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---------------THERMS------AVE PRICE*-----GAS SALES----SWAP LOSS----PROFIT------CUM PROFIT
SEP----------1,220,442-------2.5100---------3,063,355------1,915,195-----1,148,160
Q4 21/22----1,220,446-------2.5100---------3,063,355------1,915,195-----1,148,160
OCT----------1,858,101-------1.0716---------1,991,096------1,038,509-------952,587
NOV----------1,984,426-------1.2731---------2,526,340------1,315,243-----1,211,097
DEC----------1,801,043-------2.7515----------4,955,520------4,029,598-------925,922
Q1 22/23----5,643,570-------1.6785----------9,472,956------6,383,350-----3,089,606
JAN----------1,908,520-------1.5572----------2,971,995------1,086,115-----1,885,880
FEB----------1,680,025-------1.3315----------2,236,879---------555,291-----1,681,588
MAR----------1,833,369-------1.0877--------1,994,119-----------145,247------1,848,872
Q2 22/23----5,421,914-------1.3285---------7,202,993-------1,786,653------5,416,340
H1 22/23---11,065,484-------1.5070-------16,675,949-------8,170,003------8,505,946
APR-----------1,751,187-------0.9788--------1,714,147----------481,366-------1,232,781-----10,886,887
1)Gas price is sap not NBP.
2)Gas sales includes Shell and NTSEC deductions.
3)Profit is gross profit.
4)*Effective price.
--------------THERMS---AVE PRICE*---GAS SALES---SWAP profit (loss)--PROFIT------CUM PROFIT
SEP---------1,220,442----2.5100--------3,063,355---------(1,915,195)-----1,148,160
Q4 21/22---1,220,446---2.5100--------3,063,355----------(1,915,195)----1,148,160
OCT----------1,858,101---1.0716--------1,991,096----------(1,038,509)------952,587
NOV----------1,984,426---1.2731--------2,526,340----------(1,315,243)----1,211,097
DEC----------1,801,043----2.7515-------4,955,520----------(4,029,598)------925,922
Q1 22/23----5,643,570----1.6785-------9,472,956----------(6,383,350)----3,089,606
JAN-----------1,908,520----1.5572-------2,971,995----------(1,086,115)----1,885,880
FEB-----------1,680,025----1.3315-------2,236,879-------------(555,291)---1,681,588
MAR-----------1,833,369----1.0877---------1,994,119-----------(145,247)---1,848,872
Q2 22/23-----5,421,914-----1.3285------7,202,993-----------(1,786,653)---5,416,340
H1 22/23----11,065,484-----1.5070-----16,675,949----------(8,170,003)----8,505,946
APR-------------1,751,187-----0.9788------1,714,147-------------(481,366)----1,232,781-----10,886,887
1)Gas price is sap not NBP.
2)Gas sales includes Shell and NTSEC deductions.
3)Profit is gross profit.
4)*Effective price.
---------------THERMS------AVE PRICE*-----GAS SALES----SWAP LOSS----PROFIT------CUM PROFIT
SEP----------1,220,442-------2.5100---------3,063,355------1,915,195-----1,148,160
Q4 21/22----1,220,446-------2.5100---------3,063,355------1,915,195-----1,148,160
OCT----------1,858,101-------1.0716---------1,991,096------1,038,509-------952,587
NOV----------1,984,426-------1.2731---------2,526,340------1,315,243-----1,211,097
DEC----------1,801,043-------2.7515----------4,955,520------4,029,598-------925,922
Q1 22/23----5,643,570-------1.6785----------9,472,956------6,383,350-----3,089,606
JAN----------1,908,520-------1.5572----------2,971,995------1,086,115-----1,885,880
FEB----------1,680,025-------1.3315----------2,236,879---------555,291-----1,681,588
MAR----------1,833,369-------1.0877---------1,994,119---------145,247------1,848,872
Q2 22/23----5,421,914-------1.3285---------7,202,993-------1,786,653------5,416,340
H1 22/23---11,065,484-------1.5070-------16,675,949-------8,170,003------8,505,946
APR-----------1,751,187-------0.9788--------1,714,147----------481,366-------1,232,781-----10,886,887
1)Gas price is sap not NBP.
