Angus Energy Share Discussion Threads

[3put] 10/3/2022 14:36

OSI being ramped by the top pumpers

[3put] 10/3/2022 13:59

Can't see it having any bearing JT

[jtidsbadly] 10/3/2022 13:43

I don’t know if this has any bearing on a possible bid for Anguish, but if you look at the charges, all the Poundland leases, apart from a small stretch of pipeline at Theddlethorpe (presumably the piece they built in 2020) are owned by SEL, not Anguish.

[3put] 10/3/2022 13:30

Telegram saying Centrica offer coming ..... we will see

[3put] 10/3/2022 13:29

1p on the ask, anyone tempted? 1.4 p bid rejected from sound and George stating 7m revenue in month one for the gas

[3put] 10/3/2022 13:28

HITS

As opposed to purchasing cases of Evian to pour down the holes?

Of course it's limited to water produced on site. It stops the requirement to pay to truck it out to a recycling centre and paying the fees to dispose of it. A waste product that required shareholder cash to dispose of is now an asset that can be used to assist maintaining optimum well pressue to enhance oil recovery.

The permission is nothing but positive news, it cannot be seen as a negative in any way. Play fair or every argument you make will be met with suspicion as to your true intentions.

All the best

[jtidsbadly] 10/3/2022 13:15

JA51: I’m glad to hear it.

Re the legal fees, I should imagine both sides will be meeting their own legal costs - though the size of the share settlement may include a sum to cover it.

No, I don’t expect the Report and Accounts before the next placing now.

[ja51oiler] 10/3/2022 13:10

Many Thanks, JT.....Just got cold-like symptoms and actually feel better than yesterday.

Any sign of the full-yearly yet?.... How much do you think the legal bill will be by the way? As they have settled they will be paying both sides' costs presumably?

[sincero1] 10/3/2022 13:03

hits is getting himself all tangled up in the hedge .... just won't accept it therefore goes looking for conspiracies ....unfortunately hits lost a lot of credibility when he began to align himself with the resident grey old disingenuous crayon eaters who are only lie to suit their negative agenda..... he certainly was more balanced before he sold at a loss at 1p.... funny that eh ?

[3put] 10/3/2022 12:56

From LSE - HITS

As opposed to purchasing cases of Evian to pour down the holes?

Of course it's limited to water produced on site. It stops the requirement to pay to truck it out to a recycling centre and paying the fees to dispose of it. A waste product that required shareholder cash to dispose of is now an asset that can be used to assist maintaining optimum well pressue to enhance oil recovery.

The permission is nothing but positive news, it cannot be seen as a negative in any way. Play fair or every argument you make will be met with suspicion as to your true intentions.

All the best

[3put] 10/3/2022 12:51

and the company is more than anyone else acutely conscious of the need to preserve our timeline in order to provide value to shareholders whether through revenue sales or corporate action ---Girrrrrrr, we have only been saying the same for months

[3put] 10/3/2022 12:48

George Lucan, CEO, commented:

"The focus is now away from skid delivery to installation with the aim of having the site ready for commissioning during April and producing during May. The present gas price forward curve shows very high average prices of over 400 pence per therm for 2022.

In fact, gross production, of which we have a 51% share, solely from the existing wells and which is wholly unhedged for the month of June, is expected to yield 1.5 million therms or gross revenue of £7.2 million at today's forward price for that month alone.

Gross production solely from the side-track, should it be successful, is again wholly unhedged for the remainder of the year and is expected to yield a further 1.5 million therms each month of which Angus share is 51%.

The forward curve remains very high and seems likely to remain high this year and the company is more than anyone else acutely conscious of the need to preserve our timeline in order to provide value to shareholders whether through revenue sales or corporate action."

[3put] 10/3/2022 12:46

NT to buy atm

[headinthesand] 10/3/2022 12:23

Blueblood,

"The RNS clearly states the production from sidetrack is unhedged for the rest of the year so not sure where October comes into it!"

Yes it does. Here's what it says:-

"Gross production solely from the side-track, should it be successful, is again wholly unhedged for the remainder of the year and is expected to yield a further 1.5 million therms each month of which Angus share is 51%."

But unfortunately this is untrue. George also states in today's RNS that the company expects the non-sidetracked wells to produce 1.5 million therms per month (which is 5 mmscfd)... but hang on a minute? The volumes hedged actually exceed 5 mmscfd of production from Oct 22 onwards for 9 months.

Therefore, production levels of greater than 5 mmscfd will be needed in order to meet the hedge commitments. Therefore a successful sidetrack will be necessary. And therefore at least some of the production gained from that sidetrack (presuming it is successful) will need to go towards servicing the hedge obligations - so it cannot be wholly unhedged.

George seems to be having trouble with his calculator again.

[jtidsbadly] 10/3/2022 11:35

JA51: I wish you a very speedy recovery from it.

[jtidsbadly] 10/3/2022 11:32

1347: I’d assumed those were the remnants of the previous placing but they could be forward sales, either by Gneiss or the future placees. The Interim MD must be embarrassed by the current reaction to his latest statement. What will he do next to get the price up before the placing? Sound will issue their nolle prosequi tomorrow, Gneiss don't owe him any favours and the Report and Accounts should be due very soon. So he’ll be needing some good news. And how are they going to finish the pipework by the end of April?

Incidentally, I see on the other site that Brockham has got EA permission today for re-injection of its own waste water. They had draft approval in December, the DorD article,says. That’s a 3-months gap between draft and final approval (they can’t afford to do it anyway, they won’t have the money until they earn some).

[ja51oiler] 10/3/2022 11:26

I see they are trying to pretend the EA announcement is good news over on the other side, The reality is the refusal to let them RE-Inject from elsewhere has just cost them Millions on a best-case scenario, and actually made Brockam Lidsey and Balcome closer to De-commissioning liabilities than assets.

They had hoped to put 150 Braells of water a day from elsewhere taking 8 and a half years to get the reservoir up to an unimpressive starting point!

[ja51oiler] 10/3/2022 11:06

Yes apologies HITS and all. Tested positive for Covid this morning and am feeling a bit woolly.
I missed the per month part!

[headinthesand] 10/3/2022 10:57

JA51, by my reckoning 5 mmscfd (George's hoped for daily production sans sidetrack) would in fact equate to 1.5 million therms per month, as stated. You seem to have forgotten that the therms stated are per month and mmscfd is of course a per day measure.

However, since 1.5 million therms per month (aka 5 mmscfd) doesn't meet the hedged volumes from October onwards, they're going to need a successful sidetrack.

[1347] 10/3/2022 10:56

Funny eh, yesterday some large late reported trades, looks like someone knew something?

09-Mar-22 16:16:42 0.85 1,750,000 Unknown* 14.88k
09-Mar-22 16:15:22 0.85 2,000,000 Unknown* 17.00k
09-Mar-22 17:08:55 0.86 1,000,000 Unknown* £8.60k

Some large steady blocks also going through today. Forward selling by insiders maybe?

[sincero1] 10/3/2022 10:55

13reallyneedsahobby47cptmainwaring filtered post ... about me isn't it , i guarantee
it ... the old stale urine smelling nobody just hates to be ignored ... tee hee

[sincero1] 10/3/2022 10:53

chickbait - ja51contractvoidoilerwg818 said "the sooner the company disappears the better as far as i am concerned " and you use this horrid little piece of excrements post to support yours ? seek mental health support urgently ...

company has stated it has confidence in the sidetrack.... you and the resident grey old disingenuous crayon eaters know it but always forget to mention it ... funny that eh ?