Member Info for EchDelta

Yanis,

i think they really respect you, they have had your questions on Proactive Investor video interviews and all sorts!

Spot on Croc

I have always said Q1 2022 for First Gas, heck even May seems a potential date.

Why... Because an engineering project like this subject that has so much regulatory hurdles to jump over need EA Permit, Equipment to arrive (whenever they do), setup of said equipment and delays when nuts and bolts don't go in very well or something has mislaid.
Then there's the integration piece to the existing wells...

So the list is endless hence no market maker believes George Lucan can deliver on time. I'm realistic here that the progression the company makes or not is completely aligned to the share price.

We make First Gas?
We make decent non side track consistent outputs then great.

I would have thought Angus Energy should've tested the wells to see how much came out in a day but that's a whole different story altogether.

I'm ever so optimistic and glad there are a few to keep me steady on my feet.

George Lucan must buy a substantial sum of Angus Energy shares on the open market. If say 5m shares would be a good start.

So Yes Lord Lucan, put your money where your timeline mouth is and make an aligned to investors transactions.

Good question Yanis...

I want an operational update George!

BV " me thinks hence the quick dip toe in and toe out."

I think that others are dipping in and out, ever so carefully.

James - I really hope that the drawing down of a £12m loan does indeed cover administrative and staffing elements to make Saltfleeby a success. I am also glad they havent expended too much time and effort on Lidsey. Therefore those who anticipate a placing, looks like all and sundry may get a surprise in the size if the £12m factors in all staffing costs to get Saltfleeby up and running!

James,

Everyone is awaiting an eventual placing me thinks hence the quick dip toe in and toe out.
However, Id be reluctant to say it was going to be a big one! What is the point getting an expensive loan for Saltfleeby if time and effort (on Angus Energy staffing side) cannot be accounted for it, such as all the administrative tasks, permits, ordering of equipment? That shouldnt necessarily come from working capital that we had in March of around £510,000.00!!!!

If the large bulk of activities since March 2021 has been to progress Saltfleeby (I hope so), then the majority of those expended efforts should be drawn from the Loan IMO.

Anyway - I want facts, figures and dates, an Operational Update RNS about now would be very welcome indeed!

Firmly holding these!

I am with Mirasol and All the Others now,

My investment is large, my risk appetite too. Saltfleeby with is the major bull factor for me.
I note Aleph have a further potential £8m to support Geothermal. I actually agree with George Lucan, it is better to have a pipeline of work than just a one trick pony. The mess in 2019 demonstrated that in its entirety.

Fate has really been kind here.

I respect the critical posters - they must continue to do so and we must all hold the board to account.

Huge upside if they can deliver the right quantities of gas and also have the kindness of elevated gas prices on our side.

GLA

Ocelot,

With a 400% increase in the very commodity we have acquired in 2019 and debt funded for £12m, its a reasonable risk play for me.

I hear the deafening noises of the bears and they are bang on right to hold management to account. They must continue to do their work which is to keep the management of Angus Energy on their feet at all times.

Value enhancing prospects

WTFDIK DYOR GLA

https://twitter.com/DVH_Phoenix/status/1448967303543070742

Ocelot I agree with the Bears on this one.
Todays contract price for March 2022 is absolutely meaningless for Angus Energy because we are no where near ready to go live.
If we are in February 2022 and having a conversation regarding March 2022 prices then that is more relevant.
We are heading into a very interesting period for Angus Energy, Saltfleeby Project must be the 100% focus. It is mid October 2021 and the Management are yet to communicate their Sidetrack intentions. They have been given permission from a Planning perspective on that already. We now await 2x permits from the Environment Agency: The Voldemort one and Saltfleeby.

Those who bought on the 1p spike have now all realised they were fed sells!

Those who remain stay focused.

Those who cast stones fair play, critical analysis is vital to stimulate a debate of rational form.

I see huge upside if Lucan can deliver with little deviation to First Gas.

