Member Info for ocelot

The transfer of the 35% licence share is complete, it's just the full payment that remains to complete.

After the Brockham RNS of 28/06/19, thought Angus should have traded in the 2.50-3.00p range.

8 months on, both Saltfleetby and Balcombe are progressing, so would put a reasonable share price as around 4p now.

Those who want to buy in or reinforce should be grateful to Riverfort for making available stock at these prices.

issued share capital: 571,913,544

volume (per advfn): 121.9m

For myself, today's rise is simply the beginning of a correction of a valuation anomaly: I was not anticipating the share price to have fallen as low as it did following the Brockam RNS.

At 3.55p the day before that RNS, a price range of 2.5-3.00p seemed to me more reasonable at the time.

From Angus's annual report RNS:

... The Group immediately followed up the result with consideration of other options for the site and the Licence, which extends further south from Brockham and closer to Horse Hill. The site itself has two other wells both of which connect to the Portland reservoir which is historically where the bulk of oil production has taken place at Brockham. One of these wells is a producer, shut in during the works on the Kimmeridge, and the other is a water injector suspended due to environmental permitting.

The Group is applying for permission to the Environment Agency to resume water injection to manage the Portland reservoir and increase recoveries from the producing well. A Field Development Plan has also been submitted to this effect to the Oil & Gas Authority. The Group believes that, subject to permits being granted, the site would be commercially profitable without any further significant capital expenditure. Recompletion of the BR X4Z well as a Portland producer is also under consideration.

Also, under consideration is a disposal of the Group's interest in the site and the Licence to a third party and discussions have been held with two such parties although these remain inconclusive. A final option, decommissioning of all three wells and restoration of the site has been fully costed and provided for with a designated reserve. Based on the above and as further explained in note 11, the board have recognized an impairment of GBP0.3 million against its carrying value.

32,133,676 shares - the way today's volume is developing, they should be able to make significant inroads into that today alone.

You wouldn't expect me to agree with you, Ja51, and I don't - I think you are missing the point, but, as always, time will tell.

£200k - good!

Wrong board - sorry

£200k loan conversion - good!

Ja51,

You've been following ANGS for long enough to know that today's volume and the number of posts on this board constitute a sea-change for the stock.
The 2 RNSs were the trigger.
Why not try to take advantage of this sea-change for your own financial benefit?

Ja51,

Momentum has shifted in Angus's favour. It's taken 8 months, but the stock has got there, at last.

** Genel Energy is considering whether to expand its operations in Iraq’s autonomous region of Kurdistan, as well as elsewhere, its chief financial officer told an energy conference in Oslo on Wednesday.

It's taken 8 long months since the Brockham RNS of 28/06/19, but, at last, the market is prepared to take a 2nd look at ANGS's prospects.

The technical, planning and regulatory hurdles are being steadily overcome, and we remain confident that they can be; we believe we should be able to replace even some of the more optimistic revenue expectations which shareholders had for the Brockham BR X4Z well with gas revenues from this field over the next decade.

A reminder that the share price was 3.55p the day before the Brockham RNS of 28/06/19.

The Group has incurred indefinitely available tax losses of GBP18,533,000 (2018: GBP14,796,000) to carry forward against future taxable income of the subsidiaries in which the losses arose and they cannot be used to offset taxable profits elsewhere in the Group.

At the current corporation tax rate of 18% = £3,336m

was for 17,319,016 shares.

At 08:54:35, a trade went through for 4,319,015 shares at 0.993p.

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...

Balcombe, too, looks to have great potential as a producing asset, planning considerations being overcome...

And, despite Riverfort selling 5m shares, the share price put on 17.2%.