Todays ‘ramptastic’ horse shit RNS from Angus Energy (LON: ANGS) has had me in giggles, as with any thing ‘Captain Ramptastic’ David Lenigas is involved in, or with, its a total ramptastic obfuscation. Where is the oil? It’s a simple question. After finishing the drill there’s not one word in the RNS or one number of the actual oil that is going to flow. Nothing, zippo. Talk about dragging things out and flogging a dead horse springs to mind. So what I will do is I will help the lumpenproletariat work out what the flow rate/s are likely to be. After all some one has to do it because Mr ‘Willy Vonky’ seems to have forgotten to put the numbers in….
The simple fact is the ‘Great Oolite’ will flow oil. I don’t doubt that, it’s a proven reservoir. A piss poor one but never the less one. What I do know is that the last time it flowed at Lidsey in 2015 TOTAL PRODUCTION FOR 2015 was 758 barrels of oil! That is a fact on the UK Oil & Gas Government website. Not only that the first time it was drilled in 2007 it started to produce in 2008. It flowed 1673 barrels of oil total production for 12 months. That is to say approx’ 140 barrels a month or about 5 barrels a day if you average it out. Since 2008 production has DECREASED! And the numbers are shite!
Now you can, and rightly so, should challenge me on my facts. So take a ‘butchers’ at the infographic below. That is the UK Government infographic of Lidsey production since it was first drilled in 2007! Now if you think that’s a photo-shop mock-up then click this link here and check it out yourself. https://itportal.decc.gov.uk/pprs/full_production.xlsx
The best the Great Lidsey ‘Gusher’ has ever produced in a month is 253 barrels of oil. Take any month from day one and oil production is in decline. The facts ladies and gentlemen are on my side. The so-called Lidsey oil bonanza trumpeted out by the likes of the well-known lying Aussie shyster, David Lenigas, are a figment of his lying imagination. Took up by the Mongol hoards who help him P&D.
There are no 10,000 barrels of oil a day gushing up here chump. Indeed horizontal drilling increases production, by 3/4 times, on the above figures that would give best case scenario circa 5,000 barrels total production for ONE YEAR!
Now let me educate you all. When a company especially a micro-crap oiler hits gushing oil flows they announce it like ‘shit off a shovel’ they put in the numbers. When they don’t and constantly prevaricate without giving any numbers then you should all be fearful. Very fearful…. Indeedy do, when they keep constantly referring to other super dooper gazillion barrel potential plays like the Kimmeridge shales, that will never ever be brought onto production then that is a red flag. It is Deflection. As is the so-called third well that they refer to. Todays RNS is riddled with Deflection. The Art of Deflection is a well-known ploy of shysters, especially corporate shysters.
Lidsey is at best a bread and butter oil play. That is it. The decline rate is 50% plus. Which means that whatever Mr ‘Willy Vonky’ announces will need constant work-overs just to keep the wells going, capital expenditure that they simply do not have. There is a placing coming here, which explains the wholesale prevarication in the RNS. Take a good read of the XODUS CPR report which specifically states that Angus Energy only ‘Just Makes It Over The Line on IPO’ criteria. The recovery rate of the 9.7m STOIIP is about 10% at best. You never slurp up all the oil. Indeed XODUS and Angus tell us this: Outlook; “Following the conversion of the Brockham well and the drilling of the Lidsey-2 horizontal producer the Group expects to have a net production by the end of the next reporting financial year of approximately 150bopd, in line with the P50 PRODUCTION GUIDANCE GIVEN BY XODUS IN THEIR CPR”.
I warned investors on UKOG. Most of you are now nursing a sore head and a battered ego. I warn you all again on Angus Energy. The production that is coming isn’t what has been hyped to Horse Hill!
Lot of people are going to get wiped out when the piss poor production is announced. Never mind the next placing….
Before I start the next ‘Rip’ of the shyster that runs Nostra Terra Oil & Gas (LON: NTOG), I’m going to tell you a real life short story. So bear with me as it’s indicative of the dirty deceits perpetrated by the shyster Matt Lofgran, on UK Retail Investors.
The story of Gesseppe ‘Ges’ was a small time investor in Nostra who believed and invested. Ges was and is an Old Age Pensioner. Ges put, (to him) a hefty sum of his life savings into NTOG, Ges was wiped out. Ges began to investigate in-depth and posted his findings online. Ges recently got a solicitor’s letter from NTOG threatening him trying to force him to ‘shut up’. I know Ges and have spoken to him. He manages to survive on his state pension and what little he can earn via ‘odd jobs’ life is hard for him but he is an intelligent proud man in the twilight of his years who has suffered horrendously at the hands of what is little better than a Fraud. There are many Ges’s out there which is why I take it upon myself to expose people like Matthew Lofgran and his band of Merry Pump & Dumpers. So when you’re reading the next Ramptastic Horse Shit of an RNS. Remember Ges….
It was with a wry smile that I read last weeks ramptastic NTOG RNS on a hedging facility. The pump & dump crew employed and associated with Nostra Terra Oil & Gas was out in force. The SP rose to way over 3p from 1.25p. Suckers were suckered in, greed often gets the better of the human spirit, common sense goes out the back-door, but as sure as night follows day the truth always wins. That truth landed a day or so later when the Nostra interims were announced. Losses of £16,000,000. Liabilities of £1,092,000 and CASH in hand of £94K. Of course that was the financial position of this POS on 30th June 2017. A full three months have elapsed since then. Now I’m going to take you all on a journey and tell you all the story of Nostra Terra Oil & Gas since Day1. The day that this God awful shite company was taken over by Lofgran the shorting CEO and proven liar. It’s a forensic analysis that all should read.
Shorting CEO. More changes than a Pantomime! Liar.
