Angus Energy Share Discussion Threads

[sincero1] 14/6/2021 09:34

The first law of holes.... tee hee... what fun ....

[ja51oiler] 14/6/2021 09:16

JT If the sidetrack fails the existing producing wells won't be enough to pay the loan back let alone anything else!
They were producing around half the CPR forecast, about 5mmscf with a 15% yearly drop-off rate. The wingas FDP also tells us that they will be offline for 10% of the time for pressure build-up and maintenance. I guess that means the CPR is also 10% out now as they have ordered those.........
"Two gas compressors packages are currently being designed by specialist fabricators in Kent. Each unit is rated at 5 MMscf/d each with Caterpillar gas engines and Ariel reciprocating compressor sections."

[sincero1] 14/6/2021 09:13

hahaha... the old grey brigade are soiling themselves ... bravado to the max today. If you window lickers weren't so worried you wouldn't be so defensive. Look on the bright side you can always claim diminished responsibility.

[jtidsbadly] 14/6/2021 09:01

CQ: I’ve assumed that they’ve limited the hedge to 70% of expected production to allow for a failure of the sidetrack. Similarly, that the hedge starts six months after their planned start of production because no one trusts them to meet schedules.

Nevertheless, there is probably a substantial risk in whatever hedge they’ve arranged if the gas price rises while their production falls below the 70% of expected levels. They’ve revealed only the start date and the effective gas price. Perhaps the interim MD expects a lower gas price over the next three years.

Re the existing lawsuit(!) could it be an unpaid invoice from a PR company? Ocelot is working overtime and there’s been an influx of disruptive ignoramuses, hasn’t there? Even such people as these don’t do these things for nothing..

[ja51oiler] 14/6/2021 08:42

Looks like someone thinks they have told the teacher and is pleased with themselves doesn't it!

Probably from the same moron who asks about the ~decision from the Environment Agency for approval for water injection at Brockham in Q2" despite being in Q3 when asked!

Well, the teacher is totally discredited so no one gives a stuff what they reply with! In fact, teacher would be pretty stupid to make a fuss after some of the misinformation it's given!!......

LIKE "As a consequence the usual rules apply – i.e. we do not make comment on the commercial decisions undertaken by fellow AIM listed companies in which we have no shareholding."...
Forum, SEL, or AAOG are not AIM-listed companies and are of course very material to investors as demonstrated by the fact that Saltfleetby Energy Ltd and Forum Energy Services Ltd have failed to publish their accounts.

Perhaps someone should ask what the BOD has calculated the COS (Chance of success) is for the 6th time of trying sidetrack to the West SF7. After all even the company has said it's not as safe as originally stated in the CPR SF5. Are they even still expecting 5MMMSCF now?

[kinggibbon] 14/6/2021 08:41

Clotted I think you need to get a job and get off McDonald's WiFi.

[clottedq] 14/6/2021 08:37

JT,

I think our little friend is confusing counter argument with backtracking.

There will be no change of tone from me until I see a change of tone from Anguish BOD.

CQ ;-)

[sincero1] 14/6/2021 07:22

uclot "I've never been intimidated by anything or anyone in my entire life" but you still posted several defensive backtracking posts...your squirming is very amusing. Be careful jtidsbadly wants to be your friend, looking to share the blame...wisely sheepofthewoods ignored his attempt at support.

[jtidsbadly] 14/6/2021 00:11

CQ: yes, they’ve been consistently either incredibly unlucky or incompetent. They’ve misled investors. They’re selective in the price sensitive information they are releasing. They’ve never met a deadline and they’ve always been miles out in their published budgets. None of them has bought a share since when? Was it September 2019? Do they understand the terms they’ve “negotiated221; on the financing they didn’t know they needed and took fifteen months to secure? If they do, they’re not sharing it with investors.

Does Jonathan still own shares in it, by the way? He’s not on the major shareholders list. He was supposed to be behind at least part of the HSBC holding, wasn’t he? He's not on the management page either, whereas the non-Board Operations Director is.

[clottedq] 13/6/2021 22:33

JT,

Yawn yawn...

We've heard all this legal bull before under the latest irritant's previous moniker haven't we?

I've never been intimidated by anything or anyone in my entire life - it's far too late to start now.

If this BOD DELIVERED "JUST ONCE" it would be much harder for detractors to call them out and far easier for new shares to fall "willingly" into sticky new investors hands... without the usual pump & dump bandwagon.

I suggest what's needed right now from our directors is "STRONG FOCUS" on the real cause of their grief:

Loss of investor faith due to their own "repeated" failings. Resolve this through DELIVERY and they have a fighting chance of turning the negative tide here AT LAST!

CQ ;-)

[sincero1] 13/6/2021 21:07

Jtidsbadly " you think" .. yes, prove me wrong and carry out your statement "I’m thinking of pointing out their inadequacies in more forthright terms. I’ve been too reserved to date" you really do set yourself up ....this is more fun than " 0.20 soon.."

[sincero1] 13/6/2021 21:05

watch out sheepofthewoods , jtidsbadly trying to drag you into his mess...you would be wise not to implicate yourself...

[jtidsbadly] 13/6/2021 20:54

You think?

