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Chris Oil, for it was he, and the Angus Energy market abuse

By Tom Winnifrith | Monday 17 September 2018


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Brokerman Dan Levi has again today insisted that Angus Energy (ANGS) is doing a placing. It will clearly have to do one at some stage soon but right now Daniel is being played, as was I last week. I sense market abuse here and once again the name Chris Oil, a man with form when it comes to market abuse and other nonsense, comes to the fore.  As a reminder

I stated that two individuals had offered death spiral provider Bergen 6p a share for its entire holding of shares. Levi is blathering on about how I said the offer was for loan notes, there are no loan notes outstanding and thus I must have got it wrong. I have pointed out that I did not say that and that a proper journalist would amend his article. He has not done so*

Brokerman Dan insists thus that the real story is of a placing and my story is false and an attempt to distract from that placing.  There may or may not b  a placing but the story here is of Chris Oil engaging in market abuse, just join the dots.

At 2.15 PM Friday 7 September there was a conference call between Bergen and Chris Oil plus his broker Adam Dziubinski at which Oil and his broker pushed very hard for Bergen to sell its holding (c43 million shares) at 6p. Bergen said no. Wthere the gtrade would have been off or on market is neither here nor there. Oil and the broker bid for the stock at 6p. 

But notwithstanding having made that offer somehow the placing story came to me and Levi, we were both “played.” Indeed Mr Oil joined the party tweeting last week in his own illiterate fashion:

“Lots of speculation On social media #ANGUS doing a placing with bergan selling all the time don't see a positive outcome IMO.

Hmmm so stoke the placing story, which at this stage has been denied by the company, so the shares come down and Bergen might be tempted to take up Oil on his offer after all.  In all of this I ask you who benefits?

This is the sordid side of the bottom end of AIM which fills me with such disgust. Being deliberately misquoted by a blogger who refuses to amend when he knows he has misquoted  is only a minor irritation in comparison to the dirty feeling one gets when dealing with creatures such as Mr Oil and the antics at the bottom end of the AIM Cesspit.  I was "played" I regard it as better to 'fess up and be honest with folks rather than to pretend otherwise.  The whole episode makes me feel just like everyone who touches AIM comes away a bit dirtier as a result

*Mr Levi was given a 24 hour pass to this site at his request so that he could listen to the podcast - that was two days before he wrote this article. He now says he did not listen. What a clown. He writes an article attacking what I said without actually listening to what I said. No wonder he has got it so wrong.


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