Member Info for Odins

It's going to have to be massive.

I'm still 75% under water on this one.

What I understand from my investment in ANGS is that the pipeline to connect to the grid is far from plain sailing. It takes considerably longer and costs a lot more than you may think to run a welded pipe that kind of distance and to national grid specification.

Couple that with the cost and scarcity of compressors, separators, controls and other associated kit and we are already looking at two years to get it all delivered to site, assembled, commissioned and ready to run.

I hope they have got their order in already.

Something else that jumps out, is the fact they are looking to use the income from the first well to fund further wells.

All very sensible, but there will be nothing left over for profit for probably another couple of years after the (hopefully) successful sidetrack or horizontal.

Therefore, it could be three to four years before the long suffering shareholder sees any kind of return. That is of course assuming that all goes as planned.

That sounds ominous.

Have they had their matching Purosangues delivered?

Morning JC.

As per the latest RNS:

"No new information will be presented at these events."

Morning Gwyn,

We are very much heading for blackouts under the incoming government and their 'green new deal'.

Why do you think we have been advised to store three days worth of non perishable food and to have candles / wind up torches and radios spare? This is almost definitely coming our way.

By the way, isn't a deal an agreement between two or more parties? I don't remember being asked if I would like to go back to the bad old days of the 70's by an out of touch opposition party, whose only interest is appeasing the JSO mitmots and the Swedish doom goblin with no thought for normal people or businesses.

Go for smaller blocks, otherwise the MMs will pull your pants down on the price of you are going for spot price.

Otherwise, put in a fill or kill order with whatever price you are happy to pay.

As shareholders, we have all had our moan.

The question is, what are we going to do about the obvious issue here?

I don't understand the negativity here from people who are supposedly invested.

Richard Herbert is taking the company in a different direction, which is what everyone wanted.

I particularly liked the radio silence around the progress of this in order to manage expectations and to keep the soap dodgers totally in the dark.

The company has turned a corner since the days of GL . Enjoy it while it lasts.

I'm only 76% down on my investment in RBD Itsawrap.

How about you?

Our MCAP is currently less than the cash at bank.

Says everything about the market's confidence in S&S.

Just bought another 1.5m at 0.065. There are plenty available.

But that is considerably over the ask.

Shhh! Don't spoil it!

I think it has slightly more significance than that.

With a pending Labour government who are pushing the somewhat unrealistic net zero rubbish, this is a very good argument for home grown oil and gas that even with maximum spin they will not be able to deny this is greener than imported LNG.

Considering the amount of our money that has been spent drilling for oil at WN and also considering the current price of natgas, I would be surprised if they didn't go ahead with the final drills, get the gas ready for export to grid and then sell the whole shebang.

Raithlin just need to get their finger out and find the cash for their share.

Surprised the chuckle brothers haven't had a dig down the back of the sofa or checked the ashtrays in their Ferraris for the spare change to make this happen to be honest.

Yes indeed. Make s a nice change.

Lets keep fingers crossed for the Andrews well flow rates, which should be made public within a couple of weeks.

A bit of good news for the WN production drill wouldn't go amiss either.

Looking at the plant and pipework arrangement, there appears to be 2No. Oil tanks, 1No. Water tank, a separator and two gas takeoff valves.

I'm guessing the gas takeoff valves are for a micro gas compressor to send the gas to grid at grid quality and pressure.

If the appeal fails, then ANGS should be able to sue for legal costs and loss of production.

Same here. Just checked again and only 24,609 available at 0.5p

Who are you with BP?