Member Info for ocelot

In some ways, the NEX bond memorandum dated 24/05/17 shows just how much has changed since then:

agreed, some of the key shareholders have not changed, although their % holdings have declined markedly, from 16.87% in JT-P's case;

but neither of ANGUS's 2 principal projects of today were in their portfolio at the time;

and the one remaining director is Cameron Buchanan.

Ja51,

GL has said that he already knew JT-P. That doesn't stop GL from being a different manager to PV.

I've not seen anything to show that GL and Rupert Labrum know each other (but they do have City backgrounds in common).

Genel Energy plc ('Genel' or 'the Company') has been informed by the
Kurdistan Regional Government's Ministry of Natural Resources ('MNR') that
payments relating to invoices for August and September oil production, due
in November and December, will be received in January 2020.

Click on RNS button in top row should give you the RNS.

Looks like a knee-jerk reaction this morning: 1.216m shares traded so far, but the pace of trading has declined appreciably since first thing.

It'll dent the year-end figures, but they'll be able to use post-balance sheet events to adjust them.

Ja51,

That's UKOG formerly Sarantel Group's annual report for the year ending 30/09/13, ie. 6 years ago.

Sorry, but I don't really see how that helps in assessing ANGS's prospects today.

Divi is 5 cents, so about 3.8p.

So most of today's drop is due to this morning's RNS.

Way overdone, imho.

Hasn't happened in a long time.

Forget it: was thinking "beneficial holdings of shares held by shareholders holding above 10%" referred to an individual shareholder, but it'll simply refer to the combined holdings of Knowe Properties and JDA Consulting.

Apologies.

SHARES NOT IN PUBLIC HANDS
The total percentage of shares not in public hands is 15.0% defined as being beneficial holdings of shares held by shareholders holding above 10% and the directors holdings.

"A 'concert party' is a group of people acting in concert in a takeover bid. In the UK, there are rules for such bids, regulated by regulators such as the Takeover Panel ...". (Wikipedia).

Obviously, there is no takeover bid, so "concert party" may not strictly be applicable, but I meant it in the sense of "a group of people acting in concert".

Do you think the Labrums may have anything to do with the 15.0% of ANGS's share capital not in public hands (given that no significant shareholder holds above 10% of ANGS's share capital)?

http://www.angusenergy.co.uk/investors/share-structure-significant-shareholders/

My comment follows your post, Ja51, of 16:37 last Friday:

"So a family takeover at prim?

Stephen Labrum - 7,500,000
Rupert Labrum - 7,454,588
Janine Labrum - 4,250,000

And Rupert owns 7.5% of Angus also.........mmmmm wonder if the others are holding under the radar?".

Ja51,

You're the one who brought to our attention the Labrum family interests in Primorus Investments.

Could this have anything to do with the 15.0% of ANGS's share capital not in public hands?

It's odd, isn't it?

Have they identified a "concert party" involving a significant shareholder?

The total percentage of shares not in public hands is 15.0% defined as being beneficial holdings of shares held by shareholders holding above 10% and the directors holdings.
-----------
How is that 15.0% arrived at, given that none of the significant shareholders hold above 10%?

Adjusting for the enlarged share capital, JT-P has slipped below the 5% threshold, to 4.90%.

But, even in the conservative scenario, we are talking about production over 10 years, so, for myself, I consider an average natural gas price calculated over the last 10 years to be appropriate.

Ja51,

Are you suggesting that the most recent day-ahead price available should be assumed to remain unchanged over the coming 10 years?

Don't the graphs demonstrate the volatility of the price?

Ja51,

If you look at the graph in the presentation on page 7, you can see the price was about 35-40p at the time.

If you have doubts about the average price they have retained, how would you suggest establishing an average natural gas price for the coming 10 years?

ANGUS's forecasts are based on an average natural gas price over the last 10 years.

The conservative scenario assumes production over 10 years, the optimistic scenario, over 12 years.

wealdpwr,

But you're the one who has spoken of an NPV of 0! (see your post of 14:47).