Member Info for DoneK

Has the worm turned as we head into September?

Angus’ long term solvency is presently unquestioned but liquidity is tight this year principally because of the temporarily increased opex, lower spot gas prices, historic hedge payments, the accelerated repayment schedule on the senior debt as well as the overruns on the drilling operations. Many of these factors have gone away or will go away as we enter into autumn. We have been open about our liquidity need, sensitive to shareholders concerns about dilution and clear about our plans to refinance all of the debt into a term loan of greater duration, and we consider this a reasonable target. The lending community were prepared to advance £12m in May 2021 when the site had no connection, no process plant and no third well and gas prices were muted. Now we have all three and steady production at or near our target and forward gas prices which are historically high

Lol bv...

our ruthy baby is her 'The end is nigh' mode!

i wonder how she remembers all her id passwords

She is BACK!

When will the new pipeline be installed and will this require a halt in production? Thanks Asked on 1 August 2023

Installation will take place during August with commissioning at the end of the month, coincident with a planned plant shut down.

Our wg/ruthy will be pleased to know her 800k a month expenses (for which she couldnt post any evidence) was way off, and will be reducing this month...taken from the Angus Q&A web page

Q. Approximately what are the company running costs per month, a well known company detractor has suggested circa £800k a month!

pls confirm if this is correct Asked on 1 August 2023

They are not that high! Nevertheless, running costs/month are not yet stabilized because of (1) additional costs related to commissioning the plant and optimizing performance; (2) the relatively high costs of producing the new B7 well through a temporary flowline while the well cleans up and the permanent flowline is constructed (expected to enter service at the end of August 2023); completion of the project to commission a gas generator in the next 2- 3 months will reduce energy costs and allow Saltfleetby to generate its own power. There will be a big focus on costs in the second half of this year.

Our wg/ruthy was in her hayday when angus had no income and she was on here and advfn with all her multiple accounts.

Today we have income, come the winter pushing £3million a month, she wont be so vocal then.

'THe END is Nigh'

(she was wrong countless times over the past 6 years but this time she is 100% sure angus is DEFINETLY going bust)

wg818/ja51/..../..../.... etc

Our wg/ruthy was predicting negative gas prices...

how many times has she predicted that angus would be going bust?

if there is one person who has sold because of her constant doom mongering, i would be shocked.

so who is the real laughing stock?

We have reached peak irony,

Our wg/ruthy calls angus a laughing stock,

But she has been obsessed with angus for years, with her multiple accounts....

Who is the real laughing stock?

'THe END is Nigh'

(she was wrong countless times over the past 6 years but this time she is 100% sure angusus going bust)

wg818/ja51/..../..../.... etc

'THe END is Nigh'

(she was wrong countless times over the past 6 years but this time she is 100% sure it will happen)

wg818/ja51/..../..../.... etc

Https://twitter.com/Roofershound/status/1684930834506129408

As our resident merchant of doom is offline, all her alias are also offline, so let me do a summary for her.

'THE END IS NIGH'

x

I do enjoy when our wg/ruthy goes off on one.

LOL!

Not sure why our wg/ruthy needs to post so often, i can do it for her..

'THe END is Nigh'

(she was wrong countless times over the past 6 years but this time she is 100% sure it will happen)

wg818/ja51/..../..../.... etc

I did once suggest to the merchant of doom that she should glue herself to one of the compressors if she has such a grudge against angus!

that will have a direct material impact on angus, whereas posting day and night over years, on free BB's with multiple id's isnt gonna da f'all.

GAS SALES gross REVENUE = £55,057 in mid july

THE END IS DEFINITLY NIGH for Angus

'The end is NIGH'

Wg818.