Member Info for Odins

So what's your thinking?

Getting the permits for CS and then flogging it off to a major like Eni?

And it's into single digits we go.

There must be something in the offing. A normal day for RBD trades looks nothing like this.

Are you thinking in the region of installation and commissioning of the third compressor during routine maintenance of the other two compressors?

Or are you thinking something else?

Afternoon Ocelot,

Indeed it is. Although the question would be, who would want to buy ANGS lock stock and barrel and for what purpose.

As you say, utilising the tax losses against profit is one thing. But first you have to turn the kind of profit that makes using the offset worthwhile.

While we are aware that the hedges start to calm down a bit in Q3 next year, would that then give ANGS the kind of profits that the tax losses could be used against?

Not forgetting of course that this is a diminishing well and things are not going to improve until the third compressor is connected and commissioned.

Another school of thought may be that mad Ed Miliband and his net zero insanity may just have a moment of clarity and decide to use SFBY for CCS. This would require the compulsory purchase of the entire field / company and would effectively write off £180m of debt from HMRC's books at the same time.

The price for such a move would of course be incredibly high. But hey, It's only other people's money and the government are currently spaffing that up the wall like a drunken sailor on shore leave. So there is always hope.

Afternoon Ocelot,

The only way I can see that working is if someone with deep pockets acquired the company and all associated tax losses.

I don't think a merger would allow the other party to benefit from Angus' tax losses.

Unlikely Ocelot.

One would assume that any merger would produce a new company entirely.

As lovely as that would be, I think that information might be about ten years out of date.

1p? That would require an MCAP of around £250m. I don't see that happening any time soon to be honest.

Maybe an MCAP of £100m once the drill is complete, the well proved up under EWT and a route to market is established.

That's around the time I would expect a major player to step in and make a serious offer for whatever we have left percentage wise after the financing of the rig has taken a chunk out of us.

I would say that the having the financing in place to pay for the rig would be the first step.

Once that is confirmed, it wouldn't surprise me if we then get an RNS advising of a provisional slot booked for some time early next year.

This is of course if the Valaris rig is still in the area and actually available.

I wouldn't read too much into that as there are a number of other oil and gas fields shown which are operated by other O&G companies.

I think it is just showing the proximity of all the other fields in the area.

North Africa I am not so sure about. A very dodgy place to do business.

North America on the other hand is very O&G business friendly and properly regulated. Another small UK based O&G company have partnered with one of the local US O&G companies and have already drilled two wells in the last six months and have both into production.

Having seen this with UJO. The company applies to the stock market to consolidate, say 200:1.

The next day, the SP drops by 10% and then continues to drop in a slow death spiral.

Probably taking delivery of their brand new his 'n hers Purosangues.

Morning again Ocelot.

Yes, that may be slightly unrealistic.

Do you get the feeling that one was cobbled together on a Friday afternoon, following a serious lunchtime session?

2p is slightly more realistic, given time and a fair wind.

Morning Ocelot.

There hasn't been an SP forecast available for ANGS for over a year. Then that one popped up.

I know, should definitely be taken with a large pinch of salt as unlikely to ever come to fruition.

The analyst consensus target price for shares in Angus Energy is 20.00p. That is 7900% above the last closing price of 0.25p

Well that would be nice.

There is very little point of drilling WN at the moment if the current government are going to pick the pockets of those who took the risk and funded the drill. If it is a success, 78% tax on profits. If it isn't a success, no tax write down for the expense of a failed drill attempt.

Colle Santo could be the jewel in the RBD crown as Italy is crying out for local gas assets and isn't going to mug the bringer of good news purely out of greed, spite and a cult like myopic adherence to the net zero rubbish.

Afternoon uggy,

True. Communication with the people who pay their wages has always been woeful.

Something like the environmental permit process for CS being suspended by the company is however something that should be explained to their investors via RNS.

No RNS this morning explaining why the CS permit request was suspended.