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Comment from RH only one month ago. Clearly the funds are there…

“Angus remains confident in the gas reserves and potential of the Saltfleetby Field and is investigating options to increase production through workovers, new drilling as well as potential acquisitions to strengthen the financial position of the Company.”

You’re over reacting. There may be dilution but certainly not 80%. They have cash, and they have strong cashflow. The hedge is a game changer and only days away now. Production I am sure they will address, the value of the gas in ground remains unchanged.

It is well known that the production is being capped by the liquids. They have stated that they are considering work over options and, for sure, there are solutions if they can’t naturally clear the liquids. Most likely we will see velocity strings next and they are relatively inexpensive.

They suspended the shares due to the takeover and they have been discussing funding option way before suspension (clearly).

What you will see, most probably next week or latest week after, is a holistic new funding package including the asset purchase. Yes there may be dilution but at under 10m mcap that matters not. A small share of the larger cake will certainly be significantly more than 10m.

If the asset purchase doesn’t happen then it’s a simpler rebalancing of the funding terms and ensuring enough cash available for velocity strings which are a given to increase production. Meantime, at current rates, we are generating excellent cashflow and about to increase dramatically with the hedges.

All good news ahead.

Yeah over there living, it’s great fun right now.

Helping the gas price for the upcoming months…

….until revenue jumps dramatically. 75% of current production is on the legacy hedge, the cashflow boost from the new hedge is significant. Expect by end of the month they will have optimised the performance and should see slightly higher production too. All great news, even without the takeover.

Renate coming

Anyone have ? I can’t access the site for some reason.

Exactly SU. Everyone is blind to these facts. We are worth multiples of current mcap and this will be realised soon

Gross revenue higher than that

Quite right.

Still steady above 0.12 so healthy revenue coming in with no excessive costs now. velocity strings relatively low cost and they have the cash for that, wonder if it’s a next step?

Look forward to the update on clean up / optimisation.

Oh he’s back again…. Can’t resist. Proper freak of nature this one.

Knew you couldn’t stay away. Still champing!

Don’t think so. Very bright times ahead, especially if this takeover goes ahead. Ridiculous mcap remember, there is only upside from here.

ocelot they have been looking at acquisitions for over a year and i am sure this particular one been under discussion for many weeks. clearly during this period they have been discussing funding options and, at same time, reconfiguring their existing loan arrangement (on assumption the asset purchase goes ahead). i maintain that this is the reason for the delay to making the first loan payment, all part of the bigger picture.

what cash angs have at bank, they are better utilising on whatever work over plans they have to boost production. good revenue still flowing in and about to increase dramatically with a production increase and ****ty hedge drop off.

all very exciting for shareholders imo.

Note that they haven’t defaulted. All by agreement under negotiations for a combined arrangement

This is the ONLY thing that concerns me. Why Marcy and that other girl haven’t been all over this and commenting, based on company feedback. Clearly means they have been given the cold shoulder. Why?

RNS last week ? Accurate ? Grovel ?

Ok Diddy. Let’s see.

Ok wags, let’s see the next update shall we? You are wrong in your assumptions.