Member Info for nhawan

They should really be pushing the ASK higher if they want more sellers. If someone is stake building then sp is going to have to move up soon.

This is a positive RNS. It shows improvements in production efficiency and that they are making money. The trolls are eager to talk it down but I reckon the sp is at the bottom and will only move up from here in the run up to the rig starting up at Balcombe.

The bottom was 0.35p. What reason would there be to drop today apart from the usual sell on news crew trying to make a few pennies. I expect a steady rise now that the finance is secured and there is no risk of default.

I doubt ANGS is going to be relying totally on the gas from SFB. Pretty sure there will be further licenses announced once the finance is sorted and then some drilling program over the next few years.

Surely those who were waiting for a lower price should be jumping back in now. There is absolutely no reason for the sp to be sub 1p now, let alone 0.6p.

Expecting it to rise steadily over the coming days.

The fact that the loan was converted at 0.66p without any discount from the current SP means the price is a very good entry point and unlikely to drop further. The price has consolated here for a while now so the only way is up.

At the moment there doesn't seem to be any benefit to long term holders at all. The BoD need to actively try to strengthen the sp by initiating a share buyback scheme. Even a buyback of £300K per month would help improve the sp gradually.

0.2184 is equivalent to how many mmscf?

Traders sell on news and wait for a dip to get back in. SP will stabilise and as gas is sold and cash reserves are built up, longer term buyers will replace them. The charts laready show that the 1.40p level is support. Expecting consolidation and rise over the coming days.

Mr008 missed out..rising already

Sad that people with industry experience have been expelled from this site. This board will be an empty vessel without knowledgeable people explaining how some of the processes work and what will come next. Where is Push2 posting now?

The RNS is titled 'Saltfleetby Sidetrack Well Test Results'. That should be enough for most people to understand that the 4-5mmscf figure refers to the sidetrack well, not all of the wells together. I expect the output of both the exisitng producution and sidetrack to total about 11mmscf per day after full cleanup.
Expect some higher daily figures over the coming days imo. They sure ain't going to stop production until summer.

Why would you be out or even sweaty? They are already flowing gas. It's only stabilised the flow rate that will be announced and I doubt it will be worse than what is already being flowed from the main well.

Just tried getting a sell quote for 2m shares and it gave 1.76p. That's higher than the ASK.
Someone buying by the looks of it.

The rig would have stayed if there were any problems. The tweet signals good news.

The news today could not be any better. With the 2nd compressor and the sidetrack ready to go, I think production is going to easily triple from the current level. SP should be at least 3P when gas is being sold and cash is coming in.

Can sell 1M shares though. Would be no chance if there was real bad news. This is a tree shake probably.

It's unbelievable that the share is at 1p when they are producing gas. The sidetrack is a bonus if it succeeds but they are exctracting enough gas as it is. Sp should be way higher but it's being walked down on very low volume.

Perfect time to buy. The share is oversold as it is. Even if the sidetrack fails the sp should be alot higher since gas is being extracted and sold. The company is not going to suddenly just stop and give up. I think they will keep trying until they get it right because there is gas there and one well is already running.

Spud bound to happen over the weekend with an RNS on Monday. SP should be north of 2p by end of next week for sure and heading for 3p in 2-3 weeks time.