Angus Energy Share Discussion Threads

[3put] 28/3/2022 23:50

Natural-gas prices shot to record highs in Europe as intensifying fighting in Ukraine threatened to reduce supplies of the heating and power-generation fuel from Russia.

Traders fear those supplies could be cut off as Russia intensifies its fighting, and that Russian gas supplied via other pipeline routes might get disrupted by Western sanctions on Moscow. Alternatives such as liquefied-natural gas from the U.S. would struggle to fill the hole left if Russian exports were removed, and come at huge expense as Europe competes with other gas-consuming regions for scant supplies.

Those concerns drove futures contracts for gas in the northwest European market up 42% compared with Friday’s close to more than 270 euros, equivalent to $293, a megawatt-hour Monday. Earlier in the session, prices hit a record high of 345 euros.

The surge in prices for a fuel widely used to heat homes and generate electrical power threatens to cause economic disruption in Europe, wherrgy-intensive industries including fertilizer and metal producers already had cut output in 2021 when prices were well below where gas traded Monday. The rise will likely cause difficulties for the European Central Bank, which has taken a more cautious approach to raising interest rates than the Federal Reserve and Bank of England in the face of rising inflation.

The prospect of rapidly rising energy prices in Europe, which gets about 40% of its gas supplies from Russia, prompted the European Union and U.S. to refrain from including oil and gas in their initial rounds of sanctions. The U.S., however, said this weekend it is working on plans for an embargo on Russian oil with its allies.

[3put] 28/3/2022 23:41

Germany has formally refused to pay for Russian gas in Roubles. So they now have a lot of gas to find very quickly.

[iceagefarmer] 28/3/2022 23:14

OR BP

› news-and-insights › press-releases
BP and its partners are developing four new oil and gas projects that together will involve a total investment of almost £10 billion in the UK's oil

[3put] 28/3/2022 23:13

Today's interview

[3put] 28/3/2022 23:12

maybe Shell will buy out ANGS ??

[3put] 28/3/2022 23:11

maybe Shell will buy out ANGS ?? hxxps://www.cityam.com/shell-to-invest-25bn-in-uk-energy-systems/

[chickbait] 28/3/2022 23:11

investing after the placings lol.

[3put] 28/3/2022 23:06

What keeps you invested Chick ?

[3put] 28/3/2022 23:05

Today interview states 3m therms per month after side-track is done.

Then debt will be paid and special dividend after that.

My fear is that one of the bidders Tey to get us on the cheap

1.4p has been rejected, George said sum of paets 3.5p. No way he can sell below that now. Gas and oil will remain stickily high for years, so in a sense the volatility of pricing has been removed.

[3put] 28/3/2022 23:02

That is a better question. George mentions this in todays interview. Below is the amount without the side-track


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] 28/3/2022 23:00

Gas Consumption in the United Kingdom
The United Kingdom consumes 2,795,569 million cubic feet (MMcf) of natural gas per year as of the year 2017. The United Kingdom ranks 11th in the world for natural gas consumption, accounting for about 2.1% of the world's total consumption of 132,290,211 MMcf.

3put AKA Giddy. All of your ramping saying we are getting bought out by Shell. BLAH, BLAH, BLAH..

On the best case scenario can you calculate how much gas can be produced from SFB in a year. I bet it is no where near the amount that comes out of you lol.

[3put] 28/3/2022 22:55

New interview:
- First Gas May 1.5m therms per month
- Add’l well another 1.5m T/M
- Others planned too
- Pay down all debt by Year end
- Brockham producing soon
- Refuses to sell the co “for a song”
- Dividends once debt repaid


- massive opportunity here imo

[iceagefarmer] 28/3/2022 22:54

#Saltfleetby #Gas #Brockham #Oil - both coming in May 🔥🔥

💰 June gas production expected to be £5-£10 mil

💰💰Debt free by year end

💰💰💰 Special divi or share buy back

👉 CEO interview 👇👇



🧳🧳🧳 Opportunity …

[iceagefarmer] 28/3/2022 22:53

New interview:
- First Gas May 1.5m therms per month
- Add’l well another 1.5m T/M
- Others planned too
- Pay down all debt by Year end
- Brockham producing soon
- Refuses to sell the co “for a song”
- Dividends once debt repaid

[chickbait] 28/3/2022 22:52

WOW. 3put. Why are you so desperate to block out discussions. why don't you just join in the debate rather than copy and paste?

How are new investors supposed to read facts before making a descision?

[3put] 28/3/2022 22:52

Lse are promoting their interview with George

[3put] 28/3/2022 22:48

That is a lot of revenue

[3put] 28/3/2022 22:47

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."

[jtidsbadly] 28/3/2022 22:45

chickbait: yes, I too thought his use of the phrase “in time” was telling. I think his demeanour suggests that either he is actually more confident or he’s in a funk about Poundland’s being ready in time.

This was the most bullish interview/series of statements I’ve ever seen from a company director (though I haven’t been following AIM companies for long). As far as I could see, there was no catch-all proviso before it began about not relying on forward-looking statements/the word “will” doesn’t mean anything, so if there’s a placing this week or next at a higher price than today’s close, and then Anguish fails to meet the predictions he’s made, he could get into trouble, in my view. I’d like to have a transcript of it.