from the SF7v sidetrack development well at the Saltfleetby gas field (100% WI), onshore UK.
The Company expects the well to clean up further, which is likely to raise that flow rate in the future, and will move to construct a new well flowline to enable full plateau production this summer.
The shares are down by 7% in early trading, reflecting test results from the SF7V sidetrack well that are in line with expectations and no more. The CPR had estimated a P90 target of ~10mmcf/d for the plateau rate of flow from all three wells, with the new well expected to nearly double volumes from the Saltfleetby field after clean-up. Following a transformational 2022 for the Company, additional development operations have been funded by a junior debt facility to limit dilution and management remains on-track to deliver sales gas volume growth in 2023.
hVIVO – a company focused on testing global infectious and respiratory disease products through clinical trials – has recorded positive interim results from its study involving Cidara Therapeutics’ CD388 influenza therapy.
Onebeyond - you posted this in January ?
'This is a community of investors. When you sold out, you gave up your right to give your two-cents. Much like at an agm, you’ve relinquished your right to walk through the door. We simply don’t care here what non-investors are thinking about why not to invest'
Take heed of your own advice !
There are some people on here who know much about drilling and the extraction of gas - there are some people on here who are great with numbers - but there are also those who know little or nothing about any of it, I do really wish they would keep their hand in their pockets and stop typing crap !