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Ist well must have stable rates as I explained in my previous post. And imo will cover the hedge. Just waiting for the 2nd well to stabilise imo.
From the 25/8/2023 RNS.
"The Company will make nominations for gas sales when it is satisfied of stable flow, uninterrupted by electronic trips, for an extended period of time being not less than 8 hours continuous flow which we strongly believe will occur before the end of August"
TIC TOC.
They must have stable flow rates on the first well atleast. When Angus make a gas nomination they are stating how much gas they will flow in to the grid each hour.
So imo they are waiting for the 2nd well to stabilise. Without stable rates Angus could NOT make nominations.
The flow rates RNS should be fun ;)
Strong buy .
https://twitter.com/johnredwood/status/1564890572804030465?t=1F6XeK3l55_jI4DKWeq9bQ&s=19
I am urging the government to review all ways of increasing domestic output of gas and electricity. This includes extending the safe lives of nuclear stations, extracting more gas from existing fields, and keeping coal generators as reserves.
LSEANGUS ENERGY PLC
Last Signal:STAY LONG
Last Close:2.31Change:+0.2600Percent change+12.68%Signal UpdateOur system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 26/08/2022, 4 days ago, when the stock price was 1.69. Since then ANGS.L has risen by +36.61%.Market OutlookThe bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security. more...
https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=ANGS.L
12 August 2020
Angus Energy Plc
("Angus Energy" or the "Company")
Agreement for the Sale and Purchase of Natural Gas from Saltfleetby
Angus Energy (AIM: ANGS) is pleased to announce that its' wholly owned subsidiary, Angus Energy Weald Basin No. 3 Limited has entered into an off-take agreement for the entire production from the Saltfleetby Gas Field with Shell Energy Europe Limited, a division of Royal Dutch Shell plc. The terms of the agreement are in line with the assumptions used in our CPR and we are pleased to have such a robust partner for gas sales.
George Lucan, Managing Director: 'We are pleased to have signed this agreement with Shell Energy which will cover all of the gas produced from Saltfleetby'.
END.