Angus Energy Share Discussion Threads

[1347] 23/5/2022 18:58

JT You missed out disingenious in your list of their attributes, please be more diligent in future. From what I see today though Floreat Etona may be wilting somewhat, both on the Chichester Road and in Downing Street where the Etonian chief oaf lives.

[jtidsbadly] 23/5/2022 18:43

3Put: so you concede my point. The existence or not of incompetent, indolent, over-compensated people running other AIM companies is hardly relevant, is it? If you’re saying the Anguish Board is no worse than others, you may be correct, I don’t know, I don’t claim knowledge of them. Companies run by incompetent people are best avoided. You might as well buy a lottery ticket.

[jtidsbadly] 23/5/2022 18:33

Jonny: I’m being nice to you because I think you may have Tourette’s. Presumably you have nothing better to do than post revolting remarks on this board. You and your team of ignorant vulgarians studiously avoid debate on any fundamental matter as regards Anguish. You give no evidence of knowing the first thing about the company. Are you part of the management (non-Board)?

[3put] 23/5/2022 18:19

3Put: “fail at every stage”. Perhaps you would suggest something on which you think they’ve succeeded?

- there are 1000s of big engineering projects that have gone over budget or faced delays. Why pick to bash Angs 24/7?

[sincero1] 23/5/2022 17:51

hits why don't you just post " please drop to below my 1p sell price so i don't look a complete tit" instead of all these paragraphs and paragraphs of embarrassment. we all know why you still post here kiddie....

[jtidsbadly] 23/5/2022 17:44

3Put: “fail at every stage”. Perhaps you would suggest something on which you think they’ve succeeded? It’s been a catalogue of missed timelines, constant delays, massive cost overruns and tardy reporting of these to shareholders. They took a punt a year ago on their ability to get the plant producing in time to meet the hedge requirements and the debt service costs and it’s not looking promising, is it? The difference this time is that the potential losses are too big for shareholders to be expected to bale them out. Yes, they’ve failed at every stage, even with a gas price four times higher than when they took Poundland off Wingas’s hands three years ago. You’d think that would be hard to do but they've found a way.

[headinthesand] 23/5/2022 17:30

Just a week to go till full production start and "transformation" for ANGS (according to his Pinocchio-ship anyways). How exciting!

But apparently not exciting enough for ANGS's major 12+% shareholder who has just decided to exit entirely (for whatever reason) just on the very point of this share allegedly multi-bagging.

I guess that - as it has very clearly shown by voting with its feet - GP Jersey simply didn't want to be in it over this coming (or any other future) weekend...

What crazy fools, eh? What do they know anyway?

[wg818] 23/5/2022 16:48

Sincero1 I will go and get the first aid kit for the goons. How did I guess they would take the bait? Easy, when dealing with idiots, it is just a lesson of show and tell.

[3put] 23/5/2022 16:41

JT said they would fail at every stage, he is never going to change his tune. We could he sitting with 20m in the bank from thr sidetrack and he would say that's a problem because if the bank went bust we would only get 75k back etc

[wg818] 23/5/2022 16:33

Goon filtered posts have appeared. Again a little naughty of me but these thickos need to learn.As I have said you can't cure stupid, sometimes you just have to show them in the hope they will learn.

[jtidsbadly] 23/5/2022 16:06

FalseWG818: why then did you choose WG818’s ID to churn out your nonsense on here? You should read and learn from him on the other site. I see that no one over there wants to discuss the details in his posts. Anguish are late with the work at Poundland. You need to admit it. Frazer has.

[3put] 23/5/2022 15:19

Yes, a very tidy profit

[1347] 23/5/2022 15:09

Did some calcs on the best estimates for VWAPs, Frazer et all would have made a tidy profit on what he bought then sold Anguish shares for. I've no problem with that but it does seem to be easier to do that if people open gates to let stale bulls out a la Labrum Mark II, what, what.

By the way, does anyone know what the total oil storage capacity is at Brockham?

