Member Info for ocelot

On the basis of the Saltfleetby CPR alone, ANGS remains grossly undervalued.

The more pertinent question is:

how can one justify ANGS's current share price?

Net present value of Satlfleetby's mid-case scenario at 01/01/20, using a discount rate of 10% pa, is £25.2m.

£25.2m = 4.17p per share.

But that was the net present value more or less at last Xmas!

10 mins ago

Good to see the share price rising, but, in truth, it should never have fallen as low as it did.

For myself, for the present, it is simply correcting what was an aberration of a share price.

The Saltfleetby CPR's net present value at 01/01/20 for the mid-case total post-tax net revenue forecasts is £25.2m.

That net present value has been discounted at a rate of 10% pa.

10% is conservative and allows for execution risk in the delivery of the project.

As the project is seen to progress in conformity with the CPR, so that conservative discount rate can be reduced: at 5% pa, the net present value is £29.9m (page 56 of the CPR).

http://www.angusenergy.co.uk/wp-content/uploads/2020/03/Reserves-Resources-Valuation-Report-Angus-Energy-Saltfleetby-Assets-Effective-Date-28th-February-2020-Report-Date-4th-March-2020.pdf

Fail to see how the remaining balance of £175,001 can be portrayed as constituting doom, slight exaggeration, perhaps?.

Yes, that's a very healthy trade at 0.26p at 08:17.

Thanks for that post, have now registered for the webinar.

SF06 &SF07: Cost for Abandonment - c. GBP335,000 ...

We will proceed immediately to submit an abandonment programme for well SF06 to the relevant authorities. (RNS of 18/08)
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Perhaps the decommissioning cost of the SF06 well at Saltfleetby means they have chosen not to repay Riverfort in cash this time.

£175,001/3 = £58,334, not £75k.

I had completely missed the question asked on 05/08 to which they have already provided an answer, re the planned sidetrack st Saltfleetby:

http://www.angusenergy.co.uk/media/investor-questions/

The last one re the repayment to Riverfort was released on 24/07 at 13:45.

New repayment dates have been set at six equal monthly instalments between 24 May and 24 October 2020 and, if the Company elects not to pay an amount on the due date, that amount will become either convertible at any time as per the original terms or simply repayable at final maturity. (RNS of 20/04)

"Trade definitions are based on the mid-price and are indicative only"

No material new information will be released by the Company during the webinar. (RNS of 21/08)

No material new information will be released by the Company during the webinar. (RNS of 21/08)

marked acceleration in trading volume:

the 1st 100m took almost 3 hours, the 2nd, about 1 hour.

100.6m shares traded, per advfn, and it's not quite 11am.

Let's see how Loxley develops.

That is:

the past is already in the share price, the future, certainly in Angus's case, isn't.