Angus Energy Share Discussion Threads

[ja51oiler] 23/9/2021 12:29

UJ9

I should be carefull the "MORON" is very pretective around that shell agreement!

[jtidsbadly] 23/9/2021 11:59

Thanks very much, 1347 and JA51. I knew I’d read it somewhere, that was my next recourse. In the interviews I watched, the Interim MD was concerned about the regulatory aspects of drilling the sidetrack and building the plant together, on safety considerations.

1347: why would anyone on the other side of the hedges be prepared to alter the terms??

[whocares765] 23/9/2021 10:36

There is a lot of moaning about not being online to make hay while the sunshinesYet what would have happened if gas prices due to unforseen circumstances were at 20p per therm?What would the moaners saying then about coming online?Its like any asset that has appreciated through external factors like the price per therm going parabolic.The Gas IN THE GROUND HAS GONE UP IN VALUE IRRESPECTIVE OF EXTRACTIONThe sooner people realise this the better because they cannot control contractors/suppliers/permit timings in a post Covid19 era its twice as hard.Just appreciate that Saltfleeby an ONSHORE project could become a decent reality.A market cap of £7m vs. £40m gas value alone minus the £15m debt is something to cheer.Im HOLDING fIRMLY!

[ultimatejustice9] 23/9/2021 10:23

Does that honestly sound like any likely sort of deal to be struck and signed up to by the likes of Shell ort anyone else, for that matter?----You would need to ask Shell why they signed a deal with Angs :0)

[1347] 23/9/2021 10:21

UJ - If it is a Futures Contract it will stipulate a volume and the price, we just don't know what that volume is.

[ultimatejustice9] 23/9/2021 10:12

You are the voice of rationality and reason UJ. CQ ;-)------:0) just my tuppenceworth

[clottedq] 23/9/2021 10:12

I would be very careful about putting words into John Redwood's mouth - if I were you WhoCares - I know that he can be VERY litigious!

CQ ;-)

[whocares765] 23/9/2021 10:02

John Redwood MP speaks

[ja51oiler] 23/9/2021 09:58

JT
From the PP....Under planning statment.

4. The Proposed Development
4.1 Description of the Proposed Development
Angus Energy is proposing to drill a single side-track well from one of the existing Saltfleetby wells (SF-7) at the
Saltfleetby B wellsite. The location of SF-7 is shown on Plan AE-SFB-003 (Existing Site). The side-track is shown
on Plan AE-SFB-004 (Side-track SF-7 and Extent of Gas Reserve).

The side-track well is designed to intersect a target formation which, based upon a review of seismic data, is
believed to contain approximately 5.2 billion cubic feet of gas . A successful side-track could therefore increase
production flow significantly. The natural gas from the well would then flow into the existing processing facility at
Saltfleetby B wellsite, before transportation via the existing pipeline to Theddlethorpe and distribution via the
National Grid NTS.

The Proposed Development will be temporary in nature; the total duration of the development is estimated to be
16 weeks.

[whocares765] 23/9/2021 09:54

There is a lot of moaning about not being online to make hay while the sunshines
Yet what would have happened if gas prices due to unforseen circumstances were at 20p per therm?
What would the moaners saying then about coming online?

Its like any asset that has appreciated through external factors like the price per therm going parabolic.
The Gas IN THE GROUND HAS GONE UP IN VALUE IRRESPECTIVE OF EXTRACTION

The sooner people realise this the better because they cannot control contractors/suppliers/permit timings in a post Covid19 era its twice as hard.

Just appreciate that Saltfleeby an ONSHORE project could become a decent reality.

A market cap of £7m vs. £40m gas value alone minus the £15m debt is something to cheer.

Im HOLDING fIRMLY!

[clottedq] 23/9/2021 09:46

You are the voice of rationality and reason UJ.

CQ ;-)

[ultimatejustice9] 23/9/2021 09:44

What is with all the UT?

[ultimatejustice9] 23/9/2021 09:43

Q&A on the 29th, I will be raising some of those points CQ. I think we all agree that evidence of delivery is the key to unlocking ~200/300m in revenue

[whocares765] 23/9/2021 09:41

I have a very strong suspicion a Short Selling Fund or Group of Traders have got a HISTORIC SHORT POSITION at 4p that they are absolutely committed to and desperate to PROTECTWHERE IS THE EVIDENCE?A dozen posters/alias across LSE and Advfn who hold ZERO ANGUS ENERGY SHARES but happy to constantly deramp day and nightAnyone sane knows the time they have spent here isn't for the good of new or long term holders.It's their vehement thesis like many shorters to MAINTAIN A SHORT NARRATIVETIME IS UP as funds will undoubtedly move in and take the sub 1p bargain price to 10x bags as SALTFLEEBY comes online .

