Firering Strategic Minerals: From explorer to producer. Watch the video here.
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What did you expect Phil?
The problem is, if his takeover of the company comes to pass, what do we do then? The problem is that he has anywhere between 0 and 3.6bn shares and nobody knows quite how many, not even him! In fact, from post to post the number changes!
And if uk reform part gets 20% of the vote and gets 1 seat for that - The voting system will be proven to be a joke and a con
I see ScarletVixen is still utterly vile.
PTMS:
It must be disheartening to only register 17 Recommends considering the significant number of Readers of this Platform and especially in the Oil & Gas Sector who are traditionally the Hardest & most Loyal of the Blue Brigade,
Regarding the rubbishing of Brexit not even King Canute would be able to stop the tidal wave of support for rejoining the European Unions Single Market that is growing on a daily basis,
Morning Has Broken, The Electorate Has Spoken, The Cost Of Living Crisis Must Be Broken, The Support For Brexit Is Clearly Fragmenting, The Old Guard Are Deserting The Cause, The Captains Of Industry, The Bankers & Financiers Remember How Good It Used To Be, Bye, Bye Brexit, Brexit Bye, Bye, From The Red Wall In The North To The Blue Wall In The South The Voices Of Derision Are Growing Louder & Louder Day By Day, Gold & Blue The Colours Of Our Dream, Re-Unification Our Vision & Our Destiny, The Higher The Brexiteers Build Their Barriers The Taller The People Become, The Further The Brexiteers Take Our Rights Away The Faster We Shall Run, Something Inside So Strong It Is Our Belief To Deliver For The Electorate How Know Have Knowledge & Understanding Of Just Howe They Were Manipulated & Deceived,
We Are The Resistance & We Stand True & Loyal To The King, Country & Those Who Were Deceived & Maligned,
This Time It Won't Be A 52-48 Disputed Count They Won't Even Need To Count The Votes Bring In The Weighing Scales The Brexiteers Had To Be Given First Dig & That Was The Only Way They Were Ever Going To Realise The Extent & Magnitude Of Their Narcissistic Personality Disorders & Inability To Deliver The Undeliverable,
We Used To Respect Those From The Green & Pleasant Playing Fields Of Eton & We Thought They Were Made Of Better Stuff & Greater Fortitude It Is Sad To See Even Sir Boris Big Dog Johnson Surrender His Wicket So Easily & Run Off To The Solace Of The Pavillion With His Bat Tucked Under His Arm
"I'd like thousands of schools as good as the one I went to, ...." Sadly Old Boy Just Like Many Of Your Predecessors, You Never Won The Battle For Brexit, You & Your Cohorts Simply Were Never "Negotiis Pares", Meritocracy Prevails Over Privilege, "The Country Needs Hundreds Of Schools As Good As The One I Went To"!!!!
Regards,
SV it is good to hear that you are alive and well,
You had gone all quiet for a couple of weeks and we often get a little concerned when some of the "old farts", (in the nicest possible way), go a tad quiet,
It is good to see that even you are loyal to the cause and are deserting from the treachery of those who inflicted such economic stupidity on the United Kingdom and affiliating with the opposition to the Barmy Blue Tories and enabling the dismantling of the Blue Wall in the South which shall see Sir Keir Starmer invade Downing Street with aplomb,
It won't be long before Putin is deposed and the cleanout of the Russian Old Guard commences, then the European Colonisation of Russia shall commence and the removal of the Iron Curtain just as the people took down the Berlin Wall,
It shall take time but until Russia is colonised by the European Unions gas supplies shall be tight and as the experts forecast Gas Prices should hold up,
Remember give us all the heads up if you see any of Starmer's Barmy Red Army infiltrating the residents of Kimmeridge and knocking up canvassing for support from what were one the loyal True Blue Faithful, look don't worry even Boris has flown the nest of South Ruislip & Uxbridge and headed for the comfort and solace of the Chilterns,
xx ;-)
Regards
I will be voting UK REFORM party at next GE and local elections
My take on the current field status is that they had all wells shut in for around 48hrs, to perform the noted maintenance and possible pipework installation, the start up flow did crank up rapidly to hit its 3 well contribution rate at over 9mmscf/d, but it has tapered off since then, dropping at around roughly 2mmscf/d, with today only hitting 3.7mmscf/d.
My gut feeling is that on starting the 3 wells back up they will have taken an initial purge of condensate from A4 well and likely a built up purge of unwanted's from B7T.
It looks to me like they have been having to crank down the flow from A4 & B7T to a level where they are only producing dry gas from the 3 wells, and I "suspect" that this may be because they are unable to tanker out condensate/liquids for reasons beyond their control, meaning either the offload point at terminal is not accessible for some reason, maybe their own maintenance or other, or related to tanker provider delays or tanker movements.
If it is as above, then hopefully it is only a very temporary hold up.