2)Gas sales includes Shell and NTSEC deductions.
3)Profit is gross profit.
4)*Effective price.
---------------THERMS------AVE PRICE------GAS SALES----SWAP LOSS-----PROFIT------CUM PROFIT
SEP----------1,220,442-------2.5100---------3,063,355------1,915,195-----1,148,160---------------------
Q4 21/22----1,220,446-------2.5100---------3,063,355------1,915,195-----1,148,160---------------------
OCT----------1,858,101-------1.0716---------1,991,096------1,038,509-------952,587--------------------
NOV----------1,984,426-------1.2731---------2,526,340------1,315,243-----1,211,097--------------------
DEC----------1,801,043-------2.7515----------4,955,520------4,029,598------925,922---------------------
Q1 22/23----5,643,570-------1.6785----------9,472,956------6,383,350-----3,089,606-------------------
JAN----------1,908,520-------1.5572----------2,971,995------1,086,115-----1,885,880--------------------
FEB----------1,680,025-------1.3315----------2,236,879---------555,291-----1,681,588--------------------
MAR----------1,833,369-------1.0877---------1,994,119---------145,247------1,848,872-------------------
Q2 22/23----5,421,914-------1.3285---------7,202,993-------1,786,653------5,416,340-------------------
H1 22/23---11,065,484-------1.5070-------16,675,949-------8,170,003------8,505,946------------------
APR-----------1,751,187-------0.9788--------1,714,147----------481,366-------1,232,781-----10,886,887
1)Gas price is sap not NBP.
2)Gas sales includes Shell and NTSEC deductions.
3)Profit is gross profit.
MULTIPLIER 66,964
FIXED PRICE £0.7597
DAILY PRODUCTION therms
SPOT PRICE per THERM £
MERCURIA PAYMENT TO ANGUS = £50,870
ANGUS PAYMENT TO MERCURIA = £
LOSS on SWAP is £ (made up from a loss on swap 1 £ and a profit on swap 2 £)
GAS SALES PAYMENT BY SHELL TO ANGUS = £
GAS SALES gross profit = £
Month to date GAS SALES PROFIT £
less Shell 1.5% and Ntsec 0.386p/therm
1)SAP used instead of NBP
DAILY PRODUCTION therms
SPOT PRICE per THERM £
MERCURIA PAYMENT TO ANGUS = £
ANGUS PAYMENT TO MERCURIA = £
LOSS on SWAP is £ (made up from a loss on swap 1 £ and a profit on swap 2 £)
GAS SALES PAYMENT BY SHELL TO ANGUS = £
GAS SALES gross profit = £
Month to date GAS SALES PROFIT £
less Shell 1.5% and Ntsec 0.386p/therm
1)SAP used instead of NBP
DAILY PRODUCTION therms
SPOT PRICE per THERM £
MERCURIA PAYMENT TO ANGUS = £
ANGUS PAYMENT TO MERCURIA = £
LOSS on SWAP is £4636 (made up from a loss on swap 1 £26,157 and a profit on swap 2 £21,521)
GAS SALES PAYMENT BY SHELL TO ANGUS = £
GAS SALES gross profit = £
Month to date GAS SALES PROFIT £
less Shell 1.5% and Ntsec 0.386p/therm
1)SAP used instead of NBP
DAILY PRODUCTION 62,063 therms
SPOT PRICE per THERM £0.8289
MERCURIA PAYMENT TO ANGUS
66,964 X £0.75967 = £50,870
ANGUS PAYMENT TO MERCURIA
66,964 X £0.8289 = £55,506
LOSS on SWAP is £4636 (made up from a loss on swap 1 £26,157 and a profit on swap 2 £21,521)
GAS SALES PAYMENT BY SHELL TO ANGUS
62,063 therms @ £0.8289 sold for = £51,444
51,444 - 4,636 = £46,808 GAS SALES gross profit.
