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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 12826 to 12849 of 19300 messages
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DateSubjectAuthorDiscuss
29/10/2021
13:46
That CPR is looking a bit out of date already! Gas prices are tumbling again today. 1.02 summer 22 1.07 winter 22 Didn't the CPR give a figure of 1.50.35 for 2022? HTTPS://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188710
ja51oiler
29/10/2021
13:05
JT I don't have enough detail to know where the top of the rig is coming from, maybe it's a special design, one that they can fit a ferris wheeel to and make a bit extra that way? Yes the loan is surprising, 4 year loan but not from when finally agreed. I haven't gone through the new CPR in detail but I find the cash flow forecasts quite confusing. They show £9.6 m drawdown in 2021, then £9m repaid in 2022 (not £9.6), nothing in 2023 then £100k in 2024. Very odd. Don't be fooled by the Vast share price there was a 100 to 1 consolidation earlier in the year, last placing was at 25% of the consolidated price. Vast is one of my 3 'dog' shares that I mistakenly bought early on in my AIM career, the others being Anguish(obviously) and UKOG (also obviously). All 3 should be investigated by the FCA in my opinion. HITS Not sure why you bother engaging with those who clearly have little to no idea about investing or reading accounts and probably not much else either. It's up to you of course but I do idly wonder if it's related in any way to your inability to distinguish musical genres and your Fords from your Floyds?
1347
29/10/2021
12:44
i'm off for another well earned weekend.... i expect another evening and weekend of negative supposition posted by the resident dads army of grey old disingenuous window lickers.... ja51contractvoidoiler and uclot will reappear no doubt ...as they think it will be safe to do so without facing the inevitable ridicule ....i will have a look on monday morning... don't disappoint me ...
sincero1
29/10/2021
12:40
13reallyneedsahobbycptmainwaring from the vast page "Hate to say it but I now think it's very likely that existing shareholders may well lose the lot here, that includes me by the way." So to be clear that is vast and angs where you are underwater ...as you have previously stated you have the right to post where invested ...i imagine the same therefore at gemd, bmn, avct etc .... that would explain all the negative supposition on every post on every board ... for a pompous self proclaimed know it all you are not very good at this share dealing stuff eh ?
sincero1
29/10/2021
11:59
HITS: he’s hopeless and claims anyway to have a large stake in this. They’ll have to drill that sidetrack at some stage. Even if they don’t need to do a well test and it all goes according to schedule, that’s two months when it’s unlikely they'll be able to continue pumping gas. They may need the goodwill of the Lenders. Re gas flow, it was lower in the final months of Wingas’s operating it because of valve problems at Theddlethorpe, wasn't it? And don’t newly re-opened wells often experience higher gas flows, resulting from a temporary pressure build-up? So it’s possible that the two existing wells may meet the target production for the first few months. I think they may just go for it with the two wells and sideline the sidetrack for a while.
jtidsbadly
29/10/2021
11:48
1347: I’ve had a very brief look at VAST. It’s the stuff of AIM dreams, isn’t it? 0.08p in April this year, 9.75p in May. That’s what the LSE chart says, anyway. Wouldn’t have minded having a few of those. Coo. They were, oddly, let down at the last hurdle by a major international bank at the end of last year, too! What’s going on at these banks? A very similar spiel from this chap on the topic to that of the Anguish Interim MD on his experience earlier in the year.
jtidsbadly
29/10/2021
11:38
Cuddo's latest incarnation next door is just plain wrong with his claim that modelling methods to increase potential gas production is a surefire way to get said production increased. Yes of course models can be modelled and virtual experiments carried out... but the only way to find out if a sidetrack will be successful is to actually drill the thing and then see what results. Hopefully ANGS won't need a successful sidetrack in order to meet the lower Jul-Sep 22 hedged volumes. Those are around 3.5 mmscfd for those three months - and that's in the region of Poundland's most recent outputs when last in full production (12 month avg back then was 4.16 mmscfd). However I remain convinced that ANGS is absolutely going to need a successful sidetrack if it is to manage to deliver against the 5+ mmscfd hedged quantity commitments from Oct 22 for 10 months.
