Member Info for noelpbz

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Wg818 - relisting is not impossible - possible cost circa upto 500k - something which the way things are going is possible - if at all necessary.

Thanks Ocelot - do we know where as I would like to attend.

More to the point where is the Annual report and when is the AGM ??

Regarding the Hedging RNS and assuming the period indicated is April 26 to June 27 (15 months) then the 44% 12.9M therms hedged would equate to approx 30M therms total over the same period - ie 2m therms/month.

This absolute confidence in production is considerable and whilst they do not say with whom they are partnered in this hedge we can only assume it to be Trafigura, then if they can agree on hedging why can they not agree on debt reconfiguration ??

At the very least the hedging demonstrates Trafigura confidence in an Angus future in the industry.

Let’s hope they can maintain 2m therms/month.

Time for the annual report -. we might learn something although I think we know the answers.

I would be surprised if the major shareholders are not putting pressure on for an immediate return to trading again - as with current conditions I can see the SP doubling.

I note thermal energy is mow all the rage in Cornwall - what happened to the Angus project ?????

OH - it would not surprise me if the purchaser was nearer to home than GoM.

I suspect that Trafigura is soft pedalling with Angus as they are anticipating a windfall payment coming from the current negotiations (RTO) that will cover all the outstanding debt and interest. Basically from selling a hole in the ground.

Unfortunately Trafigura’s acceptance may not concur with PI’s valuation.

Personally as I am in at 1.12pence - it would need to be around £80M for me to break even.

It has all the hallmarks of Sirius and Hurricane Energy - thankfully the main market keeps me afloat.

HITS - Revenue is normally reported gross - and the through the accounts one can see where OPEX has been applied.

Using your analogy can we assume they have paid some outstanding debt ??

4.16M therms x 0.79p = £3.29M - then there condensate and oil.

OTM seems to be correct.

It appears to me that the only real asset that Angus have is the potential for a hole in the ground. Any RTO negotiation must be focussed on the value of this asset.

In essence Angus is seen as a gas producer but unfortunately the cost of extraction negates any profitability and possibility to pay back any debt or dare I say it dividends.

Angus have achieved the Gold Star award for standing still.

What value a hole in the ground ??

HITS - yes true I was ignoring Q2 production numbers - and I am being a little optimistic - but I believe your numbers are TOO pessimistic. Time will reveal all - I want you to be wrong as I have a substantial investment here - unlike your good self. All the best.

HITS - from Period 6 months to March31st 2025 we have £1.95M per month. (£23.4M PA)

- this should should increase after June 25 to £2.6M per month (£31.2M PA) - when they finally sortout the compressor situation.

Production improving !!!! - from 0.1234 to 0.1279 yesterday. !!

SAS viz:

5/06 - 0.1137

6/06 - 0.1217

7/06 - 0.1259

8/06 - 0.1241

9/06 - 0.1218

10/06 - 0.1254

11/06 - 0.1120

12/06 - 0.1165

Also:

From:  - https://data.nationalgas.com/find-gas-data

  

Enter Saltfleetby (must be capital S) - enter and choose “system entry volume, Saltfleetby D + 1”.  Then modify date range.

Then “View Data”.   ——— BINGO !!

WG - thank you - numbers even worse - 1.25m therms x 29.25pence - £365K !!

Sufc. - the current production which seems to just meet the Hedge + 8% - 1.25Mtherms is priced at 35.25pence per therm - ie £440k.

Current gas production is just about meeting the hedge and the 8% royalty - with gross revenue at £440K towards the £1M monthly Opex.

Let’s hope condensate and oil revenues relieve the gap+.