Angus Energy Share Discussion Threads

[jtidsbadly] 18/2/2021 09:33

In the absence of news or comment, Here’s a short update to last month’s epic poem..

And now at Scout Lane Clapham, the new boys on the block
Can add the sound of silence to the ticking of that clock;
Lord Lucan’s Trappist vow is a mystery to his backers
But to patient small shareholders it’s a sharp kick in the knackers.

[jtidsbadly] 17/2/2021 16:28

...or Waffle, Quaff and Scalp plc.

[chickndinner] 17/2/2021 12:12

If they cant get the 12 million loan where do we go from here?

Maybe they can change the company name to Bodge it and Scarper.

[jtidsbadly] 17/2/2021 11:15

JA51: didn’t they ensure that the conversion price of the Knowe 4% loan remained at 1p? It was an incredibly generous loan, why did Knowe do it? Angus were looking for £12mm. at the same time. Were Knowe aware of this?

[ja51oiler] 17/2/2021 09:25

Of course, they could be keeping information restricted to cover the forthcoming news flow. Always handy to release a good news story to cover a disastrous annual accounts RNS for example!!..... They have form for it!

It's going to be a busy few weeks!

1. Aleph announcement whatever it may be.

2. Balcombe planning (possibly if the meeting goes ahead not sure it will as they are still getting replies from consultees)

3. The annual accounts

4. Brockham licence runs out "Again" 2 six month extensions already.(Doesn't look like Dor have paid that money either does it? Still on the licence. Brockham Capital look like they would struggle to fund their 10% for Cement log bond or De-Comm looking at companies house last accounts.

5. The discredited CPR anniversary.

6. A year since they started the search for the £12 Million.

7. A year since they produced any oil.

8. A year since Balcombe Oil Field Planning Application went in.

9. A year since Knowe Properties Limited dropped their stake to 7.5% before lending them that £1.4 CLN.....Is it convertible at 0.6p do we think?

[jtidsbadly] 17/2/2021 08:44

..or perhaps the water in the trench froze solid and all those joins in the pipelines need re-resting. Or Jacques Clouseau, whom they called in error, questioned the validity of the leesanse fur the peeplarn. Or they’ve run out of money. They really should have got Halliburton to do it. It would have been cheaper.

[ja51oiler] 17/2/2021 07:50

Chick...Who knows?

Covid on site would have been possible! Not three weeks though!

Contractors have commitments elsewhere!

Project on hold whilst money borrowing negotiations has been delayed!

Problems with the integrity of the 4-inch pipe they were testing!

They ran out of the 10-inch pipe. They said in the RNS it was only 150m but the PP says 350m!

The site Archeologist discovered a longboat in the trench!

The council have pulled them up for putting the road to nowhere in, as it's not on the PP!

---------------------

3 weeks without any updates should worry everyone though....especially those "Investors" Aleph have lined up


They need to hurry up though as the planning permission restricts surface works from 1st March due to nesting birds.

[chickndinner] 15/2/2021 20:09

Does anyone know if any works are happening at Saltfleetby lately?

There seemed to be a lot of pictures and videos of progress leading up to the last placing and then nothing since 26 January with the last picture of a long muddy track.

Was that posted on purpose to say we can see you coming or is it a road to nowhere!!!

[jtidsbadly] 15/2/2021 19:08

The report and accounts are normally out in the first week of March (in 2016 it was end-December). Will these be delayed, would you say, to co-incide with the accounts of their Poundland partner, SE? They should make interesting reading.

[jtidsbadly] 15/2/2021 16:59

I see the latest Q&A lists two of LLtm’s questions, heavily Bowdlerised. I’d be miffed if I were him, his original questions were better.

[clottedq] 15/2/2021 11:31

Sheriff,

Yes... I agree. Good call.

Ocelot's unflinching optimism impresses me the most: after so many wrong calls on U-Dog and Anguish over the past years - as both SP's plow their furrow ever downward - you would think he would give in FINALLY and admit defeat?
But he's having none of it... IMHO he'll still be smiling & posting the good news as the liquidators start emptying out both offices.

CQ ;-)

[jtidsbadly] 15/2/2021 08:30

JA51: no, I’m not expecting anything remotely close to £12mm. A sum matching what they raised in the recent placing is more like it. Any lender would need to have some confidence in Angus’s management(!) and to be very bullish on gas prices, medium-term.

Exciting, isn't it?

[ja51oiler] 15/2/2021 07:28

JT
I cant see Riverfort getting involved with anything near £12 million.
If you check their recent RNS's they mention having around £3.5 Million to invest.

They also chose not to lend the last 2 Tranches of previous CLN back in March last year, despite Angus paying them for the privilege.

They do however have many "coinkydink's" when it comes to Angus & Mr F/Forum Energy Services/Saltfleetby Energy and the involvement over at AAOG so who knows?

[sheriffcollins] 14/2/2021 19:03

CQ

LLtm , our Good Doctor would occasionally 'double' or switch sides to give himself some credibility when none was left. I expect the same to continue under Gallifreyan.

[jtidsbadly] 13/2/2021 17:38

JA51: I’m thinking in terms of a bullish announcement of a fresh Riverfort convertible at 15%.

[ja51oiler] 13/2/2021 17:24

Why does he keep bleating on about NEW MANAGEMENT? They have been in position for 2 years now!!
You must wonder if this is being orchestrated ahead of the “we have agreed to another month for Aleph to finish the paperwork RNS......... It would be no surprise for some if the next one was “We weren’t able to come to terms bombshell!
There is more than cold weather stopping the pipeline pics coming through, and I’m sure Alephs “funding partners” if they exist won’t be impressed with this now in week 19!!

[jtidsbadly] 13/2/2021 14:58

Yes LancashireLifeTM appears to be turning, as worms are said to. I wonder how many of those questions he’s sending in. He should also ask where the registered office is now and whether they’re still looking for someone to run the company who’s got any oil or gas experience.

Re Vonk, I think the present management may merely have been setting a precedent. When the present noble (but is he permanent?) MD is finally ousted or so humiliated he feels he has no other choice, I imagine the last of the shareholders’ hard-earned may find its way out of the door with him.

[wolfofthewoods] 13/2/2021 14:43

I have no doubt that those professionally connected to angus are posting on lse. I was told that Vonk use to "laugh" at what was written.

Guess the pay off was another laugh.

[clottedq] 13/2/2021 14:34

Haven't checked in here in a while... or checked out Anguish LSE BB.

Impressed to see that our Good Doctor (Gallifreyan) has apparently regenerated again (or so it appears) and now seems to be batting for our side?

Just shows you how bad this company really is, when even one of its' hardened cheerleaders begins questioning the operational management of the company doesn't it?

Never thought I would see the day that "common-sense" at last prevailed across both platforms!

WOW!

CQ ;-)

[jtidsbadly] 12/2/2021 17:27

JA51: that's a fact.

[ja51oiler] 12/2/2021 17:06

Mmmmmm well .....It didn't hit 2p did it....


3 weeks from the last pipeline update...16 weeks over schedule now.....Funding deadline missed again......a placing in between.....More likely to hit 0.2p if they don't get the funding.....that's a fact!

[jtidsbadly] 12/2/2021 12:58

Headinthesand: the Aleph contract is renewable by mutual consent, so the 3-month deadline may not apply. Meanwhile, the pipeline, not yet completed, has already taken more than six times as long as the management predicted.

JA51: a little anxiety is seeping into the cheerleaders on the other site.