Angus Energy Share Discussion Threads

[3put] 12/11/2021 13:27

There appears to be anti Angus misinformation posted and suggested as fact in online forums. Although regularly and easily discredited by other posters does the company have any plans to increase it’s profile and information stream to deter this ? Asked on 7 July 2021
Thanks. Yes, we will be expanding our communications stream with what we hope will be more continuous imagery and detail on the forthcoming programmes at Saltfleetby, Geothermal and Lidsey/Brockham in particular – on both Twitter and, more recently, LinkedIn social media platforms as well as more regular RNS releases. We do hope that the second half of this year will present a great opportunity for investors to see a company and its contractors in full speed on a variety of highly profitable projects and some of this positivity will drown out the more ridiculous rumour-mongering and disinformation.

[3put] 12/11/2021 13:27

When can we expect a fuller update on geothermal opportunities and a staged and sensible funding structure for them over the coming years. What sort of funding to you anticipate (government grant, equity, mezzanine, debt) and at which stage in the overall project? What are the principal risks and rewards for Angus existing shareholders. Asked on 1 September 2021
We are lookiing forward to sharing this update during the first half of September and will endeavour to include all of these issues. Our original presentaiton has grown in depth and detail during the summer and we hope that it will present a reasonable, achievable and financeable project with significant long term value for shareholders.

[3put] 12/11/2021 13:26

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.

[chickbait] 12/11/2021 13:25

Solo4Yous is another alias of Davemarn.

Spamming to pump and dump.

WARNING. RED FLAG 🚩

[3put] 12/11/2021 13:24

Its a Friday peeps cheer up

[solo4yous] 12/11/2021 13:24

Can we see more pictures of equipment on twitter please. The market needs confidence that progress is being made. Asked on 15 October 2021
Yes, thank you.

If the sidetrack produces the extra gas, will it reduce the hedge percentage of the gas produced. Asked on 1 October 2021
Yes. The hedged amount is fixed so incremental gas is unhedged.

[chickbait] 12/11/2021 13:23

Davemarn is a spamming pump and dumper.

RED FLAG!!!!!!!!!!!!

[davemarn] 12/11/2021 13:15

Please could you give a clearer timescale when the Lidsey remapping results will be available to shareholders. Asked on 15 October 2021
These will be reviewed by partners in the Field during November and we would hope to release more generally shortly thereafter.

The market appears to be extremely cautious on Saltfleetby reconnection plan, hence the undervaluation of the current Share Price.

Can we please have a detailed and transparent plan with dates to First Gas ?

Where is equipment being built and approximately when is each skid coming onto site and what is the remaining work needed to tie in each skid on the site?

Is it true that EA approval is not required until the gas actually flows?

Thank you. Asked on 15 October 2021
Yes. We have in mind a further presentation this month on precisely this level of detail with a list of all suppliers and their best estmates of timelines etc. EA approval is required for commissioning operations, or any operations involving flowing of gas or running of combustion equipment, not construction per se.



Sirs, this is not a question, rather, a note of congratulation for the speed and determination of your efforts at Saltfleetby. My holding in ANGS, at present, is relatively small. But I am in a position, both financially and mentally, to increase that holding quite substantially, perhaps up to notifiable level. Kindest Regards. Hussein Asked on 15 October 2021
Thank you.

[headinthesand] 12/11/2021 13:14

Sincero, it's disingenuous of you to maintain that being negative about a stock solely on a bulletin board exclusively dedicated to discussing it is the same in any way as spamming copy n paste ANGS positive spin across multiple other share discussion bulletin boards that have absolutely nothing to do with ANGS.

I'm sure you know this.

However, karma sort of applies here - and this spamming fool is achieving nothing but sullying the credibility of ANGS as an investment even more (if such a thing is even possible).

[chickbait] 12/11/2021 13:07

Someone's upset 😡

[3put] 12/11/2021 13:04

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] 12/11/2021 13:04

There has been much recent comment on the investment forums about how long the sidetrack would take to drill at Saltfleetby. Certain posters have claimed that they have internal company documents that say this will take 16 weeks. Please can you let me know if this is correct or if you expect it to take a different amount of time?

Also being speculated about is the volume of gas that has been hedged. It has been claimed that you have hedged 70% of 10mmscf/d and therefore the sidetrack has to be completed and everything has to run well for the project to be viable. Please could you confirm if this is correct or if the hedge is for different figures? Asked on 23 September 2021
We would be surprised and disappointed if the drilling part of the programme exceeded 28 days and the entire programme involved more than 7-10 days either side. On behalf of the Board, we have never heard or seen of any internal document which suggested we were planning for a 16 week side-track at Saltfleetby and we would challenge the poster to produce it. For that matter I haven’t heard of a drilling programme anywhere to these depths which could conceivably take 16 weeks – except perhaps on Mars, which is possibly where your poster hails from.

