Member Info for JD-Nau

Agreed ocelot. by the time tax comes to start to play a role then the tax losses should have allowed the repayment of the £12 million in loans.

Sensible questions asked by actual shareholders as opposed to stupid questions asked by AAAG trolls who do not own shares.

Remember as well that the importance of the therm price to the CPR is because SF is a fixed cost business. Every time the price per therm goes up by a penny it is pure additional revenue (profit) to Angus.

For more detail it is probably worth putting your queries up on the investor questions section of the website. It won't be answered until the end of the month but they seem good at answering any sensible questions from shareholders. it's worth a try anyway.

From what I have researched and been told about this, most offtake agreements in the UK are fairly straightforward these days. The supplier (angus) just need to inform the recipient (Shell) of the monthly volumes and the price is the spot price with maybe a discount of 1-2%.

All the supplier has to do is make sure that they don’t over/under supply or they are penalised for the hassle to the recipient. Supplier can also hedge but it is up to them by how much.

I think that this would be much more accurate: “The board of Solo leverages it’s extensive list of services companies with a hard focus on maximising directors revenues regardless of value for its shareholders”

Rest assured the Board has contingency plans that will be outlined to market in the event that they need to be activated.

Yeah, to raise their wages, increase the fees from their service companies and then give themselves more options. That always seems to be the contingency plan for this lot.

Never say never but there should be no problem with the funding. They have the gas, they have the buyer and they just need to put the bit in the middle together. It's all looking good here.

Less than 2 hours and £1 million raised.
Oversubscribed.

https://www.lse.co.uk/rns/ANGS/result-of-placing-ljly7non16p2l3k.html

I agree, there are exciting times just around the corner for Angus and like James says it is simply about how much gas Angus produce.

Not only were KRG a distressed seller but if you want a quick sale for a big number you give the buyer a significant discount. 8% is not that much in the wider sense of things.

When it is let of the leash it is going to fly.

I agree, things are looking up here. I bought in a few weeks ago as I think that this is significantly undervalued since it's recent fall from grace. Am going to continue buying too.

Saltfleetby is worth £20 million to Angus over time so it is a conservative estimate to say that the market cap will go up to £12 million on Saltfleetby first gas. It could easily be significantly more.

Any form of success at Balcombe could also show a significant rise for the share price as the market is currently putting no value on this at all.

The future is about Saltfleetby and revenue coming in, but James does make a good point. In terms of share price Balcombe is a free hit. It is valued at nothing so if it goes wrong then there should be no real pain but if it goes well then we will see a big upwards push.

Even if Balcombe does come good though I would like to see Angus try and offload it along with Brockham and Lydsey and get out of the Weald for good - I just can't see it (the Weald) ever really working in the way that we all once hoped. Much better opportunities out there than the Weald IMO.

SF is definitely the main play for me too and I also think for the company judging by the way they talk about it compared to their other assets. SF is Lucan's play as well whereas the others are legacies from the Vonk era so it makes sense that this will be his primary concern.

For me personally, Balcombe is just about worth a shot but when SF starts to generate revenue I would definitely prefer the company to expand into areas other than the Weald.

Planning application in. The clock starts ticking. 19th November is the latest that we will have an answer on whether it is recommended or not and since this is a second application then all of the problems should have been corrected and we should have a yes.

Saltfleetby first gas and Balcombe testing look like they could be at exactly the same time. Looking good and looking up. I have to say, Lucan is delivering.

Looking forward to getting the confirmation of Balcombe today. Up up and away

I too remember Alan ramping away on Brockham in 2017. He was not as bad as some of the others, but he was definitely up there in the top 10.

That a cost reduction on the first four wells will not necessarily mean the same cost reductions in the other wells is a very fair point Mirasol. However, I think that it would be fair that say the that the first four have come in at half the estimate is a good thing and it probably provides a good guideline the the likelihood of the others doing this too.

let's see if we can carry on where we ended yesterday. I am hoping for another blue finish.