Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Without looking it up, and putting trust in a RNS put out by UKOG sometime ago, production costs were around $25 per barrel.
Probably will need qualifying.
Sure, it's definitely not as simple as "doubling production = halving Opex", because some opex costs are variable, rather than fixed.
However TBF, water disposal is no longer going to be a major cost issue at Brockham
" lets not forget that when you DOUBLE production you HALF the OPEX"
Nonsense - onshore UK you may have doubled your water disposal costs for a start
Which gas is this then?.
Yes you too Hits - re the OPEX whatever it is with Angus ( I am more familiar with bigger oil production bopds) lets not forget that when you DOUBLE production you HALF the OPEX
Apologies ( as Noted by Ocelot ) -Angus share 80 % - therefore gross annual revenue USD1.6M = £1.2M
always thought that looked high TBH - often included water disposal off site IRRC
Noel, just 80% is ANGS's.
OPEX cost per barrel? Traditionally about $45 as a rule of thumb, isn't it?
Excellent news on Brockham : "Current average rates of produc??on from the BRX2-Y well are 50 barrels of oil per day with an approximately equal amount of forma??on water produced and reinjected daily into BRX3. Presently the site now has over 400 barrels stored for sale"
Gross Income USD2M = £1.5M - a substantial contribution to the main Overhead/total Opex.
whats the OPEX ocelot?
Brockham:
Angus's 40 bopd share.
Prices prevailing now: $113.03; 1.2571
40 x 113.03/1.2571 =- £3,597 per day, £25,179 per week, £107,910 per 30-day month.
Donek WG is the plant lol!
i suspect that drone footage she was drooling over was from some time back.
next she will be telling us, all that equipment appeared today.
Maybe they are hoping for the wrong gas grommit, lol. GLA.
And there you have it! The timing again seems convenient so the company are taking note and trying to rectify the little blip!
Donek, I suspect WG is trying to find the next thing to point out that is not going to plan! As long as we keep coming up with the goods that disprove it, he/she can deramp away.
baits
Because until we have sign off that the construction is safe and acceptable to the authorities we can't sell gas. It is the final hurdle to overcome because once the structure has been passed for integrity the next news is 'first gas' and subsequently market sales and profit for ANGS.
The first gas achieved RNS 'could' also be a pre-condition of a potential sale. Once gas is flowing and the structure has been proved as safe, the prospective purchaser may formalise an offer and George will put it to shareholders with a recommendation to either accept or reject based on what he believes the asset is now worth.
Time will tell
where is our resident technical expert WG today?
she was rabbiting on about outstanding plant???
Tweet:
https://twitter.com/angusenergyplc/status/1528728427347558400?s=20&t=pFlmGxYWrHORKzCWpuLP5g
Relax everyone. I think the Brockham update was put out in an attempt to soften the blow of the TR-1. It hasn't worked but hopefully soon we will have a SFB update to get things going the other direction.
Given GP wanted the Sound deal to go ahead would suggest to me they wanted out regardless and saw 1.5p as a good exit price. That didn't work out so they had to settle for less. If they are ploughing into CEG, as suggested, then maybe they had to strike there and needed to hit a deadline.
Some good news on the testing and confirmation of gas, along with a little oil and all will be back on track.
GLA.
Rt is right. They would have placed the order some time ago. They are probably selling over at challenger right now. Clearing more profits.
Yanis, we don't know if the people in talks are just after SBY or the company yet, I personally want Angus to go it alone if possible.
Yanis, you have come across as somewhat nervous/twitchy today, which I find odd going by how close we are to gas and how positive you normally are. So although you might be 'upset' by RTs post, dont be, I think RT is just saying relax and go back to your regular positive self, posting good information as we near production. All good my friend.
Report me Yanis knock yourself out fella !!
You constantly do it at the slightest sense or inclination that there may be an "issue" In short you panic time after time I'll remind you fella that all past posts are viewable by everyone here
Go and lie down and relax. Its bad enough Ruth and her druids deramping 24/7 to then have someone who is a clear shareholdersadding salt to the wound
I can almost certainly guarantee 99% that I'm the biggest shareholder on this active sub forum and I'm delighted with todays news that Lucan now has $25,000 a week landing in Angus' accounts
RELAX....
ygra, what makes you think that completion of hydro test will be the trigger for a rerate?
Sorry to jump in Yanis2005 but after the Hydro test they will flood the pipes with Gas from the Grid then it is all systems go.
BV/Tygra, there isn’t going to be a buyer for the company, i thought GL clarified this? What is left are two parties looking at the asset (SFB).
Tygra, what makes you think that completion of hydro test will be the trigger for a rerate?