Angus Energy Share Discussion Threads

[jtidsbadly] 25/5/2022 17:49

Weebun: it doesn’t really matter what their assets are worth (though your valuation as things stand is ridiculous). They can’t sell them without the Lenders’ approval and why would the Lenders approve a sale? The hedge would probably be the cause of their collapse so it wouldn’t matter whether the hedge stopped after they were bust. Though forward contracts are just that - contracts.

1347: you’re quite right. It’s easy to overlook that £1.4mm., isn’t it? He’s done very nicely. Thanks very much, boys.

[bobaxe1] 25/5/2022 17:39

Why can I not see rns,s I don't want to pay for something I should be getting. ADVFN will lose a subscription this November ffs

[nicosevos] 25/5/2022 17:26

UK, JUN22 147.950 / therm.= 100cubic ft....... Q4,22. 238.400

US, $9.20 / Henry Hub.= 1000cubic ft.

Debts will be paid out of cash flow!!!!
And there's going to be shed loads of cash coming in........
tmk, gla

[headinthesand] 25/5/2022 17:12

As 100% of Saltfleetby itself has been put up as surety on the loan, if ANGS did go belly up, the lenders get the field to do with what they like.

[1347] 25/5/2022 17:09

JT It's much more than £1 million, being let off that £1.4 million loan means Forum have already made that amount from Poundland, because that's where the cash came from. Then there's the £250,000 in cash on completion, then £1 million on the Inital consideration shares, then £6.5 million on the additional consideration shares then another £6.25 million deferred consideration. If Anguish goes belly up in July they still get the £1.4 plus the £250,000 plus the 91 million shares, which may have already been sold.

[weebun] 25/5/2022 17:06

Angus will not go broke or belly up as your other clown puts it if Angus went in to receivership there assets would be worth 300 million plus the share holders would make a fortune the hedge would be lost.Because a gamble cannot be registered on a company’s deeds.

[jtidsbadly] 25/5/2022 16:43

HITS: yes, quite, the acquisition by Anguish of SEL makes no difference to the prospective cash flows or to the importance of the volume of gas they manage to produce. The difference that yesterday's deal makes is that Mr. Forrest appears to have pocketed £1mm., so he, unlike other shareholders, will not be out of pocket if Anguish goes broke.

[headinthesand] 25/5/2022 16:27

The clueless still posting US gas prices, I see,

You do realise (well actually of course they don't) that the US prices gas in mmbtu (million British thermal units) which equate roughly to ten therms (which the UK prices its gas in).

Therefore you're quoting a price that shows a therm being worth 92.5 cents... or 74p. Which bears no relationship at all to UK gas pricing.

[tidy 2] 25/5/2022 15:38

Yep touching 5% up now.

[iceagefarmer] 25/5/2022 15:34

gas now record high price $9.25

[jtidsbadly] 25/5/2022 13:59

.another 20mm. at 1.05p.

[tidy 2] 25/5/2022 13:20

https://tradingeconomics.com/commodity/natural-gas

[wg818] 25/5/2022 12:48

OUCH, poor goon. I'll get the first aid kit. I'm running out of plasters.

I listened to the interview. I guess I understand why now so many filtered goon posts are appearing.

[jtidsbadly] 25/5/2022 12:46

A conversation is a two-sided thing where people discuss things and reply to the points their interlocutors raise. So a reply to a question would be nice for once, Jonny. Don’t worry about the Tourette’s, I don’t mind your foul language so much now I know what’s causing it, just go for it.

[jtidsbadly] 25/5/2022 12:35

And when, Jonny, are we going to see him take on the gorgeous pouting Catherine? And Malcy? And when are you and your boiler room chums going to vote that IQ up? You need to get on with it.

[jtidsbadly] 25/5/2022 12:32

Confident, Jonny? Have you listened to it? The poor man sounds as if he’s very short of sleep. A good thing he had his talk prepared, and was allowed to read it out, what?

[headinthesand] 25/5/2022 11:40

I see that someone's asked a literally ridiculous softball IQ about the level of confidence the company has in the still to be attempted (and utterly crucial) sidetrack.

Seriously? I wonder what they think George will reply? "Honestly, it's a coin flip and history is firmly against us, but hey, we live in hope", maybe? Hardly...

Instead, any answer is bound to include "...expects...", "...is targeting...", "...continues to aim for...", "...confidently estimates..." etc etc.

Far more interesting is the earlier IQ about whether a permissible way of attempting the sidetrack without suspending production has been found.

A revised schedule for the latest sidetrack attempt would also be useful. There's only 4 months and 1 week before October 1st, when the hedge volumes increase beyond ANGS's own projections for non-sidetrack production... and they've not even reached first gas yet...

[jtidsbadly] 25/5/2022 11:26

Re tax losses: Anguish is selling all its gas to Shell. Then they have to meet the requirements of purely financial forward contracts, or ‘swaps”. On what are the tax losses offsetable? Presumably not on revenues minus losses on large bets in the forward markets? I ask, because if they’re offsetable only on the difference between revenue and production costs, they’ll be used up in no time, won’t they? Assuming Anguish get as far as significant gas sales.

[jtidsbadly] 25/5/2022 11:16

...you chaps need to vote it up, Jonny.

[jtidsbadly] 25/5/2022 11:14

Jonny: they’ll doubtless use this question to sidestep the earlier and more interesting one on the sidetrack. There can be only one interpretation if they do this, what?

[sincero1] 25/5/2022 10:44

an excellent question posted on the Q&A "Can the company reiterate what confidence it has in the success of the sidetrack."

hopefully the reply will finally stop hits going on and on and on and on about it ....