Member Info for Bridgedogg1

Lifestyle

The level of debt isnt a short term issue

Bobrad, stick to the 3 word posts, they make slightly more sense

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With Vodafone I get 2 tickets at vue for £7. Went to cineworld the other day and it’s £15 each ticket. There was 4 of us…. Like wtf? £60 or £14? Drove 20 miles to the nearest vue.

Din know how low this can go but the bonds have kicked out the floor. While there’s plenty of shares to be sold now and in the future it’s going to take something huge to get this going north. Slow decline until successful horizontal imo. Some spikes along the way but that will be 11p to 12.5p, 20s and 30s ancient history until oil is flowing.

Only chance before then is for >2k production and a solid RBL with no dilution.

Sea of red on my holdings, Angus holding up pretty well considering no official updates. I was hoping the press over the weekend would shame them into atleast RNSing the latest twitter update with a bit more info, but no. Tomorrow? Lots of misleading comments on here about the hedge and anticipated flow rates, DYOR

Easy to say lock them in now at $400 for 2024 but would we get that and perhaps $44 seemed high in the same way $400 does now? Maybe it will be $4000??? Hindsight, lovely

Looks like we can expect an update today or tomorrow.

The roll over of the hedge - not ideal because we would rather be producing gas, but in the circumstances its the best outcome. So close now....

“ A raised gas price is in fact REALLY bad for ANGS”

Wow,, just… really??

Spf if you’ve decided to pass please can you stop your relentless long posts on this board. Thanks.

Aparrently there is no gas, and its not the correct quality, and its not flowing sustainably.....OR... read the update - dealing with issues thrown up by production equipment and first gas could be any time

Looks like draft has been over at cineworld giving the poor people over there investment advice. How kind. Now we have to put up with him? Filtered.

It’s the equipment, not the gas: “ With each live test we identify a number of issues with the plant operation that prematurely end the test.”

Issues being fixed as they crop up. So we’ve had an update with an explanation for the delay. They don’t know when it will come good… tomorrow? Next week? 2 weeks? Nor does anyone else on here. I’m happy to hold.

Looks like teething issues. Good news considering the alternatives.

“ Activities continue every day including this weekend. Will update again early next week”

A real chance of first gas rns on Monday. Recomence FOMO Friday.

“ Nominations will shortly follow that first successful sustained test.”

Perhaps the fall is due to Newcrest decision re GGP 5% option, GGP tried to spin it a positive but it definatley isnt IMO - implications for WB valuation maybe, but here seems to be a standard pull back after strong rise.

QED
I'm not invested here (yet) but that is the best quality post I have read all week, thanks. Boards ARE still worth reading after all.

"Nothing to see here as expected so there's no point any of us posting today as the kids need their playground and they prefer no adults present while they mess about in the sand pit."

Said in the longest post of the day so far, and you posted 4 minutes later. Very keen.

"Hence no reason for large drop recently"

Its called supply and demand. Perhaps the wells are gradually being improved (at a cost) but is it causing enough interest to absorb the millions upon millions of extra shares? When is the next bond conversion? How much has the debt increased? How much will it increase after RBL? The only thing that will get this moving up (IMO) is a horizontal well producing 1000bopd+. Then we can start extrapolating that across the areas where it is most likely to be replicated.

You are right Tygra, now we have 100% the risks are much higher the longer we dont produce gas, hence the share price is lower now than when we have 51% and potentially months of unhedged production. As we near first gas (hopefully) the reward becomes much higher too and its an amazing entry point if you understand the risks involved IMO