Angus Energy Share Discussion Threads

[1347] 16/1/2025 11:48

JT As you know I've felt for quite some time now, right back to the lies that LL told that they didn't need more finance, until he finally admitted that they did and took on the loan they didn't need, until they did, that this was all constructed for the benefit of third parties & insiders and not for 'normal' shareholders. Revenue continues to flow out in deferred consideration, loan interest, fees, royalties and hedges with virtually nothing left accruing to sharholders.

Yes I expect the recent large sells are those related parties selling shares now as they know they can get them back cheaper in the not too distant future. In fact them selling helps to drive down the conversion price. Remember also that the royalty shares (4.15% dilution) only covers Q2 & Q3 2024 so they are still behind anyway.

[jtidsbadly] 16/1/2025 10:16

… and presumably the large sales yesterday were the shares in lieu of cash given to the Lenders as their royalty payment.

[jtidsbadly] 16/1/2025 10:05

1347: I think they’re all purely financial contracts, none of which are reflected in the turnover data. I wondered after our earlier discussion whether those odd-looking “hedge” contracts in the Report and Accounts are exactly what they appear to be, and are merely a tax-effective way to transfer money owed to the Lenders.

[iceagefarmer] 16/1/2025 07:34

Fourth Quarter 2024 Production and Operations Update



· Production from the Saltfleetby Field in the Fourth Quarter of 2024 was 517 million standard cubic feet of natural gas and 9,387 barrels of gas condensate. In addition, the Brockham Field produced 2,130 barrels of crude oil during the Quarter.

· Gas sales of 5.73 million therms were achieved in the Quarter from the Saltfleetby Field.

· Estimated revenues of £6.12m for the Quarter.

· Booster compressor shipped from the USA and expected to arrive on site during January 2025.



Gas sales from the Saltfleetby Field equalled 5.73 million therms in aggregate for the months of October, November and December 2024, compared to 5.85 million therms sold in the third quarter of 2024. Fourth quarter production equates to an average of 1.91mm therms per month (1.95 mm therms per month in the third quarter of 2024). Gas condensate (liquid) production averaged 102 bbl/day, against an average of 109 bbl/day in the third quarter 2024. Quarterly production reflects an improvement in plant uptime at Saltfleetby, with operational efficiency of 94% for the Quarter compared to 92% for the year, offsetting natural well decline.



Estimated revenues of £6.12m are up c.19% compared to third quarter revenues of £5.14m, primarily due to increased gas prices over the winter months. As previously announced, legacy hedging volumes, which are priced materially lower than current spot pricing, will remain at 1.25m therms per month until they roll off at the end of June 2025.



Oil volumes produced from the Brockham Field equalled 2,130 barrels in aggregate for the months of October, November and December 2024, an average of 23 bbl/day, compared to 1,995 for the third quarter of 2024 averaging 22 bbl/day. The field is capable of producing at a daily rate of 20-30 barrels from the single well on production, with the average quarterly volume reflecting stoppages for facilities maintenance and operational improvement work.



Booster Compressor Update

The new booster compressor was shipped from the USA in December 2024 and is scheduled to arrive in the UK in the next two weeks. It will be transported to Saltfleetby for installation and commissioning, with start-up planned for late first Quarter 2025. This compressor is planned to increase production through the ability to operate within a greater pressure range and will increase the ultimate recovery of gas from the reservoir.



Royalty Interest

As announced on 22 February 2024 at the time of Angus's financial restructuring, there is an agreement with the royalty interest holders that until the end of the Second Quarter 2025, the royalty interest can either be settled in cash or through the issue of new ordinary shares in the Company at the Company's option. Under existing arrangements and calculation methods the Company is required to issue 183,595,230 shares (or cash equivalent) in aggregate in settlement of the Q2 and Q3 2024 royalty interest. Angus intends to negotiate the timing of the settlement with the royalty interest holders and will provide an update accordingly.

