Angus Energy Share Discussion Threads

[bionicdog] 18/10/2021 12:55

JC the delivery driver who had to live in a car after losing all his money is on board now. Quality investors here.

[3put] 18/10/2021 12:36

The troll here have created a coiled spring , we should raise a glass to them

[3put] 18/10/2021 12:31

T-5 minutes and counting
Start auxiliary power units (APUs)
Arm solid rocket booster range safety safe and arm devices
Start orbiter aerosurface profile test, followed by main engine gimbal profile test (T-3 minutes, 55 seconds)
Retract gaseous oxygen vent arm, or "beanie cap" (T-2 minutes, 50 seconds)[6]
Crew members close and lock their visors (T-2 minutes, 0 seconds)
Orbiter transfers from ground to internal power (T-50 seconds)
Ground launch sequencer is go for auto sequence start (T-31 seconds)
Activate launch pad sound suppression system (T-16 seconds)
T-10 seconds and counting
Activate main engine hydrogen burnoff system (T-10 seconds)
Ground launch sequencer commands main engine start (T-6.6 seconds)
T-0 seconds
Solid Rocket Boosters ignite
Explosive bolts release the boosters
Shuttle stack lifts off from launch pad

[3put] 18/10/2021 12:28

1.05 paid , MM are starving

[3put] 18/10/2021 12:21

also wanting a hamster to take control of a company ....clearly struggling mentally and needs a serious intervention........I have filtered them Clotted Q and friends are all most likely the same person

[3put] 18/10/2021 12:20

Can the company give more clarity on how it expects to fund geothermal projects and/or any drilling plans at Lidsey? Asked on 28 July 2021 As regards Lidsey, we need to have this seismic reinterpretation complete and agreed with partners. We should also consider a Competent Person update on the Field and finally complete local authority planning permissions. Then there is a presentation to our shareholders, potential external investors and fellow industry partners. Our large Licence holding of 80%, prudently increased in 2019, gives us more than usual flexibility, via farmout, in reducing or possibly eliminating any call on our own equity base for what should be a relatively inexpensive intervention on an existing site, with existing boreholes and supporting infrastructure. As regards the Geothermal Programme, a great variety of financing structures are being discussed with our funding partners and we have had pleasing expressions of interest from there and beyond – particularly for the development stages of the project. In the meantime our focus now is on reducing the cost of drilling and mitigating the risks around the drilling and building up in-house expertise and intellectual property as well as acquiring sites and interfacing with stakeholders around those specific sites.

[3put] 18/10/2021 12:20

More questions answered

[sincero1] 18/10/2021 12:19

ucot - proves my point re resident window lickers screaming "pump & dump".

also wanting a hamster to take control of a company ....clearly struggling mentally and needs a serious intervention.

[clottedq] 18/10/2021 12:15

Clear desperation by the company cheerleaders today to create a buying rally. Problem is: there's a very limited depth of unshakable faith and nowhere near enough willing masochists out there to make a jot of difference here over the short term.

My advice:

Come back well into next year and see if George manages to break with tradition and meet his very latest deadline!

Please Remember:

Satfleetby (aka PoundLand) was supposed to be delivered in 2020 for £2.5 million... then 2021 for £12.0 Million... then Feb 2022 for £12 million + extra salary and now March 2022 for £12 million+ + additional salary + loan repayment + warrants + hedges and counting!

Nevermind... we could take EchDelta's excellent advice and pat George and the team on the back for achieving zero to date... costing far more than anticipated... and taking far longer than estimated... to lose shareholders a further 90% of their investment since taking up post as our CEO.

Go George! (p.s: My son's hamster is ready and willing to take over as CEO at a moments notice. We could even run a head to head - as I understand JT's hamster is also available too - if shareholders felt the need for a vote?)