Supplementally, one poster has pointed out that the Planning Application allowed for 16 weeks time. This is not some “internal document” which the poster only had access to, but part of an application that is publicly available. Every company puts in their application for more time than is absolutely necessary in every sphere of life. This is hardly news. We reiterate drilling to these depths does not take 16 weeks as every reasoning investor in this industry knows.

The other assertion is equally bizarre and must be challenged. We have already clearly stated that the hedge was for “approximately 70% of the Company’s future gas sales …. under a conservative projection” and this was prudently set by the lenders, based, as we understand it, on their own estmates of achievable flow from the existing wells and excluding the contribution from the side track. Otherwise it would obviously not be a conservative projection.

[jtidsbadly] 12/11/2021 12:59

Yes, those polo ponies will have to go, if they haven’t already. No more Ham jollies, what? Those club memberships a thing of the past. The Dow ‘63 merely a fragrant memory.

Sic transit Gloria Mundi (whoever she was).

[solo4yous] 12/11/2021 12:53

Since the publication of the CPR yesterday there has been much discussion on the forums about the amount of gas that has been hedged each month. This figures show that the hedged sum is up to almost 5.4mmscfd in November 2022 and because the Jan 2015 July 2017 production averaged 4.7mmscfd it has been claimed that Angus has to drill the sidetrack just to cover the volumes required for the hedge. However, further details in the CPR show that 2022 production is predicted to be 2.8 BCF 7.7mmscfd in 2022 and 3.6 BCF 9.8mmscfd in 2023.

So my questions are:

A What is the predicted output of Saltfleetby without the sidetrack being drilled? Will it be enough to cover the 5.4mmscfd of the hedge in November 2022?

B If the sidetrack is successfully drilled, what would you hope would be the total gas output of Saltfleetby mmscfd in a worst, probable and best case scenario?

C Will it be possible to continue producing gas at Saltfleetby while the sidetrack is being drilled or does all production have to stop during this time period? Asked on 27 October 2021



When do you think you might be able to pay dividends to shareholders? Asked on 27 October 2021
With a successful side track we would hope to be debt free and dividend paying during the financial year beginning September 2023.

[jtidsbadly] 12/11/2021 12:50

HITS: I think he may well be the notorious rule-breaking deposed Chairman of this dog himself. Captain America to those who watch his activities most closely. He’s taking all this commentary increasingly personally. I hope his holding in Anguish doesn't represent a large proportion of his personal wealth. If it does, it’s not surprising that he’s so upset with us, what? A bit of a sickener, I should think.

[headinthesand] 12/11/2021 12:41

(I rest my case)

[davemarn] 12/11/2021 12:40

The market appears to be extremely cautious on Saltfleetby reconnection plan, hence the undervaluation of the current Share Price.

Can we please have a detailed and transparent plan with dates to First Gas ?

Where is equipment being built and approximately when is each skid coming onto site and what is the remaining work needed to tie in each skid on the site?

Is it true that EA approval is not required until the gas actually flows?

Thank you. Asked on 15 October 2021
Yes. We have in mind a further presentation this month on precisely this level of detail with a list of all suppliers and their best estmates of timelines etc. EA approval is required for commissioning operations, or any operations involving flowing of gas or running of combustion equipment, not construction per se.

[headinthesand] 12/11/2021 12:38

Sincero... "Why not?" Are you serious?

Regardless of your opinion of what you'd see as more negative posters here, the fact that they ONLY post here (and not on other ADVFN share discussion boards) is a major difference.

As is the fact that they don't merely and endlessly copy n paste repeated ANGS puff and spin that's all already in the public domain anyway.

If your wish is to see the ANGS share price rise, then the activities of this multi-ID moron are very obviously not helpful. They're merely (and frankly, amusingly) giving a much wider audience the distinct impression that ANGS is a dog of a share.

That's "why not".

[sincero1] 12/11/2021 12:34

hits - why not ? after all the resident disingenuous grey window lickers can claim people here are employed by or are employees of the company paid to post ...its nuts ... fabricated to suit a negative agenda , always spouted when they are caught out and ridiculed and discredited ... and if you want desperation look at the posts from the said same nobodies , see the damage it has done to chickbait & uclot ..those poor souls were already dealt bad cards from day one in the brains department ...

[headinthesand] 12/11/2021 12:29

Gaffer, he's merely copy n paste spamming ANGS spin all over ADVFN.

[gaffer73] 12/11/2021 12:27

He's quoting the question's section from the website. The CPR was released a couple of weeks ago.