The convoluted story here started on June 30th 2009. Since that day eight years ago the ‘Jackanory’ has had many changes, nomads, brokers, assets, wells, promises, false dawns, directors, advisers, geological plays, countries, US states of operation, debt providers etc. The story-teller in chief and the only fixed point of reference is the man running the scam/lifestyle company; Matt Lofgran. Who uses any and every platform known to man to ramp, lie & deceive, to get placing cash in. Twitter, Presentaions, Vox pumpcast, online shyster bloggers, podcasts, etc.
Since day one Lofgran has raised over £11,000,000 pounds via approx’ fourteen placings which doesn’t include their debt facility finance such as the $25m Texas Bank RBL facility, the $3M and $5M YA Global Master SPV Ltd Loan/SEDA facility, not to mention the £235,000 loan provided by Devon Energy Ltd. None of this includes the millions of dollars of oil revenue also skanked away lining the pockets of the corporates, Lofgran and paying debt fees and borrowings just to tread water backwards!
The shares in issue from IPO AND pre consolidation went from 301M to a thumping 4,110,347,691 Yes over four Billion shares! The dilution and value destruction here is incredible. But it gets even worse. Post the CONsolidation Lofgran has issued 38,359,817 shares. To put that into perspective pre the 50-1 CONsolidation that is another 1.9 Billion shares or circa another 50% dilution post CONsolidation! And in-order to keep lining his pockets there will be more placings and ‘Jackanory’. It’s keep the lights on at all costs to financially rape UK Investors.
If you had invested £500,000 in the 1p Placing on the 3 December 2009 your 50,000,000 shares would now be 1,000,000 shares with a value of £1800 quid!! with an sp of 1.8p. The value destruction of the Lofgran stewardship is one of gargantuan proportions! The example above can be extrapolated from any ‘Placing Point’ in time. Take any placing pre or post CONsolidation and each and every one is massively underwater! The company had £94 grand left 3 months ago! Where has all the tens of millions of pounds gone? They have £90 fooking grand left!!! with liabilities running at eleven pounds to every £1 held!!! This company isn’t an investment. It is a vampire blood sucking entity run by corporate leeches slurping the life blood of UK Retail Investors. It needs a ‘Regulatory’ Stake through the heart! It’s insolvent without placings.
Lofgran has got away with monumental corporate shysterism by constantly flipping the story and leaking information to his Pump & Dump supporters. You can see this every time there’s a rise in the SP. An RNS lands, it’s as regular as clockwork. It’s been eight years of bullshit. Bullshit specifically designed to keep the body politic alive so that Lofgran and his corporate chums can feed off the body! He’s trousered millions of dollars! At the expense of gullible UK retail investors. Even now the Poltroons and Melts are still in ramptastic mode posting utter drivel trying to sucker in so they can exit. By the way.if you’re looking for cash spent on offices you’ll be hard pressed to find it. There are no offices, Nostra Terra is run out of a rucksack. From the home of Lofgran. No secretary, no fax machine, no company telephone number, no coffee machine. Zippo…
Look at how the story keeps being changed. We’ve had the Hoffman Field, Bloom Field, Koelsch Field, Boxberger Field, Oktyabrskoe field, Trapp field, Liberty Well Utah Overthrust Paxton thrust field, Giddings Field, Woodlawn field, Manderson Field, Cottonwood Creek Field, Pine Mills Field, about the only field we’ve not had is Anfield!
As for the geological formations and basins and prospects trumpeted out they beggar belief. I can’t list them as I’d be here for days!!! Take a look at the wells which are by no means an exhausted list but should give you a flavour of the constant ever-changing ‘Jackanory’
We’ve gone fromAustin Chalk, Liberty , Vintage Hills, Nesbitt, Agnello #1 Bale Creek, Verde1, Warrior Prospect, East Ghazalat, Chisholm Trail, High Plains Prospect, High Plains Prospect – Additional Interest Acquired, Verde3, Verde 2 Chisholm Trail 1, Chisholm Trail 2, Chisholm Trail 3, Chisholm Trail 4 5 6 7 etc…… The Jones 1-5H well, The Holt Well, The Gant Well, The Tharp 2-26H Well, The LSEPMU 7-3H Well, The Mel B 1-33H Well, The Katy 21-1H Well, The Bugg 1-25H Well, The Oswald 1-27H Well, The Foster 31-1H Well, The Gant 1-22H Well, The Curly 1-26H Well, The Wilson 3-8-5H well, The Jones CT8 Well, White Buffalo Prospect, the Big Horn Basin, Bollenbach 1-33H Well, San Miguel Prospect, Don Pedro Prospect, Paw Paw Prospect, North Dabaa 1X Well, North Dabaa 2X Well etc. ect. etc….. The list is endless and it goes on and on. I could list each and every one of the piss poor stripper wells and marginal plays such as the twenty Pine Mills Stripper wells. But I’d be here till Xmas.
As for the US states and countries of operation that’s another ‘Jackanory’ in itself: Texas, Kansas, Utah, Oklahoma, Egypt, Ukraine, Colorado, Tunisia, Oklahoma ‘In House’ play, South Eastern Colorado, Wyoming, South Texas, North Africa, New Mexico. The constant twisting and turning of the ‘Jackanory’ is indicative of total failure and of a man who will do and say anything to keep the lights on so he can keep the lifestyle he’s become accustomed to. The ex estate agent is’nt an oil and gas man. The eight years of total failure proves it. Beyond any doubt whatsoever. He’s a charlatan!