Month to date GAS SALES PROFIT £1,265,747
less Shell 1.5% and Ntsec 0.386p/therm
1)SAP used instead of NBP
COMBINING THE SWAPS
SWAP 1
CURRENT PRODUCTION PERIOD 01/04/23 - 30/06/23
5,250,000 THERMS, FIXED PRICE 37.55p per THERM.
5,250,000 THERMS/91 DAYS = 57,692 THERMS per DAY.
SWAP2
CURRENT PRODUCTION PERIOD 01/04/23 - 30/06/23
843,750 THERMS, FIXED PRICE £3.1500 per THERM.
843,750 THERMS/91 DAYS = 9,272 THERMS per DAY.
FIXED and VARIABLE MULTIPLIER
57,692 + 9,272 = 66,964
DAILY REVENUE FROM FIXED PRICE
(57,692 X £0.3755) + (9,272 X £3.15) = £50,870
FIXED PRICE per THERM is 50,870/66,964 = £0.7597
DAILY PRODUCTION 62,063 therms
SPOT PRICE per THERM £0.8289
MERCURIA PAYMENT TO ANGUS
66,964 X £0.75967 = £50,870
ANGUS PAYMENT TO MERCURIA
66,964 X £0.8289 = £55,506
LOSS on SWAP is £4636 (made up from a loss on swap 1 £26,157 and a profit on swap 2 £21,521)
GAS SALES PAYMENT BY SHELL TO ANGUS
62,063 therms @ £0.8289 sold for = £51,444
51,444 - 4,636 = £46,808 GAS SALES gross profit.
Month to date GAS SALES PROFIT £1,265,747
less Shell 1.5% and Ntsec 0.386p/therm
1)SAP used instead of NBP
----------THERMS-----AVE PRICE---GAS SALES----SWAP LOSS-----PROFIT------CUM PROFIT
SEP-----1,220,442-------2.56---------3,069,268------1,810,688-----1,258,580------1,258,580---
OCT-----1,858,101-------1.10---------1,991,095------1,038,509-------952,586------2,211,166---
NOV-----1,984,426-------1.25---------2,525,361------1,315,243-----1,210,118------3,421,284---
DEC-----1,801,043-------2.77----------4,955,520------4,029,598-------925,922------4,347,206---
JAN-----1,908,520--------1.58---------2,971,995------1,086,733-----1,885,262------6,232,468---
FEB------1,680,025-------1.35---------2,236,878---------550,781-----1,686,097------7,918,565---
MAR------1,833,369-------1.11---------1,994,119--------145,247------1,848,872------9,767,437---
APR-------1,751,187-------1.00---------1,714,147-------481,366-------1,232,781-----11,000,218---
In September 22 we acheived 1st gas and produced 1.26m therms as per page 6 of the 22 EOY report.We sold this gas to shell for 3.045m as per page 57 of the 22 EOY report.
P.S. Note my post 12.21 1st Nov 22 ----1.22m therms produced for GAS SALES (after TO & NTSEC) 3.069m.
