Angus Energy Share Discussion Threads

[solo4yous] 17/11/2021 09:52

sincero1 - 17 Nov 2021 - 09:06:13 - 11318 of 11322 New Angus Charts and News - ANGS
jtisadly you are the definition on inaccuracy .... a discredited, disingenuous geriatric nobody with a negative agenda....
sincero1 - 16 Nov 2021 - 15:46:31 - 11274 of 11322 New Angus Charts and News - ANGS
jtisadly the meteorologist is back...pahahahaha..what an empty headed idiot
sincero1 - 16 Nov 2021 - 15:45:17 - 11273 of 11322 New Angus Charts and News - ANGS
p&d????..look at the price, the spread, the volumes..clueless.... a lazy attempt at negative posting again...yawn...
sincero1 - 16 Nov 2021 - 13:22:41 - 11265 of 11322 New Angus Charts and News - ANGS
solo - jtisadly probably is a local - only posts on angs and only negative supposition.

ja51contractvoidoiler - halfwit easily lead bitter investor , ditto uclot .

13reallyneedsahobby47cptmainwaring ... just a pompous nobody who appears to lose on every investment judging by his posting history on here and other boards
sincero1 - 16 Nov 2021 - 12:49:39 - 11260 of 11322 New Angus Charts and News - ANGS
jtisadly back posting as himself .. to me , to you , to me , to you ...

[solo4yous] 17/11/2021 09:13

81% of stock has been held in private and institutional hands at one point - thats big reduction in float from June stats!

[solo4yous] 17/11/2021 09:13

Probably a local with a little bit of trading experience ;)

sincero1
17 Nov '21 - 09:06 - 11318 of 11318
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jtisadly you are the definition on inaccuracy .... a discredited, disingenuous geriatric nobody with a negative agenda....

[sincero1] 17/11/2021 09:06

jtisadly you are the definition on inaccuracy .... a discredited, disingenuous geriatric nobody with a negative agenda....

[jtidsbadly] 16/11/2021 23:48

If you shills can spot an inaccuracy in that post, I’d be happy to discuss it.

[solo4yous] 16/11/2021 22:46

gaffer73
16 Nov '21 - 22:01 - 11309 of 11311
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I'm pretty confident that these will achieve first gas in Q1 2022. If that is the case I can only presume the share price will be 2p+.
That's the simple case for me holding.
gaffer73
16 Nov '21 - 22:25 - 11310 of 11311
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An interesting passage from the Q&A section regarding the loan repayments.

"As per RNS releases Saltfleetby Energy is contributing its security in the Field and allowing its share of revenues in the Field to be applied to service the debt. Angus is however the primary Obligor and is leading the way on documentation although we and our partners are separately represented and endeavour to respond to the Lender’s counsel with a single voice."

That seems to confirm that both parties will be repaying the loan.

[jtidsbadly] 16/11/2021 22:45

gaffer73: I don’t think there's been a doubt over this, has there? Not on this board, anyway. The primary issue is, when will they get to first gas? The close second is, how much? They are time constrained. The Lenders may not want to take the asset but the point is, if they want to, they may well be able to if Anguish/SEL cannot earn enough cash to pay the first instalment of interest and capital at the end of May. The reason people on here are sceptical is because Anguish has a history of missing deadlines and carrying on missing their replacement deadlines. You can’t rely on a single one of their assurances.

[1347] 16/11/2021 22:44

gaffer The loan will be repaid from the revenue attributable to both parties, that's been covered in earlier RNS announcements.

However the first issue is will they be producing enough gas and generating enough revenue in time to cover the loan repayments and fulfil the hedging contracts?

The second issue is that the interest, royalties and fees, because of said loan, which will be eating into the bottom line, the bottom line being those profits that are attributable to ordinary shareholders.

The fact is there are now too many snouts in this particular trough and a BoD who are, in my opinion, so inept that I'm surprised they haven't been called up for Johnson's failing government (another hopeless and disingemous Etonian (again in my opinion)).

[gaffer73] 16/11/2021 22:25

An interesting passage from the Q&A section regarding the loan repayments. "As per RNS releases Saltfleetby Energy is contributing its security in the Field and allowing its share of revenues in the Field to be applied to service the debt.  Angus is however the primary Obligor and is leading the way on documentation although we and our partners are separately represented and endeavour to respond to the Lender's counsel with a single voice." That seems to confirm that both parties will be repaying the loan.

[gaffer73] 16/11/2021 22:01

I'm pretty confident that these will achieve first gas in Q1 2022. If that is the case I can only presume the share price will be 2p+. That's the simple case for me holding.

[headinthesand] 16/11/2021 20:16

Dave at least the info you keep spam posting is only a month old (and lthough pointlessly boring, considerably newer than those "latest" Twitter pix)

[davemarn] 16/11/2021 19:42

Nice one fellaFrom WebsiteSince 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 2021A.The lenders technical advisers and Angus evaluated the deliverability of the existing two wells as being likely to be greater than 5 mmscfd. The reasoning was twofold. In the last years of delivery to the old Conoco refinery, average production was constrained by persistent issues with the main compressor at Theddlethorpe. Secondly it was the view of technical experts that, following a prolonged shut-in, the two wells should have improved deliverability in the first 18 months or so of operations. This is because prior to shut in there was an area of reduced pressure around the producing wells. Since then the pressure has equilibrated across the field resulting in significantly higher pressure around the producers. So it is our view that the hedged production should be able to be covered by these two wells in the event of failure of the sidetrackB. Finger in the air: Worst 7mmscfd, Probable 10mmscfd, Best 10mmscfd (but extended for a longer period of time) Note, the combined deliverability of the three wells will exceed the production rate during the plateau period which is limited to 10mmscfd by virtue of the process equipment.C. We believe that simultaneous operations are feasible on this site but we do need to do much more work on how such operations would be conducted.

