Member Info for Yanis2005

New trades

332,319 @ 3.74p
350,000 @ 3.74p

Wow ... more short covering

Shorts covering? Seriously? Which PI has 3 million shares to sell at 3.8p ... and break even? make a profit?

No open offer tweets from Angus today ... I wonder why?

Sam,

Not everybody that is frustrated and is critical of the current state of affairs is a "deramper". Is not that long ago when I was called "ramper". One thing that I am certainly not looking for is a lower entry.

Some of us have been here for some time now, My posting history can be checked here
http://www.lse.co.uk/member-info.asp?nick=Yanis2005
There are positive posts and there are critical posts in there.

I am a LTH, averaged down at the bottom at 16p in Nov 2017, then at the bottom at 13p, then at the bottom at 8p, 6p … all the way down to the recent bottom at 3.8p.

No more averaging down for me I now want to see the SP appreciating. I want to see a return, I have been waiting long enough.

I probably hold more shares than the average person here, but unlike some here I don't have a "free carry", I hold 1.2 million shares all paid for and the SP has to double from here on for me to break even.

You think I am deramping Angus? I haven't posted anything that is not true, frustrated at the BOD actions … yet again. In April, the SP was advancing quite well, we were all hoping for double digits … we were posting train departing … rockets and the like.

Then the bombshell rom GL that drove the SP where it now resides - all time lows.

May I ask why with all the good angus fundamentals … Brockham about to be tested, Balcombe slugged at 3000 bopd … etc, the SP is tanking?

May I also ask why you chose to consider the SP drop from beginning of this month and come up with a drop of only 12.6%?

Late April, whilst on Stage 1 testing and leading to Stage 2 testing the SP was advancing ... reached above 6p (I had a top up at 6.345p at that time) and it then stagnated at ~6p leading to the placing leak … and the placing on 30 April.

Ignore the fact that the SP was advancing and the advance derailed due to the placing leak ... considering the SP drop from just before the placing leak to where it is now, the drop is more than 40% ... not 12.6%.

Placings … Do you believe them when they say they are fully funded? Ukog that you mentioned was fully funded for the whole of 2019 ... and yet you know what happened a few weeks ago. What was that placing at 1.05p for?

Personally, I am openly critical of the current state of affairs, my tweeter posts are all addressed to Angus ... Angus BOD is my intended audience and nobody else. If other genuine shareholders did the same, the BOD might take notice.

Don't be afraid to be critical, is not deramping. Has little effect on the SP The SP is damaged by other forces normally in the know. If you are worried, send an email or contact them on their website.

Your shares, your money. Fight for it or stay quiet, blame derampers and wait whilst the SP is being chipped at.

Since the placing announcement on the 30th of April,
253 million shares traded below 4.4p
208 million shares below 4.25p
Yes 253 million traded/sold in historically low range. This is an awful lot of vol

B2HS2L, good info on the gas field acquisition.

I didn’t look into it because I believe that It cannot be a good deal - nobody sells a good deal and not to mention sell it for a £1.

Let’s hope that the deal fails so that they got no distractions from testing Brockham and Balcombe. IMO, all that the gas field will bring is more and more dilution.

Fingers crossed the gas field deal will not go through.

Sam_,

If George Lucan is right and the gas deal is worth 4p to the SP, cash flow within a year and dividends within 3 years ... why is the SP collapsing?

Friday’s close was an all time low close ... market acts in anticipation ... with all the goodies ahead of us why is the SP not advancing?

Why is the SP sinking to all time lows ... lows btw which GL created with his first placing at 4p ... which was below the then historical low of 4.25p.

The BOD with their current actions are screwing the shareholders up beyond terrible. They need to concentrate on proving Brockham and Balcombe first and regain market trust.

Scullywag, does whether or not they discussed and agreed costs with the partners already make any difference to the current situation?

No, it doesn’t. What matters is the fact that Brockham testing is suspended until the results (results of what? Had no testing yet) are analysed with the partners.

Currently Brockham testing is suspended due to a new reason not previously made public, not included in the plan. They mislead us to believe that testing was continuous. Now SP decimated.

