Member Info for Renegade

Solo RNS dated 09 March 2018. Testing at the Horse Hill-1 oil discovery is expected to commence in early second quarter and is anticipated to lead to a declaration of commerciality at the Portland Sandstone reservoir level where initial testing in 2016 showed a potentially commercial rate of 320 barrels oil per day ("bopd") on pump. Additional testing of the Kimmeridge Limestone reservoirs will be undertaken in a test program expected to last approximately 150 days in total. Have they started at HH yet? http://www.lse.co.uk/share-regulatory-news.asp?shareprice=SOLO&ArticleCode=halaj6y8&ArticleHeadline=Completion_of_Horse_Hill_Acquisition_and_TVR

Good work loot. That's a delayed nodding donkey from me.

Ja51, You should also note the use of the word "continuous" in Angus's recent RNS dated 29 March 2018 where it was said: Angus Energy Plc, a conventional oil and gas production and development company, is pleased to announce the Company has resumed CONTINUOUS production from the Portland Reservoir of the BR-X2Y well at Brockham and the Great Oolite Reservoir at Lidsey from wells X1 and X2. The three wells in CONTINUOUS production have an aggregate flow rate of 212bopd. A natural decline of the production rates is expected over time. Flow rates from the Lidsey Oil field are currently 191bopd, a three-fold increase over its initial flow rates as reported in the Company's RNS, 17 November 2017 for both Lidsey wells. Brockham Oil Field has resumed production at 21 bopd. The Company expects this flow rate to increase to roughly 35 bopd within approximately 7 days, once initial water slugging has stopped. The Company will also resume routine exportation of all production this quarter. It would therefore seem that "Hours of Operation" is not an issue. Unless of course your argument is that Angus have only produced the above within a 10.5 hr operating window (Hours of Operation). In which case, we could produce much more oil than reported (above) in a 24 hr production period? http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ANGS&ArticleCode=fo5grktk&ArticleHeadline=Resumption_of_production_at_Lidsey_and_Brockham

Ja51, Have a read of the previous BN 31 05 Planning Application Decision Notice (signed PDF), Page 2 of 8, Para 4 (found under the Documents tab): http://buildings.westsussex.gov.uk/ePlanningOPS/loadFullDetails.do?aplId=247 It is my belief that Angus have not been carrying out "work" outside of the stipulated hours of operation. In my mind producing oil is not classed/deemed as work. Otherwise, it would be safe to say that the Lidsey site would have been lawfully closed down long before now. IMHO, the new application is merely a cut and paste of the old BN 31 05 Planning Application. Therefore, nothing will change.

Degsy, Remember, that's a "Vonk 7 days". Not a normal 7 days! Lol.

Re your: "HH will be soon, Balcombe is end of May?" But who will issue their flow rates first???

Alan, it is again my belief that JTP, PV, SS, DL and others, all know the Weald's true potential and what it is capable of producing. That's why we have seen the continued drilling programmes/expenditure and have seen/are seeing a scramble for assets. As you are already aware, it not knowing what is down there what counts. The real skill is drilling correctly and getting the oil out. Obvious to some!

Balcombe came much later and will with Brockham later this year, prove if they were right or wrong to leave HH.

That's correct Alan. My belief is that they offloaded HH because they had been severely diluted and were convinced (at that time) that there were better prospects for them both (JTP & PV pre Angus IPO) at Brockham.

Earlier today I emailed Angus and asked for clarification on the operation of the Lidsey on-site Bean Pumps iaw Lidsey Planning Application WSCC/008/18/BN . In essence I asked, "does this mean that the pumps will only be operated/be producing for 10.5 hrs a day and not 24 hrs a day on the said production days? If I receive a reply I will post it on this BB. Otherwise, and since the information is out there somewhere, it may be one for the Q&A at the AGM.

Oops, sorry: You must be in the Decisions and Reports folder (left had side)

Try this: http://buildings.westsussex.gov.uk/ePlanningOPS/tabPage3.jsp?aplId=247 Open - Decision Notice signed pdf (second document down) Scroll to Continuation Sheet, Para 4. You will note that the PERMIT document was signed 17 Feb 2006. Next!

The original WSCC Footpath Notice for Lidsey said: The Order will come into effect on 4 August 2017 and remain in force for 6 months and may then need to be extended. In essence, the WSCC have already anticipated a delay so there should be no problem on getting the Footpath extension approved.

Held these shares for many years now but luckily sold a large portion prior to the suspension (AT A BIG LOSS). Still hold quite a few though with the optimism that they may still trade again on the JSE. Interesting point is that in July last year, approximately 44%+ of shares were held by five major shareholders. http://www.africaneagle.co.uk/investors-share.asp Whilst I am not over confident at getting my current losses back, trading on the JSE and the involvement of the five shareholders does give me a glimmer of hope in that all may not be lost yet. In the interim, all we can do is wait to see if trading resumes on the JSE.

Cancellation of Listing. Important Information & Other Key Dates: The Company has cancelled the admission to trading of its Ordinary shares on the Alternative Investment Market (AIM). On 11th August 2014, the Company's shares were suspended from trading on AIM. As a condition to its continued listing on AIM, the Company were given six months in which to implement its investing policy. As the Company has failed to meet this requirement, the shares have been cancelled from trading with immediate effect. Subsequently, the Cancellation became effective on 12th February 2015. You should be aware that following the cancellation of listing you are no longer able to sell or otherwise trade your African Eagle shares on AIM. Subject to compliance with requirements set forth by the Johannesburg ALtX Stock Exchange, the Company will change from a primary listing on AIM to a primary listing on the ALtX, where the shares are also currently suspended. Please note that, as any future trading will now be concentrated on the ALtX, we will be unable to support trading in your African Eagle shares via our sharedealing facility. Should the shares resume trading on the ALtX in the future you may wish to establish an arrangement with an alternative broker who can facilitate trading on this exchange. Should you wish to do this, please contact our call centre with the details of your chosen alternative broker and we will facilitate the transfer of your shares to them at no cost to yourself. Please be aware that you will need to have contacted your chosen broker in order to commence their necessary transfer process prior to contacting our call centre. Please be advised that in accordance with AIM Rules, the Company will no longer maintain its website. An update will be provided to shareholders in due course and we will advise you of any further developments as and when any update is released. SO..... AFE will carry on trading (hopefully) on the ALtX. Therefore, the only thing that we can do for now is sit on your hands and wait!

Sorry, been a long day and night. But, where did you get this bit from: "according to the rns, we should have news by 31st March 2015?

Ooops! Sorry wrong board.

So what do we reckon then? 3, 4 or 5 Afren shares for one Seplat share. Taking into account that Seplat will soon be trading at £1.50p.

Not showing? 50K @ 11.43. Anyone else?

1 x big buy today. Suspension?