Angus Energy Share Discussion Threads

[1347] 09/10/2024 07:17

Oh dear, funny how 'erbert never mentioned this in the recent update.

[1347] 08/10/2024 11:05

JT Maybe it's just me but I still don't get those hedges that were shown in the last Annual Report as crystallised hedges at fixed price and where those fixed prices were above the market price. If they were cash swaps, as before, it meant Mercuria (or Trafigura if novated) would lose out on them.

Then to complicate things even more they then showed different prices and struck *new hedges to price protect the Mercuria hedges crystallized in July 2023 as in the more recent interim report. This despite Lucan stating that they'd been largely settled from the placing.

They've now struck yet more hedges due to the previously crystallised hedges but again don't say what kind of hedges they are, if you don't know what kind of hedges they are then you can't figure out the financial impact. That's probably intentional on their part.

By my calculations the gas has dropped by 22% over the last year which means that unless that compressor makes a difference they'll be under 5 MMSCF/d sometime next year. Yes same old on the drills, just like the GeoThermal ones, all of a sudden it all goes quiet and they hope everyone has a short term memory and forgets it all.

Yes nice little earner for the Lenders, Offtakers, Hedgers, Forrest and other insiders but no investment case here for others that's for sure. Well unless storage proves to be a money spinner, but that's years down the line.

[jtidsbadly] 08/10/2024 08:35

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.

[1347] 07/10/2024 08:14

Extra hedges on top of extra hedges. They don’t state what kind of hedges they are, simple puts or swaps with the other leg at market price? Production continues to decline and I note yet again that is now no mention whatsoever of the drills that were planned for 1Q 2025 as they stated in their interim report of 28 June 2024. First one supposed to be in production in three months.

"Saltfleetby. Plan two further wells in the main Westphalian reservoir F9 and SF10, which are scheduled to enter production in January 2025 and January 2026 respectively."

[bionicdog] 12/9/2024 09:39

This is going well.

[gpm4] 05/9/2024 19:38

I suggest investors give Herbie 53 a little time. He is straight forward.

[1347] 05/9/2024 17:54

JT I doubt Anguish Energy will be buying anything much with cash, it will be in ShareCoin. In any case I still expect a low ball take out/merger, regardless of how it's dressed up by them and spun by the ocebot. No mention of drills, no mention of GeoThermal, new rainbow required. Most of these AIM companies are little more than scams to pay Directors salaries.

[jtidsbadly] 05/9/2024 17:39

1347: yes, he seems to be more interested in new ventures outside the UK, what? In which event, he’s hardly likely to want to pay in cash. Do I sense a p&d coming?

[1347] 05/9/2024 17:32

I notice it's all gone a bit quiet on that drill in 1Q 2025, slipped off the radar has it? Same old, same old...

[bbd2] 05/9/2024 14:04

Richard Herbert interview.

[bbd2] 02/9/2024 08:34

So no issues to explain the share price collapse and all going as planned with the production. Surprised there have been no TR1 notifications. Ah the fun of AIM!

[dannymaz89] 29/8/2024 06:23

Few notes from the interview:https://drillordrop.com/transcript-of-interview-with-richard-herbert-chief-executive-angus-energy/August/september:Upon completion of the seismic remapping exercise described above, Angus will progress with the development of a reservoir model (static and dynamic) which is anticipated to be completed Q3 2024 and will be utilised to fine tune the detailed design and anticipated results of future drilling targets and gas storage potentialOctober/november:It's a new unit being constructed in the US and delivered to the site in November of this year. And once we put that on, that will help to deal with this problem because we'll be able to pull harder on the wells as a result of this additional compressor, which means that this liquid loading issue we had will be diminished.December-June:Removal of hedge, new wells, decision on gas storageDrop anytime:Angus Energy said recently that it has new areas of interest. What are they?In terms of new ventures, we can't be too specific for commercial sensitivity. We can't talk about specific things that we are currently looking at. We have formed a world-class team that is now reviewing onshore assets in UK, North America and North Africa.?Saltfleetby is the only significant gas site onshore in the UK so it is definitely worth looking at.We should have a lot more information on this soon.I believe we should take a serious look at carbon capture at this site.This government has both committed to net zero emissions and at the same time acknowledged the role of gas in the foreseeable future.Onshore sites will have to be an essential part of the new strategy.

[dannymaz89] 28/8/2024 10:30

The top five highest-ranked sites for UHS based on the evaluated criteria are the Cygnus, Hamilton, Saltfleetby, Corvette, and Hatfield Moors gas fieldsThe top five highest ranked sites based on the criteria evaluated are the Cygnus, Hamilton, Saltfleetby, Corvette, and Hatfield Moors fields.The reservoir rock quality among the top-ranked sites is generally high, with almost all sites except Saltfleetby and Topaz exhibiting favourable characteristics.illustrates the ultimate ranking of the sites, highlighting the top five candidates for UHS opportunities which are the Cygnus, Hamilton, Saltfleetby, Corvette, and Hatfield Moors gas fields.the top five sites regarding proximity to potential hydrogen clusters are Saltfleetby, Hatfield Moors, Hatfield West, Hamilton, and Hewett.https://www.sciencedirect.com/science/article/pii/S0360319923056057ANGS rated the top site for hydrogen/gas storage in the uk by geologists ?Highest chance of a hydrogen cluster too ??

[iceagefarmer] 27/8/2024 13:41

takeover rumour??

[bbd2] 27/8/2024 13:18

Five £20M trades- something brewing?

[bbd2] 27/8/2024 13:15

Five £20M trades gone through. Something brewing?

[iceagefarmer] 27/8/2024 13:15

huge buying!

[bionicdog] 22/8/2024 07:32

Perhaps they were misled.

[iceagefarmer] 22/8/2024 01:33

takeover target or has angus now become the predator? remember Sound made a bid for angus a while back..ask yourself why?

[jtidsbadly] 19/8/2024 10:02

Another embarrassing interview, this time with Malcy. They’re going to need a lot more money if they’re to do a fraction of the things he’s suggesting.

What’s happened to the CEO? He must surely realise that letting this chap out is not likely to enhance the share price?

[bionicdog] 14/8/2024 17:19

Noooooooooo.

[iceagefarmer] 14/8/2024 17:15

could be big news tomoro or friday...tip off

[bionicdog] 13/8/2024 17:10

I suppose the relationship he had with his patients was the same to the relationship that she has to the simpletons on here.

[headinthesand] 13/8/2024 15:51

LadyOfAIM highly credible, eh? In much the same way as Harold Shipman was highly proficient in care of the elderly.