We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
What's the point in debating something to this level no one knows with certainty? Why are these boards always like this?
A_D
Our resident technical expert has confused herself between a control room and a electrical switch room,
the electrical switch room was on site a while back.
this is the same person who was querying the size of the gas pipe claiming it was too small for the flowrate,
she also predicted negative gas prices, she also was confident we wouldnt even get to first gas.
she will get something right, some day.
Beyond pure Gold....
Pathetic just pathetic and then some
What Friday Announcement was that RT003?
Is it another one of your made up fabrications?
The point is that if Angus fails to produce enough revenue from June unhedged production (let alone the fairytale £7million GL told us) they will have to find the money from somewhere to fund that all important sidetrack………but you know that already, hence the over the top comments!!
RT spot on. And it’s such a shame the board has gone to tatters. And squabbling yet again. Why reply. I don’t get it. Each to there own. Gas is on the way full stop.
Its become beyond pathetic.
Angus could be producing 2.9 Million therms by end of June and these absolute roasters will still claim all is not well and it should be 3 million
Really is utterly pathetic
Go read Angus Energy release of Friday...ALL on schedule
Still a lot of interest from someone as we are still getting some consistent relatively large delayed trades:
16-May-22 11:58:04 1.34 2,500,000 Unknown* 1.25 1.35 33.50k O
Whether we get the gas out for ourselves and crack on with the sidetrack or we sell our interest in SFB for a premium (based on the prevailing market sentiment and the low cost of a UK onshore well), the share price has a lot of room to move north.
All the best
Yanis
The rest of the site follows the presentation design exactly. The Control room isn’t in position! As you say they will need to wire everything control wise from it presumably? And as you also say they need to complete the cable pull first. They gave a two week electrical install timeline that should have taken place during the first 2 weeks of May according to the latest published RNS!
IMO, with adequate manpower there is no issue in achieving gas production beginning of June. I am sure given the significance of this Angus would have as much manpower as they can possibly have on site.
Is looking very promising now. Market a bit slow to react but it will as it becomes more apparent.
I had a look at the 28th March LSE interview and did some rough calcs. It appears to me that the sidetrack is necessary to pay back the debt. Critically, prices are now around £1.60 per therm. Back then it was over £2.35. Maybe GL was being bullish on prices. Also, he said something to the effect (6:38 in video) "with that on stream we would also expect to pay off all debt this calendar year". To me calendar year (not financial year) means by Dec 22.
Would be nice if someone could review my calcs.
Thanks,
A_D
WG, we don’t know how the design is. It is possible that most of the Control System field termination equipment is in the Electrical Room (e.g. RTUs). What you then need are serial connections from the Electrical Room to the Control Room which take little time to install and test.
Yanis
You can see simply because it isn’t in position. I think you might be referring to the switchboard room? The control room has a delivery date of early March on the presentation… difficult to connect the electrical system to it if it’s not there!
You cannot see from the pictures whether or not the control room is fully terminated.
WG, to just confirm you arn't an Angus Energy fan so your postings arn't of any interest,GOODBYE!
Tradedesk, the numpties that pull Angus down every step of the way here will never invest having no pot to **** in.
Just for confirmation. The green analyser house is in postition now. The control room sits in front of Compressor coolers (still not fully connected by the looks of it)
Plans available on the website under presentations!
You know a few of you don't have to be invested here if you don't like the value case. No one is forcing you. Seems like you want to take zero risk for all the reward. ANGS trades at a tiny mcap of £16m that is in for a major revision upwards on first gas and a succesful side track. The rest of us will just take our chances with a gas producer at a time of unprecedent global and domestic demand. Atb
WG, I think you should get to Specsavers, the control has been on site ages.
So just to confirm what I just posted.
No sign of the control room( it sits in front of the coolers on the plans) the cable pull is still ongoing so highly unlikely the electrical install has started yet.
The pictures conveniently fall short of where the gas and other generators sit, and the welding is miles of being finished!!
Closer to July 1st than June 1st imho.
https://twitter.com/angusenergyplc/status/1526174006952476672
Speaking of fibs or not (or if you're being generous, possible continued wild over-optimism)...
Just 15 days until George's most recent assurance that Saltfleetby will have started full production.
I wonder if he'll finally get a projection right? Not long to wait to see either way...
". Again nomad vetted statements"
How many Petroleum and construction engineers does the NOMAD have? Zero - they just take what they're given by ANGS
The difference is that they may be chased if they tell fibs in an RNS cp to a twitter feed
Yes but both the recent interview and webinar turned out to be almost instantly wrong!……no change there then!!
As for those claiming that all the equipment is on site? Well the Tweet said last SKID the gas generator and the other generators haven’t been seen along with the control room which is obviously quite important. The cable pull looked to be ongoing on Fridays Tweets so the electrical install slated for the 1st 2 weeks of May probably hasn’t started yet?
And that’s without the Welding program!
Despite what anybody says all eyes or on twitter for signs of further delivery and progress.
I've said as much. Please keep up. These are transformational times for Angus.
Thanks HITS. I will revisit the interviews. It would be very bad if I invested based on such a big error. Lol.
Thanks again.
A_D