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Aminex, with a 25% non-operated interest, is carried throughout the ongoing work programme to a maximum gross capital expenditure of $140 million ($35 million net to Aminex). The carry will see the Company through to the commencement of commercial gas production from the Ntorya gasfield, now scheduled for early 2024, and to increased production from full field development at zero cost to the Company, which envisages the drilling of up to five additional wells in 2024. APT's revised mapping and internal management estimates currently suggest a risked prospective gas in place ("GIIP") of 3,024 Bcf
Note 23 of the 2021 accounts said re the decom provision of £14m'These costs are expected to be incurred at various intervals over the next 12 years.'
2022 interims - 13m was included in Current liabilities. I missed this. 2022 full accounts - now 19m.
So from not expecting to pay much any time soon 19m will now have to be paid withina year. Significant change in metrics.
TC nice salary plus gets some rent per the related party note.
19m payable within one year. That's most of the cash balance gone!
The Notice of AGM and Annual Report have been published and copies are available in the investor relations section of the Company's website at www.parkmeadgroup.com.
Anyone managed to track these down?
Also fact that management don't respond to emails is a big red flag. Tough questions should be addresses!
Any UK costs can't be offset against netherlands profits hence the high tax.
9m sounds good but most will be taxed and rest wiped out by other costs. Really disappointing.
Shame the tax regime is poor. High growth in revenue and gross profit mostly thrown away in taxes. With taxes continuing to rise how much more needs to be brought on line to make a profit?
Need more assets to be monetised...
Bizzare all this holders on various shared who then constantly bash the said share.
More investors need to contact him! So what if they Invested at IPO - they failed to follow through on the stated strategy. Plenty of assets have been available out there.
Now is this time for them to buy shares on the open market to give investors confidence.
Can all holders send Helge an email highlighting concerns re performance and strategy. May not make a diff but the more emails the higher chance of an impact.
longboatenergy@fticonsulting.com
The interims show tax of 1.7m despite profit before tax of 1.3m.
'Taxation for the period was £1.7 million (2020: £0.2 million), mainly due to the very low Netherlands cost base and payment timing.'
The windfall tax will be taking another big chunk from the group.
Yes because he tracked TTF prices up. Share price is a joke.
Steven are you invested or only post negative things here?
Yes source please.
Hi
'Paul Forrest's total shareholding in the Company is now 538,750,000 Ordinary Shares representing 19.49 per cent. of the Company's issued share capital.'
I have looked on the website athttps://www.angusenergy.co.uk/investors/share-structure-significant-shareholders/ but can't find him listed. Can anyone help?
Can anyone kindly share an email address I can contact the company with?
Thanks
Offset is good as getting back.
You pay less tax therefore less money will leave the business.
If we didn't drill then we will have paid 91% tax on profits from wressle equivalent to the drill cost on Sereinity.
In4cedros I only invested this month. What your thought on cash burn specifically admin expenses?