Page 57
5. Revenue and segment information.
Currently, the Group’s principal revenue is derived from the sale of natural gas and oil. All revenue arose fromcontinuing operations within the United Kingdom. Therefore, management considers no detail of operatingand geographical segments information is to be reported. All the non-current assets of the Group are located in the United Kingdom. All revenue arising from sale of natural gas is derived from sales to Shell plc and represents over 97% of the Company’s revenue
In September 22 we acheived 1st gas and produced 1.26m therms as per page 6 of the 22 EOY report.We sold this gas to shell as per page 57 of the 22 EOY report.P.S.note final sentence below. Also note my post 12.21 1st Nov 22--- GAS SALES (after TO & NTSEC) 3.069m.Page 575. Revenue and segment informationCurrently, the Group’s principal revenue is derived from the sale of natural gas and oil. All revenue arose fromcontinuing operations within the United Kingdom. Therefore, management considers no detail of operatingand geographical segments information is to be reported. Nonetheless, the Group’s revenue can be classifiedinto the following streams:-------------------------------------------2022---------------------- 2021-------------------------------------------£’000 ---------------------£’000Sale of oil ----------------------------------97 ----------------------0Sale of natural gas------------------- 3,045 ----------------------0---------------------------------------------3,142 ----------------------0All the non-current assets of the Group are located in the United Kingdom. All revenue arising from sale ofnatural gas is derived from sales to Shell plc and represents over 97% of the Company’s revenue
These are the results using the new swap schedule from this years annual report.
-----------------OUTFLOW (what Angus pays Mercuria)
PRODUCTION PERIOD 1----------- 01/07/22 - 30/09/22
SEP multiplier for swap 843,750 x floating price £2.5600 = £2,160,000
PRODUCTION PERIOD 2------------01/10/22 - 31/03/23
OCT multiplier for swap 1,788,452 x floating price £1.1017 = £1,969,377
NOV multiplier for swap 1,730,760 x floating price £1.2486 = £2,216,083
DEC multiplier for swap 1,788,452 x floating price £2.7736 = £4,960,466
JAN multiplier for swap 2,079,077 x floating price £1.5827 = £3,290,555
FEB multiplier for swap 1,877,875 x floating price £1.3533 = £2,541,328
MAR multiplier for swap 2,079,077 x floating price £1.1299 = £2,349,069
TOTAL OUTFLOW FROM PRODUCTION PERIOD 2 £17,326,878
TOTAL OUTFLOW FROM ANGUS TO MERCURIA prod periods 1,2 £19,486,878
--------------------INFLOW (what Mercuria pays Angus)
PRODUCTION PERIOD 1----------- 01/07/22 - 30/09/22
SEP multiplier for swap 843,750 x fixed price £0.4140 = £349,312
PRODUCTION PERIOD 2----------- 01/10/22 - 31/03/23
OCT multiplier for swap 1,788,452 x fixed price £0.5205 = £930,868
NOV multiplier for swap 1,730,670 x fixed price £0.5205 = £900,840
DEC multiplier for swap 1,788,452 x fixed price £0.5205 = £930,868
JAN multiplier for swap 2,079,077 x fixed price £1.0600 = £2,203,822
FEB multiplier for swap 1,877,875 x fixed price £1.0600 = £1,990,547
MAR multiplier for swap 2,079,875 x fixed price £1.0600 = £2,203,822
TOTAL INFLOW FROM PRODUCTION PERIOD 2 £9,160,767
TOTAL INFLOW FROM MERCURIA TO ANGUS prod periods 1,2 £9,510,079
PRODUCTION PERIOD 1 ------LOSS £1,810,688
PRODUCTION PERIOD 2 ------LOSS £8,166,111
TOTAL loss on commodity swap to 31st March inc £9,976,799
GAS SALES (Inc monthly Shell take-off at 1.5% and NTSEC 0.386p per therm deductions)
PRODUCTION PERIOD 1----- 01/07/22 to 30/09/22
SEP 1,220,442 therms for £3,069,061
GAS SALES QUARTER 4 22-------1,220,442 therms for £3,069,061
PRODUCTION PERIOD 2----- 01/10/22 to 31/03/23
OCT 1,858,101 therms for £1,991,096
NOV 1,984,426 therms for £2,525,361
DEC 1,801,043 therms for £4,955,520
GAS SALES QUARTER 1 22------ 5,643,570 therms for £9,638,336
JAN 1,908,520 therms for £2,971,955
FEB 1,680,025 therms for £2,236,878
MAR 1,833,369 therms for £1,994,119
GAS SALES QUARTER 2 23-------5,421,914 therms for £7,202,952
PRODUCTION PERIOD 1-------GAS SALES £3,069,061
PRODUCTION PERIOD 2-------GAS SALES £16,841,288
Total gas sales REVENUE to 31st March inc £19,910,349
Gas sales REVENUE less SWAP LOSS at Saltfleetby to 31st March inc £9,933,550
1) SAP price used
2) Catch up payment of £4.175m (to Mercuria) should probably be applied to production period 1
These are the results using the new swap schedule from this years annual report.
