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ANGS Angus Energy Plc

0.30
0.00 (0.00%)
30 Dec 2024 - Closed
Delayed by 15 minutes
Angus Energy Investors - ANGS

Angus Energy Investors - ANGS

Share Name Share Symbol Market Stock Type
Angus Energy Plc ANGS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.30 08:00:09
Open Price Low Price High Price Close Price Previous Close
0.30 0.272 0.30 0.30 0.30
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Top Investor Posts

Top Posts
Posted at 20/12/2024 10:57 by sammy g
Added more here yesterday :-) just looking at the SNDAA interview on proactive investors just released.Will move big before close IMO

htt ps://www.proactiveinvestors.co.uk/companies/news/1063181/sunda-energy-reached-a-big-and-exciting-milestone-at-chuditch-icymi-1063181.html
Posted at 11/10/2024 11:56 by 1347
JT It could be they did lose out on those hedged tranches, they simply called the futures market wrongly, offset of course by what they made on the other hedges. Maybe that's one reason they left it to Trafigura because then as part of the deal the prices could be adjusted, which they duly were.

"As part of closing of the Refinance Facility, Trafigura will work with the Company's existing hedge provider to organise an orderly transfer of the existing hedge obligations which run until June 2025. A dynamic rolling gas price protection programme has been agreed which will provide protection at least until the scheduled maturity date of the Refinance Facility."

Any which way the cake is sliced there's only crumbs left for non-preferential 'investors'.
Posted at 08/10/2024 08:35 by jtidsbadly
1347: yes, I agree about the absence of any mention of another drilling effort. Probably a good thing, though the earlier one was fun.

Re the hedges, it seems to me that investors in a small gas producer would prefer to keep the upside of big rises in the gas price, not a large and constantly growing proportion hedged. They’ve turned this into a utility company, but the asset is depleting at quite a pace. The lenders are the only people who will benefit.

We haven’t been told the details of the dynamic hedges, have we? More bs, I suspect.
Posted at 05/9/2024 19:38 by gpm4
I suggest investors give Herbie 53 a little time. He is straight forward.
Posted at 23/7/2024 21:48 by jtidsbadly
1347: as you know, I think the Ocebot is the gorgeous pouting Katy, at whom Lord Lucan used to leer so amusingly in their interviews. So I dare say she’ll carry on. Re Aleph, I don’t know what that means for Angus. The mugs in Kansas think Trafigura are going to be up for further loans to enable Angus to acquire further assets, or to bid for companies, in order to give Angus a better chance of paying the promised dividend. You really have to be gullible to give that theory any credit at all, what? Ridiculous. Investors here should be very worried about the change in tone of recent announcements/interviews re Saltfleetby. Diversifying away from Poundland says it all. It’s a heavily depleted field, depleting far more quickly than they expected. They had a chance but couldn’t get the plant finished in time to benefit from astronomical gas prices, on which their hedges cost them huge amounts of money, and they allowed 5he time and cost of the sidetrack to multiply. They and the shareholders are on a path to further big losses and an inability to borrow money to drill more speculative wells. It’s not sustainable, is it?
Posted at 03/7/2024 06:23 by 1347
"The Company has received the following TR-1 notifications as set out below without amendment. The Board understands that this is due to intercompany transfers by Aleph Commodities Ltd and Aleph Fin C Ltd, with Aleph directors and partners increasing their personal holdings in Angus, resulting in a holding by Aleph Commodities Ltd of 6.18% and a holding in Aleph Fin C Ltd of <3%."

Understands? Aleph were appointed advisers to Anguish Energy, were supposed to have been a strategic investors taking 21% and they have worked with them for several years but they don't know what actual holdings are held by the ultimate beneficial owners in the various Aleph pop-ups and associates? Yeah sure, what's the share register for then? Are they on the insiders register?

Didn't Captain America say much the same thing once upon a time, just an inter-broker transfer he said, at the end of it though 16,000,000 shares went somewhere, worth just under £1 million at the price then.
Posted at 14/5/2024 11:39 by jtidsbadly
1347: yes, the banks in the UK keep fouling the economy up on about an 8-12 year cycle and get bailed out, while their morally corrupt and greedy Directors etc. keep all they've awarded themselves - as with the water companies, P.O. etc. The smaller outfits are mostly just cowboys and small investors must have lost billions over the years in AIM stocks through their chicanery, with no affordable recourse. It’s not a market that a respectable company should want to be associated with - that’s what it’s come to.

I’m hoping to see two years of Knowe accounts simultaneously. Otherwise it does seem they’ll still be late.

Angus was better under his Lordship, in my opinion. This chap needs a personality injection and a course in presentation and PR. He’s turned a poorly managed, dodgy company into a poorly managed, dodgy, boring company, what? A total outsider. I mean to say.
Posted at 09/4/2024 17:35 by jtidsbadly
UKOG appears to be spiralling down now, currently capitalised at £1.7mm. Vast looks as if it’s enjoying a pump and dump, so a large share issue is probably imminent (not the diamonds).

I’ve just noticed that Mr. Zielicki is a Director of SDX Energy, another AIM minnow that has suffered a very poor performance record. Interestingly, he was appointed at about the time that Aleph Commodities took a 20%+ stake. Their investment clients must be true long term investors. But given the statements recently by Mr. ‘Erbert, is it possible that Anguish may be persuaded to do a share swap there?
Posted at 08/4/2024 07:32 by jtidsbadly
1347: well, the sidetrack was a disaster, wasn’t it? It’s added 1-2mmscfd to the production from the two pre-existing wells and required a second compressor, all at a cost which the management resolutely avoids disclosing but which may well be over £12mm. for the sidetrack alone. Investors are taking a lot on trust if they expect Mr. ‘erbert’s new team to do better. The geology under Saltfleetby is prohibitively complicated, as the field’s previous operators found. They didn’t fancy doing any more work on it. They didn’t fancy paying for the site’s restoration either, what? If Anguish can’t find an eventual storage partner (assuming they still exist when this becomes an issue), shareholders will presumably end up with a massive bill for site and pipeline restoration.
Posted at 26/3/2024 21:38 by jtidsbadly
1347: I didn’t either, but no, nothing’s changed. £17mm EBITDA when you’ve got another well or sidetrack to drill and a compressor to buy won’t stretch too far. Then you’ve got five years worth of loan repayments to pay in the four years after the current one, with a rapidly depleting gas flow and yet another well required. I doubt that any of them believes this nonsense about the rating. This is a company with a single asset, which is having to take on increasing debt at exorbitant interest and arrangement fees, which is flinging new share issues about like a one-armed paper hanger, and whose single asset is depleting monthly. And re US-style ratings, I’d advise them to avoid going there. The SEC isn’t the FCA and penalties for misleading investors and for failing to notify the authorities on a timely basis of movements of shares among potential concert parties on your share register are best avoided.

I wonder if they’ll put the presentation and Q&A on the website.