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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% 1.00 0.95 1.05 1.00 1.00 1.00 511,711 07:46:38
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 12776 to 12799 of 12800 messages
Chat Pages: 512  511  510  509  508  507  506  505  504  503  502  501  Older
DateSubjectAuthorDiscuss
23/10/2021
17:12
HITS: I should think the OGA’s file on Anguish is getting quite thick. What about the decision not to conduct a well test on the putative sidetrack?
jtidsbadly
23/10/2021
16:06
Sudden new plans for Brockham, utterly coincidentally just one week before the latest OGA licence extension is set to expire... wonder why? This is the latest example of the desperation shown by onshore O&G micro-caps to make out that once named "assets" that have all been repeatedly proven to be drier than Gandhi's flip-flops are actually worth yet another crack... honest, guv! (Despite the additional teensy important fact that none of them have enough funds available to take yet another futile punt anywhere). No, this is all about pretending there's still life in a long-dead licence to avoid the need for said licence not being renewed and abandonment costs being required. Norwegian Blue comes very much to mind here... is the OGA still sufficiently dense to fall for this again?
headinthesand
23/10/2021
14:53
1347: I’m afraid that AAOG has drawn down the curtain and joined the choir invisible. Mr. Forrest’s activities there are a mystery to me and if he’s still hoping to make his fortune by getting his noble chums to bring Poundland to fruition for £2.5mm, that boat has sailed. And Poundland is rapidly taking on water. Yes, UKOG is further into borrowed time even than is Anguish. And Mr. Vonk appears to have been a genius compared with this lot. No wonder Jonathan was so assiduous in his support, what? Good luck with that 4p. Michael only wanted 2.4p. He must still be invested here, poor chap. Still, the memory of those one or two lusty blows must compensate to some degree, I should think.
jtidsbadly
23/10/2021
14:17
"They need to stop all this nonsense" Well that's what Lucan said he would do, he made it a 'selling pont' when he arrived as a recall. No I see no sign of the nonsense stopping, in fact I'd say it's worse now than when Vonk was around and will only stop when the FCA or the OGA or someone else with authority bring it to a shuddering halt. However they appear to be asleep on the job so that could be a while yet and I hope it will be after I can grab that escape hatch on a decent king tide. Incidentally UKOG is no better, possibly worse, so hopefully Karma kicks in for both at some point. PS: Heard anything more about AAOG and their potential acquisition of part of Poundland?
1347
23/10/2021
13:32
1247: yes, fully provided for, they said in October 2019, funds reserved for the use of, what? Then, as predicted here, they found that Lidsey should be put back in the frame in February this year, just before the publication of the September 2020 annual report and accounts in April. So the money was never actually ring-fenced, was it? And now here’s Brockham! Where will they find the money to do it? It’s a mirage. A smokescreen. Mis-direction. Legerdemain. They need to stop all this nonsense and concentrate on Poundland. Have the plant designers in Aberdeen finished the detailed plans yet? Where in the sea lanes have those part-finished compressors got to? They’ve got those rusty things with flanges all over them in Kent to fit to those nice new blue American ones, haven’t they? Have they booked a rig for SF07 yet? And lorries to carry all this stuff onto the site? Have they made a decision on the sidetrack start date? Has any work on groundworks begun at all? What’s the latest view on potential delays? I shan’t mention the hedges - they’re a separate issue and there’s little the Anguish management can do about them, other than work all day to ensure that Poundland will be on time in sufficient quantities.
jtidsbadly
23/10/2021
12:03
PS: Just took a quick look at Kansas South East, several over there are confused about abandonment provisions, don't the pom pom wavers ever read the RNS announcements and reports? Back in 2019 they made provision and reserved funds for abandoning Brockham and Lidsey (allegedly). It's like those in Kansas are supporting a team but have no idea who's in team or even what game they are playing.
