Angus Energy Share Discussion Threads

[jtidsbadly] 09/11/2021 15:42

1347: yes, the RNS stuff is just highly optimistic now. The really misleading information is reserved for the LSE/Malcy interviews these days, what? Neither party to those interviews can keep a straight face. Even after all those rehearsals.

[1347] 09/11/2021 15:24

JT Yes but all that smoke and mirrors stuff and misleadiung RNS announcements are behind us now with the 'new' BoD, what, what? Oh hang on......

[sincero1] 09/11/2021 11:34

and lets not forget jtisadly is also a non shareholder....so a non shareholder that posts exclusively on angs and only negative supposition.

old pompous duffer 13reallyneedshobby47cptmainwaring claims to be a shareholder but also only posts negative supposition....but then again he claims to be a shareholder at gemd, bmn, avct , vast, ukog, ujo etc etc and only posts negatively there too....

dear oh dear these old farts really do get annoyed when they are found and caught out ..... classic trolls.... albeit old grey slipper wearing trolls

[sincero1] 09/11/2021 10:09

jtisadly " knows nothing about Anguish, nothing at all." says the old grey disingenuous mendacious duplicitous troll that posted the comments below. Pretty clear you are the troll that knows nothing .Such a old frail fool doesn't realise his posting history is easy to find ... remember truth is the best defence ..you should try it

5.7.21 "placing this week or next"
8.7.21"another placing or two in the next few months"
9.7.21 "" placing is in the queue and will come once the latest UKOG issue has been digested"
14.7.21 ""I'm expecting two placings this year"
21.5.21 "poor angus 0.20 soon" 24+ weeks ago. " share price into the sixties shortly " 24+ weeks ago.
"oga approval doubt" .
" financing doubt" .
" running out of money " weekly prediction for last 9 months.
" 0.15 by end of year".
" placing soon " daily prediction for last 10 months.
"its a pump & dump" - it wasn't.
"gas to Shell at current prices from New Year until July in decent volumes. I' put the chances of that at about 1%" "you should be pleased - that 0.70p re-entry level of yours is just round the corner.
and my favourite " They did run out of money towards the end of March, as we predicted" - And from the interim : As at 31 March 2021 the Group had cash of £591,000. As at 31 March 2021 the Group had net current assets of £1,351,000"

[jtidsbadly] 09/11/2021 09:49

1347: ah, Lincoln Cathedral. A soaring masterpiece, the finest ecclesiastical building in Britain and probably in the world. I think they moved their copy of Magna Carta to the Castle some years ago, didn’t they? Have they moved it back? Imps.

[jtidsbadly] 09/11/2021 09:46

1347: he’s just a standard troll, knows nothing about Anguish, nothing at all. I’d like to know what he thinks is supposition, other than my musing over the lawsuit - which seemed reasonable to me. The odd thing about him is that he gets most animated when the conversation on here turns to a certain Captain America and the funny events some years ago beside the silvery Tay, and subsequently in the Perth Sheriff’s Court. Where is Michael, by the way? Quietly waiting for his 2.4p, I suppose.

Anyone for Polo?

[sincero1] 09/11/2021 09:28

13reallyneedshobby47cptmainwaring "It wouldn't last long face to face I can assure you." is that a threat ? pahahahahahahahah........ watch your slippers don't fall off ... what an old grey frail plonker...

"someone posts some facts." pahahahahahahahahahahahahhahaahahh ...... deluded or senile ..take your pick ..

these old farts do get very irritated when they are caught out.....

[sincero1] 09/11/2021 08:50

jtisadly " i dare say ..." x 2 , translates to " i have no idea but its a negative so i will post it ..." what a discredited idiot ... best ignored.

terminator - swearing is language poverty . checking your other posts , all of which are negative on whichever board you post , are also full of expletives ..... busted ...

[jtidsbadly] 09/11/2021 08:41

My goodness, Terminator101’s prose is impressive. Terse, economical and to the point. Another excellent summary.

[jtidsbadly] 09/11/2021 08:36

1347: yes, I tried yesterday to find out where the Gneiss lawsuit has got to, sadly without success. I dare say they’ll settle out of court. There was nothing in the £12mm. budget for legal costs was there?

Re Lincoln, the cathedral is on a very high point and was for 200 years or so, before the conical tops of the towers blew down in a storm, the tallest building in the world. I’m pretty sure you’d see it from the top of a Ferris wheel at Saltfleetby/Saltfleet/Theddlethorpe. Unless there’s a massive Wold in the way.

It’s tough luck about that thing that goes on the top of the rig. I dare say they ordered it in June. High gas prices are not necessarily helpful if you’re not producing any and the world and his wife are competing to get kit. He must rue his turning down that $20mm. bank loan he was offered 18 months ago, what? As the poet Whittier observes, “Of all sad words of tongue or pen, the saddest are these “It might have been”. Absolutely. I mean to say. Bad show.

[sincero1] 09/11/2021 07:41

jtisadly "Chickbait will be proved right. His is the voice of experience".. chickbait? chickbait? mentally damaged by the resident disingenuous old grey window lickers . now being used again.. leave the poor sod alone...shame on you all

[1347] 09/11/2021 07:17

JT Ignoring the 3cut moron (I don't know what it hopes to achieve, I just become more and more determined), yes it would be quite a view, though I'm not sure it would reach all the way to Lincoln would it?

