RE: Lucan30 May 2019 19:05
CS33,
I can read, can you? Can you put 2 and 2 together and make 4?
Yes, yesterdays RNS stated: "We now look forward to progressing operations at the Company's existing portfolio as previously outlined to Shareholders".
Can you enlighten me and other people here as to what "as previously outlined to Shareholders" means?
When is Brockham testing going to be progressed? When is Stage 2 going to start?
GL issued a plan that shows continuous progress from Stage 1 to Stage 2 - No delay.
We then found out:
-- 10th May RNS (and interviews): "We will now analyse the results with our partners before proceeding to the next stage which would involve bringing on site full well testing equipment and commencing flow tests".
- Latest presentation on Angus website: "Following rig demobilisation well testing / production equipment is schedule within 3 weeks (minimum) due to equipment availability". Notice the word "minimum".
So, has the meeting with the shareholders taken place? Has the equipment been ordered?
Is the well test equipment arriving to site this month? next month? next year?
So what the RNS said yesterday "We now look forward to progressing operations at the Company's existing portfolio as previously outlined to Shareholders"" … is worth sh*t … and is reflected in the SP and the SP direction …
Hard to believe that you have money in to Angus and you are not alarmed with what is happening now.
In excess of 270 million shares traded below 4.4p, the majority below 4.25p (Vonk era historical low) and the SP is at 3.7p and sinking … and you try to support this?
At the rate the SP is tanking, if you recently bought in (you've only been a member here for 2 weeks) … it won't be long before you are way under … if you don't bail out.
Hopefully, for your sake (if you are a shareholder) and ours GL does the right thing here and revives the SP.