Member Info for Yanis2005

Can you provide a link please?

Brockham should be the priority here and should have gone full speed ahead now. Been waiting to test this since 2017!

This week we should hear about the meeting with the partners and the ordering of equipment, further delays are inexcusable.

Very close now. Obvious from the strength of the bid.

I wish these companies were stock market savvy as well but obviously they are not. If they were, they would have held on to them, but hey their loss.

Now I hope GF comes up with some magic and avoids a placing. This could send the SP in to the stratosphere.

The current valuation is a joke. The market will eventually catch up. Now is the time to accumulate.

We have a bit of headwind from the gold mine shares being sold. Cannot be many left, maybe around 50 more million or so. A couple more good days and they should be gone. Needs little more patience.

No MM games here ... the SP is not moving up because there are a lot of shares being dumped into the market - simple. Frustrating as it might be is the truth. The question is where are they coming from and why?

Neeko, I am with IG too. Haven't got anything either, but it will arrive. Had another open offer earlier on and was completed successfully.

Better finish today than Friday.

Friday finish bid/ask 3.90/4.10, today’s finish 4.00/4.15 on big volume - 13.2 million.

Hopefully seller finished, overhung gone. I hope Angus comes up with an update.

Angus has successfully isolated the water ... yet the SP tanks.

We have a poorly written RNS, stating pause in activity to analyse results instead of ordering the equipment straight away and abnormal excessive large sales in historical low zone.

Angus needs to clarify wtf is going on. I asked them several times via tweets.

These constant sales at historical lows is another issue that Angus needs to address.

Doesn’t make sense - who could be selling at a loss?

I asked Angus at least twice about this but no response.

RA, yes the water is successfully isolated. We know this ... it was clearly stated.

So why are they not proceeding with ordering of the well test equipment and getting on with the test? Why analyse results before doing so? According to Alan there is no technical reason now that the water is isolated to warrant a pause. Rig is gone.

They said they are going to analyse the results (even though there is no technical reason for it) before getting on with the test. SP still tanking - surprised?

Neeko, exactly.

“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.”

This is what has dampened sentiment even more.

Rig is gone. Analyse the results before ordering equipment? Why? What could they possibly find that will make them delay/abandon test or bring the rig back to do something else?

Does not make sense. According to Alan there is no technical reason that warrants a pause. They should have ordered the well test equipment and get on with it as per the plan.

Angus needs to clarify this if we are going to say any appreciation in the SP.

I tweeted them earlier asking for clarification.

So, it is clear then that there is no technical reason for a pause in ordering the test equipment.

No technical reason, then there must be a non-technical reason for the pause (assuming they paused as the RNS implies)

So why pause. Any educated guesses?

Thanks Alan, missed the previous post.

So, there is no technical reason to delay ordering the test equipment and proceeding with the test.

No technical reason for this pause, then they must have another non technical reason. Any guesses as to what this might be?

Alan, my question is,

I f they are happy in the fact that they have successfully isolated the water - they stated this in the tweet

https://twitter.com/angusenergyplc/status/1126823804087558144?s=21

Rig demobilised.

What are they possibly analysing now and what could they find that might stop them from ordering the test equipment? And bringing the rig back?

Struggling to understand this. If you could explain it, it will be appreciated. Thanks.

Pboo,

Thanks, that is what I thought as well with my limited knowledge - I do believe that the test equipment is on order.

https://twitter.com/albaminerals/status/1126781087005515776?s=21

https://www.bbc.co.uk/sounds/play/m0004rbl
Fast forward to 25:45

Gkb, I am no oil expert either, just trying to apply some common sense (mine ha ha) and was hoping Alan will be around and explain.

I would have thought, since the water is isolated, and they already said they will not know whether the well is commercial until they flow test, they could be doing the logging analysis, if that is what they have in mind, whilst the equipment is arriving? 14 days lead time in the plan. Would analysing the logs tell them now that there is no oil down there and not worth continuing? - I don’t think so.

With my limited knowledge and my common sense I cannot see a reason.

I am still hoping Alan or another expert will clarify this. Thanks in advance.

Gkb47, they did say in their last tweet that they are very happy they have successfully isolated the water.

https://twitter.com/angusenergyplc/status/1126823804087558144?s=21

So what else are they looking for in the analysis? They cannot bring oil to surface until they install the test equipment.

I cannot see what exactly they will be analysing if they are confident that the water has been isolated. I think the test equipment is already on order.

The hypothesis that Doriemus or Alba selling their Brockham share may or may not be true.

But, it does not answer the technical question;

- what kind of results could they possibly be analysing?

At this stage, without the test equipment installed they are not allowed to bring oil to the surface and they are very happy that they have isolated the water.successfully.

So, what else (technical) is there to analyse before moving to next stage? Which is installing the equipment and starting testing.