Member Info for simonalexsmith

A large holding entity is very keen to keep this down and hold it back. Great interview with Kryzstof today!

Well surely HITS if these shares that are being sold in volume are shown to be those confetti shares given by the company in ORRI payments last time are being used to devalue the business on every lift or RN? SURELY THE COMPANY SHOULD USE CASHFLOW TO PAY THESE?

Whoever is the large seller is trying desperately hard to keep and push this down at every inkling of positivity either RNS, SP lift or otherwise. You have to ask why that is? What is the driver behind this as certainly not making money yet from it other than unfairly devaluing the business. Significantly too if you follow Oselot and the other board members rational valuations based on income / EBITDA and assets. Dark arts at play?

Must be a buy, the anti-positivity department is quiet 🤐

My guess would be proxy owners who have a reason to devalue and erode the value at every RNS or positive announcement. Happened ever since the positive news of the sidetrack at Saltfleetby. Just a thought but I am sure there is another agenda at play for larger players to acquire large volumes at a lesser SP. GLA

HITS - I can partially agree with you on many peoples high predictions and expectations but isn't the Balcombe discovery and original testing one of the reasons you were in this stock? I also understand your bitter feelings that propel you still today due to the constant dreams of jam tomorrow but really? A positive Balcombe decision really could be a different league of opportunity for Angus than Saltfleetby ever has. Even you surely couldn't play that down?

GLA

Here is a link to another RNS that suggests testing of 850 BOPD and up to 1600 BOPD. Worth a read.

https://www.angusenergy.co.uk/wp-content/uploads/2018/10/18.10.02-RNS_-Angus-Energy-Completes-7-Day-Well-Test-at-Balcombe.pdf

Here is a link to the official write-up that in part relates to it being a “sweet spot” and talk of 900 BPD. There are lots of other reports from various times from the earlier days when this was the hot topic.

https://www.angusenergy.co.uk/what-we-do/balcombe-discovery-pedl244/

I agree BP, the initial concerns and the group appealing are still concerned on the fracking side. Fingers crossed it fails as this could re-value Angs overnight as Balcombe can produce serious flow. With Quadrilla this could be up and running very quickly and safely too.

Couldn't agree more Sea7 - very fair and conservative assessment. They do also still have the value of the possible fracking sites devalued/written-back for today's accounting purposes by £30 million. With energy security at an all time interest in Europe / UK and soon to increase unsustainable gas pricing this may one day come back into play?

I must admit OTM - they did seem genuinely perplexed at the current value and market cap / value. This was definitely a resounding endorsement that better times are around the corner. Almost as if the market doesn’t appreciate the current low!?

EBITDA = £17m

I thought he meant 5 x EBITDA?

What are peoples thoughts - stated that the aim is to see the Market Cap in the 100's of millions.

Sorry if this is repeated guys, now showing as this short is closed, anyone know the date this was amended please?

Thanks and GLA

HITS - agreed on most of what you're saying but you always fail to mention the money they have generated since first gas ongoing. Are you assuming that has just been spent and squandered? Might be worth a thought, soon see though in the FR due imminently. GLA

Have to say BP I agree with you here - other than start date and expected target completion as other OG co’s do in a basic RNS. These lot can’t even meet there own update deadlines so any plan they would be sure to get it wrong anyway further damaging investors money. Now they step up a gear into a big deal with Trafigura it’s a different league. Time to stop acting like amateurs. GLA

That SEA7 is the question - company certainly late on the GT update.

BP - oh I fully understand dew point and choking-back. I am sure there are valid reasons for the current flow… these may be addressed by BOD but I doubt it.

With regards to retail upside I do somewhat agree, the BOD could have done more to protect the SP overtime. I hope now though it becomes a more appealing prospect to new money? GLA

Still crabbing this I see BP? That’s a surprise - suppose you already know the dew point on the new well too before it’s drilled hey? Came through again didn’t they instead of another failure predicted by you? Storage too to boot! GLA