Angus Energy Share Discussion Threads

[bionicdog] 13/10/2023 17:57

Imagine being sent to China for treason for posting out that ice is making stuff up again. Gulp!

[ja51oiler] 13/10/2023 17:54

Having done my research and actually knowing what I'm telling you is correct, ( and providing you with the proof) doesn't make me a traitor......Your comment however very much makes you the c u next Tuesday.

[iceagefarmer] 13/10/2023 17:34

angus hit 40p on balcombe hopes previously...now we have saltfleetby making loads of wonga..self funded

[onetomany] 13/10/2023 17:29

2-3m is peanuts when you consider their strong cash flow and profitability from October.

[ja51oiler] 13/10/2023 17:22

"dont forget balcombe is ready to flow"

The site has to be upgraded at a cost of £2/3 million you muppet. Please join onetomany in the dunces corner!

[iceagefarmer] 13/10/2023 17:13

absolute rocket variety...angus is about to go to the stars

[iceagefarmer] 13/10/2023 17:13

dont forget balcombe is ready to flow...fireworks monday!

[iceagefarmer] 13/10/2023 17:09

it was always about balcombe..gouing to be a company maker..this is massive news..hello 3p

[ja51oiler] 13/10/2023 17:06

Your lack of knowledge is truly astounding, onetomany!

This is a well test, not full production, and the NSTA place limits during testing. Should it prove to be commercial(Doubtful given the Kimmeridge failures thus far) they then need to apply for a Production licence and be turned down by the council and wind up back in court where the following sentence by the Judge comes into play

"“Such an exercise would be pointless at the exploration stage but is highly relevant if there is ever a production application”

....you of course are as usual spouting COBBLERS!... Do some research!

[bionicdog] 13/10/2023 16:52

One of your reliable sources? They certainly never let you down with UKOG.

[onetomany] 13/10/2023 16:48

Don't talk pish. There's no limit on production. Balcombe will be excellent additional revenue when it comes on stream. The huge cash inflow from October onwards will accelerate the development. Really exciting few months ahead for ANGS and the rerating will commence in earnest this month. Within next week, maybe ten days, we will have RNS on Balcombe, pipeline completion and new funding. Soon after is a strategic update presentation to shareholders. Soon after that we will have the terms and timelines on storage.

[ja51oiler] 13/10/2023 16:42

I see baits is trying to push the Balcombe appeal as some sort of great victory over in Kansas.

Just a couple of reminders.

This is simply a well test, not production, and Angus bear all costs until it is proven commercial. Most importantly, it will have a maximum daily production placed on it 300 barrels a day has been discussed....and only 25% to Angus.

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From The Q&A

Can you confirm the costs incurred by Angus for stage 1 and 2 of the Balcombe EWT will be 25% of costs on both stages?



Asked on 30 January 2020

No, as above and as publicly announced when we farmed into the field, Angus bears all costs until the well is proved capable of producing oil commercially – i.e. this should be close to the end of Stage 1 or the beginning of Stage 2. However once we are into Stage 2 we can recover costs normally from oil revenues.

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Following on from the news that Balcombe will require an extensive bunding program can we expect a similar requirement for both Sites at Saltfleetby and likely costs if so?



Asked on 30 January 2020

No. Balcombe is a bare site with only the wellhead and therefore requires bunding equipment. Both Saltfleetby sites are established sites with all the necessary liners, bunding and Environmental Permits in place, including local containment around pressure vessels.

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According to the Balcombe HRA, should Planning be approved, the operation will cease after the Stage 1 removal of drilling fluids. If successful, the project will then be put on hold whilst a detailed civil and structural design is prepared. Please indicate the length of time required to compile this detailed civil and structural design and the likely cost to carry out the civil engineering work and the associated costs for this Stage 2 and the initial, Stage 1, design phase. Asked on 30 January 2020

The structure of the Balcombe operation is as follows. Stage 1 (removal of drilling fluids) will take place with a temporary bund installed around the equipment. Assuming this stage is successful a complete impermeable liner will be constructed under the site so as to offer suitable containment for a long term well test. The design of this liner is as per the Zetland document, with the civil and structural details already being worked out so that installation time should not be considerable.. Stage 2, being the extended well test ,will then commence. Costs for Stage 1 are relatively moderate and are borne by Angus. Most of the costs of Stage 2 will be almost immediately recoverable from oil sales and should represent a manageable timing issue.


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Can you confirm that a firm commitment by Cuadrilla and Lucas is in place for future funding and De-commissioning costs Should they be required for their 75 stake at Balcombe?

Asked on 30 January 2020

Under the present Joint Operating Agreement, it is not the Operator’s duty to determine what provisioning arrangements co-venturers have in place let alone disclose those arrangements.

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The OGA placed limits on both oil and gas during the Brockham EWT which equated to 301 barrels per day and a gas rate of 5.664 TCMD. Can you give the figure imposed on the Balcombe EWT if known yet? Asked on 30 January 2020

The extended well testing approval with the OGA is still under discussion but a rate of 300 BOPD has been discussed as has the need for a long flow period to evaluate the reservoir properly. However this does not limit our ability to flow the well at higher rates but rather offers an indicative flow rate to the OGA.

[1347] 13/10/2023 16:37

Let the forward selling of the next tranche of discounted confetti shares commence,,,,,

[jtidsbadly] 13/10/2023 16:33

Well, looks like the p&d is being kicked off on the back of Balcombe! Who’d have thought it? “‘Ere we go”, as the earwig said.

[sincero1] 13/10/2023 16:33

this rise into the close is going to upset the disingenuous non shareholders, bitter investors, activists, mentally ill and irrelevant failed nobodies (afternoon moronicdog) isn’t it..ouch...there will be lots of pointless posting over the weekend won't there...bigger ouch...

[onetomany] 13/10/2023 16:26

No it's a real one bronco

[bionicdog] 13/10/2023 16:25

Is this your free/imaginary L2?

[onetomany] 13/10/2023 16:24

Just gone 2v1 again. Another move up coming.

[onetomany] 13/10/2023 16:17

L2 strengthening so will tick up again before close