Member Info for YorkshireLife

Seems pretty clear from the SP and investor apathy how The Market has reacted to Anguish Energy so far.

Expectations of delivery have fallen off a cliff - like the share price - since Tidswell's coup! cannot argue with the facts, Ocelot... although I know you'll do your best! ;-)

I just don't like to re-invest in companies that appear to reward dishonesty & failure... and neither does the market!

Tidswell is still a director & pulling Lucan's strings (and will no doubt worm his way back onto the "actual" board in 2020... fully forgiven by the BOD for his sins.)

At that point Anguish Energy is "officially" a lost cause... because we will have final confirmation that this is just a lifestyle company!

The solution has always been very simple:

More management buys & a substantial share buy-back program to kill the shorters in their tracks. This is precisely what NMC are doing right now...

It's NOT rocket science!

...and as you, me, & every investor knows: the wrong ONE still remains!

No recovery of market trust and no chance of ANY operational success until Tidswell's gone for good!

There's certainly a profit in it for the directors of this lifestyle company... they're still drawing their large salaries as far as I'm aware, despite presiding over REPEATED FAILURE.

As for the rest of us: 95% crash in SP since Lucan took charge (Under Tidswell's direction). If you still have faith after what's happened - then you are definitely in a minority.

Very High Risk Investment - for very little return - for the foreseeable future - IMHO!

Ocelot: "JT-P himself didn't fully understand its implications."

Nor did he seem to "fully understand" the need to answer investors, The Bod & The Market "HONESTLY" when asked if he had sold any shares. We only got a confession forced out of him when the "truth" emerged later!

Let's not forget that he was found guilty by the relevant authorities & expelled as a consequence! No clearer proof needed that Tidswell was caught red-handed.

Trust is only earned by actions - IMHO - and so far Tidswell's actions have "Proven" to be FAR from trustworthy! Which sadly means that we cannot take anything this BOD say at face value whilst the man who appointed Lucan is still pulling strings from the back office!

Ocelot,

Tidswell loaned his shares to a third party (and denied it!) the third party were then caught selling them on - when the SP began to drop (as a consequence of shorting by the third party).

This info never came to light until very late in 2018 when Tidswell was "rightfully" IMHO dismissed from the BOD by Vonk & publicly reprimanded by the authorities. Let's not forget that he even lied when asked directly if he had sold his shares... and only acknowledged this fact when proof emerged!

This series of events set up what was to follow: i.e: Tidswell's vindictive battle to restore himself in control and to oust Vonk - regardless of the effect this would then have on the SP... the consequences of which have been disastrous for investors & decimated shareholder value.

If the foundation blocks of a successful business are: double-dealing, deceit, disaster and delay... then we should be on to a winner here with Anguish Energy!

Ocelot: "2019 will be seen to have been a crucial year, when the foundations were laid for its future prosperity."

So let's have a round up of the facts shall we:

1) Tidswell is caught red-handed loaning out his shares to short in a closed period & is reprimanded by the authorities and loses his position on the BOD as a consequence... Angus lose Market and investor credibility!
2) Tidswell organises a coup to oust Vonk by replacing him with Lucan - crashes the SP as a consequence and destroys market and investor confidence.
3) The BOD "finally" report that Brockham is a duster and crash the SP, and what's left of market and investor confidence.
4) The BOD reverse the funding decision by Vonk - only to later replace it with RiverFort Death Spiral Finance arrangement - further damaging the SP.
5) The long delay in submission of the planning application for Balcombe is put down to the BOD crossing the T's and dotting the I's... only we later find out that the EA have rejected their paperwork on three major errors and omissions... delaying the application yet further.
6) "Some" Investors presume the company will need more funds as a consequence of the purchase of Pound-Land Gas field (Saltfleetby) but are told no ring-fencing will be required. The BOD later change their mind and tell us that they will be ring-fencing as a sensible precaution.

Well, if that's laying the foundations, Ocelot... I dread to think what's going to happen when the real building work begins!

