Angus Energy Share Discussion Threads

[jtidsbadly] 18/1/2022 15:01

JA51: I’ve seen a reference to this Orwell company elsewhere. It’s miniscule, isn’t it? Why the excitement here? I’m not sure that posters here are not exaggerating the skills of these people. As far as I can see, they make it up as they go along. I do note the address. When will Anguish move there, or will they wait and see if it survives long enough to make it worth while?

[3put] 18/1/2022 14:51

JT, you are going to have to de ramp this big time

[3put] 18/1/2022 14:51

Show me the cash

[3put] 18/1/2022 14:49

18 January 2022



Angus Energy Plc

("Angus Energy", "Angus" or the "Company")

Strategic Review, Formal Sale Process ("FSP") Update

The Company notes the announcement today by the Board of Sound Energy plc ("Sound") of a possible offer for the Company. The Board of Angus has invited Sound to execute an NDA along with the other interested parties already referred to in our announcement of 17 January in order that they may have access to all information required to engage in proper due diligence on an equal footing with those other parties.

George Lucan, CEO, commented:

"We will proceed with our Formal Sales Process, without preference to any party and with confidentiality afforded to those parties who wish to enjoy it, as previously advised to the market and in order to secure the maximum value for our shareholders."



Formal Sale Process ("FSP")

Any interested party will be required to enter into a non-disclosure agreement with the Company on terms satisfactory to the Board. The Company then intends to provide such interested parties with certain information on the business, following which interested parties will be invited to submit their proposals to Beaumont Cornish Limited.

Further announcements regarding timings and procedures for the FSP will be made as appropriate.

The Board reserves the right to alter any aspect of the process or to terminate it at any time and will make further announcements as appropriate.

The Board also reserves the right to reject any approach or terminate discussions with any interested party or participant at any time.

The Takeover Panel has granted a dispensation from the requirements of Rules 2.4(a), 2.4(b) and 2.6(a) of the Takeover Code such that any interested party participating in the formal sale process will not be required to be publicly identified as a result of this announcement (subject to Note 3 to Rule 2.2 of the Takeover Code) and will not be subject to the 28 day deadline referred to in Rule 2.6(a), for so long as it is participating in the formal sale process. Interested parties should note Rule 21.2 of the Takeover Code, which will prohibit any form of inducement fee or other offer-related arrangement, and that the Company, although it may do so in the future, has not at this stage requested any dispensation from this prohibition under Note 2 of Rule 21.2. Following this announcement, the Company is now considered to be in an "offer period" as defined in the Takeover Code, and the dealing disclosure requirements summarised below will apply.

This announcement is not an announcement of a firm intention by any party to make an offer under Rule 2.7 of the Takeover Code and there can be no certainty that an offer will be made, nor as to the terms on which any offer will be made.

END.

[3put] 18/1/2022 14:49

18 January 2022



Angus Energy Plc

("Angus Energy", "Angus" or the "Company")

Strategic Review, Formal Sale Process ("FSP") Update

The Company notes the announcement today by the Board of Sound Energy plc ("Sound") of a possible offer for the Company. The Board of Angus has invited Sound to execute an NDA along with the other interested parties already referred to in our announcement of 17 January in order that they may have access to all information required to engage in proper due diligence on an equal footing with those other parties.

George Lucan, CEO, commented:

"We will proceed with our Formal Sales Process, without preference to any party and with confidentiality afforded to those parties who wish to enjoy it, as previously advised to the market and in order to secure the maximum value for our shareholders."



Formal Sale Process ("FSP")

Any interested party will be required to enter into a non-disclosure agreement with the Company on terms satisfactory to the Board. The Company then intends to provide such interested parties with certain information on the business, following which interested parties will be invited to submit their proposals to Beaumont Cornish Limited.

Further announcements regarding timings and procedures for the FSP will be made as appropriate.

The Board reserves the right to alter any aspect of the process or to terminate it at any time and will make further announcements as appropriate.

The Board also reserves the right to reject any approach or terminate discussions with any interested party or participant at any time.

The Takeover Panel has granted a dispensation from the requirements of Rules 2.4(a), 2.4(b) and 2.6(a) of the Takeover Code such that any interested party participating in the formal sale process will not be required to be publicly identified as a result of this announcement (subject to Note 3 to Rule 2.2 of the Takeover Code) and will not be subject to the 28 day deadline referred to in Rule 2.6(a), for so long as it is participating in the formal sale process. Interested parties should note Rule 21.2 of the Takeover Code, which will prohibit any form of inducement fee or other offer-related arrangement, and that the Company, although it may do so in the future, has not at this stage requested any dispensation from this prohibition under Note 2 of Rule 21.2. Following this announcement, the Company is now considered to be in an "offer period" as defined in the Takeover Code, and the dealing disclosure requirements summarised below will apply.

