Member Info for WG818

Only one liar on here Bubbles. Go and find a mirror!

Again you should take more notice Onetomany!

"The new compressor will maintain inlet pressures into these two compressors as reservoir and well head pressure declines with depletion, increasing production levels in the short term and field recovery over the life of the field," it added at the time.

It will in increase production levels…. “in the short term”

but as I have pointed it it will use as much gas as it will save powering itself. Multi millions are required to be spent on new wells in very dodgy geological conditions. The last drill was basically a failure, and the 9 before that all failed.

Are you sure this investing game is sustainable for yo one to many?

They gave themselves the right last year to issue £3.4 million worth of shares. They have used those up firstly on the million pounds they paid out in shares to mr Forrest/forrum last week as they didn’t earn enough during the year that they have a break from paying the £20 million loan. That diluted everyone by about 12%. They just granted themselves the authority to issue more shares as they had to use the existing. The new authority will dilute everyone by another 20% when they use them to pay the remaining £1.88 million owed to Mr Forrest…….make sense now?

Before responding one to many, just read the first line.

“7– Directors' authority to allot shares”

Here you go try reading it.

7– Directors' authority to allot shares

At the general meeting of the Company held on 14 March 2024 (the "2024 GM"), the Directors were authorised

to allot shares or grant rights to subscribe for or convert any securities into shares up to an aggregate nominal

amount of £3,600,000, in respect of various arrangements as detailed in the notice of the 2024 GM (the "2024

GM Notice"). This aggregate amount was comprised partly of authority to allot shares in the Company:

(a) up to an aggregate nominal amount of £1,000,000 in connection with the Deeds of Variation (as defined

in the 2024 GM Notice); and

(b) up to an aggregate nominal amount of £2,000,000 in connection with the Forum Deed (as defined in

the 2024 GM Notice).

The Directors are seeking to extend the allotment authority granted at the 2024 GM by nominal amounts of up

to £200,000 in connection with the Deeds of Variation and £1,000,000 in connection with the Forum Deed, being

a total aggregate nominal amount of £1,200,000. These are based on the Board's calculations of the authorities

that are required for the Company to be able to meet its remaining contractual obligations in relation to these

agreements.

5

Resolutions 8 and 9 – Disapplication of statutory pre-emption rights

The Directors currently have limited power, in certain circumstances, to allot equity securities for cash other

than in accordance with statutory pre-emption rights (which require a company to offer all allotments for cash

first to existing shareholders in proportion to their holdings).

The Board is seeking, by Resolution 8, to grant a new power to allot equity securities other than in accordance

with statutory pre-emption rights in circumstances where the allotment is limited to a maximum aggregate

nominal value of £884,370.96, representing approximately 10% of the nominal value of the issued ordinary

share capital of the Company as at 5 March 2025 (being the latest practicable date prior to publication of this

document). If approved by shareholders, this authority will expire at close of business on the date falling 15

months from the date of the AGM or, if earlier, at the conclusion of the Company’s next annual general meeting.

The Board is also seeking, by Resolution 9, to grant a new power to allot equity securities other than in

accordance with statutory pre-emption rights, limited to allotments made pursuant to the power granted by

Resolution 7

Omgg. You still obviously haven’t read the document have you onetomany. Perhaps perfectly illustrating the point Bubbles. There are an awful lot of morons who just don’t understand what’s going on!

Well don’t say you haven’t been warned. A fool and their money and all that!

Jezz Bubbles. As onetomany, Tonny-curry andDanielm89 have all proven today, they don’t don’t have a clue about most things.

They have to pay in shares as that was the deal struck. And it matters because everyone is getting diluted by more than 20%.

Probably 40% when Mercuria are paid out in shares also.

Mr Forrest isn’t going to want more than 33% of the company as he would be obliged to put an offer in, so expect him to keep offloading. I’m sure all the mug punters you are hoping to hoodwink will be aware of all this a Bubbles.

Nothing odd about last week at all was there! Not one share traded on Tuesday and the price going up in theory by 18% on Friday!?!?

Caveat emptor.

Or to put it another way onetomany about 1 billion shares to mr Forrest/forrum.

No wonder he got rid of 120 million the other day!

