Angus Energy Share Discussion Threads

[chickbait] 25/11/2021 22:46

There may be some relief coming for long suffering Anguish Lethargy shareholders. I have read that they are trying to ban boiling live lobsters in the UK. Apparently they feel pain?

[jtidsbadly] 25/11/2021 22:25

1347: Ocelot has this covered too. He feels that the bearish tenor of the views expressed by some contributors here is the result of losses they’ve sustained that have embittered them against Anguish. It’s time to look forward. The company will never be able to access the equity market for funds again if investors persist in this very negative stance. He (the Interim MD)’ll do better next time. He’s gone miles along the learning curve compared to where he was three years ago, what? Still Tim, nice but dim, but with three years under his belt running an oil and gas company. What’s not to like?

[chickbait] 25/11/2021 22:23

More like 3022.

[gaffer73] 25/11/2021 22:22

Pretty sure that should say 2022 though...doh!

[gaffer73] 25/11/2021 22:20

"In the light of an extraordinary global logistical disruptions, the CPR makes a conservative assumption of 15 March 2021 First Gas date, but the Company continues to pursue its schedule of commissioning and First Gas during February 2021." There you go then, from the RNS.

[1347] 25/11/2021 22:14

CB Yes they are experts - at maintaining their lifestyles using funds provided by others. And I'm not called Rodney.

[chickbait] 25/11/2021 22:08

1347. But they are experts. Why are you being so harsh?

This time next year Rodney.

[1347] 25/11/2021 22:02

JT As you know very well some of us aren't taking it so well and would be glad to see the back of Lucan and the other directors, exec, non-execs and puppeteers.

[jtidsbadly] 25/11/2021 21:53

Chickbait: well, as Ocelot has become fond of observing, it’s no good looking back, what? Water under the bridge. We should all be looking forward. Though I do think that, faced with the options Anguish had 21 months ago, all the people on this site currently, and even some on the other one, would have taken the $20mm and got Halliburton in on a fixed-price contract, what? But we’re not finance experts and we’re not MD here. I’m sure he must have had his reasons. He’ll do better next time, don’t you think? A very useful learning experience. Good of the shareholders to take it so well, what?

[chickbait] 25/11/2021 21:02

But George said he could have got the $20mm so it must be true?

[solo4yous] 25/11/2021 20:57

Also

"ress2003

Posts: 24

Price: 0.802

No Opinion

RE: StartedToday 20:35
To put this a different way, you use VSD drives, or soft starts etc, they all need power, this is what controls the speed of any motor, but also the grid pressure and CV’s too

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ress2003

Posts: 24

Price: 0.802

No Opinion

RE: StartedToday 20:33
When you refer to gas engines assume you mean HPC?, if so they will need electrician to run them, the kit that makes electricity are called CHP’s, which users gas to do that process, I’ve not read anywhere yet that CHP’s are being installed yet, but buy using CHP’s you get RHI incentives,,

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ress2003

Posts: 24

Price: 0.802

No Opinion

RE: StartedToday 20:27
I still don’t get your point??, it doesn’t matter,, you put the support legs in, might the pipes, add the flanges or welds, then pressure test them, what is your point?, a set of engineers would fly the pipe lines in place, connect them and then pressure test them,,
And nothing in gas is called plumed in!!, that refers to plumbing, I.e water!, this is gas we are talking about,
I still don’t get what your referring too? The engineers doing the pipe work do this day in day out, I think it’s a case and wait and see and wait for a up date from angs and the next RNS, am honestly bored of reading some of the stuff I read on this forum, snd people who are genuinely invested would not be basing there own investment!, makes no sense at all"

[jtidsbadly] 25/11/2021 20:54

Yes. But it was $20mm., not £20mm. About a million in change after paying Halliburton £15mm.to do a Rolls Royce job, wasn't it? It would have been finished by now. With no hedges, no royalty and probably a much lower interest rate. Assuming you believe the Interim MD’s verbal output.

[chickbait] 25/11/2021 20:52

I can picture it now. Jonny sitting on his elephant with George being pulled on the potato trailer both wearing flat caps selling King Edwards lol 😆

[1347] 25/11/2021 20:51

I'm still waiting for someone, anyone to give me a view as to why they need this part anyway and why they did not forsee a need for it until recently. The only idea I could come up with is to fit a Ferris wheel to it for tourists to the Poundland Gas Plant.

So, on the one hand they say it's just a simple side-track with a 90% CoS (careful - that's the CoS of finding the reservoir - not flowing over time, they hit the reserviors at Lidsey and Brockham, neither flowed as they said they would) but on the other hand they need some part they have to ship over from Texas Joe's Oil and Gas Emporium. Other O&G companies seem to be able to do onshore drills in the UK without the need for all this palava?

[solo4yous] 25/11/2021 20:48

"ress2003

Posts: 24

Price: 0.802

No Opinion

RE: StartedToday 19:12
Glad to see the flare on-site
I would assume that all new pipework and existing pipe work as been pressure tested, and signed of and certify,,
Looking at the pictures I can’t see any pipe work in place for the flare stack, but there will be a flange and valve in place to connect onto, so should take to long to install that section of pipe to flare stack,, once that’s done they can then let gas flow to the flare stack and do simulations of of gas to grid,
I see the moles have come back out from under there rocks again!!, hopefully very shortly it be to cold and they will stay under there rocks!!, it’s honestly said to see none investors spending time on this site bashing a share all day!!, very sad life’s they live"

[chickbait] 25/11/2021 20:47

I don't buy it. How much more would it have cost to get all of this equipment sooner. Surely the high winter gas prices would more than offset these additional costs. George should have taken the £20 million loan when he had the chance instead of searching ebay for 2nd hand parts that need to be refurbished adding to more delays. Steptoe and son and only fools and horses spring to mind.

[solo4yous] 25/11/2021 20:45

"ress2003

Posts: 24

Price: 0.802

No Opinion

RE: StartedToday 20:42
Am a site manager and commissioning engineer of a gas plant in Hull,
I’ve worked on a lot of projects, gas to grid, electricity grid, turbines electricity grid again gasification , ERF, AD plant, and the water Industry, biomass, THP,
Am not saying I know it all as I don’t and ever day is a school day in my Industry, and I’ve not worked on gas in a thr ground or drilled a well neither,,but I have knowledge of the process,, and will try and add input when I can"

[jtidsbadly] 25/11/2021 20:41

You’d have to sell a lot of rouser trousers to be able to afford that!

[chickbait] 25/11/2021 20:32

If I was the interim MD I would subbed the company seeing I haven't bought any shares and reclaimed it when they are supposedly going to be pumping lots of gas. What?

[jtidsbadly] 25/11/2021 20:24

Chickbait: as I recall it, it was for the top of the sidetrack rig. I don’t know what such a thing weighs. Perhaps the clerks at Law Debenture jibbed at the cost? They didn’t have a budget for it, did they?