Member Info for ocelot

I was quoting from YL's post, Mirasol.

I'll add something, too:

suspect that, by the time you are satisfied with the "actions on the ground and factual evidence", the share price will already have moved up quite significantly.

'Tis the season of goodwill: best wishes, YL, here's hoping for the required "actions on the ground and factual evidence".

She was simply making a political point!

... the only well to have been truly successful to date was HH... which Angus sold off to UKOG because they didn't have the expertise to get it flowing!!!!!!!
Hardly confidence inspiring that we are "still" employing the same amateurs :-(
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But they had sold it off before their IPO at 6p in late 2016!

YL,
Suspect the time is approaching when you may be tempted to make some money out of your investment of time in following ANGS closely.
There was a time when you were bullish on ANGS. Then you became bearish. Will 2020 be the year when you turn bullish again?

Don't think it's material for an RNS, (but could be wrong, of course).

Think it could be dealt with in an Investor Question.

How do you know he's not already repaid?

25% as per Angus's website:

http://www.angusenergy.co.uk/what-we-do/balcombe-discovery-pedl244/

They (Riverfort) can be selling shares from the first conversion tranche against the next which will give them a higher average.
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Care to explain a bit, wealdpwr?

If I could work out what you are trying to say, I wouldn't ask, but I can't.

Good! That is what we want to see, isn't it? The debt to Riverfort reducing as they convert the loan into shares and sell them into the market.

Maybe not, but the pace is being to quicken, re both Saltfleetby and Balcombe.

Very short trading week next week, 2 1/2 days, so GENL will need to gallop to achieve your 222p, Boyobach, but good to see you at the other end of the likely range of forecast prices and congratulations on your win this week.

I'll go for 205p.

ocelot 205
Boyobach 222

Today's volume was markedly better: 7.377m shares, per advfn.

They (Riverfort) can be selling shares from the first conversion tranche against the next which will give them a higher average.
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Haven't understood this comment.

What Riverfort need more than anything else is higher volume.

6 months on from the 19/06/19 presentation and the production target start-up for May-August 2020 remains unchanged.

Nevertheless, precisely because it is a horizontal in the Weald basin's Kimmeridge, it is going to generate a lot of interest.

not just from those interested in ANGS, but also from those interested in the Weald basin, because it is an approximately 1,700 ft horizontal well in the Kimmeridge.

Extract from Investor Questions:

on what basis are you targeting such a conservative flow rate 300bpd from this (the Balcombe) well? Asked on 19 November 2019

... We do indeed believe that the Kimmeridge at Balcombe is in the sweet spot of the basin, and we are confident that the well will flow oil given that we have already seen this during the previous test. Rates in the Autumn 2018 test were, however, short lived as the dense drilling fluid in the well made sustained oil flow impossible... Horse Hill, which has a vertical well, has been flowing oil from the Kimmeridge at rates of 200 – 300 BOPD and being very conservative we would expect to match this. Given, as you correctly note, this well is a long lateral, one might expect rates to be 2 – 3 times higher than that of a vertical well and so we would certainly want to exceed the 300 BOPD rate, however, until we test the well we simply do not know for certain how the reservoir will perform...

To my surprise, we all seem to agree that at the present price ANGS is cheap!

447k shares was the average trade size after the first 69 trades, at 15:19.