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..
NEW WORLD exclusive yes I shit you not! News has reached ‘yours truly’ that a Mr Big a BARON of the UNITED KINGDOM OIL & GAS community has been arrested. Read on to find out exactly who it is and WHO had him shackled like a common criminal.
The Worlds’ ‘most dangerous man’ was arrested and interviewed under caution a complaint had been lodged with the City of London, Westminster Police by a SOLO complainant. The crime, which was so SIRIUS, had been reported to the highest levels, MI5, MI6, Special Branch & indeed Special K all were involved in the co-ordination of an operation code named ‘GREEN DRAGON’. Sauces indicated the arrest & interrogation was watched via video link by No10 Downing St. Teresa May personally signed the arrest warrant, after SOUND advice that National Security and ANGLO AFRICAN relations were on a knife edge. The ensuing operation was an ECHO of the one that nailed Osama Bin Laden.
NIGHTHAWK helicopters were hovering over the scene of the arrest and were seen flying round the Malvern Hills reminiscent of a world war II SPITFIRE. Officers, specially trained, arrived via what one bystander said was a “CHARIOT of vehicles”. Armed tacital units quickly alighted and began the ASCENT of this most dangerous mans lair. A castle atop the Malvern Hills. Like a HURRICANE officers rushed towards the battlements in what can only be described as a PREMIER operation that ended in TOTAL success.
Dr No Comment. Britains most dangerous man. As tough as RED ROCK
The apprehension of Mr Christopher Williams a.k.a ChrisOil! Public Enema No1! lol!!!!!
Yes I have it on good authority that ChrisOil the notorious Malvern ‘Gangsta’ a man at the ZENITH of the AIM cess-pit was interviewed at a High Security police station in Worcestershire last week. Oh my giddy Aunt whatever will the neighbours think….
However PROVIDENCE was smiling on Mr Williams due to the SOUND advice from ‘HIS’ crack legal team who were flown in from south FALKLAND. It’s reported that Williams choose to exercise his REGAL right to refuse to comment, what else from Britains most dangerous man but the first tenet of Cosa NOSTRA. The unholy TRINITY of the mafia!!! Silence from the GOLDEN SAINT who was shackled using the toughest metal on planet earth ‘SULA’ IRON. No matter how hard the officers tried to break him ChrisOil remained HARDY not a word came from pubic enema No1….. It was SILENCE THERAPUTICS all the way…..
Optiva Bucket Shop GLOBAL headquarters. Next to a Brothel above a barbershop. Pack of 4?
So just exactly what was the alleged crime and more to the point who was the instigator of that complaint. As I understand it from my INDEPENDENT RESOURCES, the alleged crime was… wait for it wait for it…. A tweet! The complainant was….. wait for it wait for it…. An Optiva Securities Employee also known as a ‘scumbag’ yes you know them, the biggest bucket shop brokerage on the London Stock Market. The purveyors of pump & dumps the wankers who shaft their own clients on a daily basis suckering them into some of the biggest POS’s on the AIM run by none other than Christian Dennis & co, aligned to the fat aussie share ramper David Lenigas, operating their bucket shop above a barbers and next to a euphemistically called ‘lap dancing club’ also known as a Brothel! It has taken STERLING work on my behalf to bring this out into the public domain.
The complaint was made in Feb’ 2017. A most interesting conversation indeed. I spoke to The City of London Police last week. You’ll all know them as the brave men and women who have their hands full protecting the public from such threats as the London Bridge Terrorist Atrocity and serious organised crime. Whoever the Optiva fooker is who wasted valuable police time investigating a none crime should hang their heads in shame. What a ‘Pussy’. I emailed Optiva but as yet they too have remained silent. The silence of the lambs about to be slaughtered and ridiculed on social media.
The ‘boys & girls’ in blue have got better things to do then be forced into a wild goose chase after a phantom twitterer… No doubt the Optiva shysters were all having a good old chuckle in the wine bars and the ‘Brothel’ at the way they’d manipulated the rozzers into arresting Williams last week. If I was a mug punter signed up with ‘Optrivia’. I’d be closing my account pronto. Not least because Williams is still one of their clients! Customer Care?
