Member Info for RedbullRJ

As per my 13:39 post, report that the Norwegian shutdown has been extended:

"EUROPE GAS – Prices rebound after Norwegian outage extended

14:44

(Updates story after outage extended at Nyhamna gas processing plant)

LONDON, June 13 (Reuters) – Wholesale British and Dutch gas prices rebounded on Tuesday afternoon, after earlier losses, after an outage at Norway's Nyhamna gas processing plant was extended.

The Dutch benchmark front-month contract was 3.88 euros higher at 34.10 euros per megawatt hour (MWh) by 1338 GMT, while the day-ahead price rose by 4.20 euros to 33.50 euros/MWh.

The British July price rose by 9.30 euros to 85.80 euros/MWh.

A maintenance outage at Norway's Nyhamna gas processing plant has been extended by almost a month to mid-July due to problems with the plant's cooling system, operator Shell said.

Shell extended the outage to July 15 from 21 June, according to an update via the transparency pages of Norwegian gas infrastructure operator Gassco.

Nyhamna processes gas from the Ormen Lange and Aasta Hansteen fields, with the outage cutting 79.8 million cubic metres (mcm) of export capacity per day.

"This has upturned the market as prices were lower this morning," a gas trader said.

Norway is carrying out several maintenance outages at gas infrastructure assets, which does carry the risk of extensions, the trader added. NSEA/AM"

Thanks ocelot.

Last time the July future was at 88 ish was around 2nd May when Angus share price was around 1.6p. What else is so different that it shouldn't be that now or higher?

https://www.barchart.com/futures/quotes/NFN23/overview

Looks like this extended outage has just help push up up the gas price.

(There are several similar so guess the volume adds up to a relevant amount) :

Norway’s Gassco modifies planned gas outage

13:01

OSLO, June 13 (Reuters) – Norwegian gas system operator Gassco revised the details of a planned outage at Dvalin Tuesday, modifying its end date.

The following are details of the outage versus Gassco’s previous guidance:

Affected facility: Dvalin Scope of outage: -9.0 mcm

Start of outage: 2023-02-16T06:00:00+0100

Expected end of outage: 2023-07-15T06:00:00+0200 VS 2023-07-01T06:00:00+0200

Gassco comment: Uncertain duration

11/06/2023 01:00:00 11/06/2023 System Entry Calorific Value, Saltfleetby, D+1 41.2700 12/06/2023 12:01:01 L

11/06/2023 01:00:00 11/06/2023 System Entry Energy, Saltfleetby, D+1 2836667.0000 12/06/2023 12:01:01 L

11/06/2023 01:00:00 11/06/2023 System Entry Volume, Saltfleetby, D+1 0.2473 12/06/2023 12:01:01 L

.

12/06/2023 01:00:00 12/06/2023 System Entry Calorific Value, Saltfleetby, D+1 41.2700 13/06/2023 12:01:00 L

12/06/2023 01:00:00 12/06/2023 System Entry Energy, Saltfleetby, D+1 2707778.0000 13/06/2023 12:01:00 L

12/06/2023 01:00:00 12/06/2023 System Entry Volume, Saltfleetby, D+1 0.2363 13/06/2023 12:01:00 L

And with " 70% of interest costs fixed for at least three years" reported for the previous financial year, at interest rates lower than current inflation, it's similar to stoozing.

10/06/2023 01:00:00 10/06/2023 System Entry Calorific Value, Saltfleetby, D+1 41.2700 11/06/2023 12:01:01 L

.

10/06/2023 01:00:00 10/06/2023 System Entry Energy, Saltfleetby, D+1 2876667.0000 11/06/2023 12:01:01 L

.

10/06/2023 01:00:00 10/06/2023 System Entry Volume, Saltfleetby, D+1 0.2508 11/06/2023 12:01:01 L

.

.

11/06/2023 01:00:00 11/06/2023 System Entry Calorific Value, Saltfleetby, D+1 41.2700 12/06/2023 12:01:01 L

.

11/06/2023 01:00:00 11/06/2023 System Entry Energy, Saltfleetby, D+1 2836667.0000 12/06/2023 12:01:01 L

.

11/06/2023 01:00:00 11/06/2023 System Entry Volume, Saltfleetby, D+1 0.2473 12/06/2023 12:01:01 L

Flow still showing zero, likely incorrectly.

08/06/2023 01:00:00 08/06/2023 System Entry Energy, Saltfleetby, D+1 0.0000 09/06/2023 12:01:01 L

08/06/2023 01:00:00 08/06/2023 System Entry Volume, Saltfleetby, D+1 0.0000 09/06/2023 12:01:01 L

Gas price recovering again:

https://www.barchart.com/futures/quotes/NFN23/futures-prices

Showing zero again. Still suspect a problem with figures, as Monday's were normal and would seem strange to shut it down at Midnight, unless anyone has a better idea of the actual day start and finish times?

