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Day one tomorrow? That seriously depends. It could very easily be argued on the exact same basis (company target dates issued via RNS) that it's actually Day 674.

"At this stage the Directors are confident that reconnection at commercial rates is possible within the £2.5 million budget and advised timescale of completing work between May and August 2020."

RNS Number: 7530C
Angus Energy PLC
19 June 2019

So... day 675 tomorrow. Just saying...

Almost as amusing as Zahawi, who's promptly put the boot in to his boss within 24 hours of being appointed by that boss, is MP Huw Merriman, who tweeted his no cofidence in BoZo WHILE he was grilling the blond buffoon at the Liaison Committee.

Loathsome Liz and Psychopathic Pritti are still standing by the Etonian oaf... for the moment at least. With "friends" like those two poisonous harpies, who needs enemies?

I could almost feel sorry for BoZo... but then again, I absolutely don't. Entirely self-inflicted by the arrogant fool.

Howey, pfffft. That comment of mine was from yesterday, not today.

However, I'm of a mind to help you become the new Mystic Meg, so just for you...

It really is all about the sidetrack.

This is getting techy... I'm expecting discussion next on the required Wobbe number.

Howey and Noel, get a room you two.

SAS, that certainly wasn't my central point - but the fact remains (whether relevant or not) that the ANGS CEO went to Eton, along with BoZo and Jacob Rees-Mogg, all within 7 years of one another. I have met Old Etonians I've liked, but very few. In fact thinking about it, just one.

Interesting, isn't it? Utterly polarised opinions on ANGS... and yet a large consensus on Boris and Government.

Over the last seven years I've had to spend a considerable amount of time negotiating with civil servants (those are the "jobs for life" guys entrusted with enacting policies defined by ministers)... and it's been a really depressing eye-opener. Even in the one area in which I was involved, the incredible amount of bureaucracy, the staggering inefficiency and the sheer wastes of the amounts of money that I saw for myself were literally jaw-dropping.

The Civil Service and Government ministers were actually as bad as each other, but in different ways. The CS never dared to make any sort of sensible decision (in the civil service, they well know that nobody ever gets sacked for inaction) and ministers are ill-informed, clueless, arrogant and entirely self-serving. Neither group would survive in the real world of business.

As for BoZo? He's definitely not as thick as people think... BUT he encapsulates that utterly toxic mix of breath-taking arrogance, utter self-entitlement, random knee-jerkism and total hypocrisy that is typical of people from his background. The man's a long-proven liar - and worst of all, the lying doesn't matter to him at all - he's only concerned when he gets caught. Do as I say, not do as I do... one law for BoZo and entitled chums, another for the rest of us.

There's no way he'll resign - he has no shame nor any scruples. He'll have to be dragged out, kicking and screaming. And if the Tories don't do this, there'll be a red landslide in 2024.

Sajid Javed is an irrelevance - he bottled it as Chancellor, resigning as soon as things started to look tricky. However, I am gutted that Rishi's gone. The most worrying thing in Rishi's resignation letter - apart from the thinly veiled accusations of deliberate dishonesty and nigh on total incompetence - was the revelation about massive differences in strategy. BoZo's obviously got a short-term band-aid fix planned of temporary tax cuts, which are bound to make things worse in the mid- to long-term. Rishi knows this..

And don't get me started on the loathsome Liz Truss, slimeball Gove or uber-arrogant Rees-Mogg. As for Pritti Patel? That egomaniac makes Norman Tebbit look like Mother Theresa.

BoZo... what a car crash and all self-inflicted through arrogance . The master of hypocrisy and blatant lies.

Bl**dy Old Etonians, eh? George went there too - let's hope he doesn't turn out to be cut from the same cloth.

I'm not sure of the relevance of this?

The Oct 26th 2021 CPR has already informed what pressure the feed to the NG will be (between 40 to 70 bar).

That info is in the footnote at the bottom of page 37.

Jollifant, you are entirely correct.

