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It's why George is waiting for sustainable flow rates. Once he knows them without the computer controls shutting down gas all the time lol . He can sort the amount of sale) nominations he can offer. Which as we know George pulled off the fantastic 100% off take deal with super major Shell!
Thanks DoneK. Wondered what the nominations meant. If the heavy penalties is correct, I would want to be 100% certain of everything in that case, and might explain a lot? Next week is another week...
7am RNS Gas will fek the traders and Greens.
George imo is keen to reward his loyal Shareholders. Btw I know somebody who got a call back from George himself.
Top man. Those knocking GL are bull ****ters. x
No problem and thank you.
Thank you Hamster
Input/output testing. Probably to due with the control system. Input signals from sensors and guages controling output devices such as valves for example.
I/O testing ??
One piece of advice Yanis. Try not to talk jargon. Us layman's don't know what you mean.
ATB!
Ohh. What a dilemma!
Shall we listen to the greenies and swing traders?
Or shall listen to Yanis who worked in the gas production industry for many years.
Yanis2005
Price: 1.275
No Opinion
Almost there!Today 15:04
Relax people, as per today’s tweets we are now in a much better situation than we we’re this morning.
Hedge quantities are being transferred to later quarters. As I predicted last Friday from last weeks tweet we needed a week maybe more. Well, is not much more.
There is no issue with the gas flow not being “adequate”, the issue is with getting steady flow.
Today’s tweet was a lot more positive than I expected as it indicates that all the preliminaries (I/O testing, function testing, etc. of individual equipment) have been completed.
From what was announced so far, in all likelihood the issue (at least the main issue) is with setting up controller and balancing flows. It should not take them long now to iron out these issues and stabilise the flow.
I think this week coming is the week of gas sales. Fingers crossed and good luck.
Have a nice weekend all.
Financial duster for share holders . Not necessarily for management.
Bent
I'm not at all sure that continually being forced through lack of production to beg to shunt hedged quantities out of the current quarter into even higher priced quarters in the first half of next year can be viewed as nothing but a positive.
Sure, it stops ANGS running out of working capital right now Mercuria has let it not make good on the July swap contract at least (which is a good thing)...
...but all it does is increase the hedged amounts in Q1 and Q2 next year. These already totalled 10.5 million therms before all the forced deferment shenanigans, so add in July 22's deferred 1.125 million therm and Q1+Q2 must now be well over 11.6 million therms - and that's considerably more than George's most optimistic forecast ever from the two existing wells.
It is now almost certain that more hedged volumes need to be deferred as well (i.e. at least some if not all of the Aug 22 hedge) - and that is simply going to make matters worse.
Not only will ANGS's revenue opportunity in the first half of next year be even more stifled (it'll effectively be forced to sell the first 12 million therms it produces at at around a 44p average per therm instead of at least 400p higher)...
...but also the financial risks resulting from it not managing to drill a successful sidetrack massively increase, with the ongoing rise in gas futures pricing.
In fact, given the many very onerous financial obligations George has already contractually tied into Saltfleetby, a failure to drill a successful sidetrack would almost certainly be company-ending IMO.
Gar
Yanis post 15.04
Sorry Copland
Brixton. Where does it say lack of steady flow?????
Copeland. Emailed nomad got my answer thank you.
I think Yanis's post has given more confidence than the Company's tweet. !!!!
Cheers Yanis. like I said just standard commissionig procedures from someone has worked in the gas industry for years.
Yes, one successful test away from nominations.
Relax people, as per today’s tweets we are now in a much better situation than we we’re this morning.
Hedge quantities are being transferred to later quarters. As I predicted last Friday from last weeks tweet we needed a week maybe more. Well, is not much more.
There is no issue with the gas flow not being “adequate”, the issue is with getting steady flow.
Today’s tweet was a lot more positive than I expected as it indicates that all the preliminaries (I/O testing, function testing, etc. of individual equipment) have been completed.
From what was announced so far, in all likelihood the issue (at least the main issue) is with setting up controller and balancing flows. It should not take them long now to iron out these issues and stabilise the flow.
I think this week coming is the week of gas sales. Fingers crossed and good luck.
Have a nice weekend all.