Angus Energy Share Discussion Threads

[3put] 05/1/2022 16:50

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 16:49

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 16:48

Since the publication of the CPR yesterday there has been much discussion on the forums about the amount of gas that has been hedged each month. This figures show that the hedged sum is up to almost 5.4mmscfd in November 2022 and because the Jan 2015 July 2017 production averaged 4.7mmscfd it has been claimed that Angus has to drill the sidetrack just to cover the volumes required for the hedge. However, further details in the CPR show that 2022 production is predicted to be 2.8 BCF 7.7mmscfd in 2022 and 3.6 BCF 9.8mmscfd in 2023.

So my questions are:

A What is the predicted output of Saltfleetby without the sidetrack being drilled? Will it be enough to cover the 5.4mmscfd of the hedge in November 2022?

B If the sidetrack is successfully drilled, what would you hope would be the total gas output of Saltfleetby mmscfd in a worst, probable and best case scenario?

C Will it be possible to continue producing gas at Saltfleetby while the sidetrack is being drilled or does all production have to stop during this time period? Asked on 27 October 2021
A.The lenders technical advisers and Angus evaluated the deliverability of the existing two wells as being likely to be greater than 5 mmscfd. The reasoning was twofold. In the last years of delivery to the old Conoco refinery, average production was constrained by persistent issues with the main compressor at Theddlethorpe. Secondly it was the view of technical experts that, following a prolonged shut-in, the two wells should have improved deliverability in the first 18 months or so of operations. This is because prior to shut in there was an area of reduced pressure around the producing wells. Since then the pressure has equilibrated across the field resulting in significantly higher pressure around the producers. So it is our view that the hedged production should be able to be covered by these two wells in the event of failure of the sidetrack

B. Finger in the air: Worst 7mmscfd, Probable 10mmscfd, Best 10mmscfd (but extended for a longer period of time) Note, the combined deliverability of the three wells will exceed the production rate during the plateau period which is limited to 10mmscfd by virtue of the process equipment.

C. We believe that simultaneous operations are feasible on this site but we do need to do much more work on how such operations would be conducted.

[iceagefarmer] 05/1/2022 16:47

dog and co rattled today...big move up tomoro

[jtidsbadly] 05/1/2022 16:44

Yes, quite. It’s looking like a transparently classic pump and dump, what? One could write to the FCA predicting the course of the share price and corporate actions over the next few days with every expectation of being accurate in every important detail but they'd still do nothing, would they?

[jtidsbadly] 05/1/2022 16:37

bionicdog: I’m inclined to agree with you. It’s the same cretin.

[3put] 05/1/2022 16:25

Flurry of buys - first gas ahead of schedule anyone?

[solo4yous] 05/1/2022 16:22

Another million

[solo4yous] 05/1/2022 16:10

Volume kicking on

[3put] 05/1/2022 16:10

Dog is rattled that the price is going up, tells you everything

[shareprofessor] 05/1/2022 16:07

Judging by the posts here today one was wise to filter JTidsbadly , what an oddity he appears to be.

1347 you were relatively sprightly with your unavailing reply to the poster that ignores you but you overlooked the others. If you will persist with misspending your time and filling this board with piffle at least do it more competently and reliably otherwise it demeans you .

[solo4yous] 05/1/2022 16:06

Don't get wolf hotHTTPS://twitter.com/zopelyforver/status/1478758306688737284

[bionicdog] 05/1/2022 16:03

It is the same cretin.

[3put] 05/1/2022 15:56

Since the publication of the CPR yesterday there has been much discussion on the forums about the amount of gas that has been hedged each month. This figures show that the hedged sum is up to almost 5.4mmscfd in November 2022 and because the Jan 2015 July 2017 production averaged 4.7mmscfd it has been claimed that Angus has to drill the sidetrack just to cover the volumes required for the hedge. However, further details in the CPR show that 2022 production is predicted to be 2.8 BCF 7.7mmscfd in 2022 and 3.6 BCF 9.8mmscfd in 2023.

So my questions are:

A What is the predicted output of Saltfleetby without the sidetrack being drilled? Will it be enough to cover the 5.4mmscfd of the hedge in November 2022?

B If the sidetrack is successfully drilled, what would you hope would be the total gas output of Saltfleetby mmscfd in a worst, probable and best case scenario?

C Will it be possible to continue producing gas at Saltfleetby while the sidetrack is being drilled or does all production have to stop during this time period? Asked on 27 October 2021
A.The lenders technical advisers and Angus evaluated the deliverability of the existing two wells as being likely to be greater than 5 mmscfd. The reasoning was twofold. In the last years of delivery to the old Conoco refinery, average production was constrained by persistent issues with the main compressor at Theddlethorpe. Secondly it was the view of technical experts that, following a prolonged shut-in, the two wells should have improved deliverability in the first 18 months or so of operations. This is because prior to shut in there was an area of reduced pressure around the producing wells. Since then the pressure has equilibrated across the field resulting in significantly higher pressure around the producers. So it is our view that the hedged production should be able to be covered by these two wells in the event of failure of the sidetrack

B. Finger in the air: Worst 7mmscfd, Probable 10mmscfd, Best 10mmscfd (but extended for a longer period of time) Note, the combined deliverability of the three wells will exceed the production rate during the plateau period which is limited to 10mmscfd by virtue of the process equipment.

C. We believe that simultaneous operations are feasible on this site but we do need to do much more work on how such operations would be conducted.

[jtidsbadly] 05/1/2022 15:54

Well, Jonny, just carry on in this vein if you like. It’s no skin off my pony and derisory fingers won’t be pointed in my direction..

[3put] 05/1/2022 15:53

Civil Works

We havent seen any evidence of civil works starting at SFB. Concrete foundations will be required for the equipment and ISBL pipe work.

Equipment power generator & switchgear was planned to arrive in October, Separators storage tanks & ground flare was planned to arrive this month November, Gas compressor also in November – see 11 August 2021 RNS No. 34411.

Having all the necessary foundation completed will save time. Can you please clarify as to whether the civil works have started? If not, why not? Thank you. Asked on 25 November 2021
We have answered the civil engineering question elsewhere. As regards specific equipment, our date of February 2022 for First Gas takes into account delays on the skids as detailed in RNS of 30 November.

[3put] 05/1/2022 15:53

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.

[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..