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Gas price at 405p, what perfect timing for the nominations.
Lor9,
Angus were the main conractor and subcontracted out the various packages as it was the cheapest way to go.. no subcontractor would sign up to contract with Liquidated Damages to cover the hedge.. especially when they are building on the work others. everyone would blame the previous subcontractor.. This is the Job and risk a man contractor would take on, to coordinate and be a single responsible party for the works and they charge well for it..
Lemonleaf
"I merely copied and pasted the text from Angus web sit on the link in my post below"
if you were familair with the company, you would have know that they didnt acquire the complete asset until last May.
you would also be wary about taking anything they publish at face value..
Price: 1.30
No Opinion
RE: Delay damagesToday 05:15
I merely copied and pasted the text from Angus web sit on the link in my post below.
Here is the script from the Angus link. They have changed the amount of percent of shares they now own from 51% to 100% ownership. If you don't like it. (Which you very clearly don't) get on to Angus not me. Btw your silly not picking and making mountains out of mole hills together with your person attacks and tantrums show just how desperate you greens are imo.
51%to 100% . Typo before you start again.
I merely copied and pasted the text from Angus web sit on the link in my post above.
Hee is the script from Angus link. They have changed the amount of percent of shares they now own from 51% to 100% ownership. If you don't like it. (Which you very clearly don't) get on to Angus not me. Btw your silly not picking and making mountains out of mole hills to heather with you person attacks and tantrums show just how desperate you greens are imo.
The Saltfleetby Gas Field is located onshore UK in licence PEDL005, East Lincolnshire. The field was discovered in 1996 and produced gas from both the Westphalian Sandstones and Namurian reservoirs and was, upon discovery, the largest onshore gas field in the UK with a GIIP of 114 BCF. Production began in 1999 at rates exceeding 50 MMScf per day and produced gas, water, and condesnate was piped via a 10” pipeline to the nearby Theddlethorpe Gas Terminal (TGT) where it was processed and sent into the National Grid. Eight wells and several sidetracks have been drilled on the site.
In 2017, TGT was shut down leaving the field stranded with nowhere to process the produced gas and no direct export route. Angus Energy acquired a 100% interest and operatorship in the field in late 2019/early 2020 and intends to continue production from the field following successful reconnection to the National Grid.
The keys parts of the project are to install processing facilities on the existing Saltfleetby site to ensure gas is at the required pressure, temperature, and specification to be sent to the National Grid, and to install a short export pipeline extension of some 750m to connect the field directly to the National Transmission System. Work is underway to complete these projects with the aim to bring the field onstream in early 2021.
HITS you need to calm down.
I know it's very very close to first gas but there is no need for insults.
HITS.
I knew you weren't women enough to apologise . You greenies never do when you are caught spinning your web of lies .
https://www.angusenergy.co.uk/what-we-do/saltfleetby-gas-field/
Here's the link to Angus website which they have updated to say 100% instead of 52% owned.
It's all good news as ls the gas is just meters from the grid now. The well head pressures is 80+. The hedge has been put off lol. And there is plenty of gas about to be sold to Shell. What more is there for you and you group of bashers to make up..Angus seem to put out an RNS Everytime you invent a new bad story.
You are making yourselves look prize fools. Desparodo.
Lemonleaf, whatever should I apologise for? Unlike your utterly ignorant self, I'm more than aware that ANGS acquired the remaining 49% of Saltfleetby from FESL for just over £14 million in cash and shares in late May this year.
Smokescreen as desperately as you like, but the cold hard fact remains that you know so little about ANGS that you stated they acquired 100% (yes, 100%) of Saltfleetby in "late 2019/early 2020".
In fact, let me post your comment verbatim once more, because it's too amusing to pass up on:-
Lemonleaf
Posts: 38
Price: 1.30
No Opinion
RE: Delay damages Sun 09:16
"You need to do some research as you are clearly clueless about Saltfleetby history. Here. Let me help you....
....Angus Energy acquired a 100% interest and operatorship in the field in late 2019/early 2020"
And you're telling another poster to "do some research"??? You really are the comedy gift that keeps on giving - but hardly surprising from an ID which got created less than a week ago.
Go drink some nettle tea with your pals HITS and cool down and stop making a fool of yourself for once :)
Let's face it the share price is stuck in the mud. It's not going up and it's not going down until the RNS drops. You greens won't make any difference. Many sitting on the fence to jump in on news then we fly.
51% not 52% typo lol. Must not start her off again :)
HITS.
