Member Info for Onetomany

Wait and see. There is no debt repayment in shares instead of refinance. Fact.

They have clearly stated and even underlined that they will not be issuing shares for debt repayment. Fkn idiots.

In respect of point 2 above, it is a requirement of the Aleph Facility that the Company seek Shareholder approval for the necessary authority to issue such number of Ordinary Shares to be issued regarding mutual agreement to repay the Aleph Facility and therefore whilst the Company does not currently expect these Ordinary Shares to be issued given the ongoing discussions to complete a global refinance of this and other Company indebtedness, it is complying with these requirements now in putting such resolution ……

That’s done I believe so should have an update on finance next week latest.

Yeah I think this crisis is going to spike prices massively. I’m in Middle East now and it’s very grim with strong feelings it will end up multi country conflict. It’s much more serious than you’re hearing on Western news.

It’s clear now the direction. Some excellent news in the last few days and the company are trying to tell you all something. The financials are excellent. The permanent flow like week or three away adding more cash. Lower cost debt is weeks and maybe even days away, final diligence data ready. Gas will start moving sharply and easily above 120 by end of the month.

Of the signs aren’t obvious then surely the official updates are.

Big money to be made in the coming days

that was someone just bull****ting. yesterdays rns is highly positive in particular the funding done. added more at the open today. can see 100% increase in next few days

Did the shortfall gas amount (during compressor maintenance) evaporate? Or it’s just a few days longer to extract it from the reserves?

Just asking.

Too many positive but careful undertones today. I think the most pertinent relate to :

1. Global finance update VERY soon which means within week or two.

2. Rerate of the share price near term. That’s what we needed to hear.

3. Significant interest in storage facilities and update by year end.

4. Permanent flow line still on track for completion in October.

Lots of nano snippets but the above is clearly giving a concrete confirmation of what the next two or three months will look like.

Yaz was right. The only way is up.

The CEO and Board are very aware of the drop in Angus share price during the last 3-4 months and are fully committed to reversing the trend. We recognize that while some of the fall is linked to external factors, there has been concern about the company’s increasing debt and questions about our cash generation capability. Our increased debt position resulted from legacy cost and schedule issues which are now behind us; we are working to refinance our debt to remove the short-term, expensive debt which we were required to take on.

The Saltfleetby Field is now operating safely and reliably at production levels significantly above our committed hedge volumes. We are looking at strong free cash flow generation going forwards, once the permanent flowline from the B7 well is installed. This will allow us to pay down debt and strengthen the company’s finances. Angus is now strongly leveraged to gas prices, so any uptick in gas price as we enter the Winter months will have a big impact.

Seems all going well on financing and a real vote of confidence with the conversion. Big reduction in expenses with immediate effect too.

Wow great results considering it’s still September.

Another poor day. Seems to be the norm and the start of the decline.

Yes. It’s well below projected rates. The fact they reduced their forecast for this quarter is not encouraging. Could be more rapid drop off than expected.

Worrying that the flow has dropped from the expect 10mm per day.

Don’t know why anyone putting a negative spin on this. It’s intended to get the best terms.

Disappointing delay but a few weeks is nothing in the grand scheme of things. Also seems the financing is going to happen with a number of lenders in the mix. Steady move upwards now then everything will really fly as we move in to winter.

Just asking.

2.3-2.5 coming any minute now. L2 stronger

Ignore babyto. It’s clear something positive going on behind the scenes.

And getting stronger with each tick up. For sure there is something big going on. Could it be a bid ?