headinthesand
29/10/2021
11:14
1347: yes, I agree on every count. I’ve assumed they’ve got a particular rig ordered, which is the rig that needs the expensive, late top part from the US. Have I got that wrong? If the part, then the rig, don’t arrive, with EA/HSE permissions granted, before new year, then they’ll have some very difficult decisions to make, won’t they? Incidentally, I was surprised that the loan is fully repayable by the end of 2024. It must be a 4-year loan dating from the start of negotiations with the new boys, not from the signing of it in May/June. And a start to production in May next year won’t give them time to earn enough to pay the interest and first year repayment on the loan, will it?
jtidsbadly
29/10/2021
11:06
PS JT If you want to look what a slow motion car crash look like then you may find the Vast board interesting as looks like it's on the final reel, could be like a fast forward here. Lots of similarities with Anguish, i.e. projects that are late and under deliver, forecasts made by MDs that are way out, onerous secured debts taken on, court cases with suppliers, even Mercuria are also involved. I give that company 3 months unless a very large rabbit can be pulled out of a very large hat. As usual the FCA are conspicious by their absence.
1347
29/10/2021
10:50
JT Rigs aren't that easy to come by at short notice and if it's coming from the Netherlands then there are the logistics issues. 17th December would not give them enough time in my view to mobilise, drill, complete and (not) test before first gas, unless of course that gets pushed back. I've pencilled in May anyway, ahead of that is a bonus. As I've said before, it depends on the end game here. The Lenders may well be quite content to take the 12% over Libor plus equity kickbacks plus royalties down the line plus making a big margin on the hedges, not sure they'd want the hassle of a clapped out gas field, so yes they may well go for it. However if the end game is to drain what they can from AIM then flip the asset and/or go private then it's a different scenario all together isn't it. Time will tell, but either way, any shareholder value is being slowly but surely salami sliced away isn't it.
1347
29/10/2021
10:34
1347: they’re expecting EA approval by 17 December, at the latest. I hope the well test issue won’t delay it.. I agree, the timetable is tight, depending on when the EA/HSE permissions are granted. If they get EA permission on 17 December, work is unlikely to start before the second week of the new year, if last year is any guide (and will they have reserved a rig for the sidetrack for months?). They’ll have to decide then which to do first. There’s nothing on Twitter about anything and they've still got 100 metres of pipeline to put in. Do you remember him saying in an interview in May last year how upset he’d be if they had to do the work on the pipeline in the Lincolnshire autumn/winter? None of those groundworks etc. planned for July-October have begun, as far as we know and presumably deliveries of the kit expected in October have been deferred until they can be put in? Re a deferral of the first instalment of the loan, I’d say that depends on the Lenders’ intentions re ownership of Poundland. Retaining the costs of the Anguish management, office space, other “assets”, Christmas parties etc. would reduce the overall returns the Lenders could make on the project if they owned it outright. I don’t see what a loan extension would add from their point of view, other than costs and inexperienced management. There’s still another five hours.. but yes, your 4p looks unlikely today. Weren’t they supposed to be doing something or other this week? Answers to investors’ questions would be nice, too, even if the latter are continuing to miss the key points.
jtidsbadly
29/10/2021
09:48
JT I would not be surprised in the least if there is a negotiated deferment of the first repayment of the loan, similar to Knowe, with compensatory shares/warrants. I suspect that's why they haven't admitted the Knowe shares yet. Watch for an RNS, Friday is a favoured day for these sorts of things. It seems pretty clear to me now that the window of opportunity for drilling the side track by February has now pretty much closed. HSE et al may allow some SIMOPS but I'm not sure it would stretch to actually drilling next to a gas plant that's in production. Not sure what they can and can't do without that updated EA permit either, which, despite the delusions by those in Kansas that the EA would fast track the permit in days, is still outstanding. Government agencies tend to grind along at their own speed, which is either slow or very slow. Brockham (and Horse Hill) decisions are still oustanding well past the normal time allowed of 16 weeks. Looks like I've missed the 4p by Friday yet again.
