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Edit to my post from Fri 18:04
It should have read tat I expected a delay until 'sometime in Q1' from the Feb first gas date, and not Q3 as posted.
A simple typo, not intended to rile the likes of DrAim
All Q&A on the web, plus the usual sad nutter talking to himself on twatter!
Thanks for the link Yanis - seems to shut down some of the delayed production speculation by some self proclaimed wise ones on here...
Having 1000's of posts don't mean you you know JS...
Yanis,
i think they really respect you, they have had your questions on Proactive Investor video interviews and all sorts!
My question is up in the IQs
https://www.angusenergy.co.uk/media/investor-questions/#stncl-qa-1
Impressive. Great job Angus, thank you.
Spot on Croc
I have always said Q1 2022 for First Gas, heck even May seems a potential date.
Why... Because an engineering project like this subject that has so much regulatory hurdles to jump over need EA Permit, Equipment to arrive (whenever they do), setup of said equipment and delays when nuts and bolts don't go in very well or something has mislaid.
Then there's the integration piece to the existing wells...
So the list is endless hence no market maker believes George Lucan can deliver on time. I'm realistic here that the progression the company makes or not is completely aligned to the share price.
We make First Gas?
We make decent non side track consistent outputs then great.
I would have thought Angus Energy should've tested the wells to see how much came out in a day but that's a whole different story altogether.
I'm ever so optimistic and glad there are a few to keep me steady on my feet.
George Lucan must buy a substantial sum of Angus Energy shares on the open market. If say 5m shares would be a good start.
So Yes Lord Lucan, put your money where your timeline mouth is and make an aligned to investors transactions.
It's a very good question, will look forward to their answer.
They still have more than 2 weeks for updates to put a positive spin on this if they leave answering until the end of the month.
Disappointed that we have not seen a transparent and detailed plan already, tbh.
Hadn't seen the apparent slip from Feb 2022 to Mar 2022 in the timeline, although I did say that I fully expected a delay until 'sometime in Q3' before the year is out though, so would not be remotely surprised if this is the case.
Standard Angus handling of expectation vs reality, sadly
Good weekend all
"Don't forget that Angus delivered the debt facility."
And how late was that - I remember "imminently" was used for months..........
Good question Yanis...
I want an operational update George!
Yanis-excellent Q
Nice one BV, let’s see if they post them up. If mine is not up by Tuesday, I will repost it again. We do need a detailed plan to 1st gas.
Hi Yanis.,Very good Q&A, I asked earlier about the remapping results timescale.
Don't forget that Angus delivered the debt facility.
Investor Question just posted:
“Saltfleetby reconnection plan
Due to past failures, the market appears to be extremely cautious on Saltfleetby success, hence the undervaluation of the current Share Price.
Angus can alleviate market fears of further delays/failure by being more transparent. Right now we have two dates for First Gas, Feb 2022 given in an RNS and Mar 2022 given in an answer to an Investor Question.
Considering the absence of a transparent plan and the fact that First Gas date has already slipped several times the market is not at all confident that any of these dates can be met, otherwise the Share Price would be a lot higher now.
Can we please have a detailed and transparent plan (with dates) to First Gas indicating the latest date by which EA approval must be obtained in order to meet the target First Gas date. Thank you.“