-----------------OUTFLOW (what Angus pays Mercuria)
PRODUCTION PERIOD 1----------- 01/07/22 - 30/09/22
SEP multiplier for swap 843,750 x floating price £2.5600 = £2,160,000
PRODUCTION PERIOD 2------------01/10/22 - 31/03/23
OCT multiplier for swap 1,788,452 x floating price £1.1017 = £1,969,377
NOV multiplier for swap 1,730,760 x floating price £1.2486 = £2,216,083
DEC multiplier for swap 1,788,452 x floating price £2.7736 = £4,960,466
JAN multiplier for swap 2,079,077 x floating price £1.5827 = £3,290,555
FEB multiplier for swap 1,877,875 x floating price £1.3533 = £2,541,328
MAR multiplier for swap 2,079,077 x floating price £ = £
TOTAL OUTFLOW FROM PRODUCTION PERIOD 2 £
TOTAL OUTFLOW FROM ANGUS TO MERCURIA prod periods 1,2 £
--------------------INFLOW (what Mercuria pays Angus)
PRODUCTION PERIOD 1----------- 01/07/22 - 30/09/22
SEP multiplier for swap 843,750 x fixed price £0.4140 = £349,312
PRODUCTION PERIOD 2----------- 01/10/22 - 31/03/23
OCT multiplier for swap 1,788,452 x fixed price £0.5205 = £930,868
NOV multiplier for swap 1,730,670 x fixed price £0.5205 = £900,840
DEC multiplier for swap 1,788,452 x fixed price £0.5205 = £930,868
JAN multiplier for swap 2,079,077 x fixed price £1.0600 = £2,203,822
FEB multiplier for swap 1,877,875 x fixed price £1.0600 = £1,990,547
MAR multiplier for swap 2,079,875 x fixed price £1.0600 = £2,203,822
TOTAL INFLOW FROM PRODUCTION PERIOD 2 £9,160,767
TOTAL INFLOW FROM MERCURIA TO ANGUS prod periods 1,2 £9,510,079
PRODUCTION PERIOD 1 ------LOSS £1,810,688
PRODUCTION PERIOD 2 ------LOSS £
TOTAL loss on commodity swap to 31st March inc £
GAS SALES (Inc monthly Shell take-off at 1.5% and NTSEC 0.386p per therm deductions)
PRODUCTION PERIOD 1----- 01/07/22 to 30/09/22
SEP 1,220,442 therms for £3,069,061
QUARTER 4 22-------1,220,442 therms for £3,069,061
PRODUCTION PERIOD 2----- 01/10/22 to 31/03/23
OCT 1,858,101 therms for £1,991,096
NOV 1,984,426 therms for £2,525,361
DEC 1,801,043 therms for £4,955,520
QUARTER 1 22------ 5,643,570 therms for £9,638,336
JAN 1,908,520 therms for £2,971,955
FEB 1,680,025 therms for £2,236,878
MAR therms for £
QUARTER 2 23------- therms for £
PRODUCTION PERIOD 1-------GAS SALES £3,069,061
PRODUCTION PERIOD 2-------GAS SALES £
Total gas sales REVENUE to 31st March inc £
Gas sales REVENUE less SWAP LOSS at Saltfleetby to 31st March inc £
1) SAP price used
2) Catch up payment of £4.175m (to Mercuria) should probably be applied to production period 1
These are the results using the new swap schedule from this years annual report.
