Member Info for Onetomany

Buys coming in ? I don’t see any. Last one was mine for 125,000.

Should have waited till 15

We are also engaged in active discussions with Trafigura on the restructuring of our existing debt facility. While we understand this may cause uncertainty for shareholders in the short term, we believe the RTO under consideration, along with other M&A opportunities currently under consideration, could significantly strengthen and expand our operational footprint by increasing reserves production and cashflow, and create a path toward growth and renewed shareholder value

Production and operations update so that expect it will have to be accompanied by work over updated timelines. The new finance terms also can’t be far away.

It’s clear wags. You’ll see when they issue an update. Could possibly be this week.

Intrigued aren’t you? You don’t think the company are giving me confidential information do you? Of course they aren’t, I am merely saying that any communications are positive and aligned with the view I take by interpreting the official announcements. It is abundantly clear to me, and anyone with an IQ above 16, that ANGS have a bright future and that they are addressing the various obstacles that the cretinous ones allude to. Talk of administration / going bust etc are just dark fantasy. The company have clearly told us that they are working on acquisitions and workover plans to be carried out this quarter. Does that smack of a company in trouble? Or does it sound like a company who are in final discussions to address the capex & debt and boost production? It’s obviously the latter and you will see that very soon.

I have had very reassuring feedback from the company over the last couple of months. Aligns very much with the positive comments from various official updates in the same period. How any of these cretins can post doom and gloom is beyond me. It is clear to everyone that they have near term cashflow challenges with workover requirements. It is also very clear that they are addressing this through deferring payments, restructuring debt profile, raising cash and also enjoying a huge instant revenue boost with the hedge. I reiterate, all will end up well for shareholders here, I just wish they would finalise and announce to shut up the negativity

11th July

having consulted with the Company's nominated adviser SP Angel Corporate Finance LLP, consider that the terms of the revised arrangements with Forum are fair and reasonable insofar as shareholders are concerned.

30th June

the Company reported strong EBITDA for the period. The Board remains committed to unlocking the significant potential embedded in our asset base and corporate platform. Our goal is to position the Company to better weather near-term volatility while laying the foundation for sustainable long-term growth.

We have also taken proactive steps to pursue both organic and inorganic growth opportunities. On the organic front, our technical teams have identified a number of near-field development and optimization targets within our existing portfolio that is needed to enhance production and cash flow. Concurrently, our M&A team remains active in evaluating potential transactions that are value-accretive, strategically aligned, and capable of accelerating our transformation.

The Board remains confident that, with discipline and strategic focus, we can emerge stronger and better positioned to take advantage of the opportunities ahead.

19th June

He was responsible for the refinancing of the Company and has set Angus on the course for future growth.

6th June

Angus Energy confirms that positive discussions with Trafigura regarding the resculpting of the original payment schedule and the potential transaction are ongoing.

Do you really think the below official updates are aligned to a company who is going bust? Of course not, they are going places!

19th May

Completion of this transformational transaction would represent a major strategic development for Angus Energy, with a significant increase in reserves, production and positive cash flow

About the nonsense posts from the various members of the cretinous crew. I have assumed all along that they are just trying to antagonise and worry investors, based on their inane posts. I am now actually beginning to think that they are serious and that they think ANGS is in such difficulty that it may go bust. If I am correct then it really shows such a level of stupidity amongst them. ANGS is sitting on an amazing asset with massive potential that will see a multi bagging of current mcap in good time. In addition, the asset purchase is going to be transformational.

All in all, we will see a quick and massive rerate, with or without that asset purchase in Gulf of America.

Don’t let anyone be spooked by the bull, all is good and will be revealed soon enough. Let ANGS do the talking from now and wait for that next official update, which wont disappoint holders.

Dids I said £5m and that was day or so ago. Maybe it’s nearer £4m, I’m not checking the daily rates and tracking on a spreadsheet.

At least we’ve agreed they’ve generated over £4m on top of the £750k. Less any opex. Doesn’t constitute a cash pile ? If not then let me know the definition of a pile (not the ones up your arse) so I know for future commentary.