[jtidsbadly] 16/11/2021 19:36

I can’t get into the Twitter page for some reason. I hadn’t noticed the leaves. I did see what looked like a thin scaffold tower in one of them. Is that the flare? I also noticed a kid in a Viking helmet. What was he doing there? Unless it was Bill Oddie again..

If the photos are a month or two old, you have to ask yourself why they’d stick those on Twitter, rather than post new ones. Does it imply that they started work and have since stopped?

[solo4yous] 16/11/2021 19:25

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.

[chickbait] 16/11/2021 19:21

Wow. Loads and loads of copy and paste ramping . Another placing anyone or a pump and dump?

[solo4yous] 16/11/2021 19:12

From Website

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
A.The lenders technical advisers and Angus evaluated the deliverability of the existing two wells as being likely to be greater than 5 mmscfd. The reasoning was twofold. In the last years of delivery to the old Conoco refinery, average production was constrained by persistent issues with the main compressor at Theddlethorpe. Secondly it was the view of technical experts that, following a prolonged shut-in, the two wells should have improved deliverability in the first 18 months or so of operations. This is because prior to shut in there was an area of reduced pressure around the producing wells. Since then the pressure has equilibrated across the field resulting in significantly higher pressure around the producers. So it is our view that the hedged production should be able to be covered by these two wells in the event of failure of the sidetrack

B. Finger in the air: Worst 7mmscfd, Probable 10mmscfd, Best 10mmscfd (but extended for a longer period of time) Note, the combined deliverability of the three wells will exceed the production rate during the plateau period which is limited to 10mmscfd by virtue of the process equipment.

C. We believe that simultaneous operations are feasible on this site but we do need to do much more work on how such operations would be conducted.

[solo4yous] 16/11/2021 19:11

Natural gas prices in Europe soar as Germany suspends approval for Nord Stream 2 pipeline

Posted by Teo Blašković on November 16, 2021 at 13:12 UTC (4 hours ago)
Categories: Energy, Featured articles

Natural gas prices in Europe soar as Germany suspends approval for Nord Stream 2 pipeline



Natural gas prices in Europe soared again on Tuesday, November 16, 2021, as the German Federal Network Agency -- Bundesnetzagentur -- suspended the process of certifying the new Russian gas pipeline called Nord Stream 2.

The pipeline was completed in September 2021 and is designed to bypass Ukraine and connect Russia directly to Germany.
With about 40% of natural gas in EU coming from Russia, leading energy traders have warned of the risk of rolling blackouts in Europe in the event of a colder than average winter.
In a statement issued today, Bundesnetzagentur said it would only be possible to certify an operator of the Nord Stream 2 pipeline if that operator was organized in a legal form under German law.1

"Nord Stream 2 AG, which is based in Zug, Switzerland, has decided not to transform its existing legal form but instead to found a subsidiary under German law solely to govern the German part of the pipeline," the agency said in a statement. "This subsidiary is to become the owner and operator of the German part of the pipeline. The subsidiary must then fulfil the requirements of an independent transmission operator as set out in the German Energy Industry Act (sections 4a, 4b, 10 to 10e EnWG)."

The certification procedure will remain suspended until the main assets and human resources have been transferred to the subsidiary and the Bundesnetzagentur is able to check whether the documentation resubmitted by the subsidiary, as the new applicant, is complete.

"When these requirements have been fulfilled, the Bundesnetzagentur will be able to resume its examination in the remainder of the four-month period set out in law, produce a draft decision and deliver it to the European Commission for an opinion, as provided for in the EU legislation on the internal market."



Credit: Nord Stream 2

European gas futures prices gained 10%, piling on the pain for businesses and households already paying much higher bills.2

Natural gas prices have rocketed this year in Europe3, where gas plays an essential role in power generation and home heating.

With about 40% of natural gas in EU coming from Russia, leading energy traders have warned of the risk of rolling blackouts in Europe in the event of a colder than average winter.

The decision comes at a time of rising tension between the European Union and Russia over Ukraine and a migrant crisis on the Belarus-Poland border.

[davemarn] 16/11/2021 19:06

You all look foolish picking at holes that don't existYou have already been informed in CPR FIRST GAS slippage to March 2022 also logistics issues.Get a life ffs

[ja51oiler] 16/11/2021 18:59

looks like another meltdown happening!!! Careful or you might forget which side of the trade you are on when talking to yourself!

[davemarn] 16/11/2021 18:48

If you don't believe in your investment SellEasy.Idiots.The lot of YOU NIMBYs

[davemarn] 16/11/2021 18:45

IdiotHe isEven his own crew is discrediting deramping scaremongering HITS.WG818Price: 0.875No OpinionRE: Wake me up at 0.7Today 18:29HITSThe picture looks current to me. The vegetation around the site will be evergreen as it's for shielding.The long shadows also give you an ideal that it was taken around 3.00pm yesterday.PS. The contractors are the same lot who did the pipeline (see the logo on the digger).