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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
  0.00 0.0% 0.775 0.75 0.80 0.775 0.775 0.78 3,063,876 08:00:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.1 -2.5 -0.4 - 7

Angus Energy Share Discussion Threads

Showing 20151 to 20173 of 21650 messages
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DateSubjectAuthorDiscuss
28/7/2021
12:44
He actually said "first gas hoped for by end of this year" (or words to that effect). Given George's jaw-droppingly poor track record of accuracy when coming to giving estimates on time (and also funding) needed, I'm personally taking that with a wheelbarrowful of salt. Especially reading between the lines of more recent information. But actually, although first gas is (obviously) an essential milestone to pass, in and of itself, it's pretty much irrelevant. Literally the only questions that matter re Poundland (and thus re ANGS as a whole, because ANGS is nothing more than Poundland, despite puff and nonsense from the company in efforts to pretend otherwise) are:- What will be the quantities of gas that the site can be made to produce? Will they be enough to cover production costs (fixed, variable and debt-related)? Is having any chance of getting to a commercially viable level of production already known to be entirely dependant upon the successful drilling of a sidetrack? I personally don't believe we'll discover the genuine and independently verifiable answers to any of the above questions - which let's not forget are all literally future-defining for ANGS - until late Q1 next year at the earliest... and much more likely not until well into Q2.
headinthesand
28/7/2021
12:26
Anyone have a revenue prediction if we did get going Q1 @ £1 a therm?
ultimatejustice9
28/7/2021
12:22
Although George would need to update the market if any timelines slipped. He stated in his most recent interview that first gas would be Q4. Incentive is there as its close to £1 a term just now , lets see
ultimatejustice9
28/7/2021
12:18
JA51: yes, the hedges start in July next year for precisely that reason. Anguish had better get its ducks properly in a row, because if the hedges are forward sales contracts at 43p. on 70% of their production, any shortfall in the 70% will have to be met by gas purchases by Anguish at the prevailing price. I keep saying this, I wish someone would tell me why I’m wrong.
jtidsbadly
28/7/2021
12:09
UJ9 The latest guidance was that the sidetrack will be drilled in the spring and take 16 weeks. With production halted whilst the works are carried out. They will also need to install the second compressor and commission it. The updates promised on Twitter have failed to materialize and so it's safe to Assume timelines as per usual have slipped. Wasnt the dewpoint control due this month for example, as where groundworks?... They haven't even finished the "3 week works" pipeline that was started on October the 8th last year...Again a month late and was still being worked on until the end of January until it was abandoned. (presumably due to lack of funds?) What happened to the detailed timeline they promised to release in July with the guidance? GL has more or less told us not to expect Gas this year, and if the Alleged E-mail is genuine, he is bracing the recipient for delays on vital equipment. The hedge starts in July for a reason.......That's as it's a more realistic timframe!
ja51oiler
28/7/2021
11:43
jtisadly - you are wasting those " twilight years ".... get a hobby ... tragic....
sincero1
28/7/2021
11:36
Re my question, above, on the £2.3mm rise in intangible assets: I’ve looked at the recent annual accounts of Angus Energy plc. The sum appears to be the same as the additions in note 12 to those accounts, where it appears to refer mainly to the Poundland sweetener from Wingas. But this should have been in the previous year’s accounts, surely? And why would it be an addition to “exploration assets” in the plc accounts, but to “intangible assets” in the AEWB3 accounts? I don’t understand this. I’m no accountant.
jtidsbadly
28/7/2021
11:24
jtisadly & ja51"contractvoid"oiler posting like crazy this morning....absolute desperation being shown and all completely pointless......" twilight years , get a hobby " ...
sincero1
28/7/2021
11:08
No need to be careful imo, a higher gas price is exactly what we need. If gas flows from Q1 then we get 100% of benefit until the summer then 30% of it thereafter
ultimatejustice9
28/7/2021
10:59
cantrememberthis2: I’d be careful about assuming that a higher gas price is necessarily good for Anguish, in view of the fact they've hedged 70% of their expected production at 43p from July 2022. What do you think will happen if: - they don’t get gas flowing at all before July 2022? - they get insufficient gas to meet the 70%? An unsuccessful sidetrack would be likely to result in one of the above.
jtidsbadly
28/7/2021
10:56
UJ9 Investor question page. HTTPS://www.angusenergy.co.uk/media/investor-questions/
ja51oiler
28/7/2021
10:51
JA51: I’ve raised a question re this to their email address, to which they've replied that they’ll respond soon.
jtidsbadly
28/7/2021
10:48
Hitting 100p levels Yes the output price of gas HTTPS://mobile.twitter.com/DeepValueHunte1/status/1420319425991950338
cantrememberthis2
28/7/2021
10:34
JA51: I shall do so. Meanwhile, what do you think explains the rise by £2.3mm in “intangible221; assets? If they don’t propose to file the complete financial statements (of which the notes to the accounts form an integral part, as described in the auditor’s statement) one would expect shareholders to discern a ratty smell, what?
jtidsbadly
28/7/2021
10:32
Badly They've reduced expenditure by a large amount,- where do you see that ?
ultimatejustice9
28/7/2021
10:31
How do you send a question to the BOD?
ultimatejustice9
28/7/2021
10:21
I have just reported it to CH. You may want to do the same. There is a blue box at the bottom of the page to report mistakes.
ja51oiler
28/7/2021
10:14
JA51: it happens to me all the time! They've reduced expenditure by a large amount, somehow. I suppose they didn’t do much in the year to September last year, the work began in October. And the finance costs, Directors’ salaries etc., club fees, are presumably paid by the plc. Are the missing Notes to the Accounts (which are part of the Accounts) going to be released, do you suppose? Or is this redacted document all that shareholders are going to get?
jtidsbadly
28/7/2021
10:03
Sorry JT I missed your post. What an absolute farce! So we cant see if that £400k rent cost That appeared last year has been reduced! Didn't they promise to reduce it by moving out of Chiswick?
ja51oiler
28/7/2021
10:03
I see on the other site they’re still sending in questions about Directors’ share purchases! Here’s a far more important one that they might like to consider: “Shareholders will have noticed in the incomplete AEWB No.3 Accounts published today that there is no mention of Mercuria. The two Aleph companies appear to be the only lenders. In the 24 May charge document, there is, similarly, no mention of Mercuria and the expression “chargor”; is left undefined. Would you be good enough to clarify for shareholders the current position of Mercuria as a lender to the Saltfleetby partners?”
jtidsbadly
28/7/2021
09:56
JA51: I’ve had a quick look again at the 24 May “charge” document on the Companies House site. In “definitions” at the start of the document, I can’t see a mention of the “chargor”;. I can’t remember whether I saw one two months ago. So, if this is the case, Mercuria is not mentioned in the document. I can’t believe we all merely assumed they were the chargor? What’s going on?
jtidsbadly
28/7/2021
09:43
Seems some pages are missing also?......How convenient!!!
ja51oiler
28/7/2021
09:40
Angus WB3 Accounts are out...Funny Mercuria has disappeared as lenders!! Just 2 Aleph companies now?? HTTPS://find-and-update.company-information.service.gov.uk/company/SC055329/filing-history
ja51oiler
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