Angus Energy Share Discussion Threads

[headinthesand] 13/6/2022 11:17

I have said that 3Put... because it would be true with a successful and production-doubling sidetrack delivering a consistent 3 million therms a month from Oct 22.

The question remains... can ANGS achieve it?

[sincero1] 13/6/2022 11:07

hits nothing accidental about what i write ... still time to buy in ... you know the slap in the mutton chops is coming ....

[3put] 13/6/2022 10:54

HITs has already said 100 million over 3 years with a successful sidetrack

[3put] 13/6/2022 10:54

Morning everyone

[headinthesand] 13/6/2022 10:51

With choice accidental irony, Sincero clearly "notices" a post I've made.

More to the point, why would anyone ascribe a single wisp of credibility to anything George may say, after his literally undeviating record of broken promises, missed deadlines and wildly wrong estimates?

[tidy 2] 13/6/2022 10:08

Poor chap. Lots of fresh air outside go take a deep few breaths. You dont hold shares it doesnt effect you.

[sincero1] 13/6/2022 10:07

hits remind us...you are a non shareholder right? sold at 1p at a loss right?

what makes you think anything you write is taken notice of?

are you a narcissist?

[headinthesand] 13/6/2022 10:01

George's oh so reliable words...

like...

"£7.2 million of revenue to be produced from Saltfleetby in June before the hedge kicks in"

[tidy 2] 13/6/2022 09:29

Thanks for another long post from your Angs Cell. June 27th maybe couple of days sooner or later. George's words.

[headinthesand] 13/6/2022 09:26

News of first gas is now pretty much entirely irrelevant. ANGS has missed the chance of delivering any meaningful volumes pre-hedge.

News of full production - and that full production from the existing wells a) startign by July 1st and b) matching George's hope of 1.5 million monthly therms... now that might well have a reasonably positive effect. Though less of one than before, because there'll be over 2.5 billion shares in issue by the end of June.

The big one is of course the sidetrack. Without a successful production-doubling one kicking in by Oct 1st, ANGS will make net losses out of Saltfleetby over the next three years - and the share price will reflect that. With one? I'd guess between 3 and 4p (I had estimated higher before, but that was before George doubled the shares in issue, took on the entire Saltfleetby debt and other liabilities and agreed to pay a further £6.25 million out of gas revenues to fund the SEL acquisition).

[sincero1] 13/6/2022 09:09

tidy2 , i can forgive hits ignorance , its only because he is bitter to have sold at 1p.
all these resident grey old disingenuous crayon eaters were predicting the company would go bust way before ever getting anywhere near 1st gas.....

what bellends...

[tidy 2] 13/6/2022 08:50

HITS Back in the Angs BB prison Voluntary prison for the resident non holder What a "life"

[sincero1] 13/6/2022 08:48

hits what price when successful sidetrack rns lands?

[sincero1] 13/6/2022 08:47

morning hits...that 1p sell at a loss still stings i see....
what price on 1st gas rns ? what price once that news reaches the wider public via tv news ?

[headinthesand] 13/6/2022 08:42

Nobody's stated first gas wouldn't happen.

The MUCH asked question remains... how much gas and by when?

The "well-researched and genuine" investors have hung on every word of George's, including such gems from this year alone as "first gas by end of Q1" (Bzzzzt... complete over-optimism and totally wrong) and "£7.2 million of revenue from pre-hedge production in June" (Bzzzzt... complete over-optimism, not even possible when he said it and again totally wrong).

ACTUAL well-researched posters are not in the least surprised that George hasn't got to first gas yet (let alone full production), with just 17 days to go before the three year hedge kicks in. Come what may, at current July 22 gas pricing, ANGS owes Mercuria £1.25 million in July - that's over £40k per day - irrelevant of whether they produce any gas or not.

We're at the first of two long-predicted sharp ends now - the other beign Oct 1st - and there's no more wiggle room or leeway left, because ANGS has used it all up. Which is somewhat concerning, because historically ANGS always needed plenty of that.

[sincero1] 13/6/2022 08:14

all well researched and genuine posters have expected 1st gas. all the disingenuous deceptive duplicitous nimbys , activists and bitter investors have continually stated it wouldn't happen...how very very humiliated and exposed they are.

[idriveajag] 13/6/2022 08:12

Small cap stock SENX about to blow.

Company already profitable and has cash. Recent director share purchases.

Fully funded 2 or 3 well onshore drilling program in Romania for gas to commence end of this month.

[iceagefarmer] 11/6/2022 18:18

im getting tired of waiting though..seems alot of buying going on but price held back..maybe it will 10 bag in one day..always a chance a major will take saltfleetby over for in excess of £50m..the floatation price was around 7p i think..alot to catch up

[wg818] 11/6/2022 14:39

First gas soon, followed by the sidetrack. Frankly anyone being negative about this share at this time is a deceptive goon.It's as simple as that.Is that why the goons post more as progess is made? What price on the RNS for first gas? Way north of where we are now.

[iceagefarmer] 11/6/2022 12:15

i remember when angus's share price was 40p when chubby cheeks was in charge..

[noelpbz] 11/6/2022 11:55

Assuming sidetrack kicks in successfully by 1st Sept then in the 12 months 1st July 22 to 30th June 23 total production could be 33M therms.

Which assuming average £2/therm will generate £66M gross.

At £2/therm the hedge will collect £5.35M(July/Sept)+ £15.53(Oct/Mar) + £8.52M(Apr/June) = £29.4M

Angus will collect £6.65m + £20.47m + £9.48M = £36.6M

That final gross revenue will hinge on what production level that is achieved by the sidetrack.

I will leave it to others to determine potential share price - maybe influenced on what Angus are doing elsewhere

[jtidsbadly] 11/6/2022 11:33

1347: the cost of three shifts of 6-8 trained and competent workers at Poundland has to be added. So does the cost of the five new people employed in the past 12 month or so to liaise with the various regulatory bodies. G&A expenses must be a fair bit higher! And the Interim MD and his colleagues, who’ve been working 16-hour days and at weekends, deserve a bonus and a salary increase, what? At the current market cap, Anguish is reaching UKOG territory and the Directors are paid paltry sums compared with the MD there. And the Interim MD here hasn’t put a foot wrong, after all.

I dare say the money they're raising now may be used, some of it, at least, to tide them over if the plant doesn’t produce before August. Then it will depend on how much the two existing wells flow. If the sidetrack is late, they may be able to raise a bit more with the support of the usual suspects but if it’s a failure, I can’t see even the recent mug punters stumping up yet more money in a lost cause. Who knows though, AIM appears to be a law to itself. These punters don’t like to realise a loss or accept they’ve been suckered, what? We could be talking about it still at the end of the year.