Member Info for Oktane

Yup, getting to 3p today is similar to 35p back in the day; market cap is the real measure, and at last they have an asset that others also place a value upon in the gas field - the oil assets may or may not ever have > value than their liabilities, you saw that on the appeal news having zero price impact.

Ocelot forward prices are the arbitrage balancing point of funding purchase of gas, storage, insurance, transport and such and do not predict where prices will be in say 2025, please check any applied finance textbook.
The market prices forward delivery values using fwd rates, but that is not the same as it sayingbeing where we will be on that date.

First of all it pains me to say it, despite the huge amount of silly things he posts, Mr 008 was pretty much alone in calling for below 1.00 and has been correct. I await the next buy-in for myself, but having watched it fall by over 50% as of today feel no urgency getting back in.

Yesterday saw a huge amount of irrational chat on here, as one person obviously stuck Long & Wrong insisted we dropped to .95 due to a huge buy order, comedy gold that, to think that someone can't figure out the price has been going down because there are more sellers than buyers. The level of desperation yesterday might indicate we are nearing a low here at last.

Very moderate traing volume given the magnitude of the price changes over the last week. Aside from concerns about the sidetrack, people need to consider the position of the 'big boys' investors from the December placing. As of right now they need a 75% move up to get back to break-even. There is a huge risk one of them decide to manage their risk and cut their losses; at best this means there is a ton of selling going to happen into any good news rally. Be careful and grab a profit on good news, to 'bag' we are going to need a whole lot of volume from new buy and hold investors. GLA

If the second compressor does significantly increase production from the two wells ANGS run the risk of damaging the integrity of these mature wells and bringing forward declines in well output.

Given management's competence to date, does pushing these wells hard seem wise?
If the third attempt at the sidetrack fails, and in the near future over producing damages the current pair of well, where do you think the share price will be at?

For the sake of the many long-term holders here I hope they DO NOT attempt to ramp up current wells output.

SV asinus ad lyram

Sniffer, ANGS management needs to weigh their need for cash flow against damaging the well's integrety and ability to flow from over extracting from a mature gas field.

Ask yourself what the share price is with no sidetrack and the existing wells damaged? I really pray ANGS DO NOT take chances on pushing the current pair too hard.

Chill, I was replying to Scarlett, who along with BV does most the insulting on this board.

Long list of historical failed sidetrack attempts, which you attacked others for posting previously, suggests the geology here is a little challenging, and was part of why Wingas sold it to us.

Did anyone bother to rember to inform ANGS management?

Asking for a friend.

That should provide some relief from todays share price slide!

Two problems though with that:

SF is an old, mostly already depleted big gas field, without a new sidetrack well the drop-off in production from the existing pair of wells could become steep by 2025.
Second, AIM sells things hard that face a delay of two weeks; two years and everyone will sell up and look to buy back in early 2015 when the price is far lower.
So it remains all about this sidetrack. ANGS seems to be suffering from some sellers fearing the worst. I sure hope there is no leaked news, but just people taking a loss and moving on.

Volume is so low all we have been seeing is individuals that averaged down from 2.00 cutting losses.

Lot less evidence our Hong Kong wants to hold LT at a big loss than Paul Forrest. The HK 220m holding is unlikely very pleased with developments to date.

If PF were selling any % of his holdings this would be far lower in price. He is a LT holder, but his end game may involve something other than selling at a much higher price, such as taking company private under certain future conditions.

Homework done on the largest holders is essential on AIM. The implications of our hugely busted raise at 1.65 is something most of the 3p on news crew do not seem to consider correctly.

Nothing to do but wait if you have bought in the last year and are under water on your buy level.

Good news is we should get some sort of news on the sidetrack result soon, which if it flows well is not priced in at these levels.

Bad news is the market fears another raise, and at 50% below the recent large raise there is a huge amount of sells to get through for this to double in price. Simple risk management has traders preserving capital and cutting losses at this point.

Good luck to the many stuck long and waiting. Lots of cash sitting on the sidelines to play the good news when it comes, I am doing this, but understand many news buyer on good sidetrack will just trade this and grab a fast profit by selling. Not much from ANGS management's track record to suggest buy and hold.

Given his stated recent buy levels he's certainly sitting on a loss tonight.

This dog continues to suffer from fleas.

So happy to be OUT over this weekend!

Given past management actions, and the price being down 60% from the highs on first drilling,
not considering all outcomes, both good and bad, is about the worst advice anyone could follow here!

That has been done in thepast, study suggested capital needs of circa £200m needed to create huge storage facility, gonna need outside funding or selling an aweful lotta gas first!

Once the mutual admiration meeting adjurns useful to think about how trading will unfold with some positive news, 30% rally to around 1.65, and how the 3.6 billion share owners will respond.

Anyone done any detailed digging into specific trading strategies of our latest position trader from Hong Kong and insight into how sticky his 220 million share will be if back above water?

So since the price ran up to 30p in 2017 we have x17 more shares outstanding, or about 1.65 at todays level, interesting.