Member Info for ocelot

The last annual report at 30/09/19 and the half-year report to 31/03/20 tell us where the company is coming from.

But there is little to be gained in the stock market by anticipating the past, it is anticipating future developments that counts.

To complete the range of forecasts from page 56 of the Saltfleetby CPR:

the non-discounted low-case P90 scenario forecasts a total of £21.5m;

the non-discounted high-case P10 scenario forecasts a total of £64.4m.

http://www.angusenergy.co.uk/wp-content/uploads/2020/03/Reserves-Resources-Valuation-Report-Angus-Energy-Saltfleetby-Assets-Effective-Date-28th-February-2020-Report-Date-4th-March-2020.pdf

It's more than £20m.

For the mid-case scenario, the figure is £36.3m. If discounted at 5% pa, that gives a net present value of £29.9m and, if discounted at 10% pa, £25.2m (p56 of the Saltfleetby CPR):

Disc Rate, Gross PreTax, AEWB PreTax, AEWB Post-Tax
0% £96.7 £50.5 £36.3
5% £76.6 £40.2 £29.9
10% £62.3 £32.9 £25.2

PS: the share price closed at 3.55p the day before the Brockham RNS

Consider ANGS to be totally undervalued ever since the Brockham RNS of 28/06/19, so, as the evidence mounts of the company delivering on Saltfleetby and, WSCC permitting, on Balcombe, would not be surprised to see the share price make an upward movement to mirror the downward movement of 14 months ago.

Not sure that geology respects man-made national frontiers.

Happy to confirm that my only link to Angus is that of a private investor in the company, who believes the current share price totally undervalues the company's short, medium and long-term prospects.

It's for each investor to decide for him/her-self, betterupthandown. on the basis of the evidence available and his/her view of the company's prospects.

From one of GL's interviews, it sounded as if the next project may be in gas, smaller than Saltfleetby, on the continent.

Investor Webinar

Alba Mineral Resources plc (AIM: ALBA ), the diversified mineral exploration and development company, is pleased to announce that it will be hosting an investor webinar via Monecor UK Limited (trading as ETX Capital) on Tuesday 25(th) August at 17:00.

Investors can register to attend using the link below:

https://register.gotowebinar.com/register/5794945656959971086

The webinar will take the format of a presentation by the Company followed by a Q&A segment. The presentation will follow a selection of the slides from the updated presentations for the Company's UK Gold Assets and Greenland Mining Projects as notified to the market on 7 August 2020.

No material new information will be released by the Company during the webinar.

Troll_Finder,

Absolutely everybody on this board is aware of the fact that UKOG will need to finance their Turkish project (amongst their other projects), it is a known negative factor in assessing UKOG's prospects.

But isn't it fully discounted in the current share price?

The revised loan facility balance will therefore be GBP175,001 and the next repayment date will be 24 August 2020. (RNS of 24/07)

So, to benefit from the tax losses in AEWB No.3 Limited, one needs taxable profits in AEWB No.3 Limited ...

For those taxable profits, see the Saltfleetby CPR.

HeadinTheSand,

The tax losses AREN'T transferable, they can only be used within AEWB No.3 Limited.

Convertible loans make sense if you believe there is good reason for the share price to rise in the future: you lessen dilution, because the loan is converted into a rising share price.

It made sense to finance the acquisition of Magellan's 35% of HH in this way, because there was the prospect of increased flows from HH-2z.

Unfortunately, water ingress overthrew that scenario (and Covid-19 didn't help either).

Late trades more than doubled the day's volume, to 737.4k shares, per advfn.

For the tax losses, see page 47 of the Saltfleetby CPR:

http://www.angusenergy.co.uk/wp-content/uploads/2020/03/Reserves-Resources-Valuation-Report-Angus-Energy-Saltfleetby-Assets-Effective-Date-28th-February-2020-Report-Date-4th-March-2020.pdf

... However, I'd say that its entire attention and resources really need to be focussed solely on nothing but Saltfleetby.

To me that's the sole significant potential asset that the company has (apart of course from Ocelot's much-loved offsettable tax losses)...
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The tax losses are not "apart" from Satlfleetby, they are part of the Saltfleetby CPR, the part which already exists.

Angus Energy plc (AIM:ANGS) is pleased to confirm that, following the seven day statutory notice period, planning application has today been submitted to West Sussex County Council for an Extended Well Test at the company's Balcombe site on Licence PEDL244.

Concluding comment on gold in an article for Citywire today by David Kempton:

Unlike bonds and equities, gold has no credit risk. A gold bar can’t go bust.