Angus Energy Share Discussion Threads

[solo4yous] 02/12/2021 15:10

Its being pushed down hard.
Small Funds selling.
As too some shorting from Brokers.
First Gas Closer than Before.
Screw the MMs.

[sincero1] 02/12/2021 15:06

stale urine again .... jtisadly you liar ...point it out ... i can't make it any clearer .... embarrassing....

[solo4yous] 02/12/2021 15:01

Https://twitter.com/zopelyforver/status/1466415446857498627

[sincero1] 02/12/2021 14:39

jtisadly " so please do correct this post." OK, its negative supposition again .. now run along liar ....and try again .. no supposition ...

[sincero1] 02/12/2021 14:37

uclot, just like jtisadly - these daily placing predictions for months and months ,that never happen, only make you look at best stupid and at worst disingenuous and stupid ..... both are embarrassing ... try and think for yourself ..

[jtidsbadly] 02/12/2021 14:34

I’ve just had a look at the Jan. 2022 natural gas futures chart. Admittedly it's the US future but it’s currently at 4.25. It peaked a while ago at 6.55, so it’s given up about half of this year’s rise, what? So as things stand, less pressure on the hedges, more pressure on meeting the Debenture terms. There’s no question of the sidetrack contributing anything before the interest and first capital repayment are due: the Interim MD said in one of this week’s answers that it wouldn't be started until some weeks after gas flows reliably from the existing wells. That’s not going to be before April, is it? And that appears to be very generous to them. They won't have time between then and early June to get gas from a sidetrack, even if they find any. The Debenture holders’ intentions are what matters now. Anguish can’t sell anything to provide cash, the Security Agent, who has ownership of all Anguish’s assets until the Debenture terms are fulfilled, won’t allow it. They require either cash flow or more equity capital. The full amount of cash they’re likely to be able to raise in a placing will probably be needed for g&a expenses and for any unbudgeted spending at Poundland. Can someone tell me how I’ve got this wrong? It seems too obvious, doesn't it? I don’t want to mislead anyone, so please do correct this post.

[chickbait] 02/12/2021 14:32

About Brockham Wellsite

Brockham Oilwell Site 1, Feltons Farm, Old School Lane, Brockham, Betchworth, Surrey, RH3 7JP
Angus Energy first became known in the local community when it made it to national papers for drilling an unauthorised sidetrack well in 2017. Angus’s management had been warned by Surrey County Council on several occasions about the lack of planning permission for this well, but they proceeded to drill anyway, while telling the council it was maintenance in the well (and confusing the three wellhead numbers as well!). Angus then threatened the council with legal letters arguing that, in its interpretation, it did have planning permission. Eventually, Angus capitulated and faced the ‘consequences’ by submitting an application and securing a retrospective planning permission for the unauthorised sidetrack in August 2018.

Angus have been criticised by the Oil and Gas Authority for lack of clarity and documentation of the drilling operations, and by the Environment Agency for their operating procedures not being up to the required standard. Tim Hall, who is the chair of Surrey County Council’s Planning and Regulatory Committee called Angus “the least reliable hydrocarbon applicant we have dealt with” and expressed his frustration at how Angus and other firms are playing the regulators off against each other. Another Surrey councillor accused the company of repeatedly betraying trust.

There are 3 wellheads at the site. The original Brockham 1 exploration well was drilled in 1987 by BP and found oil in the Portland Sandstone. Brockham X2 well and its X2Z sidetrack (later abandoned) were drilled by SOCO and partners in 1998. X2Y sidetrack from the same hole was drilled in 2003 and put into production from the Portland. In 2007 the X3 sidetrack was drilled from the original BR1 borehole and it was converted into a water injector. Well X4 was also drilled that year.

Kimmeridge Clay Formation Extraction Plans

On 31 January 2016, production from the Portland was suspended to prepare the site and drill a new well targeting the ‘game-changing’ Kimmeridge Clay Formation. After testing, it was concluded that the Kimmeridge would not flow commercial volumes, not without fracking anyway.

Wells X1 and X2 (but not X4) are covered by planning permission for oil production until 2036 granted by the Surrey County Planning Authority in May 2007 (Ref. MO 06/1294). Unauthorised sidetrack X4Z received retrospective planning permission for its drilling and a 3-year appraisal in August 2018. It doesn’t have planning permission for production.


