Angus Energy Share Discussion Threads

[3put] 08/7/2022 21:25

I'm sure the answer will be pass

[1347] 08/7/2022 20:18

JT Be careful, what does the term live gas mean? You must know the ropes by now? They also said it was to NG standard, how so if it's from their wells and they are not yet processing it as the control and monitoring systems are not yet set up and tested?

[jtidsbadly] 08/7/2022 20:10

.. though the latest twitter thing said “flare testing with live gas” which suggests it’s from Poundland, what?

[jtidsbadly] 08/7/2022 20:03

1347: no, not yet. Anything’s possible with these bozos. The Interim MD told Malcy in that same interview that Mercuria were talking a very close interest in progress. I bet they are. It’s 11 July on Monday. There’s zero chance of a sidetrack starting this month, surely, even if they have approval for simops? Time’s getting very short here.

[jtidsbadly] 08/7/2022 19:57

Question 2: in his 30 May Malcy interview, what 3-word term did the Interim MD use for the start date of the hedges on 1 July when assuring the portly, bearded Malcy that “First Gas” would be achieved in mid-June?

[1347] 08/7/2022 19:55

JT Yes we know, like the oaf in No 10, it's been one load of baloney after another hasn't it? The reason I ask about the perfs is I reckon they had to buy some standard gas to do the test the other day, how else would they know it's NG standard if all the control and monitoring equipment hasn't yet been set up and tested? Nowhere have they stated that gas is actually flowing from their wells have they?

[jtidsbadly] 08/7/2022 19:33

No prize for this, but who knows when the Interim MD said this?

"We are in the run up to our First Gas date at the end of May, and still hope to be clear of debt by the year end, assuming all goes well with the sidetrack well which gets drilled in June and is set to double our gas output."

[jtidsbadly] 08/7/2022 19:08

1347: I don’t know if they’ve re-perfed the wells. They’ve done some work on them though, at least once over four days.

[jtidsbadly] 08/7/2022 18:48

1347: I imagine that may have been the result of my letter, to which I have not yet received a response.

[1347] 08/7/2022 18:21

Looks like the EA finally issued the new version of the licence. However since this is dated 4th July 2022 I reckon they could not have produced gas without so statements that first gas (i.e. sales) would be Q1 2022 or April, May, June 2022 were never on.

[1347] 08/7/2022 17:56

I repeat my question of the other day, do they need to re-perf those wells does anyone know, or is it not required?

[jtidsbadly] 08/7/2022 17:50

Yes, HITS, unless they get it working over the weekend, they’ll owe Mercuria about a quarter of a million, and counting. What was it the Interim MD said in that most recent interview, about the importance of piping sales gas by 1 July? They’ll need to have it working at full capacity, too.

I think FOMO now stands for Fear of Massive Overhang (of shares, from Aleph and Knowe).

[headinthesand] 08/7/2022 17:31

As anyone with half a braincell already knows, an elevated gas is really great for ANGS if it manages to deliver in excess of the hedged quantities, and really bad for ANGS if it doesn't.

The only outfit that sharply rising gas pricing definitely benefits, come what may, is Mercuria, who sit on the other side of the hedge. It is currently owed £3 million by ANGS just for the month of July, utterly regardless of how much or how little gas ANGS manages to produce.

It's all about the sidetrack...

[stockhunters] 08/7/2022 16:10

wonder if oggyman has seen gas price back above 300 a therm hmmm lol

[gasman10] 08/7/2022 16:06

https://twitter.com/MylesMcNulty/status/1545411089579507713?t=mK7enE3JZAlviRXYpP1YZA&s=19

[3put] 08/7/2022 15:27

Also - there are a lot of small investors here, (and on other bulletin boards). All trying to ramp / de ramp.

Makes me nervous

OGGY: every forum is ramp central, when you see this level of deramping it catches my attention. So far it's paid off handsomely

[zxie] 08/7/2022 15:05

INSP shares jump soon 10bags

[wg818] 08/7/2022 14:47

Oggyrocks what pointless and irrelevant posts. Are you that ignored and lonely in real life you need to tell people where you are not invested? Added to the goon filter.Just another thicko, probably Ja51oiler in disguise.

[oggyrocks] 08/7/2022 14:26

Also - there are a lot of small investors here, (and on other bulletin boards). All trying to ramp / de ramp.

Makes me nervous as I know everybody trying to make a quick buck. Company is not making any money at the moment.

But good luck - and hope they do.

[oggyrocks] 08/7/2022 14:23

Have been watching this one from the sidelines for a while. If no news by the 12th then could drop quickly. Cash drain.

Be careful. This could be painful.

But good luck if positive news. There are a lot of shares in issue, so upside is limited. Think it’s a bit too risky for me.

[sincero1] 08/7/2022 13:58

I'm of for 2 weeks in the sun...you old grey disingenuous stale urine smelling nobodies keep wasting those last few pathetic years posting here and making no difference whatsoever... I have angs alerts set up so i will be along to point and laugh when appropriate...

[onetomany] 08/7/2022 13:06

Will be putting my sell order in at 2p. Sure to spike above on news

[headinthesand] 08/7/2022 13:00

What advice would that be, pray tell?