They're a listed company, YL. If you have any evidence they are shorting, please make it available to the board.
The terms of the Facility agreement stipulate, for as long as any portion of an Advance is outstanding, neither the Noteholders nor any of their affiliates shall hold any net short position with respect to Angus Energy ordinary shares and they shall not, during any calendar month, sell greater than 20% of the number of Angus Energy ordinary shares that have traded during such calendar month.
Iraq’s president said Thursday that Prime Minister Adel Abdul-Mahdi had agreed to resign once a successor is found and vowed to move toward new elections after days of violent protests between anti-government demonstrators and security forces left at least 200 people dead.
In a televised speech, President Barham Salih said he would present a draft electoral law next week for an early parliamentary ballot, and vowed to crack down on corruption, one of the key demands of protesters.
Salih said the premier had requested political blocs to agree on a replacement before stepping aside, signaling a possibly prolonged period of horse-trading between antagonistic parties across a sectarian divide.
In Angus's case, the cash flow forecasts will be central to their submission.
Note, in 7.9 (b), reference to "the costs of all committed projects (including but not limited to the Commitment) ...".
This may well explain the need for the cash reserves against abandonment of Brockham and Lidsey.
7.9 Cash Flow Forecasts (a) In other circumstances the Applicant’s cash flow forecasts from the date of the application to the date in the future when that Commitment is fully discharged will be fundamental to the OGA’s assessment of the Applicant’s financial capacity. (b) These cash flow forecasts should include details of all sources of free cash flow expected to be available to the Applicant for the period of the cash flow forecast (including full details of debt facilities), the costs of all committed projects (including but not limited to the Commitment)4., the costs of any uncommitted projects where cash flows from those projects are subsequently included in the cash flow forecast, and any other expenses or repayments that the Applicant will need to satisfy, in particular, repayment of debt and interest expenses.
Fail to see why this response constitutes "ringfencing question dodged":
We have taken considerable care to plan for the ultimate abandonment of the Saltfleetby Gas Field, probably in ten to fifteen years from now, to ensure we have not acquired a significant liability. That work is complete and is under discussion with the OGA. We also aim to complete the decommissioning of two partially abandoned wells at an early stage. We expect however to fund the eventually liability from the considerable revenues generated by producing the remaining gas in the field. First full year gross revenues are expected to be in excess of £7 million and to greatly exceed total abandonment costs of £2.5 million. The Company’s general approach to abandonment provisioning has been comprehensively laid out in an RNS release of 24 October 2019.