Member Info for Mirasol

"of course there will be a clause for delays or worst case scenario,"

Evidence? No-one has mentioned it to date. Why would the other side of a hedge sign such a deal?

", I presume you are well in the Red "

Like many LTH I've taken a beating here -

"And Ninetails is another one who hides behind his name and is for even insulting people. He would not dare say half of what he does if he had to use his real name."

Whats your real name Pboo??

"you bought this morning with that positive comment!"

Ho Ho - I have enough ANGS shares thank you. But seriously stupid is seriously stupid and should be callled out .

As HITS keeps pointing out its all a matter of volumes and timing - there is gas there - can they get it when they need it in the required volumes? - that is the question

I swear to God this is the only sub forum where outright pure idiocy is a requirement to post
"What happens if water comes out of the taps rather than Gas"

I don't often agree with you RTT but in this case you are correct

To be fair I remember Lucan saying that they'd checked the well pressures quite early on and that they were in line with expectations. Which was a wise thing to do of course. It's buried in some of the Answers to Investors I think

"erefore, to changes of circumstance and projects not going according to plan."

Nothing has come off "according to plan" Ocelot - doesn't that suggest something to you?

" We know from the past that GL releases RNSs immediately he has news to communicate"

hmm LTI's will remember how quickly they released the news that the Brockham EWT was not happening- at the very last minute before they were supposed to start - remember?

" The companies invested in Angus have hedged their loans. even with that in mind they must believe in GL & Angus because they to have a lot to loose millions"

I think they may believe in the field but they don't necessarily believe in the BoD -. they've positioned themselves so they can take out the company for nothing if things go wrong. I got out of Sirius when I saw how it was going - but some people held onto the end .

" Now it seems like a lot of traders wil wait for first gas when ever it comes."

Yes I agree - in fact I think they'll wait until the hedged amounts are reached - the risk is too high to buy in now.

Is your maximum word count always 7 before you lose your train of thought and start shaking uncontrollably?

You and BV normally only manage a line of abuse every time Silver

so buy in in 2025 when the gas flow is unhedged I guess

"does he/she/it need to post nonsense on a share holders chat forum for this to happen?"

Explain what is factually wrong with our posts please?

You may not like it, no-one likes the current situation but you have to face facts - it's getting extremely tight here

they will buy the gas for 40p a therm approx

"They have committed to deliver a set volume of gas and a good guess at what the future price of gas is"

Yes and no -they had to raise cash last year - the only way they could do it was to hedge some of their future production. Mercuria guaranteed a price as set out in the CPR and various RNS's - ANGS guaranteed a volume every month starting in July 2022. Absolutely fine, nothing wrong with that.

Then of course Russia attacked Ukraine and the gas price went up - doubled, tripled, ....... Mercuria are now sitting on a possible gold mine as they will buy the gas for $0p approx and sell at between £ 1.60 and whatever. ANGS still get their 40p.

However if ANGS don't produce enough gas they have to pay Mercuria for the CONTRACTED volumes

This could be a very very large number

That's the problem with hedging - you have to be able to deliver .

"According to 3put the sidetrack has started,"

Brave to do that while you're still working on First Gas and the Full Production I'd say

"you have no business acumen with that reply."

Business acumen is not paying for kit until you are certain you'll need it BV

"While the company is working away in the background almost aligning it's business with the UK and world governments agendas"

Translation " Writing no cost puffery about whatever is the current buzz word in the headlines without doing any real work"

"being vindictive"

It is not vindictive to point out that the Company has is exposed to over a million quid a month in new outgoings if they can't get their act together

"You obviously have nothing to sweat about never being invested"

Wrong I'm afraid