Of course there’s going to be yet another Placing and another Placing. NTOG Can’t self sustain and never will because it’s a sham company run for the benefit of Lofgran. Not the share-holders who’ve been wiped out more times than I’ve had hot dinners! The history here ramp, promote, lie, leak, short, pump and dump rinse repeat… The controversy, lies, shorting of his own stock, secret payments and the deceits has made this company toxic. I assign no value whatsoever to their ‘Assets’ as the capex needed to keep them going by far out-stretches the return. Which is why they have £16,000,000+ of losses, your losses. The only value here is listing value. Nostra Terra are worth about £400,000 on a good day lock stock and barrel. That’s sub half a penny. 0.30p a share and that is generous, very generous.
If this POS was a race-horse it’d been taken out and shot to save on Veterinary fees years ago….
Bear in mind when you hold this stock you will lose your cash. History lesson and life lesson… The plain fact, if you hold this POS at any time the SP is rising you’re in danger of a Placing wipe-out. Suffered by everyone and anyone daft enough to hold. Remember ‘The Story of’Ges’….’
Oh what a difference a day makes… Yesterday the lying CEO of Nostra Terra Oil & Gas (LON: NTOG), Matt Lofgran the ex estate agent released an RNS. In yet another attempt to ramp the company share-price in-order to get the NDOG SP to a place that could allow him to pass the begging bowl around yet again. Make no mistake NTOG are desperate for cash and running on vapours. They will place as soon as they can get one away.
Liar! Liar! Shorts his own company! Secret Payments to Ben(T) Turney
The history here is one of total pump & dump, lies, ramp, secret payments to twitter supporters, shorting their own stock, placing upon placing, dilution upon dilution, consolidation upon consolidation, debt upon debt, flogging off assets to keep the lights on as well as failing to report the 50%/60% decline in East Ghazalat oil production, we’ve had the utter fantasy that is Pine Mills, a clutch of Stripper Wells onshore USA marketed as the next best thing since sliced bread. Stripper Wells are marginal wells deemed at the end of their economic life. Each well at Pine Mills is producing a few barrels of oil a day. They need constant workovers which again is capital intensive. The CAPEX spent by far out strips the return. They will never be in profit in the near, not so near or even the foreseeable future. Then there’s the ‘Eye of Sauron’, yes the AIM Regulation Team who’ve been inundated over the last 2 years with complaints regarding the Shysterism perpetrated by Lofgran. The exposes on shorting his own company, making secret payments to the self confessed drug dealer Ben(T) Turney. Jesus the list is endless.
The usual paid for mouthpieces were out in force tweeting and podcasting hammering the BB boards with the usual utter shite. The SP had a spike to way over 3p. Today the sp is in freefall as the reality of exactly what a hedging facility is and why they have to have it sinks in. They are taking on more Debt because they have no cash and production is down to slurping out a few barrels of oil out of 20/30 stripper wells. No revenues from East Ghazalat which is mired in legals, debt and accusations of fraud with a declining production of over 50%.
Nostra Terra Oil & Gas haven’t got a pot to piss in and on top of the massive Debt that they already have, they’re taking on more Debt.Their liabilities and historical losses are in the tens of millions of dollars. That is a fact. So the hullabaloo about a hedging facility can be summed up in a Nutshell. One of the terms and conditions to taking on yet ever more Debt is having the facility that helps to protect the Lender not the Company! A hedging facility works thus: NTOG pay fees to the provider of the hedging facility to insure that if the oil price drops below lets say $50 per barrel to $45 then the provider of the hedging facility makes up the difference i.e. They pay the shortfall which would be $5 per barrel. NTOG have to pay all oil revenues to their new Lender to not breach the new Debt Agreement and pay their hedging fees regardless of where the oil price is. Not exactly a game changer is it? Back to where you came will go the SP. Below 1.5p. Worth about 0.50p listing value only. Beware of the ever present danger here. They’ll Place as soon as they can get one away.#POS
It is yet another ruse to sucker in the BB poltroons and Melts. There’s ‘nowt’ quite like a BB Loon they’ll believe any old shite and pile in like the uneducated lemmings they are. Just another pump and dump. The dose of reality, although hard to swallow, usually takes a few days to be digested.
Which in turn helps to flush out the stomach and we all know what comes out the other end….
There’s billions & billions all recoverable in Horse Hill, WHICH IS WHY I SOLD THE LOT! ASAP!
Here we go yet again….. Another UKOG & Horse Hill bullshiter Mr Andrew Bell of Regency Mines has sold out completely. Today’s RNS is indicative of the whole Horse Shite hill scam. Read HERE. Bell known as ‘CalamityBell’, was only saying as recently as a few days ago in the Financial Fox video when asked by the Market Guru Zak Mir how super dooper is Horse Hill? CalamityBell goes on a diatribe of diarrhoea gushing out the ramptastic lies “As I expect, <sic> reinterrupt the whole of the weald <sic> there’s bilions & billions of barrels of oil there, recoverable as well” etc. etc. etc.
‘Captain Ramptastic’ You can’t run a company on bottle tops. Which is what UK Mug punters always end up with after I’ve sold out!
If any one ever needed an eye opener this is it. Just like all the David Lenigas ramps and the Lenigas share sells into the pump this is part of the pump & dump. The scam. This morning it was announced via RNS that actually Regency Mines had sold out every single share in UKOG. So while Bell was being interviewed and telling porkypies he was actually selling UKOG! His belief that there’s “Billions and billions” of barrels of “recoverable oil” is now shown exactly for what it is. Lies. Mr Bell, you have been caught out yet again telling lies and doing the exact opposite of what you were stating to the investing public! Should investors be shocked? No not really Andrew Bell isn’t known as ‘CalamityBell’ with out good reason. His whole history is one calamity after another. Every single company this fooker has always bombs. Placings, dilution, consolidation. Rinse repeat. That is a fact. Andrew Bell is a charlatan.
