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Share Name Share Symbol Market Type Share ISIN Share Description
Angus Energy Plc LSE:ANGS London Ordinary Share GB00BYWKC989 ORD GBP0.002
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.175 -14.58% 1.025 0.95 1.10 1.20 1.00 1.20 15,145,865 15:59:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.1 -2.5 -0.4 - 11

Angus Energy Share Discussion Threads

Showing 12426 to 12450 of 19325 messages
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DateSubjectAuthorDiscuss
19/10/2021
22:07
WASHINGTON - In its October Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that natural gas spot prices at the U.S. benchmark Henry Hub will average $5.67 per million British thermal units (MMBtu) between October and March, the highest winter price since 2007–2008. The increase in Henry Hub prices in recent months and in the forecast reflect below-average storage levels heading into the winter heating season and strong demand for U.S. liquefied natural gas (LNG), even after relatively slow growth in U.S. natural gas production. EIA expects Henry Hub prices will decrease after the first quarter of 2022, as production growth outpaces growth in LNG exports, and will average $4.01/MMBtu for the year. U.S. exports of LNG are establishing a record high this year, a new record high anticipated for next year. EIA epects LNG exports to average 9.7 billion cubic feet per day (Bcf/d) this year (3.2 Bcf/d more than the 2020 record high of 6.5 Bcf/d) and to exceed annual pipeline exports of natural gas for the first time. The year-on-year increase in LNG exports coincides with slight growth in U.S. natural gas production. U.S. dry natural gas production is expected to average 92.6 Bcf/d this year, which is 1.1 Bcf/d more than in 2020 but 0.3 Bcf/d less than in 2019. Because U.S. LNG exports have grown faster than domestic natural gas production, inventories are lower than average. As of the end of September, EIA estimates that total U.S. natural gas inventories are 5.5% below the five-year (2016–2020) average. EIA forecasts that U.S. inventories of natural gas will begin the winter heating season on November 1 at 3,572 Bcf, or 4.8% below the five-year average. Lower U.S. inventories could contribute to more natural gas price volatility, particularly if any area in the United States experiences a severe cold snap, which makes the price outlook for this winter very uncertain. In the second quarter of 2022, EIA forecasts decreasing Henry Hub natural gas prices as anticipated growth in domestic natural gas production begins to outpace growth in U.S. LNG exports. U.S. production is expected to average 96.4 Bcf/d in 2022, or 3.9 Bcf/d more than in 2021, and U.S. LNG exports to rise by a smaller amount, 1.4 Bcf/d, during this time period. This faster growth in forecast production will put downward pressure on natural gas prices.
3put
19/10/2021
21:22
1347... AIM CEO's always become more animated when the salary pot's running empty... or when there are free share options or bonuses to be had. Their activity otherwise is "admittedly" less hamster... more snail! I think in answer to your other questions... it's likely, although not certain, that George Lucan forgot what was written / said previously. We're only human after all... But don't - whatever you do - pull him up on it, as he clearly doesn't like to be proved wrong! (Shhhhhhhhhhhhhhhh... don't mention 16 weeks ANYBODY!) CQ :-)
clottedq
19/10/2021
21:05
ROYALTIES? Sorry. Only skim read. I must have missed the royalties RNS? Are there royalties available for any of us shareholders???
chickbait
19/10/2021
20:00
Another question for CHCQ: Why do they state on 11th August 2021 that ‘…should Angus and the partners decide to advance the side-track prior to First Gas’, when they previously stated on 13th May 2021, when the facility was signed off, that ‘ …have decided, with the support of Aleph and Mercuria, to drill the third production well at Saltfleetby before reconnecting the two existing gas wells.’ [Ref RNS 13th May 2021; RNS 11th August 2021]. I've got one or two other trivial questions which I'll hold back for now but I just want CHCQ to know what he's letting himself in for before cud* calls another EGM. *other names are available
1347
19/10/2021
19:52
Another question for CHCQ: How is it that after all this time, that they only now become aware of a lead time of 24 weeks for two highly bespoke elements when they’d previously advised on 9th July 2020 that ‘Long lead items have been ordered and construction remains in line with our project schedule’? [Ref RNS 9th July 2020; RNS 11th August 2021].
1347
19/10/2021
18:17
CQ: I'd not noticed 2), frenetic hyping from time to time maybe. JT: You may be right but I've not seen them refer to the override as royalties previously, at least in an RNS. Question. How is the recent statement that ‘The process facility detailed design has resumed and is at an advanced stage.‘ compatible with the statement on 22nd January 2020 that ‘Furthermore, the design of on-site processing facilities has been completed’? [Ref RNS 2nd August 2021. RNS 22nd January 2020]. CQ Does GHCQ know?