1347
23/10/2021
11:56
JT Oh I see, he'll be leaving you off the invite to the Christmas ball next. Anyway, the leaflet, curious that it doesn't mention water injection isn't it? EA permission refused or just trying to airbrush that bit out? Not sure why they would go to all the cost and trouble to apply for planning permission just to reperforate a section of the well again when, without water injection, it's likely to only prodice a few BOPD per day at best. It does seem to be just another excuse not to fully write off and abandon and provide a reason for a fund raise. They have to have a rainbow and they can hardly use Poundland can they as it's now fully funded (allegedly) so it has to be Brockham and/or Lidsey given that no appeals seems to have been lodged for Balcombe? Talking of Poundland, yes I'm sure they do, but as you indicate that news is quite likely to involve further delay and/or costs isn't it? Why delay admission of those new shares for so long? Suggests to me that they may be issiung some others alongside them?
1347
23/10/2021
08:41
1347: shareholders here want news on Poundland. This latest hareng rouge implies to me they’re in for another dose of unpalatable medicine on that front soon.
jtidsbadly
22/10/2021
21:20
1347: no, oddly I’m not on their leaflet distribution list. I see that they conducted a well test on the sidetrack they drilled at Brockham. It seems to have given them valuable, though unwelcome, information. I still don’t understand how they can unilaterally vary what they committed to in the planning permission application and do no well test on the planned Poundland sidetrack. 3Put’s helpful post re the hedges has also raised some belated questions with me. The Q&A answer wording is ambiguous. The Interim MD has a gift for this - that Cambridge English degree had its uses after all, even if it didn’t leave him with the expertise or experience sufficient to distinguish Shakespeare from the Authorised Version of the Holy Bible. What?
jtidsbadly
22/10/2021
20:35
JT PS Did you get your leaflet? hTTps://drillordrop.com/2021/10/22/angus-energy-oil-production-plans-for-brockham-wellsite/
1347
22/10/2021
20:32
recent investor questions answered
3put
22/10/2021
20:32
If the sidetrack produces the extra gas, will it reduce the hedge percentage of the gas produced. Asked on 1 October 2021 Yes. The hedged amount is fixed so incremental gas is unhedged.
3put
22/10/2021
20:32
JT I think another one of 'them' has just crawled out from under it's rock.
1347
22/10/2021
20:31
Can you give more clarity regarding funding for future geothermal and other projects. Asked on 29 September 2021 Please see our latest presentation on this matter. hxxps://www.angusenergy.co.uk/wp-content/uploads/2021/09/Angus-Transition-Energies-Sept-2021-Final2.pdf
3put
22/10/2021
20:27
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
22/10/2021
20:27
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
22/10/2021
20:27
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
22/10/2021
20:26
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
22/10/2021
20:23
1347: I think “them” is the mot juste in such cases.
jtidsbadly
22/10/2021
19:58
JT I've no real idea about that combination, it's quite some time since I've tried it (but not the Lucan range you understand). I think it might suit HITS though, as he/she seems to have become a bit confused about things recently, so maybe something that ticks both boxes will work from him, or her, or it, as the case may be?
1347
22/10/2021
18:42
1347: yes, that’s the chap! Amazing how soon one forgets. He’ll have to play characters more closely in touch with their feminine side from now on, I should think. Or he could give the jacket another outing but combine it with a nice skirt from the Lucan range, might as well be hung for a sheep..
jtidsbadly
22/10/2021
18:38
JT You've lost me with the binary stuff I'm afraid, for me the jacket is either on or off. By the way did you know that there are only 10 kinds of people? Those that understand binary and those that don't.
1347
22/10/2021
18:27
HITS I certainly would not use the term good to describe not being able to pay a loan when it's due and having to stump up £110 k because of that. Actually the comparative term is better, i.e. in that it's better than having to default. However I'm not going to spend hours discussing semantics on here when NASDAQ is still open and my dancing on lines class starts soon. PS: Wrong again, not jealous at all, I could have done the same at a higher price earlier this weeek. No I certainly don't want to be you, perish the thought. Anyway it'll be 4 p by Friday, cud told me so and he's never wrong. JT Not sure which little musclebound chap you're referring to, Daniel Craig or something? Not seen to much in the way of muscles on him though.
1347
22/10/2021
18:07
1347: very amusing, or LOL as I understand is the appropriate term from the Internet argot. Both very good. Not James Bond, no. The little musclebound chap who used to play him in the films. He wore it to the London premiere. Consequently abandoned any remaining credibility as a ruthless assassin. May have cost the film’s producers a packet. I wonder if they do one in “broccoli̶1;? No, I haven’t got the confidence to wear these non-binary items.
jtidsbadly
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