Member Info for Yanis2005

As per the 15th March Angus tweet, approval is expected within 3 weeks ... guess what? this week is the 3rd week.

Expect approval RNS anytime now. We could be about to gap up, chart looks great . Seat tight :)

When the separation of water from the oil is confirmed the SP will be much higher. Personally, I am happy to be in at this stage - upside compared to downside is considerably better., but each to their own.

Winx-1 COS was 20% - 30%

You cannot compare Angus with RMP

The Weald has oil, we know that already and the chance of success at Brockham is very high ~100%. Chance of success for RMP at the wind-1 drill was only 20%.

Well, in my last post a few days ago I said if we are to go higher we need a close above 3p.

We didn't close above 3p so we are not going higher. RNS today spooked investors.

The SP is in all time low territory. How low will it go? No idea.

Gkb,

AGM : http://www.angusenergy.co.uk/wp-content/uploads/2019/03/13C_AGM-notice-2019-final-003.pdf

Second Item down
http://www.angusenergy.co.uk/media/news/

Bag_of_Sand, before you can run you learn to walk.

This placing was completely unnecessary. He should have concentrated on HH for this year, get the drills, get the production license, produce more oil, get the CPR out and the SP up before going shopping.

Harts, yes at some stage, in all likelihood, they might need money because it will take a while for Brockham to kick in and we don’t know how much money is in the bank.

I don’t believe is going to be as early as April/May though, but either way if they go for shareholders rights (to be approved at the AGM), when they need to place they will offer the shares to existing shareholders directly via the nominee account. Offer them on a percentage based on existing shareholding. Shareholders decide whether they take them up or not, if not then they are offered to others. In most cases all shares are taken up because is a good deal.

Additionally, by the time they raise, if they need to, the SP should be a lot higher from where it is now.

However, I do not anticipate a raise any time soon.

Harts, are you assuming that Angus needs more money right now and a placing is imminent?

We don’t know this, what We know is what he put in the AGM RNS ... going for shareholders rights. That means if there is a need for a placing, you do not go to YA or Bergen, or the open market ... you go to the shareholders first. It gives preference to and benefits existing shareholders. You want to see how that works? Check out MPL.

Gkb, Exactly!

There is absolutely no chance of this BOD going back to YA or Bergen.

Watch for shareholders rights coming up at the AGM.

Very bullish finish ... hammering gap no.2.

Should be almost filled by Friday.

Not long now before the SP is in double digits.

Did you ever hear of the saying “Learn to walk before you can run”?

There was absolutely no reason for the placing, he should have concentrated on HH and the new drills for now.

Get into production with increased oil flow, increase the share price, which would have rocketted when the CPR comes out and the production license is in hand... and all this was meant to happen this year.

Really fed up, no consideration for the shareholders. Then again what do you expect when he has no skin in the game at all?

Ukog RNS just out.

The placing rumors were true, but figures were wrong - raised £3.5 million at 1.05p.

Ukog now has 6.05 Billion shares ...

Ouch ... what happened to the "FULLY FUNDED"?

But concourse ... SS has no skin in the game!

No more YA (or Bergen).

Are the new BOD actions so far indicative of somebody that is going to go back to YA for a loan? - NO.

There is a vote coming at the AGM on shareholder rights - means that any new issue (if one is required) will give preference to and benefit existing shareholders.

Alba selling will be a big mistake ... the Alba SP will crush further if this happens.

I do not believe for one moment that Alba will sell their stake in HHDL or Brockham and I wish people will stop hypothesizing about this.

Alba not only values and relies on their stake in HHDL and Brockham, obvious from GF interviews, they also hired 2 oil consultants - does this look like a company that is about to sell their stake? -- NO.

If anything Alba might try and increase it, but I hope not, now is not the time - SP is too low.

On the contrary - Not disappointing at all! Excellent finish.

Fundamentals are great and so are the technicals - chart looks great.The SP is pulling the Bollinger Bands up, opening them to a higher SP, overstretching them, very bullish. Looks like the next gap could be closed by Friday.

Tomorrow we should move higher, volume today arrived in the last two hours and was high in to the close. Good buying interest which should continue tomorrow.

FOMO is starting to creep in ... double digit SP soon — Rig contract signed, equipment to fix the water issue is at Brockham ... OGA/EA permit expected soon ??????

EPC received ... received late ... we are now considering all options for the development of Kola.

That is what the RNS said.

We have been waiting all this time for the EPC, we got 8 lines of text telling us the above.

If the RNS was intended to say that the EPC was received, why not simply say that ... we received the EPC and are now evaluating it.

Obviously the market was not impressed ... SP dropped ... Reason? - Poor RNS.

Poorly written RNS :(