Member Info for simonalexsmith

Thanks Mirasol, good info. Looks nice timing for the booster compressor to increase production slightly and give a consistent and optimum flow for the long term. Guess this will also improve the situation relating to liquids? Water and condensate. All in all looks like good news all being well if the booster goes in with no issues. An updated CPR would almost then give a new value on the offtake.

Mirasol, appreciate your efforts on posting this in Singy's demise. Would you or anyone else have chart since production on this already at hand please? GLA

This is good news but the company need to communicate more to the market. Both here in the UK and the progress in Croatia given the advancement of €5.odd million payment on a 5 year contract from Nov 23. Given they had promised a proper update in January 24……. Still sat here waiting!! 🤔

I thought that comment would get you going BP ! You and your dewpoint! Good technical input though, good to see you back in. This strategic selling will stop at some point hopefully. When the BOD comes up with something worthwhile we should see a recovery. GLA

HITS - Tbf to Angus they had called this declined and hopefully the booster compressor investment of £3-4 million is a well-planned and well-timed capital purchase. Let’s hope that goes to plan to make the natural decline insignificant. As KZ stated it will literally suck it out of the ground!

Dan, KZ has already committed he will be buying shares but cannot due to being a closed period due to ongoing negotiations.

Really positive interview today from KZ

https://youtu.be/vZROmpt_3Lw

Hey HITS,

I thought one of the things that was an issue is the lack of details and knowledge the company has given on the refinancing? Now you seem to know it all? Surely any commercial lender is there to make money, that’s a given. Are Trafigura a bad lender? Well Star Energy also did a deal with them around the same time so I guess they are alright given the other options. It can’t be everything Angus do can be crabbed, or is it your motivation to damage this stock is more than just an old gripe of loss?

It might be interesting if as previously mentioned the same entities had been shorting the stock? Definitely been a pattern of the business being sold down on every positive news since the sidetrack.

Not much to see on this other than stable, steady and safe production. Disappointing to see little progress on GT in Croatia. Encouraging though to see savings efforts to reduce loss. Any thoughts from anyone else?

https://www.londonstockexchange.com/news-article/STAR/trading-update/16585006

Not to wish to hijack Mirasol's Recent Production thread as the DR's try to do every time, I suggest an alternative thread to discuss Trafigura's complete support to Angus in its future and fully supporting new projects?!

We will see OP, the team now are far more advanced in terms of drilling experience and with lots of fresh data I’d expected much faster and cost-effective new drills - Of course subject to the booster compressor scheduled later in the year will improve output to cover all cost along with funds and cash flow. Company in good shape for a decent future.

Well done too and thanks to Mirasol on making the effort to post figures, it’s appreciated. 👍

BP, would have a little gentleman’s bet that once this balances it will flow a good bit higher into Autumn than it has earlier this year. All in the spirit of a bit of light hearted fun?! GLA

HITS l, appreciated and yes I try to say it as I see it fairly and balanced.

I agree with you on the simplicity approach but I can’t see people willing to make such a loss and I don’t think it’s any secret cabal. I’m sure it will all rinse through in the wash and I’m not too long it will become apparent. However, it’s my own view and again my own risk as this business at this level has huge potential upside. Time will tell and as time moves on the hedges reduce increasing long term value. Yes it has been low for a long time but one decent buyer and not a lot of funds could change that quickly. GLA

Here we go, almost got a full house! OP start a separate thread please you de-ramping thread hijacker! Newcomers beware, here is another ant to the jam pot!

HITS, and correctly so in this case from my viewpoint and many others.

Don't get me wrong though as I am no pom-pom waver as the board and previous boards have a lot to answer to. Im sure you agree that many who de-ramp have agendas and some are obsessive in doing so.

There is clearly a sustained managed seller and you only have to look at trading on RNS days, most of which are positive. Add those days figures into those strange huge volume days and that gives a different pattern. So whilst I agree it what you say the wider picture is different and points to managed erosion of the SP from a high-level holder. I am confident this stock is significantly and unfairly undervalued yet whilst the sentiment is way adrift this holder/holders have an agenda. Perhaps a large SH with intentions to buyout at a significantly undervalued price or as recently declared perhaps a party with knowledge of a merger looking for the same low entry. Whilst EBITDA assessments and guesstimates one method of valuation, you cannot take away from this business the following. Asset value of equipment. Asset value of land and CPR from those. Flow and demonstrated success of regular production. Tax losses. Cash flow / earnings. License values. Storage potential and value of that. Etc etc. These far outweigh the current MC. In short I expect the selling is to keep this value pinned down. Interested if you think similar or of these are all just retail sellers taking a hit? If you want my honest opinion I have only my thoughts it is purposely being held back with these patterns compounded by poor market conditions.

Agreed on the new offtake replacement of hedges but refer to the lack of detail around those.

(*understand)

RTXD, that’s just the thing - most de-rampers don’t speak the truth…. I also agree with you that the company does have a lot to answer to. Albeit, I also think they are considerably devalued and the trading patterns and sustained volume seller is somewhat dubious. Many of the de-rampers, (HITS excluded as I’ve said before speaks a lot of sense and still has axe to grind, which I totally) refer to production and reservoir reserves that they know little about other than their interpretation with agenda. The others quote with a finger in the wind around old hedge agreements that have been superseded and undeclared. As I stated in my first comment on the thread, with an air of positivity they come out in force. I can only surmise what circus you are from. Nice this thread is highlighting this blight for newcomer investors. GLA

Hey BP, I’m not looking to average down any more as I’m happy with my investment. When the inevitable tide does turn though I will certainly be taking full advantage and buying more. Whilst I’m confident in the business and its management I also need to see the BOD put something more on the table, which I feel isn’t too far away. GLA