He has done exactly what ‘Captain Ramptastic’ (Lenigas) and his cohorts have been doing and that is saying one thing while doing the other, selling while telling the muppets how fantastic Horse Hill is. This is done to keep the liquidity going to allow them to trade out. Which is what ALL have done. Optiva, Lenigas, Bell, Strang, Alba, Dor, etc. etc. They’ve all cashed in their chips. You can watch the Financial Fox below. The bullshit starts from the first word out of Bells mouth. For those who don’t want to fill their heads with yet more Bell shite you should fast forward. The question from Zak Mir comes at about 11.30 mins into the video. Great question that basically nails him.
Don’t forget ‘campers’ there’s literally “billions upon billions ” of recoverable oil in the Weald Basin. That’s why David Lenigas et al and Andrew Bell have sold the lot! Take no notice whatsoever of The British Geological Survey, you know them they’re a Globally respected GEO Institution used by major oil companies and oil rich countries, the British Geological Survey has the whole of the recoverable resources in the Weald Basin at 11.25M. Big discreptancy but not too worry. ‘Captain Ramptastic’ and his snide Prick CalamityBell know better. lol!!!
You can fool some of the people some of the time but you can’t fool all of the people all of the time. And you can’t fool retail investors by selling but telling them to buy and hold!
The veil has once again been lifted. Take a long hard look. Follow suit and sell!
It really is game over for Dave Whitby and each and every share-holder of the bargepole stock/company that is Andalas Energy (LON: ADL).
The news here is that the so called agreement with PT PERTAMINA (Persoro) the national state Indonesian Oil Company, which actually was some kind of regional loose MOU with regional PERTAMINA Jambi Province has now ceased to exist! It has ‘Lapsed’ and not been renewed.
Sadly after just speaking to Cantor Fitzgerald they’re refusing to RNS this. Stating that under AIM Rules they don’t need too. Let me educate Cantors and Whitby. Here’s the general rule of thumb on RNS’s on AIM. If the signing of an agreement has to be RNS’d then the termination of that agreement MUST also be RNS’d. To deliberately seek to hide such market sensitive information away from share-holders is fraud & deception!
Demand answers phone Cantor Fitzgerald Sarah Wharry Direct Line 020-7894 8896
I’ll be contacting the AIM regulator as a matter of urgency and seeking another ‘Clarification’ RNS!
It really beggars belief that the Nomad here is assisting Whitby/Andalas to conceal material market sensitive information!
“It takes all the running you can do to keep in the same place. If you want to get somewhere else, you must run at least twice as fast,” the Red Queen told Alice in Lewis Carrolls novel ‘Through the Looking-Glass’.
Which brings me on nicely to the nonsensical ramptastic horse-shit that is currently being shouted, screamed, tweeted, whispered and posted by that well-known Aussie’ bullshitter extraordinaire, ‘Captain Ramptastic’ Mr David Lenigas and his twitter morons about Angus Energy (LON: ANGUS) which now has an £85M market capital valuation based on bread and butter assets currently being portrayed as the best thing since sliced bread.
Angus Energy
Angus Energy are a tiny micro-cap UK onshore oil & gas play they have two licenses in the Weald basin. Brockham and Lidsey. I’ve met their Chairman and Founder, Jonathan Tidswell. Had a few chats with him over the years. He’s a good guy. I like him. An able oil & gas man. The real deal. But even JT will be gobsmacked at the grossly ridiculous valuation of the company. Not to mention the massively over inflated promotion that has seen the SP rise to nearly 40p! Sadly, it looks to me like JT has fallen under the ‘Svengali’ influence of the purveyor of Australian bullshit ‘Captain Ramptastic’. And, why wouldnt he? JT’s stake is currently 16%, valued at a cool £13,500,000 a lot of Wonga…….
There are so many red flags it’s hard to list them all as I’d be here for two days writing them up. It’s that bad. I’ll stick to the main ones. Just to give investors the true flavour and a dose of reality, maybe even a dose of Epsom salts wouldn’t be remiss.
Red Flags
There are NO billions of barrels of oil coming onstream here at Lidsey/Brockham. (Just as there are NO billions of barrels of oil coming onstream at Horse Hill). Regardless of the ramping and gross massive over promotion, indeed there are no hundreds of millions of barrels and again indeed there are no tens of millions of barrels of oil coming on stream here. Now readers may rightly ask, how I can make those statements. Well it’s easy when you know how to research and fundamentally read a balance sheet.
Starting with: The World Leading GeoScience Centre, The 2009 British Geological Survey results which ‘Objectively’ state; “The remaining recoverable oil reserves in the ‘whole’ of the Weald Basin were estimated at one and a half million tonnes. The conversion of that is 11,293,430 barrels, (Eleven million, Two Hundred & Ninety Three, thousand barrels of oil). Yes, folks that’s it 11.29M barrels of oil recoverable in the WHOLE of the Weald Basin! Investors and purveyors of ‘Subjective’ ramptastic shysterism alike should take note of what The British Geological Survey are saying. My money is on them.
Now if you read through the NEX Bond £3,500,000 Memorandum, all 97 pages of it you’ll find so many red flags that one would be hard pressed to build sand-castles to stick them atop. I suggest each & every one of you read it otherwise each & every one of you will continue to be ‘Blinded’ by the shysterism being used to create the liquidity for the corporate hyenas to sell their stock and exercise their warrants. (More of which later in this epistle to the morons). The Truth will set you free and more than likely save you from the massive fall in SP that will hit once the ‘scores on the doors’ land vis-Ã -vis bopd. Not to mention the highly dilutive Placing that is currently being lined up. Read HERE.
