Angus Energy Share Discussion Threads

[3put] 22/3/2022 23:44

Another step towards first gas

[3put] 22/3/2022 23:42

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."

[headinthesand] 22/3/2022 22:55

"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."

The problem with the above statement is that it is simply not true - 1.5 million therms at June 22 pricing of 235p per therm equals £3.525 million of revenue, so under half of what ANGS has claimed. his is nopt true.


"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%."

This statement is a pure guess. Nobody knows how much gas the field will produce without a successful sidetrack and whether that will be enough to fulfil the contractually committed-to 36 months of hedge obligations.

In fact, since George has stated that a full month of production will deliver 1.5 million therms as per the first statement above... and given that 1.75 million therms per month have been hedged from Oct 22 to Jun 23, it's pretty clear from ANGS's own words that a successful sidetrack will in fact be needed.

Finally, never trust any share where shills copy n paste ream upon ream of old and outdated information in an attempt to drown out more objective comment and stop it being seen.

[3put] 22/3/2022 22:42

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."

[chickbait] 22/3/2022 20:52

3put/Gideons. is this you?

[chickbait] 22/3/2022 20:44

Still lots of sellers. Surely cant be forward sold shares?

[chickbait] 22/3/2022 20:42

wildhorses22 Mar '22 - 20:05 - 19651 of 19656
0 1 1
Looking forward to a nice rise in the morning. Good news for Brockham and Saltfleetby. That RNS on the bell will have locked a few out tomorrow;)

Doubt it as probably already priced in unless there is another quick P&D

[jason_scrap] 22/3/2022 20:40

Sorry I meant whoosh.... at least til mm's decide to pull the bid lol

[jason_scrap] 22/3/2022 20:31

They reaffirmed the EA part with some glossy finish to take the sting out of the other planning delays. Why issue that RNS at nobody's watching o'clock if it's good news....? Use you're brains people lol

[wildhorses] 22/3/2022 20:05

Looking forward to a nice rise in the morning. Good news for Brockham and Saltfleetby. That RNS on the bell will have locked a few out tomorrow;)

[wildhorses] 22/3/2022 20:05

Looking forward to a nice rise in the morning. Good news for Brockham and Saltfleetby. That RNS on the bell will have locked a few out tomorrow;)

[iceagefarmer] 22/3/2022 19:42

remember this share was all about brockham..thats what got us to a 40p share price..brockham is now all systems go again..stand well clear..the rocket is about to go off again!

[3put] 22/3/2022 19:29

Yanis2005

Posts: 4,751

Price: 0.90

No Opinion

RE: RNSToday 18:47
Was quiet today, gone for gardening, then a BBQ … now talking a look … and wowowowowowow … what a smacker of an RNS!

Not just for SFB now all clear to start pushing gas out , but also Brockham … just wow.

And another significant piece of equipment arrives at SFB …

All coming together now. All good

[3put] 22/3/2022 19:28

Excellent news on both fronts (planning hurdles ALL now cleared and in the rear view mirror and water reinjection officially announced via RNS). Bringing more oil to the surface from a well being restarted is very good news. Hopefully the water reinjection can increase the Bpd recovery and then we can sell it asap and reap the current high prices.

[headinthesand] 22/3/2022 18:23

I've not mentioned either issue actually, Gaffer. Personally, I haven't been expecting issues with planning or EA sign-off at Poundland, except for possible bureaucratic delays.

For ANGS, it remains about whether enough gas can be produced in time to a) meet the hedge and b) additionally deliver enough revenue to meet debt repayments of various types.

[iceagefarmer] 22/3/2022 18:11

BOOM! 8AM TOMORO...BE THERE!