1347
29/10/2021
08:46
And now Cudswallop is saying that to have negotiated uncovered hedges would have been “brazen [sic] or suicidal” and reasons further that this means Anguish knows more than they’re letting on about gas volumes! No, Cudswallop, the hedges were forced on them by the Lenders. “MandatoryR21;. The Interim MD is now using this term whenever he mentions the hedges. Is he preparing an “it wasn’t my fault, they made me do it” argument for use in due course?
jtidsbadly
29/10/2021
08:45
only troll here is you jtisadly - non shareholder who only posts negative supposition. claims to be here to save "mug punters " ( his awful term ) from losing their money but strangely only posts on angs not on the 100's of other shares he could post on if that claim was genuine. a completely disingenuous, mendacious, duplicitous , insincere imbecile. mentally damaging the easily manipulated , lower than average intelligence people like uclot and clickbait.
sincero1
29/10/2021
08:36
Goodness, the trolls are not keen on this line of reasoning, what?
jtidsbadly
29/10/2021
08:33
Recent Investor questions answered by Angs
3put
29/10/2021
08:33
What are the views of managment on the value of the company given its current prospects? Asked on 21 September 2021 We have argued recently for a sum of the parts valuation of nearer 3.5 pence. That may seem ambitous but at current spot and forward gas prices the cash generating potential of Saltfleetby has been grossly underestimated merely by virtue of the lapse of time snce the last CPR was done on Saltfleetby in early 2020 when the gas price was near an historic low. We are still confident of restoring value to the oil assets after the drilling results at Lidsey in 2017 and Brockham in 2018/19 and the difficulties with planning permissions at Balcombe. This process continues unabated, albeit in a slow or sometimes difficult regulatory and planning environment. Finally we believe that our venture into geothermal will come to form the greater part of the Sum of the Parts of Angus in the future and will meet with a more enthusiastic response from all stakeholders – regulatory, planning, financing and others.
3put
29/10/2021
08:33
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
29/10/2021
08:32
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
29/10/2021
08:30
OSLO (Bloomberg) --Equinor ASA is boosting natural gas exports to ease Europe’s supply crunch, sacrificing some oil production in the process. The Norwegian giant has halted the re-injection of gas that had been used to boost oil output at the Gina Krog field, and will export the fuel instead, Equinor Chief Executive Officer Anders Opedal said in a Bloomberg TV interview on Wednesday. In addition, the company is ramping up gas production at other fields, including the giant Troll. “We have turned every valve to see if we can produce and export more gas,” Opedal told a press conference the same day. “For Equinor, it is important to be a stable and secure supplier of gas to Europe.” The move at Gina Krog, which Opedal called an “extraordinary” and a temporary measure, will provide an extra 8 million cubic meters a day of gas. It will possibly mean “a little” reduction in oil volumes, but “in terms of value we utilize the reserves in the best possible way,” he said. While this is a relatively small addition to Norway’s total gas supply, which currently exceeds 320 million cubic meters a day, every molecule of the fuel will count in Europe this winter. The continent’s gas inventories are at their lowest seasonal level in at least a decade. Flows from its biggest supplier, Russia, are capped and competition with Asia for liquefied natural gas cargoes is intense. Opedal declined to comment if other oil fields may see similar changes in the near term, adding that the company is considering different options but not with “major consequences for oil production.” Both gas and oil prices will stay high this winter, assuming average weather conditions, Opedal said. The start of Russia’s controversial Nord Stream 2 pipeline, which is considered a crucial way for Europe to top up its gas imports, is still “one of the uncertainties” for the market, he said. “So far, we haven’t seen much more gas coming from Russia.” Oil demand is coming back to pre-pandemic levels, with consumption getting an extra boost as consumers switch to oil as an alternative to expensive gas, Opedal said.
3put
29/10/2021
08:30
jtisadly obviously couldn't justify his comments - he just posted some more negative supposition instead........ disingenuous much ... ?
sincero1
29/10/2021
08:23
I see that, thanks to HITS, the hedges issue is getting more attention elsewhere. Oktane observes that OTC contracts can be terminated early, but that would be at the prevailing price and Anguish doesn’t have the money to do that, they’ll let them run, they have no choice. If people start to get concerned on the other site, they may start to ask questions or the company may be forced to comment on the issue. Who knows, perhaps they bought options? It would be nice to know, wouldn’t it?
jtidsbadly
29/10/2021
07:56
jtisadlypvtFrazer - after your "i don't want to mislead anyone post , justify these comments..... 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 " share price into the sixties shortly " " 0.15 by end of year".
sincero1
29/10/2021
07:11
jtisadlypvtFrazer "they appear to me to be a Damoclean sword."...doomed we are all doomed..what a clown...from the fool that stated he didn't want to mislead anyone...
sincero1
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