Member Info for gallder

It's nowhere near 100m but whatever it is you can't just put it on the ground it would have to be sat on a gantry
above a certain height to allow access around the christmas tree.

In September 22 we acheived 1st gas and produced 1.26m therms as per page 6 of the 22 EOY report.We sold this gas to shell for 3.045m as per page 57 of the 22 EOY report.

P.S. Note my post 12.21 1st Nov 22 ----1.22m therms produced for GAS SALES (after TO & NTSEC) 3.069m.

Page 57
5. Revenue and segment information.
Currently, the Group’s principal revenue is derived from the sale of natural gas and oil. All revenue arose fromcontinuing operations within the United Kingdom. Therefore, management considers no detail of operatingand geographical segments information is to be reported. All the non-current assets of the Group are located in the United Kingdom. All revenue arising from sale of natural gas is derived from sales to Shell plc and represents over 97% of the Company’s revenue

In September 22 we acheived 1st gas and produced 1.26m therms as per page 6 of the 22 EOY report.We sold this gas to shell as per page 57 of the 22 EOY report.P.S.note final sentence below. Also note my post 12.21 1st Nov 22--- GAS SALES (after TO & NTSEC) 3.069m.Page 575. Revenue and segment informationCurrently, the Group’s principal revenue is derived from the sale of natural gas and oil. All revenue arose fromcontinuing operations within the United Kingdom. Therefore, management considers no detail of operatingand geographical segments information is to be reported. Nonetheless, the Group’s revenue can be classifiedinto the following streams:-------------------------------------------2022---------------------- 2021-------------------------------------------£’000 ---------------------£’000Sale of oil ----------------------------------97 ----------------------0Sale of natural gas------------------- 3,045 ----------------------0---------------------------------------------3,142 ----------------------0All the non-current assets of the Group are located in the United Kingdom. All revenue arising from sale ofnatural gas is derived from sales to Shell plc and represents over 97% of the Company’s revenue

OK WG
This is from the 2021 EOY report.

The nature of these arrangements in the present environment is such that material fluctuations in the value
of the derivatives are occurring on a daily basis. Wholesale gas prices have increased substantially, but
remain highly volatile, in February and March 2022 and as a result, the loss on these contracts has also
increased significantly.
The loss on these contracts at 30 September 2021 represents the forecast spot-price value of the gas to be
extracted against the value fixed to be provided to the Group. Under projected gas production volumes,
these arrangements will fix the amount payable to the group for the contracted volumes, with any excess of
volume being able to be sold at the available spot price.
In the event that the Group does not meet its production timetable, the swaps will crystallise as a liability at
the dates at the proposed periods of gas production in the swap agreements.
There were no commodity swaps in 2020.

On 01 June 2021, Angus Energy Weald Basin no. 3 Limited (AWB3) entered into a derivative agreement with
Mercuria Energy Trading SA (METS) under a Swap contract as part of the condition of the Loan Facility (see
Note 24). The derivative instrument was used to mitigate price risk on the expected future cash flow from
the production of Saltfleetby Gas Field. Under the Swap contract, AWB3 will pay METS the floating price while
METS will pay AWB3 the fixed price on the sale of gas from the field.
Due to the delay in the production of the Saltfleetby field, which further pushed the first gas production on
30 August 2022, the hedge profile has been revised as at 30 September 2022 as shown below:

In the event that the Group does not meet its 'production timetable', the swaps will crystallise as a liability at
the dates at the proposed periods of gas production in the swap agreements.

.'Production timetable' in this case refers to the 1st gas date. As we now know this actually happened and so we have a catch up payment (crystalised liability) due in June. We dont owe them XTherms of gas do we?

COMBINING THE SWAPS
SWAP 1
CURRENT PRODUCTION PERIOD 01/04/23 - 30/06/23
5,250,000 THERMS, FIXED PRICE 37.55p per THERM.
5,250,000 THERMS/91 DAYS = 57,692 THERMS per DAY.

SWAP2
CURRENT PRODUCTION PERIOD 01/04/23 - 30/06/23
843,750 THERMS, FIXED PRICE £3.1500 per THERM.
843,750 THERMS/91 DAYS = 9,272 THERMS per DAY.