Brockham & Lidsey Production
The truth of previous oil production is Lidsey 25bopd; (12 bopd net to Angus). Brockham 35 bopd (21 barrels net to Angus). After the drills/workovers production according to the Xodus CPR, could be; Lidsey 279 bopd (167bopd net to Angus) Brockham 93bopd (55bopd net to Angus) The best-case scenario and I’m being really generous here, not including the decline rates which are over 50%, is 223bopd net to Angus. The on-going OPEX & CAPEX needed to keep production at this level would in all probability render them close to un-economic. These are facts that have been deliberately obfuscated by ‘Captain Ramptastic’.Jonathan Tideswell himself has stated “Following the conversion of the Brockham well and drilling of the Lidsey-2 horizontal producer the Group expects to have a net production by the end of the next reporting financial year of approximately 150bopd, in line with the P50 production guidance as given by Xodus in their CPR”. Now that’s an awful big change from the over promoted IPO presentations and the ramptastic shite of Mr David Lenigas, is it not? Not exactly earth shattering, is it?
Angus Fundamentals
Angus Energy is grotesquely overvalued. A market cap’ of £85,000,000 for a company that may produce 150 barrels of oil from piss poor Bread & Butter UK onshore assets is Alice through the Looking Glass, madness.
The fundamentals here are thus; Angus had on Initial Public Offering (IPO) £3,050,000 (net) in cash. They then raised a further £2,000,000 (gross). As at 31 March 2017 the Company had cash of £2.3M. Again, being generous, ’cause I’m a generous type, I won’t take out the fees of at least £100K from the gross £2,000,000 raised in February 2017. The six-month cash-burn up to March 31 2017 is £2,750,000, which equates to a staggering £458,000 per month spent up to March 2017. Cash was £2,300,000 as of March 2017, 6 months have now passed. So how much of the £2,300,000 is left? Answer Zippo!
Even if you put their cash burn down to £350,000 per month for the period up to Sept’ 2017 this would leave the company with net cash of circa £200K. Are you all getting the picture now? Do you smell the placing?
I won’t put in any liabilities etc. Let’s make it really simple. Asset Value booked in at £2,300,000, cash in hand circa £200,000. Total £2,500,000. Production zippo. The ramped up ‘Hope Value’ is a jaw-dropping £82,500,000. Let’s put some common-sense on the ‘Hope Value’ and assign it a ‘generous’ £5,000,000. That would give a Market Cap’ of £7,500,000 extrapolated into a share value of 3.10p. Let’s double the ‘Hope Value’ to £10,000,000 for fun, 6.2p gives a £12,500,000 Market Cap’. The disparity between the current reality of the Net Asset Value for a micro-cap that may produce 150-223bopd that will decline substantially is humongous! Angus Energy isn’t worth 35p/36p a share! It’s a ramped up uber non-producing micro. With a potential 150-223 bopd. That’s it folks! The value of their shares is 3p at best!
“Hang on you shorter Levi, What about the £3.5M NEX Bonds?”
Firstly, I do not short. That is a fact. I report it as I see it. Anyone with half a brain who takes the time to read the NEX Bond Memorandum will learn that the Bonds can only be issued in tranches and those tranches cannot be issued until, I repeat ‘until’ production starts! Which is why there’s been 7 RNSs, each one announcing to the ‘lumpenproletariat’ (Google it) that the date of issue has been put back. Those Bonds are secured against ALL the companys’ assets, production and SHARES. No production No Bond issue. Can you smell the Horse-shit now?
There will be no Bond issue until production starts. Tranches will be issued in respect of how much free cash is generated which is minimal on 150-223bopd. The AIM Cesspit professionals know there’s a Placing about to drop. It’s the great unwashed, who are being spoon fed Kimmeridge Black gold fairy tales, that don’t!
Now I’m hearing whispers & rumours that investors are being soothed with sweettalk from people who may be from the company or not, or involved in some way with the company, or not, intimating through ‘back-channels’ that they won’t Place. This is ‘porkypies’. I hope that those who may be getting told there’s no Placing, fully funded etc. Upon getting shafted immediately report ‘those’ who may have told them such utter lies. You wont have long to wait. A Placing is imminent.
Kimmeridge Fairy Tales
The share-price is 35.75p it has been ramped up to high heaven. This is a deliberate ploy by the Lenigas ‘Kimmeridge Fairy Tale Gang’ operating out of the corporate Boiler Room that is Jermyn Street London. The mutterings, allusions & twittering’s of untold Kimmeridge clay/shales black gold, billions upon billions just around the corner Tweets, BB posts, CPR and RNS teasers of Kimmeridge tests, allusions to UKOG etc. Nudge! Nudge! Wink! Winks… This has been done by the promoters to deflect away from the cold hard financial reality that is Brockham & Lidsey. These are ‘bread & butter’ onshore assets and they will never ever produce anything other than piss poor, OPEX & CAPEX expensive, oil that declines very rapidly and needs cash thrown at them to maintain production.
‘Captain Ramptastic’ David Lenigas ‘Modus Operandi’
Ramptastic Bullshitter X 140+ Companies
Now I don’t propose to go in-depth into the Modus Operandi in this piece, that will be dealt with in greater detail over the coming months. Brief over view is all that’s needed here. ‘Captain Ramptastic’ has been involved with over 140+ companies in various roles, that figure is probably much higher.
Each and every one of those companies has been massively over-promoted whether that be the greatest gold mine in Wales: Stellar Resources. The world changing eco Boiler: Inspirit Energy. A super dooper airline: Fastjet. Feeding the African continent: Afriag. Cuban Oil & gas oops tourism, oops again, now medicinal cannabis: Leni Gas Cuba. Untold Mexican lithium riches of the battery world, and the Internet of Things: Rare Earth Minerals. Trinidadian black gold riches: Leni Gas & Oil. Tanzanian, Spanish & global portfolio of oil & gas and now helium (Laughing Gas): Solo Oil. The greatest African conglomerate of hotels, ports and agricultural businesses: Lonrho. Onshore UK billions I tell ya billions of barrels of oil in the Weald: UKOG. Diamonds are forever: River Diamonds. That metamorphosed into a Bonanza gold mine: Vatukoula Gold Mines. Fly me to the moon crash and burn: Norse Air Limited. More rare earths. So rare I’ve got two companies: Bacanora Mineral Ltd.Rub in my magic face cream it works wonders for anti-aging: Evocutis. That didn’t work let’s change it to investing in resources: Gunsynd. Now I could go on and on with this list but as I said that’s for another major expose on David Lenigas. But I think that gives you a taster of what this fooker is all about. Ramp, Pump, Dump, Place, Rinse, Repeat.
