Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Ross Pearson presents the work done on mapping Saltfleetby from 21:35 with the map of the structure being displayed from 24:50.
Speaks of "potential upside in reserves not captured in the (most recent) CPR" and of "much deeper gas-water contact than previously assumed" which "significantly increases the size of the field".
With stable production and free cash flow and the refinancing completed, the Company can focus on
growth opportunities
• Angus has built a world class management team who are committed to increasing shareholder value
• Potential for organic growth in production of oil and gas at existing fields
• Angus operational experience onshore UK provides significant opportunity for gas storage at Saltfleetby
and other sites as UK becomes more reliant on imported gas
• The company believes there will be significant acquisition opportunities in the UK as other operators
indicate their reduction in UK investment
• We have a strategic funding partner in Trafigura
• Angus is looking at opportunities inside and outside the UK, specifically in North Africa, North America
and Continental Europe
https://www.angusenergy.co.uk/wp-content/uploads/2024/03/Angus-IMC-Mar-2024-FINAL.pdf
The comment made about 5x EBITDA was in relation to US valuation metrics.
Obviously, Angus is a UK stock. Nevertheless, even allowing for the low valuation of the UK market, 1x EBITDA is a very low multiple.
Https://www.londonstockexchange.com/news-article/UKOG/loxley-gas-project-update/16396664
Also available on the website under Media/Presentations
https://www.londonstockexchange.com/news-article/ANGS/investor-presentation/16396814