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You lot should really read the CPR (finaly published) rather waffling…..£3.3 million in cost next year alone…without drilling those wells….and the production constrainted by the equipment….it’s eye watering stuff!!!

So anyone getting excited about the new CPR really should wait to read it. Typical little Angus releases an RNS and fails to do as it says.

Funnily enough the did the same last week when they had failed to mention those other Billions of shares they were seeking authority to issue! Took them a day to put it up on the website then.

The Balcombe is very much open to interpretation!

Don’t forget they bare all costs until oil is proven commercial.

All that posting under multiple id,s and to no avail.

Back down it goes!

Thanks for that Adrian.

Only he took the university to court over this and won the case. The guy in the article is no longer employed there.

Interesting to see you new incarnation back so quickly. I should think baits is worried this morning after admitting to having multiple id’s on this platform?

Baits

Apologies for not responding yesterday afternoon.

So in summary you think /thought Balcombe was going to be huge because it was connected to Horse hill? Only when it was pointed out that the Kimmeridge at Horse hill had been shut in, and that even Angus themselves don’t think they are connected because of varying levels of maturity you change your mind.

So now Horse hill was rubbish and Balcombe is in the sweet spot!…..I should take a minute to think about who told you that!!

It’s a bit curious why Cuadrilla didn’t tap those millions of barrels you’re hoping for when they had the chance. Only they let it sit there for years until Angus farmed in and the Angus share price dropped like a stone.

In summary Balcombe is the very last throw of the dice as far as the Kimmeridge is concerned.

I’ll take professor Smythe’s analysis over that of Anybody posting on a BB any day. He even predicted they had drilled through a previous drill hole…and hey presto water from a previous drill appears.

Do yourself a favour and read what he has to say on the matter.

I can read just fine baits.

I managed to read the report into the Surrey tremors that debunk your connectivity theory, as does the recently departed Mr Hollis in the phone in (available on the Angus website) after the Brockham failure.

The answer is Zero oil at present from the Kimmeridge at present ant horse hill ,unless I’m mistaken, as you really didn’t want to answer I guess I’m not though.

Baits

Don’t think anyone didn’t notice you sidesteped the question!….I know it is pretty embarrassing to your central argument, but how many barrels of oil from those billions you talk of from the Kimmeridge at Horse hill is it producing at present?

By the way. You need to do a little more research regarding connectivity. I don’t think the professionals agree you.

Just remind us what “the Gatwick gusher”” there’s billions of barrels I tells ya” Horse hill is producing from the Kimmeridge at present baits? Not quite the success story after all is it?

Or Braderford bridge, Brockham or Lidsey come to that?

Jeez…. the Company has unwound 50% of its hedge position in the second half of 2024.

Not July this year!!! So not a massive benefit as you thought!

PS

Much as the increase to 46.55p a therm they get from October from 37.55p in September was known.

Mmm. I see your confusion.

That isn’t unwinding as bridge suggests. The drop from July this year was always going to happen. See the accounts or CPR.

It was only a small drop from 160 MMSCF to 137.96 MMSCF and was planned all along.

That’s a fairly massive mistake you just made then! Where the hell did you get that idea from?

The forward hedge management if that’s what you’re referring to? Doesn’t start until Q3 2024.

And I would take his word in front of those of Lenigas, Tidswell,Vonk. And Sanderson…..and Alan2017 come to that. A BP/Push2

Yeah…of course you did!!…. More porkies!

Well he did have some mud slung at him agreed. But I think you will find he went to court about that and won the case!

As far as I can see all he has predicted has come true.

Funny BP…..I’m on your filter apparently.

Well for a “buffoon” he seems to have got an awful lot correct.

“ does not currently expect”………. They haven’t “expected” an awful lot of things over the years that actually came to pass!!……funny they are attempting to do it,….just on the off chance a!!

As does the conversion of that £3 million bridge loan!

One more thing. Those Scenarios you speak of should be based on the evidence available.

The RNS from last week that conveniently failed to mention the billions of extra shares they hope to be able to issue supports offy’s scenario far more than yours!

Baits

Some of your scenarios are possible. However highly unlikely.

Not the 800 barrel flow rate though. This is a well test and the company itself has admitted they are restricted by the OGA, now renamed the NSTA 300 barrels a day was mentioned in discussions!

They also have the slight issue of constructing the bunding and other requirements, and more importantly that the Kimmeridge story that so many of us fell for is a busted flush!!

It appears that professor Smyth has been absolutely spot on in his assessment of the Kimmeridge thus far . I suggest you and anyone interested in investing in Balcombe take a look at his thoughts on the matter.

Oofy

Can’t see that little pump on Friday continuing, it was only £20k when you add it up. The few mugs who fell for the usual suspects pump will realise over the weekend that a successful appeal was never going to happen.

Balcombe is actually going to cost Angus a couple of million for a well test on a largely debunked Kimmeridge fairytale. Perhaps they will try and get a placing away to fund that? Let’s say at 0.5 p…..that would of course drop the price of those 300 million warrants to 0.5 also.

Mr Forrest and Manclark and their large holdings are indeed worth considering however!

Let’s not forget the fact that they are asking permission to dilute shareholders to oblivion and the reasons for doing so.