Angus Energy Share Discussion Threads

[1347] 22/6/2022 09:13

JT You should start charging it for English lessons, you'd make more on this BB than most 'investors' in Anguish Energy ever will. Don't think you'll be able to do much about those wierd fetishes though and the overall lack of any intellect whatsoever.

[3put] 22/6/2022 09:01

Let's have a FRIENDLY sweep for first gas ⛽️
20
21
22 - 3PUT
23
24 - Gasman
27 - TIDY 2 & WG818
28 - Sincero
29 - Shooter
30
1 - Noelpbz
JULY - HITS (Full Production) Shooter (Full Production)
AUG - Chick (Full Production) JA (Full Production)

Regulars yet to vote JT / 1347 / Josh the crypto man

[headinthesand] 22/6/2022 08:59

Live July UK ICE gas futures pricing @ 208/therm (up 1.04% this morning).

www. barchart.com/futures/quotes/NF*0/futures-prices?viewName=main

(Remove the space).

[wg818] 22/6/2022 08:39

Sincero1 good try but the uber goon won't answer. Even a small child could understand your definition. The uber goon claims to be knowledgeable and still doesn't understand ? Really shown himself up again . As I said the uber goons JTidsbadly and 1347 stance is no first gas, no gas ever , so a prediction would be hypocritical. The fact we are on the verge of gas renders all those years of posting wasted. I agree with you that their demise is entertaining.

[jtidsbadly] 22/6/2022 08:37

Clueless. Just a troll. ‘Bye, Jonny.

[tidy 2] 22/6/2022 08:19

251/therm https://www.bbc.co.uk/news/topics/cxwdwz5d8gxt/natural-gas

[3put] 22/6/2022 08:12

I'm getting nervous about my prediction! :0)

[3put] 22/6/2022 08:12

Let's have a FRIENDLY sweep for first gas ⛽️
20
21
22 - 3PUT
23
24 - Gasman
27 - TIDY 2 & WG818
28 - Sincero
29 - Shooter
30
1 - Noelpbz
JULY - HITS (Full Production) Shooter (Full Production)
AUG - Chick (Full Production) JA (Full Production)

Regulars yet to vote JT / 1347 / Josh the crypto man

[jtidsbadly] 22/6/2022 07:21

Jonny: You really need to check your work before you post it. This contribution doesn’t make sense to me, or, I should imagine, to anyone else with a grasp of English. It’s rude, too. Please get in touch with the researchers into Tourette’s syndrome in Nottingham.

[3put] 21/6/2022 22:44

BBC saying 25%. I've only recently started using it after somebody posted the link. Its been accurate thus far

[jtidsbadly] 21/6/2022 22:43

3Put: both the sites I use say +3.65% at 208p today. It looks as if that BBC site may not have updated the figures on the left for a few days. If you look at the chart itself, it seems to suggest just over 200p.

[headinthesand] 21/6/2022 22:13

July spot price for gas up just 2.5% today

[3put] 21/6/2022 22:10

*unfortunately. BBC says they went up.

[jtidsbadly] 21/6/2022 21:33

Can’t argue with any of that, 1347..

3Put: whence are you acquiring these gas price data? Mine suggest the UK July gas price hardly moved today, fortunately for Anguish.

[3put] 21/6/2022 21:15

Natural gas up 25% today

[3put] 21/6/2022 21:15

1.are they going to install a CHP? And never hopefully look at using the flare other then emergencies?,

2.are they going to look at investing in a AD plant so they always have a gas supply when the gas field Depletes?,

3. Would ANGS look at a investing in a CHP that can take natural gas?, and hydrogen?, maybe they need to speak to 2G as there at the top of there game in this Industry, and by having a a AD plant they would also get paid for the final cake dry matter and used as a fertiliser,,
Also I would be asking they could be getting paid from a local council to take food sate too!!, Asked on 31 March 2022
We won’t need to use the flare as part of normal operations although a tiny amount of gas is continuously burned in order to maintain a pilot light, much as on a traditional household boiler.

We do have gas fired generating plant on site to drive the compressors and provide site power. This is the most efficient way of producing and using off-spec gas which cannot be sold into the national gas grid and is an environmentally friendly solution in a remote location without an industrial scale connecton to the electric grid.

We also have been in touch with local landlords regarding the site’s potential to provide heat, CO2 and surplus electric to support vertical farming operations in neighbouring fields. This is likely to be a programme for consideration a year’s hence, alongside a relatively inexpensive geothermal power generation scheme using the Sherwood Sands reservoir.

[3put] 21/6/2022 21:15

What would be a reasonable time frame for the steps for getting the Portland reperforated and producing oil? Asked on 1 May 2022
From Technical Director: “The work to recomplete the well to the Portland will involve abandoning the bulk of the well through the Kimmeridge to leave just the topmost part across the Portland. We would then perforate that section.