1347
19/10/2021
18:04
JT, He's gone to sleep again... but I'll ask him if he's still "up for it" when he wakes up. On reflection, it seems to me that a hamster would probably be a good fit for a CEO of an AIM listed company: 1) They seem to do very little for most of the time. 2) Are prone to short bursts of frenetic activity in return for bonus treats. 3) Appear to have ZERO comprehension of deadlines or delivery. p.s: My daughter informs me that George Horatio thinks guinea pigs are kind of cute... CQ ;-)
clottedq
19/10/2021
17:58
1347: they've referred to the Lenders’ revenue override as a royalty, so I imagine it’s the same thing.
jtidsbadly
19/10/2021
17:56
CQ: I think George Horatio 1 is definitely worth a try in the role. A guinea pig, if he’ll excuse the term.
jtidsbadly
19/10/2021
17:46
CQ He likes water, just like Anguish Energy do. Brockham Spring anyone?
1347
19/10/2021
17:42
JT, My children were growing concerned on their return from school. My daughter insisted on re-classifying - so that our hamster might have a drink - as she felt he was looking dehydrated. My son & daughter then allocated Poundland to his water trough... Geothermal to toys... and Oil assets / liabilities to his food bowl... WELL... As soon as this was agreed, George Horatio started lapping at the water trough like a thing possessed. The children have had to re-fill it three times already! All I can say: is that our new "potential" CEO is clearly very focused on PoundLand. The rest appear to be an unwanted distraction... I wonder why? CQ ;-)
clottedq
19/10/2021
17:11
Question: What is the royalty agreement that needs to be agreed with the OGA? What are the terms? Who are Angus Energy paying royalties to? Is this on top of the 8% override on revenue mentioned previously on 30th November 2020? [Ref RNS 13th May 2021].
1347
19/10/2021
16:13
...and thanks very much for the interesting update on George Horatio 1. Perhaps he’s avoiding the water in sympathy with the Balcombe residents. Once Anguish’s hash has been settled, you might think about calling your next hamster Nimby. Quite a pretty name. Short for Georgiana.
jtidsbadly
19/10/2021
16:05
CQ: these types have succeeded in their aim of making the other site unusable. A total waste of time writing or reading anything on there now. This site has retained its informed posters and it’s easy to filter the ignorant spoilers/shills. Still no news from Anguish. What’s (not) going on?
jtidsbadly
19/10/2021
15:45
Noted your frequent use of the term: "Window Lickers" "Window Lickers" appears to be an offensive term referring to disabled children on school buses - according to the internet. Not very PC (IN)Sincerio !?!?! Are you showing your age / lack of intellectual ability or both? CQ :-(
clottedq
19/10/2021
15:28
hits " 3Put is also UJ9 is also WhoCares is also EchDelta is also CantRememberThis is also Cuddo." No sh*t Sherlock..... :) i agree with consistency of presence ... our resident disingenuous window lickers are always present and very consistent.....
sincero1
19/10/2021
15:05
Again Sincero, the big difference is consistency of presence. The "new arrivals" over here are a lot more obvious of course. 3Put is also UJ9 is also WhoCares is also EchDelta is also CantRememberThis is also Cuddo.
headinthesand
19/10/2021
14:55
Your name vill still also go on der list HITS. Talking of lists @JA - Can you add the FoS moron 3Put to the list that you are compiling?
1347
19/10/2021
14:32
hits " I'm also sure that, if you, I and anyone else were to make separate lists of blatantly obvious members of the disingenuous ramptastic squad, those lists would match nigh on exactly." Ditto the disingenuous derampers list . are we the only 2 who stick to the truth ?
sincero1
19/10/2021
14:26
There is no hedge on production until July 2022. What is the value of all production from March 2022 to July 2022 at the prices on the present NBP Heren forward curve for these months with and without the side track? Asked on 21 September 2021 The short answer is the field ,on the original CPR plateau volumes but at the latest forward curve prices, might generate £17 mllion over those four months with the side track and about £8.5m without it. Angus share is 51%. Ordinary opex might be about £0.6m excluding debt service. The forward prices from https://www.cmegroup.com/markets/energy/natural-gas/uk-nbp-natural-gas-usd-mmbtu-icis-heren-front-month.quotes.html are given below in $/MMBTU (approx pence/therm equivalent in brackets). Prices from ICE for contracts for Q2 in pence/therm in particular seem to be a penny or two better which is probably the £/$ exchange rate (see https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188706) Heren March $28.583 (213p); April $16.679 (119p); May $14.260 (102p); June $13.774 (98p), given a conservative conversion rate of volume (mmscf) to heat value (therms) – i.e. multiply mmscf by 10500 to get therms – the field would generate in total over those four months gross revenues for all partners of £17.1 million at 10mmscf/d (i.e. CPR plateau production with side track) or £8.6 million at 5 mmscf/d (i.e. CPR lower plateau production with no sidetrack). Operating expenses for full year 2022 according to CPR might be of the order of £2.3m and therefore for this period would be c. £0.6m. All of this information is already publicly available, and we stress these are presently notional numbers arrived at approxmately and that these prices are not hedged in any way and therefore might not be available come production in March etc. However whilst the final outcome may vary considerably, we and our partners do anticipate strong demand for gas in the coming years regardless of short term price effects.
