Member Info for Sufc100

News as expected on Raise. Options incentivise company employees.

1. The "Bull Case": A Stronger Balance Sheet

The most immediate positive is the liquidity.

Cash Position: With over US$20.5 million in the bank, the company has removed "financing risk" for the near term. For a gold exploration or development company, having cash is vital to avoid a "fire sale" or bankruptcy.

Validation: Raising £15.7 million suggests that institutional or private investors have confidence in the company’s assets (likely the Sanankoro Gold Project).

The retail shares have been added to retail accounts so expecting RNS today. Then onwards and upwards.

Suspension likely to end in April. As shareholders we have a lot more positives than when Angus suspended.

1) Increased production to 7 MMscf per day

2) Increased gas price £1.30 (from 80p)

3) Increase in hedge £1.30 (from 80p)

4) Agreement on Repayments

5) Remaining reserve of 23.5 BCF which is significant for a UK onshore field.

6) At 2024 gas prices of 110p/therm, the remaining gas was valued at roughly £267 million.

7) Roughly 10 years of production

6) Further Gas Well drills

7) Oil price of $100 for producing Brockham Oil field £1.17 million per year.

8) Development of Balcombe Oil Field

9) Gas storage project

Worth mentioning the current Market Cap. is £36.41m. Come Tuesday next Cora will have an additional £15.7 million to add.

The 100,000 was a buy, funny how the MM's drop on the smallest sell but refuse to move up on a buy?

Can you please ignore the posters on here who constantly look for the negative on Angus. We know they have a green agenda, we all know who they are. Please don't give them the oxygen they crave!

RNS nothing to see here slight delay on results. Now 8th April.

"the Board confirms that the delay is not due to any issues relating to the Company’s underlying financial performance, accounting policies, or internal controls."

Eagle Eye investment voted through (>99% for). They are now onboard and once permit approved they will back Cora for the build like they did for Toubani Resources. Note full Eagle Eye build investment for Toubani was on 10th of October 2025, full Mali mining approval followed in Jan 2026.

Cora Gold’s last fundraise at 6p (December 2025) was followed by a sharp multi‑month rally, with the share price rising from 6p → ~12.5p over the next four months — effectively doubling. This is based on the historical price data visible in the search results.

6p was the offer price for retail and Eagle eye, will the price drop to this before April 8th float?

So when the dust settles its very likely that a few things will progress for Angus. Out these Storage has to be the biggest and most important one with lessons learnt by the UK government.

1) Progress with new well

2) Balcombe and Lidsey fields progress

3) Gas storage Feasibility for Saltfleetby

I posted at 07:00 this morning. How wrong i was but how right I was about the green agenda a few days ago.

"Should keep the naysayers quite for a bit :-)"

Should keep the naysayers quite for a bit :-)

If you’re hunting rerates:

Cora Gold = highest leverage to rerate (early stage of Eagle Eye entry)

👉 Mining permit alone: +30–80%

👉 Permit + Eagle Eye funding:

~2x–3x share price (most realistic)

Up to ~4x in a strong scenario

The people who are posting a lot in a negative way (we all know who they are) have an agenda. My theory is they are paid to invade forums of fossil fuel companies and try to destroy the companies. As if any true investor listens to them :-)

See WG818 is back with their doom and gloom and made up facts.

AIM has not cancelled Angus Energy’s listing.

As of the latest regulatory updates, Angus Energy (AIM: ANGS) remains suspended, but still listed on the AIM market. There has been no RNS announcing a cancellation or delisting.

Noticed a quite a few days this week production has really ramped up - suggesting when Gas prices are high they can tweak it higher!

System Entry Energy, EOD (kWh)

2,125,556

2,092,222

2,106,667

2,181,111

Drinky - that's the good news for Angus. 69,000 therms per day at £1.40 gives around £2.9 million per month or £34 million a year revenue (Plus Brockham and Condensate) more than enough to service debt and interest.

The news is that Angus will benefit to the tune of around £1 million extra per month while gas prices are £1.55 or above.

Current Production: Following successful well workovers in early 2026, Saltfleetby is producing roughly 2.1 million therms per month (based on a flow rate of ~6.3 mmscfd).

The Split: This means only about 25% of their gas is hedged at that 103p rate.

Market Exposure: The remaining 75% is sold at the daily market (spot) price.

Bubblepoint no one is gloating about the war in the middle east and I and others on this board are against the war. However Angus were unlucky to miss out on the much higher spike in 2022, do you begrudge the company a bit of relief?

0.82p per therm

Multiply by 1,652,008 therms

1,652,008×0.82 = £1,354,646

With todays gas price of 98p

1,652,008×0.98 = £1,618,967