This announcement is not an announcement of a firm intention by any party to make an offer under Rule 2.7 of the Takeover Code and there can be no certainty that an offer will be made, nor as to the terms on which any offer will be made.

END.

[ja51oiler] 18/1/2022 14:43

Maybee, he sold up to get in with his buddies here?



Full details of Shareholders
The details below relate to individuals/corporate bodies that were shareholders during the review
period or that had ceased to be shareholders since the date of the previous confirmation statement.
Shareholder information for a non-traded company as at the confirmation statement date is shown
below
Shareholding 1: 250000 ORDINARY shares held as at the date of this confirmation
statement
Name: PAUL FORREST
Shareholding 2: 2016324 ORDINARY shares held as at the date of this confirmation
statement
Name: CARLOS FERNANDES
Shareholding 3: 2250000 ORDINARY shares held as at the date of this confirmation
statement
Name: BUTHEL GROUP HOLDINGS
Shareholding 4: 2069674 ORDINARY shares held as at the date of this confirmation
statement
Name: JONATHAN TIDSWELL-PRETORIUS
Shareholding 5: 250000 ORDINARY shares held as at the date of this confirmation
statement
Name: CRAIG HUDSON
Shareholding 6: 250000 ORDINARY shares held as at the date of this confirmation
statement
Name: PIE

[3put] 18/1/2022 14:24

Hits told us all it was going up

[chickbait] 18/1/2022 14:21

This is the last RNS I can find with JTP's Major Holding(s) in Company

Amount of shares = 24200000

Fri, 13th Jul 2018 16:13

RNS Number : 6496U
Angus Energy PLC
13 July 2018

For immediate release 13 July 2018

Angus Energy plc



("Angus Energy" or the "Company")



Holdings in Company



Angus Energy has received a TR-1 form which is reproduced without material amendment

below :



TR-1: Standard form for notification of major holdings



NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

[1347] 18/1/2022 14:19

I note with the latest offer Unsound Energy indicate an implied value for the share capital of £21.6 million. I would point out that in the week before the requisition that installed Lucan the market capitlisation of Anguish Energy was circa £50 million. So just £30 million to go then to get back to where he started.

[1347] 18/1/2022 14:12

JT Going back to an earlier comment of yours, the HSBC TR-1s did not mention that JTP was the holder of the shares when they sold down in Feb/March 2021 so what makes you think they were included?

[chickbait] 18/1/2022 14:10

Wed, 8th Aug 2018 15:09

RNS Number : 2412X
Angus Energy PLC
08 August 2018

For immediate release 8 August 2018



Angus Energy plc



("Angus Energy" or the "Company")



Holdings in Company



Angus Energy has received the following TR-1 forms (one from Jonathan Tidswell and the other from America 2030 Capital Limited) which are reproduced without material amendment below :



TR-1: Standard form for notification of major holdings



NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i


1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Angus Energy Plc

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer


2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments


An event changing the breakdown of voting rights


Other (please specify)iii:


3. Details of person subject to the notification obligationiv

Name

Angus Energy Plc

City and country of registered office (if applicable)

London, UK

4. Full name of shareholder(s) (if different from 3.)v

Name

Jonathan Tidswell

City and country of registered office (if applicable)


5. Date on which the threshold was crossed or reachedvi:

03/08/2018

6. Date on which issuer notified (DD/MM/YYYY):

08/08/2018

7. Total positions of person(s) subject to the notification obligation


% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

6.15


6.15

23500000

Position of previous notification (if

applicable)







8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)


23500000


6.15












SUBTOTAL 8. A

23500000

6.15





B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expirationdatex

Exercise/Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights




23500000

6.15













SUBTOTAL 8. B 1

23500000

6.15

[chickbait] 18/1/2022 14:06

Holding(s) in Company
Fri, 13th Jul 2018 16:13

RNS Number : 6496U
Angus Energy PLC
13 July 2018

For immediate release 13 July 2018

Angus Energy plc



("Angus Energy" or the "Company")



Holdings in Company



Angus Energy has received a TR-1 form which is reproduced without material amendment

below :



TR-1: Standard form for notification of major holdings



NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i



1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Angus Energy Plc.

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer



2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments



An event changing the breakdown of voting rights



Other (please specify)iii:



3. Details of person subject to the notification obligationiv

Name

Angus Energy Plc.

