Member Info for Yanis2005

Adam Habib ... Salim Habib ... and ... Adam Salim Habib ... are not necessarily the same person. The latter is the one named in the RNS.

Baits, tell your trading company (mine is IG) to vote your shares any way you want. They should do it for you. We cannot vote because we have nominee accounts.

As per the RNS, this is what Tidswell did to start this shenanigans - HSBC Global Custody Nominee (UK) Limited

Seriously?

For a start, the option of Tidswell in is not on the table. The option is for Vonk or Lord Lucas and Mr Habib and none of them has any oil experience. The former is a banker and the latter has been involved with a number of liquidated (dissolved) companies - https://beta.companieshouse.gov.uk/officers/sbiIiyyNMa6pRWqPVpxoqjmfDbA/appointments

Are these really the people you want at the helm, with Tidswell driving behind the scenes (which would be illegal)? The market was not impressed, hence the SP punishment.

Tidswell srewed up by bringing up this challenge at a pivotal point, self centred and completely unnecessary. Instead of the SP heading for high teens is down to single digits and this is Tidswell’s doing.

Let’s not forget the America2030 affair - Tidswell illegally transferring his shares at “nil consideration” to a company run by a 20 year old who subsequntly damped a portion of these shares on the market driving the SP down to 4.5p.

The Bergen financing to buy into Balcombe was done at a convertible price of 4.5p, thanks to Tidswell/America2030 fiasco that drove the SP down there.

Is this really the guy that you think will bring value to your shareholding?

Vonk may have his faults but he is the best option for SP recovery.

Gkb, I hope Vonk/BOD calls for the GM immediately before the Brockham flow news.

If thisTidswell fiasco is not sorted out before the flow news the SP will not appreciate, good news might produce a little spike but it will not last, it will be short lived because the market will still fear that Angus might be rudderless after that.

On the other hand, if we have the GM and Vonk is confirmed, Tidswell gets fired, the fear of rudderless Angus will evaporate immediately and the SP will increase significantly (to above the 12.15p conversion price).

Good flow news then will propeller it further up in to the 20's and beyond, where it should be.

Vonk may have his faults but the possibility of two people with inadequate oil experience, one of which was a director in numerous liquidated companies, replacing him is frightening.

Today, well above average volume was traded, 40 million shares, and the SP dropped 2.35p or 21%. Obvious run for the exit and price action towards today's close indicates that is not over yet, the SP is likely to go lower.

The reason for this SP decline is not the financing, the conversion price is at 12.15p, well above today's close.

The reason for the run to the exit is the Tidswell shenanigans, he is responsible for this damage (and let's not forget the America2030 affair) to the shareholders. The market fears that Angus will be left rudderless if Vonk is replaced.

Unless this shenanigans is sorted out and Tidswell and his two nominees are gone and Vonk is reconfirmed in his position, even exceptional results will not help the SP, any gains will be short lived.

Angus needs to call this GM urgently, asap, next week if possible and have this sorted out, with hopefully Tidswell getting fired.

Then and only then will the SP appreciate on good news. iMO of course.

SP bottomed out. Now we want to see JPT fired from Angus.

I hope the BOD calls this GM asap.

If Vonk doesn't wake up and issue a proper update, or even a positive tweet, you might be able to add some more at a much lower SP

I hope the interest continues, we should be close to news.

Looks like there aren't many shares available for sale. Absolutely amazing considering the magnitude of the share issue. It appears that the extra shares went to very strong hands. I am glad I averaged down and took all of my open offer up, I am now in profit. GLTA.

Somebody loading up, but limited shares available, good sign. All the new shares are in strong hands, nice to see the hefty L&G TR-1, instills confidence. Nice move up on relatively low volume. Hopefully the long awaited news of customs approval and setting up at the port will land soon.

Tony, I don’t know whether is deliberate or not but you seem to misunderstand the meaning of “non-issue”.

As GoBIGorGOHome has explained, the generator units are modular and more units can be added as necessary in order to convert all produced gas to electricity.

By “non-issue” means that ALL the gas that can come out of the well can be converted to electricity, it does not men that it can be flared as is the case currently at Horsehill (under prermit ofcourse).

Let’s hope for an update very soon, otherwise the MMs will be accumulating a lot more shares at lower SP.

We got the BOD to thank for the SP weakness. Let’s hope that they used this holiday period to polish up their PR skills. Shareholder communications need to be improved.

Good post gkb47.

Going to be a good strong finish today. Volume is just arriving ...

Alan, thanks for the explanation of the FDP flowrates, has nailed it - it is clear that there is no flow limitation issue. Excellent posts, we are lucky to have such an expert on board. Thank you.

Gkb47, good post.

Yes, excellent post. Explains this very clearly and does put this FDP matter to rest. No issue here. Nice to have an expert on board. Thanks Alan.

Chambers, the promise to turn the taps on before Xmas is broken and that is why the market reacted so badly.

Based on what PV has said, i.e. moving from Balcombe straight to Brockham (Brockham start is already over a year late) ... and at the beginning of November saying that he will switch Brockham on within 2 weeks, but in any case before Xmas ... we were all expecting to see oil at the surface at Brocham before Xmas. The market was expecting this. Put your hand on your heart and say that you were not expecting to see oil at Brockham surface before Xmas.

Starting the test and switching the taps on (in any language) do not mean the same thing. When the taps are switched on normally liquid comes out. When I switch the taps on at my kitchen sink water comes out.

PV didn’t switch the taps on at Brockham, he installed some plumbing, maybe installed the taps too, but did not switch the taps on. He left the taps closed and decided to take a holiday.

The market was let down and responded accordingly.

Chambers, Vonk didn’t promise to start begore Xmas, he promised to turn the taps on - this promise is broken ... and the market spoke.

Baits, not necessarily. Remember SS and BB? IMO they should have clarified in the RNS why they were shutting down. Had they done that, the market would not have reacted that bad.

Baits, personally, I am really annoyed with the communication that comes out of the Angus BOD - it really is bad and the SP is suffering because of it. Genuine investors should make that clear to them. They need to treat investors with respect.