CQ ;-)

[3put] 18/10/2021 12:11

I have just checked your planning statement on slide 13, It states the sidetrack duration will take up to 16 weeks as mentioned from another poster. Please could you clear this query up once and for all. Asked on 1 October 2021 As now already noted, all applicants for permits and permissions in any walk of life give themselves much more time to complete a task than is necessary. This is because of the length of time and the cost incurred in obtaining the permission in the first place. They will then advise to market, at commencement of operations, a shorter period and expect to come in on the short end of that. Reabold for instance advised six to ten weeks for drilling the West Newton WNB1 and completed in 6 weeks before moving onto the sidetrack. This was drilled to 2250 m. We are side-tracking from about 1150m to a Measured Depth (including horizontal sections) of about 3000m or 1850 metres of drilling. Nor are we doing a well test which might extend the programme, because we are moving straight from drilling into production here, so there is no need for a well test. The hardest rock in Europe gives a rate of penetration of about 3m/hour (see page 6 of hxxps://pangea.stanford.edu/ERE/pdf/IGAstandard/SGW/2017/Baujard.pdf). That would imply 600 hours here or 25 days/3-4 weeks of continuous drilling. Even assuming the drilling was no more than half of the time advised, then to drill through this much granite would be only be 7 or 8 weeks. Granite of course wears drill bits faster and there is much changing of drilling equipment when addressing such hard rock. We are not drilling through granite in Cornwall or Scotland but through sandstones, clays, coals and limestones in Lincolnshire. We anticipate 20 odd days of 24/7 drilling – so a rate of penetration of over 12m/hour (verify by page 29 of Halco’s helpful graphs on rates of penetration hxxps://www.halco.uk/wp-content/uploads/2020/06/A-Z-Drilling.pdf). Of course drilling is not the only workstream here, and even if we were to more than double the time, to suggest five to six weeks of work, we would actually expect the rig to be down inside that envelope. Things can go wrong and extend the timetable – we have always been frank about that – but this is a reasonable verifiable estimate. What disturbs me about assertions by this poster (and concert parties) – and they are hardly the first instances of obvious falsheoods deliberately spread – is that he holds himself out to be a knowledgeable investor and could have fact checked any of this with online sources in a matter of minutes. Worse still by claiming to have discovered an “internal̶;1; company document he implies some great conspiracy by the Company and its Board, rather than sharing his source from the outset and pointing to the very obvious conclusion here: that people give themselves ample leeway in any official permission!

[johncasey] 18/10/2021 12:02

MASSIVE BUYING..NEWS BEEN LEAKED APPARENTLY

[sincero1] 18/10/2021 12:00

volume is small - multiply by share price and its pretty obvious.... posts like this are disingenuous, exactly the same as when the resident grey window lickers scream "pump and dump" on similar volumes ... same spectrum different ends ...

[sincero1] 18/10/2021 11:56

bionicdog - depends if its your toilet or not i guess.....

[bionicdog] 18/10/2021 11:55

In the toilet?

[3put] 18/10/2021 11:52

Excellent volume today

[bionicdog] 18/10/2021 11:16

Not you , that's for sure. I wouldn't trust you go to the toilet unassisted.

[3put] 18/10/2021 10:54

20k buy today, does somebody know something ?

[1347] 18/10/2021 10:47

JT Having spent a lot of time out of the country sadly I realised a tad too late with some of my UK 'investments' just how bad the UK had become, a fish rots from the head I believe.

As you indicate such things will only continue while we have directors lacking in key attributes, the London laundromat, replete with modern day barrow boys, to facilitate discounted placings, flipped to daft 'punters' on hype and manufactured spikes and a tick the box regulatory regime that is asleep at the wheel.

Still the price of natural gas may allow me to recover something here if they can stumble their way to actually producing some gas within four times the cost and three times the timescale estimates they provided. 4 p by Friday?

[3put] 18/10/2021 10:38

Latest questions answered by Angs - all on their website under investor relations

[3put] 18/10/2021 10:37

There is no hedge on production until July 2022. What is the value of all production from March 2022 to July 2022 at the prices on the present NBP Heren forward curve for these months with and without the side track? Asked on 21 September 2021 The short answer is the field ,on the original CPR plateau volumes but at the latest forward curve prices, might generate £17 mllion over those four months with the side track and about £8.5m without it. Angus share is 51%. Ordinary opex might be about £0.6m excluding debt service. The forward prices from are given below in $/MMBTU (approx pence/therm equivalent in brackets). Prices from ICE for contracts for Q2 in pence/therm in particular seem to be a penny or two better which is probably the £/$ exchange rate (see Heren March $28.583 (213p); April $16.679 (119p); May $14.260 (102p); June $13.774 (98p), given a conservative conversion rate of volume (mmscf) to heat value (therms) – i.e. multiply mmscf by 10500 to get therms – the field would generate in total over those four months gross revenues for all partners of £17.1 million at 10mmscf/d (i.e. CPR plateau production with side track) or £8.6 million at 5 mmscf/d (i.e. CPR lower plateau production with no sidetrack). Operating expenses for full year 2022 according to CPR might be of the order of £2.3m and therefore for this period would be c. £0.6m. All of this information is already publicly available, and we stress these are presently notional numbers arrived at approxmately and that these prices are not hedged in any way and therefore might not be available come production in March etc. However whilst the final outcome may vary considerably, we and our partners do anticipate strong demand for gas in the coming years regardless of short term price effects.