I knew you weren't women enough to apologise . You greenies never do when you are caught spinning your web of lies .
https://www.angusenergy.co.uk/what-we-do/saltfleetby-gas-field/
Here's the link to Angus website which they have updated to say 100% instead of 52% owned.
It's all good news as ls the gas is just meters from the grid now. The well head pressures is 80+. The hedge has been put off lol. And there is plenty of gas about to be sold to Shell. What more is there for you and you group of bashers to make up..Angus seem to put out an RNS Everytime you invent a new bad story.
You are making yourselves look prize fools. Desparodo.
Lemonleaf, anyone claiming (as you did for all to see) that "ANGS acquired a 100% interest and operatorship in the field in late 2019/early 2020" shows themselves up as knowing precisely nothing about the company.
Which comes as no surprise, given your oh so obvious agenda. Yoh and your ilk clearly don't bother doing even the barest modicum of research.
Better spin up another new ID... you've shot yourself in the foot with this one after barely a week.
Priceless.
HITS you are making yourself look a fool. But hey why change a habit of a life time :)
HITS.
You are accusing me of what you are do.
https://www.angusenergy.co.uk/what-we-do/saltfleetby-gas-field/
Here is the link to the paste I put in my post that you and other naysayers don't like. It's from the Angus Energy website. They have clearly up dated the 51%to 100% ownership on their website. But I am sure you knew that.
Now would you like you apologize?
You have to laugh at LemonLeaf, the latest (joined 11th August and and oh so vociferous) multi-ID incarnation of some short-term ramptastic shill.
This from his post of this morning says it all:-
"You need to do some research as you are clearly clueless about Saltfleetby history. Here. Let me help you....
....Angus Energy acquired a 100% interest and operatorship in the field in late 2019/early 2020"
Seriously? What on earth did ANGS buy off Forum Energy Services Ltd for £14 million just a couple of months back, then?
Truly and utterly clueless. Just another deliberately deceptive member of the know-nothing heavenly choir, who are as ever utterly unconcerned with facts..
That’s y you told lemon sucker.
WG818
'The gas that sits waiting to power my job doesn’t require a gas safe engineer to be sat next to it at all times!!'
I agree WG . Heating up some nettle tea in a Billy can does not need a gas engineer sitting next to you 24/7 including weekends .
But flowing LIVE GAS from 2 Gas wells into processing equipment linked to the National grid does lmao!
Load of rubbish.
“Hob”
Lemon
Your proof RNS is nothing of the sort. They are allowed to work on Saturday morning which is obviously the weekend. As for your health and safety point. The gas that sits waiting to power my job doesn’t require a gas safe engineer to be sat next to it at all times!!
Try reading the Planning permission they have in place freely available on the Lincolnshire CC website.
Correct sir,Lucan has been saying for months and months and months,that gas will be produced on Monday then next Monday then next.
It's been along wait . But they have finally now got live gas flowing into the new plant.
Bob. The contractors . You . I and everybodyelse knows 100% the gas is there. Where do you think it has gone since the two wells were shut in because they got stranded?
You need to do some research as you are clearly clueless about Saltfleetby history. Here. Let me help you.
The Saltfleetby Gas Field is located onshore UK in licence PEDL005, East Lincolnshire. The field was discovered in 1996 and produced gas from both the Westphalian Sandstones and Namurian reservoirs and was, upon discovery, the largest onshore gas field in the UK with a GIIP of 114 BCF. Production began in 1999 at rates exceeding 50 MMScf per day and produced gas, water, and condesnate was piped via a 10” pipeline to the nearby Theddlethorpe Gas Terminal (TGT) where it was processed and sent into the National Grid. Eight wells and several sidetracks have been drilled on the site.
In 2017, TGT was shut down leaving the field stranded with nowhere to process the produced gas and no direct export route. Angus Energy acquired a 100% interest and operatorship in the field in late 2019/early 2020 and intends to continue production from the field following successful reconnection to the National Grid.
The keys parts of the project are to install processing facilities on the existing Saltfleetby site to ensure gas is at the required pressure, temperature, and specification to be sent to the National Grid, and to install a short export pipeline extension of some 750m to connect the field directly to the National Transmission System. Work is underway to complete these projects with the aim to bring the field onstream in early 2021.
A contracting company,wouldn’t work on that basis,unless they were 100% sure there was gas.
If they'd set up the contracting properly for commissioning etc. shouldn't they have included delay damages in there that compensate for any hedges they can't deliver? Any normal energy project would have that so that delays don't impact on cash flow. Also if the project isn't up and running I suspect milestone payments won't be due so cash is less of an issue. Gas next week then?