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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
  0.00 0.0% 1.00 0.95 1.05 1.00 1.00 1.00 4,684,873 08:00:00
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 12776 to 12799 of 18675 messages
Chat Pages: Latest  519  518  517  516  515  514  513  512  511  510  509  508  Older
DateSubjectAuthorDiscuss
27/10/2021
09:52
jtisadly - you claimed i was filtered but again you reply ... you really do have an allergy to telling the truth .... do i really need to post your roll call of shame recent comments ? clearly i do ... 5.7.21 "placing this week or next" 8.7.21"another placing or two in the next few months" 9.7.21 "" placing is in the queue and will come once the latest UKOG issue has been digested" 14.7.21 ""I'm expecting two placings this year" 21.5.21 "poor angus 0.20 soon" 24+ weeks ago. " share price into the sixties shortly " 24+ weeks ago. "oga approval doubt" . " financing doubt" . " running out of money " weekly prediction for last 9 months. " 0.15 by end of year". " placing soon " daily prediction for last 10 months. "its a pump & dump" - it wasn't. "gas to Shell at current prices from New Year until July in decent volumes. I' put the chances of that at about 1%" "you should be pleased - that 0.70p re-entry level of yours is just round the corner. and my favourite " They did run out of money towards the end of March, as we predicted" - And from the interim : As at 31 March 2021 the Group had cash of £591,000. As at 31 March 2021 the Group had net current assets of £1,351,000"
sincero1
27/10/2021
09:50
ja51contractvoidoiler - clearly you have realised you have messed up again and are now soiling yourself and trying to reassure yourself .....you really are a cpr jones dads army type "don't panic , don't panic" ... ignorance is no defence ... the truth is .. is that a knock at your door...
sincero1
27/10/2021
09:38
Well as has been mentioned before anyone that just wants to make stuff up can demonstrate whatever they want to. It's their problem if those in Kansas can't understand what's been published in accounts and reports and the history of this company. What I see is that any value that there may have been in Poundland, especially with the higher gas prices, is being salami sliced away from shareholders, Knowe excepted as they'be been compensated by the circa £112k equivalent in shares they'll get. What's the real plan here though as I don't see it's to return any value to the majority of the ordinary shareholders, maybe salami was on the menu all along? I still think there's more shares to be issued for something to go alongside those to be issued to Knowe, the delay admitting them has to be for a reason in my view.
1347
27/10/2021
09:36
Rerate is in front of your eyes brownie
markbarker
27/10/2021
09:20
I see the "MORON" has been posting brown trouser comments again! I suggest you read page 46 of the CPR. The Author of the report has put it down in black and white (and the important bit in RED) for you!! Get to the back of the class boy! HTTPS://www.angusenergy.co.uk/wp-content/uploads/2021/10/Angus-Energy-Saltfleetby-Reserves-Valuation-Report.pdf
ja51oiler
27/10/2021
09:14
If you want some supposition, Sincero, I recommend the nonsense posted elsewhere this morning by one PeterAshbeck! Is he by any chance in Chiswick somewhere? It’s all wrong and HITS, I’m amazed you haven’t taken it apart. Well, I suppose if they get an immediate 5mm from the two existing wells and a successful sidetrack for another 5mm by their February target, there may be a chance. Good luck with that. Then up pops BalancedViewer with the view that good old George’s forecasts are usually conservative. If they hadn’t made this stuff up, you’d think they couldn’t.
jtidsbadly
27/10/2021
08:25
supposition everywhere...and all negative .......as usual ....yawn..
sincero1
26/10/2021
19:44
1347: I think gas had better be flowing and the sidetrack completed by then or the knives may be out.
jtidsbadly
26/10/2021
19:16
PS Yes the ides of March, didn't Isaiah (sorry, can't remember his surname) write a play about some chap called Julian or something that came to a sticky end on that date? Or was it that chap from Warwickshire, Bill someone or other? You know the one that wrote that play about turning swords into plowshares or something? I'm not sure what exchange plowshares were traded on though, before my time. Maybe they should push first gas back to the first of the next month to give them a full month of production figures?
1347
26/10/2021
19:16
1347: I think all these newly revealed details should have been divulged to the market last June. It makes you wonder what else we may not have been told. Poor old Paddy, he must have missed that Board meeting, what? Rolling the dice is better than the alternatives, they may think. It will also confer the benefit of giving Jamesll and Cudswallop the opportunity for which they have been gagging to top up again at bargain prices.
jtidsbadly
26/10/2021
18:52
JT So it seems I was right, this is seperate to the override royalties and hence is material and hence will reduce FCF available to Anguish. I only skimmed the CPR earlier but I'll take a closer look later in the week. I can't see how Brockham and/or Lidsey help them, Kim is now proven to be non viable other than short term flows, Horse Hill was an abberation for a while but now has the same problem with declines and increasing water cut and they are losing money on every barrel if you factor in depletion, depreciation and amorisation, it's all in the last UKOG interims. Without water injection there's only a few BOPD to be had from the Portland or Oolite (the shut ins might improve that short term due to PBU but that won't last). Even if they are allowed to inject at Brockham I'm pretty sure they'll have to upgrade the site to meet the latest ground water regulations. The Capex required will have a negative effect on cash flow won't it. When are they going to tell us about Balcombe?
