Angus Energy Share Discussion Threads

[dissentingvoices] 09/3/2022 19:10

GAFFER73 aka NIGOIL aka TROP2 aka BUFFIT1 aka DARLOBOY aka GOZZEI2

😂🤡🤡😂9313;😂ԍ13;😂🤡;😂🤡😂🤡
28514;🤡€514;🤡㈳4;🤡😂🤡😂🤡😂9313;😂ԍ13;😂🤡;😂🤡😂🤡
28514;🤡€514;🤡㈳4;🤡😂🤡😂🤡😂9313;😂ԍ13;😂🤡;😂🤡😂🤡
28514;🤡€514;🤡㈳4;🤡😂🤡😂🤡😂9313;😂ԍ13;😂🤡;😂🤡😂🤡
28514;🤡€514;

tell us why you are not using your NIGGLY NO OIL username on here.....lol

[gaffer73] 09/3/2022 18:26

They've already stated it would be decided by the officer not committe. So they've had to add some colour to make it clear, so what.

[jtidsbadly] 09/3/2022 17:55

JA51: re my question this morning. The changes to the plans for Poundland recently submitted to LCC are so extensive that I would not be surprised to see the planning officer refer them to the full Planning Committee. The ignoramuses on the other site should be ignored.

[iceagefarmer] 09/3/2022 17:18

not long now..tanks on site!

ngus Energy Plc
@angusenergyplc
·
6h
Water tanks join condensate tanks on site #ANGS

[jtidsbadly] 09/3/2022 13:53

HITS: yes, I agree, as you know. Sound have two days to put up or shut up. They and the others in the Anguish “data room” must by now have quite a lot of inside information, including the terms of the Facilities Agreement and some data on Anguish’s cash position. Their willingness or otherwise to bid will be a pointer but it seems to me wrong that shareholders and potential investors have no access to this information at such a critical time. Actually, it’s worse than wrong. And there’s another placing in the air.

What will Frazer Lang be doing? His irrevocable undertaking to accept the Sound “offer” implies, to me, that he has no confidence in the Board’s ability to get the gas into production in time. What will he do if Sound withdraw?

And when will we see the Report and Accounts?

[jtidsbadly] 09/3/2022 13:40

Why has there been no investor question re the timing and amount of the payments on the amortising Debenture? It seems likely that they apply at least a month before the hedges become an issue and, given the economics of Poundland now, the time remaining before the payments are due and the rights of the Debenture holders, this is surely the more pressing issue?

[headinthesand] 09/3/2022 13:39

What HITS actually says is "how much gas and by when?" There is no prospect of any offer - the FSP was IMV a quite cynical move to get the last placing away.

[3put] 09/3/2022 13:28

As hits says, its about how much gas and how big the offer is.

[3put] 09/3/2022 13:28

Starting to move up

[jtidsbadly] 09/3/2022 12:48

And you can discount all this talk about the oil assets. Anguish hasn’t got money to spend on them and can’t borrow any.

[headinthesand] 09/3/2022 11:52

I think Yanis is being slightly overoptimistic and I would think around 4 weeks is a more realistic call - though perhaps in these fraught times, things may be hurried up.

Either way, no matter how you cut it, ANG needs to get to first gas by end May latest or it is in deep trouble. As anyone who understands even the basics of a hedge contract has known for months, the geometric rise in gas prices is very much a two-edged sword.

As I've noted before, the people sitting absolutely fat and happy on this deal are the lenders - and incredibly so, if they're also the party on the other side of the hedge.

Absolutely zero risk for them, given the substantially increased putative value of the asset put up as security. In fact I'd not be surprised at all if they're hoping ANGS does default on either the loan repayments or the hedge commitments, because that would seem by far the best of their only two win-win outcomes.

[jtidsbadly] 09/3/2022 11:04

JA51: it rather bears out out what you've been saying for months, doesn't it?

Yanis on the other site is saying it will be two weeks from first gas to full scale production. Hopefully, NG will have an inspection team ready at very short notice once Anguish call them to to say they're at first gas. And the HSE.

[ja51oiler] 09/3/2022 09:42

Looks to me like they have had discussions and have been told to apply for permissions for the new kit in a new planning application. They are quite obviously are not minor site layout changes as presented.

[ja51oiler] 09/3/2022 09:38

JT the "REVISED" plans have this month's date on them.

[jtidsbadly] 09/3/2022 09:17

JA51: these March 2022 revisions are presumably responses to requests for further information by LCC? Considering the large scope of the proposed revisions, what are the chances of the Planning Officer referring it back to the Planning Committee?

I hadn’t noticed these documents before - have they been up on the website for long?

The issue raised by the EA hasn’t been fully addressed yet, has it?

I see by the way that AECOM have slipped in the information that the height of the flare has been revised from 3m to 7m! Any flared gas will be visible from Grimsby and Skegness!

[3put] 09/3/2022 08:31

70% hedge, shell buying 100%. Time to deliver and support gas prices in the UK.

[ja51oiler] 09/3/2022 07:55

You do realise they have a hedge commitment to fulfill don't you guys?
High gas prices will have exactly the opposite effect you hope for if they can't fulfill them and every day counts!..... if they can,t get it running in time or fall short the Debenture holders can take the lot!

[nicosevos] 09/3/2022 07:44

Onwards and upwards.....Fill your boots!!!!!!!!!!!

[martyminer] 09/3/2022 07:33

So what do we think this will do for the rest of the week ?

[ja51oiler] 09/3/2022 06:37

Looks like the PP isn't going to plan after all!

The application is for:

"To vary condition 1 of prior approval PL/0052/20, to reconfigure part of the approved layout"


However, newly revised production drawings were submitted with this month's date and half the new kit that they were obviously always going to need are now highlighted and listed with the following.

"NEW ELEMENTS SUBJECT TO A SEPARATE
PRIOR APPROVAL APPLICATION"


Looks like the application we are waiting on has been called out as wishful thinking then.

Will this be another 13 weeks to add, whilst they submit the newly revised application? The good news is the flare isn't on the list despite being the size of a three-story block of flats!

[jtidsbadly] 08/3/2022 22:08

All those earthquakes and sinkholes.

[medusala] 08/3/2022 21:19

What "subsidence" damage???

[jtidsbadly] 08/3/2022 17:45

Yes, 3Put, I agree. They need to get their corporate finger out.