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Angs RNS will disclose the information on the status of the connection tomorrow. If gas produce at 8 or below 8mmscfd from the 3 well, then Angs will continue to fall.
The information disclosed in the Q&A on 30/4 is basically the same as that disclosed by RNS on 18/4. The difference between the two is:
1. The Q&A on 30/4 explained in more detail why the B7T well needs to be cleaned up, and
2. Notify the investors in advance that the RNS will be announced tomorrow.
The 30/4 Q&A and tomorrow's RNS can serve to soothe the unease among the investors. However, it may not be strong enough to stimulate Angs to rise sharply.
1. Clean up "is expected to continue during the production phase. We know from other Saltfleetby wells that clean up can take a number of months to achieve."
2. "Shareholders should be able to see a rise in exports from National Grid's website over the coming days and weeks.”
The information provided by the Angs 30/4 Q&A is the same as that provided by the 18/4 RNS, and there is no new content. Moreover, the tone of the wording is similar, and there is no clear timetable for "to realize the combined flow rates of all three wells" , the B7T well is continuing to be cleaned up and may take months to complete. Under the pressure of the investors' public opinion, Angs had to announce the RNS tomorrow to ease the investors' emotions. Do not have too high expectations for the positive effects of RNS tomorrow.
I hope Push2 will comment on Ukog's Pinarova-1.
No one should blame Push2 for its comments about Angs' B7T well. Push2's comment on the B7T well is a serious, professional and logical comment. If the final result of B7T well is inconsistent with the analysis and judgment of Push2, it is also due to the fact that the relevant information provided by Angs is not completely true, and has nothing to do with the logical inference of Push2.
If the problem that the Angs have is a problem on the ground, I think it is easy to solve. However, if the problem Angs is having is a problem with the B7T well (underground), this is a serious and difficult problem to solve.