Member Info for ocelot

Just to add: that 4p broad brush figure of GL's re Saltfleetby does not seem to reflect their optimistic scenario or the potential knock-on effects to be derived from the employment of the projected positive cash flow:

Even under a conservative scenario the total net cash
generated over the 10 year field life is £17.6 million.
• The optimistic scenario assumes total net cash generated over
the 12 year field life is £36.5 million.

74% of the closing price of 3.55p before the Brockham RNS of 28/06 = 2.63p
+
GL's broad brush estimate of the value to ANGS of Saltfleetby of 4.00p

= 6.63p.

I'm hoping 5p will represent a staging post on the way to the restoration of a healthier share price.

WW2, Singapore, others have made the same error.

It's always possible to be negative if you are that way inclined.

From the BBC:

The US has reportedly identified locations in Iran from which drones and cruise missiles were launched against major Saudi oil facilities on Saturday.

Senior officials told CBS News that the locations were in southern Iran, at the northern end of the Gulf.

Saudi air defences did not stop the drones and missiles because they were pointed southwards, to prevent attacks from Yemen, the officials added...

There's nothing to stop anybody else from picking them up cheap, too!

Fair play, YL, re Lucan's buy.

That's deprived the negative posters of one of their favourite themes - bad form, I call it!

Oil plunged nearly 7% in London after Reuters reported Saudi Arabia is close to restoring 70% of the oil production it lost after this weekend’s attack on a key crude facility in the kingdom.''

https://www.bloomberg.com/news/articles/2019-09-17/oil-plunges-on-report-saudis-may-soon-resume-70-of-lost-output?srnd=premium

It's not faulty software, it's just the MMs moving the spread around. For example, the bid is currently 1.20p but the last "sell" was at 1.3415p.

could just as easily conclude:

"don't sell this stock, not at these low prices".

For the moment, Boyobach, I prefer to accept your wedge, because it may be signalling a break-out!

true spread looks like 1.322p/1.40p.

Sitting on your orange line now, Boyobach!

Due to submit their application for Balcombe any day now.

http://www.angusenergy.co.uk/wp-content/uploads/2019/06/Saltfleetby-Gas-Field-rev14.pdf

lse's closing price is wrong: should be 1.45p (just checked with London Stock Exchange site).

just to correct myself (I haven't followed ANGS as closely as UKOG):

ANGS's decline goes back much further than I suggested, having peaked by the end of 2017.

Just to follow through on DhC's post:

2.63p + 4.00p = 6.63p.

UKOG's decline goes back to the disappointment of Broadford Bridge, in the opening months of last year.

ANGS's decline is more recent and goes back to the disappointment of Brockham and the RNS of 28/06.

Both offer recovery potential and, certainly in UKOG's case, hopefully in ANGS's, growth potential as well.