Angus Energy Share Discussion Threads

[3put] 11/4/2022 11:52

You told us you sold out at 1p HITS , is that a lie?

[headinthesand] 11/4/2022 11:40

It's all a bit tragic.

[headinthesand] 11/4/2022 11:40

The shills are a bit upset at that spreadsheet screenshot I posted next door, because they simply cannot handle very simple and very obvious mathematical facts.

To paraphrase Jack Nicholson... "The truth? They can't handle the truth!"

And the levels of ignorance from others on what the hedge actually signifies in terms of contractually guaranteed revenue share for Mercuria is frankly scary.

[headinthesand] 11/4/2022 10:58

I'll guarantee you categorically that I will not be buying back in.

It's red or black, because a successfully drilled sidetrack is literally crucial.

Feel free to argue with the basic maths...

[shareprofessor] 11/4/2022 10:50

Stockhunters it is obvious that the oddities are floundering. They were predicting a massive dilution , total deception of course. Consider using the filter button, I use it and it is bliss.

[stockhunters] 11/4/2022 10:28

keep an eye on headinthesands posts as you will know when he has bought back in

[headinthesand] 11/4/2022 09:54

I never said they'd do a huge cash raise? In fact, I didn't predict one at all (though I did predict the very obviously telegraphed early Feb one). I honestly didn't think George would have the sheer front to be that shameless and run the same tired old schtick yet again.

I was wrong. I should have suspected some sort of raise, following George's ridiculously exaggerated interview with LSE and heavily increased shill activity next door...

But £675k to keep the lights on until gas is allegedly going to be produced, when they only just raised £1.4 million for the exact same purpose 2 months ago? Something doesn't add up. Either current cashburn is much higher than thought or gas production is further away than is being claimed.

That's £2.5 million of new ANGS confetti issued in just the last 9 weeks...

[stockhunters] 11/4/2022 09:40

IUS gas just hit decade highs btw

[jtidsbadly] 11/4/2022 09:36

I’d be a bit worried about the Interim MD’s air of extreme disappointment in not getting an offer of any kind for anything by this stage. If you’ve got only SEL and AAOG in your data room now, it’s hard to see a firm bid coming for any part of Poundland, what? Why don’t shareholders understand that in this placing, another 5% or so of their interest in Poundland has been sold for 1.1p? Does the Board think that this is good business? If so, I’d like to see their arithmetic. It could well be that the placing money will go in defraying increased costs of finishing and transporting the remaining skids. There will be another one before June, in my opinion.

The need, apparent from this statement today, for a sale of all or part of Poundland is the crucial point. They weren’t looking for buyers to realise part of the true value of the asset. They were looking for money to complete it and to pay their salaries. It appears that they can’t find any money at any kind of premium to the current share price. The two remaining entities in the data room have now had three months to go through the data on a prospect that the Interim MD has said is not all that complicated. And now the gas price is looking a little wobbly.

[shareprofessor] 11/4/2022 09:08

The market is the barometer. Clearly the outlook is positive. My filter will be busy today, beware the duplicitous malarkey from non shareholders.

[headinthesand] 11/4/2022 09:08

...and just because I took two minutes to knock this spreadsheet up the other day, here's exactly why a successful sidetrack is absolutely critical to ANGS.



If people believe that George can get a full 1.5 million therms of production out in Jun 22 (no chance), feel free to add that extra revenue.

And if people believe that a) the sidetrack will be successful in doubling production (who knows?) and that b) even if successful, it will kick in before Oct 22 (next to no chance), feel free to add that extra revenue too.

Also feel free to play around with the price of gas if wished.

Regardless of the above, you cannot argue with basic maths. - a successful sidetrack is very clearly absolutely critical. To make the point blindingly obvious, just look at ANGS's share of gross revenues from Apr 23 if one isn't successful.

[3put] 11/4/2022 08:59

George Lucan, CEO, commented:

"The focus is now away from skid delivery to installation with the aim of having the site ready for commissioning during April and producing during May. The present gas price forward curve shows very high average prices of over 400 pence per therm for 2022.

In fact, gross production, of which we have a 51% share, solely from the existing wells and which is wholly unhedged for the month of June, is expected to yield 1.5 million therms or gross revenue of £7.2 million at today's forward price for that month alone.

Gross production solely from the side-track, should it be successful, is again wholly unhedged for the remainder of the year and is expected to yield a further 1.5 million therms each month of which Angus share is 51%.

The forward curve remains very high and seems likely to remain high this year and the company is more than anyone else acutely conscious of the need to preserve our timeline in order to provide value to shareholders whether through revenue sales or corporate action."

[headinthesand] 11/4/2022 08:55

The company has since corrected the wildly exaggerated info in George's pre-placing love-in interview with LSE and has now stated that gas production won't be achieved until JUNE AT THE EARLIEST.

So... CATEGORICALLY NO 1.5 million therms to sell in May, then. That was about as accurate as George's similarly timed nonsensical statement that "1.5 million therms = £7.2 million revenue".

And I don't think there's a cat in Hell's chance of getting a full month's worth of production out in June either.

And then the hedge starts from July 1st...

ANGS has in the last two months alone raised £2.5 million by issuing confetti... what happened to the £1.4 million raised in early February then?

The only two possible conclusions are:-

A. Either current monthly cashburn is hugely higher than we have been led to believe.

B. Or incoming revenues from the gas field are farther away than the company has led people to expect.

[3put] 11/4/2022 08:20

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] 11/4/2022 08:20

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] 11/4/2022 08:20

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] 11/4/2022 08:19

"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] 11/4/2022 08:19

Market likes it

[gaffer73] 11/4/2022 08:17

SEL owe half the loan though.