Ocelot
Er....no...the Kimmeeidge,we were assured by the then ceo was certain to produce and produce massively:
"Balcombe isnt star wars,Brockham will be stat wars.We just need to turn the taps on"
"We will definitely be producing by the end of the year(2018)".
"Angus is a production company not an exploration company"
Absolutely spot on Weald power.
The Anti Angus action group are the ones that have presided over and caused a 98% fall in the Angus energy share price is two and a half years,and a more than 80% decimation in company value AFTER the Brockham disaster a year ago.
Baits
Past performance is a vital criterion used to judge future performance in many different spheres of life...would you say that just because a club is in the lowest division and has lost 90% of its matches in the last 3 years,that is irrelevant?
That such past performance should be discounted,because you want it so much to be in the premier league?
If you're hiring a new employee and they have atrocious reports from previous employers,should a company simply ignore that track record because it's in the past??
There is a structural pattern,where the past can indeed be used to judge the future.
Baits
You're wrong I'm afraid.
This analysis relates very much to the HERE and NOW,and the future .
A few of us have analysed Saltfeedby and found with current gas prices and a devastating recession keeping them low,Saltfeedby wont break even,and will be loss making.Why is that moaning about the past????
Baits
Give it a rest with the personal attacks on Alan!
By all means criticise our arguments and point out how you think we are all wrong..that's what this forum is for...its not for spiteful personal attacks...all that does is confirm you've lost the argument!
If you think financial analysis of the companies accounts and strategy is 'boring' maybe you shouldn't invest at all..because if you arent prepared to do the analysis,or listen to people who have..you will make lousy investment choices and lose the lot!
Not at all...I'm sure all of us here have invested before and lost.We all understand it's high risk.
To return to your analogy of a race...we've all lost bets on stocks and I for one am not bitter about such previous losses.
However,when the race is rigged...and wildly exaggerated info is disseminated about the horse...saying it's a thoroughbred champion when it's a lame old mule....that is a different ball game.
When such cavalier misrepresentations continue into the present .. we have absolutely every right to present the facts.
Some people on here just want propaganda to tickle their ears...
All Alan has done is to present the facts and analyse the company's viability (or frankly lack of)...he hasn't engaged in any personal attacks,emotional rants or libellous comments....what is it that you find so objectionable in his quite dispassionate analysis of the company's accounts and prospects?
That is what this forum is for!!!
Are you saying that only optimistic cheerleaders for the company can post?.....we have every right to evaluate the facts.
If you dont like cold hard analysis of the realities of the situation maybe you should go away!
Baits
I think you've got it all back to front..its Tidswell who is the sheriff of Nottingham,and Alan is Robin Hood..trying to stop the poor investors from bring fleeced even more by the sheriff..
Take your best
Alan isn't "deramping" merely asking difficult questions that need answering.
It's not just about the past,but it concerns current and future investors...if you had a job applicant who had consistently made serious mistakes in previous roles you wouldnt just say "oh ignore his/her previous managers' reports,that's in the past"....
It's all fair comment ....
Why is it disingenuous to simply ask legitimate questions about how qualified staff are to be an effective operations team?
The questions and concerns about the litany of serious technical errors,and delays are quite legitimate concerns to raise...particularly when whave witnessed catastrophe after disaster here...current and former investors have every right to ask these valid questions....how do we know such mistakes wont occur again?...
Alan 2017
That says it all really..nearly a dozen questions they won't answer...because they reveal the murky secrets they're trying to hide.
Has anyone else submitted questions on the investors forum that they've avoided answering?
It's so typically unprofessional of them not to rns that George is no longer the interim managing director(as indicated in his appointment rns) to permanent...
It really just shows how contemptuous they are of the private investors....
Half our questions are left unanswered,like why is an astronomic £400k being wasted on renting office space that is rarely used;why wont the management take a pay cut when the company's performance is calamitous...mkt cap is still down 84% since Brockham?...
And why are they still drawing full salaries when both LL and JTP are both now preoccupied as chairmen of different companies?
Alan
Yes I submitted my question to the investors forum.
