Investor Questions

The Company invites investors to submit their questions for Angus Energy to be answered by management on the 30th of each month (or closest working day to this date).

In order to give our team the time to answer all questions with proper consideration, timescales for submission are as follows. All questions submitted before the 20th of each month will be answered by the 30th of the same month. Any questions submitted after the 20th will be answered by the 30th of the following month.

No subjects are off-limits, however for a question to be answered it must be both sensible and not abusive. To ensure that these guidelines are followed, questions will be approved before they are published on the website. The management team will attempt to answer all questions submitted every month but in the event of there being too many we guarantee that the 10 most popular questions will always be answered. Investors may indicate their approval of a question by pressing on the thumbs-up button underneath each published question.

Questions that do not contain price sensitive information will be answered within this forum. Questions that do require the revealing of price sensitive information will also simultaneously be answered via a formal RNS news release on the dates specified above.

To submit a question, please fill in the form below. After completing the form below, you will receive a confirmation request from the company. Confirmation by the author is mandatory and all submissions must be validated by email no later than 23.59 on the 19th of each month.

Question Submission

Q and A details

Please note:

  • Personal details associated with submitted questions will not be made public.
  • Questions will be attributed to the author on a first name basis only, during the call.
  • Management will do its best to answer all validated questions but for commercial reasons reserves its right to exclude a validated question.

Most Popular Questions

Whilst I acknowledge that Jonathan Tidswell is no longer a board member, it is not abundantly clear what he is being paid for or what his purpose here is any longer.  His continued involvement is proving very damaging to investor trust and the wider perceived confidence in this company.  Would it not be better for him to resign fully for the benefit of all shareholders?

Asked on 9 October 2019

When Horse Hill was fist discovered as the Gatwick gusher it was said that to get it to flow took a bit of persuasion.  When Angus took over Brockham it was hailed as a carbon copy and maybe even better with a thicker oil bearing layer.  Why didn’t you attempt to coax out the oil as UKOG did at Horse Hill and whose decision was it to abandon trying ?

Asked on 3 October 2019

There has been a lot of shareholder debate as to the events leading up to a declaration that the Brockham Kimmeridge is unlikely to be commercial, in particular certain investors seem to think that Angus knew for sometime that the well was unlikely to flow and, therefore, there was never an intention to conduct an EWT. To put these rumours to bed, will ANGS be able to provide a more detailed written synopsis as to the events leading up to the declaration, commencing from December 2018?

Asked on 3 October 2019

Will you have to set aside a full cash provision against abandonment of the Saltfleetby Gas Field at the outset?  [Investor Presentation Sept 30 2019]

Asked on 3 October 2019

The planning application for Balcombe does Not show any gas to wire for the surplus gas that may be encountered. Is the gas just to be flared off ?

Asked on 17 October 2019

Can you explain what is the actual reason for not being allowed to inject water at Brockham?

It is my understanding that you still haven’t carried out CBL wireline logging runs on each well at Brockham to appease the OGA, EA to enable Lidsey produced water to be reinjected at Brockham?

It should have been done as soon as Angus took over the Field, yet it wasn’t carried out.

A simple case of confirming well integrity  – i.e.no leaks in the casing / cement behind casing across the aquifers would enable water reinjection to be restarted at a deeper depth.

You have had so many opportunities to do it with the HG Wells logging truck being at Brockham Nov / Dec 2018 and Jan / Apr 2019.

Asked on 17 October 2019

Is the timescale for reconnection of the Saltfleetby Gas Field between May and August 2020 still realistic? [Investor Presentation 30 Sept 2019]

Asked on 3 October 2019

The RNS issued 1 October acknowledges that certain shareholders and/or historic investors are considering taking action against Angus Energy. Can Angus Energy confirm they will take all available legal steps to robustly defend against any future action if any and will not pander to any hopes of a quick win out of court settlement. To the extent persons continue to post blatantly untrue accusations on bulletin boards or other forms of social media etc, will Angus consider defamatory actions if they consider these appropriate to protect the reputation and goodwill of the company?

Asked on 3 October 2019

How quickly do you expect West Sussex County Council to respond to the Balcombe Planning Application? [Investor Presentation Sept 30 2019]

Asked on 3 October 2019

The Gas to wire generator was on the original site layout for equipment, but was then subsequently removed. How could you test / flare without it?  The associated connection to the National Grid for the distribution of excess power generated on-site was an OGA prerequisite as confirmed in an Angus RNS dated 23 October 2017.  Can you confirm that the electrical hook up to the National Grid at Brockham was actually 1. started and 2. completed and 3. if it wasn’t carried out then please state the reason why?

 

Asked on 17 October 2019

Why is Lidsey seismic taking so long?

Asked on 3 October 2019

Have you not encountered water at Balcombe and if so how is this different from Brockham? [Investor Presentation 30 Sept 2019]

Asked on 3 October 2019

Are you still aiming to sell your interest in Brockham? [Investor Presentation Sept 30 2019]

Asked on 3 October 2019

When will Jonathan Tidswell repay his loan to Angus?

 

Asked on 18 October 2019

What are the milestones to reconnection of the Saltfleetby Field to the National Gas Grid? [Investor Presentation Sept 30 2019]

Asked on 3 October 2019

Did the flow test at Brockham fail due to N2 lift and subsequent complications with the blocking of the natural fractures? Might Brockham flow like or better than HH if the same approach is applied with a new well?

Asked on 9 October 2019

Is the application to become Licensor and Operator of the Saltfleetby Gas Field now being processed by OGA?  [Investor Presentation Sept 30 2019]

Asked on 3 October 2019

What are the principal standards and requirements which National Grid Transmission will need before they will consent to reconnection of the Saltfleetby Gas Field and how do you propose to meet them?  [Investor Presentation Sept 30 2019]

Asked on 3 October 2019

Why are Angus spending more money on 2D seismic when you only did it several years ago.  You would be more prudent doing 3D seismic as shown at Rathlins West Newton asset where they know exactly the size of the asset due to 3D seismic.

Asked on 17 October 2019

What is the earliest you could know if balcombe is mature oil? What do you need to do to ascertain this?

Asked on 17 October 2019

How can you be so confident of the flow of gas from the Saltfleetby Gas Field following reconnection?  [Investor Presentation Sept 30 2019]

Asked on 3 October 2019

Why has the Balcombe Planning Application taken so long to submit?  You originally advised the end of August as the latest date.  [Investor Presentation 30 Sept 2019]

Asked on 3 October 2019

Are you as confident of gas flowing [at Saltfleetby] as you were of oil flowing [at Brockham]?

Asked on 9 October 2019

As we already had permissions to drill and test the Portland at Brockham why are we not doing that to get some near term cash flow?

Asked on 18 October 2019

How much would the seismic work on Lidsey cost?  [Investor Presentation Sept 30 2019]

Asked on 3 October 2019

What is the difference between this Balcombe Planning Application and the last and if it is so similar, why can you not rely on the last one?  [Investor Presentation 30 Sept 2019]

Asked on 3 October 2019