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Angus Energy Plc

0.00 (0.0%)
Stock Name Stock Symbol Market Stock Type
Angus Energy Plc ANGS London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 1.15 08:00:22
Open Price Low Price High Price Close Price Previous Close
1.15 1.15 1.175 1.15
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Industry Sector

Angus Energy ANGS Dividends History

No dividends issued between 02 Jun 2013 and 02 Jun 2023

Top Dividend Posts

Top Posts
Posted at 30/5/2023 07:22 by iceagefarmer
RE: RNSToday 07:02....

Further to the announcement of 15 May 2023, Angus Energy (AIM: ANGS) is pleased to announce that production at the Saltfleetby Field has reached a steady operating state from the 3 producing wells in the field, B2, A4 and the new B7T.

After a short duration plant outage, we are now exporting gas to the National Grid at a combined average daily rate of 9.5 mmscfd, reaching peak flows of over 10 mmscf. The new B7T well continues to clean-up and the Company anticipates exceeding a combined average daily rate of 10 mmscfd, on a sustainable basis.

We have seen gas prices falling back to lower summer levels over recent weeks, but winter 2023-2024 pricing is strong, with forecasted prices at £1.24 per therm on Heren NBP pubished trading data. On the basis of continued production at this level, known hedge prices and published market forward prices we should be generating approximately £2.5 million of revenues on average each month for winter 2023 from Saltfleetby.

Posted at 26/5/2023 08:35 by goldennuggets87
More and more angs holders leaving here and moving into IOG Huge selling here. IOG soon to be producing 40mmscf/d More than 4 x that of angs. Angs Mcap 42mil no money in the bank Iog Mcap 36mil 32mil in the bank ;)
Posted at 25/5/2023 10:41 by goldennuggets87
Angs 4 weeks -30% Iog 4 weeks +45% Did tell you all. Wait until the flow rates of bylth will be 4 x that of angs. Still under angs Mcap
Posted at 17/5/2023 09:26 by goldennuggets87
Angs over 50mil Mcap producing 10mmscf/d Iog currently producing 17mmscf/d new drill targeting over 40mmscf/d 30mil Mcap with 32mil in the bank! The smart are selling angs and loading up Iog.
Posted at 12/5/2023 16:39 by headinthesand
Swede/P2, I wish you'd lose the "ching chings"... it's a bit naff.

I'm prepared to accept that, if ANGS hadn't been so lazy and/or ignorant and/or incompetent, they could have got all three wells flowing and nearing full chat much quicker than they're going to. Mind you, laziness, ignorance and incompetence seem to be the Lucan family motto (along with just making stuff up - max 7 weeks for a sidetrack program, including full clean-up, anyone? £7.2 million of unhedged gas sales in June 2022, anyone?).

Anyhow, the point now seems to be that they will probably get to a reasonable 9+ mmscfd flow rate out of SFBY by mid- to end summer (far later than would have been possible, but they should get there). And I think that even current semi-stifled production levels allow the company to wash its face, even with a view to all those finex/derivative liabilities it has incurred to date.

Two things do remain the elephants in the room, though. First, why hasn't George bought more into the company, if he ever believed a single word he was saying (that was a major squirm point in the recent interview, wasn't it?). Second will be what PF decides to do with his remaining 376 million shares. The chances are that he'll be permitted to sell up to almost 200 million of them (136 million plus 60 million) come June 1st (or July 1st latest - that depends on when the quarter is considered to start).

If he does decide to sell, that will very much beg the question... why?

And re PF, presumably he'll be due more staged payments re the acquisition of FESL's 49% by ANGS... from memory, there's up to £5.25 million of staged payments left to make by end Jun 2025. This will probably involve ANGS paying at least some of that out in shares rather than cash (like they did last time). So Forrest may be around for a long time.

Posted at 11/5/2023 13:50 by linz22
There we go again, HITS, preoccupied with the production line.

While I do appreciate that one can become fearful over issues or terminology with which we might not be familiar (especially in view of some of the ambiguous, or down right odd, statements from ANGS in the past) it doesn't matter if the line is temporary or permanent. The well is completed and it is flowing now.

What does matter though is the cleanup, and that the well does in fact clean up completely and continue to flow as prognosed. Like an extended well test, if you will.
However, it has been made clear that the reservoir is substantially depleted, ie. reduced formation pressure to what would otherwise be considered 'normal' at that depth - hence the reliance on two compressors to sustain production.

