Hawklord
31 Oct 2017
Re: Interview Paul Vonk at 121 Oil & Gas Inv... "Lidsey will make the company self funding for years....."
Jon the one
31 Oct 2017
Interview Paul Vonk at 121 Oil & Gas Investment conference It all sounds good to me.[link] this week
Hawklord
31 Oct 2017
Re: 13 days since the rig left Lidsey No, its the shorting and hovering up your cheap shares business. Makes me sick trying to exploit people.
velocipede
30 Oct 2017
Re: 13 days since the rig left Lidsey EB., did you used to be in Dad's army? We're alllll doooomed! How is the undertaking business these days?
EasyBrent
30 Oct 2017
13 days since the rig left Lidsey Angus wrote in their last update on Lidsey that they would begin production when the rig had left the site. The rig left the site 17 Oct. Its very odd that Angus has not given any update on the Lidsey production when the production should have been running for 13 days by now.The risk in the stock is now significant as:1) The company has no cash.2) The Brockham test production has been delayed due to regulatory problems.3) The only potential source of income in the near future is from the Lidsey well. If that doesn't work out well the stock could become a falling knife.
isdeer
26 Oct 2017
Re: Running out of cash Best share on AIM they say. Anyone for a cheroot while we wait .[link]
onewayticket
26 Oct 2017
Re-loaded up again today And why not.January sale prices abound.Own due diligence
oohthatscheep
26 Oct 2017
Re: Running out of cash Aah bless.You pays yer money and yer takes yer chance
theprior
26 Oct 2017
Re: Brockham Another short
EasyBrent
26 Oct 2017
Re: Running out of cash isdeer,The well cost is from Angus AIM Admission document. Its their own estimate. There is also £300k of facility capex for Lidsey which I have missed to include. Angus dosent have any cash is the bottom line. Brockham is yet again delayed. And Angus has not announced any production rate from Lidse yet.
isdeer
25 Oct 2017
Re: Running out of cash EasyWell costs for Lidsey - where did you get the figures?I think they paid 70% and are carrying Terrains's drilling costs for 10% of the field
isdeer
25 Oct 2017
Re: Lidsey flow rate Lets take a good scenario 400 bopd, = 200 bopd net to ANGS at Lidsey 2.200 x $26 = 5200 x say 300 days at full production = 1.56m USD per year.$26 dollars profit is probably on the high side given the low volume and therefore increased OPEX costs, which also increase with any downtime for work overs etc.AV $54 per barrel, less $18 opex and circa $10 vat and sales costs = $26 with zero tax.Can it sustain a flow rate of ? bopd and how large is the oil reservoir?.
EasyBrent
25 Oct 2017
Running out of cash Angus Energy is running out of cash-> Angus should have a negative cash balance at this point.- Cash of £2296k by 31 Mar 2017- SG&A cost of £950k/half year, adding up to £1108k by end of October- Lidsey well cost £1138kOnly SG&A and Lidsey well cost taking down cash balance to £50k-> Angus has also incured additional cost at Brockham for facility upgrades since 31 Mar,which take down the cash balance below zero.Angus can only use the bond facility when the company is producing oil. The risk for a placing over the coming weeks is very significant.
isdeer
24 Oct 2017
Re: Lidsey flow rate and im here because iv'e been banned from LSE till Friday for telling the truth
isdeer
24 Oct 2017
Re: Lidsey flow rate on LSE they are on about 2000 bopd and $40 a barrel profit with opex costs of $14.I know they have tax credits but they seem to have forgotten about VAT and point of sale costs.