-----------------OUTFLOW (what Angus pays Mercuria)----------
Production Period 1-------------- 01/07/22 - 30/09/22
SEP multiplier for swap 843,750 x floating price £2.5600 = £2,160,000
Production Period 2--------------- 01/10/22 - 31/03/23
OCT multiplier for swap 1,788,452 x floating price £1.1017 = £1,969,377
NOV multiplier for swap 1,730,760 x floating price £1.2486 = £2,216,083
DEC multiplier for swap 1,788,452 x floating price £2.7736 = £4,960,466
JAN multiplier for swap 2,079,077 x floating price £1.5827 = £3,290,555
FEB multiplier for swap 1,877,875 x floating price £1.3533 = £2,541,328
MAR multiplier for swap 2,079,077 x floating price £ = £
TOTAL OUTFLOW FROM PRODUCTION PERIOD 2 £
TOTAL OUTFLOW FROM ANGUS TO MERCURIA prod periods 1,2 £
-----------------INFLOW (what Mercuria pays Angus)-------------
production period 1------------ 01/07/22 - 30/09/22
SEP multiplier for swap 843,750 x fixed price £0.4140 = £349,312
Production Period 2-------------- 01/10/22 - 31/03/23
OCT multiplier for swap 1,788,452 x fixed price £0.5205 = £930,868
NOV multiplier for swap 1,730,670 x fixed price £0.5205 = £900,840
DEC multiplier for swap 1,788,452 x fixed price £0.5205 = £930,868
JAN multiplier for swap 2,079,077 x fixed price £1.0600 = £2,203,822
FEB multiplier for swap 1,877,875 x fixed price £1.0600 = £1,990,547
MAR multiplier for swap 2,079,875 x fixed price £1.0600 = £2,203,822
TOTAL INFLOW FROM PRODUCTION PERIOD 2 £9,160,767
TOTAL INFLOW FROM MERCURIA TO ANGUS prod periods 1,2 £9,510,079
PRODUCTION PERIOD 1 --------------LOSS £1,810,688
PRODUCTION PERIOD 2 --------------LOSS £
TOTAL loss on commodity swap to 31st March inc £
GAS SALES (Inc monthly Shell take-off at 1.5% and NTSEC 0.386p per therm deductions)
Production Period 1--------------- 01/07/22 to 30/09/22
SEP 1,220,442 therms for £3,069,061
Production Period 2------------- 01/10/22 to 31/03/23
OCT 1,858,101 therms for £1,991,096
NOV 1,984,426 therms for £2,525,361
DEC 1,801,043 therms for £4,955,520
QUARTERLY therms produced 5,643,570 for £9,638,336
JAN 1,908,520 therms for £2,971,955
FEB 1,680,025 therms for £2,236,878
MAR therms for £
QUARTERLY therms produced for £
PRODUCTION PERIOD 1-----------PROFIT £
PRODUCTION PERIOD 2-----------PROFIT £
Total gas sales PROFIT to 31st March inc £
Sales - Swap loss () = £
Gas sales PROFIT at Saltfleetby to 31st March inc £
These are the results using the new swap schedule from this years annual report.