Maybe that rig is bigger than I expected, though no-one has yet explained why they need this rig part all the way from Texas Joe's emporioum. Other companies seem to be able to drill a hole without all this palaver, they've had two and a half years to allow for sourcing this.

Not sure they lack imagination per se. Their RNS announcements, plans and stooge interviews seem very imaginative to me as they seem to have only a passing resemblance to what actually happens. An opportunity lost there as I'd expect a potatoe trench might be technically easier and more within their expertise levels.

Still working on designs, the ones they said were finished 18 months ago? Expect more delays then, I have May 2022 pencilled in anyway. I wonder how the Balcombe appeal and that legal case with Gneiss are going, need some exciting stuff to keep the punters interested, what?

[chickbait] 09/11/2021 00:09

Wow. The paid shills are out in force spamming. RED 🚩

[3put] 08/11/2021 23:18

The £12 million finance facility seems to be taking a lot longer than usual. You had seemed confident of closure in a recent RNS. Can you explain the delay? Asked on 30 April 2021

A number of reasons. There isn’t anything particularly “usual” about senior secured lending in the UK’s onshore oil industry. The bulk of operators and licensees fund out of equity. We have a multitude of counterparties here: three borrowers inside the Angus group, a limited recourse guarantor in the shape of our Licence partner, a security agent, and a collection of private lenders, large and small as announced. Certain parties have very unique documentation needs or wants and a single draft can take some time to circulate arond the various parties’ counsel.

Then, as a secured loan into a heavily regulated industry, there are a large number of reports to be collated, assets to be identified for charging, specialist bank accounts to set up, technical support, regulatory enquiries. The trust deeds for the Licence alone stretch to well over 100 pages. We have been frugal on our own legal costs, and restrained on the use of counsel, and we are not paying for any other party’s costs (excepting limited reports on property title) other than the commitment announced in November to Aleph as arranger. Nonetheless the delay has been very frustrating for us and all our shareholders but we hope that we have made good use of the time we have without the full funding in hand.

[jtidsbadly] 08/11/2021 23:05

gaffer73: the CPR effective date was 1 October. Anguish were supposed to be starting work on the pipeline in the week commencing 25 October. They were supposed to be working on the plant from this week. That was delayed from July/August. So they’re already behind the schedule which underlay the CPR’s assumptions. The pipeline-laying this time last year took more than three months. They expected it to be finished in three weeks. The weather was a factor but it’s always wet and cold in the fens in the autumn. The Interim MD was aware of this 18 months ago, when he said in an interview that he’d be extremely upset to be laying pipe in October that year. The complexity of what they are doing now to get to first gas dwarfs what they were doing a year ago. I can’t remember a single occasion on which they met one of their deadlines/schedules. I fear that Chickbait will be proved right. His is the voice of experience.

[3put] 08/11/2021 22:41

New questions answered on Angs website

[3put] 08/11/2021 22:40

What are Angus’ views on the new Geothermal Energy Advancement Association? Asked on 30 April 2021

Angus welcomes any industry body, particularly with supportive links with academia, which will draw attention to the benefits of geothermal energy – most particularly the baseload advantages of geothermal over wind and solar. As we noted in a recent conference call, the price we, as UK citizens, are paying for our electricity has risen considerably over the last 15 years to accomodate the cost of idling gas fired power stations, manned 24/7 and on standby to make up the load when solar and wind power periodically fail. We strongly believe that baseload or continuous generation, which does not require several pence/kwhr of that standby support, should be rewarded with improved long-term tariff rates to encourage us and other operators to invest further in this industry.

Angus sees a very profitable future for shareholders in geothermal with wide public support. Our recently announced target of 50 MW capacity within 7 years may soon be updated and we have made real progress on reducing the risks and costs associated with the subsurface and drilling work, as well as site identification and acquisition and innovation in the application of traditional surface equipment for harnessing the heat energy. We speak to many of our peers in the industry, all of whom recognise the considerable skills and century long experience which hydrocarbon drillers have to bring to this sector.

Our, and our peer group’s, well resourced effort to make Transition work has to be communicated better to the public at large and we welcome these associations. Equally the fact that Transition is not an overnight shift needs to be better understood by local planning authorities as they mull our legacy hydrocarbon assets as it is these which will provide some of the cashflow needed to speed that Transition along by funding these long-lasting projects.

[3put] 08/11/2021 22:40

Please can you explain why additional Saltfleetby staff hires were made prior to loan documentation being concluded? Asked on 30 April 2021

We have made three hires since this loan facility was announced at the end of Q3. One Health and Safety Lead, one Site Supervisor and most recently, a Lead Operator in late March. We won’t take on further hires until commissioning. These are essential staff who need to be thoroughly grounded in the specifications of all of the equipment which we are procuring, the site, existing wells and the plans for new site controls and safeguards. They will be a key part of our HAZID and HAZOP meetings over the coming weeks and months. They must also trained up (or at least ready to train future operators up) to full HSE competency in order work safely in a high pressure gas process installation. This core group obviously cannot be brought in one month prior to commissioning.