Angus Energy Share Discussion Threads

[weebun] 01/4/2022 20:15

There is know way Angus is going pop the hedge would make sure of that talk about killing the goose that lays golden eggs.There is a great deal of money to be made here by the two companies the hedge the bank will just get there money plus interest.The reason why there is not a chance of any problem is if the company went in to receivership the hedge would loose everything the companies with assets would be sold as near as market value as possible the bank loan cleared the remainder would go to shareholders after cost my estimation around 200 million between the two companies at least.Time is important but more important is safety when the job is completed I am sure grace will be offered if there’s a run over the dates it beggars belief that the companies would be pushed or rushed.It’s only the negative green or greenies that are hell bent on trying to confuse shareholders why I haven’t got a clue just people with nothing else to do.

[jtidsbadly] 01/4/2022 20:14

1347: presumably Sanderson Capital Partners is nothing to do with the bloke at UKOG. This chap appears to be a one man band (nobody knows nor understands).

[3put] 01/4/2022 19:10

LondonSouthEast ;

Posts: 207

Price: 1.15

No Opinion

London South East interview with George Lucan, MD at Angus EnergyToday 17:11

We were delighted to catch up with George Lucan, who hasn't been able to do many interviews lately because of the restrictions imposed by the Takeover Panel.

What he was able to say today was: "We are continuing to be in discussions with parties." And: "The one thing I can add is that as a board we have worked so hard for this we are not about to give this away for 'a song'. We will drive the hardest bargain that we can in this environment."

Furthermore, shareholders can expect 1.5M therms of gas to be produced from May, and a further 1.5 M therms from the sidetrack well in August (51% of which goes to #ANGS making them debt free by the year end)- and Brockham is to start producing again after a two year hiatus. Please view the interview here: 

[3put] 01/4/2022 19:10

He has said before he wants it to go bust , probably part of that action group.

[weebun] 01/4/2022 18:06

Hits what do you mean if the company goes pop

[3put] 01/4/2022 17:40

What's the best case scenario?

10m per month?

2 wells + sidetrack , it is possible

[3put] 01/4/2022 17:21

That's all anyone has been saying all along

[3put] 01/4/2022 17:20

That's fair hits and if they produce more the share price could be over 10p with a modest pe

[1347] 01/4/2022 17:19

Form 8.3 just appeared, seems Sanderson Capital Partners Ltd sold 5,000,000 then bought them back at a higher price.

[shareprofessor] 01/4/2022 17:06

A very satisfactory week. The share price supports the positive momentum on site and the confidence of the board. As I mentioned , anyone claiming a pump and dump were being deceptive once again. The oddities are a stain on this board.

[headinthesand] 01/4/2022 17:03

If wishes were horses, beggars would ride.

If ANGS achieves 1.5 million therms of monthly production by July 1st, it'll be okay for three months.

It then needs to achieve 1.75 million therms of production for nine months from October 1st - and that is more than George's latest projection from the two producing wells. Therefore a successful sidetrack will be needed.

If that sidetrack is successful and doubles production volumes up to 3 million therms a month from Oct 1st, then that finger in the air valuation of "in excess of 5p" would stand.

If the sidetrack delivers less than that, that finger in the air valuation drops accordingly.

If the sidetrack is unsuccessful, then IMO ANGS goes pop, because at today's gas prices, it then has to subsidise the hedge to Mercuria to the tune of over £600k per month.

Red or black... or guess what... "how much gas and by when?"

[3put] 01/4/2022 16:27

Wow, Hits actually answered

HeadInTheSand

Posts: 4,328

Price: 1.40

No Opinion

RE: Tedious ArgumentsToday 16:04
@Jollifant, I did say "in excess of"... but yes, I do accept that's a very cautious appraisal. The more bullish could rationally argue for closer to 9p per share, should that sidetrack deliver at the levels George hopes for

[3put] 01/4/2022 16:02

This is the right question , Hits will avoid

[3put] 01/4/2022 16:01

Jollifant Premium Member

Posts: 1,596

Price: 1.40

No Opinion

RE: Tedious ArgumentsToday 15:59
HITS i know your a conservative fellow but how do you only come to the figure of 5p a share if all goes to plan here?

You said earlier today annual revenue £24m. This will increase as the loan is paid off and the hedged gas reduces. Also doesn't include oil sales from Brockham and other projects down the line,

But let's keep to the £24m figure for now and the load paid off. 5p a share is mcap of £65m. So you are assigning a P/E of 2.7?

[3put] 01/4/2022 15:41

You are worse than my bird, not been down yet

[chickbait] 01/4/2022 15:23

you said today?

[3put] 01/4/2022 14:58

This weekend

[chickbait] 01/4/2022 13:46

3.put. When are you going to upload an up to date picture of the site as promised?

[stockhunters] 01/4/2022 13:01

first gas and progress many will be caught off guard

[3put] 01/4/2022 12:58

Good post but I would also add that there has not been much debate about rising gas prices and increased volume. Either way with a pe of 5x we should be 100m mcap. I think we will see an offer around 2.2 p - 2.4 p next.


The facts are out there and if all goes to plan then £25m annual revenue is the realistic figure and paying off the debt this year also a decent possibility. Don't be disappointed with these figures, they are potentially game changing for Angs and the share price

The debate should be about progress to achieve these figures. All seems on track just now as the optimists will tell you but the pessimists point to previous failures and spread doubts. Both reasonable positions to take but the revenue argument should now be over.

ChasPB keeps posting about Balcombe for some reason. A complete sideshow just now. More compelling is the resumption of oil production at Brockham in May.

All this could of course be overridden next week by a t/o offer. Interesting times here.

[markbarker] 01/4/2022 12:58

Jt and hits can hold the side track together

[3put] 01/4/2022 11:57

Most likely these clowns

[3put] 01/4/2022 11:55

headinsand not sure why you continue to post, from what I can tell, negative posts constantly if you no longer hold? - He is a paid agitator