Member Info for ocelot

And from the 01/05 Operations and Planning Update RNS:

George Lucan, Managing Director, writes: "I would remind shareholders that, even on our modest estimates, Balcombe is a very valuable prospect to Angus and could at pre-crisis oil prices justify on its own the market capitalisation. We won't give up on it. Saltfleetby, however, according to the Competent Persons Report promises to deliver, as a mid-case, GBP50 million of future P50 cash flows before tax to Angus. This is a different order of magnitude and without any exploration risk.

Think it is the move they make once Saltfleetby is up and running that could provide an additional impetus to the share price:

The Director's will continue to focus on the UK onshore but do not rule out acquisitions overseas in jurisdictions where the rule of law is strong. We have closely reviewed over ten such acquisitions and have bid on three this year and bought one. (from the Annual Report RNS of 05/03/20)

From the Saltfleetby presentation of December 2019:

• There are low risk drilling opportunities. With many parts of the field left undrilled – nearby infill drilling is
relatively low risk

I missed this at the time, but I see Drill or Drop's article on the interim results RNS of 30/06 headlined UKOG's consideration of stimulation as a solution to the problem at HH-2z:

https://drillordrop.com/2020/06/30/stimulation-considered-as-solution-to-continuing-water-problem-at-horse-hill-well/

http://www.angusenergy.co.uk/media/investor-questions/

PS: should just add that the Saltfleetby CPR's net present value is calculated as at 01/01/20, 6 months ago.

Net assets at 31/03/20: £11.116m = 2.03p per share.

Saltfleetby CPR's mid-case net present value when discounted at 10% pa: £25.2m or 4.61p per share.

If not discounted at 10% pa, then the Saltfleeby CPR's mid-case forecast for total post-tax future net revenue is £36.3m or 6.64p per share.

(Note re the 1.07p of tax losses in AEWB No.3 Limited: these are not included in the published group net assets figure of 2.03p per share but ARE included in the Saltfleetby CPR's forecasts).

Angus's share for the 5 years 2021-2025 (p52):

2021: pre- and post-tax, after capital costs: £2.1m
2022: pre- and post-tax: £6.6m
2023: pre- and post-tax: £7.2m
2024: pre-tax: £7.1m; post-tax: £4.8m
2025: pre-tax: £7.1m; post-tax: £4.2m

https://drillordrop.com/2020/07/07/breaking-broadford-bridge-oil-site-gets-two-more-years-live-news-updatesdford-bridge-extension/

It was baits, I think, who remarked that Angus's shares are in sticky hands.

Today's volume so far is just 430k shares.

The share is, therefore, nicely-poised technically to rise, all that's lacking is the trigger.

Different Council.

Best wishes, will1734.

awful lot of negatives in that 2nd part:

"adverse", "NOT", "contrary".

They seem to have lost the sense of what they were trying to say.

Who do you think they had in mind, nomlungu?

How odd: the 2nd part of the conclusion seems to contradict the 1st part.

If you remember, salary levels were cut back.

PPS: what interests me about AEWB No.3 Limited is its tax losses, because these cannot be transferred within the group and because AEWB No.3 Limited is the group's only operating subsidiary and, therefore, the subsidiary in which the Saltfleetby project is located.

For the rest, AEWB No.3 Limited's figures are fully consolidated within the group accounts, as a 100%-owned subsidiary, so it is the group accounts which count (for me, at least).

PS: if the questions posed by those I have filtered produce any information of interest, that is when I will take a closer look.

gkb47,

Your post of 19:06 refers to the questions "about the debts and the acquired tax liability from an associate?" - I have no knowledge of these questions (because I have chosen to filter those posing them).

Re the rent, this is not something that caught my eye when reading the group accounts, so I will leave it with those for whom it raises a question.

Have only filtered 4 posters (in chronological order, wealdpwr, MichaelG, Rastuss and Alan2017).

In fairness to wealdpwr, he has always limited the number of his posts, so it is the last 3 above-mentioned posters who seem to be responsible for a large percentage of all posts on this board.