So, patience is the key here, then, To that end, ongoing production from Saltfleetby may be observed via the National Grid website. Under the guidance of CEO Richard Herbert it does appear that ANGS may finally be on top of things and that external factors, such as 'windfall' taxes ad infinitum, aside, there is a lot of value to be found here, especially at the current share price..!

Edit: 1347 - you might be right about Lucan, but do yourself a favour and watch the video interview with Mr.Herbert.

Posted at 02/5/2023 10:50 by headinthesand
From ANGS's most recent answer to an IQ:-

"We are conscious that in the past we have overpromised and underdelivered as regards timelines, so we are reviewing our corporate communications and use of Twitter in order to ensure that any statements can be made with a high level of conviction and so to build a deeper level of trust with shareholders. large and small."

Let's translate that, shall we?

"We're sorry that George Lucan has repeatedly misled the market by spouting continual porkies and forever spinning fairytales, none of which have ever once come anywhere close to being true over the last 3+ years. Okay okay, so the previous CEO was a complete fantasist that's cost PIs fortunes with his ridiculous projections, but hey, we'll try to be more truthful and realistic from now on in."

Lucan has been more lethal to ANGS credibility than Vonk ever was. His Lordship should never be let anywhere near a pen, keyboard or camera.

My top three fave Lucan fibbing lunacies are:-

#3 "Getting Saltfleetby to production will cost us nothing, because we'll use the £2.75 million we got for taking it off the previous owners' hands".
(How much extra has it cost them one way and another so far? Well over £20 million in a mix of assumed debt at eye-watering rates and bucket shop placings, isn't it?)

#2 "We could well be generating £7.2 million in revenue from unhedged gas sales in June this year!"
(Stated in March 2022 - what a laugh).

#1 (of course) "I'm furious! We never stated the sidetrack would take up to 16 weeks! For God's sakes, it'll only take 48 days at the outside!"
(We're now over six months in to that sidetrack project and gas from it still isn't hitting the grid).

Posted at 21/4/2023 09:50 by negan
Spincero1 you ramping little 💩, you just can't help yourself from reading my posts can you 😂

Look at what angs share price was on the morning of the Brockham duster RNS and look at the GGP share price on the same day. Now do the maths of how many bags I have made from selling Angs and buying GGP. You are gutted now ain't ya. Jog on Pahaha 😂

Posted at 22/3/2023 10:59 by headinthesand
1347, I very largely agree - but since I seem to have missed it, where does the AR state that the deferred consideration to Paul Forrest now is all payable within the current FY?

You're right to mention that originally at least and as stated in the SPA, this deferred consideration (which at the time and from memory was estimated to be "up to £6.25 million") was scheduled to be paid in (presumably quarterly of half-yearly?) instalments up to end Jun 2025. And yes as you say, due to a dearth of cash in the ANGS coffers at the end of the last FY, in Dec 22 PF accepted 60.6 million shares in lieu of the first million quid he was due.

Separately, since the ANGS question all revolves around the company generating enough cash to cover off its already incurred (and quite possibly about-to-be-incurred... £3 million at 15%, anyone?) liabilities, I'm also interested in how much of the £12 million loan they didn't need has been paid back? This has as we know an interest rate of 18%+ attached to it, which I am presuming (possibly wrongly) is a term interest rate, rather than an annual one.

If I'm right, that'd total about £14.2 million total. The FY accounts seem to show that so far, ANGS has paid back just £450k of capital and just c. £150k of interest... so there's a long way to go on that one, before it comes to term, also at end Jun 2025.

Posted at 14/1/2023 21:58 by chickbait
Negan. Do you mean these posts. What?

onetomany - 14 Jan 2023 - 21:46:14 - 31713 of 31717 New Angus Charts and News - ANGS
However you might be interested to know that I’ve added beaucoup these last few days.
onetomany - 14 Jan 2023 - 21:45:21 - 31712 of 31717 New Angus Charts and News - ANGS
What I said was that I know someone on the site. Not that I have any kind of information from him. What?
onetomany - 14 Jan 2023 - 21:43:14 - 31710 of 31717 New Angus Charts and News - ANGS
3 years
onetomany - 14 Jan 2023 - 21:41:55 - 31708 of 31717 New Angus Charts and News - ANGS
What’s your intel? I’ve got one on the ground
onetomany - 14 Jan 2023 - 21:37:51 - 31706 of 31717 New Angus Charts and News - ANGS
Days away from 3p. 5p end of month. #lifechange
onetomany - 14 Jan 2023 - 21:31:53 - 31704 of 31717 New Angus Charts and News - ANGS
No failure. I’ve been told it’s a success so only about flow rates now. Even poor rates would mean huge upside.

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