Member Info for ocelot

Dry commissioning is expected to begin on 26 April with select hydrotesting of key site pipework. This will be augmented with electrical and control tests during early May. Wet commissioning is expected to begin at or around 15 May and is expected to last approximately two weeks. The Company continues to target First Gas by 1 June allowing for one full month of unhedged production.

It is, therefore, still possible that (in all likelihood) an industry player will stump up cash for a percentage of Angus's interest in Saltfleetby (100%? 40%? 25%? one guess is as good as another).

... two ACTIVELY interested parties for part or all of our Licence interest at an asset level (my capitals)
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GL was under no requirement to insert the word "actively".

Discussions continue and the interested parties are fully aware of the value Angus management attributes to Saltfleetby.

The Company is pleased to continue discussions with two actively interested parties for part or all of our Licence interest at an asset level. However, in the light of a strongly supportive economic backdrop and in constant pursuit of shareholder value, we are now formally closing out our Formal Sales Process as regards potential Offers for the shares of Angus Energy plc although we remain in a Strategic Review period whilst those discussions continue at an asset or licence level."

It is clear: there are no other offers for the company as a whole, discussions continue re part or all of Saltfleetby.

The stock is off 5.6% in volume of 20.6m.

Looks as if the dust is beginning to settle.

SOU's possible offer had the merit of focusing the spotlight on ANGS but, for myself, in itself was largely a distraction.

Believe the stock has a long way to go upwards over time so this morning's action will later be seen to constitute a blip on the graph.

The Company is pleased to continue discussions with two actively interested parties for part or all of our Licence interest at an asset level. However, in the light of a strongly supportive economic backdrop and in constant pursuit of shareholder value, we are now formally closing out our Formal Sales Process as regards potential Offers for the shares of Angus Energy plc although we remain in a Strategic Review period whilst those discussions continue at an asset or licence level."

... Following Sound Energy's customary and well-established due diligence review process and after careful consideration, the Company has concluded that it will not pursue an acquisition of Angus as originally contemplated and outlined in its announcement of 18 January 2022...

For the purposes of Note 2 to Rule 2.8 of the Code, Sound Energy reserves the right to make or participate in an offer or possible offer for Angus (and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code) within 6 months of the date of this announcement:

i.) with the agreement of the board of directors of Angus;
...

gwilliams71,

We have teamed up with UK geothermal technology specialist Ceraphi Energy Limited ("Ceraphi") to evaluate the economic feasibility of transitioning a part of our Horse Hill site into a geothermal and solar energy hub. This hub could potentially supply heat energy to a defined significant industrial end-user in the area.

There is no mention of a wind turbine, but it would mean protestors would need to specify which bit of HH they are protesting about!

The prime minister and the business secretary's enthusiasm for more onshore wind - the cheapest and quickest forms of renewable energy to deploy - has been tempered by fears that public and backbench MP opinion is divided.

Communities that want them, and the energy bill discounts that living near turbines could bring, will still be encouraged to have them. (from a BBC article)

Fracking is being treated apart, with the 3-month review.

Personally, however, I don't see Johnson being prepared to offend local interests, he can't afford to upset unnecessarily any of his MPs and it's difficult to limit fracking to opposition constituencies only.

There wasn't any reference to energy bills either, unless I'm mistaken.

It's all quite, if not very, long term stuff.

https://drillordrop.com/2022/04/06/energy-security-strategy-government-backs-nuclear-offshore-wind-and-north-sea/

Hmmmm..... not sure 'where' in my comment I actually tried to 'drive' the SP down. Rather I'm of the view that the 'potential' Cash Flow doesn't support aa much higher SP than 2-3p...
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The above argument doesn't hold together, does it?

Bottom_feeder is of the opinion that ANGS is a "Strong Sell" at 1.40p because he is of the view that the share price may rise between 43% and 114%.

Hmmmm..... not sure 'where' in my comment I actually tried to 'drive' the SP down...
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Bottom-feeder,

Have you seen your opinion, "Strong Sell"? (and that is at the current price, of 1.40p).

The current share price is down at the bottom of the valley.

They don't need much to start going right for them for the share to begin its ascent.

The last line which was cut off reads as follows:

Hopes for a major loosening of planning regulations in England that would allow more onshore wind will be dashed, owing to cabinet opposition...

volume is up to 112m now.

Happy New Tax Year everyone!

Until 1752, the new year was celebrated on Lady Day, 25th March.

The tax year begins, therefore, on the old New Year adjusted by 11 days for the adoption of the Gregorian calendar in 1752 and by 1 day for the Leap year in 1800.

livelier start to the day: volume of 47m after the first hour.