Angus Energy Share Discussion Threads

[3put] 06/4/2022 08:19

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] 06/4/2022 08:19

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: hxxps://youtu.be/AXgCtePbShc

[burtond1] 06/4/2022 08:05

All aboard the Angus Express say @TMSreach "...All of which leaves companies with gas projects ready to go, like Angus Energy, in a strong position to meet demand, right now. After several dry years frustrated by planning setbacks the company seems set to spark into life this summer as production gets underway..."https://total-market-solutions.com/2022/04/angus-energy-plc/

[jtidsbadly] 05/4/2022 23:12

...and no, I’m not at all surprised that all the agenda items were approved. The issue for investors here for the rest of this year is not dilution, it’s Anguish’s survival. If a number of share issues enable the company to get past July and drill a successful sidetrack, shareholders will be better off than if the company falls into the hands of its lenders. So will the Directors.

[jtidsbadly] 05/4/2022 23:05

HITS: I think Anguish’s remarks on the hedge contracts may have confused people. They are purely financial contracts. The gas is going to be sold to Shell. It’s the practice in the derivatives markets for commodity contracts settled in cash to be referred to as “swaps”. All they are in this case is a number (36) of monthly forward sales contracts settled for cash. I realise you know this but there will be lots of inexperienced investors who are confused by the wording.

The closing price of gas in the London market today was 236p. It’s down from 300p in about five days.

[headinthesand] 05/4/2022 22:30

I've laid out revenue expectations for ANGS in the event of both a successful and an unsuccessful sidetrack next door in idiot proof terms (the ramptastic squad hate facts of this type).

Separately, anyone else surprised at the AGM granted authority to issue over a billion new shares???!!!

[1347] 05/4/2022 21:16

JT The legalise around these charges can be difficult for the average investor to fully understand, I accept that, but the salient terms and implications of them are fairly clear. Hedging can also be a bit complex, but again it's not that difficult to figure out the implications.

However I have no sympathy with those that I know have been around some time and have had things pointed out to them yet are too stupid to comprehend the basics or simply pretend otherwise to suite their own ends or, in some cases, are just shills or City barrow boys, although it can be difficult to work out which are which.

Yes I'd expected more confetti to be issued before the AGM to use up some of the existing authority, leaving them lots of headroom after the AGM, but nevertheless further dilution is nailed on, one way or another. Careful tight bend ahead.

[jtidsbadly] 05/4/2022 20:04

1347: yes, I agree with all of this. Anguish and their advisers have made a good job of organising this ramp, though. I’m surprised that the people with large holdings in these RNS’d forms haven’t exercised some of their in-the-money options/warrants.

It’s perfectly clear that the Anguish management would not have put the company up for sale if they were confident that they can complete the project in time to meet their financial obligations (including the hedge contracts). In view of the Interim MD’s record of missing every target and every forecast, it’s a mystery why anyone places any reliance in his latest verbal offerings. The preference of at least two insiders with large holdings to accept the absurd Sound “bid” or to sell their shares tends to support the sceptical view.

Mind you, the whole of what you refer to as Kansas has had, and continues to have, difficulty in understanding the hedges and the Charges - and it’s nearly a year since they were outlined. So maybe people in the data room are having equal difficulty. And they’ve probably got access to the Facilities Agreement, which is probably another layer of complexity. But I don't expect a cash bid from anyone, and why would Anguish shareholders accept Sound shares at this point in the two companies’ projected fortunes? There's a share issue on the way, and it must be soon.

[1347] 05/4/2022 19:04

HITS From what I've seen and those I've had dealings with it seems certain public schools are churning out an awful lot of dim, arrogant, shysters that have an overrated opinion of themselves, yet hardly ever get held to account for their incompetence and disingenuity. It's no wonder so many end up in politics or the civil service. The current Tory party is rammed full of them, led by the oaf Johnson. On that topic, sadly I see all the resolutions passed today, I was rather hoping to see the back of some, preferably all, of the Anguish BoD.

JT I've suspected from the start that this whole FSP thing was contrived, this is what was stated on 17th January 2022:

"Angus is not a large and complicated group and the Company does not envisage an extended period of time will be necessary for the Parties to complete due diligence, other than that involved in familiarising themselves with the documentation details of the £12m Saltfleetby Gas Field Development Loan Facility (the "Loan") and associated security arrangements and gas sales hedge ("Hedge")."