It was one tweet making threats of a skoolboy nature. Suffice it to say that there was no evidence to link poor ChrisOil to what the rozzers refered to as a ‘Malicious Communication’ that didn’t I repeat ‘didn’t’ come from Mr Oil’s twitter. But did originate from somewhere in the Birmingham area! FFS! Such flimsy evidence which is no evidence, didn’t produce the hoped for Rendition to LENI GAS CUBA. File closed! No Further Action! Dismissed by the Crown Prosecution Service, filed under bollox. Case Closed. Victoria Oil & Gas to Mr Williams.
If anyone knows the name of the actual ‘pathetic broker’ who lodged the malicious complaint please do send it in to me.
I have some ‘experience’ in police matters and jurisprudence. There is no way that the police would have progressed this without a concerted effort on behalf of the complainant/Optiva. I get regular threats on twitter, email and occasionaly on the phone. I would never run to the police as I recognise exactly that those that indulge in such childish pranks, and that’s all it is, are halfwits. The fact that Optiva sought to TRAP ‘OIL’ & implicate him in such childish nonsense speaks more about them then it does about Williams, who as I understand it, sailed through the ’10 hour interrogation’ and came out ‘VALIANT’, as fresh as a ROSE but with no DESIRE to rinse repeat the experience. IGAS all is well that ends well…. And it really doesn’t MATRA in the grand scheme of life…
I can only assume that Optiva are run by pussies….. Ohhoooo the embarrassment…..Having your arse kicked by ChrisOil and every fooker on twitter, the financial chat sites, as well as every brokerage knowing it.
It’s with fits of laughter I write on the latest ‘hocus pocus’ now coming out of the beleaguered corporate shysters that are Andalas Energy & Power (LON: ADL). In response to my article this morning they’ve hastily clobbered together an RNS. You can read the bullshit HERE
In that RNS released at 1:32pm this afternoon Andalas confess that ‘Jambi 1 IPP’ is now a ‘Paper Project’. What that means is that it is an ‘idea’ or as I term it a ‘CONcept’. As proven today ‘Jambi 1 IPP’ does not exist in any way shape or form in any Indonesian government department or state run/controlled company! Of course the RNS Clarification is any thing but a ‘Clarification’ where are the costings and the funding?
This from the RNS is very telling:
* Jambi-1 is the name used by Andalas for the project. This is an admission that ‘Jambi 1 IPP’ doesn’t exist other than on paper. Take a bow Neville Chamberlain..
* The “key contractual, technical and financial project milestones to be achieved prior to the consortium making its final investment decision” referred to in the Announcement include: None of the ‘Milestones’ can be achieved as there is NO MONEY
+ completion of the front end engineering and design study: Can’t be paid for without a Placing
+ execution of gas sales and power purchase agreements: Can’t be progressed unless they have $12,500,000-$15,000,000 in the bank
+ execution of an engineering, procurement and construction contract: Can’t be executed as they have to have the funds in-situ
+ contracts for the purchase of the power packs and other equipment: Again can’t be executed as they do not have the funds
+ execution of debt finance agreements: No one is going to give this lot $12M-$15M. So it’s a massive diluted #Placing to keep the lights on
+ execution of operating and maintenance contracts: More pieces of ‘Paper’.. Can’t be executed as all of the above have to be paid
+ licences relating to the facility and transmission lines: Again licenses will not be granted as there is no cash.
* The consortium expects the project to be included in Indonesia’s electricity supply business plan (‘RUPTL’) prior to execution of the power purchase agreement.PLN nominates projects to the RUPTL annually.However, the Minister of Energy and Mineral Resources may direct PLN to include projects on the RUPTL at any time: The ‘CONsortium’ can’t expect the ‘Paper Project’ to be incorporated into the RUPTL as the conditions precedent can’t be foreseen 3-4 years hence. Not forgetting that little bug bear of zippo cash! Hocus Pocus! And none of the above can get onto the RUPTL before 2020 and that’s only if they’ve spent at least $15,000,000. Money they simply do not and never will have.