Of course first gas is priced in, because the existing wells are producers, not dusters. This is not an exploratory drill. Therefore literally everybody accepts that some volume of gas will be produced out of Saltfleetby at some point.

However, as you'll well know, what is not yet priced in (simply because it's not yet been established) is the consistent level of monthly production that ANGS is able to achieve out of Saltfleetby.

Howey's a fake psychic!

I have to reveal that he messaged me earlier, begging me to make sure that I mention the absolute necessity of a successful sidetrack sometime tomorrow.

(Didn't see that one coming, did you, Howey? More proof!)

For what it's worth, presuming gas at £3 per therm for the next 12 months, even 1.65 million therms of consistent monthly production wouldn't deliver anywhere near a profit of £1 million a month over that time period. In fact it would only deliver a gross revenue of less than £9 million to ANGS over the year till end Jun 2023.

If one's looking for £10 million+ yearly profits over the next 36 months, it's of course all about the sidetrack.

I'd agree with that, BV. After all, Bobrad is the antimatter version of you.

I lose track of George's promises, given that he's made and broken so many - but I believe his latest assurance is "sales gas" between the 7th and the 12th of July?

The actual day is not that important in all honesty, provided that enough "sales gas" is generated consistently and in time.

SL, a couple of things. Over the last 30 days I've made just over 5 posts a day and you've made just under that figure. Your previous statement seems to show that typical tendency of ANGS fans to exaggerate.

I honestly don't know why you're so obsessed with motive? It's utterly irrelevant, when compared to the viability of whatever content anyone may have posted.

Thirdly, thank you for your offer, but I'll politely decline. I'm easy with the choices I make and with respect, I really neither need nor seek approval or validation from those I don't know, nor who know me.

BV, the RNS doesn't say that they are. In fact it's worded in a way that strongly suggests that the last million quid/91 million shares are being placed elsewhere.

As to how "sticky" the Aleph shares are/will be, nobody has a clue. Aleph itself only held 164 million shares, prior to today's announcement. Failing the odd lack of any TR-1 regarding their original holding, I'm going by the info on the ANGS website re significant shareholders to come up with that number.

SL, there really is no incongruity in my opinion at all.

Gas is going to be got out of Saltfleetby in some volume at some stage . That is an absolute given.

As I have been saying from the get-go, the questions are how much consistent production and from when?

My criticism of the company has always revolved around their eternally missed predictions, endlessly broken assurances and repeated lack of transparency.

So BV, you're claiming categorically that Aleph and partners are taking up all £3 million's worth of the second swathe of shares, are you?

That is not what the RNS says - but hey, when has that ever stopped you making things up?

Baits, the difference surely here is that this isn't an exploratory drill. The gas is known to be there and the two existing wells were producing to some extent up until shutdown 4.5 years ago.

There surely is no question whatsoever in anyone's mind that gas is without a doubt going to flow at some point, so that fact must be priced in. by now

What isn't priced in yet is - how much gas and by when?

It's really not about first gas at all - though that's obviously a crucially necessary step in the process.

Nobody but nobody thinks that Saltfleetby is going to be a duster - so it's a given that it wll produce gas - so it's a given that first gas must have been priced in long before now.

The only relevant questions are what will consistently achievable levels of monthly production be and from when?

Agreed Tygra.

The only two slightly surprising things about this morning's RNS were:-

the over one month dela in Aleph & chums ponying up the extra £2 million (that was meant to be £3 million)

and

the fact that Aleph (and chums) seemingly don't want the last £1 million's worth of shares (= 91 million shares) at a price of 1.0989, so ANGS is having to place these elsewhere.

Noel, see this morning's RNS.

That seems to say (though it's hard to be sure) that Aleph (and chums) are (at last) taking up £2 million's worth of new "unlocked" shares (= 182 million shares) now.

The remaining £1 million's worth of new "unlocked shares" (= 91 million shares) are being placed (but quite possibly not with Aleph and chums) at the end of this month.

Those two transactions would (finally) complete the £6 million placing announced over a month ago.