Member Info for wasit10538

199 tonnes=1361 barrels.

That's like getting a larger than expected tax demand forcing you to sell some of your best shares.

The offensive odour will only intensify with all the bull poop posted tonight.gla.

Well you're pumping heroically tonight. What comes after the pumping?

Hi rxdav, regroup and onwards and upwards, I've been invested here since early April and already reclaimed half my losses back from that other share.now I believe I'll get it all back and a healthy profit but if I see the initials JTP on the payroll here I'm running a mile!

kenniGT,good to see you and rxdav in here,should get our losses back and more.

Ladies and gentle....men, i I have dreamed the dream of what comes down the lane at Brockham and you will become bored with counting the tankers......but not with counting your profits.

As I posted when the deal was first proposed what is a morsel for a big fish can be quite a feast for a minnow.

Yes please carry on chaps you're doing a splendid job,I might even get sub 3.5 for my second tranche,so don't stop now.

Can't buy just 200 shares at the moment.

How long do Angus have permission to flow test for Ja51 I'm sure you would know but strange that you haven't mentioned it yet lol.

Agreed Maladoni,I'm not going to read through 250 posts but the interview was impressive and fully justified the raising of £12 million pounds,speed in this case is of the essence with all the bigger boys wanting to muscle in. It will be interesting to see which companies have bought those shares.

Angus and it's shareholders are not in a position to turn any profit down,so if the gas project doubles the present market cap that will do for me and hopefully Brockham and Balcombe will be very good ( although the initial rates from Brockham I suspect will be on the low side as they proceed with caution ).

Thanks Gashead,yes I think this is the bottom but have some more in reserve if it isn't. As I posted a few weeks ago about the gas acquisition what can be a morsel for a big fish can be quite a feast for a minnow and I do like the way George Lucan is now under promising and establishing a company with a proper bod ( rather than a one man band ) and sound balance sheet with a distinct plan to become cash positive with dividends to follow. Wolf, Bloe are producing 700 bopd choked back on a 1/8 th choke because they need to increase storag to cope with what they have found with 4 more sidetracks in the same field in the next 12 months,plus other fields and big gas to come. Yes I do believe Angus are turning a corner and plenty of good news to come in Q3 and Q4.

As I understand it the abandonment pot will already be in place for the cost of well abandonment is already in place from the previous owners who I presume will be the one retaining 49% of the gas well. So the contribution from Angus can either be used as a contribution towards the abandonment costs or to reconnect to the grid.
" this contribution will cover the Company's 51% share of abandonment costs on the Gas Field. Alternatively,but not additionally,the same cash contribution will,in the opinion of the Directors but without external verification, suffice to pay for the reconnection costs of the Gas Field to the National Gas Grid."

Morning all, I'm back in now at 3.8 pence having made up my losses in Block Energy,a fantastic little oil company who at every stage have under promised and over delivered which is the exact opposite of what Angus have done in the last two years. However I believe that the share price has now reached the bottom and the only way is up from here.

Well that explains a lot and why they were so rapidly dumped today.

The date of the first dividend payout has just been greatly accelerated.

Barnet Peter always works hand in glove with BMD.

Bloe set out their work programme for this year and were hoping for 320 bopd from 16a and we all know what they actually achieved has blown there carefully laid plans out of the water. They have had to rethink their plans and come up with a new work programme for the rest of 2019,this takes extra time and patience but the wait will be rewarded.