What todays RNS tells us is that Andalas are about as far away from an IPP as I am from going to the moon in my car and that Cantor Fitzgerald has got them to spell it out in ‘Corporate Speak’ terminology to try to get them off the hook and limit todays damaging expose by Yours Truly.
Make no mistake both AIM and The FCA as well as their Nomad will now be doing there own ‘Due Diligence’ on exactly how this ‘Paper Project’ can advance without financing. That will or should entail making direct contact with all the relevant Indonesian Authorities. Which will be most enlightening.
As for Andalas and their hoards of BB poltroons they’ll be screaming just how super dooper this RNS is and how a CONpany with less that $100k & circa $1,000,000 in liabilities is the best thing since sliced bread. Hey but hang on a ‘Nuttals Momento’ Except the one big fat question that none of them can and wont answer but needs answering.
As you all may, or may not be aware, there’s a super fantastic opportunity in Manchester on August 15th 2017. That is the Cassopeia Services Investor Symposium Four companies are now signed up, Echo Energy, Berkeley Energia, Karoo Energy and Zenith Energy. This is a big opportunity for investors these are four quality companies! They are not the usual piss poor fodder run by deceitful bastards who are only there to rape retail investors. The Presentations start at 6pm. Do yourself a favour and get a ticket. It’s all about an edge is investing and trading and trying to get that ‘edge’. Golden Opportunity here.
The companies are genuine oil & gas and mining plays. They are quality. This is exactly the kind of potential investment/s that real investors/traders should be focussed on. What’s more each CEO I can personally vouch for as a ‘Good Guy’. People who are genuinely trying to create value for their shareholders and potential shareholders. Each one of these CEO’s are flying tens of thousands of miles around the globe, whether that be to China, South America, USA, Botswana, South Africa etc. They are not sat on their arses wining and dining out on expenses or flying 1st Class on company ‘jollies’. Good people are few and far between on the AIM. Get your tickets HERE
Of course ‘yours truly’ will be moderating the Q&A and as the moderator I have invoked the Chatham House Rule, anyone not familiar with it should get up to speed. “When a meeting, or part thereof, is held under theChatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed.”
Now remember this is very important. If you attend you can report, blog, tweet what you want regarding whatever may or may not have been said to you. However you cannot give out the name/s etc.
There’s a sumptuous buffet with drinks provided. With an Italian flavour no less… I’d have preferred some ‘Jerk Chicken’ but I don’t get to make the decisions, being a naughty boy.
Some come along and if all else fails you can heckle me and throw pound coins. 🙂
The Midland, 16 Peter Street, Manchester, M60 2DS 0161 236 3333 Get directions
For additional information and, or, if you need help with accommodation in Manchester please contact [email protected]
Companies
Register your interest to our next Symposium in London do not hesitate to contact Stefania Barbaglio, Director of Cassiopeia Services [email protected]
Cassiopeia Services are proud to present an exclusive series of Investor symposia across the United Kingdom. Designed specifically for London listed companies and retail investors, promoting transparency with personal face to face communication directly to their investor base. Our specially tailored evenings are aimed at offering board members the opportunity to get to know their investors, share their company plans, answer questions thus establishing stronger relationships with their retail base.
Cassiopeia Symposium Manchester
August 15th 2017, The Midland Hotel
Directors of four London listed companies, including one of the country’s leading CEO’s, James Parsons, will be in Manchester to present their companies and future development plans, alongside natural resource market analysts and fund managers together with High Net Worth Individuals from the North of England.
Companies Presenting
Echo Energy (LON: ECHO)
Karoo Energy (NEX: KEP)
Zenith Energy (LON: ZEN)
Berkeley Energia (LON:BKY)
Echo Energy plc (LON:ECHO) reborn from Independent Resources (LON: IRG). The hottest company currently trading on the London Alternative Investment Market. In March 2017 the City was taken by surprise when a new team, including James Parsons, were parachuted in to save and restructure the then ailing Independent Resources. Investors have seen the SP rise by over 1200%. The similarities of the success of Sound Energy (£530MkCap) directly attributed to James Parson the CEO means that Echo are still very early stage.