-----------------OUTFLOW (what Angus pays Mercuria)----------
Production period 1 01/07/22 - 30/09/22
SEP multiplier for swap 843,750 x floating price £2.5600 = £2,160,000
Production period 2 01/10/22 - 31/03/23
OCT multiplier for swap 1,788,452 x floating price £1.1017 = £1,969,377
NOV multiplier for swap 1,730,760 x floating price £1.2486 = £2,216,083
DEC multiplier for swap 1,788,452 x floating price £2.7736 = £4,960,466
JAN multiplier for swap 2,079,077 x floating price £1.5827 = £3,290,555
FEB multiplier for swap 1,877,875 x floating price £1.3533 = £2,541,328
MAR multiplier for swap 2,079,077 x floating price £ = £
TOTAL OUTFLOW FROM PRODUCTION PERIOD 2 £
TOTAL OUTFLOW FROM ANGUS TO MERCURIA prod periods 1,2 £
-----------------INFLOW (what Mercuria pays Angus)-------------
production period 1 01/07/22 - 30/09/22
SEP multiplier for swap 843,750 x fixed price £0.4140 = £349,312
Production period 2 01/10/22 - 31/03/23
OCT multiplier for swap 1,788,452 x fixed price £0.5205 = £930,868
NOV multiplier for swap 1,730,670 x fixed price £0.5205 = £900,840
DEC multiplier for swap 1,788,452 x fixed price £0.5205 = £930,868
JAN multiplier for swap 2,079,077 x fixed price £1.0600 = £2,203,822
FEB multiplier for swap 1,877,875 x fixed price £1.0600 = £1,990,547
MAR multiplier for swap 2,079,875 x fixed price £1.0600 = £2,203,822
TOTAL INFLOW FROM PRODUCTION PERIOD 2 £9,160,767
TOTAL INFLOW FROM MERCURIA TO ANGUS prod periods 1,2 £9,510,079
PRODUCTION PERIOD 1 _________LOSS £1,810,688
PRODUCTION PERIOD 2 _________LOSS £
TOTAL loss on commodity swap to 31st March inc £
GAS SALES (Inc monthly Shell take-off at 1.5% and NTSEC 0.386p per therm deductions)
PRODUCTION PERIOD 01/07/22 to 30/09/22
SEP 1,220,442 therms for £3,069,061
PRODUCTION PERIOD 01/10/22 to 31/03/23
OCT 1,858,101 therms for £1,991,096
NOV 1,984,426 therms for £2,525,361
DEC 1,801,043 therms for £4,955,520
QUARTERLY therms produced 5,643,570 for £9,638,336
JAN 1,908,520 therms for £2,971,955
FEB 1,680,025 therms) for £2,236,878
Total gas sales to 28th FEB inc. £17,949,911
Sales 17,949,911 - Swap loss (9,829,319) = £7,920,592
Gas sales PROFIT at Saltfleetby to 28th FEB inc. £7,920,592
These are the results using the new swap schedule from this years annual report.
-----------------OUTFLOW (what Angus pays Mercuria)----------
SEP multiplier for swap 843,750 x ave floating price £2.5600 = £2,160,000
OCT multiplier for swap 1,788,452 x floating price £1.1017 = £1,969,377
NOV multiplier for swap 1,730,760 x floating price £1.2486 = £2,216,083
DEC multiplier for swap 1,788,452 x floating price £2.7736 = £4,960,466
JAN multiplier for swap1 1,788,452 x floating price £1.5827 = £2,830,586
JAN multiplier for swap2 290,625 x floating price £1.5827 = £459,850
FEB multiplier for swap1 1,615,375 x floating price £1.3533 = £2,183,887
FEB multiplier for swap 2 262,500 x floating price £1.3533 = £355,258
TOTAL OUTFLOW FROM ANGUS TO MERCURIA £17,135,507
-----------------INFLOW (what Mercuria pays Angus)-------------
SEP multiplier for swap 843,750 x fixed price £0.4140 = £349.312
OCT multiplier for swap 1,788,452 x fixed price £0.5205 = £930,868
