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short term trading. Buy into a share and then get out for a small quick profit. It doesn't have to be held for a day and in fact is usually held for a much shorter period.
Really pleased to see this pass 300p today. The recovery continues.
Alan will never admit that he is not an Angus holder or that he is a member of the AAAG.
But yes you are right, he was one of the really big rampers of this share back in the day. The trouble is he now hates the company so much that he refuses to see anything with rational eyes.
However, it seems like the global supermajor shell disagrees with his self-proclaimed "expert" opinion. Not surprising really since 90% of the analysis he posts is wrong.
Angus under Lucan is now delivering on their promises. The AAAG are proved to be out and out liars and things are only going upwards from here.
It's not even worth trading Lloyds at the moment IMO.
17th September at the earliest.
It is really nice to see the gradual recovery coming in here and if you look at the chart from July 15th it shows a lovely upwards movement. The core of the business is very healthy (it was just truly awful PR) and so we can expect a continued recovery over the next few months.
Looking foard to it breaking 300p in the near future. GLA.
Wow - already backing down Rastuss.
First 1.5p
Then close over 1.5p
Now £50,000 shares must change hands.
Surely the closing/opening price has to be enough?
I have to be honest and say that I do not think that the Isle of Wight has any chance of happening now or ever. I always thought that it was more of a "land-grab" purchase to help boost the price of the stock anyway and I think that the pivot towards Turkey just proves that I was right.
You know my views on the Weald - it is a dead duck. If it was no then SS would not have made the Turkey move.
Loxley is a definite goer though if planning can be sorted.
I thought that you told us earlier that you were a genuine "non-investor" in angus Ratsuss?
Whether you are in or out - I think that you should start doing your own research though. As you must have seen recently some of the posts on here from the self proclaimed oil expert are so error ridden that they should never be relied on by any genuine investors. I hear he makes a great cup of tea though.
In all seriousness, like I said earlier, UKOG had to do something after the Weald has turned out to be impossible to produce from in commercial quantities. This is not anyone's fault, it is oil exploration and nobody guaranteed us that there was going to be oil when we invested we all took a risk.
As some of you probably know, I am no fan of SS at all. I think that his salary is extortionate (even if he had been successful) and to take this salary with the results he has delivered is a kick in the teeth to all shareholders. I think that he should be replaced sooner rather than later and that he has not delivered one iota of real value to shareholders in his tenure.
That said, this diversification into Turkey is not a bad idea. It is back to exploration and if they have done their DD well and they get a little bit lucky (all successful drills require an element of luck) then it could indeed restore the company's fortunes.
Getting into Turkey is certainty better than doing noting. The great Weald experiment is over. It failed.
GLA.
Sorry, that was a joke that I only realised was not funny after I posted it.
"Where d'ya think all that's coming from?"
Horse Hill production?
If you look at page 17 of the IPO document then it clearly states that at the time of the IPO their existing PRODUCTION from both Lidsey and Brockham was approx. 50 bopd gross: as can be seen here: https://ibb.co/Q9hM57q
For anyone to deny that the value of Angus Energy was all focused in the exploration of the Kimmeridge at Brockham is just ridiculous. The company was not valued at £16 million upon IPO based on 50bopd and anyone trying to say different is deliberately misleading investors for their own malicious agenda.
Why are the AAAG always posting false facts?
I find it very strange that some posters on this board are trying very hard to convince others that Angus never had any interest in oil exploration, simply because it fits the anti-angus narrative that they currently wish to push.
If you look at page 4 of the IPO document http://www.angusenergy.co.uk/wp-content/uploads/2016/11/Angus-Energy-IPO-Investor-Presentation.pdfit is labelled PRODUCTION and under Lidsey it says: “Second production well to bring production >300 barrels per day”.
Under Brockham production it says “Side-track to increase production to~150bopd from Portland Sandstone”
Then under Brockham EXPLORATION it says: “Kimmeridge limestone layers to be assessed with same side-track”
If you look at page 5 of the IPO document https://ibb.co/HqhtLX1 it has an entire section entitled EXPLORATION and in this section it says that the aim is to “Explore Kimmeridge Limestones at Brockham”.
If you look at the firs activity RNS that Angus every issued on 14th November 2016 : EA Permit Brockham http://www.angusenergy.co.uk/wp-content/uploads/2016/11/Angus-RNS-EA-permit-Brockham-16.11.14.pdf it says: ““The upcoming sidetrack will allow the Group to increase and prolong the production from the Portland reservoir while also giving the Group an opportunity to assess the potential of, and if successful, produce from the Kimmeridge limestones and Upper Coralian layer.” So pretty clearly this is exactly following what they say in the IOP document. The well is to increase PRODUCTION from the Portland and carry out EXPLORATION in the Kimmeridge.
