Member Info for Shakeyerbooty

how on other shares (eg Angs) when you get a large sale PI's automatically think someone's in the know about impending bad news.Well,the opposite is happening here with MTR and now Prim investing large amounts over the last few weeks after having done due diligence.They obviously like what they see and who's to say they have finished buying.The RNS 4th Dec stated we should get results over the coming weeks (not months) & personally I feel we'll get them before the end of this month.II's are building up their stakes which to me intimates good news is coming.

The Directors will use this experience to identify and investigate investment opportunities, and to negotiate acquisitions. Wherever necessary the Company will engage suitably qualified technical personnel to carry out specialist due diligence prior to making an acquisition or an investment.

So we have an II investing £700k and yet small PI's want to sell their stock.Precisely why most PI's lose money.Follow the money.

In my view the production revenue from Brockham will pay for further wells there as we can bring another two into production fairly quickly and have permission for a further three to be drilled.The finance for Balcombe is quite separate.

Johnny Behave-What part of the following contained in the RNS can't you read?
Brockham Update

Further to the Company's Operations Update of 19 December 2018, the commercial flow test programme at the Brockham Oil Field resumed on 4 January 2019.

Prior to shutting down operations for the Christmas period, the Company perforated the BR-X4Z well to provide communication between the reservoir and the well bore. Logging was carried out confirming the perforated intervals.

A standard stimulation programme to bring the well into production, similar to the recent successful operations and testing programme at Horse Hill, is in progress.

An analytical update on the targeted pay zone, the Kimmeridge Layers of the BR-X4Z well, will be provided in due course.

Statement By the Board of Directors

"Without reservation, the Board of Angus Energy views this General Meeting requisition as unwelcome and unnecessary. The Board strongly believes that the Company has planned a very productive year for the Company. Managing Director Paul Vonk has our full support."He also has my full support.Balcombe finance sorted,Brockham flows shortly,County Council support negotiated.Tidswell must not be let anywhere near this company.

The Board of Directors regrets that this action has been taken at a time when the Company has reached an inflection point and considers the Requisition to be unwelcome and unnecessary. The Board is unanimously of the view that the Resolutions are not in the best interests of the Company and its shareholders as a whole and intends to unanimously recommend that shareholders vote against the Resolutions at any requisitioned general meeting.

An inflection point in business is an event that results in a significant change in the progress of a company and can be considered a turning point after which a dramatic change is expected to result.Clearly the BOD are very hopeful of Brockham flows.We now know the well was perforated before Xmas and that stimulation is in progress.I am expecting news on this next week as PV fights back.

The fool on the hill
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@Adrianwfire
2m2 minutes ago
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Replying to @WealdOilers
Sounds like they've struck oil. Rig gone. Wire like me gone. RNS comming? #Angs

You obviously missed the Balcombe RNS then.

I see from the twittersphere there is a lot of chatter around Angus and Brockham today. About time people started to focus. This is when we said work was going to restart. Great! @angusenergyplc $ANGS.

Note the $ sign.

RA-Calm down! They're probably waiting for actual flow rates to be announced.Remember,a shorter is a guaranteed buyer.Anything around 2000bopd from any well,never mind a single vertical onshore UK one,would be truly world class.Coupled with our production licence and we are earning revenue straight away.Two other wells at Brockham can be brought into production quickly and then there is Balcombe.The price will catch up,no worries.

Looking great especially with Balcombe also in the background.I believe we're looking at a mid-cap company in the making here.

Exactly whistler51-equates to 5280 bopd.I'd settle for that lol!

Star Wars has commenced!

That would be unbelievable Wolfie and truly world class. 1000+for a single vertical well and I will be a happy bunny with octopus drilling to come plus Balcombe.Oil prices on the rise again should help.I see the Share Talk video has now had 1217 views so interest is defo building up for next week.Let Star Wars commence!

makes a good point on Twitter.Video has been viewed 1405 times (twice as many as posts we had on here yesterday.Admittedly some will have viewed twice (like me),but definitely more people being attracted to the AAOG story.

amibo-You're what I would call a hypocrite.You listened to the interview and got back in this afternoon based on it.Once you'd sold you then decided it reminded you of GGP (nonsense by the way).Which is it? Did you like the interview or not?If you've been here for weeks you'd know what DS is like.The fact is the geological model is being proven up with apparently better than expected results and we have a CEO who is stating we have a thick oil column exceeding expectations.He has already stated he will be looking to raise finance to complete the well as we move onto the two larger targets.Not so far away oil co's are producing in excess of 5000bopd from the Djeno.We are owed $11m from the drill which may be repaid in the form of increased acreage or future reduced drilling costs.We have licence news due imminently and strong support from the gov't.DS has stated an RNS will probably come Monday and has given everyone the heads up.M/C is only approx £26m with what appears to be 6 zones that we hope are commercial so far.
It's the fact that the geological model is being proven that excites me.I will certainly be staying for Djeno and hope sanctimonious nobody's like you are nowhere to be seen.

Latino-you do make me laugh.It's HUGE.I'm not sure who Hugh is,lol!

IMO he meant 2 out of the 3 NEW potential payzones as mentioned in the RNS 27/12.

TIPTOP has seen this whilst on hol.

I'll wager a m/c of £25m is far too cheap for what DS thinks/knows we have.