Angus Energy Share Discussion Threads

[1347] 14/11/2023 21:12

Yes it's authentic. Well now we know why they want that conversion price as low as possible, they want the access to the network.



Tie this together with the gas diversion in June 2023 and their sneaky little game, at the expense of non related party shareholders becomes clearer.

[bbd2] 14/11/2023 20:48

Many thanks.

[city1911] 14/11/2023 19:34

Look at section 3 in each RNS

[bbd2] 14/11/2023 19:25

Anyone spot the difference between the two holding RNS’s ?

[iceagefarmer] 14/11/2023 19:06

£18k late buy ...something brewing

[1347] 14/11/2023 18:47

JT Impossible to know who or why they are buying/selling and it doesn't alter the situation anyway, the target price has been dialed in by 'erbert, it's just a question of how close the share price actually gets to it. There could be a ramp at some point though to let preferred shareholders get out, al la Labrum and Lang et al and Forrest more recently who sold a fair chunk on the spring tide.

[jtidsbadly] 14/11/2023 18:09

1347: I wonder if the quite big trade this evening after hours was Mr. Forrest taking the view that it’s not too late to panic.

[1347] 14/11/2023 16:09

JT Yes it probably is centering on that, Kemexon also, but that's the issue isn't it because according to Company Law Directors are supposed to represent the best interests of all shareholders, not just a select subset. I see pennies are starting to drop even amongst the dim and delusional Jayhawkers.

[jtidsbadly] 14/11/2023 09:11

1347: yes, I agree, really. The discussions on the Global Re-Financing loan are now probably centring on the respective interests of Mercuria and Aleph. Mercuria would want to protect their loan and their royalty in the event of an Aleph takeover.

[1347] 14/11/2023 08:58

JT Yes it is entirely possible. UKOG demonstrates how it goes once you get Billions of shares in play and are losing money. You also have to remember that we don't know the terms of the: Now You Can Borrow Enough To Get Completely Out Of Debt Loan. However as conversion of the Bridge Loan Too Far would be enough for an Equity Wipeout and Takeout then there would be no need for it would there, as they'd effectively be lending money to themselves. It's just a ploy in my view.

[jtidsbadly] 14/11/2023 08:31

1347: yes, there’s a lot of alternative terms one could have used, innit?

It’s entirely possible that your view on the price at which this gets taken out may even turn out to have been optimistic. The jayhawker WG818 is following the gas flow rate and pressure. There’s plenty of scope there for some disappointing news.

[1347] 14/11/2023 07:30

JT Cavalier is one way to describe it, there are others. share price drifting down towards 0.5p, pretty much an all time low and with that 25% discount they'll be able to convert the Bridge Loan Too Far around 0.4p, close to where 'erbert set the dial. I think that will also mean the Warrants get discounted further to the same price, as happened before. Looks like an equity wipeout, planned long ago, now being executed, just my opinion of course but Mr Market seems to agree.

[jtidsbadly] 13/11/2023 14:32

1347: was he? I hadn’t seen that. He was always cavalier with regulatory matters and was constantly struggling with his handicap - the incident by the silvery Tay involving his coach didn’t help, what?

[1347] 13/11/2023 14:20

JT Quitely left via the tradesman's door I reckon. Wasn't Tidswell spotted somewhere in Spain and involved in something to do with horses? Never did know what happened to the money from those Captain America shares that were loaned out (allegedly) but somehow never got returned did we? It would have been a tidy sum at the prices back then.

[jtidsbadly] 13/11/2023 13:50

1347: not guilty: I used the term “HibernianR21; in preference to “Irish”.

Have you any idea what has happened to either or both of Jonathan Tidswell-Pretorius and Mike Wells? Both are/were Directors (non-Board). Tim Kaye appeared to replace the latter earlier this year and his appointment was bruited abroad, no word of the man who previously held the position. Rather tasteless, in my opinion.

[1347] 13/11/2023 13:10

JT If he's dumping them now then his money is going down quicker than a Scotman on a luge at the Winter Olympics. Or maybe they were sold a while back but, like the Knowe company accounts, the TR-1 never got filed. What say you laddie?

[1347] 13/11/2023 12:48

'erbert set the dial at 1.0 p, and down it went, he re-set it to 0.66 p for the converion and warrants and then re-set it again even lower at 0.40 p and surprise, surprise that's where it's heading now. Looks to me that he's carrying out his instructions to engineer a low ball takeover by the back door.

[bionicdog] 13/11/2023 11:59

Bodes well for the two resident mugs.

[jtidsbadly] 13/11/2023 10:51

Is this fall today the result of some Hibernian investor conducting a dump and pump?

[shareprofessor] 11/11/2023 16:01

You two oddities still conversing ? Goodness me , is it worth it? Particularly odd is JTidsbadly posting about his LSE profile OofyProoser in the third person. Why bother ? If you want credibilty it should have read ' as I posted as Oofyprosser on LSE '.

[1347] 11/11/2023 08:34

JT We know their projections are hopeless but I don't think they are actually restricted to 5 tanker movements per week are they? The last Wingas Transport Statement (done by Cannon) indicates that during the operational phase they expect 3 tankers per week for the oil (i.e. condensate) and 5 tankers per week for the waste.

However I don't see that LCC actually applied transport restrictions other than on which days and between which hours they can be for the operational phase? The EA restriction is more likley to limit them, hence why they may have to restrict SF4. However I think the increasing water cut and pressure drop may well be bigger problems.

As for Mercuria, as long as they are making money, which they are, and the risk is not too great they'll let it ride, I've said this all along. The more relevant thing from Anguish shareholders point of view is what Aleph, Kemexon and FESL intentions are. Do they ramp the share price (with WH Irelands help) and make a quick buck on converted consideration, loans and warrant exercises or convert and exercise more to accumulate and take over by the back door?

[jtidsbadly] 10/11/2023 22:25

1347: the June 2019 Anguish projections assumed disposal costs of water of £49/bbl. Even with just 30bbl/day, that’s a cost of over £500,000p.a. And rising. In a later projection, they assumed no more than 5 tanker movements per week. It must be higher than that now, with all the condensate they’re producing added to the water.

I agree that Mercuria has made heaps out of the loan that Anguish didn’t need but I’m sure they’d like a straightforward repayment process for the balance of it.

[1347] 10/11/2023 19:25

Water averaged 30 BWPD until August but it is increasing, so around one tanker per week and I don't see that being a problem.

Mercuria have made plenty out of Poundland already, whatever happens now I very much doubt they will be out of pocket. Non-insider/placee shareholders, well that's a different matter.

[jtidsbadly] 10/11/2023 16:49

2347: yes, the poster OofyProsser in Kansas pointed out this condensate issue on Wednesday. He also pointed out a potential issue with water storage/removal and the associated costs. No responses from other jayhawkers. Saltfleetby village council hasn’t raised any objections yet re tanker movements or other issues. It’s not looking at all good, is it? Mercuria will be glad to get their money out of this, I should think. If Anguish are unable soon to meet the hedges again, they’ll be finished, what? It’s a very depleted field. Wingas were very happy to pay someone to take it and the abandonment costs off their hands. Will we be talking about that issue again soon?