Member Info for WG818

Sorry Ocelot... I thought you would be aware of this. It appears I may have been following longer than you then?

Attached are the links to production ,the EA relinquishment report and the revised submission to the EA. You will note that the report says it would take 8.5 years injecting 150 barrels a day to get the well back to original pressure.

The Best production the OGA graph shows is 127.8 BOE/D OIL (Barrels a day equivalent) and 90.59BOE/D Water in November 2004

Brockham last produced in October 2018 with just 2.78 BOE/D OIL and 5.63 BOE/D Water

It has also been confirmed that Brockham does not have planning permission to inject from other wells. Even if they manage to get the EA permission 2.78 barrells a day is hardly going to get that pressure back up is it? Nor is the 2.14 BOE/D Water Lidsey last produced in March 2020
Only 7.8 BOE/D OIL also.

Lidsey water was historically injected at Brockham with an “oversite” on the PP by the sounds of it. Angus have asked for permission to inject from 2 rock formations.

Even if by some miracle they manage to persuade both the EA and the county council that 2.78 barrels is worth the bother by using the water from Lidsey, The latest presentation states that an existing well at Lidsey would be used as an injector well should that fairy tale ever happen.

James2. You really should read the EA report. Its not quite as simple as you think.



https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/759050/EPR-BL9763IN_-_Brockham_decision_document_FINAL_for_issue.pdf

https://data-ogauthority.opendata.arcgis.com/pages/production

https://consult.environment-agency.gov.uk/psc/rh3-7au-angus-energy-weald-basin-no-3-limited/supporting_documents/Application%20%20Variation%20%20200825__422_07154_00002_Brockham_Inject_Issue_Rev_06.pdf

Now you know that’s not true Ocelot!!
The EA relinquishing the licence was entirely Angus’s own Making.
The EA repeatedly asked for information and Angus failed to supply it and so they withdrew the licence.

I should have a look at who the partners are at Lidsey if I where you, and the financial records available from companies house.

The work undertaken at Lidsey? You mean the year late survey they said was delayed as it had to be done in the winter?……That they then did the next year in mid summer??

ocelot
True gas doesn’t expire at a given date. Licences and leases do however. Not long left on Brockham and Lidsey in that regard! Not sure how keen Mrs Brodie will be too renew looking at Brockham Capitals books!

Renewal dates for leases 15 August 2023 Brockham
28 Feb 2024 Lidsey.

Brockham licence OGA licence expires on the 27th of next month….its already had 3 six month extensions!

The charge placed on AEWB3 available from companies house website has some highly interesting information on it.

“Time to get cooking” The ingredients are out of date,and they don’t know if they will have enough gas to turn the cooker on yet!

Really? …..what happens if they decide to do a placing for one of the other “assets “ at a discount of say 25% on today’s price? Can’t Knowe convert at that if it’s over £250k?

Mmm…..so your not bothered about massive dilution like that then??!!!???……..or the fact depending they would be highly likely to sell the current holding prior to converting?!?!

Aimho…….and don’t believe a word anyone says on a BB…..DYOR!

Seriously, you guys posting this morning do realise people can read your histories on here don’t you!? Two of you has threatened legal action against Angus in the past, and one told us he sold out not long ago. Between you you have had more alleged top ups than George Best and Oliver Read combined!!

You all fail to mention that the Angus stable of horses have all been lined up outside the glue factory, before amazingly being presented as grand national winners.

What about the £1.4 million CLN due in April you keep forgetting about. Convertible at 0.9p!!

Strange to be talking in the 3rd person ocelot?
What’s your handle over there?

Sorry that should have read “wont take it”

cminhinnett
Blimey I was just correcting Ocelots claim of 16 million traded and then pointed out to BV that James2 had said he bought 1.5 million!

Looking back at James2 history I will take most of what he posts at face value thanks.

And no, I’m not the one trying to mislead here.

BV he posted this yesterday.

“Guess my 1.5 million buy will appear in an hour”

Along with a whole lot of embarrassing others!

