Angus Energy Share Discussion Threads

[1347] 02/2/2023 12:36

RNS to remind you of the huge share holder dilution LL has performed, no wonder he never bought any, leave that to the mugs, what, what?

As at the date of this announcement the Company's issued share capital consists of 3,432,488,979 ordinary shares of £0.002 each with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 3,432,488,979 .

[negan] 02/2/2023 12:08

Absolutely old bean.

[jtidsbadly] 02/2/2023 11:43

Negan: you've got a good memory! Quaff, quaff.

[bobbie870] 02/2/2023 11:11

going north fast

[negan] 02/2/2023 11:10

"It's a pig in a poke"

[jtidsbadly] 02/2/2023 11:03

1347: that’s nice of Mr. Manclark, what?

Negan: well, most of the cash that Anguish received in the December placing seems to have come from Aleph and its associates. Will they be willing/able to stump up more and can they do so without breaching the 30% shareholding milestone? The only value to Mercuria in keeping these bozos in port is the bozos’ ability to raise cash from the equity market, which is free money as far as Mercuria are concerned. If Anguish’s NomAd and broker decide they can’t squeeze any more money out of the market for another placing, it will be time for Mercuria to exercise the Charge terms. If the sidetrack carries on much longer and/or fails, will investors want to bet another £5-8mm on another? There must be a limit, surely? I’m sure they’re going very slowly and surely in this second drilling attempt but the bills are piling up.

But this is AIM. I still think it’s quite likely that in a week or two they’ll announce that they've found gas. Up will go the share price. Slapped will be the mutton chops of the grey crayon eaters. Fleeced will be the mug punters in a placing. Then back we go as the gas doesn’t flow enough to be usable. Same old same old, as 1347 is fond of putting it. I doubt even then that they’ll have enough cash for another sidetrack attempt. Just enough to meet the higher (5.75mmscfd) hedge requirement in a 28-day month and maybe meet the due part of the terms of the July/August forward contract terms deferrals. Then there’s the report and accounts in mid-March. Anguish need this sidetrack to flow commercial quantities of gas. That would hugely change the equation.

[astra1vision] 02/2/2023 11:00

LETSBUY1 says 20% up today. Buy buy buy. He is the new Warren Buffet! I order LETSBUY1 back from his toilet cleaning at the job centre to come entertain us further. That’s an order.

[1347] 02/2/2023 10:25

JT I suspect there may be a gentlemans's agreement on when they will convert, I suspect the intention was to pay it off in cash on the assumption they would be doing 10 mmscf/d and be able to do so, that may no longer be possible. Also have a stack load of fresh Warrants milling around now.

[negan] 02/2/2023 10:23

What's a few million here and there.

[negan] 02/2/2023 10:22

But JT. Surely Mercuria will cut Angs some slack no? They are making good money what,what?

[jtidsbadly] 02/2/2023 10:00

Negan: if Anguish go bust, I’d expect Mercuria to take over Poundland (and the other assets), keep the site management staff and come to an arrangement with Shell to sell to the latter the Poundland field for storage once the (commercial) gas runs out. Anguish can’t do that unless Mercuria allows it - the Charge precludes it. I think the oil “assets” are irrelevant, Anguish can’t sell them without Mercuria’s approval either, and who would want them? Selling the gas field to Shell would transfer the theoretical abandonment liability.

Anguish must just have received an invoice re the January forward contract and whatever deferred sum they agreed last August. I dare say this comes via Law Debenture, who control the Anguish bank accounts.

The interest charge on the £12mm loan they didn’t need appears to be about to rise to 16% p.a. That’s another £60,000 per year if the £12mm has not been partially repaid. . The shareholders are the only recourse, aren't they? Look out for that p&d.

1347: as I understand it, Knowe can convert at 0.65p at any time. Why do you think they haven’t done so?

[negan] 02/2/2023 03:40

Letsbuy1. Yes. Massive gas reserves. Getting the rest of the gas out is a different matter. SFB was not abandoned and ANGS werw given a £2.5 million sweetener to get SFB off thier hands for nothing what,what?

Now with all of the additional works Angus-Energy have undertaken then surely the abandonment costs have increased?

If Angs go bust if the sidetrack fails and GL is unable to keep raising funds what will be the new abandonment coats? Food for thought?

[negan] 02/2/2023 02:17

IMHO. JTidsbadly, 1347 and Ja51 are the best source for any new investors considering investing. DYOR...

[negan] 02/2/2023 02:06

Massive gas reserves yes. All previous operators abandoned SFB. George is on a very healthy wage and is not 100% on site. He is happy go lucky what,what? Good show George. Absolutely...

[letsbuy1] 02/2/2023 00:15

Hahaahha we have heard from a good source

Massive gas reserves OMG wow

[letsbuy1] 01/2/2023 23:50

Wow the Big dog has called and he is visting site tmoz with sharetalk
This will do 20% tomorrow

[negan] 01/2/2023 23:48

Dog. Letsbuy1 is not very good at researching a company before going all in is he! Maybe if he had come to this board first and listened to the VOR instead of Kansas he could have saved himself some money and face what,what...

[negan] 01/2/2023 23:23

The shills got hammered today in Kansas. They even had to bring the false WG818 out on here. Absolutely brutal!

[bionicdog] 01/2/2023 20:21

You have been saying that for a while.

[letsbuy1] 01/2/2023 20:10

BIG BUYS WILL START FLOODING IN SOON