Member Info for Yanis2005

Stated “Angus Energy (AIM: ANGS) is pleased to announce that the rig has now been demobilised. Additionally, having set the plug, and function tested the downhole pump we believe that we have, as planned, successfully isolated the water zone without bringing hydrocarbons to surface. This is in line with our timetable of works as published in RNS of 3 April 2019.

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.”

The Angus tweet stated that they are “very happy to have successfully isolated the water from the well”
https://twitter.com/angusenergyplc/status/1126823804087558144?s=21

What do they mean by ‘We will now analyse the results with our partners before ...”.

If they cannot bring out oil without the test equipment in place and they believe that the water is isolated, what results are they going to analyse before proceeding to the next stage? Alan?

Nhawan, agree. The water must have been isolated or they will still be there. Tomorrow’s RNS will be interesting, I hope they have some pleasant surprises for us.

RA, that is a legitimate question.

The price action does not make sense at all - where are all these shares coming from? Who is selling these large volumes at historical lows?

Normally these volumes would have seen the SP go up in pennies, dozens of millions sold at 4p and the SP is not shifting. Bear in mind that the placing is at 4.25p !!!

If this situation persists tomorrow, I suggest we all start bombarding Angus with emails and tweets.

Does that mean rig is coming down next?

MaltLoaf, I am not an expert on this. However, previously they perforated from 960 metres down to 1155 metres, a length of 195 metres.

Now they re-perforated from 988 metres to 1044 meters a length of 56 metres.

They didn't really explain why they reperforated from 988 to 1044m MD, what they said in the RNS is "in order to establish the best possible communication with the fracture system present in the Kimmeridge Clay Formation". Maybe, and this is just a guess, the previous perforation was not successful at this section.

The pay zone could be a lot bigger than the 56 reperforated metres plus the 28 metres previously perforated on the top of that. The plug could have been set anywhere down to the 1155 metres depth. Alan was expecting the plug to be set at the bottom of the well.

Bladehater, you are correct,didn’t read the RNS, just read it. Yes, is possible.

Before end of June, within the next 8 weeks! OUTLOOK This coming year we expect to hit key milestones on our projects, not least: · at TBS, where we expect to release the results of the maiden mineral resource assessment this quarter;

Bladesharp, very good point.

Is in a previous RNS
https://www.investegate.co.uk/angus-energy-plc/rns/brockham-well-test-update/201902040700059128O/

Previously, they perforated from 960 metres down to 1155 metres. Perforated a length of 195 metres.

Now the re-perforated from 988 metres to 1044 meters. Re-perforated a length of 56 metres.

It does not mean that the pay zone is 56 metres just because they reperforated 56 metres, as some have suggested.

The plug could have been set anywhere down to the 1155 metres depth. Alan was expecting the plug to be set at the bottom.

The pay zone might be a lot bigger than the 56 reperforated metres plus the 28 metres previously perforated on the top of that.

Looks like we are still in for a possible above expectations flow.

There is no way Alba will sell their stake in HH or Brockham.

GF is on the HHDL board and Alba hired not one but two oil specialists in the team.

You don’t hire oil specialists and then sell the oil assets.

The oil assets are amongst their most valuable possessions at this time and will help Alba growth.

who sells a good business for £1?

If it is production tubing going in, does that mean the water has been isolated? or is water isolation after production tubing installation?

You know what they say ... follow the money.

Wolf, not all of my top ups have been on the wrong side of the trade ... most of them lol.

But I will be topping up again tomorrow ... after today’s top up. And I am sure, today’s and tomorrow’s top up will be on the right side of the trade :(

Wolf, You are right, not this month. Will be 6p+ next week.

https://www.youtube.com/watch?v=Y3xnW-IN1GA

https://twitter.com/albaminerals/status/1123244125648773121?s=21

Too many placings over the last few months and this one as we are about to flow Brockham is completely inexcusable.

Bang on Angus door and complain on mass. Let them know that they cannot carry on in this way, they completely destroyed the share price ... this is not adding to shareholder value ... is destroying it.

They will have to issue an RNS tomorrow.

https://twitter.com/davidlenigas/status/1122939799588036611?s=21

if I didn’t believe that Angus will recover (and very soon) I would not be wasting my time hanging around here!

I just don’t understand some people.

No stock goes up for ever, AIM or not. Many stocks on the main market have the same up and down turns as Angus.

I am here because believe that the Angus SP will recover and very soon ... 7th May at the latest, but news of successful water isolation could land any moment now. I will be topping up again tomorrow, hard not to at this price.

There has been a transformational change in Angus since Lord Lucan took the helms. A positive change.

Good team in charge and appears to be very thorough, apparent from the way this stage 1 works at Brockham are carried out ... steady and safe. Vonk ruined market trust but these guys will soon re-establish it. The market will soon catch up with this transformation but by that time the SP will be running up.