It looks like they've quite intentionally avoided posting difficult questions.Its blatantly obvious that they have alot to hide...otherwise they would easily respond to such a reasonable question as 'how is the search for a permanent MD going?'
As usual,no transparency from the BOD,just smoke and mirrors..
Several Angus directors have been appointed to positions as senior directors or chief executives of other major companies.
This creates very serious potential conflicts of interest,and also by definition,means they are devoting far less time to working on Angus projects.They are therefore neglecting their roles in Angus,but with no corresponding cut in their salaries.They are basically earning high salaries for doing nothing.
George Lucan has become the new chair of Challenger Acquisitions,with Jonathan Tidswell Prerorius as a director This is a shell company with the same office address as Angus energy:-
Building 6
Chiswick Park
566 High Road
Chiswick
London W4 5HR
Another arcane shell company,with the sole aim of making 'reverse acquisitions'.If this shell company acquires Angus at these prices,with the vast majority of shareholders realising a massive loss,this would be a catastrophe.
Jonathan Tidswell Pretorius has recently become the chair of Rock Savage ltd,who own the massive power plant in Runcòrn,Cheshire.
In a peculiar coincidence,this company's address is George Street,Edinburgh...the business address for many of JTP's other mysterious shell companies.
Rock Savage has an overseas address ..based in the CAYMAN ISLANDS...red flags flying galore...
Since both Tidswell and Lucan are prominent directors,I'm seriously concerned that is a shrewd stratagem for Challenger to buy up Angus at **** pathetic prices,leaving current investors seriously ripped off,and basically Challenger will take over any oil and gas activities.
It all seems duplicitous in the extreme,and once again,its the poor individual shareholders who will be royally screwed over.
The whole myriad of shell companies by itself suggests a lack of transparency and a desire to hide or disguise something.
Exactly right Greenfish.The company is actually guilty of corporate misfeasance(see my post above) by drawing such huge salaries at a time when the company is in difficulty and the directors have presided over an 80% collapse in the share price in just 12 months,and a 98% destruction of the share price in the past 18 months.
Yes I'm sure they know alot better than the gas industry analysts lol
Leading directors of Angus energy have set up ,dissolved and reestablished a whole nexus of shell companies,that are opaque and very suspicious.They are not real companies and such an elaborate web raises serious concerns.
At the most obvious level,Balcombe and Brockham are NOT owned by Angus energy,but by Weald basin company number 3.This is a paper company,and we must wonder at the ulterior motives behind it.
Jonathan Tidswell Pretorius transferred his 39 million shares in Angus to another temporary shell company,America 2030 capital Ltd.This was less than six months old,and apparently only had one officer-a 20 year old Hungarian.This was quite clearly a spurious company,existing on paper only.
Another shell company that the same group-Vonk,Tidswell and Carlos Fernandes(finance director) were involved in was Eclipse oil and gas.JTP is listed as "operations director" for a company that had no operations!!.Eclipse oil and gas was mysteriously dissolved in December 2015.
However,Fernandes remained a director of a sister company,Eclipse Strategic Security,until 2019.
Eclipses income increased 10 fold between 2016 and 2017.
According to www.desmog.co.uk..ESS was involved in close surveillance of anti fracking protestors,including monitoring of facebook sites and infiltration of groups with their own spies.According to the same website,some of the directors may have links to far right groups.Im not accusing Carlos Fernandes of this,but these suspicious companies of the same name,established by the same network of individuals,raises alarm bells.
Shell companies are frequently used to
-conceal ulterior motives
-disguise schemes
-hide their identities
-conceal the origin and flow of monies
-conceal the destination of ill gotten gains
-protect the identities of the true beneficiaries
All according to
www.fraudconferencenews.com/home/2018/6/17/breaking the shell
I am NOT accusing any individual director of Angus of any of these things,merely pointing out that shell companies raise serious red flags.
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Ocelot
You keep posting the link to a gas futures chart,but personally is rather believe the expert gas economists,who have studied their industry in intricate detail for years,than a traders futures chart.
The industry analysis for the gas sector indicates an overly competitive market,massive oversupply,few entry barriers and demand decimated by the worst global recession since the 1930s...the UK economy has already shrunk by 30% in April alone.