RE: I don't understand26 Nov 2018 20:19
penceofpurpose, I have been an Angus holder for quite a while now. Bought on the way down from the 30s, and kept averaging down. Been underwater for quite a while, then went in to paper profit, then back under again and so on. I am now in paper profit, but haven’t sold and got no intentions of selling yet, I am looking for much higher gains, there is lots of oil down there, it is now obvious from the HH and Balcombe tests.
Me, like many others are invested here but do not fully understand the ins and outs of oil exploration. We believe what the company is telling us. Was under the impression that all the permits are in place and is only a case of moving equipment from Balcombe to Brockham and switching on the taps. Yes, Is not Xmas yet, but there are effectively 4 weeks left and there is no sign of starting at Brockham. Now the DOD article. Does cause doubt. That is why is important for Angus to, in view of the DOD article, clarify the issue. if not, the SP is likely to get a battering. Let’s face it, none of us knows why we are still waiting for Brockham to start.