1347
26/10/2021
18:47
...and did you notice the bit about the expiry date of the £12mm. loan? 31 December 2024. That’s six months before I’d assumed it had to be repaid. 42 months, not 48. An extra £35,000/month. Payment of £285,000/month. Plus £1.45mm of interest in the first year, though probably less, since they’ve only apparently taken only a short £6mm so far. £1mm is probably closer to the mark. £4.4mm p.a. altogether to service/pay amortisation on the loan in the first year. I’d assumed that Lidsey’s and Brockham’s rehabilitation was a mirage, invented merely to avoid abandonment reserving. Now I think they may be a roll of the dice. Anguish will need more cash flow quite quickly. I wouldn’t be surprised now to see a cash call at some stage soon to pay for a drill at one - or both. They’re in a tight spot, aren’t they? Worse than those Rouser Trousers.
jtidsbadly
26/10/2021
18:43
ja51"contractvoid"oiler " They are going to run out of money, aren't they!" You are brave posting that on a public website...using an exclamation mark instead of a question mark .... brown trousers and sleepless nights time again for you...
sincero1
26/10/2021
18:30
1347: it’s going to have to be quick, what? It’s now scheduled to start in early-mid January, assuming they’ve got that bit that goes on the top of the rig from the US by then. They’re scheduling first gas at or about The Ides of March (it’s a good job that the assiduous scholar and linguist at the Anguish helm was such a slacker in those Shakespeare classes..). And they’re expecting to complete the sidetrack before first gas, as we now know. That’s about eight or nine weeks then. Definitely no well test.
jtidsbadly
26/10/2021
18:18
1347: I’ve had a look again at the £200,000/month to the Licensees if profits are more than £600,000/month. It seems to me that the Lenders want the loan paying off as a priority in the event that cash flow enables it. So they’re budgeting the lion’s share of profits over £600,000/month to accelerated loan repayments and just £200,000/month to the Licensees (Anguish and SEL). No wonder Lidsey, and now Brockham, are back in the frame. Anguish are going to be desperate for cash in almost any scenario, aren't they? And the loan terms, specifically the hedges, have removed any prospect of Anguish being bailed out by higher gas prices. It’s all looking a bit desperate, isn’t it?
jtidsbadly
26/10/2021
17:51
JT You'd think skipping the testing and going straight to production would have saved them a bit wouldn't you?
1347
26/10/2021
17:46
1347: I think “success”; with this lot = not losing the drill bit too many times, drilling it in the right direction and at the right level - rather than finding a lot of gas. I wouldn’t want to be anywhere near it while they’re simultaneously building the plant and drilling the sidetrack. Odd, though, I agree, considering it’s only going to take three weeks, not the 16 they initially planned.
jtidsbadly
26/10/2021
17:38
JT That's obvious in my view, they'll save their own necks, that's why the execs hold very few shares between them, one of them hold none at all and one of them had to get his wife to buy a few. Not sure why if it's a fairly straightforward side track (90% success they said?) it costs so much to drill, normally sidetracks are relatively cheap compared to a new drill in a new field.
1347
26/10/2021
17:06
Chicknait: I think the updated estimate for the sidetrack is £2.8mm and they’ve added a contingency of 20%. If they end up needing to spend the 20%, that takes it to £3.36mm vs. their earlier estimate of £2.4mm. That’s a big rise, £0.96mm. is a lot of money in the context of a strapped company. The CP points out that these figures may prove an under- or over-estimate. 1347: I’m afraid I was so surprised by the time I got to that, that I didn’t pay it much attention. I’ll have a closer look. Though I would be surprised now if it gets anywhere near that far. It seems to me that, if they really have committed to keeping a £3.35mm. cash reserve from the proceeds of the loan, they’re miles from having enough money to finish the project. In the event that they were to hit the buffers in the new year, would they fight to protect the shareholders’ interests or would they accept personal terms to continue in some capacity for a term with new owners? Answers on saucy postcards, please..
jtidsbadly
26/10/2021
16:52
PS (take 2): What's this Minimum distribution to licensees if profit > £600k pcm? Is that on top of the royalty payments and something else they conveniently ommitted to mention?
1347
26/10/2021
16:49
JT I agree - in my opinion those covenants now in the revised CPR (which I seem to recall they previously indicated they weren't going to update didn't they?) should have been disclosed to market as I regard them as material. It's not the first time they've been selective in what they've conveyed to market though is it. I doubt they care though, the FCA are about as much use as the modern day Laurel and Hardy currently residing in Downing Street, no I expect they are more concerned about whether they'll have sufficient funds to settle the bills for Justerini & Brooks.
1347
26/10/2021
16:46
£2.84 million plus 16% = £3.06 if not included in the CPR.
chickbait
26/10/2021
16:43
Do you think the 16% anticipated overrun cost for the side-track is included in the CPR figures or will this need to be added?
chickbait
26/10/2021
16:28
JT, I expect quite a few made the most and got out as near to 1p as was possible... but I bet it wasn't easy - as demand for the exit would have been very high! Too many "if's" "but's" and "maybe's" here as usual and in my honest opinion, ordinary shareholders will be the losers here - when the full story unfolds. CQ ;-)
clottedq
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