[iceagefarmer] 16/1/2025 07:32

revenues up 19% and brockham increase in production..that'll do nicely

[1347] 16/1/2025 07:01

JT Did you ever figure out what those hedges were, physical gas or cash swaps, are they just simple puts maybe, 'erbert hasn't detailed them has he?

bbd Yes but it makes little difference, even if the PO approves it some Nimby or Climby can challenge it in the courts as they did at Horse Hill. The main reason they wanted to do it was to dump the water from Lidsey there.

[iceagefarmer] 16/1/2025 06:53

RE: Gas Storage5 Mar 2024 12:28
Just looking at the Kistos deal paying £25m for 2 storage facilities, 1 with no production and 1 with a 17m therm capacity. Now compare that tiddler to Saltfleetby with a 750m therm working capacity excluding the southern lobe, equating to 44x of the Kistos deal. Looking at the maths, Angus has the ownership of quite a Jewel for shareholders.

[jtidsbadly] 15/1/2025 22:08

I’d be watching the production data at Poundland. At some stage, if the recent decline continues, Anguish may well be buying gas at market prices to meet their remaining hedge commitments.

[bbd2] 15/1/2025 22:00

Then you will already know this then:

The planning application is currently due to be decided by planning officers under delegated powers, rather than councillors at a planning committee.

[iceagefarmer] 15/1/2025 21:57

3 interesting late massive trades

Date Time Trade Prc Volume Buy/Sell Bid Ask Value
15-Jan-25 12:17:31 0.25 80,000,000 Unknown* 0.25 0.30 200.00k O
15-Jan-25 12:16:25 0.25 80,000,000 Unknown* 0.25 0.30 200.00k O
15-Jan-25 12:16:07 0.25 80,000,000 Unknown* 0.25 0.30 200.00k

[iceagefarmer] 15/1/2025 21:53

RE: Gas Storage5 Mar 2024 12:28
Just looking at the Kistos deal paying £25m for 2 storage facilities, 1 with no production and 1 with a 17m therm capacity. Now compare that tiddler to Saltfleetby with a 750m therm working capacity excluding the southern lobe, equating to 44x of the Kistos deal. Looking at the maths, Angus has the ownership of quite a Jewel for shareholders.

[iceagefarmer] 15/1/2025 21:50

i can see a takeover here..centrica?

[1347] 15/1/2025 21:48

I have you absolute tool.

[bbd2] 15/1/2025 21:44

Nice summary here:

[bbd2] 15/1/2025 21:33

Have a look at the consultees comments and the supporting application documents to further your “knowledgeR21;

[1347] 15/1/2025 19:09

It won't get rubber stamped, the objection will also be on transporting more in, they wanted to do it from Lidsey (which is clearly not back in the frame) but SCC are not in favour. I doubt it will make much difference anyway, the field's pretty much finished.

[bbd2] 15/1/2025 17:39

Brockham planning decision to ship in saline water to increase pressure should be in soon. Three fold production increase if approved. Usual eco warrior responses will be put forward but main consultees ( environment highways etc ) should rubber stamp due to existing on site water injection approvals. Fingers crossed.

[fat frank] 15/1/2025 17:22

And I assume that you have never bought a share that the share price has dropped?????.....

You are either an absolute investment genius or a sad, deluded little boy who lives his life on bulletin boards.

I will let other posters decide

I would feel sorry for you if you weren't such an offensive individual

Bye bye Bubonicndog, see you in a couple of months when I next feel the need to put you down.

Again

[bionicdog] 15/1/2025 17:11

Unlike the ANGS share price from when you started posting in September 2022.

[fat frank] 15/1/2025 17:07

Fat Frank - 11 Nov 2024 - 14:39:42 - 37364 of 37385 New Angus Charts and News - ANGS
Damn this infernal high gas price!!!!

That was the first time I have ever mentioned gas price and it was at 2.8

It is now at 3.7 so holding up nicely

[bionicdog] 15/1/2025 16:37

Looking good from when Fat Frank first posted. He is laughing at us.

[1347] 15/1/2025 15:52

Someone sold 15.6 m at 0.25 p earlier. Not a good look. Maybe someone trying to drop the share price for a deferred consideration conversion at the lowest price they can get or maybe someone knows something that ordinary 'investors' don't? Often the case here. One thing's for sure those gas flows are heading down and gas prices won't stay this high come the Spring.