NOV multiplier for swap 1,730,670 x fixed price £0.5205 = £900,840
DEC multiplier for swap 1,788,452 x fixed price £0.5205 = £930,868
JAN multiplier for swap1 1,788,452 x fixed price £0.5205 = £930,868
JAN multiplier for swap2 290,625 x fixed price £4.3800 = £1,272,937
FEB multiplier for swap1 1,615,375 x fixed price £0.5205 = £840,784
FEB multiplier for swap2 262,500 x fixed price £4.3800 = £1,149,750
TOTAL INFLOW FROM MERCURIA TO ANGUS £7,306,188
TOTAL loss on commodity swap to 28th Feb inc £9,829,319
GAS SALES (Inc monthly Shell take-off at 1.5% and NTSEC 0.386p per therm deductions)
PRODUCTION PERIOD 01/07/22 to 30/09/22
SEP 1,220,442 therms for £3,069,061
PRODUCTION PERIOD 01/10/22 to 31/03/23
OCT 1,858,101 therms for £1,991,096
NOV 1,984,426 therms for £2,525,361
DEC 1,801,043 therms for £4,955,520
QUARTERLY therms produced 5,643,570 for £9,638,336
JAN 1,908,520 therms for £2,971,955
FEB 1,680,025 therms) for £2,236,878
Total gas sales to 28th FEB inc. £17,949,911
Sales 17,949,911 - Swap loss (9,829,319) = £7,920,592
Gas sales PROFIT at Saltfleetby to 28th FEB inc. £7,920,592
These are the results using the new swap schedule from this years annual report.
-----------------OUTFLOW (WHAT ANGUS PAYS MERCURIA)----------
SEP multiplier for swap 843,750 x ave floating price £2.5600 = £2,160,000
OCT multiplier for swap 1,788,452 x floating price £1.1017 = £1,969,377
NOV multiplier for swap 1,730,760 x floating price £1.2486 = £2,216,083
DEC multiplier for swap 1,788,452 x floating price £2.7736 = £4,960,466
JAN multiplier for swap1 1,788,452 x floating price £1.5827 = £2,830,586
JAN multiplier for swap2 290,625 x floating price £1.5827 = £459,850
FEB multiplier for swap1 1,615,375 x floating price £1.3533 = £2,183,887
FEB multiplier for swap 2 262,500 x floating price £1.3533 = £355,258
TOTAL OUTFLOW FROM ANGUS TO MERCURIA £17,135,507
-----------------INFLOW (WHAT MERCURIA PAYS ANGUS)-------------
SEP multiplier for swap 843,750 x fixed price £0.4140 = £349.312
OCT multiplier for swap 1,788,452 x fixed price £0.5205 = £930,868
NOV multiplier for swap 1,730,670 x fixed price £0.5205 = £900,840
DEC multiplier for swap 1,788,452 x fixed price £0.5205 = £930,868
JAN multiplier for swap1 1,788,452 x fixed price £0.5205 = £930,868
JAN multiplier for swap2 290,625 x fixed price £4.3800 = £1,272,937
FEB multiplier for swap1 1,615,375 x fixed price £0.5205 = £840,784
FEB multiplier for swap2 262,500 x fixed price £4.3800 = £1,149,750
TOTAL INFLOW FROM MERCURIA TO ANGUS £7,306,188
TOTAL loss on commodity swap to 28th Feb inc £9,829,319
GAS SALES (Inc monthly Shell take-off at 1.5% and NTSEC 0.386p per therm deductions)
PRODUCTION PERIOD 01/07/22 to 30/09/22
SEP 1,220,442 therms for £3,069,061
PRODUCTION PERIOD 01/10/22 to 31/03/23
OCT 1,858,101 therms for £1,991,096
NOV 1,984,426 therms for £2,525,361
DEC 1,801,043 therms for £4,955,520
QUARTERLY therms produced 5,643,570 for £9,638,336
JAN 1,908,520 therms for £2,971,955
FEB 1,680,025 therms) for £2,236,878
Total gas sales to 28th FEB inc. £17,949,911
Sales 17,949,911 - Swap loss (9,829,319) = £7,920,592
Gas sales PROFIT at Saltfleetby to 28th FEB inc. £7,920,592