FIXED and VARIABLE MULTIPLIER
57,692 + 9,272 = 66,964

DAILY REVENUE FROM FIXED PRICE
(57,692 X £0.3755) + (9,272 X £3.15) = £50,870
FIXED PRICE per THERM is 50,870/66,964 = £0.7597

DAILY PRODUCTION 63,011 therms
SPOT PRICE per THERM £0.9690

MERCURIA PAYMENT TO ANGUS
66,964 X £0.75967 = £50,870

ANGUS PAYMENT TO MERCURIA
66,964 X £0.9690 = £64,888

LOSS on SWAP is £14,018

GAS SALES PAYMENT BY SHELL TO ANGUS
63,011 therms @ £0.9690 sold for = £61,055

61,055 - 14,018 = £47,037 GAS SALES gross profit.

Month to date GAS SALES PROFIT £999,067
less Shell 1.5% and Ntsec 0.386p/therm

1)SAP used instead of NBP

You really are the worst poster on here. Your never ending disinformation and outlandish hypotheses are ridiculous.
Go away and find out 'what is a commodity swap' and 'what is enterprise value'.

CURRENT PRODUCTION PERIOD 01/04/23 - 30/06/23
6,093,750 THERMS, FIXED PRICE 75.967p per THERM.
6,093,750 THERMS/91 DAYS = 66,964 THERMS per DAY.

DAILY PRODUCTION 62,973 therms
SPOT PRICE per THERM £0.9934

MERCURIA PAYMENT TO ANGUS
66,964 X £0.75967 = £50,870

ANGUS PAYMENT TO MERCURIA
66,964 X £0.9934 = £66,523

LOSS on SWAP is £15,654

GAS SALES PAYMENT BY SHELL TO ANGUS
62,973 therms @ £0.9934 sold for = £62,577

62,577 - 15,654 = £46,903 GAS SALES gross profit.

Month to date GAS SALES PROFIT £952,030
less Shell 1.5% and Ntsec 0.386p/therm

1)SAP used instead of NBP

CURRENT PRODUCTION PERIOD 01/04/23 - 30/06/23
6,093,750 THERMS, FIXED PRICE 75.967p per THERM.
6,093,750 THERMS/91 DAYS = 66,964 THERMS per DAY.

DAILY PRODUCTION 63,276 therms
SPOT PRICE per THERM £0.9876

MERCURIA PAYMENT TO ANGUS
66,964 X £0.75967 = £50,870

ANGUS PAYMENT TO MERCURIA
66,964 X £0.9876 = £66,131

LOSS on SWAP is £15,261

GAS SALES PAYMENT BY SHELL TO ANGUS
63,276 therms @ £0.9876 sold for = £62,491

62,491 - 15,261 = £47,230 GAS SALES gross profit.

Month to date GAS SALES PROFIT £905,127
less Shell 1.5% and Ntsec 0.386p/therm

1)SAP used instead of NBP

CURRENT PRODUCTION PERIOD 01/04/23 - 30/06/23
6,093,750 THERMS, FIXED PRICE 75.967p per THERM.
6,093,750 THERMS/91 DAYS = 66,964 THERMS per DAY.

DAILY PRODUCTION 63,276 therms
SPOT PRICE per THERM £0.9876

MERCURIA PAYMENT TO ANGUS
66,964 X £0.75967 = £50,870

ANGUS PAYMENT TO MERCURIA
66,964 X £0.9876 = £62,491

LOSS on SWAP is £15,261

GAS SALES PAYMENT BY SHELL TO ANGUS
63,276 therms @ £0.9876 sold for = £62,491

62,491 - 15,261 = £47,230 GAS SALES gross profit.

Month to date GAS SALES PROFIT £905,127
less Shell 1.5% and Ntsec 0.386p/therm

1)SAP used instead of NBP

Unfortunately Rifkin the main thing that changed between then and now is that we lost morbid and any meaningful
income from the 2 studios. Fortunately we gained Showcase which in time will be a game changer.
There are however 2 different conversations going on and the articles that i posted pertain to the share price which
at the moment has nothing to do with company performance. Shareholders in Boom with more than 100,000 shares
are in financial difficulty because of links to the companies in the R.O. reports.
Roger seargeant---AAA----244,000 shares
Mark Horrocks-----ASLR-->1,000,000 shares
Nashida Bonnier--AQUAA>800,000 shares
Michael Power-----AQUAA>200,000 shares
Sami Vanderlip-----AQUAA>160,000 shares
I could probably name 5 other people any or all of whom could be selling. The share price problem will only dissipate when there are more buyers than sellers.

https://riverotter.co.uk/2021/08/16/a-team-delays-audioboom-takeover-proposal/

https://riverotter.co.uk/2021/08/13/audioboom-and-the-a-team/

CURRENT PRODUCTION PERIOD 01/04/23 - 30/06/23
6,093,750 THERMS, FIXED PRICE 75.967p per THERM.
6,093,750 THERMS/91 DAYS = 66,964 THERMS per DAY.

