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New wells and a New layer, this comes from comservative Richey Herbert who does not over promise and under deliver.
Excited times.
Bang on BV
Its the first time they mentioned this new layer, after the sidetrack was pumping....
Exactly Donek, and I think we all know what the report will show. That's why I previously mentioned that we would suddenly have more gas at SBY, surprise surprise lol!
The Namurian reservoir, which sits below the Westphalian from which the Company currently extracts natural gas, has produced 1.5 bcf to date but a very wide variation of gas in place exists between our own recent CPRs and internal estimates by previous Operators, Gazprom-Wintershall and Roc Oil. To date no detailed interpretation of the Namurian, independent from the Westphalian, has been undertaken and accordingly a full third party re-interpretation of both reservoirs is presently underway, expected to complete in October.
I wonder how much gas we really have??
Should see a significant price rise on the shares on Monday due to rising price of gas.
Hamsters, it's just the Icecream man totting up his sales with the hot weather lol!
Apology accepted. Just checked the trade £11,239.99. My average is 1.8p. I am a LTH from before Saltfleetby and it has taken a lot of trading to get my B/E down. Luckily I bought more in the dip late 2021/early 2022 and then there was a spike last September that I sold lots in to otherwise I would be in poor shape. I think that anyone with a sub 2p B/E should make money here given a 1 year time horizon. Here's hoping.
Ok mate, apologies then. good luck. 4.5 is quite the holding! what is your average?
Not a lie you walking 4 letter word! I just put an extra 1 in it 1.12. Takes me from 3.5m to 4.5m. It is my trade . I posted well before it appeared here and it was a buy.
Some toddler on its parents phone, liking the response when ‘buy now’ is pressed, or, someone fallen asleep and their forehead has landed on the key for ‘buy now’, or a MM weather alert warning in Fahrenheit?
So embarrassing ! why lie like that Sageman
Looks like someone doesn't even know what the trade price was either duh!
Looks like your buy has gone down as a sale :(
On June 1st the gas price for July was 54p.
Although the price has been turbulent since then with large day rises and falls, it’s current just over 80p (an almost 50% increase so far this month).
It’s worth remembering that June is usually the month that prices reach their year low and then start to recover. At the moment this year looks to be no exception.
Given Angus’ steady and significant gas production flows (hopefully they’ve got this months’ expected maintenance out of the way), its share price should follow the gas price up.
European natural gas futures soared as much as 23%, as traders reassess supply risks amid signs of global competition for the fuel and a heat wave bearing down on the region.
The benchmark contract is on course to end the week 38% higher, the most since last August, near the height of Europe’s energy crisis. It’s also the first weekly gain since March.
Friday’s surge is the latest example of extreme volatility this week, after the contract appeared to find a floor around €23. While high inventories and subdued industrial demand have depressed prices in recent months, traders are on edge about the possibility of tightening supplies ...
https://www.bloomberg.com/news/articles/2023-06-09/europe-gas-prices-surge-to-three-week-high-as-heat-sets-in?srnd=premium-europe&sref=Em01M8Hr
I have been closely watching the SP and the counter attack in Ukraine. Couldn't resist another million shares at 1.112 given the rise in gas.
Nice, it's strange that John Henry only remarks when the Gas price is falling mmmmmm?
July at 77.66p, + 22.5%
Means someone's bored on freetrade.
Https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5419492
Perhaps they knew gas was about to jump? Of course they didn’t, but it’s just reached 74.75 - the highest this week and a 17.9% jump on the day https://www.bbc.co.uk/news/topics/cxwdwz5d8gxt/natural-gas.
City to beat inter 86-0. The mms have forecast it.
This share most probably has hit rock bottom and the only way to go is up as now with all the prospects is far too low and if it stays this way it is likely to be gobbled up at a price that we would not be happy with
MULTIPLIER 66,964
FIXED PRICE £0.7597
MERCURIA PAYMENT TO ANGUS = £50,870
MULTIPLIER 66,964
SPOT PRICE £0.6498
ANGUS PAYMENT TO MERCURIA = £43,513
PROFIT on SWAP is £7,357 (made up from a loss on swap 1 £15,825 and a profit on swap 2 £23,182)
-----------------------------------------------------------------------------------------------------------------------------------
DAILY PRODUCTION therms 0
SPOT PRICE per THERM £0.6498
GAS SALES PAYMENT BY SHELL TO ANGUS = £0
GAS SALES gross profit = £7,357
Month to date GAS SALES PROFIT £378,415
less Shell 1.5% and Ntsec 0.386p/therm
1)SAP used instead of NBP
There are a few more Suppliers showing Zero Flowrates also, surely a Tech Glitch.