Angus Energy Share Discussion Threads

[jtidsbadly] 07/12/2021 16:57

The rampers and Yanis should ask themselves what they would do if they were Directors of a company whose shares they had reason to expect would “2x bag”, never mind “20 bag” over the next twelve months. I know what I’d do. I’d gather every penny that I earned and that the banks would lend me and invest it immediately. I’d own a notifiable % by now - putting me on a comparable footing with the likes of Frazer and Jamesll, what?

[jtidsbadly] 07/12/2021 15:43

The PR lot are out of ideas, it seems. All they’ve come up with is to tell all the shills to say we live in Saltfleetby! It’s a bit weak, isn’t it? Oh, yes, and to claim that Anguish is on schedule. This skid is five months late! And poor Yanis, who appears to be a retired oil and gas engineer, has decided to average down! It’s not even Thursday yet, when the new shares should be available to sell.

[sincero1] 07/12/2021 15:35

there it is again ... stale urine .... 13reallyneedsahobby47cptmainwaring must be posting again...jtisadly run along and remind him, as the senile old duffer has forgotten again, that i have him filtered...so if he is replying to me i can't see it and have no interest as he i an irrelevant nobody ... its just embarrassing him ..... maybe nurse can tell him...

oh and jtisadly ,,come on, where on the b1200 ?

[sincero1] 07/12/2021 14:58

jtisadly ...come on what door number on the b1200 ? assuming hovels have door numbers ....

there is that smell of stale urine again .... jtisadly tell him to stop its embarrassing ...

[sincero1] 07/12/2021 14:35

jtsadly perhaps you could pop around and take a pic for us all .... living so close by and all...go on run along ...

[jtidsbadly] 07/12/2021 14:30

Ooh, and I see on twitter there are some nice snaps of the gas metering skid being unloaded on site. Would this be the gas metering skid scheduled for delivery to site in mid-July?

[jtidsbadly] 07/12/2021 14:18

Flagstaff Zoom call is over, then.

[sincero1] 07/12/2021 14:04

what's that smell... stale urine, slippers, comfy slippers , brown slacks and supposition , negative supposition .... nurse double meds all around.... and no crayons today ....

jtisadly come on .....where on the B1200 is your hovel ?

[clottedq] 07/12/2021 13:28

IMHO:

1) EA permission will be further delayed (probably due to Anguish filling in their application incorrectly or missing out some vital detail or other- Let's face facts: Anguish already have form on that score already!

2) There will be further delays in "all" equipment arriving!

3) There will be further delays due to the bad Winter weather we were supposed to have been avoiding - if the original... original... original... schedule had been adhered to!

4)Setting aside the inevitable delays... Anguish STILL cannot say with any certainty that the outcome will be successful. It depends not only on gas being extracted... but gas being extracted in sufficient measure to be able to pay off the "UNEXPECTED" massive cost overruns.
Again: let's face facts here: Even now, Lucan can't seem to get his figures right. Even the latest RNS hints at further higher "UN-ANTICIPATED" costs!

FFS: If FINANCE was Lucan's "so-called" area of expertise, I would dearly love to know what he thinks his weaknesses are!

CQ ;-)

[clottedq] 07/12/2021 13:01

JT,

Yes, they've hired a team to oversee their team... then another team to oversee them.

I can already picture it now:

A group of pen pushers scratching their chins at meeting after meeting after meeting after meeting before anything even gets started.

This is Anguish after all... so we already expect expect delay, disaster and further share price dilution (it goes with the territory!).

CQ :-(

[jtidsbadly] 07/12/2021 12:55

HITS: I think they’re concerned on the other site that work won’t start, in spite of their telling us EA permission is only required at the time gas starts to flow, until EA permission has been granted. I agree, it’s a formality, it’s just a question of when. They predict 17 December at the latest, according to the new CPR.

I’d be a bit more concerned about HSE approval. That’s due any time now, isn’t it?

[jtidsbadly] 07/12/2021 12:28

But CQ, they've told us they’ve hired a whole array of experts to help them in every aspect of getting the thing connected and flowing. It’s the multiple specialist local contractors that would concern me. And where have they got to with that Joule-Thomson valve?

[clottedq] 07/12/2021 12:09

Kansas Yanis: "The key is the PMT (Project Management Team)." "And no, the reconnection is not a first of its type - it is simply a first for Angus." - Talking about PoundLand.

Oh Dear God!

And who do "we have" working on it? The same inept team who gave us FAILURE right across the board on each & every deadline... each and every financial projection and each and every operational milestone...

"A first for Angus!" It's a done deal then: ANOTHER FAILURE IMHO.

CQ :-(

[jtidsbadly] 07/12/2021 10:29

They’ve got an Echsy moron on the other site.

Incidentally, where are they all this morning? Is Flagstaff holding a Zoom meeting?

[chickbait] 07/12/2021 10:21

An oxy MORON?

[jtidsbadly] 07/12/2021 10:18

Chickbait: is that a rhetorical question?

[chickbait] 07/12/2021 10:16

How low can this go?

[headinthesand] 07/12/2021 09:34

There is of course literally nothing in the above-quoted RNSed "envisagement" that turned out to be anywhere near even remotely true.

Separately, the ramptastic cheerleaders next door are busily trying to maintain that the other day's placing is primarily to go towards:-

"Increased contingency for its Saltfleetby budget"
Surely not? Having already got it wrong by £12 million and a year and a half, surely George can't have got it wrong again at this late stage?

"Geothermal subsurface and potential site acquisition work (5 target sites identified)"
Don't make me laugh! Pie in the sky can-kicking - the company doesn't have any chance of accumulating anywhere near the capital required to mount a 5+ year geothermal unicorn hunt.

"Planning and regulatory matters in respect of its current oil fields, including work to resume production at Lidsey during Q1 2022, subject to regulatory approvals"
It is of course crucial to continue to try to persuade the regulatory authorities that there is possible life still in one's onshore "assets"... or there'll be nasty abandonment bills to cough up for. It's very clear IMO that with the possible exception of Poundland, all ANGS's other so-called "assets" are actually cast-iron liabilities, just waiting to cost the company a shedload of cash it never has. A positive flock of Norwegian Blues.

And the reason that the ramptastic brigade always omit to mention? The one that George put last in his list, presumably doing so in the hope that people wouldn't pay any attention to it. But it does explain why the £800k (oops, missed... only £750k, and that's gross) was needed pretty sharpish...

"Working capital and general costs"
Aha. That'll be the sole real reason then. Keeping the swill trough filled a while longer.

[1347] 07/12/2021 09:17

Maybe, just maybe, they should be more concerned about the positive suppositions that prove to be clearly disingenous, e.g.

"The report envisages capital expenditure to Angus of £1.5 million (mean estimate) to bring the gas on stream in 2020 and to drill a horizontal side-track to well No. 5 during H1 2021, the latter to accelerate recovery. The Board does not anticipate any other capital expenditure to capture and monetise these identified reserves. The Board may however consider further expenditure from 2022 onward to monetise the contingent resources."

[ja51oiler] 07/12/2021 08:51

From the Q&A page Asked on 1 December 2021

Q.
There is still a concerted effort, by clearly disingenuous posters ,in online forums to discredited the company and its partners using negative supposition. What does the company intend to do about this ?

Probable answer

After reading the posts the BOD decided that the "SUPPOSITION" was actually the correct action to take and followed the "disingenuous posters" predictions!