Member Info for ocelot

Repayment of Former Director's Loan

Angus Energy plc (AIM: ANGS) announces that the loan of GBP200,000 made to former director, Mr. Jonathan Tidswell, has now been repaid in full. (RNS of 7/01/20)

Yes, in full.

MESSAGE FROM THE M.D.
We have received today, on the cut-off date, one particularly long submission comprising some 20 questions! We apologize for not loading these questions at this time for voting on. We will split up the questions into a manageable format and load with answers before the 30th as otherwise detailed. Thank you to the questioner for their interesting points.

From the Investor Questions page on their site.

Fair enough, Ja51.

I read it that costs are ANGS's until the submission of an FDP to the OGA.

Re your question 18, this is an extract from the original RNS of 22/01/18 announcing the agreement to acquire 25% of Balcombe:

Under the terms of the agreement, Angus Energy will pay a cash amount in two parts as set out below
along with the costs of the well test program of Balcombe-2Z. If the results of the well test are
determined successful, the Company will assume the associated costs of a Field Development Plan
(“FDP”) submission to the Oil & Gas Authority (“OGA”).

With so many questions, if they are all retained, it is likely that no one question will be rated particularly highly.

It'll be interesting to see which emerge as the most popular.

Ja51,

There's one spelling error I'll bring to your attention, but I wasn't looking for spelling errors when I read through your questions:

9 As there is no suitable disposal sight - SITE, not sight.

17. something's missing in the 3rd sentence:

The project will then be put on hold whilst a detailed

Re 10: something's missing from the last sentence

... in the event of there being too many we guarantee that the 10 most popular questions will always be answered.

There are 3 that have been submitted so far.

Instead of inundating them with questions, why not choose the 3 or 4 you consider the most pertinent, Ja51, at least, in the first instance?

Iraq temporarily stopped work on an oil field on Sunday and supply from a second production site is at risk as widespread unrest escalates in one of OPEC’s biggest producers.

Protesters also shut down border crossings with Iran, according to local media. Oil prices jumped about 1.8% in Asian hourse on Monday as the stoppage coincided with disruptions from Libya, reigniting fears over security of supply...

https://www.bloomberg.com/news/articles/2020-01-19/iraqi-oil-field-halts-as-protests-calling-for-reforms-escalate?cmpid=BBD012020_OEU&utm_medium=email&utm_source=newsletter&utm_term=200120&utm_campaign=openeurope

Welcome to the share register, Ja51!

No, Hawkey, that's where Karamehmet's holding is lodged, with Davy.

Nazli K Williams is still on the Board so, yes, Karamehmet (Focus) hasn't budged. From Wikipedia:

Genel Energy was created in 2011 as a result of the reverse acquisition of Turkish Genel Enerji by Tony Hayward-led investment company Vallares.[2] Vallares was set up by Tony Hayward, financier Nat Rothschild and banker Julian Metherell.[2] Genel Enerji was controlled by Mehmet Emin Karamehmet through Çukurova Group (56%) and Mehmet Sepil's family (44%).

Libyan commander Khalifa Haftar blocked oil exports at ports under his control, slashing output by more than half and posing a potential setback for an international conference on Sunday that aims to broker an end to a civil war in the OPEC nation.

As a result of the blockage of ports in the central and eastern parts of the country, oil output will fall by about 800,000 barrels a day, costing $55 million daily, the National Oil Corp. said in a statement on Saturday. The NOC declared Force Majeure, which can allow Libya, which holds Africa’s largest-proven oil reserves, to legally suspend delivery contracts...

https://www.bloomberg.com/news/articles/2020-01-18/libya-declares-force-majeure-as-haftar-s-army-blocks-oil-exports?srnd=premium-europe

Mirasol posted this message at 15:58 yesterday:

Egdon have planning permission awarded for Wressle and the Council will have to pay some costs. That should sober up a few grandstanding Councillors across the UK

"Bit like Mrs Queen granting titles, the recipient does not own the title, and indeed some have been called back".
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It's a bit more than that, Seadoc, there is a contractual obligation on the part of the company to deliver the required number of shares at the required exercise price (subject to subsequent amendment of the contract by the contracting parties).

That's pretty resounding stuff, Mirasol, thank you for your post.