Angus Energy Share Discussion Threads

[1347] 22/11/2021 16:10

JT Yes I know and I suspect you know I know. Maybe they should rename the wells to Hokey Cokey 1 and Hokey Cokey 2? Still it will soon be worth loads more, what with that huge hydro carbon field just to the west that no-one noticed before, lucky strike or what?

[jtidsbadly] 22/11/2021 15:43

1347: yes, he achieved that particular coup shortly after taking the reins at Anguish. Before he knew anything about oil or gas, or about well fed Australian stock promoters. Then he decided, after eighteen months under his belt, that it needed to be abandoned and said Anguish had made financial provision for the same. Six months after that, faced with the prospect of a financial deficit in the Accounts, he changed his mind again and put it back in the frame again. Nice pragmatic management, what? He must have learned a lot in the process. I wonder what he’s got planned next. Let’s hope it's a juicy one. This update is going to be good..

[solo4yous] 22/11/2021 15:34

Short Seller Observation 4: Angus Energy will need £4.4m for payment to £12m Lenders in July 22
Actual Reality Observation 4:
I think it is fair to say based on a number of communications from the company the debt is likely to be shared somewhat by both Parties (Saltfleeby Energy Limited). This worry bead completely writes off the possibility that Angus Energy would be able to produce pre-Hedge (fixed gas price levels a lot lower than spot prices). If they can get decent Gas flows 4mmmcfd+ pre July 2022 when the hedge kicks in, that would help them considerably generate cash between the two parties. This is also writes off any possibility warrant holders would choose to exercise their rights for 165m shares at 1.36p average

[jtidsbadly] 22/11/2021 15:25

1347: I see what you mean about Jamesll! Terse prose, as though the words were spat out between clenched teeth, what? He’s almost as clear and economical as Terminator101 last week. How will Ocelot respond? I feel it’s time for one from her.

[1347] 22/11/2021 15:25

(Stops timer at 1 minute)

JT Cud, in all it's various personnas, is filtered here and if I take a trip to Kansas I skip over it's posts and I can't help with any lessons. Anyway, the fat Aussie is long gone, buying that extra interest for Lidsey, which was then shut in, was a master class deal by LL what, what? Now Anguish have a bigger percentage of 0.0.

(Resets timer...)

[sincero1] 22/11/2021 15:07

jtisadly humiliated and embarrassed again ....... i really should go easier on the old, confused and stupid but you need to learn ..... perhaps if you told the truth you wouldn't be caught out so much ....... try harder, keep reaching for that rainbow ....although i imagine your lips look like a rainbow with all the different coloured crayons you are eating .....

[jtidsbadly] 22/11/2021 14:27

Jonny: you see, very rude indeed, and as ignorant as you are rude. EA approval? HSE approval? Where’s the update?

[headinthesand] 22/11/2021 13:48

This is all total bollix. It's actually brutally simple.

There are two near-term milestones that both need to be hit without fail.

1. Poundland (the field in total, forget the split) needs to be producing enough revenue come June to meet the first swathe of already committed-to debt funding costs.

2. Poundland needs to be producing enough gas come July and onward to meet the hedged volumes already committed to.

That's it.

The fact that nothing seems to be going on onsite (according to the company's own very recently tweeted pix) is concerning, because it shows that further schedule slippage has already occurred (but the company hasn't informed the market of this as of yet).

According to its own issued information, ANGS is meant to be starting its sidetrack in just six weeks' time (Jan 4th)... but there's still no equipment onsite and the required groundworks don't seem to have been started yet.

Every week of delay/inaction that goes by adds another week to sidetrack date and to first gas date. And let's not forget, first gas is already at least 14 months overdue against ANGS's first assurances...

This looks like it's going down to the wire - and the possibility of ANGS producing any gas and banking some much-needed revenue prior to the hedge kicking in becomes less likely every single day.

ANGS FINALLY needs to deliver. How much gas, George? And by when? Those are literally life or death questions for the company.

[sincero1] 22/11/2021 12:20

thinking about jtisadlys comments about mercuria ... perhaps the brown crayon will be his favourite too .....

[sincero1] 22/11/2021 12:07

jtisadly "approvals? They’ve got approvals?" yes the oga approval for saltfeetby including the sidetrack .... remember the approval you said they wouldn't get but did. like the placing you said they would do and didn't. like the 0.20 price you said it would be 26+ weeks ago and it wasn't. like the they ran out of money at the end of march comment and the interims said they didn't. like etc etc etc ... you got wrong or simply made up to be negative.
again for clarity i'm a shareholder, i post only here under 1 profile that is all , your suggestion that i do not to suit your negative agenda and to save your further embarrassment only shows who the actual troll is .. you clearly have no idea what a internet troll is .. perhaps look in the mirror, after all you are the non and never have been shareholder who only posts negatively here....
senility in old age is very cruel .... how do the crayons taste ? ja51contractvoidoliers favourite is the brown one ...match the slacks he wears just in case the knock at the door comes...

[headinthesand] 22/11/2021 12:03

This is all total bollix. It's actually brutally simple.

There are two near-term milestones that both need to be hit without fail.

1. Poundland (the field in total, forget the split) needs to be producing enough revenue come June to meet the first swathe of already committed-to debt funding costs.

2. Poundland needs to be producing enough gas come July and onward to meet the hedged volumes already committed to.

That's it.

The fact that nothing seems to be going on onsite (according to the company's own very recently tweeted pix) is concerning, because it shows that further schedule slippage has already occurred (but the company hasn't informed the market of this as of yet).