Karoo Energy (NEX: KEP) is an exciting NEX Listed Growth Market company focused on the exploration and development of major assets held in unconventional gas, shale gas and coal bed methane deposits in Botswana (Africa). Karoo’s strategy is centred around the development of its potential shale gas and CBM prospective resources in Botswana, where there is an ever growing demand for incremental local and national gas supplies to feed into potential modular and scalable gas powered generators. Botswana is a significant net importer of electricity, with demand for electricity estimated by the Botswana Power Corporation (BPC) to grow by 3-5 per cent. per year over the next decade. With existing infrastructure running below capacity, domestic supply has a ‘demand gap’ which is only expected to grow, thereby providing the Group with a significant opportunity. Botswana out ranks South Africa as one of the most stable politically mature democracies’ on the African continent with the longest continuous multi-party democracy.
Zenith Energy (LON: ZEN) is a London-listed Canadian oil & gas production company, operating the largest onshore oilfield in Azerbaijan through its fully owned subsidiary, Zenith Aran Oil Company Limited. Zenith also has a number of natural gas producing concessions in Italy, through its subsidiary, Canoel Italia Srl. Zenith’s overarching strategy is to identify and rapidly seize opportunities in the onshore oil & gas sector. One of the pillars underpinning Zenith’s goal of increasing shareholder value is the Company viewing its expansion as equally important with the consolidation of existing producing assets. Growth is pursued with an awareness of the inherent risks of unfunded commitments, the dangers of over-stretch and the importance of a rigorous due diligence in the pre-acquisition phase. Zenith prefers to invest in areas where infrastructure already exists and to apply its expertise in modernizing pre-dating equipment, making oil practices more efficient and thereby maximizing oil/energy production.
Berkeley Energia (LON:BKY) is a high impact, clean energy company focused on bringing its wholly owned Salamanca Project into production. This world class uranium project is being developed in an historic mining area in Western Spain. Following recent ministerial approval, Berkeley Energia has now received all European Union and National Level approvals required for the initial development. Berkeley has been awarded UK company of the year, alongside Sound Energy.
Why attend
A bespoke opportunity to meet face-to-face with management & the companies’ directors, learn about their strategies and discuss potential investment opportunities
Discover potential ‘new’ investment opportunities as you meet like minded proactive investors within the retail investor sphere.
Networking with peers & companies is information gathering. A must for any serious investor
Company presentations are scheduled to start at 6.00pm. Drinks before and after with an Italian delicatessen buffet will be available for all guests.
Who should attend
Cassiopeia Symposia are organised for all retail investors, sophisticated investors, high net worth community, institutional investors, brokers as well as industry experts and analysts.
Once again I’m laughing into my porridge this morning. It really does take the biscuit when ‘comrade’ Tom Winnifrith comes out with such utter shite on the complete and total failure that is Red Rock Resources (LON: RRR). You can read the twisting & turning by clicking HERE But it is good to see that Tom’s ‘lieabetes’ oops sorry diabetes is now under control and he’s back running to form. People often ask me why I deal with TW. The answer to that is this; Winnifrith, regardless of what you think of him and my thoughts on him are widely known, can when he occasionally purges the spite and poison that runs through his diabetic veins, write excellent articles when he so chooses. Sadly he suffers from subjective, selective, memory recall which all too often surfaces. He who pays the piper plays the tune. Come on down Lenigas, Lofgran, Bell and many, many more.
RRR L Fraud = LifeStyle Company
So when is a Death Spiral Finance agreement not a Death Spiral Tom? Apparently it’s when your bestest buddy whose been paying you tens of thousands of pounds over many years to promote his POS companys signs up for one. Red Rock have a Death Spiral finance with YA Global, commonly known as Yorkville. The euphemisms are aplenty in the shareProphets article, Alternative financing, Smart deal, This is not a death spiral, Cash to cash loan etc. etc. etc. Let’s forget the 15yrs of total failure and the misery that share-holders have endured since day one of the reign of Andrew Bell, known by investors and the City as #CalamityBell, the raising of many tens of millions of pounds, the flip flopping of the ‘story’ and the cold hard fact that this mining company has never opened a mine in 15 years! It is a lifestyle company to put it mildly.