Each and every company that this man is involved with is ramped to death and each and every company ultimately bombs. Peppercorn stock and warrants are sold into the liquidity that the ‘Over Promote’ causes. How many Angus CONsultants warrants does he have? How many shares has he sold into the pump? David has said he doesn’t have any. Is this the truth? Bearing in mind Doriemus and his recent UKOG warrants forced admission. Placings are used to refill company coffers to pay ‘Captain Ramptastic’ and his cohorts’ Executive Remuneration and to keep the story going of untold riches for investors. Dilutions, placings and consolidations. The people involved with the ownership of the companies, such as the 4% of the UK Energy needs for the next 30yrs ‘Captain Ramptastics’ BB/HH UKOG fantasy, are a complex web of companies/shareholders, a trademark of Lenigas’s affairs. The dreams of UK Investors are always left shattered to smithereens. The transference of wealth from the naive investor to the Corporates complete. Job done Mr. Lenigas quietly exits and leaves the company mouthing some bullshit. Not one of the companies has ever made it to the Big Time.Angus Energy are but one of the many ramps.
David Lenigas has made tens if not hundreds of millions of pounds massively over promoting piss-poor AIM penny stocks. He’s good at what he does. A truly gifted Promoter but that is all he is a Shyster Promoter. The life style is large, Yacht in Monaco, Offices in St James City of Westminster, property in Monaco, properties in London, Australia, 1st Class flights, hotels, bulging bank accounts etc. Tis a champagne lifestyle. He uses the same people over and over again. The cross pollination of companies and directors is well known in the City of London. The usual suspects take their cut and get ready for the next one.
Now if the Fat Promoter would like to challenge that in the High Courts of London then go for it David. I will gladly oblige you and expose you for exactly what you are: A corporate Aussie’ bullshitter, a scammer taking advantage of gullible naive UK Investors, citizens of my country. Bring it on Mr Lenigas.
Angus Energy. Without a ‘G’ is Anus.
Compare An(g)us Energy to let’s say mmmm…… Zenith Energy (LON: ZEN). They’re a producer churning out 350bopd, their Azerbaijan field is way bigger than both of Angus’s and they have half the shares in issue than Angus. The current share price is 7.25p. The Market Cap’ is circa £9M. The difference is that Angus have no production, yet, Zenith have. Zenith doesn’t have the sustained massive ramp/promote. Angus does. By the way Angus only just scrapped onto AIM as a marginal company based upon their IPO and what Xodus says in the NEX Bond Memorandum.
That’s not all Xodus say, in their Executive Summary, page 29, “Xodus has read the Nutech report. Although it presents an interesting comparison with the Horse Hill-1 potential, Xodus’s view is that there is insufficient information available to provide a credible assessment of the petroleum volumes in place and/or recoverable from the deeper reservoirs that is in accordance with the PRMS standards and AIM guidelines”they have put clear water between the wild speculation and manipulation that is being orchestrated on the ‘Billions I Tell Ya’ of Barrels Kimmeridge ‘Hail Mary’ play. Furthermore, they conclude Page 31, that the economics are thus: “An economic analysis was carried out on the Reserves on the Brockham and Lidsey fields. The results are provided in Table 1.4. The Reserves have a small positive Net Present Value (NPV).Now that’s not exactly a ringing endorsement is it folks?
Apart from the fundamentals, which are desperate, Angus have also got to pay their share of Holmwood Licence. Part of the agreement to acquire 12.5% of the Holmwood Licence, the Group agreed to pay certain historic costs incurred by Europa since 1 February 2016 (representing £26,563 of net cost to the Group) and 25% of the costs of the Holmwood-1 exploration well up to a gross well cost of £3,200,000 (representing a potential net cost of £800,000 to the Group) along with certain further costs the details of which are set out in the Xodus Memorandum. Placing? No of course they won’t they’ve got a ‘Money Tree’ from Teresa May! You’re having a laugh aren’t you? “It is therefore difficult for prospective investors accurately to evaluate the Company’s business and future prospects. There can be no assurance that losses will not occur in the short term or that the Company will be profitable in the future“
It gets worse does Xodus Page 45 Contractual documentation: “The Angus Group does not have in its possession executed counterparts of certain of the contractual documents relating to the acquisition and disposal of interests in, and the operations of, its oil and gas assets (including the Licences), the terms of which are referred to in paragraphs 2, 3 and 4 of Part I and 13.3 and 13.7 of Part VI of this document”.On page 51, this is a real killer and an eye opener “Exploration, development and production activities are capital intensive and inherently uncertain in their outcome. As a result, the Company may not generate a return on its investments or recover its costs and it may not be able to generate cash flows or secure adequate financing for its discretionary capital expenditure plans”
I could talk till the cows come home extrapolating literally dozens if not hundreds of caveats that ‘Captain Ramptastic’ doesn’t want you to read. What we have is a massive, orchestrated pump and dump of a bread and butter asset/s using smoke and mirrors while intimating Kimmeridge black gold, cherry picking a hypothesis. The Xodus report makes it crystal clear. There will be no Kimmeridge shale black gold. What the Angus Rampers are doing is constantly ‘alluding’ to Horse Hill & Broadford Bridge which is in itself a crock of shit.
