Member Info for Oktane

"Daylight robbery. I bought these simply on sentimentality because I once lived there. I had forgotten what a miserable time that was, cold, damp reclaimed land that rarely saw the sun(and that just created fog). I should have run a mile from these shares just as I did from that place 50 years ago."

And I bought in because the boys here told me it was going to 5p with a second compressor doubling production!
D'oh!

"Either a bargin here and buys will flood in this morning, or market sees no reason to buy for 13 days as risk of yet more shares issued to pay for the delay keeps buyer on the sidelines.

Should be clear soon which is correct."

Looks like we are stuck on yesterdays lows, and found support at the levels of 2022 April to August.
Good luck to the many stuck long here, good sidetrack is going to bring this well higher, I have been looking for a level and timing to get back in, doesn't feel like any urgent buying so far today unfortunately.

Either a bargin here and buys will flood in this morning, or market sees no reason to buy for 13 days as risk of yet more shares issued to pay for the delay keeps buyer on the sidelines.

Should be clear soon which is correct.

This has been said a thousand times the LSE buy/sell data is mostly useless.

Being down 16% on big volume, with no bounce and closing on the lows, tells you there were massively many more sellers than buyers today. Anyone not understanding this from today's data should do some learning. Add in that anyone that has bought in the last five months is showing a loss, and how many Hong Kong shares bought at the 1.65 last placing might exit on any rally, and we are in classic ANGS territory of very, very frustrating to own. I am in agreement with Baits, Barnetpeter and several other seasoned traders on here, could well be another good buying opportunity soon, but this is completely a short-term trading share, management seems to have nothing ever quite go right and the market remembers.

As Wednesday was the 18th!!!

"RH clearly states in his tweet that the footage was taken on Wednesday the 19th"

"Trust No One" The X Files

So 60% of 3.5 billion is what, 2.1 billion free float.

Wonder how tightly held our latest Hong Kong investor will prove to be, once we raise above his 1.65 entry price?

This is a different stock from when it had a tiny float, investors need to watch very carefully the price action on the next huge volume trading day, massively more people looking to bag profits at say 2.00 are going to make it critical for any rally on news to find a lot of new investment funds pouring in.

Exciting times ahead, beware bulls and bears make profits, pigs get slaughtered in the market.

Main purpose of flare 'news' was to allow someone to sell above 1.60?

As Push states, with drilling ongoing that is not yet a flare of the sidetrack.

Over last 4 months we are down 40%, so real-talker and perhaps many more are trying, hard, to exit ANGS with capital intact!

JRlomax, being > 12 months behind original schedule has had costs, lack of planning experience has continually led to delays, remember how July drilling date came & went without either action or comment.

Hopefully planning process is better developed now at ANGS!

Northman, think of the hedge as car insurance, for each month over the entire hedge period, we sold the policy to the loan originator to develop the field.

They made a claim for two months for loss of their car. We owe them the value of the car, minus their excess amount.

So with gas (car) prices then very high, and lower now, they asked us to make part of the payment at the end of December. How much % is unclear, might be 90% but could also have been 50.1%.

Hope this helps.

"As a precautionary measure, the Company has worked with its hedge provider to roll a portion of the Q3 2022 hedge into Q1 and Q2 of 2023. This has allowed the Company to take advantage of the very high forward gas prices and contango to lock a higher average forward sale price at no up-front cost to the Company."

THIS, having been shown to be completely untrue, alone will hold the price back here and ensure any spike up in prices will be heavily sold into. Trust, or lack of trust, has a huge price impact, and it is back to the ANGS of old unfortunately with this mornings 180 degrees oppopsite RNS. That, not the money and dilution, is the lasting damage from today.

Well let's see, we are down 19% on the day...

Maybe investing is something you should not consider?

Peck your last sentence, assuming success, is the problem...

Around 1.25-1.30 is first buy point
MASSIVE resistance above 1.65
Pretty much no one that bought in last 4 months is above water, very light volume so far today, there are loads of new members in the usual ANGS lobsterpot.

Trading share only, today's RNS reconfirmed that yet again

Neet to trust management though, something not present here.

Play the bounces, grab a quick profit is the only game here for those of us not privy to full information.

Anyone position trading this should consider anything >=1.65 a lifeboat and bail out IMO

Trading share only, confirmed yet again!!

Pretty moderate risk here for a micro oiler-gas company, personally was burned by earlier management here so been playing ANGS in and out since to good effect, currently out as better opportunies elsewhere, happy to watch until more results.

Two things holding this back:
1) one big investor likely to sell off more of his huge holdings, as he did in November
2)with 3 billion shares out there, lotta potential sellers UNTIL we see a huge volume wave of new buyers on clearly good news making profits.
#ou will know if that day comes, but there will be big +/- swings becasue of both factors above.

Except when it doesn't.

Now add 5 million home heat pumps and cars on charge, and get ready for rolling blackouts coming to your area soon!