Member Info for WG818

Adekela

Firstly you are mistaken about the compressor packages being capable of processing 10Mmscf. It’s half that 5mmscf.

Secondly it’s the 20th day at months end. They will be getting the last day of Augusts money on the 20th October asI understand it, Septembers money in November etc…..

Yes very true infinity……..if only it wasn’t for those pesky hedge commitments. High prices could yet cause a major headache here if they are not met!!

DS22
I suggest you do a little more research. The CLN was extended by a year with all the conditions remaining the same as I the original RNS concerning it.
Except they forgot to mention that it was no longer unsecured as Knowe now have a debenture secured on it. All available on the companies house website.

I see Adrian in his new alter ego wendydoll is pretending that the compressor packages are rated to 10MMSCF! Totally bogus. Only one package is on site and that is rated to Only 5MMSCF. The second is yet to arrive as stated in the last RNS relating to this from the company. The whole plant has been commissioned to handle around 10 or slightly above if they run a risk assessment……..it’s all in the public domain Adrian. The question is can the single compressor package fulfil the hedge from October, can they drill the sidetrack and produce at the same time and how are they going to pay the loan down this month??

Dan1605

You also need to consider the £1.4 million CLN that can be converted at any time. This could be converted at 0.65p if the company didn’t get permission from the lender and why would they have possibly given them permission to do that.
That’s a lot of dilution.

Morning Donk.
Well done for using capital letters for once! ……

Again you assign a statement to myself that I have actually never said.

I see UKOG beat Angus to it this morning then!!

So RT00 pool boy is still living in fantasy land I see.
He won’t answer you caterham as he has made it up as usual.

Caravanboy. The planning officer actually recommended it to be passed on the last attempt. The committee were less than impressed with the application however, as it is in an area of natural beauty and failed to demonstrate that it was justified on 2 counts. Theyrejected it unanimously.
It’s possible that the Secretary of State will overturn it but it’s doubtful imo. With regards to fracking it absolutely no hope. The Policing bill for the protests at Balcombe were £2 or £3 million when it was only a pie in the sky suggestion a few years ago. The drill or drop website has a good article covering it. In fact any oil based fracking in the soy east of England has almost Zero possibility if it requires local approval.

Angry Jaffy?

Far from it! It’s great sport knocking down the morons, I’ll thought out, and just plain lies on here.

I’m more dumbfounded than Angry that the regulators haven’t poked their noses in when it comes to the shinanigans over the years here.

I have written my investment off I’m and long past being Angry. I do enjoy being a thorn in the side of a company unable to fulfil even the most basic of promise though!

That’s better RT00 pool boy…….Get back to the don’t listen to them as they are green activists paid for by Vladimir line!!
Amusing that a cack handed attempt to discredit actually produced a link to people being paid to RAMP the company….

What happened to your latest 100% guaranteed RNS then Pool boy……Further words as you say at superfluous! And you can Quote me on that(another pool boy classic)!

Adrian/lemon
I follow the LSE rules unlike yourself.
My views are my own and have no affiliation with any other posters on here or elsewhere(unlike yourself) other than replying to links.

You on the other hand are a full time job for admin.

I guess you lot went to the keystone cops school of detection then!!!
Best go back to the we are all green activists posting angle if I where you. You may actually get someone gullible enough to believe that BS.

Thanks for the Stinky Pete / selfish mcnimbie link though.

So let’s get this straight. Anyone who holds a dim view of Angus and its management have now been moved into yet another “bogeyman” conspiracy theory Claptrap theory as we are all apparently the same person??
So are we actually paid by the Russians (my favourite) Emplyed by the CLN holder or Berenberg wasn’t it, The editor of an online oil and gas publication, (The infamous Ruth allegation) or now a financial commentator?
Only your justification for the latest brain dead accusation seems to be an article that gives information about a poster (SelfishMcnimby) who was actually ramping Angus( Poorly) back in March?
it’s obviously clear that the dimwit Adrian likes to talk to himself but hardly likely HITS is stupid enough for that…….PS even if it where true what HIT,s posts is perfectly reasonable and verifiable.

The trouble with that is, George is stuck at base camp having been flown in by helicopter at share holders expense…….and his equipment that cost 10 times what he told us, increasingly looks to be not up to the job or is missing a piece.

As HIT,s explained not necessarily. They need to produce enough to cover the hedge and then enough to pay the loan and interest, the CLN, and Mr Forrest and then the everyday company expenses. So another couple of million a month just to break even.
If they fall below the hedge commitments it’s going to get serious as the lenders (also on the other side of the hedge) hold debentures over all the companies assets. They along with anyone not wearing rose tinted glasses must be worried about getting their money back with this shower in charge?!?

Sunday night and the sound of SIM cards being changed by the multiple I’d posters is deafening!!

Here is the link. Scroll down to the black section and zoom into Saltfleetby on the map. All the information you require is there.

https://www.nstauthority.co.uk/data-centre/nsta-open-data/production/

P1
Again that’s not the CPR it’s a flawed investor presentation with duff information given at the time to make the figures look better than they were.
The reason they are wrong is that they couldn’t produce that much as the compressor at Threednedlethorpe wasn’t able to produce those amounts. This was challenged on the Q&A page. That’s when they admitted the reason which makes the presentation wrong!!

Again check the official figures if you doubt what I’m telling you.

You also need to remember they can only produce 5mmscf at present as only 1 compressor package on site.

Yes of course I should have said BAR.

So you were just guessing that the pressure is was the same then?

P1 apologies I see you provided a link after I replied.

That link is to an investor presentation not the CPR…..and Is WRONG! Check out the Q&A page and the official figures from the source I gave previously.

Petroleum1
On what page of the CPR did you get your figures from? They and the well head pressure that you mentioned seem to be missing when I down load it. And how can you possibly know is the same? In fact in a recent interview GL stated 85psi and that has now dropped to 80psi in a subsequent RNS.

All the figures regarding production are available on line from the NSTA website under open data and don’t support your claim either. If you can be bothered to do the research check out the water cut (well Killer) increases in resent years.

As for a 7.00am RNS?……can’t be happening as Gavin AKA RT00 pool boy hasn’t let us know one has been lodged………not that any of his last 3 assured ones have materialised!!

Donk……I know that anything GL tells us is difficult to believe, but it was him who gave the interview.

https://www.youtube.com/watch?v=dX_j3cEBj4c

PS the pressure seems to have dropped from 85psi to 80psi after listening again!!

I think it could be of some benefit for both supposed “Experts” and the rest of you rose tinted glasses wearing cheerleaders to watch the following LSE investor presentation (Conveniently missing from the media link?)

All worth watching as it puts into perspective what the put forward as “Expert” commentators on here seem to spectacularly miss! Best part is from 11 mins in …..It’s not complicated and it’s going to work or it won’t………Looks like those designers have egg on their faces then?!?!

https://www.youtube.com/watch?v=dX_j3cEBj4c

Well worth watching any previous interviews to compare the reality to the hype. Literally nothing that is promised turns into reality and is usually spectacularly wrong and misleading.