Angus Energy Share Discussion Threads

[1347] 19/11/2021 07:22

JT In my opinion their 'forecasts' have proven to be so at odds with subsequent reality, right from when they acquired Poundland that, in my opinion, it constitutes misleading market. Something I have felt for some time should be investigated by the FCA. It's not just Poundland either, the claims made about other assets have also been in a similar vein, the claims made for Lidsey and Brockham all proved to be wildly optimistic, to say the least. More recently they announced they would appeal the Balcombe planning decision, as far as we know they did not do so and it needed to be done by early September. In my view things are getting worse not better.

[3put] 19/11/2021 00:08

JT - Why do you remain invested ? I don't think you have said one positive thing

[3put] 19/11/2021 00:08

woops wrong place

[3put] 19/11/2021 00:07

Kemche, I'm disappointed in you. I thought you would be long gone. Lovely short but only lemons and mushrooms still leveraged now i'm afraid

[jtidsbadly] 18/11/2021 22:43

... and, for comparison purposes, this is what the Interim MD said on 30 November last year:

“In view of the impending Christmas break and inevitable Covid-19 related delay, we expect to conclude documentation and drawdown by the end of January but at any rate in the early first quarter 2021 following which we will be able to accelerate the procurement process as we head toward First Gas in H1. In the meantime, we continue
with detailed design whilst isolating key long-lead items for express procurement and are happy to note that our hydrogen ready pipe is now safely laid and we are progressing with the final 150m steel stretch of the pipeline.”

That 150 metres of pipeline is not laid yet, I think. It’s clear, surely, that these forecasts were at odds with reality. Not the only time that’s happened. When I’ve been misled more than once by an individual, I look for the misleading content in their next statement. And the one after that.

[jtidsbadly] 18/11/2021 22:25

Gaffer: idle chit chat.

They’ve said we’ll get a proper update this month, haven’t they? To say equipment is in hand seems to me a bit of a stretch. The equipment in the photos so far is mostly
in fabricators’ yards or on pallets awaiting shipping, if any. That nice blue American compressor that’s supposed to be making its way to Poundland in the sea lanes will have to make a detour via Kent presumably, so they can fix those rusting flange-ridden pipes to them. It’s dreadfully late already, the whole thing. Have you not read the June/August updates? If they’re up to schedule, where is all this kit? Twitter would have been full of it. We haven’t even been told yet whether the detailed design work has been completed.

It’s all very well saying delays are only to be expected but Anguish hasn’t got the money to endure delays beyond June.

[1347] 18/11/2021 22:19

The point of this BB is for exactly that, chit chat. However it's clear to me that their revised, revised, revised plans will be moving to the right in terms of timecales. That also means increased costs as the G&A meter is still running (check cash burn rate in last interims). Anyone who can't see that is just deluding themselves, but hey, ho, that's just fine with me.

[gaffer73] 18/11/2021 22:07

The recent tweets show that progress is being made and equipment is in hand. If they are behind schedule they should update shareholders accordingly, until they do, all the talk of delays is just idol chit chat.

[1347] 18/11/2021 21:57

JT Not much in the way of woods out near the east coast. Maybe Peter Pan would be better, Neverland seems quite like Poundland to me.

[1347] 18/11/2021 21:22

Well as I've said before, it's no cop as an investment but quite a bit of fun on the entertainment side of things. Watching Anguish Energy is like watching a slow motion car crash over 4 years.

I see another 'expert' has appeared in Kansas, wants HITS to crawl under a rock, bit harsh I thought when HITS has only fairly recently escaped the lobster pot, not really recovered from that yet, easily confused.

Any sign of EA permissions, Balcombe appeals, Lidsey partners, Court case dates, Knowe TR-1s, or that structure for the Ferris wheel? Looks like another 4p target missed again tomorrow.

[davemarn] 18/11/2021 21:00

A very credible posterUnlike you shorters and local NIMBYsress2003Posts: 10Price: 0.875No OpinionRE: Another Tweet and Another Element of the Project Being ProgressedToday 19:55Honestly you are a very sad individual!!, you do nothing but try and bash this share ever day!!!, get a life and move on!!, and I also think you must be one very lonely person if all you can do is try and put doubt in people's minds who have invested a lot of money to try and make a better life for themselves,, why don't you go crawl back under a rock or something?, and also if angs are a little late with gas to grid date so be it!, I work in the gas Industry and commissioning and there is always unforeseen issues!, that's commissioning for you!, but once it's putting gas to grid it will work very well!, I know as that's what I do fit a living ??

[jtidsbadly] 18/11/2021 20:38

JA51: We’ve tried to point out to them that if the gas isn’t flowing by May/June, Anguish’s assets may fall into the hands of the Lenders. Understanding this really matters to small investors who are hoping for life-changing returns. It may avoid their having to accept life-changing losses.

In about 10 weeks time, the Interim MD will be having chats with the auditors on the subject of the company’s status going forward. In about 15 weeks time, the results of those chats will be reflected in the report and accounts. Allowing delays just to carry on sine die will no longer be an option.

