Member Info for DoneK

have you noticed our regular merchants of doom have been quiet on here, and the just stop oil fruit loops are all over the place?

Baits,
Angus making money and profits, not as some on this BB predicted with great certainty and hope that Angus would ceased to exist.

will be interesting to see if we get some figures to show the level of profit they are making now.

Well Angus have arrived at the starting point after so many false dawns.
Within 35 days we will be finding out how successful the sidetrack will be.
For years on this BB, we have been hearing
1) that they don't have the money for the sidetrack, we will need a placing.
2) that the sidetrack drill can only happen if the existing compressor is shut off
3) that with one compressor we wont meet the hedge, and much much more.

and here we are
1) sidetrack initiated with no placing
2) the drill happening and we are still producing
3) the single compressor producing in excess of the hedge

Come December, with the arrival of the second compressor and sidetrack adding to production, the outstanding warrants gone, NG prices going 6+times the original CPR calculations, where will the SP be?
imo many multiples of todays price...

(might even get the green light for balcombe by then as well)

GLA

SFB is now producing at a stable flowrate, exceeding the hedge, and making a profit?
in addition to assumed production at brockham, is Angus now making money and profit for the first time in its history? Asked on 2 October 2022
Yes. We are already meeting and exceeding the current hedge profile and already paying down debt. With the sidetrack and 2nd compressor in place around the year end, the full year to September 2023 should show a company debt free and generating great profits for shareholders.

The merchants of doom are gonna have a blow out thats for sure.

Have they started to slow down?

The second compressor has already been black-built and is presently undergoing hydrotesting. Following mechanical completion, electrical and instrumentation work will conclude during November and we expect delivery to site in early December. This second compressor is largely identical to the first and is expected to double the capacity of the plant.

https://twitter.com/angusenergyplc/status/1584600472861581312

RUTH THE TRUTH LOL

even tweeting on the weekend.

https://twitter.com/angusenergyplc/status/1583879332451127297

The second compressor lands beginning of December....
Only a few more weeks left before we hopefully double production

https://twitter.com/angusenergyplc/status/1583469356327239680

6.088 mmcf/d today
come xmas 10-12 mmcf/d

Just shy of 6mmcf, with equipment rolling on site this week, it should give us some positive momentum before the spud next week.

equipment should be rolling onto site this week for the sidetrack prep work .

5.961 mmcf/d

Howey,
Brixton is close imo.

Great post btw

We are all still awaiting wg's updated bear case for Angus, and the revised date when she predicts angus will go bust

around 6.2mmcf/d
BV called it yesterday.