[sincero1] 13/6/2021 20:53

jtidsbadly is seriously worried, how many changes of brown trousers today...now trying bravado very amusing......

[jtidsbadly] 13/6/2021 20:27

Wolfofthewoods: I expect you’re aware of this already, I know you watch the polo scene closely, but in case you’ve missed it, Jonathan’s protagonist by the silvery Tay and subsequently in the Perth sheriff court is now known as “Mikey” among his intimates. Who probably don’t include Jonathan.

[jtidsbadly] 13/6/2021 20:21

CQ: actually, there’s a lot to be said for the chance to defend a libel action entered by this shower. I’m thinking of pointing out their inadequacies in more forthright terms. I’ve been too reserved to date.

[sincero1] 13/6/2021 19:47

uclot - you seem to be squirming , trying to convince yourself.. you didn't google the definition of libel did you... won't find " bad feedback" anywhere .. Jtidsbadly on the plus side being an old duffer you will have plenty of brown slacks in the wardrobe to change into...

[clottedq] 13/6/2021 19:35

As I said:

Sentiment will stay negative and shareholders will remain "rightfully" dismayed until Lucan finally DELIVERS.

In the meantime... blaming Anguish shareholders for posting bad feedback on a BB due to directors lackluster performance & share price decline would be laughed out of any UK courtroom... anyone who suggests otherwise is being foolish and insincere.

CQ ;-)

[jtidsbadly] 13/6/2021 18:57

CQ: yes, and you might have added the misleading of shareholders for six months from March 2020. The interim MD would be ill advised to risk drawing attention to that, what? Another legal case would, in any case, be a useful way of drawing attention to the glaring inadequacies within AIM and the FCA. Private Eye will love it, it’s got all the ingredients. Oh, hang on, Anguish have already got a legal case going, haven’t they? That one, of course, will be financed by Anguish’s poor shareholders.

[sincero1] 13/6/2021 18:30

uclot - you sound very panicky. its understandable I would be if i were you.Best you put on your brown trousers just in case. uclot - "The only folk who need worry about libel are the company itself - for making promises to shareholders it has so far "ALWAYS" FAILED to keep". Best you also google definition of libel because after that quote you clearly don't know what it means and knowing what it means might come in handy....

[clottedq] 13/6/2021 16:33

The only folk who need worry about libel are the company itself - for making promises to shareholders it has so far "ALWAYS" FAILED to keep.

I should think with Jonathan Tidswell and Paddy Clanwilliam on board + the supplier dispute + the race to break their duck of incompetence...

...the last thing Anguish need right now is to walk into yet another legal minefield with rightfully disillusioned long term investors.

Who on Earth could argue with anything "we've said here"... when the FACT remains that the share price is on its knees due to failed deadlines, failed operational milestones and the company's failure to meet its own financial targets?

If the detractors were simply spouting nonsense and slander... it would make no difference to The Market - who would simply ignore it and still price the company appropriately. I think even Lucan knows that the share price has nothing to do with stale bulls and everything to do with the faith he has lost through repeated failure to deliver over the past years of his tenure?

As I have said for some time now: the answer to turn the tide of negativity is hardly rocket science -

"JUST DELIVER FOR ONCE!"

CQ ;-)

[sincero1] 13/6/2021 11:44

From Angus website investor questions : What is the company doing or going to do about libellous posts regarding the company being posted in online forums? Oh oh jtidsbadly, ja51"contractvoid"oiler , uclot...you're in trouble....

[jtidsbadly] 12/6/2021 20:16

CQ: thanks for this. There are so many unanswered questions about the loan, the work on the gasworks, the sidetrack, and the hedge. And the identity of the plaintiff in the lawsuit and the size of the next share payment to Aleph etc. That’s on top of the unanswered questions outstanding from May, which are supposed to be answered by Monday. And yes, the part-time interim MD with no oil or gas experience, who’s missed by miles every deadline and budget: in negotiating with Mercuria, he’s like Lord Snooty fallen among the Gasworks Gang.

[clottedq] 12/6/2021 17:57

JT,

I wouldn't waste your breath on the PR boys. They have no interest whatsoever in countering genuine intelligent argument with counter argument... their script is short and sweet and simply requires them to drop reasonable negative posts down the pecking order and replace - where possible - with positive PR fluff!

They will either:

1) Try to discredit the reasoned poster
2) Fill the BB with cut & paste to drop the negative post out of sight

I think the "ignore and talk among ourselves method" works best personally. That way the shills sound even more stupid then they really are.

Fact remains:

Anguish are run by a CEO with ZERO oil & gas experience who has missed every self appointed deadline, financial target and operational target to date... who still seems surprised that "The Market" has lost faith in him!?!?!?

Well DOH!

CQ ;-)

[sincero1] 12/6/2021 14:50

jtidsbady - getting even more irritated...heehee so amusing. post where i have "constantly repetitively ramped " you won't be able to because again, as usual, you just lie to suit your narrative . as is your claim im a paid employee, again completely false but again it suits your narrative. like your " 0.20 soon" "share price into sixties shortly" " placing soon " " running out of money". i notice you have curbed your libellous posts now..haha did you soil yourself with worry? understandable, i would be very worried if i were you.. Good luck.