Member Info for YorkshireLife

"Yet 2 days later we’re back to the doom and gloom.
Which is it ?"

Mr B... I guess it depends on Willec being "in" or "" at the time of posting - like most amateur swing traders. I say "amateur" because the beginners don't seem to know that folk here can read their posting history - laughable really! ;-)

Still no RNS... Perhaps the Nomad need a memo to help jog Lucan's memory about his shareholder obligations?

I wonder where Lucan and Tideswell aka: Charlie London & Ocelot are today?

I felt sure they would have had some "positive" spin to add to this latest fiasco!

Ja51,

I agree with you. In my eyes, Angus management either:

A) Willfully incompetent
B) Totally incompetent

I find it hard to believe that after such a long delay and after so much "supposed' due diligence and scrutiny by our "experienced" MD... that he managed to miss THREE basic items off the planning submission through his own incompetence... which can only mean these omissions were made on purpose!

Where's the RNS... I would have thought this was pertinent news to make available to shareholders?

Jaffas,

I agree... even Lucan, Tideswell and chums cannot be this stupid! I think this is all a deliberate way of sabotaging the company to enable "an other" to buy out privately on the cheap.

Why else would any "rational" management repeatedly shoot itself in the foot?

Page 5: Extract from George Lucan interview 2nd Oct 2019

"Let’s begin with drilling, allegedly without planning permission:"

G.L: "That’s taking me back well before my time. I’m aware there were major issues with council. All I can say is that I come from a very regulated background myself so whenever I’m dealing with any of these assets I go with special attention to make sure that the regulators are properly communicated with, we hear what they say, and do what they say, because I’ve learnt, 30 years in finance, to do otherwise never works. You can win and sue the regulator. You can appeal against the regulator. Ultimately it comes back on you and you lose and the regulator keeps their job and you don’t keep yours."

So Tidswell c*ck*d up the first time around and Lucan - who apparently has "learnt" with over 30 years experience to properly communicate with regulators... FAILS TO COMMUNICATE with them! Maybe he should listen to his own advice and LOSE HIS JOB?

Amateur Angus :-(

1) "The EA said Angus Energy had not given any details of a flare to be used during the test. The company may need to apply to vary or add to its environmental permits to do the tests, the EA said.

2) "The regulator was also concerned that Angus Energy had not provided details of a proposed permanent drainage liner that could be installed during the extended well test. The liner would need to be robust enough for three years of heavy vehicle movements, the EA said."

3) "The EA said the new application was for a longer and bigger operation than previous proposals. A new or updated HRA was needed."

So, in their attempt at dotting the I's and crossing the T's on their application for Balcombe, Lucan, Tidswell & chums have FAILED not ONCE... but THREE times!

And we are expected to believe that the application (these same "amateurs" have prepared) for Saltfleetby is going to sail through without a hitch!?!?!?

LOLOLOLOLOLOLOLOLOLOLOLOLOL

Ocelot The Optimist,

I doubt the refusal & further delay is going to help the SP tomorrow... whoever predicted 0.50 might see that day come quicker than they imagined!

So...

I guess this means we can now add Lucan's assurance about planning submission delay - being that they were taking time to make sure "everything was done correctly" - to the long list of seemingly endless FAILURES?

This company is managed by amateurs with ZERO CREDIBILITY! :-(

Simple:

Whilst PI's panic sell or die of boredom... the Big Boys and Girls are making yet more money for themselves by trading the dips until they get the nod that news is imminent...

Any doubters, please check out the RNS's and see how many II's have sold in the 19's and bought back in the 18's! It's the way they make MORE money... not by sitting on their hands for months on end - for fear of losing out - like many here!

Yes... and I'm guessing they were both submitted on behalf of management ;-)

TBH I doubt anyone really cares how the BOD respond anymore... 100% lack of trust... and zero faith in their ability to deliver for anyone other than themselves (of course) :-(

True Wealpwr...

I think the Lucanistas have finally given up trying to convince us that Angs is anything other than a money pit! ;-(

Make up your own Angus invisible potion:

One liberal sprinkling of Lucan promises, three teaspoons of Tidswell's toxicicology , and a large bag of RiverFort death spiral funding. Stir thoroughly and wait for your investment to slowly vanish before your very eyes.

It's pure magic!

(disclaimer: not to be undertaken by anyone under the age of 18 )

...or if you want to add another £1,000 then divide that by 3.19 to get the number of shares, then use the same equation

Chris,

Just multiply 4000 by 9.21 and then 1000 by 3.19. Add the two numbers together and divide by 5000. That will give you your new average.

Fair enough Ocelot...

So now remove the money that needs to be ring-fenced & the expected costs for salaries, planning, testing, re-connnection works at Saltfleetby and again all the prep & ground work for Balcombe. Then discount Tidswell's loan - because we cannot be sure that he won't "miraculously" be reappointed to the board just before needing to repay his loan... then add in the cost of the new asset Lucan keeps dropping unsubtle hints about... and the money required by the OGA to prove that we are financially solvent before they grant Angus anything...

And we need - yes, you guessed it: "another placing"!

My guess is January / February time - possibly before if Lucan goes ahead with another asset purchase.

But don't worry: I'm sure RiverFort are waiting in the wings with another dose of death spiral finance to see us through! :-(

Jaffas,

You may be onto something there:

So long as we accept the opposite is true of whatever the BOD tell us, then we should have a good idea as private investors about what is really happening.

1) If they say there's oil - we know there isn't.
2) If they say no more bad news - we know there is.
3) If they say no ring-fencing needed - we know there is.
4) If they give us a planning deadline - we know they'll miss it.
5) If they say fully funded - we know they plan another placing.
5) If they say they have no plans to take us private - ?

JC,

Sorry... just getting bored waiting for "something" "anything" to happen across my entire investment portfolio... LOL ;-)

I agree... the human race is tribal... hence my point: the need to "try' to work together... not fall back to tribalism which will inevitably lead to war. Christ, we even fell out and had a war over bl**dy COD!

There's really no hope if each country puts up barriers and shuns the European Union IMHO... but that's my last word... okay... I'll get my coat too

YL :-)

IMHO... When countries fail to work together in the common interest of their citizens... they just find things to argue about... which then escalates into fighting and war!

You would think that humanity would have learned that lesson by now and realised that "compromise and collaboration" is the only way forward in a world which is much smaller today due to growing affluence and the increased demands of an ever rising population... Instead we have to deal with growing protectionism and rising nationalism... after two world wars for historic reference!

It does make me wonder about the common sense of humanity and the prospect for its future if our politicians and the general public that support them can really be this stupid! :-(