05/06/2023 01:00:00 05/06/2023 System Entry Calorific Value, Saltfleetby, D+1 41.3100 06/06/2023 12:01:01 L

05/06/2023 01:00:00 05/06/2023 System Entry Energy, Saltfleetby, D+1 3024444.0000 06/06/2023 12:01:01 L

05/06/2023 01:00:00 05/06/2023 System Entry Volume, Saltfleetby, D+1 0.2637 06/06/2023 12:01:01 L

08/06/2023 09:45:00 06/06/2023 System Entry Calorific Value, Saltfleetby , D+2 39.0000 08/06/2023 10:00:00

08/06/2023 09:45:00 06/06/2023 System Entry Energy, Saltfleetby , D+2 0.0000 08/06/2023 10:00:00

08/06/2023 09:45:00 06/06/2023 System Entry Volume, Saltfleetby , D+2 0.0000 08/06/2023 10:00:00

06/06/2023 01:00:00 06/06/2023 System Entry Calorific Value, Saltfleetby, D+1 39.0000 07/06/2023 12:01:00 L

06/06/2023 01:00:00 06/06/2023 System Entry Energy, Saltfleetby, D+1 0.0000 07/06/2023 12:01:00 L

06/06/2023 01:00:00 06/06/2023 System Entry Volume, Saltfleetby, D+1 0.0000 07/06/2023 12:01:00 L

07/06/2023 01:00:00 07/06/2023 System Entry Energy, Saltfleetby, D+1 0.0000 08/06/2023 12:01:01 L

07/06/2023 01:00:00 07/06/2023 System Entry Volume, Saltfleetby, D+1 0.0000 08/06/2023 12:01:01 L

Gas futures climbing this morning.

https://www.barchart.com/futures/quotes/NFN23/futures-prices

Though the analysts at Deutsche have today reiterated their buy recommendation and target of 145 and I would hope they have access to better resources than me.

07-Jun-23 Deutsche Buy - 145.00 Reiteration

Figures shown on the site keep changing?

As said getting zero would require some precise timings turning off the taps.

Desperately needed if railings are going to get back to production capacity:

https://www.miningweekly.com/article/top-ceos-sign-up-to-help-tackle-south-africas-energy-transport-and-crime-crises-2023-06-07

Seem more likely to be correct, as to be a normal daily figure, followed by a day of zero output, surely would involve turning off the taps at exactly midnight?

Figures now changed, hope they're now correct and assume an earlier mistake? Shows continuing small daily increases:

06/06/2023 01:00:00 06/06/2023 System Entry Calorific Value, Saltfleetby, D+1 39.0000 07/06/2023 12:01:00 L

06/06/2023 01:00:00 06/06/2023 System Entry Energy, Saltfleetby, D+1 0.0000 07/06/2023 12:01:00 L

06/06/2023 01:00:00 06/06/2023 System Entry Volume, Saltfleetby, D+1 0.0000 07/06/2023 12:01:00 L

06/06/2023 09:45:00 04/06/2023 System Entry Calorific Value, Saltfleetby , D+2 41.3500 06/06/2023 10:00:00

06/06/2023 09:45:00 04/06/2023 System Entry Energy, Saltfleetby , D+2 3015556.0000 06/06/2023 10:00:00

06/06/2023 09:45:00 04/06/2023 System Entry Volume, Saltfleetby , D+2 0.2632 06/06/2023 10:00:00

07/06/2023 09:45:00 05/06/2023 System Entry Calorific Value, Saltfleetby , D+2 41.3100 07/06/2023 10:00:00

07/06/2023 09:45:00 05/06/2023 System Entry Energy, Saltfleetby , D+2 3024444.0000 07/06/2023 10:00:00

07/06/2023 09:45:00 05/06/2023 System Entry Volume, Saltfleetby , D+2 0.2637 07/06/2023 10:00:00

If this is correct, hope it's just a day's maintenance connecting the permanent pipe work:

05/06/2023 01:00:00 05/06/2023 System Entry Calorific Value, Saltfleetby, D+1 41.3100 06/06/2023 12:01:01 L

05/06/2023 01:00:00 05/06/2023 System Entry Energy, Saltfleetby, D+1 3024444.0000 06/06/2023 12:01:01 L

05/06/2023 01:00:00 05/06/2023 System Entry Volume, Saltfleetby, D+1 0.2637 06/06/2023 12:01:01 L

.

06/06/2023 01:00:00 06/06/2023 System Entry Calorific Value, Saltfleetby, D+1 39.0000 07/06/2023 12:01:00 L

06/06/2023 01:00:00 06/06/2023 System Entry Energy, Saltfleetby, D+1 0.0000 07/06/2023 12:01:00 L

06/06/2023 01:00:00 06/06/2023 System Entry Volume, Saltfleetby, D+1 0.0000 07/06/2023 12:01:00 L

Gone to a £1 and now in auction. Loving this

First Tweet for a while, nothing significant though:

https://twitter.com/angusenergyplc/status/1666371602697601024?s=20

Dips are all being bought into, with 6%+ already, it's possible the investor group are still stake building, at what are still very low prices, now the cat is out of the bag. Shorters are going to get desperate for stock when the margin calls start flashing up.

And back into the FTSE250 if we can get to around 120 by August

Going to be a long sweaty night for anyone who's short on this