Angus Energy Share Discussion Threads

[3put] 15/6/2022 11:28

Assuming successful sidetrack production over 3years at best 3M therms /month = 36months x 3M = 108M therms. Total hedged volume is 52.125M therms from which Angus will receive circa 40p/therm - ie £21M. At £2/therm ( probably more) Angus will receive (108M - 52.125M) x £2 = £111.75M plus that £21M from hedging = grand total £132.75M.

[jtidsbadly] 15/6/2022 11:14

noelpbz: yes, everyone (almost!) on here accepts that, if all these things happen on schedule and production is as planned, the returns in this will be high. Though your figures are all turnover, not profit. And you need to factor in the money owed to Forum and the 8% of revenue royalty to the Lenders, on top of the debt service charges and repayment of the £12mm. And they can’t use their existing tax losses, under the proposed new regulations. Then there’s the g&a expenses, which will be vastly higher than in previous years. The earnings per share won’t justify much more than a 4-5p. share price, which is still half the level when the current Interim MD took the job (when the shares in issue were just over 400mm, against today’s 2.5bn.-odd). And the earnings start to tail off from 2026, after which they’ll start worrying about the massive abandonment liability they've recently acquired. And investors will be concerned about the uses to which these bozos intend to put Anguish’s new-found wealth. Not to mention the bigger Board salaries which they will naturally be able to justify.

All this assumes that these bozos are capable of doing something on time and anywhere near the budget. And that they’ll get the remaining permissions promptly.

[noelpbz] 15/6/2022 10:28

Assuming successful sidetrack production over 3years at best 3M therms /month = 36months x 3M = 108M therms.

Total hedged volume is 52.125M therms from which Angus will receive circa 40p/therm - ie £21M.

At £2/therm ( probably more) Angus will receive (108M - 52.125M) x £2 = £111.75M plus that £21M from hedging = grand total £132.75M.

[jtidsbadly] 15/6/2022 10:08

Yes, 3Put, that’s exactly why we need to know what he means by “first gas”.

[3put] 15/6/2022 09:43

Angus Energy plc (AIM: ANGS) is pleased to announce that the Environment Agency has issued its Variation Notice for the existing Saltfleetby gas field permit. The site permit now encompasses the new activities of processing and compressing of gas for direct export to National Grid. No further regulatory or planning permissions are required before First Gas.”

[jtidsbadly] 15/6/2022 09:28

Here are another 2 questions for the Q&A, if anyone wants to ask a question the answer to which matters:

“You use the term “first gas”. Is this gas that is immediately in the pipeline ready for sale to Shell once it arrives at their terminal?. If not, what do you mean by the term?”

“How long will it take to fill the 20km or more of pipeline?”

[tidy 2] 15/6/2022 09:20

Another oxygen thief. Ffs

[gasman10] 15/6/2022 09:16

Its diamond horse, he hates the Dudley boys thats why hes here. Sado

[tidy 2] 15/6/2022 09:15

OEX tight gas produces less than my cooler uses to boil an egg. Different story with Angs.

[dillydally2] 15/6/2022 08:57

Angs will go same as OEXSell off on any news regardless of gas

[wg818] 14/6/2022 19:23

More filtered goon posts. Let me guess are they still trying to save investors money? If so they have 'saved' them from a 15% profit in the last week. Seriously they are just trolls. Non shareholders posting here 24/7 all against the company.

[3put] 14/6/2022 18:27

Getting very exciting

[1347] 14/6/2022 18:25

gasman In other news, there's been a bit of a problem with the Titanic...

[jtidsbadly] 14/6/2022 18:22

gasman: have you been asleep for two years? It’s 2022. This thing was supposed to be on stream between May and August 2020. We were assured so by the current management. For £2.5mm. It’s closer to 10x that amount and still not finished.

[oilandgasman1] 14/6/2022 17:46

Oex members got excited when their gas was turned on and it flopped.Bet angs does the same and sinks

[gasman10] 14/6/2022 17:17

Ahead of schedule as well. Gas next week?

[sincero1] 14/6/2022 16:53

tee hee...a rns and another slap in the grey old disingenuous nobodies mutton chops ..., happens every single time...almost like the company waits to make it even more humilating for them...nurse double meds and sedation please..they will be very irritated...
tee hee

[3put] 14/6/2022 16:44

The next and final stage in proving mechanical integrity will be to introduce nitrogen into the plant for a five day leak and pressure test which we expect to commence at the end of this week.  Meanwhile the electrical - power and control and instrumentation - installation continues at pace.

[3put] 14/6/2022 16:43

Fantastic RNS, well done George and team 👏

[tidy 2] 14/6/2022 15:49

U.K. gas 30% up 199.00

[tidy 2] 14/6/2022 15:33

Thanks to Angs gas supplies less will now freeze and starve to death in the U.K. Time for the country to pull together in these difficult times consolidating contributions. Greta HITS Thunberg you need to take note.

[jtidsbadly] 14/6/2022 15:12

HITS: yes, but the timescale appears to have changed with the injection of the £6mm. Though much of this may be earmarked for overspend on the project, some may be left to defray the hedge contract costs. I’m as doubtful as anyone that they’ll get the sidetrack completed by 1 October, but they should now be able to get that far. After that, they can probably rely on mug punters for another £2-3mm in placings. So it may depend on first, how much they can get out of the existing two wells and second, on the success of the sidetrack by the year-end. Not on their ability to get as far as October. They may have enough cash or access to cash to take them to the New Year. Then, again, the gas price may have a bearing on this next month. They must be hoping it doesn’t go any higher.

[tidy 2] 14/6/2022 15:02

U.K. gas just jumped 25% now 191.00 https://www.bbc.co.uk/news/topics/cxwdwz5d8gxt/natural-gas