Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video 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.
Oce, its clear now that they underplayed SFB from the beginning and so brought the 49% of paul forrest on the cheap.
RH said the permanent pipeline 3 months, so I’m expecting mid August or earlier :-))))))))) The
I've pull together some previous Investor Questions and answers re the possibilities of Saltfleetby:
1/ Is there any significant oil at SFB that you will be looking to extract at any point in the future? Asked on 23 November 2022
No plans as of yet. There is oil but we have never evaluated whether it has commercial significance.
2/ What is the geological & commercial chance of success for the 2 sidetracks at SFB Asked on 1 September 2022
Only one side track is immediately planned on well 7 and I refer you to earlier extensive answers already provided on these page – we view Chance of Success as extremely high.
A potential further side track into the southern hemisphere from another well has been carefully considered and planning and permitting work will begin shortly. The Chance of Success here is definitely good but harder to evaluate at this stage but this further side-track would open up considerable new resources whereas the immediate side-track is merely accelerating production of known resources by re-entering a part of the reservoir which was historically highly productive ( and the old well addressing it was shut-in only due to a technical failure of the well-bore unrelated to the productivity of the reservoir itself).
3/ Will there be further sidetracks at SBY in future to reduce the hedged gas at these high prices. Thankyou, and keep up the excellent work. Asked on 1 July 2022
Yes, although none planned for 2022. We would like to open up the southern lobe of the field in 2023 where we see low cost side tracks for high potential returns.
4/ When will the full remap images of Saltfleetby be available, and would you buy/lease further equipment to enhance production from other areas of the licence. Thankyou. Asked on 8 November 2021
We are waiting on input from partners on our interpretation and will update on that and discussions with neighbouring licence holders as soon as it is received.
Planned maintenance, I think, rather than for the permanent pipeline.
They did say 'late Summer; for the permanent pipeline (02/05 RNS) unless it has been updated since, which is open to a wide interpretation as to a timescale, but I suspect it will be some time in Q3.
Improving prices a plus, good call to do this maintenance at a time when prices are historically lower. Hopefully any future outages will be for a shorter time period, perhaps this shutdown was for longer than anticipated?
gla
CORRECTED
MULTIPLIER 66,964
FIXED PRICE £0.7597
MERCURIA PAYMENT TO ANGUS = £50,870
MULTIPLIER 66,964
SPOT PRICE £0.7618
ANGUS PAYMENT TO MERCURIA = £51,012
LOSS on SWAP is £142 (made up from a loss on swap 1 £22,285 and a profit on swap 2 £22,143)
-----------------------------------------------------------------------------------------------------------------------------------
DAILY PRODUCTION therms 101,947
SPOT PRICE per THERM £0.7618
GAS SALES PAYMENT BY SHELL TO ANGUS = £77,663
GAS SALES gross profit = £77,521
Month to date GAS SALES PROFIT £455,936
less Shell 1.5% and Ntsec 0.386p/therm
1)SAP used instead of NBP
MULTIPLIER 66,964
FIXED PRICE £0.7597
MERCURIA PAYMENT TO ANGUS = £50,870
MULTIPLIER 66,964
SPOT PRICE £0.
ANGUS PAYMENT TO MERCURIA = £38,791
LOSS on SWAP is £142 (made up from a loss on swap 1 £22,285 and a profit on swap 2 £22,143)
-----------------------------------------------------------------------------------------------------------------------------------
DAILY PRODUCTION therms 101,947
SPOT PRICE per THERM £0.7618
GAS SALES PAYMENT BY SHELL TO ANGUS = £77,663
GAS SALES gross profit = £77,521
Month to date GAS SALES PROFIT £455,936
less Shell 1.5% and Ntsec 0.386p/therm
1)SAP used instead of NBP
Good to see, will we find out why there was a four day break? Hopefully for the permanent connection, or is that too soon? Good news all the same.
09/06/2023 01:00:00 09/06/2023 System Entry Volume, Saltfleetby, D+1 0.2603 10/06/2023 12:01:00 L
08/06/2023 01:00:00 08/06/2023 System Entry Volume, Saltfleetby, D+1 0.0000 09/06/2023 12:01:01 L
New wells and a New layer, this comes from comservative Richey Herbert who does not over promise and under deliver.
Excited times.
Bang on BV
Its the first time they mentioned this new layer, after the sidetrack was pumping....
Exactly Donek, and I think we all know what the report will show. That's why I previously mentioned that we would suddenly have more gas at SBY, surprise surprise lol!
The Namurian reservoir, which sits below the Westphalian from which the Company currently extracts natural gas, has produced 1.5 bcf to date but a very wide variation of gas in place exists between our own recent CPRs and internal estimates by previous Operators, Gazprom-Wintershall and Roc Oil. To date no detailed interpretation of the Namurian, independent from the Westphalian, has been undertaken and accordingly a full third party re-interpretation of both reservoirs is presently underway, expected to complete in October.
I wonder how much gas we really have??
Should see a significant price rise on the shares on Monday due to rising price of gas.
Hamsters, it's just the Icecream man totting up his sales with the hot weather lol!
Apology accepted. Just checked the trade £11,239.99. My average is 1.8p. I am a LTH from before Saltfleetby and it has taken a lot of trading to get my B/E down. Luckily I bought more in the dip late 2021/early 2022 and then there was a spike last September that I sold lots in to otherwise I would be in poor shape. I think that anyone with a sub 2p B/E should make money here given a 1 year time horizon. Here's hoping.
Ok mate, apologies then. good luck. 4.5 is quite the holding! what is your average?
Not a lie you walking 4 letter word! I just put an extra 1 in it 1.12. Takes me from 3.5m to 4.5m. It is my trade . I posted well before it appeared here and it was a buy.
Some toddler on its parents phone, liking the response when ‘buy now’ is pressed, or, someone fallen asleep and their forehead has landed on the key for ‘buy now’, or a MM weather alert warning in Fahrenheit?
So embarrassing ! why lie like that Sageman
Looks like someone doesn't even know what the trade price was either duh!
Looks like your buy has gone down as a sale :(
On June 1st the gas price for July was 54p.
Although the price has been turbulent since then with large day rises and falls, it’s current just over 80p (an almost 50% increase so far this month).
It’s worth remembering that June is usually the month that prices reach their year low and then start to recover. At the moment this year looks to be no exception.
Given Angus’ steady and significant gas production flows (hopefully they’ve got this months’ expected maintenance out of the way), its share price should follow the gas price up.
European natural gas futures soared as much as 23%, as traders reassess supply risks amid signs of global competition for the fuel and a heat wave bearing down on the region.
The benchmark contract is on course to end the week 38% higher, the most since last August, near the height of Europe’s energy crisis. It’s also the first weekly gain since March.
Friday’s surge is the latest example of extreme volatility this week, after the contract appeared to find a floor around €23. While high inventories and subdued industrial demand have depressed prices in recent months, traders are on edge about the possibility of tightening supplies ...
https://www.bloomberg.com/news/articles/2023-06-09/europe-gas-prices-surge-to-three-week-high-as-heat-sets-in?srnd=premium-europe&sref=Em01M8Hr
I have been closely watching the SP and the counter attack in Ukraine. Couldn't resist another million shares at 1.112 given the rise in gas.
Nice, it's strange that John Henry only remarks when the Gas price is falling mmmmmm?