Member Info for YorkshireLife

Impeccable timing Will.

Well done!

YL ;-)

Steptoes,

Just a polite suggestion:

but as a newbie yourself (27th Dec 2019) you really just need to show a modicum of respect for the genuine investors who have been here for many years (in many cases) and seen dilution after dilution first hand across The Weald players.

I'm sure you can appreciate their frustration when someone new comes along quipping endlessly about the "so-called" golden opportunities here - when many of us have heard the same old empty promises for as long as we can remember.

Listen to what LTH's have to say and digest some of their comments first - as they obviously have infinitely more experience of management here than you do.

Given time... I'm sure you will make many worthwhile contributions yourself too?

Very best regards,

YL ;-)

Ja51,

Definitely, "order it hoping for the best..." If Tidswell had anything to do with the decision... then "hope" there was a second hand market through E-bay when everything went pear-shaped!

YL ;-)

Well played Hopeingmore.

Yes, it is my understanding that Argentina can have their international assets seized in full payment - if the court ruling goes against them and they refuse to pay. Due to the negative PR and international relations I think a full agreed settlement is far more likely.

Of course any RNS notification of a court / out of court settlement with Argentina will instantly light the blue touch-paper here! Compensation for LTH's and a welcome bonus for new investors at these levels.

GL A

YL ;-)

Mr008: "the routine elimination of water ingress"

I look forward to seeing that. Perhaps they could show ANGS how to apply the same technique at Brockham (whilst they're at it ) as it didn't prove quite so "routine" for them to solve!

YL ;-)

They are well under the 5% reporting threshold by now.

My guess as to how much is that BUR's decision to buy-in now might be to clear the last overhang... but I am just guessing.

I do expect a turnaround though. Way undervalued - given their profitability - and shorters eventually lose enthusiasm when a bottom is reached as there's little further money to be made.

By contrast, closing out and riding the SP back up can be another useful means of generating income... I've already seen this happen many times with another share I follow: IQE.

YL ;-)

Poundland does have some bargains - from time to time - it's true.

As for Anguish's Pound Land (AKA Saltfleetby):

Q: How many successful international companies do you know who are happy to give away a "supposedly" valuable asset for £1 and even throw in over 2 million in cash as a sweetener to cover abandonment costs to an unconnected third party?

A: No... I don't know any either!

To say I'm deeply sceptical about the profitability of this "venture" would be a huge understatement.

YL ;-)

Gkb47...

If's, but's & maybe's ... the fuel of Anguish Energy!

Do you think they might like to buy this as a company slogan?

YL ;-)

Ja51 "Strange as Toxic gives a completely different story regarding Gas to Wire at Brockam than that given on the investor question page."

Now why does that surprise you? LOL!

YL ;-)

Balcombe:

Months away from possible proof of concept and estimates are for 300BOPD (with a caveat that the BOD are optimistic of improving on this figure) What they don't tell you, is that we (Anguish Energy) only get 25% of this figure - as we are operating in a partnership with Cuadrilla. So even if they manage to produce 800POPD we still only receive 200BOPD. Unfortunately production and operational costs would mean that it would be unlikely we would make any significant profit... or the SP would re-rate on such a low production rate.

Lidsey

Low production rate with increasing water cut. Will probably need to be abandoned at some stage if water cut continues to increase and production drops further.

Brockham

Complete disaster. Hoping to sell off... but after confessing that it would be unlikely to prove commercial... it is difficult to see who would now be prepared to pay anything worthwhile for it. If they don't... we have abandonment costs to absorb here too.

Saltfleetby (AKA Pound Land)

Even Tidswell has admitted in interviews that the process of re-connection with the National Grid can take up to a year... and this is before we even have planning regulations approval. If we see proof of concept here by end of 2020... it will be both "a first" for Anguish Energy and a Catholic Church approved "miracle" IMHO.

YL ;-)

Well done Will.

I'm sticking this one out. Nearly sold off a few today for a small profit, but still see plenty of upside here and feel that the the only thing holding this back now are the shorters. Once they realise it has bottomed out, they'll find somewhere else to make much faster / easier money.

GL A :-)

As for shorting: LOL!

Anguish shorts itself without anyone's help - even you should know that by now - everyone else seems to.

YL ;-)

I doubt I have had any detrimental affect on your investment since Christmas 2019, Steptoes... bought in at under 1p... price hasn't moved as far as I'm aware?

YL ;-)

Steptoes, you'll have to forgive us LTH's,

But it's difficult for us to take "newcomers" here seriously - either because they seem misinformed about the company's recent history... or else they seem so well informed as to insinuate that they have been here before under "yet another" name.

