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As pp 52-53 of the CPR show, and as one would expect, the figures tail away in the later years.
It will be for management, therefore, to take advantage of the higher cash flow in the earlier years to build up an alternative source of cash flow in those later years.
£25.2m is the net present value (ie. the value "right now") of the Saltfleetby CPR's mid-case forecast.
To arrive at the net present value, the forecast annual post-tax net revenues (ie after operating expenses) totalling £36.3m have been discounted at 10% pa. (see pp52-53 of the CPR).
http://www.angusenergy.co.uk/wp-content/uploads/2020/03/Reserves-Resources-Valuation-Report-Angus-Energy-Saltfleetby-Assets-Effective-Date-28th-February-2020-Report-Date-4th-March-2020.pdf
No idea about any "it will treble next week" posts, but I'm sure they can be safely ignored.
"With regard to other assets, this means more money raises as they dont have the funds to do everything? Wouldnt it be better to deliver what they have first and build a base? Ukog did the same thing - and unlikely to see any return for shareholders by continually diluting. I also dont see 200 bopd as anything special"
This is, of course, logical sense. But this is AIM - no one would invest in a company making 200 bopd in 2 years time. It's all about the pot of gold at the end of the rainbow, multibagging in 2 weeks, the cars, the yachts, the girls.
Given the glacial pace of regulatory approvals in the UK that means constantly having to find new projects to keep the news flowing and the dream alive.
What would happen if Lucan told the truth and said "look guys - this will probably take 12-18 months before we're on stream. We'll almost certainly get there but really nothing serious is happening until then"??? No dream there.
It would be like Egdon - a couple of trades a day, a couple of posts on here a week.
And £25.2m is the valuation "right now" of the Saltfleetby mid-case forecast, on the basis of a 10% pa discount rate (which, in present market circumstances, certainly appears to be very conservative).
Because I look at things right now...
-----------------------
Those futures prices are the prices "right now" for the futures.
Michael... instead of hanging on every word from the resident trolls, why don’t you check out the anticipated future gas prices - You’ll note that Saltfleetby won’t be ‘loss making’ (as you so eloquently put it) for very long... !!
link below:
https://www.barchart.com/futures/quotes/NF*0/futures-prices.
The spot price has climbed some 60%-70% since Monday 1st June already, so moving in the right direction. Oil prices are increasing too and as I said before why get hung up about the current spot price, look around you at what’s happening now and look what things will be like in 12 months time!
Michael, ANGS would love to achieve 200b/d production, that would spark a rerate here.
Until then, going to need a whole lot more buying at these levels to get back to 1.40 to 1.50 level where our resident billionaire, along with the last crop of rebound story buyers, are finally able to sell out with most of their money back.
gently ticking over - 23 trades so far, the 2 largest being each of 500k shares.
"You can’t be too relaxed to leave this after the weekend because by this afternoon you will be surprised."
Trainleaving station! haven't seen this is ages.. who do we think this is - I'd say Joey but he's seen the light - DHC back maybe???
MMs are not allowing the sellers to get back in cheaply. the bid and offer is rising steadily.
Everything POSITIVE, Barchart will hit 100% Soon! BARGAIN PRICES!
bar chart has gone more positive
https://www.barchart.com/stocks/quotes/ANGS.LN/opinion
This will catch the shorters out! This is going to move really fast north. You can’t be too relaxed to leave this after the weekend because by this afternoon you will be surprised. You may as get in now while the SP is low. YOU WILL REGRET IT! Come on Angus... Come on Angus.....Come on Angus! Show them all!
As the company says "We think that in the current oil price environment there are one or two game-changers and company-makers out there likely to be shed by larger players as being inappropriate to their cost base. If we see one, we are ready to bid, but our main focus, as repeatedly said, is still delivery, delivery, delivery at Saltfleetby and Balcombe."
This is already moving north! Bye Bye you Shorters Paradise! Strong buys! Exciting times coming ;-)
Things are brewing, we are one step further than last week with the submission of the application for the gas pipe. This means that the SP can only go north so in the coming weeks we will be seeing the price go to 2/3p. Exciting times ahead.
RNS states
Angus Energy (AIM: ANGS) has submitted its application to Lincolnshire County Council relating to the 750 metre extension of the pipeline to the National Grid Terminal, remaining very close to our advised timetable on this. The application continues to incorporate the use of Hydrogen-ready high pressure pipework and the routeing of the line retains the optionality, as advised in our RNS of 1 May, to connect, via a further third party pipeline, to the refineries on the Humber should the opportunity present itself.