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Share Name Share Symbol Market Type Share ISIN Share Description
Angus Energy Plc LSE:ANGS London Ordinary Share GB00BYWKC989 ORD GBP0.002
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.15 16.67% 1.05 1.00 1.10 1.075 0.888 0.90 37,771,030 13:41:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.1 -2.5 -0.4 - 10

Angus Energy Share Discussion Threads

Showing 10601 to 10623 of 10625 messages
Chat Pages: 425  424  423  422  421  420  419  418  417  416  415  414  Older
DateSubjectAuthorDiscuss
19/10/2021
00:03
Can the company give an update regarding the Shell agreement. Is the contract still in place and the terms as was when agreed?Thanks . Asked on 21 September 2021 The contract is still in place and the terms are unchanged.
3put
19/10/2021
00:03
There is no hedge on production until July 2022. What is the value of all production from March 2022 to July 2022 at the prices on the present NBP Heren forward curve for these months with and without the side track? Asked on 21 September 2021 The short answer is the field ,on the original CPR plateau volumes but at the latest forward curve prices, might generate £17 mllion over those four months with the side track and about £8.5m without it. Angus share is 51%. Ordinary opex might be about £0.6m excluding debt service. The forward prices from https://www.cmegroup.com/markets/energy/natural-gas/uk-nbp-natural-gas-usd-mmbtu-icis-heren-front-month.quotes.html are given below in $/MMBTU (approx pence/therm equivalent in brackets). Prices from ICE for contracts for Q2 in pence/therm in particular seem to be a penny or two better which is probably the £/$ exchange rate (see https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188706) Heren March $28.583 (213p); April $16.679 (119p); May $14.260 (102p); June $13.774 (98p), given a conservative conversion rate of volume (mmscf) to heat value (therms) – i.e. multiply mmscf by 10500 to get therms – the field would generate in total over those four months gross revenues for all partners of £17.1 million at 10mmscf/d (i.e. CPR plateau production with side track) or £8.6 million at 5 mmscf/d (i.e. CPR lower plateau production with no sidetrack). Operating expenses for full year 2022 according to CPR might be of the order of £2.3m and therefore for this period would be c. £0.6m. All of this information is already publicly available, and we stress these are presently notional numbers arrived at approxmately and that these prices are not hedged in any way and therefore might not be available come production in March etc. However whilst the final outcome may vary considerably, we and our partners do anticipate strong demand for gas in the coming years regardless of short term price effects.
3put
19/10/2021
00:03
Some board posters are saying that a side track done in November would delay First Gas by up to 3 months. This sounds like nonsense. Can you comment? Asked on 21 September 2021 No it would emphatically not delay First Gas by three months. In fact there is no reason for it to delay First Gas by any material length of time and it is certainly not in the plan that it does. We are planning to execute the limited foundation work required beforehand and move heavy equipment in both before and after the drilling programme and will be following this week’s HAZOP with further SIMOP (Simultaneous Operations) planning which will allow for sensibly risked continuous working on the site during the programme. Again this poster may have misunderstood the nature of the equipment coming onto site, almost all of which is skid-mounted and pre-fabricated for immediate tie-in to the pipework and control lines. Thus some of the equipment won’t come on until February but none of the units will require on-site fabrication beyond connection work.
3put
19/10/2021
00:03
There has been much recent comment on the investment forums about how long the sidetrack would take to drill at Saltfleetby. Certain posters have claimed that they have internal company documents that say this will take 16 weeks. Please can you let me know if this is correct or if you expect it to take a different amount of time? Also being speculated about is the volume of gas that has been hedged. It has been claimed that you have hedged 70% of 10mmscf/d and therefore the sidetrack has to be completed and everything has to run well for the project to be viable. Please could you confirm if this is correct or if the hedge is for different figures? Asked on 23 September 2021 We would be surprised and disappointed if the drilling part of the programme exceeded 28 days and the entire programme involved more than 7-10 days either side. On behalf of the Board, we have never heard or seen of any internal document which suggested we were planning for a 16 week side-track at Saltfleetby and we would challenge the poster to produce it. For that matter I haven’t heard of a drilling programme anywhere to these depths which could conceivably take 16 weeks – except perhaps on Mars, which is possibly where your poster hails from. Supplementally, one poster has pointed out that the Planning Application allowed for 16 weeks time. This is not some “internal document” which the poster only had access to, but part of an application that is publicly available. Every company puts in their application for more time than is absolutely necessary in every sphere of life. This is hardly news. We reiterate drilling to these depths does not take 16 weeks as every reasoning investor in this industry knows. The other assertion is equally bizarre and must be challenged. We have already clearly stated that the hedge was for “approximately 70% of the Company’s future gas sales …. under a conservative projection” and this was prudently set by the lenders, based, as we understand it, on their own estmates of achievable flow from the existing wells and excluding the contribution from the side track. Otherwise it would obviously not be a conservative projection.
