Angus Energy Share Discussion Threads

[jtidsbadly] 19/2/2021 12:50

KingGibbon: JA51 has shown on here that he is smart - and well informed. Sensible investors, like JM Keynes, change their mind when they see the facts change. What do you do, sir?

[ja51oiler] 19/2/2021 10:40

Why would anyone hold for longer than 2 weeks?

How many reasons do you want?........£12 million worth!

A management that is knee-deep in a scandal, Constantly misleading investors,(some would insert a word beginning with L here) and incapable of keeping to ANY timeline or Budget.

Assets that are actually liabilities. All Worn out, discarded by others as the De-commissioning costs outway any possible production or situated where PP is almost impossible to progress to possible commercial production.

A company history that is worthy of a soap opera.

A CPR that if you actually read it, even on a best-case scenario would only just pay the loan. How do they pay the other £2,5 Million a year commitments previous accounts say they spend?

An unfinished pipeline now going into 17 weeks past the first projection, and still not finished.

Salt, worthless to anyone else who doesn't have £18 million tax loss to offset against sales.

De-commissioning of the 9KM pipeline now 51% to Angus. (See Wingas accounts £12.8 allowed for De-comm)

An outstanding £1.4 million CLN

An M.D with Zero o&g experience. But 30 years in finance who couldn't secure a loan in 12 months. Forced to pay a mysterious start-up to get a loan that looks wobbly to say the least. If they don't get it what then?


A sidetrack to drill to get Salt from half to the full CPR figures ( The last 2 failed)


Yearly accounts are due in the next 2 weeks.


And they haven't produced any Oil or Gas for nearly a year!


Plenty more to add.............Maybe that's why??

[kinggibbon] 19/2/2021 09:23

Have investors got a disease with this stock? People can't hold for longer than 2 weeks

[chickndinner] 18/2/2021 20:35

Seriously. I thought it was a wind when he used the analogy of we do not want to count our chickens before they hatch wtf.

[chickndinner] 18/2/2021 20:32

And do not over egg it as we do not want you to count your chickens before they hatch 🐣🐤🐥

George did say so words in an RNS. I'm not making it up. Promise!

[chickndinner] 18/2/2021 20:29

Also must be able to play elephant polo 🐘

[chickndinner] 18/2/2021 18:49

What,what?

[chickndinner] 18/2/2021 18:49

Anguish Energy could be a nice lifestyle company if you can get the work. What say you George?

[chickndinner] 18/2/2021 18:46

Oh wait. The temporary MD is a finance expert with zero oil and gas experience and has to call in a third party finance expert. If you think I am making this up I am not!

I know. You couldn't make it up.

[chickndinner] 18/2/2021 18:46

Oh wait. The temporary MD is a finance expert with zero oil and gas experience and has to call in a third party finance expert. If you think I am making this up I am not!

I know. You couldn't make it up.

[chickndinner] 18/2/2021 18:43

JT. If there was an Olympic medal for a king of spin can kicking port sipper with zero oil and gas experience holding such a high position as a temporary MD on an AIM listed company then we know the winner?

[chickndinner] 18/2/2021 18:16

Oh. And dont mention that some of the cheerleaders on the dark side may be affiliated with Anguish Lethargy in a higher position than an ordinary private investor.

Torreagus has gone awfully quiet since posting the funding is in the bag 🤔

[chickndinner] 18/2/2021 18:12

And whatever you do. Please do not mention the Angus Energy Action Group FFS!

[chickndinner] 18/2/2021 18:09

Well JT. We can't rely on Mark Barker who said we would be 2p by now. FACT!

I think PLAN B is now the topic of the day?

Let's not mention PLAN C!

[jtidsbadly] 18/2/2021 16:33

chickndinner/CQ: if they don’t get the loan (chickndinner asked this morning and it’s the right question, isn’t it?) what’s Plan B? Hire purchase? But you have to put down a decent deposit and the supplier/HP firm need confidence you’ll survive to pay the instalments. It will be more expensive and they won’t get it finished in 2021 (unless they call Halliburton quickly, but they can’t afford that either). More placings? They’ll have to be big. Who’s going to take more Anguish stock? They're pretty thick on the other site but even there a degree of scepticism is penetrating. And a good old fashioned head and shoulders pattern seems just to have completed on the six month chart. Knowe hasn’t got enough money to bale them out. That leaves Frazer Lang. Any ideas?

[clottedq] 18/2/2021 16:13

Judging by today's drop in share price .. I reckon some of the insiders have already been tipped off that the loan is a no go!

More placings anyone... ANYONE?

CQ :-)

[chickndinner] 18/2/2021 15:34

KingGibbon. Yes he is. I could use a lot more colourful words for him as well!

[jtidsbadly] 18/2/2021 11:01

JA51: hmmm, yes. But they're a smaller company than Anguish - even after today’s 30% rise in reaction to news from Helium One. They won’t be overpaying for assets acquired from strapped sellers, will they? Anguish would be lucky to get their £1 back without giving undertakings re future decommissioning costs. I can’t see a viable exit from Poundland for the (permanent?) MD.

[jtidsbadly] 18/2/2021 10:38

JA51: I thought Anguish issued a fraction under 250,000 shares in the 0.60p placing in December. I don’t think there are grounds for a reduction in the conversion price of their convertible. Of course, it’s quite likely there will be in the near future - assuming Anguish makes it that far. The current silence is deafening, isn't it? They need £12mm. It’s not a going concern without a substantial part of this sum, is it? The Knowe loan will need repaying in April next year. If Anguish makes it that far.

It’s 19 weeks today that they’ve been working on the 3-week pipeline job. They must be hugely overspent.