[jtidsbadly] 23/5/2022 14:58

They’re now speculating that Anguish will get a bid for Poundland once gas is flowing. But if they do, they’ll be lucky just to clear the debt. Then they’re left with what the Interim MD has referred to consistently as “legacy assets”. And if he were to buy something else, he’s already proved he doesn’t really know what he’s doing. If he gets out of Poundland with the debt paid off, it will be due solely to a fantastic rise in the gas price that neither he nor anyone else was expecting. That kind of luck is hard to replicate. And any sale depends on Mercuria’s say-so.

It looks like an extremely slow motion wreck, doesn’t it? Or pass the bomb with a very long fuse.

[chickbait] 23/5/2022 14:54

Don't shoot the messenger.


So the link below was kindly posted by JA51OILER last Friday 20/05/2022 re the hydrotesting and got my attention:







So after looking at the planning permission for Saltfleetby at the bottom it says Hydrostatic testing. On the Twitter feed today it said Hydrotesting which led me to believe this may be the wet commissioning as this is due.

Apparently not.

So lets make an educated assumption that hydrostatic and hydrotesting are both one and the same and only commenced this morning 20/05/2022 we can do some calculations on completion dates:

So the August 2020 planning application says that the hydrostatic/hydrotesting was due to commence: 19/10/2020 and be completed 10/11/2020

This would take 16 days Monday to Friday not including weekends and bank holidays.

If we now use today as the start date: 20/05/2022 and apply 16 working days without weekends and bank holidays then the planned completion date will be: 13/06/2022 as the Queens jubilee is a 4 day bank holiday.

Now lets look at commissioning. From the August 2020 planning application commissioning(WET)commences the same day that the hydrostatic/hydrotesting is complete. 10/11/2020 and planned to be complete early 2021 so lets be generous and say 04/01/2021

This would take 36 days Monday to Friday not including weekends and bank holidays.

So now if we add up the the amount of working days to complete the works from the August 2020 planning permission to todays date then this when I calculate the earliest date for first gas at Saltfleetby will be 29/07/2022

Commence hydrostatic/hydrotesting 16 working days 20/05/2020 Completion: 13/06/2022
Commence commissioning(WET) 36 days 13/06/2022 Completion: 29/07/2022

I am sure I have got this completely wrong as the date GL gave for first gas is the 1st of June.

If anyone thinks I have got any dates and timescales wrong working on a best case scenario then please feel free to correct me. (These are figures I have used from the Angus August 2020 planning permission document and there may be an updated one which I am unaware of?

If my figures are correct then the earliest for first gas will not be the 1st of June but the the 29th of July 2022?. (Also, please note that on the commissioning document it only said early 2021 so you make of that what you want?

I'm assuming first gas is when everything is linked up to the gasline and producing?

Look forward to being corrected..

[chickbait] 23/5/2022 14:49

They are still welding. When are they going to start wet commissioning. They must be doing the hydro testing in stages prior to wet testing?

[john henry] 23/5/2022 14:48

No idea but the volume Friday and todays tells me there's still a large seller presumably an institution with a decent % holding

[jtidsbadly] 23/5/2022 14:35

Judging by the latest Twitter contributions, Anguish are some way off first gas. Where are the gas engine generators?

[3put] 23/5/2022 14:33

Still a large institutional seller clearing out

- Who?

[idriveajag] 23/5/2022 14:32

UKOG looking good:- Loxley approval expected early next month - The UK's second largest onshore gas field. Will immediately revalue UKOG to £100m +. - Horse Hill water reinjection recently allowed, so reducing costs; and planning to increase the number of producing wells, meaning higher revenues.- Turkey drilling ready pending receipt of rig costs. Transformational potential.- Assessing other potential sites abroad, including in the US, with potential to add revenues and reserves this year.- Broadford Bridge two year extension just allowed and expect to convert to geothermal.Buy UKOG while they are cheap.