Member Info for WG818

You can’t argue with stupid. So I want bother to reply again onetomany.

I will take my history over yours any day of the week. And I don’t have to make anything up like yourself as I post Facts and have forgotten more about this lot than you think you know!

How are you correcting anyone? You haven’t got a clue what’s going on, as your embarrassing posting history shows!

Well, today’s figure wouldn’t fulfill the hedge commitments…….so yes……

wagbag? …Not an expert at insults either are you!!

Well todays and yesterday’s production definitely isn’t going to help in those “negotiations”

26/05…………0.0974

27/5……………0.0712

Oofy.

Best case scenario is that whoever they are in the RTO talks with have a spare

£100 million plus for the new pipeline required for storage

£11 million minimum for the 2 essential new wells and velocity string at Saltfleetby.

£3 million to get to stage 2 at Balcombe , and all for a TEST license on a discredited Kimmeridge play.

And £2 or £3 million each at Brockham and Lidsey.

Alternatively around £13million to de-comm all the sites, which is exactly what the previous license holders had planned to do before Angus new better and took them on!

Oofy . It’s well worth having a tea of the RNS relating to the shinanigans going on, and what is about to play out at the beginning of June.

1. Are Angus now liable to pay 20% plus Sonia as they have already defaulted on the 20million loan?

2. Mr Forrest is owed his £1.88 million to be paid in shares at a 15% discount to the 30 day average

3. The 8% override payment is now 14 months without being paid also subject to the 15%% discount.

Then of course we have the payment due today that they couldn’t afford due to poor production in Q1! Well Production thus far in Q2 is circa 30% Down on that poor performance! There is obviously a major issue with the new compressor package which is something us mug private investors need updating on , let alone the phantom Gulf of Mexico RTO saviour!

https://www.lse.co.uk/rns/ANGS/19416320-million-financing-facility-drawn-down-7lg3fm1vlc0abps.html

Very convenient timing all this. Best guess…..it won’t happen and when it’s un-suspended there will be another couple of billion shares in circulation.

Will they lift the lid and put it straight back on! Just like all those prospective buyers did when Angus put itself up for sale!

Thanks for that Bubbles

Yesterday was just a dribble again

0.0569

Https://drillordrop.com/2025/04/30/cuadrillas-owner-gets-9-more-days-to-refinance-debt/

So for those who don’t know or are just sitting fuming. This is the same outfit who owns 75% of Balcombe.

Funny Ocelot decided not to post this!

I could point you in the right direction Botham, but apparently this BB is only for those who are so far under water they don’t want to hear the FACTS!…lol.

RP….The filter button is up and right. I suggest you use it……I would suggest that you are very much getting angry at the wrong person here. I’m not the one who has forced the share price to an all time low! Perhaps if you look back through my history you will realise I could have saved you a pretty penny, along with all the other “MUG PUNTERS” that looked at what I posted and gave it a miss!

The silence is deafening! ….No production for 3 days, all time low hit on Friday. A £35k off book trade at 0.20p on Monday, and our resident expert conspicuous in their absence!

We are all keen to hear your take on things Bubbles!

No points! Just unpalatable Facts strop erator!

So they have shut Saltfleetby down for the last 3 days then!

25th…….0.1104

26th……..0.0137

27th……..0

28th……..0

Looks like Fridays all time low could have been caused by those in the know!

Production figures from Friday missing again but Saturdays figure is worrying. Down to a trickle of just 0.0137. The previous showing figure from Thursday was 0.1164 for comparison also poor but at least it was working.

Patrick,

That information is already available in the company accounts. Just look at the RNS link above.

Oofy,

I think you are probably right that it Mr. Forrest. At the price the shares are now and then another a 15% discount, that £1.88 million he is owed is going to give him close to that 51% when he had Saltfleetby Energy. Guaranteed he wants no part in the deal-comm costs on that 8km pipeline he offloaded when he sold out! I think I’m right in saying he would be required to put an offer in at anything above 33% is it?

Anyway I guess it’s a game of chicken between him and Aleph! Whoever goes first drops the price by 15%, then the other will drop it again by another 15%! Or have I got that wrong?

Part 2

It has been agreed with the royalty holders that until June 2025, the royalty will be settled in cash or through the issue of new ordinary shares in the Company (in the case of the Aleph entities, this is subject to shareholder approval), issued in April (in respect of March) and then quarterly at a 15% discount to the 30 Day Volume Weigh

Taking into account that Bubles also got his “WARCHEST” theory wrong as hey failed to build it last year and the FACT that they actually made a £4 million loss and owed more money to trade creditors than they had in the account. Those Barrel scrappers are going to need at least 15/20 longer arms Ooofy!

Question is it Forrest or Aleph who is selling?

14 May 2024 12:21

RNS Number : 3904O

As previously announced on 22 February 2024, Angus Energy will settle its March 2024 royalty or ORRI ("Overriding Royalty Interest") payments on Saltfleetby Field production in shares.

The Company will now issue a total of 27,448,470 Ordinary Shares to the ORRI holders (the "ORRI Shares") at a price of 0.3544 pence each, being a 15% discount to the 30-day VWAP as at 26 April 2024, representing a value of £97,277.07.

19 Mar 2025 07:00

RNS Number : 1838B

Pursuant to the Revised Forum Arrangements previously announced on 22 February 2024, the Company has received a conversion notice from Forum for £1,000,000 of the Deferred Consideration. The conversion notice covers principal payments due up to and including 31 December 2024 and will be converted into 427,893,123 Angus Energy Ordinary Shares. The Company will also be issuing a further 137,145,481 Angus Energy Ordinary Shares (together, the "Deferred Consideration Shares") in relation to accrued interest until 31 December 2024.

22 Feb 2024 07:03

RNS Number : 0745E

Royalty Interest

As part of the senior debt facility secured in 2021 to redevelop the Saltfleetby Field, the Company acquired a commitment to pay royalties to the lenders from the three current producing wells on repayment of that part of the debt associated with the construction of field facilities. The royalty period will commence from 1 March 2024 for payments to Aleph entities of 5% and Mercuria of 3% of gross revenues of sales gas and condensate. The royalty will not be applied to any future wells that the Company drills. The entitlement to any gas revenues from new well stock will be entirely for the benefit of Angus shareholders as there is no additional royalty attached to the new Facility.

Until the original Mercuria hedges end in June 2025, gross revenues for the purpose of royalty calculations will be adjusted to take account of the original strike price of the hedges and the incremental costs of hedges which were crystallised at Mercuria's request in July 2023. As a result, the Company's requirement to pay royalties is lowered until June 2025. Beyond that date the royalties will not be adjusted by any future price protection which the Company may engage in with Trafigura or other counterparties.

It has been agreed with the royalty holders that until June 2025, the royalty will be settled in cash or through the issue of new ordinary shares in the Company (in the case of the Aleph entities, this is subject to shareholder approval), issued in April (in respect of March) and then quarterly at a 15% disco

I could also use your argument to prove my point! If you take Saturdays figure of 0.1175 and look back to dates two and three weeks ago they are the same rough figure. It’s using as much as it’s saving period!