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You misread my post numb nuts. I said I did my figures and then posted his post. Headinthesand you really do get angry when someone is positive about Angus don’t you? I guess it affects your pay from those you pay you to deramp I guess. Loser
Forgot to add in the event that the sidetrack is unsuccessful then we should still be looking at a gas generation of approx. 7mmscf/d from the two existing wells at the field producing with the extra pressure that the company think will be available for 18 months post shut-in. In this instance Saltfleetby would generate between £1.1 - £1.5 million per month even after the hedging is factored in. Total value between July 2022 and December 2023 of £24 million before operating costs. Either way we are really undervalued and at bottom imho.
I have spent last couple days doing some figures, In the event that everything goes to the company’s plan then Saltfleetby will generate 10mmscf/d after the sidetrack. This will result in delivering between £2 million and £2.4 million per month in revenue even after the hedge is factored in at the highest rate of 5.38mmscf/d in Jan-March 2023 – Total value between July 2022 and December 2023 of £41 million before operating costs, with a current market cap of £9m it’s a no brainier.
https://twitter.com/angusenergyplc/status/1460241597304557570?s=21
We looking good
Saltfleetby is producing over 5.5mmscf/day without drilling the sidetrack. This means that the company will make about £4-5 million before the hedge kicks in. £5 million means that they have paid off half the borrowings before July 2022
So the company is banking £10 million per annum profit in 2023 but the market cap is only £9 million at the moment what will be the share price when the money is coming ino the bank? 4p / 6p more? We are ridiculously undervalued I rather my money stay in this safe company than any wild cat oiler. Excellent buying opportunity at current level.
Added 700k shares in lots of 200k and one 300k this morning now at bargain price this is going for a run today. Taking a breather for a big leg up this afternoon. I see 1.3p this week with ease. Todays upgrade is huge to the company. Got all out of UKOG and now all in Angus till saltfleetby produces and we get 5p.
Lots of games here lucky I sold out last week got into Angus instead. They just announced a huge increase in gas from salt fleetby. I’ve given up in this stock after years holding now all in Angus at 1p to recuperate losses.
George Lucan, CEO, comments: "Obviously this Report is a solid validation of our efforts to restore this great onshore gas field to production with the help of our many UK based suppliers, advisors and contractors. Regardless of near-term fluctuations in the gas price, the higher forward gas price curve from mid 2022 onwards, which is reflected in this CPR valuation, is the result of structural gas supply-demand imbalances which, whilst only brought to light recently, are likely to favour producers for many years to come and highlight the national importance of this domestic gas supply."