3put
18/10/2021
23:54
Sincero, the early Jan 2021 short-term rise absolutely was a P&D special. The BBs were flooded with ramptastic clones in the two weeks just before and the volume was certainly there (peak day's shares traded was 112 million). The end Jun 2021 movement is I agree more marginal (peak day's shares traded = 29 million), but the very similar BB activity just prior strongly suggests that yes it was in fact another orchestrated P&D. As to the current one? Jury's out for me till the end of the month, but it's shaping uup in very similar fashion. The "new" IDs (except with the exact same tactics as used before) are IMV a helluva clue as to what's actually being pushed for. We'll see...
headinthesand
18/10/2021
23:24
See new Tweets Conversation DVH_Phoenix @DVH_Phoenix Now that is precisely why @angusenergyplc #gas project coming online Q1 2022 is absolutely key in providing local UK #onshore #gas processing and production capabilities #ANGS timing to bring online 5-10mmscfd is domestically vital Bring on massive re-rate in share price
johncasey
18/10/2021
22:44
Worst shorter ever ! lol
3put
18/10/2021
22:42
JT how does it feel to watch the share price go up when you have been de-ramping for months?
3put
18/10/2021
22:23
CQ: I’m not sure. He’d probably get the share price up better than His Lordship has, just by drawing in a lot of suckers. And putting the squeeze on them. He’d need four pairs of Rouser Trousers.
jtidsbadly
18/10/2021
22:03
LSE is very rampy tonight, even by my standards :) Are we beginning to get noticed?
3put
18/10/2021
22:01
Just a small town girl Livin' in a lonely world She took the midnight train goin' anywhere Just a city boy Born and raised in South Detroit He took the midnight train goin' anywhere A singer in a smokey room The smell of wine and cheap perfume For a smile they can share the night It goes on and on, and on, and on Strangers, waitin' Up and down the boulevard Their shadows Searchin' in the night Streetlights, people Livin' just to find emotion Hidin' somewhere in the night Workin' hard to get my fill Everybody wants a thrill Payin' anything to roll the dice Just one more time Some will win Some will lose Some were born to sing the blues Oh, the movie never ends It goes on and on, and on, and on Strangers waitin' Up and down the boulevard Their shadows Searchin' in the night Streetlights, people Livin' just to find emotion Hidin' somewhere in the night Don't stop believin' Hold on to that feelin' Streetlight, people Don't stop, believin' Hold on Streetlights, people Don't stop believin' Hold on to that feelin' Streetlight, people
3put
18/10/2021
22:00
Nice rise today, should see a steady increase as first gas gets closer ;-) Clotted Q is wanting a cheap entry
3put
18/10/2021
21:47
JT, I think we can both agree that even a dead octopus would still do a better job than the current incumbent surely? CQ ;-)
clottedq
18/10/2021
21:44
1347, You've just blown my cover again... we're recruiting... you'd make a good spy yourself! I think George Horatio Hamster's first call of duty should be a shake-up of the BOD, followed by a change of PR Agency. I think the latter will take care of UncleTomCobbly and all his fellow company cheerleaders don't you? We can but hope! (G)C(H)Q ;-)
clottedq
18/10/2021
21:43
CQ: I don’t think Paul is still with us, is he? 1347: the other site is utterly hopeless now. Risible. An echo chamber. I haven’t seen any mention of the 25% or so retracement in the gas price over the past few days either. Though it’s still got a very long way to fall before they’re off the hook on those hedges. If they’ve made any progress over the past few weeks, why would they not have told us?
jtidsbadly
18/10/2021
21:14
CQ Can you get George Horatio to fire UJ9/3Put/cud/whocares/echobeach etc. and all the other shills and aliases on the basis that they have been proven to be complete bores. PS. I'm a bit concerned about the new MD's initials, GHCQ, could they could get mixed up with GCHQ?
1347
18/10/2021
21:08
Is 3Put Sp-hamster-ing again... only I'm seeing the familiar WhoCares multiple boxes here again? CQ ;-)
clottedq
18/10/2021
20:16
What are the views of managment on the value of the company given its current prospects? Asked on 21 September 2021 We have argued recently for a sum of the parts valuation of nearer 3.5 pence. That may seem ambitous but at current spot and forward gas prices the cash generating potential of Saltfleetby has been grossly underestimated merely by virtue of the lapse of time snce the last CPR was done on Saltfleetby in early 2020 when the gas price was near an historic low. We are still confident of restoring value to the oil assets after the drilling results at Lidsey in 2017 and Brockham in 2018/19 and the difficulties with planning permissions at Balcombe. This process continues unabated, albeit in a slow or sometimes difficult regulatory and planning environment. Finally we believe that our venture into geothermal will come to form the greater part of the Sum of the Parts of Angus in the future and will meet with a more enthusiastic response from all stakeholders – regulatory, planning, financing and others.
