Member Info for ocelot

Angus has now withdrawn its current planning application to West Sussex County Council with a view to submitting an updated application within six weeks... The revised application will propose a shorter duration of test period ...

re its horizontal into the Kimmeridge at Balcombe:

Angus has now withdrawn its current planning application to West Sussex County Council with a view to submitting an updated application within six weeks... The revised application will propose a shorter duration of test period (it was 3 years in the original application) ...

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GENL/14524660.html

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ANGS/14524652.html

... We think that in the current oil price environment there are one or two game-changers and company-makers out there likely to be shed by larger players as being inappropriate to their cost base. If we see one, we are ready to bid, but our main focus, as repeatedly said, is still delivery, delivery, delivery at Saltfleetby and Balcombe.

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

YL,

My post was in response to your following erroneous observation:

"Let's be honest here... nobody is interested in re-connection of an old gas supply...".

A lot of investors can see that Angus's share price has fallen a very long way.

A lot of investors can see, therefore, that, if it was to recover, the recovery could take it a very long way.

Let's be honest here... nobody is interested in re-connection of an old gas supply...
--------------------------------------------------
But the Saltfleetby CPR of 05/03 saw an intra-day share price peak of 1.35p in volume of almost 30% of total issued share capital, so a lot of investors were interested in "re-connection of an old gas supply" on that day.

OPEC+ cuts start officially tomorrow.

The world economy is taking tentative steps to start up again.

A pincer movement, but will it snap in quickly enough to avert the worst of the forecast storage problems?

12m buy just before the close, at 0.25p at 16:27:51.

A maze?

Agreed, wizard, given the size of the trades, this seems to be Tellurian reducing its stake.

It is weighing down on the share price, of course.

Hopefully, when this weight is removed (or eased), the price will spring up.

25m trade at 0.24p at 13:02:50.

at 11:59:20

Personally, was pleasantly surprised by the level of losses in 18/19.

With production revenues that can now go through the income statement + increased production in the near future + reduced costs, all that's missing for the company to become comfortably profitable is the oil price.

Personally, was pleasantly surprised by the level of losses in 18/19.

With production revenues that can now go through the income statement + increased production in the near future + reduced costs, all that's missing for the company to become profitable is the oil price.

Good volume today, 1.658m shares.

https://www.bloomberg.com/news/articles/2020-04-29/gilead-remdesivir-trial-for-covid-19-has-met-primary-endpoint?srnd=premium&sref=Em01M8Hr

https://www.bloomberg.com/news/articles/2020-04-29/gilead-remdesivir-trial-for-covid-19-has-met-primary-endpoint?srnd=premium&sref=Em01M8Hr

It does mean that, at least, one of the overhangs is coming down quickly.