Member Info for scallywag3

RNS states :

" The application represents a variation on Angus Energy Weald Basin No.3 Ltd's current permission for the site and allows Angus Energy to operate pumping equipment for 24 hours a day, seven days a week at the Lidsey site "

There are 7 days in a week includes Sunday, it's not the beatles song with 8 which would therfore probably excludes Sundays.

For the moment it's all resting on Balcombe, At least we won't have long to wait as to weather it's our head or yours.
A couple of weeks probably.
With Lidsey going 24/7 we should get around £350,000 p/a pay a couple of directors LOL
Balcombe, the visit in 2018 shows the potential for a good result in a few weeks time.

E_AL. That's not how I understand the placing of shares, maybe I'm reading you wrong.
Angus place the new shares with an institution at 4p plus an incentive payment to them. and they pay Angus the £2.2M now.
it is up to the institution who took them on to sell for what they can get from them, usually any profit at all is accepted.
However, I am happy to listen to anyone with another point. as I'm sure there are many ways.

What exactly are these items that we need for Brockham, anyone got a list ?

What do we know so far:
1. Lidsey: Now 24/7 pumping of oil. previously around 20 Bod now going to around 45 Bod

2. Balcombe re-started. video confirmed " the eyes on site" when complete should prove 500 to 750 Bod a day for Angus.

3 Brockham: ( No data )

4.Has oil been proved at all 3 sites. YES.

The amount of Angus shares has been raised to 458.94m see top of page. deal done

10:25 - 20/02 Sell 60000 4.20p £2,518.20
Is a Buy. mine.
Now got my average from 16P since Lidsey mess-up to 7.6P with £5K less invested. and Doubled the quantity of shares.
Still Down a bit.
Only invest what you can afford to lose, else it makes you grumpy and intolerable.

Going to be an interesting couple of weeks Pboo. appreciate " the eyes on the ground "

gkb47 I had/ have the same question, did they do the pressure test ? reason being, WOULD finding water in the oil give an inaccurate reading therefore worthless ??? I don't think so. and 2ndly as Angus haven't given any results.
I'd like to think it has been done,
Remember the first run was 22% water the next was 6.6% My assumption is that they have most of the water out and if a third run had been, maybe only 1% or 0% water would have been found.
atb

Pboo, 07:55 "They have not said that they are doing a flow test. ( flowing oil )
They have said that they are going to be pumping water / completion fluids out of the well."

Question: Can they take the water out, leaving the oil behind ?

Actually I do have a stop loss set. I forgot. it's set at £5.00 LOL Not joking.

Why wait for it to drop more Captain, better to sell now at a higher price say 4.2 than 3.5
We have all seen the MM's crash the price just for it to rise again an hour later.

Anyone with a Stop-Loss on Angus just now and the MM's take you out, there is no-one to blame but yourself.

END:

https://www.youtube.com/watch?v=-Kobdb37Cwc

Who can explain this better ?
3 statements, 2 in last RNS and 1 from Balcombe P.C. ...................

1. Angus, announces that it has submitted an application for an extended well test at Balcombe to the UK Oil and Gas Authority (the "OGA") in addition to an HSE ("Health and Safety Executive") Notification

2. The operation at Balcombe is planned to remove all remaining wellbore and drilling fluids from said well and leave the well ready for extended long term production prior to submitting a Field Development Plan to the OGA

3. Balcombe Parish Council has also been told that Angus will be testing the well water and will be pumping for 7 – 10 days.
So! Angus have already submitted an application for long term testing, Im' assuming that isn't the removal of the well bore fluids, as B.P.C have said 7 to 10 days. Long term testing is a lot longer than that.
Now in para 2. Angus say they will apply for long term production (not testing) once the well bore fluids re removed, ( next couple fo weekss) which would seem to supersede / ignore the testing phase.
Anyone care to explain exactly what is going on, in what order and what time.
Looks like Angus want to push this on in fast track mode into production.

A little over 2 years ago, Angus IPO'd at 6p for percentages in Lidsey and Brockham 240M shares est.
Now  Angus have percentages in Lidsey, Brockham and Balcolmbe.  460M shares  est.  at 4.5p
Balcombe would be like you buying a second house, You haven't spent the money on cream cakes and eaten them
you have changed your assets from liquid to non liquid,  which is weird as it's the liquid bit were all after.

Lidsey was a bit of a dissapointment  but I don't believe anyone had bought in for that.
Brockham, Whew!!  Huge dissapointment.  after waiting so long.
Balcombe, That is looking like a huge success, the acreage is Huge even at just 25%  and the railway running right next to it.
Balcombe is our second home, This is where a lot of the raised cash is going / gone. 
This second home is going to massively outshine our first Brockham , and our garden shed at Lidsey.

Lets give the new Bod a little time with Balcombe, see what happens.

Feeling relaxed about Angus now.
atb.

I wasn't aware that we got any oil or gas from the EU. don't the EU import most all theirs from Russia?

I think he had a barrel to many. lol

So who had 4M to sell ? and Who bought them I wonder.

17:08 - 15/02 4000000 4.45p £178,000.00 XOTC trade.
Over-the-counter (OTC) or off-exchange trading is done directly between two parties, without the supervision of an exchange.

Actually I e-mailed L.Lucan when he took office in Angus and asked him to look at the YA loan and if possible revoke it.
LOL I know he wouldn't listen to me, neither does the wife. but still nice to know it;s done.

http://buildings.westsussex.gov.uk/ePlanningOPS/loadFullDetails.do?aplId=2278