Member Info for ocelot

"Organic growth from existing portfolio provides the opportunity to double production" (page 6).

There's a lot of it about.

375k shares traded at 195.00p at 13:12

My own concern is a simple one, to try to see my investment appreciate in value!

It does mean that, in Ja51 and Steptoes, the board benefits from the presence of 2 knowledgeable posters about ANGS.

They may have come to different conclusions about the company's prospects, but it is for each PI to form his/her own conclusion (which need not be definitive, of course).

Thank you for this information, too, Steptoes.

Had realised you have been following the stock for longer than your registration with lse (!), but didn't know your involvement with ANGS goes back as far as it does.

PS: I'll just make an additional comment:
I hadn't realised you had lost money in ANGS. Having arrived on the board in the Spring of last year, and given the way posters congratulated you for getting the stock right, I had assumed (mistakenly, I now realise) that you had always been negative on ANGS.

Early 2018, by the sounds of it, after the Balcombe purchase.

Thank you for responding so fully to my question.

A number of posters have congratulated you on getting this stock right, Ja51.

When did you lose your £5k in it?

The Riverfort convertible loan of 25/10/19 produced £247,500 more than required for the Brockham and Lidsey abandonment reserve account.
JPT's repayment of his loan in full should have produced more than £210k, including all interest due.
In theory, they can draw down £250k from Riverfort twice during the 1st 6 months of this year.
It gives the impression they are managing their cash resources with care.

From note 11 of the CLG meeting of 28/08/19:

The Lincolnshire gas field represents very good cash flow so they will not need to fund
raise.

https://balcombeparishcouncil.files.wordpress.com/2019/11/angus-energy-clg-notes-28-aug-19.pdf

AGM tomorrow - expect information will be limited to adoption of resolutions.

£6k was the interest accrued in 17/18: total accrued interest at 30/09/18 was £9k.

See last published annual report, p60, note 26: accrued interest on loan is £6k. Accrued, therefore, not paid.

Sorry, let me correct my error: interims are to 31st March, financial year-end is 30/09.

The last set of published accounts showed the interest he was due to pay at that time.

That's not possible, LLTM, the financial year ends 31st March and the loan repayment RNS was just published on 7/01/20.

I was quoting the RNS, as my following post showed.

I think you'll find it is your statement, "The facts are JTP has only paid in full the PRINCIPAL", which is wrong, but the company's response to a question of Ja51's should settle it definitively.

gmed,

The answers to Investor Questions are on their web site here:

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

Are you still aiming to sell your interest in Brockham? [Investor Presentation Sept 30 2019] Asked on 3 October 2019

We have explored this possibility but at present are planning to put the Portland Sandstone reservoir back in production when the EA grant us approval to resume water injection and the OGA approve our new development plan.