Angus Energy Share Discussion Threads

[jtidsbadly] 30/11/2021 23:08

Chickbait: delays normally cost money and their contingency reserve is not very big, and has been partly used up already. In addition, corporate expenses are not covered by the Debenture proceeds. So I think they’re short of money, or soon will be, and they’ll want to raise as much as they can get away with. I don’t know how much that will be, what the appetite will be for it or what discount will be involved. I think they may use Lidsey as cover because it came first in today’s RNS, so they’re keen to promote it. They may think it embarrassing to find themselves short of money yet again for the completion of Poundland. It would also improve the perceived value of Lidsey. The Debenture holders get all the assets in a default, not just Poundland, so might benefit from this. At the very least, it means they don’t have to reserve for abandoning it, as they said they would on 25 October 2019.

As to whether the share sales over the past few days are placees shorting their placing shares before they're issued, I’ve no idea whether this happens. I think it’s just as likely that the Debenture holders and Knowe are getting out of the shares they were issued with in the summer. I would if I were them. If the Debenture holders think they can take Poundland over on a default, where’s the point in continuing to hold their shares? If they’re planning to do another deal with Anguish, it can only involve further share issues. In either event, the share price is unlikely to rise much from here, is it?

What have the Anguish management been doing for five months?

[jtidsbadly] 30/11/2021 23:07

Chickbait: delays normally cost money and their contingency reserve is not very big, and has been partly used up already. In addition, corporate expenses are not covered by the Debenture proceeds. So I think they’re short of money, or soon will be, and they’ll want to raise as much as they can get away with. I don’t know how much that will be, what the appetite will be for it or what discount will be involved. I think they may use Lidsey as cover because it came first in today’s RNS, so they’re keen to promote it. They may think it embarrassing to find themselves short of money yet again for the completion of Poundland. It would also improve the perceived value of Lidsey. The Debenture holders get all the assets in a default, not just Poundland, so might benefit from this. At the very least, it means they don’t have to reserve for abandoning it, as they said they would on 25 October 2019.

As to whether the share sales over the past few days are placees shorting their placing shares before they're issued, I’ve no idea whether this happens. I think it’s just as likely that the Debenture holders and Knowe are getting out of the shares they were issued with in the summer. I would if I were them. If the Debenture holders think they can take Poundland over on a default, where’s the point in continuing to hold their shares? If they’re planning to do another deal with Anguish, it can only involve further share issues. In either event, the share price is unlikely to rise much from here, is it?

What have the Anguish management been doing for five months?

[3put] 30/11/2021 22:53

can see that you are indeed working in this industry. Let’s get an idea of what we have here and see if we can guess how much time we need to put it
together. No I do not agree at all with your comments,,

I do not see a requirement for SCADA system here, is only one small site and operations will be manned. No remote sites. Also, DCS is not warranted, to keep costs down use a PLC for overall control.

Not a chance, how do you think the instrumentation works with out a scada or DCs, this as to be in place one 100 per cent!, and it’s not about cost it’s about optimisation!, and getting everything working a 100 per cent,,

I can see the following systems / subsystems:

1. Overall control & safety system (no DCS, PLC to keep costs down). Use a certified PLC IEC61508 SIL 2/3 certified so that it can also perform the emergency shutdown functions requirements.

All site sites need a Emergency shutdown or what we call a control shutdown,, ALL sites have a PlC regardless!!, and a EBG

2. Fire&Gas detection system, PLC controlled.

This is needed when going into a performance test and reliability test, normally 28 days but we aren’t handing over to a client but ourselfs, but will be needed for insurance reasons and a fire suppression in the control panels and heat and smokes etc

3. Fire protection system(s) - study will define (unknown at present).

Fire risk assessment would of already been done, and when going live then the above would already be in place

4. 1st stage compressor package & controls

Yiu can have first stage and second stage controls are comms and PlC and scada nothing special

5. Dehydration package PLC controlled, own PLC for fast testing installation & commissioning.

Not sure if this is needed as we have condensate pots and Capture control and drain valves, FDS to confirm

6. Joule-Thompson and Dew Point package own PLC controlled for fast testing, installation and commissioning

Part of the GEU, relates to the atmosphere,,

7. 2nd stage compressor package (HPC) & controls.

Not seen anything to suggest a second HPC if so it be a back up and duty assists etc, or it’s only rated to a certain flow so if the side track happens we might need two HPC’s

8. Analyser & Metering Package with own metering PLC.

Told you this is what we call the GEU, grid entry

To carry on

[3put] 30/11/2021 22:52

Would you care to explain how they can do away with the HPC and use the flare stack in a simulation? Also, what would the flare stack be rated at to allow for this? What pressure?

