Angus Energy Share Discussion Threads

[headinthesand] 07/4/2022 12:25

Porky Pie #1

Shareholders CANNOT expect the production of 1.5 million therms of production from May. That represents a full month of production.

The 1st of May is 23 days away and the site isn't complete yet, first gas hasn't been reached and (obviously) dry and wet testing has not been carried out.

Porky Pie #2

Also the production from any sidetrack - if successful - WILL NOT be entirely unhedged. George has said that production without a sidetrack is hoped to be 1.5 million therms a month (as per above). The volume hedged for the 9 months starting October 22 is 1.75 million therms a month...

[markbarker] 07/4/2022 12:06

Repeat tax losses

[markbarker] 07/4/2022 12:05

Jt can you remind me of the tax losses 16 mil or 18 mil it slips my mind ?

[3put] 07/4/2022 10:40

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

[3put] 07/4/2022 10:40

"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] 07/4/2022 10:39

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] 07/4/2022 10:39

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.

[jtidsbadly] 07/4/2022 10:02

I see they're building the flare stack. Is that the flare stack they were going to finish in March (according to the 10 March update)?

[jtidsbadly] 07/4/2022 09:53

HITS: we’ll have to disagree about this. We'd have to respond to a nuclear attack with a similar measure, but there’s a difference between blowing up nuclear power infrastructure with a conventional weapon and blowing up a major city with a nuclear weapon. The higher price (if any) required for local power supply would be a price well worth paying. The confused thinking about reducing reliance on a hostile Russia by building extremely vulnerable infrastructure needs to be exposed before we invest hundreds of billions in it.

[1347] 07/4/2022 09:22

JT Nothing gets done fast in the UK (other than lining Tory pockets), they've already taken how many years to progress Hinkley Point and they can't even build it without Chinese help it seems, thus having yet another dependancy to a hostile foreign power. Shameful when the the UK used to be one of the leading experts in the nuclear domain.

As for the idea that you can solve the current energy crises by building more power stations in 10/20 years time, well only the oaf and his cabinet of cretins could come up with that, it's just an illusion to look like they are doing something. In fact thinking, joined up or otherwise, is not something the UK Gov does or is capable of doing. They're just staggering from one crises to another, like Anguish Energy really.

[headinthesand] 07/4/2022 09:14

JTids, I disagree. Just because a number of countries (and some of them potentially hostile) already have the ability to perpetrate Armageddon regardless of the type of power generation deployed does not mean that pretty much the only realistic option currently should not be taken.

Turning as many towns/villages as possible into bucolic versions of Camberwick Green is simply not a realistic option.

[stockhunters] 07/4/2022 08:53

nuclear is one of the better options imo

[jtidsbadly] 07/4/2022 08:52

HITS: to build nuclear power stations as a response to perceived Russian threats to our security doesn’t make sense. One medium sized missile hitting a nuclear power station at 7,000mph is going to destroy it and possibly a lot of its surroundings. I can’t believe the muddled, unjoined-up thinking behind this. The answer, though more expensive, is, surely, local power supply - wind power/solar units/water mills for every village, several, in different places, for towns and so on. Eight more easily targetable nuclear stations merely makes us more vulnerable to an attack from a clearly unpredictable Russia.

[sincero1] 07/4/2022 06:50

sitting by the pool enjoying a cold drink....and price still high , so obviously no pump and dump ...so anyone saying that is a bellend. ...and none of the placings predicted by the resident old grey disingenuous crayon eaters either...well that is a real surprise...not.....such imbeciles with negative agendas....the company slaps them in their old stale urine mutton chops again..... see you suckers next week....

[3put] 06/4/2022 18:29

Howey1927

Posts: 260

Price: 1.40

No Opinion

RE: Shell to make offer LSB at 5.77p for AngusToday 17:42
Gideons, no mention of smoke and fire, not in our line of business!

[3put] 06/4/2022 16:26

"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] 06/4/2022 16:26

European natural gas edged higher as traders weighed the prospect of more sanctions on Russia against currently stable flows from the country. [...] via @markets

[3put] 06/4/2022 16:26

European natural gas edged higher as traders weighed the prospect of more sanctions on Russia against currently stable flows from the country. [...] via @markets

[3put] 06/4/2022 16:25

European natural gas edged higher as traders weighed the prospect of more sanctions on Russia against currently stable flows from the country. [...] via @markets

[headinthesand] 06/4/2022 16:22

That'd be Gavin, who's been an LSE member for just 6 days and who bought in to ANGS on the 1st of April...

Dripping with credibility, I'd say - and not a day trader at all. Oh no no no... not a chance.

JTids from memory. SEL has said that its share of nett revenue (i.e. after the hedge's swap contracts have been reconciled) would be used to service its 49% of the loan repayments.

[3put] 06/4/2022 15:51

From lse

GavinM

Posts: 9

Price: 1.375

No Opinion

Shell to make offer LSB at 5.77p for AngusToday 15:26
Lock Stock and Barrel according to sources
Take it Lucan just take it

[jtidsbadly] 06/4/2022 15:12

HITS: Re the 51/49% split between Anguish and SEL, hasn’t SEL agreed that the full 100% of cash flow from Poundland, if any, will be employed in defraying the cost of servicing the loan (which would presumably include the hedge contracts) until it’s paid off?