Angus Energy Share Discussion Threads

[solo4yous] 05/1/2022 15:48

2.922p per share coming here IMO

[1347] 05/1/2022 15:44

Looks like more of the tag team have arrived in the form of multi cut and paste..

[jtidsbadly] 05/1/2022 15:42

HITS: yes, there’s supposition and there’s supposition. If you’ve found data and predictions from a single source to be unreliable 100% of the time, your supposition that the next one will be unreliable is likely to be correct, and Albert Einstein would agree with your supposition. Your antagonist’s supposition that the next announcement will be reliable is much less likely to be correct, what? It’s much simpler than Jonny is trying to make out.

[3put] 05/1/2022 15:41

Hi, there appears to be a drilling rig at Saltfleetby. What has this been used for? Thank you Asked on 16 December 2021
This small rig was brought onto site to ensure that Well SF07 was fit for our particular side-tracking programme. In particular the well head was nspected, tubing recovered, valves replaced and a cement bond log test was run to esnure that cement was duly in place and our choice of depth for whipstock and sidetracking was appropriate. This was a successful and cheap operation done with a small rig which greatly derisks time and cost overrun on the main sidetrack operation in Q2 with a much larger rig. See our Twitter account for pictures.

[3put] 05/1/2022 15:41

The Hedge on gas production/sale of gas, is fixed for 36 months. a member on LSE chat board has stated that even if the loan is paid of early, The Hedge remains in place for the remainder of 36 months. Is this true? Asked on 20 December 2021
Yes, the hedge is for a fixed term on a declining balance which roughly aims to decline wiith the scheduled loan repayments. It would be very likely (asusuming we succeed in obtaining target production from the side track, itself 100% unhedged, and representing windfall gains at present forward gas prices) that the loan would repay earlier, but the hedge would be fixed on that scheduled loan amortisation profile.

However it would be open to the company to break or reset the hedge once the loan was repaid – although this would incur a normal mark to market charge – allowing for more dynamic hedging – i.e. picking particular moments to reset the hedge. The amount of hedged production after, say, two years would be less than c 25% of total production (including production from the sidetrack).

[3put] 05/1/2022 15:41

Will Angus Energy be drilling down to the EGS Super Hot Rock Supercritical Water for the enhancement of electricity production and a smaller footprint per site. Thankyou. Asked on 28 December 2021
We target 200C at c. 5000m. Super hot rock would be signficantly deeper in SW England and could yield > 400C. Some elements of our design incorporate elements common to Super Hot Rock so we follow developments closely, but our focus is on commercial well design – getting cost down away from the government funded figures we have seen to date. Managing temperatures of 400C plus, whilst offering a much better energy yield, present significant cost increases in well drilling and construction and would not be our on our immediate agenda as we approach potential technical and financial partners.

[3put] 05/1/2022 15:40

We understand that there has been a request for minor amendments to planning consents at Saltfleetby Gas Field as a result of changes to the onsite generation capacity, flare and condensate stablisation design, and addtional tree planting. Is the application for variation of planning permission now fully aligned with the Environment Agency Permit application and what is the status of the latter?

Thank you and Happy Christmas wishes to the Angus Team Asked on 30 December 2021
Alignment. Yes the two are aligned. The process is iterative as with all of the regulatory and planning bodies. In this instance further HSE (compliance with PED/PSSR and ATEX/DSEAR) and EA requirements led to modifications in design and layout during the autumn which are now reflected in this application to Lincolnshire County Council for minor variations to our existing consent.

Progress on EA Permit: We have dealt with a number of Schedule 5 notices requesting further information throughout the summer and early autumn and have, as we understand it, only two matters left to resolve. One matter concerns establishing agreement on precise methods of noise modelling and associated software and the other the management of a low pressure, low volume incidental off-gas stream. Both have a variety of highly technical solutions, the choice of which is being discussed with Agency and our various project engineers. We expect to resolve these matters in early January and do not, at the present moment, see either as a roadblock to First Gas.