Not only the SP has collapsed as a result of their actions, we appear to have had market manipulation driving the SP down over the last couple of weeks. Other companies would have addressed this SP unwarranted SP deterioration, these guys kept quiet.

If this was in the US we would have had a Class Action Law Suit by now.

jason-ww, the testing plan is on hold.

Last RNS dated 10th May:

“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.”
https://investegate.co.uk/angus-energy-plc/rns/brockham-operations-update/201905100930026687Y/

That means a halt in testing until results are analysed with the partners.

Until another RNS informs that the analysis of results is completed and the equipment has now been ordered. Testing is suspended.

Given the state of the SP I would expect them to announce equipment ordering at the earliest possible, then we’ll have to wait for equipment to arrive.

Wolf,

Brilliant post. What you described is what happened to me, albeit a bit slower to stop adding at bottoms .. all the way down from 16p.

You hit the nail on the head with this post. These guys mislead us in a big way ... improved comms, published a plan, fooled us to believe that it was open honest and transparent company from now on, starting early, fooling us in to believing that they are now serious in getting on with it and proving Brockham ...

... then boom ... a second placing within a historical low range, the suspect gas field deal for a £1, and a concurrent RNS to say that Brockam well testing is suspended to analyse results - completely illogical and not in the published plan.

If Angus BOD was aiming to destroy the SP then they could not have done a better job ...

Friday’s close was a RECORD LOW CLOSE.

On 24th January, 3 days before Vonk’s resignation the SP closed at 9.35p and was on the up, the day before he resigned, 28th Jan the SP closed at 8.25p ...

Before current BOD, 8.25p .... record low Friday’s close 3.7p (but in fact the last 2 trades were 3.64p, 3.63p). The current SP needs to rise by more than 225% to get to that level ... great work by the new BOD.

https://twitter.com/yanis_2005/status/1131931619990937600?s=21

Exactly, as you say “At the moment all we are good for is target practice for day traders and shorters.”

Still 10% to be made for traders.

4th Feb RNS - Positive - remain quietly optimistic ...
“The water zone is obviously an unexpected hindrance but, with natural flow to surface and evidence of oil, we remain quietly optimistic of achieving commercial success at Brockham. Brockham in combination with Balcombe could be transformational for the Company and oil production in the Weald.‘
https://investegate.co.uk/angus-energy-plc/rns/brockham-well-test-update/201902040700059128O/

3rd of April RNS - still positive
“George Lucan, interim Managing Director, writes: "We are pleased to be able to evidence that our commitment to comprehensive communications with shareholders is being delivered in a timely fashion. We look forward with excitement to completion of these works.‘
https://investegate.co.uk/angus-energy-plc/rns/operations-update---schedule-of-works-at-brockham/201904030700038945U/

Published plan shows continuation of activity right through to testing with no pause to analyse results.

3rd May 2019 RNS sneaks in the pause to analyse results for first time.
“ The workover rig will be demobilised once the new completion has been run in hole and this is expected to take place early next week, on time and according to schedule, at which point we will begin evaluating the results of the work before proceeding to the next stages.”

Why wasn’t’t this pause highlighted in the Plan? I don’t think is an easy mistake. We were mislead.

Then the downplaying of Brockham in “managing expectations”

Current share trading activity suspicious? I think so.

Last trade today on IG ... 3.632p .... record low close !!!!

Let BOD do their work somebody said ... and what is their work? Decimate shareholder value?

YorkshireLife, I fully agree with you and share your sentiment.

I do however intend to fight this, do whatever I can. I am not just going to let them have this money, the whole think stings. I am quite a bit down.

The new BOD, to start with, they mislead us by announcing a plan and then RNSing that they started early ... open communication as well ... encouraged a lot of LTHs to buy more shares ... then ...

When stage 1 of the published plan is completed ... he pauses to analyse results which was never in the published plan ... GL had interviews downplaying expectations along with the placing killing sentiment in “managing expectations”.

Unusual trading activity pointing to manipulation ... or a leak to big shareholders that there is a problem? Who knows, but

Market Abuse Regulations require unusual trading activity, where market manipulation is suspected to be addressed.