Now which category do you fall under... mmmm... I wonder?

YL ;-)

Steptoes,

I may be many things... but a pumper & dumper?!?! LOL ;-)

I did my research like everyone else and made the mistake of trusting management... excuse me if that's a crime.

As you rightly point out: the SP is less than 1p - so maybe worth a punt for a newly incoming breed of pumper & dumper - if you know of any genuine ones?

YL ;-)

Steptoes,

You keep blaming Vonk.

If you had been around since before "Christmas 2019" you might know the truth:

It was Tidswell's coup to be re-instated that was the nail in the coffin for the SP here, as it destroyed ANY faith and CREDIBILITY this company had.

Appointing Lucan (a man with no oil & gas experience) just to get even with Vonk - at a most critical time for the company - was vindictive / plain stupid and most likely BOTH!

And - sadly for investors - Tidswell is still happily pulling his puppet's strings. What more disaster, dilution and double-dealing can we expect :-(

Steptoes,

My apologies - I see you cannot take a joke

YL ;-)

I don't need to defend anything. I stand by my conviction that Anguish is either a scam or the BOD are totally inept.

What more proof do you need than the current share price and a 95% crash this year alone? Maybe they can dig themselves out of a hole... but I don't think they will do it without paying for more shovels first!

Steptoes:

"YorkshireLife, your assertion otherwise isn't backed by any evidence, other than a throwaway line at an Angus meeting which has since effectively been discredited and retracted. Equally, if the net flow to Angus (25%) is no more than 75 bpd, where do you see the value that incentivises the management to take the company private? Your thinking just doesn't seem to add up..."

Hi Steptoes. Here 's Lucan responding on Anguish website Investor Questions 19th Nov 2019:

"Horse Hill, which has a vertical well, has been flowing oil from the Kimmeridge at rates of 200 – 300 BOPD and being very conservative we would expect to match this. Given, as you correctly note, this well is a long lateral, one might expect rates to be 2 – 3 times higher than that of a vertical well and so we would certainly want to exceed the 300 BOPD rate, however, until we test the well we simply do not know for certain how the reservoir will perform."

Now I appreciate, Lucan says one might expect rates to be 2-3 times higher... but they do not know and also add "We want shareholders to have understanding of our reasonable expectations but would also, as a company, prefer to surprise on the upside rather than overpromise and underdeliver."

The fact that they have repeatedly done the opposite - should lead any savvy investor to say: "I'll believe it when I see it!"

As for my assertion about taking the company private :

If there were a small management buy-out - having bought the assets on the cheap - Anguish could then sell off Balcombe to Cuadrilla and concentrate on getting the gas to flow from £1 Land. They might also sell of Brockham and Lidsey at some later stage too. Economies of scale would undoubtedly mean that they would "personally" profit by exploring this route and it certainly seems to justify the SP crash over the last year since Lucan took over.

The question is: was the SP crash intentional and Anguish Bod have other plans they are not sharing with us... or are they just serially incompetent and this has happened as a direct consequence of their poor management?

Now I personally don't see this as "muddled thinking" on my behalf... it's simply a long term investor asking pertinent questions of company management. However I do appreciate you are fully entitled to your own opinion & I respect that.

Best Regards,

YL ;-)

I still think Anguish's Plan B (yet to be confirmed with PI's) is going private - with the assistance & approval of a few large shareholders (Tidswell / Rupert / ?) & the old boy's network.

I seriously doubt Balcombe will produce over 300BPD and we only get a 25% slice of this anyway... so it will not make any difference to our company finances.

Saltfleetby (as others point out) is too far down the time line to help liquidity, and likely to prove nowhere near as profitable as Lucan's "optimistic" projections IMHO anyway.

Take a look at FRR or SSX for a window into what is "likely" to happen here: Optimistic projections and jam tomorrow promises annihilated by a lack of liquidity & damaged investor trust. Subsequent fire-sale of assets and P.I's get sh* ft*d as usual. Sadly this is the way of AIM - far more often than the rainbow at the end of the long dark tunnel...

... and Anguish has been nothing more than a long dark tunnel for as long as I can remember!

YL :-)

Woodford Fund were selling off and MW and others (Gladstone etc...) still continue shorting, so there has been more downward pressure than I anticipated. Could also be a few II's repositioning to make up some of those losses from the highs of last year.

This cannot continue forever though & with BUR clearly setting out a strong future and backing this up with buy backs of their own... just a question of time & patience before this is back above £8 IMHO...

My intention is to take some profit above £8, but leave the majority to see where we head later on in the year as the new US listing starts to take shape.

GL A :-)