The plant & one compressor has to be operational to be providing the current flow, A4 can't produce 3.7mmscf/d on it's own due to condensate production (roughly 2mmscf/d + All condy), B2 doesn't produce condy, and can deliver around 3 mmscf/d & B7T is capable of around 4-5 mmscf/d and likely still cleaning up some residual liquids & muds when flowing hard, so flow is likely from strongly reduced rates on all 3 wells, or limiting reduced rates on 2 wells.
I could be wrong, but from what I am seeing, it looks highly possible.
"There appears to be a movement to rubbish anything Brexit"
Yeah, a movement called 'waking up to the reality of what a complete disaster Brexit turned out to be'.
Please can we keep the conversation about Angus and Oil/Gas. Brexit as absolutely nothing to do with this company or the oil gas prices. If we live in a democracy then we have to accept the democratic decision made about Brexit. There appears to be a movement to rubbish anything Brexit, starting with Boris. What about 2008 banking crisis. If we had been in the Euro we could not have made the decisions taken at the time. What about Covid, What about Ukraine. Ridiculous to blame everything on Brexit. Brexit should be taken as an opportunity. To be rid of their undemocratic institutions - wonderful. They have never had an audit in their entire history, not Benelux, not coal and steel alliance, not EEC. No audit ever. Hypocrisy at the highest level.At least even the AIM companies have to post their results. IMHO well rid
MULTIPLIER 66,964
FIXED PRICE £0.7597
MERCURIA PAYMENT TO ANGUS = £50,870
MULTIPLIER 66,964
SPOT PRICE £0.8775
ANGUS PAYMENT TO MERCURIA = £58,758
LOSS on SWAP is £7,888 (made up from a loss on swap 1 £28,959 and a profit on swap 2 £21,071)
-----------------------------------------------------------------------------------------------------------------------------------
DAILY PRODUCTION therms 40,756
SPOT PRICE per THERM £0.8775
GAS SALES PAYMENT BY SHELL TO ANGUS = £35,763
GAS SALES gross profit = £27,875
Month to date GAS SALES PROFIT £1,579,749
less Shell 1.5% and Ntsec 0.386p/therm
1)SAP used instead of NBP
Donek, I hope Finch will ask the Judges and her Lawyers what mode of transport they used to get to Court. I know that every morning where I live the roads are blocked whilst the High Court Judges Limo passes with a Police escort, and most Lawyers drive Range Rovers MMM.
Absolutely, also the eco warriors simply do not understand that it is the Oil & Gas majors who have been funding and initiating research into Green Energy, without Oil & Gas Energy and revenue, Green Energy would simply not even be where it is at present,
Remember the Populations of Developing Economies are also heavily reliant upon Oil & Gas and they simply do not have the Economic Base within their economies to sustainable deliver Renewables for their populations nor is there sufficient strength within their economies to transition from petrol engine Vehicles to the High Cost EV's,
Within the United Kingdom Brexit has detrimentally affected the Economy to such an extent that the Green Dream is has been pushed back by at least a decade and the UK Budget Deficit at almost 100% of GDP that the United Kingdom lacks the Central Government Resources to effectively fund Green Energy Investment to the Extent that was originally forecast or budgeted for, at least there is something the United Kingdom could thank Boris Johnson and his Brexiteers for and Starmer shall also have to be realistic with his aspirations until the Economic mess Brexit has created is undone and the United Kingdom rejoins the European Unions Single Market from where Central Legislation shall force the United Kingdom to comply with some form of Green Energy Vision!!!!!!
If the Brexiteers which for lower Energy prices they must forego Brexit if they wish for Brexit accept a crippling Cost of Living Crisis and Economic Standing that Eastern European nations would be ashamed off!!!!!
Thems the realities of political Incompetence the Australian's are not only gloating about their Cricketing Prowess they are also gloating about the colossal Economic Turd Deal they Served upto the United Kingdom and that sets the president for other former Colonies & developing Nations to treat Brexit Britain with the same contempt!!!!!
Regards,
All this fuss about Balcombe from Finch and she lives in Exeter.
To upgrade the power network in the UK, for the underground/overground cables to cope with the additional heating for buildings via ASHPs/VRF or electric panels and charging up EV's, will take a generation if not more.
I posted this post on the UKOG board but it is just as relevant to this board, too. It helps put into perspective all the noise surrounding Stop Oil Now and other protestors.
Times, p32. Energy Institute's Statistical Review of World Energy
"At a global scale, renewables are not yet eating into coal and gas-fired generation and in fact both coal and gas recorded record highs in terms of generation in 2022', Nick Wayth, the institute's chief executive, said ...
Wayth said the global primary energy mix had shown very little change, despite upheavals in trade flows and record prices for some commodities in the wake of Russia's invasion of Ukraine. Coal remained at 27% of consumption for a 6th consecutive year, oil increased slightly to 32% and gas market share fell slightly amid lower use for heating and transport".
Since that article was written in June 1st they managed to get to £23,000 (see https://www.crowdjustice.com/case/stop-balcombe-oil/ ), but it’s been on false pretences. If you read through the comments a lot of people think they’re donating to stop fracking. Here’s a question they could ask themselves: what would happen to the thousands of acres of trees around Balcombe if the oil and gas were switched off tomorrow? And another one, how would the people of Balcombe get to their jobs in London?
