Angus Energy Share Discussion Threads

[1347] 30/5/2022 14:56

Extremely parlous state? Nah, it's first gas on Thursday then this share will explode.

[3put] 30/5/2022 14:47

Share price is up 100% in the last six months, does that feel parlous?

[jtidsbadly] 30/5/2022 14:10

JOnny: you haven't got a clue. You must have inherited any money you put into this. You do know this is the Angus Energy site, I suppose?

[jtidsbadly] 30/5/2022 14:05

I’ve just had another look at the hedged/unhedged volumes and price assumptions in the CPR. It looks to me at roughly current gas prices as if they’d lose about £1.4mm per month overall (excluding opex) if they don’t produce any gas before the much higher hedge requirement in October. So, assuming they haven't got permission to operate the plant and drill the sidetrack simultaneously, they’ll need £4.2mm. or so, plus opex, in total to cover the 3 months until October, which should enable them to complete the drilling. The Aleph money, assuming they get the whole sum, would just about do it. So, if they can’t drill the sidetrack and flow the gas from the existing wells, it would seem to make sense not to produce anything until the sidetrack has been done. Go for broke, what? What’s the alternative?

[jtidsbadly] 30/5/2022 13:47

No answers then Jonny? Same old thing every time. Fill your boots then!

[jtidsbadly] 30/5/2022 13:11

...by the way, this is interesting to anyone who’s followed America 2030 over the past four years. There’s quite a lot on Elizaveta Lata on the internet now. It seems Captain America may not be the only one:

“From Casetext: Smarter Legal Research
Satterfield v. VStock Transfer, LLC”

[jtidsbadly] 30/5/2022 12:54

Jonny: it’s not my fault this is going down the drain. Two more days of May, then work stops until 6 June. Are some of the welders taking the nippers to Mablethorpe (or even Skegness, with all this overtime) for half term? Where’s the EA permit? Are the plant operation/emergency procedures/disaster recovery manuals all complete and up to date? When is the HSE going to review them? When will we get the answer to the sidetrack question? What will happen to the second Aleph placing if the market price is below the placing price in two weeks time? Who’s going to buy their remaining shares from the first placing? There’s still time to sell the rest of your own shares - if you know where they’ve got to.

[3put] 30/5/2022 11:55

Looks better today, 1.17 paid

[headinthesand] 30/5/2022 11:53

iceagefarmer says: "630m shares spoken for..rns just out".

Well to be factual about this, all this RNS confirms is that Forum Energy Services Ltd has got the 637 million shares as part of its SALE of its 49% interest in Saltfleetby to ANGS. It's also due £6.5 million in cash.

So this isn't anyone buying into ANGS... it's someone selling out of Saltfleetby.

It looks more and more like Aleph has already sold on 109 million of the 273 million placing shares it received to raise the first £3 million. There's confidence...

[jtidsbadly] 30/5/2022 11:38

And the IQ answers should be today. As it says on the website:

“All questions submitted before the 20th of each month will be answered by the 30th of the same month.”

Exciting, innit?

[1347] 30/5/2022 11:35

So Lucan thinks that the company value is circa £35 m now? Well just before he arrived the MCAP was £45m with no virually no debt and now it's £35 m with £14.4 m of debt, and Forum have just been given £14 million of that value. During that period he's raised over £30 million in placings and subscriptions, excluding the loans, and that excludes all the shares also issued to acquire interest and settle bills, e.g. Doriemus and Gneiss. Caution, value destruction specialist at work.

They won't make June as I prediced a while back so what happens then? They were supposed to drill the sidetrack in June as I recall. Still not seen that EA permit yet either.

As for Forrest, the TR-1 just issued indicates that they sold the remaining 12,500,000 shares they had as at 20th January 2022 and if that was done during the FSP then there should have been a Form 8.3 but even if done afterwards it should have been declared in my opininion as with them holding 49% of Poundland they would seem to be an insider in my view.

[jtidsbadly] 30/5/2022 11:31

Well Jonny, if this is super confident, I hate to think what Anguish board meetings must be like. Hence the influx of fresh shills on the other site. All hands to the pump ahead of the vote in two weeks time. Sidetrack answer tomorrow.

[sincero1] 30/5/2022 11:26

amazing how we can all listen to the interview and all interpret it a different way ..... GL sounds super confident ...hence the extra negative posting from the resident grey old disingenuous dads army ....... 1st gas and sidetrack and they all disappear , what a waste of their twilight years....

[jtidsbadly] 30/5/2022 11:07

...did anyone think it was interesting that he said the hedge contracts were not part of the loan terms? So if Anguish were to fail to meet the terms of the hedges, it would not immediately trigger the default clauses. Though I think this is largely a technical distinction - the Mercuria offshoot owning the hedge contracts would presumably seek to enforce them, which action would itself trigger the charge clauses.

What will happen re the second Aleph placing if the share price is substantially below the issue price? Mr Forrest appears to suspect the game’s up here and he’s taken some money out, at least. If Aleph are irrevocably committed to taking the second tranche, their only way out of it will be a negative vote at the EGM. Will Mr. Forrest vote his decisive 27.89% on Anguish’s behalf or on Aleph’s?

[dillydally2] 30/5/2022 10:45

Ok 24/05 was placing but nevertheless they have 27% which is huge

[dillydally2] 30/5/2022 10:44

Why is it dated 27/05 if placing was done on early may

[jason_scrap] 30/5/2022 10:41

Tr1 relates to placing. Don't get too excited lol

[iceagefarmer] 30/5/2022 10:38

now thats out of the way should start motoring...brakes off