To say there inconsistency with what am saying then first of all please research before saying that,,

Simulation very simple is as what it means, so basically the gas can be routed to the flare stack and burnt off and this allows for checking gas flow meters, instrumentation, any valves or pneumatic valves, checking this on the DCS and seeing the logic and PLC are correct

[solo4yous] 30/11/2021 22:31

CHICKY?

ITs here?

[chickbait] 30/11/2021 22:29

JT. I don't believe we are being far fetched in thinking a placing must be needed before 1st gas. Especially as the deadlines keep slipping. If a placing is needed. You say they may use Lidsey as the reason for this placing. For what reason and how much do you think?

Also. At what discount would you think a placing would be done??

Also, I'm not sure how forward sold placings work but there have been a steady sell off lately of round numbers???

[solo4yous] 30/11/2021 22:23

JTI LoCAL HACTIVIST@?

OK Great RNS from Angus Energy

Remember:

[jtidsbadly] 30/11/2021 22:16

1347: I think the next placing will be “for Lidsey”. They’ll then feel free to use it for working capital purposes while they “negotiateR21; with the licence holders of the neighbouring prospect. Salaries have to be paid, what? Using the pretext of Lidsey gets them round the embarrassment of another under-estimate of the cost of Poundland. They’ve got the wording of that paragraph to cover themselves against any shareholder’s protest later. Who’s going to subscribe for new shares, though? Possibly the new popular though barely literate expert on the other site - he seems keen and flourishes initialisms like they’re going out of fashion.

Do you think Anguish and Gneiss have agreed not to proceed against each other? Neither would be likely to emerge from litigation with their reputation enhanced, what!

[solo4yous] 30/11/2021 22:06

OK Great RNS from Angus Energy

[chickbait] 30/11/2021 21:50

Forward looking statement. We are running g low on cash and can't afford to keep updating the market via RNS lol

[solo4yous] 30/11/2021 21:43

1347 give it a rest?
Remember:

[1347] 30/11/2021 21:41

JT I note also that they did not take the opportunity to update market about Brockham, Balcombe or the legal case or GeoThermal.

[solo4yous] 30/11/2021 21:34

Chill
OK Great RNS from Angus Energy

Remember:

[jtidsbadly] 30/11/2021 21:30

1347: I checked the 3 June, 2 August and 11 August RNS’s and couldn’t see this paragraph. It’s in the CPR RNS on 26 October. Yes, I think it’s fair to say they’re getting worried.

[johncasey] 30/11/2021 21:20

they are all moronic just like omicron

[3put] 30/11/2021 21:00

Some good technical questions on lse, makes a change from the brainless de-ramping here

[3put] 30/11/2021 20:59

Would you care to explain how they can do away with the HPC and use the flare stack in a simulation? Also, what would the flare stack be rated at to allow for this? What pressure?


Simulation very simple is as what it means, so basically the gas can be routed to the flare stack and burnt off and this allows for checking gas flow meters, instrumentation, any valves or pneumatic valves, checking this on the DCS and seeing the logic and PLC are correct

[solo4yous] 30/11/2021 20:59

OK Great RNS from Angus Energy

Remember:

[1347] 30/11/2021 20:55

JA/JT I haven't gone back and checked them all but it seems to be the last two where these new disclaimers appear. Running scared?

[3put] 30/11/2021 20:43

The flare stack is separate, it will have a vacuum blower or booster, you then have your ignition,, it could be rated to minibar or bar I don’t know not seen the fds, but when we need to flare hence the gas will be what we called rejected to the flare if we can’t go G2G or store the gas, the flare I would think will be the first piece of kit commenced so they can route the gas and check the instrumentation, valves, PRV’s, pressure regulated valves,, TT’s flow meters, and for safety reasons too

[3put] 30/11/2021 20:37

1) Elster-Honeywell Metering and Analysis skid in early December 2020

This is what I call the GEU and basically the DCS snd where the gas is monitored to prior to the ROV, and shows your CV’s, Wobbie, Grid pressure and other

2) Condensate and water storage tanks in early January 2021

Methane gas is a very wet gas so the condensate pots or storage tanks collect the condensation of the gas and are drained off, you will have these all over the site snd say on the flare or drain points

3) Site power gas fired Caterpillar generator from mid January 2021

This is sounding like what I call a CHP so would assume they are generating there own electricity for the site

4) First Service Compressor and Caterpillar engine in late January/early February 2021

This is the HPC, this allows you to put the required gas and required pressure to grid,

5) Electrical/control housing units 2nd to 3rd week February 2021

This will be for the electrics and Comms and so signals, we call some of this 4 to 20 mill-amp, 230v, 415 v for the site, instrumentation, logic, I think this will also come pre configured and a case of connecting onto,

6) Gas process plant elements commencing mid February 2021