The 243p isnt relevant really, as it is so far away and subject to market sentiment and volatility.
However, 120p per therm is my estimate to really give serious revenue streams with only 2-5mmscfd. It is all there in the calculations.

That is my marker for now.
I'd like to see EA permit granted, noted Brockham is outstanding.
I'd like some direction of how their cash for working capital is looking. We won't have a choice for a placement but value driven case for me is the 120p per therm target.

If it is 120p for Q2 2022 then 0.80p looks good.

Hello Yanis,

The gas price levels towards Q1 2022 are of immense interest to me. The higher they stay for now the better as we know it drops through the Spring and Summer.

I base my decisions on RNS, some external factors and take my chances. Angus Energy is in portfolio for the long term value case. Everyone is entitled to their own opinions but I see the rise in Gas Prices as pertinent to their number one asset.

It is a £12m funded project that I am hopeful all Watchers and Investors would like to see materialise and produce a decent amount of gas. Nobody knows what that production profile looks like until they switch on their capabilities. Till then all is conjecture and reasonable debate.

Thank you.

The share price and current market capitalisation of Angus Energy is reflecting a difficult AIM market as well continual delays much to the disgust of many a sharehiolder. Repeating history , bad history is not tolerated.
Interest will undoubtedly build post the New Year, as the equipment is on order and permit applications being assessed. The Board need to remain 100% focused on delivering Saltfleeby. There is plenty of Geothermal opportunities to 'Develop' than deliver once Saltfleeby production dates are well and truly behind us.

As for how much and when, this is important absolutely but there has been a nice spin-up Natural Gas Prices. If, this is a very big if, if the Gas Prices remain elevated in the region of 120, that is 200% more than the hedge levels at 40p, I would say that negates low levels of production. If production per day is in excess of 4mmscfd consistently at 120p levels then I firmly believe the value-driven investment case goes up.

I shall remain in place and take the lazy sub 1p levels as pre-herd day/swing trading. Q2 2022 is the real deal for Angus Energy and thats 5 months away. Herd operates in minutes, hours and days hence no spike in volume.

I read the EME RNS with interest, where 12p warrants were exercised at 9p - a steep premium to current share price. So I certainly can see warrants at the 1.2p level probably exercised around 1p.

Over and out!

Oh nice move here,

UKOG doing well and posts become more heated

There is a pattern akin to ANGS; twitter.com/DVH_Phoenix/status/1447682537669672960

twitter.com/DVH_Phoenix/status/1447682537669672960

The starkest admission to date, why we have a large number of aliases on LSE and Advfn who do not have any investment in Angus Energy, so do they wish harm to us ordinary investors? I hope not as thats wicked and vile in my opinion.

https://twitter.com/DVH_Phoenix/status/1447682537669672960

Caravanboy

Please read the minutes from the LCC planning session in July 2021, pipeline was well advanced:
https://lincolnshire.moderngov.co.uk/ieListDocuments.aspx?CId=138&MID=5807

Yanis,

I am focusing purely on the EA permit variation responses and devil in the detail.
It seems a lot of hoo haa was made about the depth and potential backlash.
Gas is a hot topic right now and lets hope EA support this permit variation once their due diligence is satisfied.
For goodness sake, it was once a producing site at Saltfleeby for many years. Threadneedle closed and the only means to allow re-production is to have onsite processing facilities, so lets progress positively.
:)

Isnt on a similar scale...

Yanis,

With the history of Brockham, length of time it has taken with still no decision, anti-fracking brigade it didnt paint a great prospect for Saltfleeby.

However, after reading all the responses to the EA Permit Variation (that allowed public disclosure) as some may not be visible, its reasonable for me to assume that it is on a smaller scale of issues vs. Brockham.

Lets hope any positive verdict is granted :)

Yanis with the lack of Anti Angus Responses lets really hope its this side of Christmas.
Looks a lot better than last week on this Permit Variation doesnt it?

Great support in all honesty., when you compare that to Brockham.

Yanis,

The was a very odd response mentioning financial situations.

You got to love some responders!