DAILY PRODUCTION 52,282 therms
SPOT PRICE per THERM £0.9794

MERCURIA PAYMENT TO ANGUS
66,964 X £0.75967 = £50,870

ANGUS PAYMENT TO MERCURIA
66,964 X £0.9794 = £65,585

LOSS on SWAP is £14,715

GAS SALES PAYMENT BY SHELL TO ANGUS
52,282 therms @ £0.9794 sold for = £51,205

51,205 - 14,715 = £36,490 GAS SALES gross profit.

Month to date GAS SALES PROFIT £857,897
less Shell 1.5% and Ntsec 0.386p/therm

1)SAP used instead of NBP

https://www.ricemedia.co/aaqua-failed-startup-singapore/

CURRENT PRODUCTION PERIOD 01/04/23 - 30/06/23
6,093,750 THERMS, FIXED PRICE 75.967p per THERM.
6,093,750 THERMS/91 DAYS = 66,964 THERMS per DAY.

DAILY PRODUCTION 60,774 therms
SPOT PRICE per THERM £0.9586

MERCURIA PAYMENT TO ANGUS
66,964 X £0.75967 = £50,870

ANGUS PAYMENT TO MERCURIA
66,964 X £0.9586 = £64,190

LOSS on SWAP is £13,320

GAS SALES PAYMENT BY SHELL TO ANGUS
60,774 therms @ £0.9586 sold for = £58,258

58,258 - 13,320 = £44,938 GAS SALES gross profit.

Month to date GAS SALES PROFIT £821,407
less Shell 1.5% and Ntsec 0.386p/therm

1)SAP used instead of NBP

I do believe we are now temporarily connected to the grid. Without using 5 days, obviously interupted, in March
yesterdays production was more than 3 standard deviations above the norm.

CURRENT PRODUCTION PERIOD 01/04/23 - 30/06/23
6,093,750 THERMS, FIXED PRICE 75.967p per THERM.
6,093,750 THERMS/91 DAYS = 66,964 THERMS per DAY.

DAILY PRODUCTION 63,617 therms
SPOT PRICE per THERM £0.9118

MERCURIA PAYMENT TO ANGUS
66,964 X £0.75967 = £50,870

ANGUS PAYMENT TO MERCURIA
66,964 X £0.9118 = £61,060

LOSS on SWAP is £10,190

GAS SALES PAYMENT BY SHELL TO ANGUS
63,617 therms @ £0.9118 sold for = £58,006

58,006 - 10,190 = £47,816 GAS SALES gross profit.

Month to date GAS SALES PROFIT £776,469
less Shell 1.5% and Ntsec 0.386p/therm

1)SAP used instead of NBP

CURRENT PRODUCTION PERIOD 01/04/23 - 30/06/23
6,093,750 THERMS, FIXED PRICE 75.967p per THERM.
6,093,750 THERMS/91 DAYS = 66,964 THERMS per DAY.

DAILY PRODUCTION 47,769 therms
SPOT PRICE per THERM £1.0041

MERCURIA PAYMENT TO ANGUS
66,964 X £0.75967 = £50,870

ANGUS PAYMENT TO MERCURIA
66,964 X £1.0014 = £67,055

LOSS on SWAP is £16,185

GAS SALES PAYMENT BY SHELL TO ANGUS
47,769 therms @ £1.0014 sold for = £47,836

47,836 - 16,185 = £31,651 GAS SALES gross profit.

Month to date GAS SALES PROFIT £728,653
less Shell 1.5% and Ntsec 0.386p/therm

1)SAP used instead of NBP

Hereandnow
Q1. Depending on barometric pressure and calorific value there are 10,800 to 10,900 therms of gas in
every mmscf. The current spot price of gas is £1.00 per therm.
Q2. General opex is thought to be around 2m to 3m per annum. One off costs like the sidetrack seems
to have cost more than £20m.
Q3. At the moment thats anybody's guess as there are only variables.