Member Info for noelpbz

With 19.125M therms hedged to end of June23 (2.125M/month) we need approx 7mmscf/day to stand still. OK total income £8.83M from hedge swap and Condensate sales and whatever comes from Brockham - all needed fro OPEX.

YES - according to “definitions” that will be 10MCM per day !!! Heaven.

ALSO;
Enter “Saltfleetby” and click on “search” - expand “reports” and choose second option “Physical entry” and expand and select 5th option “D+1”.

At “Criteria” at bottom select “latest value” and ‘applicable for” - then change “From date” to13th and click on “value Data for Data items”.

This might be better:
https://mip-prd-web.azurewebsites.net/DataItemExplorer

HITS. - slight slip 20th/21st , output 01507mcm, - using, at Yanis insistence, the conversion to mmscf then x35.314 = 5.32mmscf x30 days x 10.37 = 1.655M therms/month. That’s now - I expect near 2M soon. Yea

HITS - 5.5mmscf/day. X30 days x10.37 = 1.711Mtherms.

Magoo - yes YANIS is invested in Angus - probably BIGGER than all of us. He did reveal his exposure when things were dire. BUT he is in profit NOW to some extent -plenty more to come.
I envy his Capital Gains Tax exposure.

YES - getting better !! Viz:
Flow rate 17/18. — 0.1378
Flow rate 18/19. — 0.1435

JImm - sounds like you are in the right place - you've somehow jumped the gun - select that 5th option D+1 and then do the rest BUT the date 13th !!!!

JImm - thats NOT one of my options - there are two options:
1. commercial entry and 2. Physical entry - then having expanded 2. you select the next to bottom D+1(the 5th option).

Jimm - NO they haven't - I entered 13th and 0.1378 reappeared for 17/18th

Jimm - I’ve just checked as described and the VALUES have changed. ??????

Jimm.
https://mip-prd-web.azurewebsites.net/DataItemExplorer

Enter “Saltfleetby” and go for “search” - expand “reports”
“ - choose ‘Physical entry’ expand and select D+1 .At Criteria at bottom select “latest value” and ‘applicable for” - then change “From date” to say 15th and select “value Data for Data items”

At last some decent entry levels :
17/09/2022 System Entry Volume, Saltfleetby, D+1 0.1378 18/09/2022 12:01:01

At the end of the LSE interview the last question asked was for a Video of the operation at SFBY - the response was in someway positive but actually Negative because of issues of bringing unqualified kit (batteries and electronics in general) on site during operations(only possible under maintenance shutdown) .

I wonder how this squares with simultaneous operation (SIMOPS) when drilling the sidetrack.

After topping up on Thursday I sort of determined that Angus was a HOLD for years rather than months. The GL dividend promise helps in that decision.

In the interview on Friday GL seemed to retreat from earlier IQ responses that implied that a single compressor was now capable of 10Mscuffs/day and that a second compressor was necessary to achieve 8.5Mscuffs/day PLUS.

All now in hand with an update at end of September.
8.5Mscuffs/day appears achievable from present wellhead outputs.

Sidetrack by end of November could produce the Jam.

Rethink on that HOLD in Q1 2023.

Penguins - you’ve certainly put in the HARD work - well done.
As you say” Whilst Angus may only update production infrequently NG provide daily figures so progress can be seen ”
Just need NG to add SFB to the Instantaneous Flows - ideally ~ 0.4mcm/day. - maybe I’m dreaming.

US gas prices are in no way related to European gas Prices - US gas is CHEAP because of fracking.

Congratulations to Baits - well done ! - I wish him well in his retirement.

However there was no mention of Capital Gains Tax - threshold £12,300.

A further £20K could be shielded from CGT if shares were held in an ISA - leaving £7,700 to be taxed at 10% - assuming he has not exceeded the annual Basic rate band at £37,700 - which if he has the tax will then be at 28%.

A further offset from CGT is any losses he may have materialised during the last 4 Years.

HITS - Also, Year 2 is 18M hedged - Year 3 is 15M hedged -- some JAM in year 1 BUT most JAM to follow.