If I was in profit here now knowing what I do I’d get the hell out and sell. That’s what ‘Captain Ramptastic’ and the Horse Hillsters are all doing. Theres a Placing coming and make no mistake about it. It is Imminent!
Massively over hyped, worth about 3p on a drug fuelled drunken day!
Remember what the Police always tell people to avoid being a victim of scams. “If it sounds too good to be true it probably is” On that cautionary saying I shall leave you all to ponder this; The David Lenigas track record V The British Geological Survey. Place your bets..
I don’t know how many times I’ve said this, it’s like groundhog day.“Just when Nostra Terra shareholders think it can’t get any worse it does”. Once again yours truly exposes the utter shambolic management of one of the biggest Dogs on the London AIM. It is in the investing/trading public interest that I publish this material to protect the gullible! Come on down Nostra Terra Oil & Gas (LON: NTOG) and receive your metaphorical kick in the testicles on behalf of the hundreds, nay the thousands of UK Private Investors you the shorting CEO Matt Lofgran (the man who makes secret cash payments to twitter buffoons who sold poisonous chemicals to kids to ramp his stock) has fleeced for literally millions upon millions of pounds!
I’ve held off on this Major Expose for nearly 9 months. So read on as I reveal and publish Documented confidential information that was being passed between the NDOGS East Ghazalat JV and their Partner and operator North Petroleum the Chinese operator. It’s a long epistle so get the popcorn in.
Documents passed to this website reveal a damning list of wholesale lies and deceits that Lofgran has and is still perpetrating on his own share-holders and you can bet your house on it that the Nomad wasn’t informed of the true situation. How do I know that? Because if he’d told the Nomad they’d have forced RNS’s, elementary my dear readers….
On the 17th of Jan’ 2016 the East Ghazalat JV received a Notice of Default from ‘North’ see below. They hadn’t been paying their end of the cash calls since November 2015. The JV partners were pestered for some 8 weeks by North for payment, but some 3 days later Lofgran, who must have known that a default notice was served issued a ramptasic Operations Update RNS, 20th January 2016, it is 8/9 days after receiving the Notice Of Default that Lofgran then updates on 25th Jan’ 2016, that the Operator, North, had served notice of a default and had invoked the provisions of the Joint Operating Agreement (JOA). When was the Nomad told? That is one of the many questions that the shorting CEO must now answer. Lofgran knew on the 17th of Jan’ 2016. How do I know that? Because in a letter dated 24th Jan’ 2016 & received by North & date stamped by NORTH. See copy———————————–> It states it was served electronically by email on the 17th of Jan’ 2017
I cannot believe that the Nomad sat on this for 8/9 days AND allowed them to release a ramptastic RNS about Egypt! It beggars belief…
However this pales into insignificance when readers read on and find out that the situation was so bad that the JV Partners had attempted to SELL their stake back to North on December 15th 2015! The letter states sic> “We are now considering the sale of our 50% interest sic< and invite NPIC (North) to make an offer for this entire non-operated stake” I publish that letter below. Now bear in mind that at this time both of the JV Partners were telling PorkyPies to the market via upbeat RNS’s over a prolonged period of time. Again was the Nomad aware of the attempted sale? Was the NDOG Nomad aware that Lofgran had attempted to sell a stake that he’d been telling everybody was ‘super dooper?’ How many UK investors has this fooker hoodwinked telling them how great East Ghazalat is while actually he was in the shit and trying to flog it?
But yet again it gets even worse… Fast forward to the 31st of Aug’ 2016 a letter is sent to the Chairman of the Egyptian General Petroleum Corporation (EGPC) asking for help, in that letter the JV Partners confess that “Alex Maleas who is the General Manager of PetroSafwa & Petro Amir sic> Has publicly announced that in his view East Ghazalat is NOT ECONOMIC at oil prices of less than $70 per barrel” Maleas actually works on site at East Ghazalat! In that letter there are a whole host of allegations made against employees of North demanding to know who they are and how much they get paid. It’s a lengthy letter so I’ve only posted 2 sheets, the most damning and important point
is that Alex Maleas, who works for North, is paid by North, states that East Ghazalat is not economic under $70 per barrel. This is contrary to everything UK NTOG share-holders have been spoon fed. So what is the truth? Remember at the time Lofgran is still assuring the market making upbeat comments via RNS’s and the usual pumpcasts ramping NTOG on well-known P&D platforms such as Vox Markets, London South East, Share-Talk & twitter etc. When according to this letter East Ghazalat isnt viable. It’s no wonder they couldn’t make the ‘Cash Calls’ and have had to deceive investors in-order to befuddle them into parting with their cash! This is whole sale fraud and deception! Again was this information known by their Nomad? There are so many questions here that it’ll take some explaining away and no doubt the usual bullshit from Lofgran will be rolled out. But wait it gets even worse!!
The provisional budget for 2016 was, I kid you not, $13,483,384 dollars! Half of that if that was spent, is owed by Nostra, obviously minus their revenues but it is still a hefty debt in the millions of dollars and on top of that there’s a ‘Contingent Budget’ for cost overruns of $2,843,500 dollars!!! Remember production has fallen off the cliff it is down by at least 50%. There has been no RNS on the current BOPD. Why? Because quite simply this would crater the already cratered share-price and add massive dilution to the placings. Make no mistake there will be yet another Placing here as soon as the scumbag running the CONpany can get one away.
So too all those who have taken the NTOG ‘shilling’ the brokers, the analysts, the Nomads, the pump & dump platforms and every fooker who continually ramps this POS, I say to you ‘hang your heads in shame. Shame on you all!’ Shame for being involved in such shenanigans for a few ‘shekels’ were good people who work their fingers to the bone trying to make a few extra pounds via trading/investing have been lead such a merry dance for so long… You all must have known or at the very least suspected… Shame that it takes some one like ME, to expose such dastardly deeds… I warn you all, CEO’s, Directors and Brokers etc. You come on the BMD Radar I will light you up like a Xmas tree on GuerillaInvesting, twitter & every social media platform there is. Don’t think a solicitor’s letter or indeed High Court writs have any impact on Daniel Levi. The truth will always win in the end.
