Angus Energy Share Discussion Threads

[sincero1] 17/11/2021 10:27

hits - as with everything time will tell... i just like to point out the ludicrous and disingenuous too...

[solo4yous] 17/11/2021 10:14

Who cares if First Gas is in Q1-Q2 2022?

Im absolutely wetting myself laughing and its SO TRUE:

sincero1
17 Nov '21 - 10:10 - 11325 of 11326
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ja51contractvoidoiler " 1st gas end of May early June by my estimations." you were the plonker that stated as fact the contract with shell was void ...so lets just ignore you as you clearly are clueless with a negative agenda ...

[headinthesand] 17/11/2021 10:12

JA51, the likelihood of first gas only being reached by mid Q2 next year (at best) has been on the cards for months.

George's latest squeaked projections on this still state "by February", but that's patently ludicrous. He's set to continue his undeviating record of complete inaccuracy (as ever).

[solo4yous] 17/11/2021 10:11

Im absolutely wetting myself laughing and its SO TRUE:

sincero1
17 Nov '21 - 10:10 - 11325 of 11326
0 0 0
ja51contractvoidoiler " 1st gas end of May early June by my estimations." you were the plonker that stated as fact the contract with shell was void ...so lets just ignore you as you clearly are clueless with a negative agenda ...

[solo4yous] 17/11/2021 10:10

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.

[sincero1] 17/11/2021 10:10

ja51contractvoidoiler " 1st gas end of May early June by my estimations." you were the plonker that stated as fact the contract with shell was void ...so lets just ignore you as you clearly are clueless with a negative agenda ...

[ja51oiler] 17/11/2021 10:07

I was interested to see that the CPR gives a spud date for the sidetrack as January the 5th. How the hell have they come up with a date like that?

There is at least a week to 10 days setting up before spudding and the regulators who would need to approve it will all be on Xmas break. That's without the fact that all those specialist contractors will also be unavailable due to the same!

It's just a figure they have plucked out of the air, isn't it! Just like the date they gave for the loan negotiation to be concluded, which turned out to be a bank holiday Monday.

All evidence is pointing to this moving at least a couple of months to the right.
1st gas end of May early June by my estimations.

[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
0 0 0
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?