On the second activity RNS that Angus ever issued (15th Dec 2016 Angus Receives OGA Approval And Commences Operations At The Onshore Brockham Oil Field) http://www.angusenergy.co.uk/wp-content/uploads/2016/12/RNS-Angus-receives-OGA-approval-and-commences-operations.pdf it sates "All the original BP wells at Brockham that passed through the Kimmeridge and Corallian formations were drilled without properly assessing their hydrocarbon potential." Again, this makes it very clear that this section of the drill is EXPLORATION.
The Brockham Drilling Results RNS form 3rd March 2017 makes it even clearer: http://www.angusenergy.co.uk/wp-content/uploads/2017/03/Brockham-drilling-results.pdf
“The Brockham X4Z well was intended to establish whether the evidence of a potential reservoir reported at Horse Hill extended further North into the Brockham Licence. The well was therefore intended to answer three main questions. Is the reservoir section in Brockham similar in thickness and reservoir properties to what had been reported at Horse Hill? Is there evidence of naturally occurring fractures to enable production of oil using conventional means? Is the content of oil in the Kimmeridge similar to Horse Hill where oil was tested at substantial rates?”
So there we have it. It was an EXPLORATION drill which also had the benefit of increasing their existing (miniscule) production.
FWIW I definitely would not believe any "leaks from inside the police station" posted on one of these forums!
Skwizz - that made me laugh.
Hi HeadintheSand,
"It's also worth remembering that, no matter how often you ask someone to prove a negative, it is logically impossible for them to do so."
If you read my post properly I said that I am perfectly happy to take his word for it. All he has to do is say "No I am not a member of the AAAG" and I would accept that he is telling the truth. In no way am I asking him to prove a negative.
Thanks for your input though.
This used to be 11p a share when it was producing in the UK and people still believed the claim that there were hundreds of millions (well they actually claimed billions) of barrels of oil that could be delivered onshore in the UK and then used within this country.
The fact that they flow-tested HH and claimed decent flow rates made it all seem as if this was possible. Angus had Brockham and had encountered oil on their oiriginal exploration drill. The rising tide was lifting all boats.
But then the tide started to go out. UKOG drilled dry at Broadford Bridge, Angus announced that their crown jewel Brockham was a duster and then it transpired that Horse Hill was simply not going to flow in anything like the commercial quantities that was hoped.
The Weald is dead. Angus recognised this back in January 2019 when they changed their focus away from the Weald and towards their gas asset in Saltfleetby. UKOG have now recognised it themselves and realised that for the company to survive they need another project to become the crown jewels. In this instance it is Turkey.
Diversifying is a great idea. Whether Turkey is the answer only time will tell. Angus look as if they should have success with Saltfleetby (though this will not be 100% clear until Jan 2021) and there is no reason that UKOG should not do the same with Turkey. However, to believe that this is the same company that previously got the share price to 11p is completely wrong. UKOG is know essentially a completely different company to that which is was a year ago. No historical prices are of any use to assessing this.
Oh gkb47 me old china, you are such an amusing fellow. You asked the following questions:
1) How does anyone know about your holdings in Angus?
2) How does anyone know that you are a member of the AAAG! ?
Well, it’s pretty simple really. You tell the entire board every time you post.
Today when Takeyourbets accused you off being a member of the AAAG! And also not holding Angus shares and you immediately said that he was wrong about the shares and you were a shareholder but did not deny that you were a member of the AAAG! You simply challenged him to provide evidence that you were.
Yesterday when I asked you about your membership of the AAAG! You also refused to answer and said that it was none of my business. It seems strange that your membership of the AAAG! Is not the business of any other poster but that you are perfectly happy to be open about your shareholding.
But when you think about it, it is not that weird. By saying that you are a shareholder you make yourself “just a regular poster interested in his investment” but by being an AAAG! Member you admit to being part of a shadowy group whose members will not admit to being members and who arrange off-board how they are going to deramp the share on this forum. It’s not really a good look for someone pretending to be an independent investor is it?
I always said I was happy to take your word on your AAAG membership and equally I am quite happy to take your word for it that you DO own shares. I mean I suspect that you own a small number and that they are held solely so you can answer the question of “do you own any stock?” with a yes, but I do believe that you hold here.
However, by being happy to admit that you do hold shares but not happy to deny that your are a member of the AAAG! you absolutely confirms that you are a member of the AAAG!
So there it is. That’s how we know.
Good luck with your search for 35p. I will be both very impressed and also very surprised if you get it.
I will also be very much poorer if you do - just in the interests of transparecy.