So what can investors do? Well you can all hope and pray that some where along the line some one or some thing takes 10% and kicks this lying, deceitful shambolic CEO out on his skanky arse. The Nomad should investigate immediately! NTOG should be suspended! Lofgran is on a promote he’s recently been tweeting that all is going very well (More lies) and he’s even tweeted that he’s in the Egyptian Dessert and how beautiful it is, now there’s a double entendre if ever there is one. Is this the same east Ghazalat exposed above? Or is it another one in a parallel Universe? His woeful attempts to use twitter ramps, hence the Dessert tweets and Vox markets pumpcasts are a sign of desperation. He needs cash, Your Cash, and he’ll do and say literally anything to get his filthy hands on it. There is little hope here when the man at the top is consistently fucking up ad infinitum. That’s because no matter what he does Matt Lofgran is cursed, yes cursed, as I know all too well you consistently lie, cheat and steal then Karma with a capital ‘K’ comes knocking. I’ve lost count of the amount of times this POS has been exposed….
As for Lofgran everyone with half a brain knows he’s a POS. The AIM Regulator will be receiving ALL of this and more Documents. You can explain to them…. I hope they run you out of this country. Don’t forget kiddywinks you buy in here you get wiped out within months……
If you have any information or suspect malfeasance or want to WhistleBlow on ANY company YOU can forward the info/docs anonymously to: [email protected]Confidentiality 100% guaranteed.
And that ladies and gentlemen is why I’m ADVFN International Financial Blogger of 2017 LOL!!!!
The lies are coming out thick and fast over at Andalas Energy Power & Gas (LON: ADL). Today their bucket shop broker Beaufort Securities released what can only be described as the biggest crock of shit ever released by a House Broker who holds stock through Sanderson Capital. This isn’t the first time that the City Boyos (Shysters) have released such utter shite in-order to ramp their stock so that they can get out. Make no mistake people like Jon Belliss (Head ‘Liar’ of Corporate Broking) are telling wholesale lies. If Belliss would like to challenge that in the High Court then make my day you scumbag! Apparently Belliss is telling people he’s off to do a ‘Site Visit’ for ADL.. This is rather strange as Andalas do not have any site/s that he can visit. It’s more bullshit designed to fool the mug-punters who’ve already taken such a kicking that the investor base has been vapourised, turning ADL into nothing more than a traders stock.
Todays ‘Speculative Buy’ had me laughing into my cornflakes this morning. I’ve ran out of porridge hence I’m chomping through my cornflakes, nevertheless the laughter at ‘Levi Towers’ was no less rib tickling. I shall acquire some porridge this evening! Tesco own brand. It’ll cost me about 20,000 ADL shares, sadly I can’t pay with worthless toilet paper so I’ll have to actually use real money…
Beaufort Securities are playing a dirty game here and a double game of bluff in an attempt to drive the ADL SP up so that they can get out.
Andalas are currently under investigation by the AIM Regulator and their Nomad regarding the 1st Sept’ 2016 RNS where they’ve once again been caught out telling deliberate ‘Porkypies’. Read HERE. There is no agreement with PTT Pertamina (Persoro) that’s confirmed by the PTT Pertamina (Persoro) VP Corporate Secretary (communications). PTT Pertamina (Persoro) do not ‘DO’ Joint Developement Agreements that’s confirmed also, especially with A company that hasn’t got any money! As for the ‘Partnership’ trumpheted out so many times by the Liar and chief scumbag CEO Dave Whitby that too is bullshit. There is NO Partnership with PTT Pertamina (Persoro) that also has been confirmed by the PTT Pertamina (Persoro) Corporate Secretary!
The ramptastic shite coming out from Beaufort Securities is laughable in the extreme. Post the highly dilutive placing (And there have been many) there’s over 4,700,000,000. That’s Four Billion Seven Hundred Million shares in existence with another 3,300,000,000 issued and waiting to flood the market at any time. Yes Three Billion Three Hundred Million shares awaiting to be issued on top of the 4,700,000,000.Beauforts are telling the mug punters that the target is 0.20p a Market Capital value of circa £10,000,000 LOL!!! Apart from the fact that ADL have circa £200K in cash and will have to raise again and again and again ad infinitum…. They don’t have any fooking assets whatsoever LOL!! A shell is worth about £500K on the AIM. That is the true value of Andalas Energy and any Broker/Analyst, particulary the House Broker who has STOCK, which they’re rather disingenuiously selling into any rises, are telling you all a pack of lies…. Just as CEO Dave Whitby has lied over and over again, we now see the House Broker picking up the ‘Liars Baton’
Todays ‘ramptastic’ horse shit RNS from Angus Energy (LON: ANGS) has had me in giggles, as with any thing ‘Captain Ramptastic’ David Lenigas is involved in, or with, its a total ramptastic obfuscation. Where is the oil? It’s a simple question. After finishing the drill there’s not one word in the RNS or one number of the actual oil that is going to flow. Nothing, zippo. Talk about dragging things out and flogging a dead horse springs to mind. So what I will do is I will help the lumpenproletariat work out what the flow rate/s are likely to be. After all some one has to do it because Mr ‘Willy Vonky’ seems to have forgotten to put the numbers in…. 
There are no 10,000 barrels of oil a day gushing up here chump. Indeed horizontal drilling increases production, by 3/4 times, on the above figures that would give best case scenario circa 5,000 barrels total production for ONE YEAR!
Viva!
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