Member Info for Renegade

Ah!

Maybe it was oil that was stored from the previous test which has now separated!!!

:-))

And the plate?

In the latest RNS and re the statement "without bringing hydrocarbons to surface", may I be so bold as to ask what was actually in the tanker that was seen leaving Brockham on the 3rd May by the Weald Oiler's?

Did I imagine this?

Am I the only one here who thinks that the OO may not be too bad?

Just done some fag packet calculations and it's all about Risk versus Reward.

Risk - Buy now and with and with poor Brockham news the SP will plummet.

Reward - Buy now and with good Brockham news the SP will surge.

Reward - Wait for good/bad news from Brockham and either way, buy more shares or take up/decline your OO entitlement.

Decisions, decisions.

Consider this,

1. If you were waiting for the price of the OO share price to change (go below 4.25p), the BoD have kept to their word and have not lowered the price accordingly.

2. If you were holding back from buying shares (now) and waiting for good news from Brockham (beore commiting to the OO), your position has not changed except that you now have a firm OO date for uptake.

3. If you say "why take up the OO when you can buy cheaper on the market" then do so! If enough people buy now (below the 4.25p OO price) and think that they are getting a bargain, then it will only drive the SP upwards - now.

4. If you do nothing now and wait for Brockham news, today's SP will be long gone and you may well take up your OO entitlement.

Of course, if the SP stays stagnant now, the backstop is that the BoD are sat on good Brockham news and will issue it sometime in the near future.

Either way, if and when Brockham news is announced, the SP will have gone upwards and most likely, any spare shares in the market will have been rinsed through.

Win, win.

Just my thoughts.

bumblebee1,

Re your comment:

"When the sp levels with ukog then will buy back in".

You may have a long time to wait! Angus would have to issue another 5.5 Billion (ish) shares before we catch up to Ukog.

Lol.

a. Buy Angus Shares now below the forecast OO placing price (4.25p).

b. Wait for the Brockham RNS before buying/selling any shares.

c. Wait until the OO placing price is formally announce on the 10th May (ish) in the hope that it will be good news from Brockham, the SP will rise or the OO price will be lower/stay the same at 4.25p.

d. None of the above.

Decisions, decisions, decisions.

I've been contemplating what's gone on in the last few days and come to the conclusion that and if I recall correctly, the Betaville report did not mention that Angus were seeking an interest in a licence and operatorship of an existing UK onshore gas field. The article only mentioned fund raising? Is my recollection incorrect?

Why would Angus (GL) disclose the proposal for taking up a licence when there was no need to do so? Surely, he would have had an easier ride if he had not mentioned taking up this interest in Tuesday's RNS. Is this his first slip up or are we indeed being played?

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ANGS&ArticleCode=4cevjz4v&ArticleHeadline=Proposed_Placing_and_Open_Offer

Comments invited!

Thanks for your timely reporting Pboo.

I have to agree with you there Wolfie.

Like it or not, Tids reputation in both the oil industry and standing in Angus is more than likely to be questioned if Brockham does not successfully flow oil in large quantities.

BTW, will he also receive OO shares at the knock down price of 4.25p?

Lol.

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following Placing Admission will consist of 538,092,932 Ordinary Shares.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ANGS&ArticleCode=qyqxtc9u&ArticleHeadline=Result_of_Placing

So........

538,092,932 Shares + 11681706 OO Shares (guesstimated) = 549,774,638 shares in issue.

Total < 550m at a guess.

Pboo,

Thanks for the timely video link!

Quick fag packet calcs:

467,268,232 Ordinary Shares in issue today.

467,268,232 divided by 40 = 11681706*

11681706 multiplied by 4.25p = 49647250p*

49647250 divided by 100 = £496,472

* Figure rounded off

Notes:

1. These figures assume that those II's taking up today's placing are excluded from the Open Offer.
2. Shareholders receive the same terms as those II's taking up placing shares (4.25p).
3. A ratio of 40:1 is adopted for OO entitlement at 4.25p.

Comments please?

Pboo,

Why post yesterday's shots today?

You're a little late aren't you?

Or didn't it fit in with trading strategy?

https://twitter.com/WealdOilers/status/1123122984796004353?s=19

After hours RNS!

It's pretty obvious to me that the BoD are reading, listening and responding to all of our concerns.

Well done GL and the team. Keep up the good reporting work.

Or....

They have now had plenty of time now to evaluate the previous Brockham logs and are more confident to perf new areas which are free from water.

Could any new perfs nearer the to surface (above the plug point) make up for the loss of oil that we will no longer have access to when the plug is set and sealed?

Comments please.

B2HS2L,

Don't wait too long will you!

If DL decides to hold the shares and we get good news from Brockham, who knows where the SP will land.

Stage 2:

Installation of production equipment and commissioning of BrockhamX4Z for flow testing / optimisation.

http://www.angusenergy.co.uk/wp-content/uploads/2019/04/Angus-BROCKHAM-WORK-PROGRAMME.pdf

Pages 6/7.

Is anyone planning on visiting the site today?

Are they working?

Thanks.

Neeko,

Check out your figures again buddy!