'FFBRA has raised £22,000 of the £35,000 needed to fight the legal challenge.'
the merchants of doom need to put their hands in their pockets.
... Frack Free Balcombe Residents’ Association (FFBRA) was granted permission for a statutory review of the minister’s decision.
The case will be heard over two days at the Royal Courts of Justice from 19-20 July 2023. (from article of 01/06 linked below)
https://drillordrop.com/2023/06/01/date-set-for-balcombe-v-gove/
OUTPUT DATA 25.06.2023
25/06/2023 00:00 25/06/2023 System Entry Calorific Value, Saltfleetby, D+1 41.0600 ***BELOW AVERAGE***
25/06/2023 00:00 25/06/2023 System Entry Energy, Saltfleetby, D+1 1,194,444.0000
25/06/2023 00:00 25/06/2023 System Entry Volume, Saltfleetby, D+1 0.1045 *** 3.6904 MMSCF/D***
Ongoing maintenance/installation with the permanent pipework
Daily Output (Therms) = 40,756
Month To Date (Therms) = 2,118,788
Average Per Day (Therms) From 25.05.23= 88,500
F/C Monthly Hedge 1+2 Completion = 27/06/2023 16:53
F/C Monthly Therms = 2,604,715
Average Monthly Price Per Therm = £0.7667
F/C Hedge 1 + 2 Revenue = £1,526,106
F/C Market Revenue = £409,100
F/C Net Monthly Saltfleetby Gas Rev = £1,935,205
F/C Net Rev Less Disbursements = £1,906,177
Links To Source data Files =
https://tradingeconomics.com/commodity/uk-natural-gas
https://mip-prd-web.azurewebsites.net/DataItemExplorer
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5351152
Assumption That The Hedge Requirement Is A Daily Pro Rata*
Daily Average Output Of 57,693 Therms To Complete The Monthly Hedge*
1) 3 Month Hedge Requirement Of 5,250,000 Therms / 91 Days: 01.04.2022 - 30.06.2023
2) 3 Month Hedge Requirement Of Additional 843,750 Therms / 91 Days: 01.04.2023 - 30.06.2023
Month Therms Revenue
Jan-23 1,909,995 £1,759,930.52
Feb-23 1,665,428 £1,481,677.39
Mar-23 1,833,268 £1,673,093.54
Apr-23 1,751,187 £1,264,570.11
May-23 2,604,715 £1,960,176.78
Jun-23 2,542,546 £1,935,205.37 Forecast
H1 2023 12,307,140 £10,074,653.72 Forecast
2023 Q2 Therms Revenue
Apr-23 1,751,187 £1,264,570.11
May-23 2,604,715 £1,960,176.78
Jun-23 2,542,546 £1,935,205.37 Forecast
Q2 2023 6,898,448 £5,159,952.27 Forecast
12 Month Share Price Forecast: 9.25mmscf/d
PE Factor = 5.00
Ord Shares = 3,590,393,701
FC Avg Therms / Day = 100,000.00
Debt Outstanding = £3,948,823.03
12 Mth Rev-Debt = £19,440,655.26
F/Cast Share Price (p) = 3.69
Based Upon Current Market Data and Responsible Debt Repayment Plan
Share Price Forecast Tracker (p)
Nov-23 1.72
Dec-23 1.78
Jan-24 2.02
Feb-24 2.41
Mar-24 2.79
Apr-24 3.17
May-24 3.44
Jun-24 3.69
Regards,
Howey,
Been here longer than I first anticipated in the Spring of 2019.
Can remember, when GL first arrived in 2019, he was looking at 4p as a more reasonable valuation of Angus. There's still a way to go!
Ocelot, I have said this a few too many times over the years but this is a case of a bit more patience.
Hopefully some positivity in the interim report on Friday and the continued rise in gas prices are the catalyst we need. I'm still staggered that the success we have hasn't been rewarded in terms of SP but it WILL come.
GLA.
But, of course, it's early in the session:
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5419492
Well, we are just past the inflection point for gas prices that will make up for the sidetrack overrun. Hopefully we will start getting some share price traction over the next few months.
MULTIPLIER 66,964
FIXED PRICE £0.7597
MERCURIA PAYMENT TO ANGUS = £50,870
MULTIPLIER 66,964
SPOT PRICE £0.8646
ANGUS PAYMENT TO MERCURIA = £57,898
LOSS on SWAP is £7,028 (made up from a loss on swap 1 £28,218 and a profit on swap 2 £21,190)
-----------------------------------------------------------------------------------------------------------------------------------
DAILY PRODUCTION therms 57,400
SPOT PRICE per THERM £0.8646
GAS SALES PAYMENT BY SHELL TO ANGUS = £49,628
GAS SALES gross profit = £42,600
Month to date GAS SALES PROFIT £1,551,874
less Shell 1.5% and Ntsec 0.386p/therm
1)SAP used instead of NBP