Dids you really have time to keep copy pasting long posts then completely misinterpreting them? Get a life ffs. Read all my comments, they make perfect chronological sense.

They are restructuring the debt to 2.5m taken care of. PF debt also sorted by deferment. Not sure what you are talking about to be honest. They now have cash and will be building that further with the new loan terms and of course significant increase in revenue from revised hedges and Q3 production hike, post CT work over.

Meanwhile hoping the due diligence goes to plan and the asset purchase is approved.

Two game changes on the go and the first to be announced as early as this coming week, likely.

Dids, what about the £5m+ revenue since March ?

Dids what are you missing ? They have a good cash pile but workover, new well and debt payments are becoming due. That is therefore a near term challenge. Fact that they have a cash pile atm.

Hahaha, bubbles and his fictitious career in the oil & gas industry. Comedy gold.

I’m posting a combination of facts and highly logical assumptions. I will be proven correct in due course.

Wow. Huge ‘incremental’ revenue coming soon.

1. New hedges in place and significant increase already being enjoyed.

2. September. Further potential 50-100% increase in production.

3. April 2026 - “adding a fourth producer to the field to accelerate production and increase shareholder value. The well is in the preliminary design phase with a target drilling date of Q1 2026, subject to funding and pending delivery time for long lead items. The target drill date would allow for 2 and up to 6 mmcf/d of incremental field production in Q2 2026.”

The outlook is amazing, significant re rating should start immediately suspension is lifted.

Board change nothing to do with cash pile. Of course it is substantial, 750k end of March plus 3 months of free flow plus huge increase from 1st July with reducing costs and zero capex / debt payment. A few million ?

I see some work being done on the well last two days. Could it be related to workover?

Don’t be so silly. How much cash have they generated since 31st March? Huge amount. How much more are they generating from 1st July, again significant. As I have told you, and for the last time, increased loan with revised terms, placing plus current substantial cash pile. With further accelerated production in September (I suspect 50%+) at high gas prices they will build sufficient cash for the next well whilst comfortably addressing debt. Not difficult to understand although you certainly seem to be struggling with basic arithmetic.

I asked the company and you may also have seen some recent announcements. They are finalising the new loan terms, simple as that. There will be a placing too. Dilution at this stage I am unsure. What you and others seem not to realise is cash inflow is significantly up now and had already been building since 31st March results. Using this cash pile for coiled tubing exercise next month and seeing further 20/30/40/50%? Revision to load terms pales in to insignificance when you consider doubling and more of revenue on a lower cost base. Then there’s the new well. Then of course there is the asset purchase.

Really cannot wait to get the confirmations. Transformational for sure.

Taking a leaf out of ChatGPT’s (formerly known as Bubbles) book. Only I am copy pasting instead of trying to make it sound like I am an industry expert. What I do know is that the below will be implemented by September. Not sure what to expect but ANGs will share more details soon. It can be significant though, have been reading a few case studies and 50-100% increases have been achieved. Logic says we will be at the upper end of that.

Overview

Coiled tubing can be a valuable tool for mitigating liquid loading in gas wells. By running coiled tubing (often as a "velocity string") inside the existing production tubing or casing, the reduced annular space increases gas velocity, which helps lift liquids to the surface and prevent them from accumulating and potentially killing the well.

Here's a more detailed explanation:

Reduced Annular Space:

Coiled tubing, when inserted into a well, creates a smaller space for the gas and liquid to flow through compared to the original tubing or casing.

Increased Velocity:

This smaller space forces the gas to flow at a higher velocity. This increased velocity is crucial for carrying liquids (water, condensate, etc.) out of the wellbore along with the gas.

Liquid Loading Prevention:

Without the increased velocity, liquids can accumulate in the wellbore, potentially blocking gas flow and eventually leading to a well shutdown. Coiled tubing helps prevent this by continuously removing the liquids.

Versatile Application:

Coiled tubing can be used in various scenarios, including as a velocity string in existing production tubing or casing, or even as a conduit for other downhole tools and interventions.

Other Benefits:

Besides addressing liquid loading, coiled tubing can also be used for other well intervention tasks like well cleaning, stimulation, and logging, often without the need to kill the wel