"I think even JTP could have got the Portland to flow at HH - he isn't a complete incompetent"

Not so sure, Mirasol, based upon his current success record: i.e: Zero!

There again, I guess even an idiot gets lucky some day... but should a supposedly competent management still be offering that idiot employment after such a long string of failure? (Another reason I am convinced Tidswell still pulls the strings here - who else in the right mind would employ him after his 100% record of failure!?!?)

We can all live in hope!

My Christmas wishes:

1) Anguish actually achieve "something" "ANYTHING"... for once in their history!

2) Tidswell leaves for good (company trust would start to recover on this move alone... as would the SP)

3) We can "genuinely" draw a line under the past and move forward with renewed confidence that LTH's might yet see some of their investment come back out of the deep RED we have been used to for soooooooo long!

Seasons Greetings to all "genuine" investors

YL :-)

Just to add:

I also think UKOG's success at HH is sadly another shining example of why Angus will NOT re-rate on any success at Balcombe. UKOG have been producing oil for well over a year there now and - due to the on-going drilling & production costs & time taken to prove up their find, they have needed placing after placing after placing which has decimated their SP.

Angus are only just embarking on the same journey... they are like UKOG two or more years ago and have a long long LONG way to go before Balcombe will be given any value by The Market.

SP therefore has a lot further to fall back before any sustained recovery IMHO. Expectation and promises only create brief trading spikes - we need proof of concept & measured independently verified oil flows to really generates lasting value here.

Hi Ocelot,

I am deep underwater here and have considered averaging down (again) from time to time... but everytime I am on the verge of pressing the buy button... Angus drop another bombshell on investors and the SP does yet another nose-dive.

Having "in the past" been Bullish on Angus based on expectation and promise - I now remain bearish until "something" is actually proven up...

Today - after consistent FAILURE... management of this company have zero credibility and zero trust!

Nothing they say can be taken at face value... only actions on the ground and factual evidence will change sentiment and encourage me to invest here again.

Gkb47,

Yes, I think permissions for Balcombe will not be given overnight... and sadly, based on ANGS past record, the only well to have been truly successful to date was HH... which Angus sold off to UKOG because they didn't have the expertise to get it flowing!!!!!!!

Hardly confidence inspiring that we are "still" employing the same amateurs :-(

Does someone need to remind Tidswell that he's running out of days in 2019 to repay his loan (in line with George Lucan's assurance to investors on the company website)?

02 OCT 18!!!!!!!!!!!!!!!!!!!!

If it was so promising... why did they flag up Brockham first... and why have they left it so long?

If alarm bells are not ringing in your head... honestly... they should be!

Amazing how fast the negative rumours start to circulate - the precise moment the SP starts to recover... LOL

Sounds like shorters & those who've sold out trying to manufacture a retrace to me... a little too convenient a coincidence otherwise.

YL ;-)

Crocqman I admire your optimism ;-)

Having messed up Brockham (which was supposed to be the company saver 2018 - 2019) we have now "effectively" been told that our second (longer term hope) Balcombe might produce "something" to add to cash flow if successful!

So now we have Saltfleetby as the third (and last) prospective company saver that doesn't look likely to be fully operational and "hopefully" profitable until very late 2020 at the earliest...

This isn't a serious investment case... it's just a last ditch shot in the dark IHHO

Strange 2nd RNS!

Seems Lucan is keen for us not to be too pessimistic on oil flow expected from Balcombe - and yet the comparison he mentions is 200-300BPD. What he fails to point out is that Angus only get 22% of this figure... so 60BPD to us roughly!

Is it really worth it? Looking like yet another Lidsey to me... if flow rates are not a whole lot higher, then the cost of getting this into production including meeting planning regs will simply absorbed the revenue generated leaving behind a pathetic profit margin.

Clearly we cannot rely on Balcombe to shift the SP!

And there we have it: 18K sell just after the bell!

RiverFort YA no doubt? Predictable as clockwork!