RE: BEFORE or AFTER The Bell......21 Mar 2026 11:51
SR it is clear that the share will rerate. We have to remember that the market valued ANGS at 0.2p with gas price heading lower, legacy hedge income, concerns over debt, declining production, concerns over ability and plans for workover. Now look what we have….
1. Debt restructuring done and terms will definitely be better.
2. Huge cash pile built up over the last 12 months.
3. Successful workover programme completed and funded fully from cash reserves.
4. Cash pile I am sure to be preserved for future growth / acquisitions / new wells / contingency planning
5. Gas price significantly higher and will remain high with long term ME stability issues.
6. New hedges in place underpinning everything and guaranteeing significant growth in revenue.
7. Production levels materially higher
8. Free cashflow post debt repayment plan
Of course we do not know the minutia of each but even if there was some dilution there is still potential for this to multi bag on resisting. I would be very surprised if it doesn’t open above 1p.