[3put] 05/1/2022 15:40

Which of lidsey or Brockham will be producing oil first, and within which quarter of 22? Asked on 30 December 2021
We have been notified that the Environment Agency is minded to grant our permit to re-inject water at Brockham but this is subject to a further period of public consultation, so we have not yet advised the market of this development. Assuming the EA encounters no new information during consultation, the permit is likely to be granted during February 2022 and we would therefore expect to restart production at Brockham immediately thereafter as we have already upgraded the site to meet improvement conditions required of us. Other permissions, mostly non-contentious or administrative, being available we would hope that Lidsey production would recommence during Q2 2022.

[solo4yous] 05/1/2022 15:39

Steady buys coming in

[jtidsbadly] 05/1/2022 15:36

OK, Jonny, if that’s the way you want it.. Did the other party ever cough up that £300 fine, by the way? He absconded, if I recall rightly. Dobbed in a second time, you can’t blame him for neglecting to pay.

Anyone for Polo? Not you, I should think? You’ll need these a fair bit higher, those ponies don’t come cheap, what?

[solo4yous] 05/1/2022 15:35

Sorry headinmybumIt's a case of true valueOk £30mTrue market value as Lord Lucan said in Q and A should be around £30m market so around 2-3p

[headinthesand] 05/1/2022 15:31

Sincero, the point I'm drawing clear attention to is the timing of the authority request (just 10 weeks before the AGM). Why go to the time and expense of a hastily and separately called (E)GM, unless they simply couldn't wait the extra 10 weeks? Sending out and processing all those voting forms doesn't come for free...

As to the Q&A replies, sorry, I set no store by them. Unregulated puff pieces. If historically pretty much every significant piece of info or assurance that ANGS has released via RNS has turned out to be significantly inaccurate when measured against actual transpiring reality (and so much has), why in the world would anyone believe any answer ANGS may give to a mere investor question?

[solo4yous] 05/1/2022 15:31

Ok £30mTrue market value as Lord Lucan said in Q and A should be around £30m market so around 2-3p

[bionicdog] 05/1/2022 15:27

Warrants ffs , how does that raise the money?

[solo4yous] 05/1/2022 15:27

Angus Energy ok okWorth £26m at least

[sincero1] 05/1/2022 15:23

hits - supposition is supposition ...reasoned or not ... same faeces different smell.

some might say its prudent to apply for the authority to issue more shares after all nothing , however much the resident urine smelling disingenuous dads army say it is, is for certain . time will tell of course . the company advances in a more positive way , that is pretty clear. the company is also showing a certain amount of confidence , just look at the q&a replies....

[solo4yous] 05/1/2022 15:21

No placing Warrants Game on !!!

[clottedq] 05/1/2022 15:18

EchDelta what do you expect the placing to be?

I expect it to herald great news, Solo4Yous... what about you 3Put?

I agree with DaveMarn... who tells me that Cudda once told him that a friend of a friend once said that Angus is a nailed on cert and that the placing is not going to be at a discount at all... but at a premium!!! Yes... that's right: it will be both a FIRST for AIM and a FIRST for Anguish!

Enter nurse...

Now Adrian... have you been refusing to take your medication again. You know that it only makes the voices inside your head scream louder!

CQ ;-)

[solo4yous] 05/1/2022 15:09

I can't wait to see this over £30m market cap

[solo4yous] 05/1/2022 15:05

HahahahahThey all can't resist being econwarrirors

[jtidsbadly] 05/1/2022 15:02

It’s all the same cretin, isn’t it?!

Careful, Jonny, Twitter is short of funny stories of spoiled rich kids dobbing one another in over dodgy liaisons of the horizontal (presumably?) kind and receiving a drubbing for their pains.

[solo4yous] 05/1/2022 14:56

Thought justbadly wasn't gonna post anymore..idiot

[jtidsbadly] 05/1/2022 14:54

HITS: the basis of all investment research is analysis of accounts, company statements etc. But this analysis is pointless unless it forms the basis of a conclusion about the value of a company going forward. Supposition is one word for forward-looking statements: it was supposition, for example, to suggest that dropping the bombs on Japan in WW2 would cause them to surrender. What you’re doing, and what Jonny and his chums on here can’t stand, is drawing reasoned conclusions from detailed investment research. Jonny is either too thick or too lazy to do it. In fact, he doesn’t seem to do anything much other than write rude remarks about his betters. If he’s not careful, the story of the Perth 3Some, or Ham sandwich, as it’s otherwise known, may soon gain much wider currency.