According to its own issued information, ANGS is meant to be starting its sidetrack in just six weeks' time (Jan 4th)... but there's still no equipment onsite and the required groundworks don't seem to have been started yet.

Every week of delay/inaction that goes by adds another week to sidetrack date and to fist gas date. And let's not forget, first gas is already at least 14 months overdue against ANGS's first assurances...

This looks like it's going down to the wire - and the possibility of ANGS producing any gas and banking some much-needed revenue prior to the hedge kicking in becomes less likely every single day.

ANGS FINALLY needs to deliver. How much gas, George? And by when? Those are literally life or death questions for the company.

[chickbait] 22/11/2021 11:49

Are you for real?

[solo4yous] 22/11/2021 11:14

Short Sellers Observation 5: Angus Energy will always need placings to fund their General and Administration Costs particularly with First Gas being late
Actual Reality Observation 5:
There is 165m warrants have the following exercise prices: 50% at 1.2p; 25% at 1.35p and 25% at 1.5p.
This is £2.1m+ in funding accessible and supports the company. Yes it is a dilution of 16.87% but when you factor in the predicted cash flows and a decent chunk to run the business for other opportunities and service liabilities it’s not a destructive amount in my opinion.
There are those who forget there is the Convertible Loan Note Holders who may also have £1.4m worth of warrants at 1.30p i.e. 107.693m shares and therefore another 11% dilution.
Total dilution with warrants 28% against todays 978m shares in circulation.
All hypothetical of course but that’s discounting £3.5m a 40% of total market cap cash in the bank!

[jtidsbadly] 22/11/2021 10:47

Jonny: approvals? They’ve got approvals? When I asked you to say something about Anguish, I said sensible, not codswallop. Sorry, cudswallop. If they’ve got approvals, why aren’t you busy business developing rather than trolling this site?

[solo4yous] 22/11/2021 09:47

Short Seller Observation 4: Angus Energy will need £4.4m for payment to £12m Lenders in July 22
Actual Reality Observation 4:
I think it is fair to say based on a number of communications from the company the debt is likely to be shared somewhat by both Parties (Saltfleeby Energy Limited). This worry bead completely writes off the possibility that Angus Energy would be able to produce pre-Hedge (fixed gas price levels a lot lower than spot prices). If they can get decent Gas flows 4mmmcfd+ pre July 2022 when the hedge kicks in, that would help them considerably generate cash between the two parties. This is also writes off any possibility warrant holders would choose to exercise their rights for 165m shares at 1.36p average

[jtidsbadly] 22/11/2021 09:36

JA51: I don’t know anything about “telegram groups” I’m afraid. I can’t understand why even the most naive investor is taken in by some of these characters. Some of them are good fun but you wouldn’t lend them your money, would you?

I watched an early interview with the Interim MD at the weekend, where he referred to his having a number of other Directorships. Well, he appears to have 2 outside the Anguish group, both companies tiny and loss-making. I wonder what they pay him. There’s very little data in their Companies House filings, though one of them has its Accounts due next month, I think.

[sincero1] 22/11/2021 09:31

jtisdaly - still lying about my filter tut tut ....bod increasingly confident, mercuria, shell, hires, equipment , financing , approval all fact .. "that's not good enough"... you're an idiot. what is "not good enough " are you ever so desperate attempts at negativity .. weather, pipework etc ...what's next ? the illuminati or aliens ? perhaps if you ask nicely ja51contractvoidoiler will let you have some of his uneaten crayons and his colouring in book ......try not to eat the crayons ...

[ja51oiler] 22/11/2021 09:27

JT
Worryingly I took a look at the fat ten-gallon hat-wearing Aussies Twitter feed over the weekend. He was trying to push a Telegram group on there! Didn't the Multi id "Moron" try to push a telegram group on here and the other site?

[solo4yous] 22/11/2021 09:21

Short Seller Observation 3: Angus Energy will need a placing before First Gas
Actual Reality Observation 3:
The Placing question can only be answered by the real Angus Energy schedule for commissioning and First Gas. Until they know the precise plan which they continue to fail to address (Mid Nov 21) then this is an unknown. Even if they do conduct a placing to pay their fat salaries I would hope it isn’t a large one because when the Gas flows there is anticipated to be decent cash flow that could more than cover liabilities.

[jtidsbadly] 22/11/2021 09:18

JA51: can you recall whether a change in the ownership/control of Anguish triggers the enforcement of repayment of the £12mm. loan?

Jonny: that’s not good enough. There’s no evidence whatever of greater confidence on the part of the management. They’re doing what they’ve been doing for years - lurching at shareholders’ expense from one total waste of money to the next. Meanwhile they have little or no personal exposure to what happens to the share price. If they’re confident, they’ll be prompt in sharing the foundations of this confidence with shareholders, what? Where’s the promised update?

[sincero1] 22/11/2021 09:09

jtisadly - thought i was filtered ? still lying eh ? still disingenuous posting over the weekend i see , ever thought of getting a hobby ?

bod increasingly confident, mercuria, shell, hires, equipment , financing , approval ..... all fact .. all you have is negative supposition ... do try harder , you're embarrassing yourself .. not as much as the crayon eater ja51conractvoidoiler ... but pretty close ...

[ja51oiler] 22/11/2021 09:08

JT
The trouble for the Multi-multi-Id idiot is that if Angus is forced to raise again the CLN could be exercised at a lesser rate. if it was at a 30/40% Discount lower than the bid price today that would give Knowe more than 30% wouldn't it?