DoneK
I have no problem with the share price rising as long as it’s not because of people posting cobblers.

If I see something that is completely bogus I will call it out.

Ocelot. The volume was only 10m and that’s including the fact that James2 supposed buy is listed 3 times and has changed to a sell!!

Time 11.15.33. Price 0.9488 1. Volume 1,500,000

Ocelot it hit 0.8p this morning!! If it wasn’t for James 2 alleged buy where would it be now?

Half yearly shows over a million owed
£5.8 taken from the £12 million we know of already
£2.5 million cash burn a year
£2.4 million for the sidetrack to pay
Multiple plant and the site still to be purchased/ paid for.
£1.4 Knowe CLN to be paid by April
Pipeline overrun costs.
Legal cases in progress.

And all that with Zero income!!!

James2

Yet again you post almost total cobblers!
Work being completed at gas field? They are behind schedule already! They were meant to start last month, as was the sales meter that was meant to be delivered is now only being inspected in September
Before delivery!
September brings the Brockham license to an end for the fourth time(it’s been extended by 6 months three times already) and even if they get EA approval to re-inject water by then they don’t have Planning permission to inject from Lindsey or anywhere else. The produced Brockham water won’t make a scrap of difference. That renders Lindsey’s £49 a barrel water disposal costs uncommercial IF IT WAS ACTUALLY PRODUCING which it’s not.

Gas will be flared in October…total cobblers. The equipment won’t be in place to flair.

Highly unlikely gas will be sold in January as the equipment has to be commissioned and signed off by the authorities.

You seem to forget the sidetrack that has a 16 week duration. So don’t for a minute think they will have enough money to pay the Knowe £1.4 million CLN due in April. They will be lucky to have enough to pay that let alone the first instalment of the £12 million due in July.
You are seriously telling people that warrants will be exercised? I suggest you do some simple maths and work out if they need to dig into the De-comm part of that £12 million loan. They haven’t even finished the 3 week pipeline started in October last year! What’s the cost overrun on that? They were working on it until giving up in January!

So if it’s ok for you to predict 2-3 pence by October is it ok for me to counter with there being far more chance of another raise.

PS have a look at how our partner has treated the PI,s over at AAOG. Birds of a feather and all that!!

You could try the city of London police. Or the FCA but they seem next to useless.

What makes this worse is that if the Saltfleetby AAOG deal goes ahead I have know doubt those £12.8 million de-comm costs the previous owners left in the company that have confusingly have been reduced down to £700k will know doubt re-apear at AAOG holders expense? Although I think Angus shareholders could be in line for a nasty shock in regard. They hold 51% now of that reading last Septembers Angus RNS.

OP

Something seems very wrong in all this.

Forum Energy Services Ltd (FESL) with only £89K showing in the accounts ( with only one director) takes control of (Wingas Storage) from Gazprom and the German outfit and inherits £12.8 million? This in itself seems fairly baffling? But then Forum change the name to Saltfleetby Energy Ltd (SEL) .Then SEL lend Forum the money to buy the CLN in AAOG. Then lots of spin for a year at AAOG and Angus while AAOG De-lists off AIM and a loan (that wasn’t needed according to Angus) for £12 million is arranged. Then low and behold literally the day that’s AAOG PI,s have been screwed over and the shares diluted to a fraction the only lifeline offered is for AAOG, (now controlled by Forum) is to buy back into a company that actually lent Forum the money that screwed them over in the first place!.......Without a doubt to get hold of the £40m tax break.

You have to wonder if this deal has been a in the making for years. Joint directorships between associated companies, Shared addresses between the main players, CLN,s taken out with by related parties with the same company, and of course the linked directorships in multiple companies leading back to a central character.

Saltfleetby accounts now available on the CH website.
Surely this can’t be legal?

More than likely a fat Australian joined in as well!!

Yes multiple connections going on here.
Did you here the one about the about the Russians, Dutch, Germans and Scottish gents meeting a couple of lords and a double glazing salesman/accountant in a Chiswick pub??