3put
18/10/2021
20:16
You can ask Angs a question by submitting it on their website. They then publish the answers
3put
18/10/2021
20:15
There has been much recent comment on the investment forums about how long the sidetrack would take to drill at Saltfleetby. Certain posters have claimed that they have internal company documents that say this will take 16 weeks. Please can you let me know if this is correct or if you expect it to take a different amount of time? Also being speculated about is the volume of gas that has been hedged. It has been claimed that you have hedged 70% of 10mmscf/d and therefore the sidetrack has to be completed and everything has to run well for the project to be viable. Please could you confirm if this is correct or if the hedge is for different figures? Asked on 23 September 2021 We would be surprised and disappointed if the drilling part of the programme exceeded 28 days and the entire programme involved more than 7-10 days either side. On behalf of the Board, we have never heard or seen of any internal document which suggested we were planning for a 16 week side-track at Saltfleetby and we would challenge the poster to produce it. For that matter I haven’t heard of a drilling programme anywhere to these depths which could conceivably take 16 weeks – except perhaps on Mars, which is possibly where your poster hails from. Supplementally, one poster has pointed out that the Planning Application allowed for 16 weeks time. This is not some “internal document” which the poster only had access to, but part of an application that is publicly available. Every company puts in their application for more time than is absolutely necessary in every sphere of life. This is hardly news. We reiterate drilling to these depths does not take 16 weeks as every reasoning investor in this industry knows. The other assertion is equally bizarre and must be challenged. We have already clearly stated that the hedge was for “approximately 70% of the Company’s future gas sales …. under a conservative projection” and this was prudently set by the lenders, based, as we understand it, on their own estmates of achievable flow from the existing wells and excluding the contribution from the side track. Otherwise it would obviously not be a conservative projection.
3put
18/10/2021
20:15
I have just checked your planning statement on slide 13, It states the sidetrack duration will take up to 16 weeks as mentioned from another poster. Please could you clear this query up once and for all. Asked on 1 October 2021 As now already noted, all applicants for permits and permissions in any walk of life give themselves much more time to complete a task than is necessary. This is because of the length of time and the cost incurred in obtaining the permission in the first place. They will then advise to market, at commencement of operations, a shorter period and expect to come in on the short end of that. Reabold for instance advised six to ten weeks for drilling the West Newton WNB1 and completed in 6 weeks before moving onto the sidetrack. This was drilled to 2250 m. We are side-tracking from about 1150m to a Measured Depth (including horizontal sections) of about 3000m or 1850 metres of drilling. Nor are we doing a well test which might extend the programme, because we are moving straight from drilling into production here, so there is no need for a well test. The hardest rock in Europe gives a rate of penetration of about 3m/hour (see page 6 of hxxps://pangea.stanford.edu/ERE/pdf/IGAstandard/SGW/2017/Baujard.pdf). That would imply 600 hours here or 25 days/3-4 weeks of continuous drilling. Even assuming the drilling was no more than half of the time advised, then to drill through this much granite would be only be 7 or 8 weeks. Granite of course wears drill bits faster and there is much changing of drilling equipment when addressing such hard rock. We are not drilling through granite in Cornwall or Scotland but through sandstones, clays, coals and limestones in Lincolnshire. We anticipate 20 odd days of 24/7 drilling – so a rate of penetration of over 12m/hour (verify by page 29 of Halco’s helpful graphs on rates of penetration hxxps://www.halco.uk/wp-content/uploads/2020/06/A-Z-Drilling.pdf). Of course drilling is not the only workstream here, and even if we were to more than double the time, to suggest five to six weeks of work, we would actually expect the rig to be down inside that envelope. Things can go wrong and extend the timetable – we have always been frank about that – but this is a reasonable verifiable estimate. What disturbs me about assertions by this poster (and concert parties) – and they are hardly the first instances of obvious falsheoods deliberately spread – is that he holds himself out to be a knowledgeable investor and could have fact checked any of this with online sources in a matter of minutes. Worse still by claiming to have discovered an “internal̶1; company document he implies some great conspiracy by the Company and its Board, rather than sharing his source from the outset and pointing to the very obvious conclusion here: that people give themselves ample leeway in any official permission!
3put
18/10/2021
20:10
OK, We've settled here - at CQ household - on the name: George Horatio the 1st Hamster. We all thought some shareholders might be disappointed to lose a Lord & gain a hamster... so we decided to BIG him up a bit. He's woken up and eating again by the way... so Poundland still his preferred first focus... but I will switch the items around tomorrow to see if I get a different result. JT, Yes, Paul the Octopus was a great hit. Perhaps we can see if he would be interested in a more minor role... as Octopus's can be easily stressed I believe. Perhaps something in new business development would suit? Shouldn't prove to be too taxing a role - even for an octopus! CQ ;-)
clottedq
18/10/2021
19:49
So Horace the Hamster takes over as MD and within one day the share price is up over 15%. Need to appoint Freddy the Ferret as FD next, get those hedges sorted out.
1347
Chat Pages: 425  424  423  422  421  420  419  418  417  416  415  414  Older
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