Member Info for ocelot

Mexico has made key data on its sovereign oil hedge a state secret to shield the information from speculators and prevent cost increases, according to official documents seen by Bloomberg.

The move reduces transparency into the workings of the program, which is the largest oil transaction on Wall Street and often moves the market. The Mexican Finance Ministry will keep the data secret for five years, it told the government’s auditing body in a February 2019 letter...

https://www.bloomberg.com/news/articles/2020-01-13/mexico-makes-oil-hedge-data-a-state-secret-to-thwart-speculators

unfair comment, Mike Nott has posted directly on this board on a few occasions in the past.

Tired of seeing my name as the subject-title!

Wolfbag 186
Champ Bunks 194
ocelot 200
H70 206
Hawkey 222

But it explains the approach used by GL: Saltfleetby is a part of ANGS, for which he has calculated the NPV.

His approach may not be to your liking, but will be comprehensible to any financial analyst.

It's also used by market analysts when looking at companies which hold a number of different assets.

Ever heard of a sum-of-the-parts valuation, wealdpwr?

wealdpwr,

Haven't you just confirmed precisely what Steptoes is saying, that any NPV calculation will give a very different figure from PV's £25-40m of market cap per 100 bopd?

Nope, because for every trade there is a market-maker.

lse is showing 2 trades of 5.5m each at the above price.

the clock on this board seems to be running about 5 minutes fast at the present time.

advfn actually shows 3 identical trades, but that could include a cancelled trade.

Following the Brockham RNS of 28/06/19, you spoke of instituting proceedings against the company &/or its management.

More than 6 months later, having made your enquiries, should you come to the conclusion that it is not worth pursuing the matter any further, will you let us know, please?

Thank you.

Let me just add:

what I'm looking for are signs that both Balcombe and Saltfleetby are advancing;

re Balcombe, because it is a 1,700 ft horizontal in the Kimmeridge in the "sweet spot" of the Weald, I anticipate signs of progress are likely to trigger very considerable interest in ANGS.

Ja51,

Don't have anything original to contribute re time frames, am not an energy expert, refer you to the company's communications.

Think there is a lot of good sense in Steptoes's 19:00 post.

Are you 100% sure you are not employed by either Anguish, Rupert, or RiverFort YA? (these seem the most likely candidates to want to counter any negativity and to paint a rosier picture.)
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You've forgotten that most who are invested in ANGS will want to counter unnecessary and/or exaggerated negativity about ANGS, yourself being a notable exception, YL.

wealdpwr,

If you have any questions to put to the company, you can submit them on their Investor Questions page.

So let's see if 2020 can be the start of better things for the company and its share price.

Don't forget you are still an investor in ANGS, YL!

.