Member Info for ocelot

If the 2 sides can't come together for further talks, then the future looks grim.

Trump seeks to exert maximum pressure. The Iranians interpret this to mean he is not serious about seeking peace.

Where, oh where, are the Americans with knowledge and experience of this part of the world?

In theory, they should be in the State Dept (and on university campuses).

23.8m shares at 0.0205p = £4.8m

of which 24.94% of GROC (£15,6m at 5.50p) = £3.9m

All of Alba's portfolio ex GROC is capitalised in the market at £0.9m.

Supposing the Q1 estimated revenues of £5.65m had fully reflected the 30% increase in production, we would be looking at a figure of £5.65m x 1.30/1.05 = £7m, giving us, annualised, £28m.

With that kind of revenue, ANGS's prospects would be transformed.

Mullins,

True.

Let's wait for the details of the restructuring.

A 1Q update from Angus in which they note that there is a 30% increase in production following completion of the workovers during the quarter at Saltfleetby. Production in the quarter was 5.24m therms, up 5% on 4Q 2025 which only partly includes shut-ins for the workover operations.

This, along with liquids production and oil from Brockham gave estimated revenue of £5.65m thanks to firm hydrocarbon prices likely to continue through Q2.

Shareholders will be keen to hear news of the financial restructuring where the company state that they ‘continue to make good progress on the legally binding documentation associated with its proposed financial restructuring. The Company is targeting completion and execution of the definitive agreements in the coming weeks’.

All in all good news again from Angus particularly on the operational front, when they can sign the documentation on restructuring and the shares return to a listing shareholders will breathe again.

https://www.malcysblog.com/2026/04/oil-price-reabold-jadestone-angus-and-finally/

At least I can now understand what you are talking about.

UKOG's Weald journey did not go according to plan, agreed, but this is the Angus board and I've still not undertstood what UKOG's return from suspension has to tell us about Angus's.

You are talking in riddles, Bubblepoint, which are way beyond me.

I will leave it at that.

Totally confused, have no idea what it is in UKOG's return from suspension you consider of relevance to Angus.

Bubblepoint,

You mentioned UKOG in relation to ANGS.

Not having any idea what aspect of UKOG's return from suspension you consider of relevant to ANGS, I wrote my post.

After yours of 15:40, I am none the wiser.

Day's volume bumped up by late-reported 100m trade at 0.0181p.

So that looks like a sell but a sell that has been absorbed by the market, given the price has subsequently risen.

Bubblepoint,

UKOG returned from suspension. That same morning it announced an MOU with National Gas and the share price multiplied, at its peak, 4 times.

The next day it announced a placing which was followed in, quick succession, given the demand, by 2 more placings and, then, a bit later, by a 4th placing.

How many placings are you suggesting ANGS will announce on its return from suspension?

Agree with SB, that the stock is grossly undervalued. Until the market takes fuller account of what it has already achieved and of its potential, it will remain, in my eyes, a very strong buy worth multiples of its current price.

In particular, the market appears to have taken no note of SB's conviction that the EIFO is prepared to offer finance to them through to production. This alone would a very major achievement and de-risks their projects financially.

Reckon he was being cautious. If the price performs well, he will revisit his target.

"All very true, Neo. But if the restructuring has watered down our ownership to almost nothing, it's all irrelevant, isn't it".

There is no evidence for such a gloomy assessment of the restructuring. On the contrary, the signs are encouraging.

Are the siignificant shareholders represented on the board going to dilute their own ownership to almost nothing?

Included GROC in his Bulletin Board Heroes of yesterday, Sunday 19th.

Target: 6.50p

The compaNy explains why the quarter's gas sales understate the underlying improvement in production Rates:

"This modest increase (of approx 5%) was driven by the successful completion of the Saltfleetby well workover programme but moderated by the impact of planned well shut-ins during January and February to facilitate the workover operations and therefore does not fully capture the circa 30% uplift in underlying production rates achieved post-completion".

Total oil production from the Brockham Field for the quarter was 4,114 barrels, equating to an average production rate of 46 barrels per day, broadly in line with the previous quarter (Q4 2025: 4,577 barrels; 50 barrels per day). Operational efficiency was 100% (Q4 2025: 100%).

Ongoing optimisation initiatives have supported stable production, alongside a continued reduction in water cut. The Company is now progressing preparations to restart production from the BRX4z well targeting the Portland reservoir.

Good luck to you, too, TH2!

The situation in the Middle East is changing all the time, its impact on the gas price is changing all the time, too. For myself, it needs watching carefully.

You, Bubblepoint, are very fond of asserting that "the FACT is that they HAD £37.1 MILLION in revenue over 24 months, and were almost skint at suspension, with the 12 month grace period ..." but that assertion never changes so there is no need to watch it carefully.