Member Info for Oktane

With 1.3 billion shares a 5p price for SFG is £65 million, which as of today given what we don't know about flow rates and sidetrack success is a very high valuation. Then there is the loan, lender agreement, and hedge to consider. So hold on to your hats regarding a large bid near term, the above should clarify why an all shares offer is the only hand showing as of today.

Has to be a huge number of holders satisfied to take the money and move on above 1.50, I did last week first time up. Until that portion of the billion plus long holders is finished this isn't going anywhere. Above 1.70 on good flow news this should run a fair ways upwards. Good luck all long term holders, hopefully full production will provide a profit or at least a chance to get back to even here.

Ramblings after a somewhat liquid lunch.

Might be true of all AIM shares, but having tried several times to buy and hold ANGS in the early days and struggled to break even, I shifted to targeted positions and from that time have made money.

Yesterday on medium volume we tested the highs of the last 2.5 years, a clear sell level for me. A wave of bullish posts appeared, often an AIM sell signal.

Today we are doing a good job of consolidating recent price increases, on small volume.

The challenge here, as Sageman and Headinsand correctly point out, is we need a series of events to unfold correctly for the price to go to 2p and hopefully much higher. To date ANGS has made hard work of the simplest tasks, and has a nearly unblemished record of failing to meet their own estimates.

For the sake of Yanis and other long term holders I very much hope production and or a bid happen to get you out for a decent return. Myself, I am a swing trader here, but feel no need to try and talk this up or down non stop. I will try another long position here again soon. Good luck all.

ANGS might just be on the cusp of making significant revenues, and that would lead to a rerate.

However, we have been up to 1.50 three times before, each on bigger volume than today. Good luck everyone playing for the breakout, now spectating myself, more than content with todays move upward .

Great move, starting to price in success on first gas.

sales above 1.50 level to close for me. Good luck all.

Well if we are really, really lucky Adrian/Geod/FOHill will have managed a 20% gain at last and has moved on.

Real potential here IF for the first time an ANGS plan is actually achieved.

All to play for here, still a binary bet with far more + than - potential inb my opinion.

Yanis are these for associated water seperated out from the gas flow, site rainfall, or something else?

We are at 0.80 because the market is not certain this time "turning the taps on" will prove any different from last time.

Getting something, anything, fully right would improve sentiment to no end.

HUR up 13% today and more than doubling this month is looking good for investors that venture offshore UK.

As James says, credible management is absent here, and any bidder may be waiting to pick up the pieces after the hedge and loan repayments dates arrive.

Yanis gas prices are not relevant if the market doesn't believe the current crew can get it over the line.

Risk off trades dominating today, ANGS doesn't yet produce anything so could be affected, sell stops below 0.70 ?

Not many arguing against that, however based on results to date for ANGS management the market is shall we say 'cautious' of their ability to deliver on time within current budget a profitable result, something never yet seen here...

It is a bit surprising Yanis, at some point news or lack of news will greatly move us up or otherwise here.

Meanwhile it is a fact dogs sleep most of the time. We need ANGS to prove it is a bull soon.

Aside from being up 30% the only thing certain here today is Gideons MISSED THE BOAT today!

Gideons busy deramping over on UKOG, one gets the idea he missed out completely on +30% today,
not all of us did!

30% higher,
huge volume,
every career troll out doing their best to deramp here,
just like the good 'ol days,
long may it continue!

While I often agree with Mirasol of the perils of investing in AIM oilers, today he/she is making a total fool of themselves trying to talk down the surge in UKOG now that the threat of a retroactive decision to remove production permits is off the table.

The inability to understand how this massively changes the outlook there reveals the higher likelyhood the poster in question is simply an anti activists with energy industry experience.

Up 10% should give you a few hints...

This is a binary play, gas in volume on time big price increase, failure of timing or volume means sold to someone else for very little. If it were possible long 0.80 call/put straddle Sept22 would be ideal position here.

Market value is 0.80 due to recent placement and:

ANGS record of zero profit making results on all projects to date
Long record of over promise and under deliver in terms of timing and costing projects
Regular application mistakes, even having trouble using the correct well to sidetrack from

All to play for here, but new (old) management needs to prove itself, quickly, through the current complex project of restoring production and connecting to gas network.

Impossible to say without more details, potentially much complexity can be added to such a two linear (not put or call) positions such as leverage ratios, up pays 3x move, or really no end of variations.

Most likely is a simple reasons though, some form or not wanting any or the full original exposure, and this is a partial or full hedge of that.

Normally a volatility long position is attractive over expected events, such as here where there is a good chance of a booming price or near kaput in next months, timing is prestty fixed, but ability to access any sort of a straddle or long volatility play in such an illiquid AIM minnow must be zero or very nearly so if this sort of CFD spread is even intending such a play.

Straddle concept here would only make sense if the CFD long and short are with a third party, and set to reach past expected first gas dates. Then, ANGS either delivers sufficient gas and price is way higher, long wins, or does not, and short wins.

Depending on the cost (implied volatility paid) this is the best trade in ANGS as of today in my view.

Bonsa I'd love to see Shareflyer "gas production in weeks" use facts to debate the insider sales facts listed in your linked article. Won't hold my breath.