Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Sorry - I will gate it right NOW - 0.1400mcm/day.
Read that as 0.01400mcm/day
Clive - Circa 50,000 therms/day is the current hedge requirement - ie ~ 01400 mcm/day for which Angus currently receives 0.3560pence/therm.
The balance/day- for which Mirasol has provide the figures - is sold at market rates. You can do the revenue.
"Oil prices lower after Iran attack on Israel"
"Prices had already risen in expectation of action by Iran, with Brent crude nearing a six-month high last week."
"Energy analyst Vandana Hari said the fall in the price of oil meant "clearly, the oil market does not see the need to factor in any additional supply threat at this point."
https://www.bbc.co.uk/news/business-68812949
They're smart boys, these commodity traders.
How much revenue does this translate into?
The chart I've found seems to suggest gas prices have bounced over the last week - up 10% according to https://tradingeconomics.com/commodities
Doesn't normally translate to a good time for oil stocks FormerlyeasyP, it is linked to hostilities between Iran & Israel, a typical global influence, which often also causes tin hats to be worn as folk run for the hills...
Personally don't think it is quiet there as yet, and hopefully not at all, but in this fastest finger first world we live in today, anything is possible.
Oil on the up, I would expect the oil & gas sector to enjoy a decent week. ANGS not so much....
02-Apr-24 0.1929
03-Apr-24 0.1910
04-Apr-24 0.1928
05-Apr-24 0.2034
06-Apr-24 0.2018
07-Apr-24 0.1934
08-Apr-24 0.1774
09-Apr-24 0.1701
10-Apr-24 0.1960
11-Apr-24 0.2021
12-Apr-24 0.2036
Ocelot: C4X is in a very different sector and appears to have cash equivalent to its market capitalisation. Doubtless it’s got issues (I haven’t looked at it thoroughly) but it doesn’t appear to share many characteristics with Angus, does it? I think the principal problem with AIM-listed resource companies is that the money they raise when they initially list on AIM is grossly insufficient to exploit whatever interests they have and they have to keep on coming back to the market, sometimes several times per year, for more money. Then it’s still too little. Meanwhile their Directors pay themselves frankly insupportable salaries and perquisites. They often fail to regain their listing price and, in spite of support by mugs in the shape of “averaging down”, “it would be rude not to have a few”(!) etc., they end up at a tiny fraction of their initial price. Some, admittedly, have a spike or two which do provide good opportunities for dealing profits but these hardly justify the listing.
I hope this company gets the support it needs to get it over the line. Other decent companies may follow suit and AIM may eventually consist of a lot of unloved, untradeable dogs. At which point, I should expect the theoretical oversight by the FCA to be discontinued. The UK economy will be unaffected, there will merely be a lot of greedy barrow boys looking for alternative employment. Good luck to them with that - the skills they’ve learned here are not really transferable, are they? Ocelot?
Times, Business, pp48-49 - 2 quotes:
"The problem of weak valuations is behind C4X's decision to take the company private at a meeting on Monday. Clive Dix, its chief executive , said: 'We believe we should be valued at 5 times, if not 10 times what we are and therefore raising money at 10 times the value would be much simpler. I don't think it's to do with the quality of the companies and the science. I just think that the environment, it doesn't work. There's no liquidity" ...
"Gervais Williams, head of equities at Premier Miton Investors, a long-term proponent of smaller listed companies, said ... 'The UK is cheap, but small caps are disgustingly, absurdly cheap' ... Nevertheless, he reckons a broad rally in UK-listed shares is coming, with the FTSE 100 index flirting with a record high. This, he believes, will result in a 'positive virtuous spiral' that will boost smaller listed companies. 'I'm more bullish now than I've been for 30 years".
Wow
Will add up to 35 bopd -- ang have 80 percent not life changing is it . THEY STILL HAVE the bad hedges ? Other debts
£20k buy late on.
Note: Angus's interest is now 80%
Why and when was Brockham's previous production closed?
Re Brockham, from 08:34:
"moving full speed ahead to bring that field back into production"; long lead items ordered, rig put on contract; plan to be doing a work-over in May.
Needs to manage expectations: relatively modest production, not currently set up for 24 hour production.
Certainly, if we are encouraged by early production, we will consider moving to 24-hour production.
Anticipating production some time in late May/early June.
Very exciting for us especially given current oil prices.
Yes, Ocelot, but none of their funds appears to hold any energy shares.
Don’t ignore Montanaro’s ‘buy’ signal for over-sold UK smaller companies
‘Every valuation metric is telling you to buy at this level,’ says Montanaro Asset Management's chief executive after lifting its stake in Montanaro UK Smaller Companies to 6%.
BY GAVIN LUMSDEN
A version of this article was published in the Telegraph’s Questor column earlier today.
A significant investment in Montanaro UK Smaller Companies (MTU) by its fund management company has flagged a contrarian buying opportunity in the investment trust and for UK small-cap funds in general ...
Why not make another prediction? It could hardly be more ridiculous than your last effort.
What will that do to the market cap?
Results of Annual General Meeting
Angus Energy (AIM: ANGS) is pleased to announce that at the Company's Annual General Meeting held earlier today all resolutions were passed.
THERE are, NOT "their are" - mind was elsewhere!
Scroll down and their are some higher prices further out, eg Q1 25 is at 93p:
https://www.ice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5600725
What external factors ? Have you quantum leaped here ?