So you couldn’t even be bothered to read it then. Resolution 7 The £1.2 million relates to the Forum energy deed. And t Resolution 8 For £ 884.370.96 is presumably for the remainder of the £1.88 million they owe Forum and the 8% interest plus Sonia they are liable for.

Dumb and a Dumber!

“Don’t be so stupid “ you just told poor old Tony..only this very much applies to you! You really should try reading the paperwork once in a while onetomany . It’s still there on the Angus website if you can be bothered to read it.

So another £2 million of confetti can be issued then!…..and it will be.

Daniel. Turn your brain on and read the RNS issued at the time the deal was done! The one that wiped half the share price out!

Interesting article for anyone who thinks it will be a walk in the park protest wise though!

Yes Turnover Bubbles! But making nothing off it as the accounts show. They didn’t have the money to pay it. And they certainly haven’t earned enough with the production drop off in the meantime. Plus the slight issue that that’s what contract with Mr Forrest said!

Why don’t you use your expertise to correct Daniel’s constant tripe if you are so concerned about being balanced?…..you certainly would have done when you were on the other side of the trade as your history tells!

Daniel. Ignorance is bliss. Angus are liable for all costs until commercial quantities are proven. AFTER ITS BEEN TESTED!

Your list is total tripe!

Simon. I think you have misunderstood.

Mr Forrest will have more than 40% of the company by himself when he receives his next £1.88 million to be paid via shares in June.

Then you have the £1.4 million in shares that go to Mercuria.

I didn’t comment on the earth shattering news that they can inject as anyone who has watched one of these new it was a forgone conclusion. Should have been done a couple of years ago. But let’s be honest here. Lidsey produces nothing. Around 10 barrels a day from memory. Water production would take 1 or 2 weeks to fill a tanker! And then you have the slight issue that the wrote down over £4 million on Brockham in the last accounts.

Yes the injection could be useful at Balcombe should they get permission, however that is going to cost them over £3 million for site upgrades (see the planning permission paperwork) just testing it….money they don’t have.

Perhaps a deal can be done with someone else to dispose their water? Not sure who would need too now Horse hill has gone!

Fair point Mirasol.

I should have left case out. They of course took out the middle P number in the last CPR so Worst scenario.

Bubbles. You seem to think everyone has the same expertise as you on here. Of course they don’t as has been proven this morning by Simon and any number of posters that have been corrected for posting absolute tosh! Of course you don’t correct them when you are in do you , you just get very angry and accuse others of lying, and being “what is wrong with society” and being in some sort of chronological conspiracy! In total nonsense of course.

Everyone was diluted by 13 odd percent on Monday, and everyone can expect to be diluted by a further 40% shortly as the accounts show they don’t have the money to pay Mercuria and they have RNS’d they are in negotiations, and as Ocelots post says mr Forrest’s next £1.88 million is to be paid in shares.

Do you really think he will want to hold considerably more than 33% of the company? Hardly likely as he got shot of that £8 million pipeline de-com cost when he did his last sweet deal!

Simon. Perhaps if you actually did a bit more of your own research you would realise that is “downplaying divs” actually know what we are talking about!

As Ocelot just posted, that figure equates to over 20% dilution! Then you have the Mercuria 8% GROSS royalties around another £1.4 million or around 12% dilution! And all owed from the year that they had a break from paying that £20million (now £23 million with the credit card interest) and still have £5.7 million to drill the first well and £750k for the sf4 string Both Essential! And all that running at 60% (see Mirrasols post) below the CPR worst case scenario.

Not “Bile” all facts!

Bubbles. You are making yourself a laughing stock.

Your detailed explanation actually proves my original point to Daniel that the new compressor is going to use as much gas as it generates.

As for being in some sort of gang? Well I post my own views and I can assure you I am not in any sort of gang. It was actually on this s BB that you got attacked on after I pointed out what you were doing. Probably all members of the Telegram group you had led up the garden path!?!?

I await your apology.

Https://wp-angusenergy-2024.s3.eu-west-2.amazonaws.com/media/2024/08/CPR-AEWB-Saltfleetby-Gas-Field-Effective-Date-1st-August-2023-Report-Date-13-October-2023.pdf

Best you get in touch with “oil” and call them liars bubbles!

Liars bubbles? It’s there in black and white in the CPR!!!! I even gave you the page number!

This high level job you have in oil and gas, you don’t wear salmon slacks do you? because you seem as clueless as mr Sanderson.