So two and a half months later no other offers, some that are backing the Sound bid are selling down it seems, additional authority to issue more Anguish confetti, Poundland still slipping right. Another tight bend on Snake Pass coming up I expect.

[3put] 05/4/2022 18:02

ocelot

Posts: 17,537

Price: 1.45

Strong Buy

request to reduce French electricity usage on MondayToday 15:43
France’s electricity grid manager asked businesses and households to cut consumption as a cold snap pushes demand higher at a time time when around half of the country’s nuclear reactors are offline.

RTE requested that households run dishwashers and washing machines over the weekend rather than on Monday to help reduce the load and requested that businesses moderate electricity usage between 7 a.m. and 10 a.m. local time that day, according to a statement on the company’s website. It said it doesn’t expect any power cuts... (Bloomberg)

They think they should be alright, this measure is precautionary.

[3put] 05/4/2022 18:02

"Trader Makes Lottery-Ticket Bet on U.S. Natural Gas Doubling to $10"

hxxps://uk.investing.com/news/commodities-news/trader-makes-lotteryticket-bet-on-us-natural-gas-doubling-to-10-2617844

[3put] 05/4/2022 18:01

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: 

[jtidsbadly] 05/4/2022 17:26

HITS: I don’t think it’s limited to the upper classes but you’d think they’d know better, wouldn't you? Noblesse oblige, don’t you know? What?

[headinthesand] 05/4/2022 17:10

There just may be a certain type of member of the upper classes that permanently lives in a dream world of self-deluded entitlement and privilege, where nothing will ever go wrong and where unpleasant inconveniences such as reality, transparency, an obligation for accuracy and the laws of consequence are to be entirely ignored.

Having to deal with those sorts of things is rather beneath one and thus something best left to the hoi polloi, what.

Whether the above is in any way relevant to any AIM CEO is something for others to decide upon, natch. I personally couldn't possibly comment one way or the other.

[jtidsbadly] 05/4/2022 17:07

What’s happening in the data room? When is any of the other five interested parties going to express an interest? And why is the data room in Chiswick? He promised shareholders they were going to move out of there and save the rent 21 months ago. It’s time Malcy reminded him of the content of that interview, what? “A decent cash float.” “No need to go panicking to the market for money.” “First gas some time round New Year [2020].” He said they’d finish the pipeline in October and then bring the “chunky bits of kit” onto the site and start “stitching them together”, to finish the work in Q4! Was he making it all up or did he really believe any of this?

[jtidsbadly] 05/4/2022 16:08

Shareprof: a couple of issues with that. Sound hasn’t got cash to offer Anguish shareholders. And their share price has just been ramped up to 2.3p again, from 1.3p, as it was before the “bid” in January. So Anguish would be offered a few more over-priced shares with no cash alternative, if a new “bid” were to emerge from Sound. Not a very attractive proposition, is it, if you believe all the guff offered up by the Interim MD last week? Insiders appear to be piling out of Anguish. And why’s Anguish been put up for sale if it’s all looking so good for end-May?

[shareprofessor] 05/4/2022 15:50

George Lucan did say that the board valued the assets at circa 3.5p. Added to his comments in the recent interviews, it is credible to suspect that this figure is very much in the mind of the board.

[3put] 05/4/2022 14:07

HeadInTheSand

Posts: 4,364

Price: 1.375

No Opinion

RE: SOU share price rocketToday 12:05
Would people be happy with say even a 2p all-confetti offer from the likes of SOU anyway? One would think not


- Absolutely not, I would be furious. George has said sum of the parts north of 3p

[3put] 05/4/2022 14:06

Rumour in the SOU telegram group that 1.9 has been offered. Hopefully we reject that straight away

[shareprofessor] 05/4/2022 13:35

The share price remains high. This is clearly
not a pump and dump. There has been no dump, anyone bleating this is has cognitive issues or is practising in deceptive malarkey.

[ja51oiler] 05/4/2022 10:01

Sound back up to 2.35......Maybee, the offer is still on the cards?