Member Info for ocelot

it was an achievement to get both sides in the same room talking, well done. ****stan!

what happens now?

will the ceasefire hold and efforts be made to use it to good effect?

From Citywire's round-up of the morning press:

The Times: Oil prices could top $150 a barrel for the first time if shipping through the Strait of Hormuz remains constrained despite the fragile ceasefire between the US and Iran, analysts have warned ...

"The potential deal would include incentives such as minimum price ​guarantees that could favour non‑Chinese suppliers, the ​report said, citing an "action plan".

This is not new news because it has already been discussed but it would create a moat around US and EU producers protecting them against Chinese pricing tactics.

2-page article in the Times by the historian Niall Ferguson: "Is this America's Suez Crisis? It could turn out to be worse"

"For the US, ceding control of the Strait of Hormuz to Iran in 2026 would not be quite as swift a humiliation as the Anglo-French failure to wrest contol of the Suez Canal from Egypt. But the consequences for the credibility of the Pax Americana would be similar to Suez's consequences for the Pax Britannica"

Https://www.reuters.com/world/china/eu-us-near-critical-minerals-deal-combat-chinese-control-bloomberg-news-reports-2026-04-10/

Bloomberg's Brussels edition reports the US and EU are closing in on an agreement re critical minerals (including graphite).

Bloomberg's Brussels edition reports the US and EU are closing in on an agreement re critical minerals (including graphite).

Lebanon ceasefire and release of Iranian assets needed before talks - Iranian parliament speaker

published at 16:06

Iran's parliament speaker Mohammad-Bagher Ghalibaf says a ceasefire in Lebanon and the release of Iran's blocked assets must happen "before negotiations begin".

He says that the that two measures were agreed between the parties and "have yet to be implemented" ... (the BBC's live coverage)

""Don't you think the war is establishing a new normal?""

Well it suits your paid reasons to be posting here Oce, and the market simply loves such events, as it is when most monies are made up & down.

But only folk obsessed with this being some kind of miracle saviour for this shower, seem to be happy for the death & destruction to continue".

You've totally missed the point, Bubblepoint.

Bubblepoint,

What are "NORMAL, TYPICAL, prices" when the Strait of Hormuz is under Iranian control and Trump seeks to exit the war?

Don't you think the war is establishing a new normal?

Oil and gas production assets: £68,010

Exploration and evaluation assets: £5,464

Total: £73,474

After review and assessment respectively, no impairment charge was considered necessary.

"... Underlying this is a great business ...".

It's a very nice thing to say and will be appreciated by almost all shareholders (an obvious exception being yourself).

We do not yet know the terms of the restructuring but, as NeoGeo pointed out in his post of 11:31, this morning's Annual Report RNS was encouraging.

... Underlying this is a great business ...

... Underlying this is a great business in an area of significant interest and particularly at the present time of uncertainty of gas supplies, ...

This extensive statement (the Chairman's) covers pretty much everything going on at Angus at the year end and operationally looks to be improving with the installation of the compressor at Saltfleetby improving production.

But the discussions continue and are still not concluded, the line is as follows, ‘The Company has reached agreement on the key commercial terms of the proposed restructuring and is currently working with the relevant parties and its advisers to finalise the definitive documentation required to implement these arrangements’.

Clearly the restructuring needs to be sorted before any sort of finality can be accepted and of course the relisting of the shares must be the priority for the board. Underlying this is a great business in an area of significant interest and particularly at the present time of uncertainty of gas supplies, it would be a shame if an agreement can’t be hammered out satisfactorily.

https://www.malcysblog.com/2026/04/oil-price-angus-zephyr-buccaneer-and-finally/

Needs to break above 6.10. Next objective 8.61p.

Appreciate your thoughts, NeoGeo.

Looks as if this morning's annual report RNS prepares the way for the completion of the restructuring RNS and the resumption of trading in the stock.

"The lender has not demanded repayment ..." (ANGS in its annual report RNS)

"they ... DEFAULTED on their generous creditors, ,,," (Bubblepoint in his post of 11:00)

It is for each investor to draw his/her own conclusion.

From Note 21, Loan Payable

"As a waiver in respect of the relevant covenant conditions had not been obtained at the reporting date, the facility has been presented as current in accordance with IFRS requirements. The lender has not demanded repayment and has continued to support the Company while discussions regarding the proposed refinancing and restructuring are ongoing. Subsequent to the reporting date, the Company has been progressing discussions with Trafigura regarding a broader refinancing and restructuring of the facility (see Note 27)".

They are developing a new reservoir model.

"The reservoir model, anticipated to be completed in Q2 2026, is intended to support the placement and optimisation of potential infill well locations and the generation of indicative production profiles for such wells. This will support the ongoing evaluation of longer-term options for the Saltfleetby field, including potential future storage applications (for example CO₂, natural gas or hydrogen), subject to further technical assessment and regulatory considerations".