Member Info for ocelot

nicksig on advfn has a £5 target "for sometime over the next 18 months".

That's the kind of figure I think is possible, too.

J.P. Morgan Global Oil & Gas CEO Conference (London)

5 November 2019

wizard125,

In the past, admin have banned both participants in bad-tempered quarrels, so it's important to remain calm (if possible!).

The positive interpretation is to suggest that the cash reserving of abandonment costs for Brockham and Lidsey formed part of the to-and-fro of continuing negotiations with the OGA about Saltfleetby.

I accept that is hard for those who have lost heavily in ANGS to put a positive interpretation on current developments.

I'm bullish, jaffas, so am hoping it can go significantly higher than that.

Question of market perception: when and if the market believes, the stock has touched bottom, ...

That may require a triggering item of news.

Or it may simply be a steady increase in buyers in face of a declining number of sellers.

Zero liquidity can change overnight!

My best wishes to you, jaffas.

The market is waiting for positive signs of progress, of course.

But, given the depth and the speed of the share price decline this year, don't be surprised if positive signs of progress produce quite a powerful surge in the share price.

Angs closed last year at 10.65p.

At 1.025p, it has lost 90.4% of its value this year to date.

Time will tell whether the market has been right totally to ignore the company's Balcombe and Saltfleetby prospects.

West Sussex County Council have up to 8 weeks and 1 day (from today) to review the application before a recommendation must be made by the Planning Officer for or against the proposal.

This stock has been consolidating its preceding impressive upsurge for about 18 months now.

It's a massive rise, I'm looking for, not a massive sell off :-)

£14.796m at CT rate of 19% = c£2.8m = about 50% of the current market cap of £5.5m.

Of course, to benefit from the carry forward tax losses, ANGS needs to make profits and, according to that note 10, in the subsidiaries where the losses lie.

From note 10 of the last annual report, Y/E 30/09/18:

The Group has incurred indefinitely available tax losses of £14,796,000 (2017: £10,413,000) to carry forward against future taxable income of the subsidiaries in which the losses arose and they cannot be used to offset taxable profits elsewhere in the Group.

From Bloomberg's close-of-play market summary:

European equities surged to a four-year high as the U.S. and China indicated further progress toward some kind of trade deal. This may culminate in a meeting between the Trump and Xi Jinping later this month.

They've promoted Trump to "the" Trump :-)

You don't make it easy for fjones, Seadoc!

Why not put your share price forecast on a separate post?

:-)

To my ears, YL, you sound much more bullish than I had appreciated.

No, to raise money privately from "sophisticated" investors, they would need their story to be convincing.

But looking ahead... with Lucan's city contacts... I would assume raising money through private investment might be less of an issue...
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That's just about the most bullish statement you've made about ANGS in a long time, YL, because it implies they'll have a convincing story to tell in order to raise private funds.