Member Info for Yanis2005

Wealdpwr, success breads success. They are bound to learn.

JA51 has made some valuable contributions on this board. Has every right to post as anyone else. No need for personal attacks, let’s concentrate on Angus. Angus collapsed the Angus SP, no one else.

Gkb,
Lol, I am assuming 50% chance for success 50% for failure ... but then again with Angus if you change to 10% chance of success and 90% chance of failure ... we must be getting close to one success now ... after all those failures!

YL,

Lol, you lost all hope ... not even a glimmer!

YL,
How many times have you gone to a casino and the ball on the roulette table constantly lands on red? Don’t you think the probability of landing on black increases each time the ball lands on red?

YL,
Balance of probability points to your point no. 3. :)

Balance of probability, after all these successive failures, they are likely to get something right. It shouldn’t take them long now to get the Balcombe application sorted, they did it before. We know that Balcombe has oil - how much oil? We’ll find out when they eventually test it.

Sentiment extremely negative, could not get any worse, will either stay there very negative or improve. The chances are that it will improve once they get something done.

A contrarian investor will buy.

Is there anybody here that doesn't want The Angus SP to go up?

YL, Riverfort has been converting constantly, non stop, on Ukog and the SP is holding quite well above 1p. Not to their interest to kill the goose that lays the golden eggs.

No conversion RNS yet. Don’t they need to announce the conversion rate first before they start selling?

Neon, I appreciate what you are talking about but at this point in time is not worth for me to cut losses, I am loosing dozens of thousands of pounds on Angus and is not worth cashing in.

Yes, Angus seems to be going from one disaster to the next and when you think you reach the bottom something else happens to push the SP lower.

However, experience tells me not to sell when I should be buying. Market sentiment right now is extremely negative, could not get worse. Surely, downside risk from here must be lower than upside potential?

Balance of probabilities is that so far after getting everything wrong they are bound to get something right. No harm in pushing them in the right direction, one can hope.

And another
Saltfleetby milestones:

This is from an earlier answer,
What are the milestones to reconnection of the Saltfleetby Field to the National Gas Grid? [Investor Presentation Sept 30 2019] Asked on 3 October 2019
The key milestones are:

1) The delivery of the NTS Feasibility Study due to be delivered before the 1st November.

Can you please advise why the NTS Feasibility Study has not been delivered by 1st November? When is it now expected?

Balcombe submission problems and subsequent share price collapse:

News are out about problems with the submission, see https://drillordrop.com/2019/11/13/regulator-objects-to-angus-energy-test-plans-at-balcombe/amp/?__twitter_impression=true

Share price has collapsed to an unimaginable 0.75 pence! Why wasn’t / isn’t an explanatory RNS out?

Can this be fixed in time for WSCC January meeting? Need to resubmit? Delay? Obviously the market, having lost all confidence in Angus m, is very uneasy.

Can you please inform the market what impact of this is before the SP goes to 0.0075 pence? Time is not in Angus favour.

Yes, the placing is very sensible and is away with least possible damage. Need money to progress the assets. IMO the market will respond favourably to this and we should now see a gradual improvement going forward ... unless of course we get some explosive news and we get a spike :).

I asked a question on why they had to set aside abandonment funds for Brockham and Lidsey now and not later, but is not on the website. I asked this question twice.

Did they have to put money aside for abandonment now?

Couldn’t they wait and do that at a later date?

Wealdpwr,

You said "... And by all accounts that won't be happening for years, if at al -especially given how much he pays and loans to JTP plus expenses".

Maybe I missed something, I am not aware of Lucan lending JT-P any Angus money since Lucan arrived in the company - When did this happen?

Missing link
https://www.lse.co.uk/rns/ANGS/holdings-in-company-wf6q7bzap9vge4f.html

Alan,

Do you think that the guy that has recently put in to Angus circa £250,000 hasn’t done any due diligence? He hasn’t looked in to the team that will affect his investment?

****************************/rns/announcement/fc5ab6e0-d6de-4481-bf28-9f8239907e70/

I am sure he has.

We are were we are right now, right at the bottom. Personally, I am here because I am still holding my shares and down quite a lot atm. I also believe that the Angus situation will improve.

I don’t expect it to get significantly worse from here, just like the guy that put in about a quarter of a million pounds, I expect the team who is leading Angus to significantly improve the SP from here.

If I didn’t believe that the current team will significantly improve the SP, I will sell up, get what ever little money is left and move on. I do not understand this constant negativity. Constantly kicking a dead horse will not get it to wake up. Why keep on and on about the same points?

If anybody does not believe that the situation from here will improve ... why hang around? Why waste time on something that they believe is a total loss? Makes no sense.

I am looking at the company at this stage, now without rage and a cooler head, and I am thinking ... would I buy shares in this company with this team? The answer is yes.

- Directors investing in the company, putting between £20k and £30k each.
- independent investor puts in circa £250k
- Application for testing Balcombe is in
- Saltfleetby application is in
- SP at all time lows, at rock bottom, in all likelihood will go up
- Sentiment at rock bottom, as Balcombe testing nears ... it can only improve.

Would I now buy? ... Sure I would.

Greenfish, thanks for the link.

Application supported.

Here is the link again if others wish to register their support
https://westsussex.planning-register.co.uk/Planning/Display/WSCC/071/19