Angus Energy Share Discussion Threads

[iceagefarmer] 29/8/2023 15:03

been told to buy big in angus...chevron gas strike going to send gas prices rocketing

[1347] 29/8/2023 14:15

JT I did say at the time that you were merely assuming that CH had received the overdue Knowe accounts, which might have been the case but wasn't a fact and so far still isn't.

As for UKOG better discussed on that BB but I can see no way that company survives as it is after the latest pay day loan money has run out. Still they've managed to play the rope a dope game to fund ShareCoin Sanderson's lifestyle longer than I thought they possibly could, it just shows how far you can push things with a corrupt market in a corrupt jurisdiction.

[jtidsbadly] 29/8/2023 12:02

1347: yes, so was I. You were right, by the way, and I was wrong about the Knowe Properties accounts, they don’t seem to have been received at Companies House.

I’ve just had a look over at UKOG. A bit of a tumble there since I last looked. Sound doesn’t look too good either.

[1347] 29/8/2023 11:54

Yes JT, not the first time the share price was manipulated to allow big holders such as Labrum, Lange et al and Forrest to exit stage left was it, I expect it won't be the last.

You keep asking about Wolfy as if I have some kind of knowledge of his whereabouts, I don't, but I assume he's crept off back into the woods. A pity as I was looking forward to that dust up.

[jtidsbadly] 29/8/2023 11:23

HITS: yes, quite. 0.60p now. I recall it at this level a few times in the past, even a short-lived spike down to 0.37 (a single small trade) but it spent very little time below 0.60. Worries about the progress of the Global Re-Financing and the closure of the plant for maintenance and the connection of the permanent flowline? Presumably either Tim Kaye or Mike Wells will be on site for that? Or both? What’s Captains America up to now? Shareholders must be relieved that in Lord Clanwilliam they have a strong non-executive Chairman who will keep the management focused and up to the mark, what?

[headinthesand] 29/8/2023 11:06

Best small loss I ever took.

[jtidsbadly] 29/8/2023 10:17

1347: strangely, there has been no mention on either site for a while of HITS’s sale at 1.10p. That exemplary p&d last September was a great opportunity. Michael must be clapping his little hands. What’s happened to Wolfy, though?

[bionicdog] 29/8/2023 09:54

No doubt Insincero is in profit.

[1347] 29/8/2023 09:30

Unlike the SP, which is red again and under 0.7 p now.

[bionicdog] 26/8/2023 10:52

He is blue though.

[iceagefarmer] 26/8/2023 10:36

and there says the 'sleeper' barrelman...47 posts in 21 years

[bionicdog] 26/8/2023 09:09

So would you if you bought the shares he did.

[barrelman] 26/8/2023 09:08

Do you have trouble sleeping?

[headinthesand] 25/8/2023 12:12

As I recently said next door, regarding ANGS and its share price that's floating in the doldrums, the Stranglers have it right.

[bionicdog] 24/8/2023 23:07

But you previously tried to ramp ANGS and UKOG.

[iceagefarmer] 24/8/2023 20:55

block energy looks a very well run company compared to angus and ukog...few shares,good production volume and directors loaded up and 3 drills in the pipeline this year..one shortly to be put on line if everything goes to plan

[1347] 23/8/2023 18:56

HITS I expected it to drift down as insiders and other traders sold, helped by the fact that certain of them would benefit from a VWAP towards 1 p to get as low a conversion price as possible for the Nijmegen Bridge Loan. Once they'd achieved that I expected the share price to bounce as those conversion shares got foward sold (it helps a lot if the Company Broker is also a MM and certain large holders are not disclosing holdings in line with the FCA DTRs and are moving their holdings around to stay under the radar).

However 'erbert and/or Lucan, in discussions with those self same insiders, decided that wasn't enough pain and went for the Bridge Loan Too Far and set the dial at 0.40 p. Absolutely terrible deal for any non-insider share holders, as indeed all of their deals have been. It's no surprise to me therefore that it's now headed towards that target, although it may not get all the way there it will get low enough to have a conversion price of, say under 0.50, I reckon. Of course no-one is in any rush to close that deal because it's advantageous to let the share price drift down isn't it?

Oh then we have a new 'Global' Bridge Loan (ha, bloody ha) well they are hardly likely to get terms much better than the current loans are they, or if it's another CLN, a conversion price at a premium. Of course higher gas prices help the revenue but it just means they have more money to flow to certain entities doesn't it? I don't think anyone has paid sufficient attention to this, most are too focused on gas prices and name calling.

Effectively non insider shareholders are being wiped out here, most of them are too dull to see it though, despite that playing out over the history of the company since they took on the loan they didn't need. AIM, like the country itself, is simply too corrupt and manipulated to be taken seriously anymore, if it ever was.

All just my opinion of course, the normal disclaimers apply.

[headinthesand] 23/8/2023 17:26

I don't (and indeed can't) disagree with you, 1347. History clearly shows what ANGS has done for (or rather, to) PIs - except for those few who have been short-term trading the stock and timing their entrances and exits smartly enough.

The share still has the capacity to surprise - though it seems never in a positive way. Back in the late spring and following the news of what turned out to be a successful and production-doubling sidetrack (no matter how late and over budget that turned out to be), I certainly never expected the share price to decline inexorably downward ever since to today's 0.68p levels.

Mind you, ANGS hadn't been exactly candid about the levels of debt and cashflow drain, had it?

[1347] 23/8/2023 16:57

HITS It doesn't matter what's best for PIs it's what's best for a few select insiders, I think that's been demonstrated many times over time. It's not in line with the Companies Act Section 172 I know but who cares about the laws anymore when you have an unelected criminal as PM and public contracts are given to business interests of friends and family.

[headinthesand] 23/8/2023 13:50

Currently at least, £2 gas is looking a tad optimistic and £3 gas utterly unrealistic. Highest forward pricing over the next 12 months is around the 153p mark as I type (for info, that's Feb 24's futures price right now).

However it certainly seems true that ANGS either needs the £20m's worth of replacement financing, or a sustained period of significantly elevated gas pricing.

The latter would be significantly better for PIs, because the terms of that replacement financing don't look great, given that it'd be used in part to pay off the balance of the original £12m loan, thus triggering the "8% royalty on Saltfleetby gross revenues" clause attached to that original loan.

[onetomany] 22/8/2023 19:07

£3 gas and ANGS 3p