RE: For those who don't understand the hedge...17 Jun 2022 19:19
HITS you put a. Lot of effort to corner the bb with your posts but you do not hold a single share. You talk about misleading posters…..if you are straight is your angle here?
Posters should note that your posts bend the facts just enough to sound negative and throw in the odd positive to sound genuine.
ANGS keeps sales of the gas at the hedged anoint but they sell the gas at the full amount. Beyond the hedged amount they receive the full sales of the gas. Your posts imply Angs are giving the gas away free which isn’t true.
The sidetrack is due to start in July. Note, sidetrack is into the proven field with a high COS and it is now fully funded with Angs receiving 100% of the sales.
U.K. gas today sells at 215.00 p/therm. This price will vary but due to supply issues it is on an overall upward trend.
This gas field production is essential to U.K. energy and consumers.
Also what condensate levels will they have which sells at a premium and they also have oil production which all adds to the bottom line.
Appreciate all the positive and genuine points to your posts but you have a hidden agenda which you are not open about. Why?