Member Info for Caravanboy

Will the market wake up then ????

I did think. Are they working the weekend. That’s great news. So we have two days testing at most left. If no leaks. A very interesting week ahead. Gla.

Well. Hits. What would be the project value based on your workings???

Wg. It clearly states. On the website. Once production stability has been found they can drill side track. While in production. Sorry but going to have to filter you. Don’t worry will keep hits about. Constructive posts. Turned into a negative again. Shame.

Well my tiny mc evaluation. Has just been ****ed on. Jeez. That being the case. We should see a much bigger sp than I was thinking. No wonder the said debt free by year end.

Scarlet. Have you done the maths on income after costs?

That’s great news. Your right. About maths. And all other subjects. Not my strong point. I am in. And hold quite a few now. For me anyway. Thanks for your replies.

Scarlet. Not trying to mid lead. Just trying to get my head round it. Any help is kind. So half our production is unhedged?? Well confused.

In summary the Report estimates production giving rise to gross field revenues, before costs etc on a mid-case basis of £230 million (previously £141 million) of which Angus's share is 51%. This approximates to a gas price of 64p/therm being a mix of the actual volumes already hedged at 43p/therm and the remaining unhedged volumes accorded prices derived from the quoted and traded NBP forward curve to December 2026 and thereafter escalated by 1.5% per annum. The gross volume of reported Gas Reserves is unchanged.

So now we double that? As we are all in. So 86pp therm. After costs? Gla

A further condition of the Mandate is that the debt provider will also provide hedging services on market terms for a proportion (no greater than 70%) of a low case production estimate during the
four year life of the Loan Facility.

And this. Wg. Will check it out now. I l Like productive post always learning.

Simultaneous with drawdown, the Company has hedged (the “Hedge”) approximately 70% of the Company’s and its partners’ share of future gas sales, estimated under a conservative projection, for three years beginning in July 2022, providing Angus with downside revenue protection, all the while allowing the Company to capture upside in the event of higher gas prices. The average achieved price under the Hedge, including all fees, costs and charges is 43 pence per therm.

All charges etc out. So we receive 68p per therm. June 21 financial update. Nice income really considering we will be paying down debt and etc costs covered.

Tony. No drama. We are all here for the same reason. I found it very informative to read all updates from the start. Regards to this gas project. And know now that this is a very good investment. And can see why we went all in.

Can anyone help with the max production from the new kit we put in. Please. As I think. These wells are going to need it.

But never mind it’s coming. And it’s worth reading up on the hedge. On the website. As what’s posted on here by some of very inaccurate.

Tony.

From the website. News updates

The next and final stage in proving mechanical integrity will be to introduce nitrogen into the plant for a five day leak and pressure test which we expect to commence at the end of this week. Meanwhile the electrical - power and control and instrumenta??on - installa??on con??nues at pace.

It takes five days to complete. Can’t find the eqs. But it’s all on there. I am not a tweeter. But there was some electrical stuff to do as well

Just saw this on another bb.

Goldman Sachs gold at us$2100-2300Today 05:50
Goldman Sachs have target on gold price of US$2,100-2,300/oz over next 3-6 months. This is down from the previous target range of US$2,300-2,500/oz for the same period. I REMAIN INTROGUED AS TO WHY NONE OF THESE LEARNED INSTIUTIONS IGNORE THE LACK OF SUPPLY SIDE FROM LACK OF EXPLORATION SUCCESS, AND IT IS GETTING WORSE EVERY DECADE ! THIS LACK OF SUPPLY FROM DISOCEVRY WILL IMPACT THE MARKET, AS IT AFFECTS THE SUPPLY/DEMAND SIDE. ITS THE REASON LARGE COMPANIES WHO CANNTO REPLACE THEIR RESERVES, YEAR AFTER YEAR, SUDDENLY DECIDE TO GO AND DO SOME M AND A...AND REPLACE THEIR RESERVES. AND THIS WILL HIT THE MARKETS OF THE FUTURE. ANYHOW CONTINUE
https://www.mining.com/web/wealth-shock-delays-gold-bull-market-as-goldman-revises-targets/?
Gold has been hit by a large “wealth shock” on the back of a weaker yuan following the economic impact of the lockdowns in China, the world’s largest consumer, according to Goldman Sachs Group Inc., which revised its price targets. Still, the worst may be over, it added.

Good morning.

Italy is the second-largest European buyer of Russian gas after Germany.\n\nGas analysts warned that if the Russian squeeze on supplies carried on then Europe was likely to face much higher prices over the winter. Gas prices in Europe have already soared in the past year, stoking inflation and a cost of living crisis for many countries.\n\n“Today’s developments are going to be a massive shock for gas prices as Europe is now going to struggle to refill its storages ahead of next winter if this reduction is for an extended period of time,” said Tom Marzec-Manser at ICIS. "

Doesn't look good for anyone.. apart from gas producers.

So done a bit of reading. And I feel that the company will make money. And plenty of. Also side track is a non issue. But I can’t seem to font the plant max output. If anyone knows where to look let me know please. Let’s see what today brings. A bit of blue please. Gla.