[clottedq] 23/9/2021 09:40

The Anguish Story has certainly been a roller-coaster ride.

Although this year feels like the carriages have been stuck in the maintenance yard and won't be back on the tracks until:

1) We get independently verified proof of "significant" gas volumes at PoundLand - sufficient to service their huge debt.

2) We get independently verified proof that Anguish "Z" Team are capable of extracting "significant" volumes to pay off their huge debt.

3) We get independently verified proof that Anguish have sold said gas and are FINALLY in the process of paying off their debt and generating a return for long suffering shareholders.

IMHO: That - my friends - is when the share price (potentially) re-rates... NOT BEFORE!

February 2022? Not a hope in Hell... try June 2022 for an answer to the second question IMHO.

CQ ;-)

[1347] 23/9/2021 09:34

JT/JA Look it's relatively easy to find the published information so I don't know why people in Kansas, who purport to know what they are talking about, have trouble finding it. If people want to know details about the side-track then where would you suppose the best place is to find it? Yes in the planning documents for that side track! This is what they state in the summary:

Angus Energy is proposing to drill a single side-track well from one of the existing Saltfleetby wells (SF-7) at the Saltfleetby B wellsite. The location of SF-7 is shown on Plan AE-SFB-003 (Existing Site). The side-track is shown on Plan AE-SFB-004 (Side-track SF-7 and Extent of Gas Reserve).

The side-track well is designed to intersect a target formation which, based upon a review of seismic data, is believed to contain approximately 5.2 billion cubic feet of gas.

A successful side-track could therefore increase production flow significantly. The natural gas from the well would then flow into the existing processing facility at Saltfleetby B wellsite, before transportation via the existing pipeline to Theddlethorpe and distribution via the National Grid NTS.

The Proposed Development will be temporary in nature; the total duration of the development is estimated to be 16 weeks.

As for the hedges, as I've stated many times before we don't have sufficient information on the type of hedge, the volume hedged or whether there is any scope for flexibility, therefore people can infer whatever volumes and prices they wish. I'm confortable with what I modelled (at 2.5 MMSFCD, 5.0 MMSFCD and 10.0 MMSCFD) and will adjust as and when I get updated information.

[ja51oiler] 23/9/2021 09:29

In one of these lot from memory. Think it's in the Aecom Planning Permission documentation also though!

[ja51oiler] 23/9/2021 09:06

JT
Re-16 weeks for the sidetrack...It's in the Aecom document.

I see our angry new poster has had some posts removed this morning on the other side!

[ultimatejustice9] 23/9/2021 09:01

I have a very strong suspicion a Short Selling Fund or Group of Traders have got a HISTORIC SHORT POSITION at 4p that they are absolutely committed to and desperate to PROTECT-----I don't believe anyone is shorting this especially with gas prices so high. The share price has been stagnant for 6 months, much better opportunities to short if you are that way inclined.CQ already said he has a very high average , I suspect a few posters here are in the same boat

[ultimatejustice9] 23/9/2021 08:59

I looked up the details of what Anguish have said about the hedges and, unless His Lordship has been economical with the actualité again, they're based on a predicted volume of gas-----Its not been stated anywhere as far as I can see. Benefit/negatives to doing it both ways. I can't see the finance stumping up 12m to not get the benefit of higher flow ? Can you ?

[jtidsbadly] 23/9/2021 08:50

JA51: I looked up the details of what Anguish have said about the hedges and, unless His Lordship has been economical with the actualité again, they're based on a predicted volume of gas. The only one of this new chap’s specious questions I can’t find the answer to yet is the one about a 16 week sidetrack, though I’m sure it’s out there somewhere.

Were the problems with the compressor in 2017 the responsibility of Wingas, the operators of Theddlethorpe, or the National Grid? Any one of these is going to be more competent than this lot so there’s another of concern, what.

By the way, in one of his interviews, the Interim MD gives more info re the hedges Nd it sounds as if they may involve 5mmcfd. They’re 50% of Anguish’s optimistic case, 70% of a less optimistic case.