Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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July at 77.66p, + 22.5%
Means someone's bored on freetrade.
Perhaps they knew gas was about to jump? Of course they didn’t, but it’s just reached 74.75 - the highest this week and a 17.9% jump on the day https://www.bbc.co.uk/news/topics/cxwdwz5d8gxt/natural-gas.
City to beat inter 86-0. The mms have forecast it.
This share most probably has hit rock bottom and the only way to go is up as now with all the prospects is far too low and if it stays this way it is likely to be gobbled up at a price that we would not be happy with
MULTIPLIER 66,964
FIXED PRICE £0.7597
MERCURIA PAYMENT TO ANGUS = £50,870
MULTIPLIER 66,964
SPOT PRICE £0.6498
ANGUS PAYMENT TO MERCURIA = £43,513
PROFIT on SWAP is £7,357 (made up from a loss on swap 1 £15,825 and a profit on swap 2 £23,182)
-----------------------------------------------------------------------------------------------------------------------------------
DAILY PRODUCTION therms 0
SPOT PRICE per THERM £0.6498
GAS SALES PAYMENT BY SHELL TO ANGUS = £0
GAS SALES gross profit = £7,357
Month to date GAS SALES PROFIT £378,415
less Shell 1.5% and Ntsec 0.386p/therm
1)SAP used instead of NBP
There are a few more Suppliers showing Zero Flowrates also, surely a Tech Glitch.
Permanent pipe work due also to be completed lets hope good news soon ,gas prices likely to rise from Autumn onwards Angus if they get the pipework and storage sorted should capitalise on the demand thats coming whether its cold or not we all use more energy frustrating but a better position now waited long enough whats a couple of weeks more ?
Zero flow rates for the last 4 days. RH did say maintnenance for 2/3 days in June. Hopefully this is the reason and pick up again from next week.
Flow still showing zero, likely incorrectly.
08/06/2023 01:00:00 08/06/2023 System Entry Energy, Saltfleetby, D+1 0.0000 09/06/2023 12:01:01 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
Gas price recovering again:
https://www.barchart.com/futures/quotes/NFN23/futures-prices
08/06/2023 01:00:00 08/06/2023 System Entry Volume, Saltfleetby, D+1 0.0000 09/06/2023 12:01:01 L
07/06/2023 01:00:00 07/06/2023 System Entry Volume, Saltfleetby, D+1 0.0000 08/06/2023 12:01:01 L
They must be installing the new pipework do you think.
Industrial demand for gas in Europe’s largest nations remains depressed despite lower prices, as an economic slowdown weighs on consumption and customers pivot toward renewable energy.
Demand for the fuel in Germany, Italy, the Netherlands, France, Spain and the UK fell 9.7% in May from a year earlier, according to data from S&P Global Commodity Insights. That means consumption is lower than levels last year, when the European Union was trying to conserve gas ahead of the winter.
While that’s the smallest decline of any month this year, it underlines that European industries are struggling to bounce back from the energy crisis that followed Russia’s invasion of Ukraine. Industrial activity in the euro area is shrinking, and there are fears that some demand destruction could be permanent ...
https://www.bloomberg.com/news/articles/2023-06-09/weak-european-industry-is-keeping-gas-demand-depressed?srnd=premium-europe&sref=Em01M8Hr
The landing page relates to a development in West Newton before someone says what you talking about
Just scroll down
I see our resident ogre (6 previous aliases on Angus) is spouting off yet again on her Drill or Drop website albeit not over Angus. Looks like UKOG's Gas potential field at Dunsfold under attack in the High Court
I cant put the link as LSE will remove it but if you google Ruth Drill and Drop you'll find it
Looks like she's got that Fox killer Jolyon Maugham of Good Law Project on the case who have got a wicked success rate
Course as Angus completed successfully at Saltfleetby all reference to it disappeared off her site
From the FT: https://www.ft.com/content/f69e5069-1a00-42c1-8219-84ccd5cbbfd9
“Britain’s windfall tax on oil and gas producers is set to be scaled back as part of efforts to boost investment in the North Sea, according to three people briefed on the government’s plans.
“The chancellor, Jeremy Hunt, is expected to confirm plans to introduce a “floor” on the 35 per cent levy in the coming days so that it only applies if oil and gas prices trade above a certain level. Treasury officials are due to meet the oil and gas industry on Friday at a forum in Aberdeen.”
The Telegraph reports that the announcement could be made as soon as today (Friday): https://www.telegraph.co.uk/business/2023/06/08/jeremy-hunt-poised-ease-windfall-tax-boost-north-sea-oil/
Figure watchers - Chill, go eat some Cheesecake...