City and country of registered office (if applicable)

London, UK

4. Full name of shareholder(s) (if different from 3.)v

Name

America 2030 Capital Limited

City and country of registered office (if applicable)

London, UK

5. Date on which the threshold was crossed or reachedvi:

11/07/2018

6. Date on which issuer notified (DD/MM/YYYY):

11/07/2018

7. Total positions of person(s) subject to the notification obligation



% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

7.65



7.65

24200000

Position of previous notification (if

applicable)

8.67



8.67






8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)



24200000



7.65























SUBTOTAL 8. A

24200000

7.65





B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expirationdatex

Exercise/Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights



































SUBTOTAL 8. B 1









B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expirationdatex

Exercise/Conversion Period xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights











































SUBTOTAL 8.B.2














9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii



Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)



Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

America 2030 Capital Limited

7.65



7.65

[3put] 18/1/2022 14:00

Excitement building

[3put] 18/1/2022 13:59

RE: Bidding war started!!Today 13:32
These things always follow the same pattern.
1. A low derisory offer is put on the table to test the water, which is nearly always rejected.
2. Other players then submit more realistic offers
3. A deal is signed which normally reflects the true value of the company.

This could well be between 3.5-5p IMO

GLA

[3put] 18/1/2022 13:59

RE: Bidding war started!!Today 13:32
These things always follow the same pattern.
1. A low derisory offer is put on the table to test the water, which is nearly always rejected.
2. Other players then submit more realistic offers
3. A deal is signed which normally reflects the true value of the company.

This could well be between 3.5-5p IMO

GLA

[3put] 18/1/2022 13:59

Small cap movers: Stampede for Angus Energy shares as it puts itself up for sale
A look at some of the major movers in London in the small-cap universe this week

Angus Energy PLC -
Angus Energy PLC (AIM:ANGS) jumped 46% to 0.95p this week after it put itself up for sale.

The company said it has had a series of approaches from parties interested in buying some or all of the company's 51% interest in the Saltfleetby Gas Field asset. One approach led to a non-binding offer that is under consideration. Additionally, the board has received indications that certain parties may be interested in making an offer for the company.

The board has now determined to undertake a review of the company’s strategic options, which include a sale of the company.

The exotically named t42 IoT Tracking Solutions PLC – the IoT bit stands for “Internet of Things” but what the t42 bit means is anyone’s guess – leapt 38% to 22p after the company signed a five year US distribution contract to provide container tracking solutions for OpenBox Ventures Inc.

OpenBox distributes cutting edge technologies across the US security industry ensuring the integrity of goods transported in shipping containers.

“The contract with OpenBox reflects our new strategic focus on the global shipping container market,” said Avi Hartmann, the company’s chief executive officer.

Another nautical contract win was behind the 32% rise in the share price of SRT Marine Systems PLC (LSE:SRT), the maritime domain and coastal surveillance and monitoring systems provider.

The company said its SRT-MDA System project has been adopted by a national coast guard; that’s an organisation, not just one person in a swimsuit.

The contract award is for the first of three phases of a project worth a gross total of £40 million.

Digitalbox PLC (AIM:DBOX), the digital media business that owns Entertainment Daily, The Daily Mash and The Tab, said all three brands traded better than anticipated in December.

The share price increased by around one-third as the company revealed that revenue and underlying earnings (EBITDA) for 2021 are expected to be significantly ahead of market guidance issued just a month ago.

Blue Star Capital PLC (AIM:BLU) was one of the week’s top performers, rising 34% to 0.535p but no one seems to know what, not even the board of the investment company, which put a stock market announcement saying it knew of no reason for the recent rise in the share price.

Hornby PLC (LSE:HRN), the company that makes the eponymous train sets as well as Airfix models and Scalextric racing kits, was given a leg-up by the news that Henry de Zoete, “an entrepreneur and alumnus of renowned Silicon Valley start-up accelerator Y Combinator”, is joining the board as a non-executive director.

“Hornby, Scalextric, Corgi, Humbrol and Airfix are all incredible, heritage brands that I grew up with. I am really excited to give strategic input as the brilliant team focuses on digital transformation and growth, to build the business for generations to come,” De Zoete said.

The shares chugged 31% higher to 54.5p.

M&C Saatchi PLC (AIM:SAA), the advertising group, confirmed it received a preliminary approach from an investment vehicle connected with its deputy chairman, Vin Murria. The statement came in response to press speculation.

AdvancedAdvT Limited confirmed on Friday it is interested in exploring a share exchange merger with M & C Saatchi, which would be a reverse takeover.

The likelihood that there will not be a cash offer took some of the gloss off the week’s gains for Saatchi but the shares still rose 16% this week to 194p.