CalamityBell Challenged to Debate!
Andrew Bell is a corporate crook if he wishes to challenge my statement then he is invited to do so through the Royal Courts of Justice, if he wants to debate with me face to face his disgraceful 15yr non-performance on TipTv or The FinancialFox then I will oblige.
Bell will use and say any and anything to negate the TOTAL, SHOCKING, DISGRACEFUL performance of Red Rock Resources. Even blaming President Obama… Ffs is it me or does anyone out there actually believe the utter cock that Bellend tweets and ramps? One only has to go back to their Initial Public Offering (IPO) to see just how many times the ‘Jackanory’ has changed here! Each and every ‘Jackanory’ used to ramp the fook out of the RRR share-price, each and every time placings aplenty and massive dilution and ultimately a resetting of the stock clock via CONsolidations. Oh and lets not forget the corporate largesse, just how much cash, stock and options has ‘Bellend’ had out of this company since day one? I seem to recall he awarded himself ‘performance’ options. Just quite what performance they relate to is a mystery…. Bit like the Bermuda Triangle. He’s made millions upon millions. Share-holders have been wiped out more times than I’ve had hot dinners. If RRR was a race-horse it would have been shot years ago to save on vet fees.
So for Winnifrith to be banging the drum that a Company that’s just taken on a $4,400,000 debt with a 13% coupon that is secured against the company assets, its shares and finances from known Vulture Financiers isn’t a Death Spiral shows the sheer bloody hypocrisy and the subjective paid for thinking that clouds the flawed genius that can be TW. There is one ‘constant’ when it comes to CalamityBell; Placings. Bell will run to form very soon and PLACE yet again, Rinse, Repeat. Ask yourselves this; What would a genuine Independent Financial Advisor (IFA) advise? Therein lies the truth…. Sell up and get the fook out.
I can’t help laughing into my porridge this morning after reading the shorting CEO Matt Lofgrans latest epistles to the market. You’ll recall that Lofgran is one of the biggest corporate shysters on the London Aim, not only has he shorted his own company to the detriment of his own share-holders he’s also hand in glove with known pump & dumpers as well as a serial liar. Emails received (genuine emails from Lofgran) confirm that Matt Lofgran has been making secret payments to known pump and dumpers to attack his own shareholders and ramp his own stock. That is a 100% fact that when I have the time I will expose. If the liar would care to take those allegations to the High Court to challenge myself and this website then do so. He wont because he knows I have those emails.
Just why anybody with half a brain would vote for Lofgrans crazy plan to oust the current Magnolia Petroleum (LON: MAGP) board is laughable. It is a sign of his increasing desperation to try and rape another company to keep his floundering wreck of a ship, the SS Titanic (NTOG) afloat. Look at this mans record it is second to none in total failure.
Lofgran isn’t an oil & gas man he’s an ex estate agent. His lack of experience can be seen in the dreadful, and I mean truly dreadful seven years of total abject failure at the helm of NTOG.It’s a running joke in the city of London. No broker worth their salt will back him. He’s a serial liar, a serial loser and a serial bullshitter. If you had invested £10,000 in Nostra 3 years ago you would be wiped out. It would now be worth circa £100. Indeed if you had invested £10,000 in Nostra pre consolidation you would now be wiped out! It would be now worth Circa £300! Indeed again! If, like the poor fookers who were suckered into latest barrel scrape via the piss poor Teathers App you’d be sat on huge losses! The company are in debt up to their eyeballs! They’re showing a cumulative $20,000,000 dollar loss! Vote for this! lol!!!! You’d have to be mentally deranged!!!
NTOG Chart…Vote for Extinction!
Their operating loss as at Dec’ 2016 announced today was £3,534,000!!!! Do you really want this fooker pulling the chain at Magnolia Petroleum? Does a turkey vote for Christmas? NO! Stick with Rita Whittington, who has over 30 years genuine oil and gas experience. She’s the only one who can and is turning MAGP around.