Angus chooses to ignore all this whilst the SP collapses ... from promising open communication ... they have now gone underground whilst the SP is decimated.

Angus complicit in this? I don’t know, I have no proof, but If this situation continues in to June I intend on putting a dossier together and sending it to the FCA and AIM Regulation asking them to look in to it. They do take an interest in suspected abuse.

Great ... let’s talk about stupid Brexit whilst Angus SP is manipulated in to oblivion.

Where are the long term shareholders?

Three trades from today
500,000 @ 3.75p
1,000,000 @ 3.72p
400,000 @ 3.65

Could these be shareholders selling at a loss?

Volume since 30 April, placing announcement to place 70.8 million shares at 4.25p (placing leaked, previous day close 5.15p):

First day of trading 45.2 million shares between 4.4p and 4.20p.

Then, excluding today, .... ~248 million shares below 4.4p ... ~203 million below 4.25p

SP has mostly been below 4p since 3rd May, 4th day from placing announcement.

Right now, SP at 3.63p, trading range today 3.79p to 3.60p

What happened? Has Angus suddenly gone bust? Brockham a duster? Not likely. Could it be PI’s selling at a loss? Not likely.

Angus BOD should have addressed this but failed to do so. Why?

Are LTHs not bothered? Don’t see this being addressed.

Bid 3.60 -- Ask 3.70

This is not normal.

Market Manipulation is happening and Angus does nothing - this is not normal.and is very worrying.

They are acting as if they want this to happen.

I tweeted twice today and I hope more longer term shareholders do the same. The more shareholders openly express concern the better.

E_AL, what can possibly be the reason for not confirming that the equipment is on order?

Yes, he said 2 to 3 weeks but he also said he is talking to partners about costs etc. What if the 2 to 3 weeks are not from the day he gave the interview but are from the time the talks with the partners are concluded?

We don’t even know if he had these talks with the partners.

They said in the RNS that they are analysing the results before proceeding to the next stage - this means that the order of the equipment is on hold until the results are analysed.

“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.”
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ANGS&ArticleCode=84o6jivs&ArticleHeadline=Brockham_Operations_Update

What do you think is going to happen if we get to the second week of June and there is no update and no equipment sighting?

Whatever politics they are now playing, they need to put them aside and get on with the testing.

We cannot damage the SP by tweeting and asking them to let us know what is going on.

The damage is already done by other forces and apparently manipulation which again the BOD failed to address.
https://twitter.com/yanis_2005/status/1131129778323562496?s=21

I sent numerous tweets on the above as well as asking them questions on the equipment. They are ignoring it so far.

Why such confusion from a BOD that promised open communication? I will keep on asking them until they respond and I suggest others do the same - effing inexcusable for the SP to be languishing down here.

The SP being in the all time low zone, below 4p has nothing to do with Vonk.

This is 100% GL's doing.

We were above 6p before this second placing at historical low leaked causing the SP to drop back to just above 5p, then the announcement that very quickly drove the SP to where it is right now on heavy volume.

What is GL doing?

- Pausing testing for talks with partners, not in the published plan - puts pressure on the SP

- Decides to "manage expectations" on Brockham, downplaying it and consequently killing expectations - puts pressure on the SP

Yes, we are languishing in the all time low SP zone because of current BOD actions.

Baits, it is logical that partners, unlike shareholders, will be informed along the way. Otherwise when something goes wrong that they have not been told of the risks, who is going to pay for the next go.

Alan, if the market hasn't priced in failure why are we sitting comfortably below 4p? Might be market manipulation ofcourse, that is why I tweeted this today

https://twitter.com/yanis_2005/status/1131129778323562496?s=21

Is time we asked Angus directly again, more than 10 days now since completion of stage 1 - plenty of time to analyse results with the partners.

Until they confirm that they ordered the equipment the SP will very likely continue drifting. Open offer deadline is 23rd May, 3 more days and nobody will be taking it up if the SP doesn’t go above 4.25p.

I don’t understand why they don’t order the equipment and confirm that they have done so. Is as if they want the SP to crush.