Faron Pharmaceuticals Oy (AIM:FARN, OTC:FPHAF) announced the appointment of Marie-Louise Fjällskog as its chief medical officer with immediate effect.

The news sent the shares 10% higher to 161p.

Caspian Sunrise PLC (AIM:CASP) lost around a quarter of its value this week as it confirmed it had decided to temporarily suspend its drilling and production activities in response to the ongoing political uncertainty in Kazakhstan.

Another stock hitting the skids was UniVision (AIM:UVEL) Engineering Ltd, the Hong Kong-based surveillance systems specialist, which is embroiled in what looks like a nasty dispute with one of its sub-contractors, T&P Solutions.

UniVision (AIM:UVEL) said T&P has submitted a winding-up petition to the High Court in Hong Kong, alleging outstanding debts owed by UniVision (AIM:UVEL) of HK$5,955,760, which is roughly £565,280, in relation to contractual agreements.

As is often the way of these things, not only is UniVision (AIM:UVEL) contesting the petition it is considering making a counter-claim against T&P for breach of contract.

The company lost a fifth of its value with the shares slumping to 0.6p

[clottedq] 18/1/2022 13:57

Had a thought:

Has anyone considered that George Lucan might be amenable to the idea of selling the company to Sound Energy because the management of that company almost make him look good?

Well... OK... "Good" is a stretch too far... But Sound management have proven to be so bad, that at least it would take the spotlight off George's appalling financial planning & operational delivery & shine it directly on another team of incompetents instead.

If ANGS are SERIOUS about a sale... they should start the conversation with a company that could actually afford to buy them with cash and have sufficient money in reserve to get Poundland up & running - anything else is just the usual AIM bullsh*t IMHO.

CQ ;-)

[chickbait] 18/1/2022 13:55

Directors Deals for Angus Energy (ANGS)
Announced Traded Action Notifier Price Currency Amount Holding



14-Nov-16 28-Oct-16 Notification of Holding Jonathan Eldred Tidswell-Pretorius 0.00 0 39,500,000

[shareprofessor] 18/1/2022 13:55

The small increase in share price suggests the market does not take the potential offer from Sound Energy earnestly. I concur. However it is an increase in share price nonetheless thus indicating that further offers will have a positive impact on the share price. One can only imagine to what level if a recognised, respected name is attached.
Discouragingly this RNS has allowed the regular derogatory contributors to be flexible with their hypotheses , how sad. At which point do repetitive predictions , for example an impending placing , that then, of course, do not come to fruition stop being taken notice of ? For me sometime ago.

[3put] 18/1/2022 13:53

There is still a concerted effort, by clearly disingenuous posters ,in online forums to discredited the company and its partners using negative supposition. What does the company intend to do about this ? Asked on 1 December 2021
Healthy debate is genuinely a positive for a company, but there have been a group of concerted individuals, using differing aliases, who have spent three years trashing the company’s previous management, the company and now its new management.

Looking back at their posts: our Saltfleetby Gas Field was first a sham or a fraud “PoundlandR21; asset and not woth anything. Then it was worth something, obviously, but not much and in any case would never be financed. Then it was financed, but would never be built. Then it was revalued at £25m P90 NPV (or expressed as 2P net cash flow to Angus, £55 million) fully financed and being built, but it would never be permitted by EA etc. It goes on.

We are not a company which seeks to Cancel debate; all we can do is steadily progress this project, restore to some value the legacy oil fields which were left to present management, and build out other, alternative energy, demonstratively scalable and commercially valuable projects for our shareholders.



What is the latest estimated schedule for drilling the sidetrack? Thank you. Asked on 25 November 2021
As advised in RNS of 30 November, this is likely to be a few weeks after First Gas when the Field has achieved steady flow.

Civil Works

We havent seen any evidence of civil works starting at SFB. Concrete foundations will be required for the equipment and ISBL pipe work.

Equipment power generator & switchgear was planned to arrive in October, Separators storage tanks & ground flare was planned to arrive this month November, Gas compressor also in November – see 11 August 2021 RNS No. 34411.

Having all the necessary foundation completed will save time. Can you please clarify as to whether the civil works have started? If not, why not? Thank you. Asked on 25 November 2021
We have answered the civil engineering question elsewhere. As regards specific equipment, our date of February 2022 for First Gas takes into account delays on the skids as detailed in RNS of 30 November.

[ja51oiler] 18/1/2022 13:52

JTP got diluted below the 3% threshold last year, as did JDA Consulting...AKA Nathan Adamson....(sounds Australian)...LOL in the recent placing.

Haven't seen a form for either yet!


He is Australian by the way!