[3put] 18/10/2021 10:34

Can the company give more clarity on how it expects to fund geothermal projects and/or any drilling plans at Lidsey? Asked on 28 July 2021 As regards Lidsey, we need to have this seismic reinterpretation complete and agreed with partners. We should also consider a Competent Person update on the Field and finally complete local authority planning permissions. Then there is a presentation to our shareholders, potential external investors and fellow industry partners. Our large Licence holding of 80%, prudently increased in 2019, gives us more than usual flexibility, via farmout, in reducing or possibly eliminating any call on our own equity base for what should be a relatively inexpensive intervention on an existing site, with existing boreholes and supporting infrastructure. As regards the Geothermal Programme, a great variety of financing structures are being discussed with our funding partners and we have had pleasing expressions of interest from there and beyond – particularly for the development stages of the project. In the meantime our focus now is on reducing the cost of drilling and mitigating the risks around the drilling and building up in-house expertise and intellectual property as well as acquiring sites and interfacing with stakeholders around those specific sites.

[clottedq] 18/10/2021 10:15

One of the new questions on Angus Q & A sounds more like a pathetic fawning PR ramp IMHO...

Probably posted by the same multi ID cheerleader, who's clearly invested more than he can afford here, and is now trying desperately to drum up some positives for other numpties to invest?

CQ ;-)

[bionicdog] 18/10/2021 10:08

Do they answer the most important question , why are you such a c*nt?

[3put] 18/10/2021 09:57

Some interesting questions answered on Angs website

[3put] 18/10/2021 09:57

I have just checked your planning statement on slide 13, It states the sidetrack duration will take up to 16 weeks as mentioned from another poster. Please could you clear this query up once and for all. Asked on 1 October 2021
As now already noted, all applicants for permits and permissions in any walk of life give themselves much more time to complete a task than is necessary. This is because of the length of time and the cost incurred in obtaining the permission in the first place. They will then advise to market, at commencement of operations, a shorter period and expect to come in on the short end of that.

Reabold for instance advised six to ten weeks for drilling the West Newton WNB1 and completed in 6 weeks before moving onto the sidetrack. This was drilled to 2250 m. We are side-tracking from about 1150m to a Measured Depth (including horizontal sections) of about 3000m or 1850 metres of drilling. Nor are we doing a well test which might extend the programme, because we are moving straight from drilling into production here, so there is no need for a well test.

The hardest rock in Europe gives a rate of penetration of about 3m/hour (see page 6 of hxxps://pangea.stanford.edu/ERE/pdf/IGAstandard/SGW/2017/Baujard.pdf). That would imply 600 hours here or 25 days/3-4 weeks of continuous drilling. Even assuming the drilling was no more than half of the time advised, then to drill through this much granite would be only be 7 or 8 weeks.

Granite of course wears drill bits faster and there is much changing of drilling equipment when addressing such hard rock. We are not drilling through granite in Cornwall or Scotland but through sandstones, clays, coals and limestones in Lincolnshire. We anticipate 20 odd days of 24/7 drilling – so a rate of penetration of over 12m/hour (verify by page 29 of Halco’s helpful graphs on rates of penetration hxxps://www.halco.uk/wp-content/uploads/2020/06/A-Z-Drilling.pdf). Of course drilling is not the only workstream here, and even if we were to more than double the time, to suggest five to six weeks of work, we would actually expect the rig to be down inside that envelope. Things can go wrong and extend the timetable – we have always been frank about that – but this is a reasonable verifiable estimate.

What disturbs me about assertions by this poster (and concert parties) – and they are hardly the first instances of obvious falsheoods deliberately spread – is that he holds himself out to be a knowledgeable investor and could have fact checked any of this with online sources in a matter of minutes. Worse still by claiming to have discovered an “internal̶1; company document he implies some great conspiracy by the Company and its Board, rather than sharing his source from the outset and pointing to the very obvious conclusion here: that people give themselves ample leeway in any official permission!