3put
19/10/2021
14:26
Some board posters are saying that a side track done in November would delay First Gas by up to 3 months. This sounds like nonsense. Can you comment? Asked on 21 September 2021 No it would emphatically not delay First Gas by three months. In fact there is no reason for it to delay First Gas by any material length of time and it is certainly not in the plan that it does. We are planning to execute the limited foundation work required beforehand and move heavy equipment in both before and after the drilling programme and will be following this week’s HAZOP with further SIMOP (Simultaneous Operations) planning which will allow for sensibly risked continuous working on the site during the programme. Again this poster may have misunderstood the nature of the equipment coming onto site, almost all of which is skid-mounted and pre-fabricated for immediate tie-in to the pipework and control lines. Thus some of the equipment won’t come on until February but none of the units will require on-site fabrication beyond connection work.
3put
19/10/2021
14:25
There has been much recent comment on the investment forums about how long the sidetrack would take to drill at Saltfleetby. Certain posters have claimed that they have internal company documents that say this will take 16 weeks. Please can you let me know if this is correct or if you expect it to take a different amount of time? Also being speculated about is the volume of gas that has been hedged. It has been claimed that you have hedged 70% of 10mmscf/d and therefore the sidetrack has to be completed and everything has to run well for the project to be viable. Please could you confirm if this is correct or if the hedge is for different figures? Asked on 23 September 2021 We would be surprised and disappointed if the drilling part of the programme exceeded 28 days and the entire programme involved more than 7-10 days either side. On behalf of the Board, we have never heard or seen of any internal document which suggested we were planning for a 16 week side-track at Saltfleetby and we would challenge the poster to produce it. For that matter I haven’t heard of a drilling programme anywhere to these depths which could conceivably take 16 weeks – except perhaps on Mars, which is possibly where your poster hails from. Supplementally, one poster has pointed out that the Planning Application allowed for 16 weeks time. This is not some “internal document” which the poster only had access to, but part of an application that is publicly available. Every company puts in their application for more time than is absolutely necessary in every sphere of life. This is hardly news. We reiterate drilling to these depths does not take 16 weeks as every reasoning investor in this industry knows. The other assertion is equally bizarre and must be challenged. We have already clearly stated that the hedge was for “approximately 70% of the Company’s future gas sales …. under a conservative projection” and this was prudently set by the lenders, based, as we understand it, on their own estmates of achievable flow from the existing wells and excluding the contribution from the side track. Otherwise it would obviously not be a conservative projection.
3put
19/10/2021
14:25
I have just checked your planning statement on slide 13, It states the sidetrack duration will take up to 16 weeks as mentioned from another poster. Please could you clear this query up once and for all. Asked on 1 October 2021 As now already noted, all applicants for permits and permissions in any walk of life give themselves much more time to complete a task than is necessary. This is because of the length of time and the cost incurred in obtaining the permission in the first place. They will then advise to market, at commencement of operations, a shorter period and expect to come in on the short end of that. Reabold for instance advised six to ten weeks for drilling the West Newton WNB1 and completed in 6 weeks before moving onto the sidetrack. This was drilled to 2250 m. We are side-tracking from about 1150m to a Measured Depth (including horizontal sections) of about 3000m or 1850 metres of drilling. Nor are we doing a well test which might extend the programme, because we are moving straight from drilling into production here, so there is no need for a well test. The hardest rock in Europe gives a rate of penetration of about 3m/hour (see page 6 of hxxps://pangea.stanford.edu/ERE/pdf/IGAstandard/SGW/2017/Baujard.pdf). That would imply 600 hours here or 25 days/3-4 weeks of continuous drilling. Even assuming the drilling was no more than half of the time advised, then to drill through this much granite would be only be 7 or 8 weeks. Granite of course wears drill bits faster and there is much changing of drilling equipment when addressing such hard rock. We are not drilling through granite in Cornwall or Scotland but through sandstones, clays, coals and limestones in Lincolnshire. We anticipate 20 odd days of 24/7 drilling – so a rate of penetration of over 12m/hour (verify by page 29 of Halco’s helpful graphs on rates of penetration hxxps://www.halco.uk/wp-content/uploads/2020/06/A-Z-Drilling.pdf). Of course drilling is not the only workstream here, and even if we were to more than double the time, to suggest five to six weeks of work, we would actually expect the rig to be down inside that envelope. Things can go wrong and extend the timetable – we have always been frank about that – but this is a reasonable verifiable estimate. What disturbs me about assertions by this poster (and concert parties) – and they are hardly the first instances of obvious falsheoods deliberately spread – is that he holds himself out to be a knowledgeable investor and could have fact checked any of this with online sources in a matter of minutes. Worse still by claiming to have discovered an “internal̶1; company document he implies some great conspiracy by the Company and its Board, rather than sharing his source from the outset and pointing to the very obvious conclusion here: that people give themselves ample leeway in any official permission!
3put
19/10/2021
14:25
JT has asked me to put up the investor Q&A again
3put
19/10/2021
14:24
Your name vill also go on der list HITS.
1347
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