Lofgran and Ewen Worthless are well known for WITHHOLDING material market sensitive information, such as the travesty and the shambolic situation in East Ghazalat, where Lofgran and Ewen Worthless have kept ‘stum’ on the 60% decrease in production, as well as over $2,000,000 in unpaid operating costs to their Chinese operator. Who they have accused of fraud!
The accounts are shocking ‘Worthless’ is telling people how he’s restructured Nostra Terra, really? You mean how you restructured Gulf Keystone Petroleum? Shareholders were wiped out after ‘Worthless’ and Todd Kozel jumped ship. Remember them? Any fool including a monkey can raise cash from mug punters, the begging bowl has been passed around so many times here that to say it’s a worn out doesn’t do it justice. The performance of Nostra since day one of Lofgran’s tenure, some 7 years, has been appalling!!! And if you want to back an ex estate agent over a proven CEO with 30 years of oil & gas experience then you might as well start burning £50 notes in the street right now!
If Lofgran’s henchmen get their hands on MAGP. They will rape and destroy the company, taking out the cream of MAGP’s assets for buttons…. Leaving it a vacuous wreck for Mr Snead the former Director, to step in and turn it into a bio/pharm/computer shell. That will mean massive dilution, consolidation and wipe out for every single Magnolia shareholder.
Stick with the Magnolia Board Save Your Company! Vote Down The lying corporate shysters Lofgran et al!
Today we’ve learned what I knew two weeks ago but couldn’t firm up. I did however report this to Echo Energy four days ago. Their House Broker has been selling stock in the Company and cratering their clients share-price.
Echo are trying to build a business for the benefit of their share-holders and their stake-holders. The last thing any company needs is for their House Broker to ‘cut and run’ to the detriment of their client, their shareholders, their institutional backers and the business model currently being built. This is wrong on so many levels, not least is that Brandon Hill Capital are insiders. It sends out the wrong message and is very damaging to all.
Two weeks ago my sources were telling me that certain individuals at Brandon Hill were openly laughing and giggling about their plan on selling their stock/warrants and making a fortune. I began to check this out and cross referenced bits of information coming out of the London ‘broker wine bar scene’. Three separate sources confirmed the rumours circulating. I’ve tried to contact Brandon Hill five times, each time I’m told that they’re in a meeting etc. The usual city guff for ‘fuck you’.
These scumbags held 11.2%. Today we learned it’s down to 10.1% having flipped circa 3 million shares, this figure is going to rise. Brandon Hill are sellers in the market and until these bastards are out the Echo share-price has a brake firmly upon it. Any rises will be sold into by the shysters….
The Board of Echo Energy should immediately sack Brandon Hill. The sooner the better.
Brandon Hill Laughing at ECHO Shareholders
You cannot build a brand when your House Broker is kicking you in the teeth on a daily basis. I appeal to all vested shareholders to email Echo and demand they dispense with Brandon Hill. Get a Broker who aligns their interests with the Company. There are plenty out there who would walk naked to John O’Groats to be part of the Echo story. I, like many retail punters, have a big (to me) interest/investment here and am livid at what these fookers are up to. They are destroying share-holder value for short termism. Corporate Jackals. These people are the epitome of all that is wrong on the AIM Casino. Champagne swigging wankers
This is not a retail investor taking profit. It is the HOUSE BROKER, who is in the employ of the Company and receiving payments for what? Destroying their clients share-price. The message this sends out not only to retail investors but to the market is highly damaging.
Team Echo are rumoured to be in South America progressing deals. While the Cats are away the corporate Rats are at play.
Greg Coleman, James Parsons, Marco Fumagalli need to take action; immediately sack the chuckling, giggling Brandon Hill Capital. When a snake bites you, the remedy is, cut it’s head off.
Breaking News!!
Viva!
Directors of four London listed companies, including one of the country’s leading CEO’s, James Parsons, will be in Manchester to present their companies and future development plans, alongside natural resource market analysts and fund managers together with High Net Worth Individuals from the North of England.