I am assuming 5-6 days work plus mob and demob and rig up and rig down. The perforated section may be fairly long as it is near horizontal which is good. The rig can be the small workover rig we used at Saltfleetby and we need little in the way of tanks and pumps etc, although achieving our targets on waste management on such an operation will involve additional cost.”

That is the “operationR21; but before that and in addition to local authority planning (obtained), HSE (BSOR) submission, NTSA notification (although agreed in our FDP), we will require the consideration of the EA. We do not believe that this should be a very complex affair as the well-bore was well-designed and recently spudded to modern standards, the hydrogeology of the area is thoroughly understood, not least by EA, and the target reservoir has been produced from for thirty years.

On current oil prices, and given a resulting flow of 100bbl/d, it would not be unreasonable to assume that the cost of the operation could be recouped within 5-6 weeks of flow. Operationally speaking, there would be no other upgrade to the site required.

[3put] 21/6/2022 21:14

Has a rig been ordered to drill the sidetrack yet?

Which month in 2022 do you expect the rig to arrive if so. Thank you. Asked on 2 May 2022
Yes. A rig was ordered in June 2021, considerable replacement parts for which were sourced from overseas. Although it was scheduled to be ready in October, none of the parts actually landed in the UK until December and as a consequence the rig itself would not have been ready until around now. This underlines the very real supply chain problems which we faced in H2 2021, and which continue to cause problems for many other Operators. If anything we think that the supply chain issues have gotten worse not better since then, and we are relieved to have our kit onshore.

There are alternative onshore rigs which we could have used for this side-track had we felt it necessary. The rig is undergoing testing and we do inspection reports and visits every three or four weeks. We are confident that it will be ready for moblisation at site at the end of June.

[3put] 21/6/2022 21:14

Environmental impact appears to be one of the main concerns for individuals, who may have reservations on Angus expanding business operations, whilst satisfying the requisites of the Environment Act 2021 and associated legislation. Can you please provide an overview on what measures Angus have already taken and intend to develop upon, to ensure statutory compliance, corporate governance and innovative working practices, in regards to environmental sustainability. Asked on 2 May 2022
Thanks. Our principal regulators are OGA (NTSA), HSE and EA, and statutory bodies such as planning authorities. There is some overlap but less than might be helpful. Our compliance team now exceeds in number our technical team (excluding field operators), with two dedicated HSE liaisons, one EA liaison, one OGA liaison, one general planning and permitting lead.

We are a small company and the breadth of legislation, regulation, standards and so forth is daunting. Nonetheless our management systems have developed beyond recognition in the last two years and this is necessary when dealing with high pressure gas which is, after nuclear, one of the most hazardous businesses in the UK.

In terms of environmental compliance, the actual Saltfleetby Field presents fewer environmental hazards than a traditional oil field, as there is much less risk of fluid contamination to ground and water. Additionally electronic monitoring of flow has (for human safety) to be much more precise and involved than in traditional oil field practice. So on the whole we would regard the Saltfleetby Field as representing a much higher human safety risk but a much lower environmental risk than an oil field.

The exception is emissions to air. We require a flare at startup and some (but not all) maintenance events to acheive national grid specification gas, but otherwise we should not need to use the flare at all during the life of the field, although a tiny pilot flare is kept alight at all times to meet statutory requirements for emergency blowdown. Blowdown (i.e. flaring) for us means loss of principal inventory and commercial return – this is not an oilfield with associated gas as a headache. Gas is our reason for being here.

We have two scheduled group Zoom calls a day and, without any doubt, every day an issue of environmental compliance arises and is dealt with. At one level it is simply compliance (“what will EA think of this”) but at another level it is purposive (“what should we be doing or how could we do this better”). This is a sea change from the Angus of old.

We are committed to improving our carbon footprint – but we are led by an unforgiving Technical Director who rightly has regard to the “through-the-cycle” carbon cost of new equipment. Two innovations are planned – (a) a closed loop geothermal system for on site power generation up to 1MW and potentially retiring one gas fired generator and (b) a tie-up with a vertical farming operation which would take both heat, power for lighting and potentially CO2 emissions from the site for assisted agriculture.

We do, as a small company, adhere to the QCA. Up until December, on the strong encouragement of the Board, and whilst we awaited procurement and delivery of equipment to Saltfleetby, almost 50% of management time during 2021 was spent in developing our deep geothermal programme in southwest England. We are sincere in our desire to be an innovative part of Transition, but bear in mind that we are a small company at present focused on acting as a safe and responsible Operator in the immediate term and delivering good returns to those who have funded these operations..