Operator & Ownership Structure
Operator: Angus Energy Plc (acquired the asset in 2012)

License – PL235 (Production License)

Angus Energy – 75%
Terrain Energy – 10%
Brockham Capital – 10%
Alba Minerals – 5%
Angus Energy plc
Backgroud and Assets: Angus Energy, incorporated in England and Wales on 1 June 2015, is the holding company of the Angus Group founded in 2009 by Jonathan Tidswell-Pretorius, who has overseen the drilling of the high profile Horse Hill-1 well, adjacent to Gatwick airport. Angus Energy is the operator of Brockham, Lidsey and Balcombe oil fields. In February 2017 it purchased from Europa Oil a 12.5% interest in the Bury Hill Holmwood license. Angus is also the operator of the Saltfleetby gas field. Angus Energy plc was admitted to the junior AIM market on 14 November 2016.

Management: The company made it to national titles again in early 2019 because of a boardroom power struggle involving high-profile individuals and irregular share dealings. Paul Vonk was ousted as Managing Director and replaced by hereditary peer Lord Lucan. Lord Clanwilliam, another Eton educated peer, has stepped in as non-executive Chairman. Additionally finance director Carlos Fernandes and geologist Andrew Hollis have joined the board. Jonathan Tidswell-Pretorius resigned from the board after having been found to have broken the company’s share dealing code. He then resigned from a non-board director of operations position, which was taken over by Mike Wells. See Angus Energy Management here.

Who benefits from oil production at Brockham

Angus Energy’s shareholders and directors.
Contractors to Angus Energy, mainly during short -term maintenance or drilling works.
Felton’s Farm landowners. According to documents filed with the London Stock Exchange, Ms Brodie, through Brockham Capital Ltd, is receiving a six figure annual payment and has interests the Brockham and Lidsey licences in exchange for a lease over the Brockham land and the right to inject off-site water at Brockham. Angus will be obliged to make additional payments if production reaches certain levels.
The UK government.

[clottedq] 02/12/2021 14:31

Seems to me that The Market are more in tune with the more likely IMHO "DISCOUNT PLACING" rumour than the far-fetched "TAKEOVER for MILLIONS" one...

Watch the share price .. been following the same pattern for the past week now. Somebody knows what's coming and that's precisely why they're selling IMHO.

It may not be today... or even tomorrow... but when it lands it will NOT be pretty for those already caught in the lobster pot!

As for me: I wrote off my losses here ages ago... refuse to average down (what's the point?) and refuse to cash out (my investment is already worthless!) but at least it gives me justification to call out this management for what they are:

Complete and utter untrustworthy FAILURES!

CQ ;-)

[chickbait] 02/12/2021 14:17

Market Summary
>
Angus Energy PLC
0.78 GBX
−0.075 (8.82%)today
2 Dec, 12:14 GMT • Disclaimer
LON: ANGS

[sincero1] 02/12/2021 14:14

ClottedQ30 Nov '21 - 15:49 - 12328 of 12726
And now for the "discount placing news" on the back of it...?
Come on George... we know it's coming... we aren't THAT stupid!

JTidsbadly30 Nov '21 - 15:52 - 12333 of 12726
Tomorrow or Thursday, CQ..

Pahahahaha ...you imbeciles really must like being ridiculed .... i point and laugh ... pahahahaha

[clottedq] 02/12/2021 14:06

Multiple I.D Moron: "The selling is relentless of late."

Doh! I wonder why?

I guess that's what comes of putting your faith in an anonymous twitter poster with 60 followers then. I wonder if she's also promoting turkeys from U-Dog too?

LOLOLOLOLOLOLOLOLOL

CQ ;-)

[jtidsbadly] 02/12/2021 14:04

CQ: re a placing, Anguish still expect EA approval by 17 December and HSE approval early this month. Will they risk delaying a placing until one of these permissions is given or are they so anxious to get one away that they won’t risk waiting?

[clottedq] 02/12/2021 13:52

Sadly,

looks like our resident Multiple I.D Moron will be with us a good while longer... as his latest escape plan from the AIM lobster pot seems to have FAILED

(Oh well... it's something he has in common with the directors of this company at least!)

CQ ;-)

[clottedq] 02/12/2021 13:48

I wonder WHEN George and chums are thinking of putting their hands into their pockets to invest in this "Value Play?"

Been a loooooooooooong radio silence on that score... after they promised to consider it...

Hardly sends out a message of solidarity or self-belief now does it, when the CEO and directors are conspicuously absent from the recent share register!

AIM at its most predictable!

When's the next discount placing George and for how much?

CQ ;-)

[sincero1] 02/12/2021 13:48

stale urine.......

[jtidsbadly] 02/12/2021 13:42

1347: yes, you're right. Jonny hasn’t got a clue, he may not even know this is the Anguish site that he’s squatted on. Just your standard internet troll. Enough said.