Funds have arrived for my top up... ;-)
...not to be confused with public relations, defined as "organised lying."
Howey,
The plant shutdown in June is very likely related to annual plant testing & certification as it is probably about right from the commissioning date.
Chesh, you may appreciate this.
That quoted phrase of yours - which has been much bandied about over the years - sounds like marketing speak to me.
A well-known former boss of mine once told me that the most accurate definition of marketing he'd ever heard was "lying, but with style"...
"The plant seems to have steadied now but we do have a two/three day shutdown planned for June"
The above was taken directly from Richard Herbert's answer to one of the last round of IQ's. This was planned, presumably in relation to the permanent pipework but it doesn't say specifically.
The spread between Europe’s natural gas prices for this winter and next is widening, signaling near-term risks are easing but greater uncertainty ahead.
Futures for December 2023 are trading at a discount of about 8% to December 2024, according to ICE Endex data. That’s a reversal from January, when the nearest winter contract traded at a premium.
The shift indicates Europe is relatively well-prepared for the coming heating season following a mild winter that allowed it to build up inventories with an influx of liquefied natural gas. But the coming years are more uncertain, as the region adjusts to a new reality with scant help from former top supplier Russia.
Winter next year “feels more risky,” said Nick Campbell, a director at consultant Inspired Energy. It will be too soon to benefit from additional flows of LNG from the US — scheduled to come online starting 2026 — and the weather can’t stay mild forever. A cold winter this year could potentially lower storage balances ahead of next summer, he said ...
https://www.bloomberg.com/news/articles/2023-06-08/europe-s-gas-prices-show-shift-in-risk-to-winter-next-year?srnd=premium-europe&sref=Em01M8Hr
MULTIPLIER 66,964
FIXED PRICE £0.7597
MERCURIA PAYMENT TO ANGUS = £50,870
MULTIPLIER 66,964
SPOT PRICE £0.6540
ANGUS PAYMENT TO MERCURIA = £43,798
PROFIT on SWAP is £7,071 (made up from a loss on swap 1 £16,070 and a profit on swap 2 £23,143)
-----------------------------------------------------------------------------------------------------------------------------------
DAILY PRODUCTION therms 0
SPOT PRICE per THERM £0.6540
GAS SALES PAYMENT BY SHELL TO ANGUS = £0
GAS SALES gross profit = £7,072
Month to date GAS SALES PROFIT £371,058
less Shell 1.5% and Ntsec 0.386p/therm
1)SAP used instead of NBP
System fault somewhere as there are other producers showing as 0.0000 for the last two days...
Showing zero again. Still suspect a problem with figures, as Monday's were normal and would seem strange to shut it down at Midnight, unless anyone has a better idea of the actual day start and finish times?
05/06/2023 01:00:00 05/06/2023 System Entry Calorific Value, Saltfleetby, D+1 41.3100 06/06/2023 12:01:01 L
05/06/2023 01:00:00 05/06/2023 System Entry Energy, Saltfleetby, D+1 3024444.0000 06/06/2023 12:01:01 L
05/06/2023 01:00:00 05/06/2023 System Entry Volume, Saltfleetby, D+1 0.2637 06/06/2023 12:01:01 L
08/06/2023 09:45:00 06/06/2023 System Entry Calorific Value, Saltfleetby , D+2 39.0000 08/06/2023 10:00:00
08/06/2023 09:45:00 06/06/2023 System Entry Energy, Saltfleetby , D+2 0.0000 08/06/2023 10:00:00
08/06/2023 09:45:00 06/06/2023 System Entry Volume, Saltfleetby , D+2 0.0000 08/06/2023 10:00:00
06/06/2023 01:00:00 06/06/2023 System Entry Calorific Value, Saltfleetby, D+1 39.0000 07/06/2023 12:01:00 L
06/06/2023 01:00:00 06/06/2023 System Entry Energy, Saltfleetby, D+1 0.0000 07/06/2023 12:01:00 L
06/06/2023 01:00:00 06/06/2023 System Entry Volume, Saltfleetby, D+1 0.0000 07/06/2023 12:01:00 L
07/06/2023 01:00:00 07/06/2023 System Entry Energy, Saltfleetby, D+1 0.0000 08/06/2023 12:01:01 L
07/06/2023 01:00:00 07/06/2023 System Entry Volume, Saltfleetby, D+1 0.0000 08/06/2023 12:01:01 L