ANGS the company5 Aug 2018 11:09
has gone through a lot of ups and downs. It was meant to produce from the kimmeridge in Brockham in November 2017 and was meant to use the profit on its other fields and their developments and acquire other assets in the region and become a front runner in the UK onshore production company.
Instead SCC delayed the process by asking them for a planning permission after 7-8 months of no correspondence. The SCC planning office at that time weren't fully happy with the relevant paper work and asked them to seek for retrospective planning permission instead. Lidsey pump issues which delivered half of the expected flow rate, forced to do several placements, deal with negative media and swampies and tree huggers, JTP's idiotic share transfer, Bergen, share traders and shorters, you name it, we have seen it all.
But in all that, it has secured 25% of Balcombe monster oil field and its operator-ship which the market hasn't given enough credit to the company, YET!
Now after nearly a year and all those countless delays and sufferings, finally o finally SCC committee will discuss the Brockham licence. David Maxwell is the planning office this time and he is very happy with all the paperwork that the company submitted and recommended for this project to go ahead. I had the privileged to talk to this guy over the phone and he explained everything to me. He is happy with the project and agreed it will be for greater good to allow companies to explore the minerals which are available to us and ofcourse within the legal framework. ANGS has ticked all the legal boxes so as far as he is concerned, legally he doesn't see any reason why ANGS shouldn't be allowed to produce from Brockham BR-X4Z.
Now this alone is a massive positive. ANGS saw 36-37p when we were dealing with Lidsey. We had around 280-290 million shares at that time if I remember it right. Now we have 381 million shares but now we also have the monster Balcombe field and Brockham kimmeridge which is on the verge of starting production from its BR-X4Z well.
So guys, make up your mind. I've explained all the positives and negatives we experienced so far. You can either stay, top up or leave, its your choice but bear in mind, both Brockham and Balcombe flows are gonna be historic for UK, our country and there is absolutely no doubt about it.
GL all
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