Your comments on the planning permissions are well taken. Will Anguish have sent the new plans in to the EA/HSE? If the latter decide they require detailed review - particularly with the unilateral decision by Anguish not to conduct a well test on the sidetrack - there’s no telling how long this is going to take.

[ja51oiler] 18/11/2021 20:36

Come on Dave answer the question rather than posting other peoples work(possibly)from another chat board!........ Is that full moon calling you yet!!

[davemarn] 18/11/2021 20:17

ress2003Posts: 10Price: 0.875No OpinionRE: Another Tweet and Another Element of the Project Being ProgressedToday 19:55Honestly you are a very sad individual!!, you do nothing but try and bash this share ever day!!!, get a life and move on!!, and I also think you must be one very lonely person if all you can do is try and put doubt in people's minds who have invested a lot of money to try and make a better life for themselves,, why don't you go crawl back under a rock or something?, and also if angs are a little late with gas to grid date so be it!, I work in the gas Industry and commissioning and there is always unforeseen issues!, that's commissioning for you!, but once it's putting gas to grid it will work very well!, I know as that's what I do fit a living ??

[ja51oiler] 18/11/2021 20:15

JT
It isn't a difficult question really is it? Obviously, they agree with my timetable. Plenty there to debate or disagree with otherwise why post on a chat BB designed for that very reason.

[jtidsbadly] 18/11/2021 19:59

JA51: the mask slipped earlier today. They’re either the same person or they share an office. Comical really, a classic boiler room. If you’re going to do it, you have to maintain the fiction of independent posting and they’ve blown that.

They’re not paid to have an opinion or to debate the merits of investing in this. They’re paid to disrupt. Engaging with them is counter-productive, as with trolls in general on internet sites. I doubt they know much more than the Interim MD about oil and gas. While on that topic, are Anguish still looking for an MD with some oil and gas experience, Jonny?

[ja51oiler] 18/11/2021 18:55

You just cant help yourself can you!

Only I forgot to list all the bunding works on the 30 concrete pads...and the flare...and the two lorry HGV loading stations that will need to be bunded also! Best put another month on the below.....I'm sure I can think of a few more things as well!

let's be realistic here.

Best case scenario is the plant and contractors have come on site after finishing off the last 100/150 MTRS of the pipeline at Threadneedlethorpe.

They have dug the bank back to extend the site. If they can lay the footings for the pipe rack without having to bring the newly exposed ground up to EA speck (I would be surprised if they could as liquid will be running through the 2/3 KM of pipes) that's still a week or two's work. They then have to fit the pipe and racks electrical cables and alike. At least a month. Then they have 30 concrete slabs slabs to lay. Say a day each being generous. Then installing and commissioning all the equipment. let's say 2 weeks again being generous.

But then you have to allow for the sidetrack due to start on Jan the 5th Six weeks minimum by the companies own admission.

Anyone who has looked at the equipment they bring on to do a sidetrack will realise they can't do both together, Possibly with the exception of welding the pipework if it's in place. Unlikely to be allowed when drilling for gas though.


That takes us to around the middle of April on a best-case scenario!

Just to confirm the planning permission for the sidetrack won't be valid with the plant in position as per the CPR drawing. The Planning Permission for the site extension also bears no resemblance to that shown in the CPR also (watch this space on that)

End of May to the middle of June for me and that's with it going ok. I expect lots of delays with the sidetrack however if they can even get it to flow of course!

I have always said there is a reason the Hedge and loan repayment starts in July!

[davemarn] 18/11/2021 18:51

Sincero nominated as the stalwart investor herejust for ja51"contractvoid"oiler i will put the important words in capital letters so he can copy them in crayon in his colouring in book ....what a stupid boy...JA51OILER - 31 Mar 2021 -" As JT has pointed out, if there was a CONTRACT still in place with Shell as you maintain, Angus would be in breach for non-delivery and it would now be VOID.JA51OILER - "They could well be in breach of conditions in said CONTRACT" " I'm sure there will be a CONTRACT in place but I very much doubt it will be the original".Angus q&a reply oct 2021:"The CONTRACT is still in place and the terms are unchanged."

[ja51oiler] 18/11/2021 18:22

Thought you might reply so I unfiltered you "Moron"

Back of the class boy!.... Hardly the biggest talking point at the time let alone now!

Care to join in the debate on timescales for 1st gas or carry on commentating on the Better informed crowd?

[sincero1] 18/11/2021 18:20

ja51"contractvoid"oiler- get the crayons and coloring book out again:
CONTRACT definition : a written or spoken AGREEMENT.
please ask nurse to remove any sharp objects and put rubber tips on the corners of all your tables....so you don't hurt yourself....

[sincero1] 18/11/2021 18:04

just for ja51"contractvoid"oiler i will put the important words in capital letters so he can copy them in crayon in his colouring in book ....what a stupid boy...
JA51OILER - 31 Mar 2021 -" As JT has pointed out, if there was a CONTRACT still in place with Shell as you maintain, Angus would be in breach for non-delivery and it would now be VOID.
JA51OILER - "They could well be in breach of conditions in said CONTRACT" " I'm sure there will be a CONTRACT in place but I very much doubt it will be the original".

Angus q&a reply oct 2021:
"The CONTRACT is still in place and the terms are unchanged."