RE: London South East interview with George Lucan, MD, Angus Energy18 May 2021 19:35
His share movement explanation was not on the mark as the issue here is loss of trust. But that can recover with success at something.
I thought it was a good interview overall and GL looks a lot more positive than he did in the last webcast. For a Finance man he seems to really get in to the O&G technicals, I was impressed with him mentioning SIMOPS in the explanation of drilling the 2nd well in the beginning rather than later - good move and saves quite a bit of money.
I am not into the Geo and Lidsey atm. For now I am only interested in SF and this sounded good, more confident, doable and high probability of success.
He is still talking about gas at year end, so I expect they are confident that OGA approvals will come soon.
Oh dear me, some people never learn! I may buy some more to bring the average lower. Nuts?