Member Info for SillyButtons

BV,
need to be careful with faith
"There are none so blind as those who will not see"
but each to their own..gla

360Phil,
"BV, it's neck and neck between you and Adrian for being the most unhinged poster on here."

while i dont agree with Bv's perpetual rose tinted view of everything related to angus at least they are consistant..
that other numpty, SV, is a feverent believer or ardent detractor depending on when he is in or out..
SV is always the winner in any unhinged competition..

Now you know what it is like to read your posts shareflyer!

hamsters,
i didnt know the DWP required a resignation letter from beneficiaries! ;-D

That is the worry Mirasol..
and the fact we have managed to roll the hedge once, i suspect that will be the plan b for the side track installation.
This will limit cashflow with debts to be paid, is a loss of profit at higher gas prices that wont last forever and another failure keeping the Sp surpressed..

Bridgedogg1,
"My interpretation is that any unmet hedge from Q3 will be rolled over and spread across Q1 and Q2 hedge requirements."
I wouldnt think this is the case as they probably do want/need some unhedged production for cashflow & debt

"That gives us significant headroom for the rest of the year"
this is not the case as based on 5m therms for q3 will be short for q4 without a side track.
A Successful Side track will re remove any concerns re the hedge but until then it is a concern..

"A intraday/Monday RNS to confirm first gas and spud date would be welcome and not unlikely IMO"
Agreed.

as i told BV yesterday i am not HITS...
But given your recent history, it is no surprise you are posting lies.. within 1hr & 20 minutes your opinion changed from the hedge having angus over a barrell to not being an issue for at least 5 or 6 months. Ignoring the actual truth of the hedge issue, it is clear you will state anything to support your statement regardless of it accuracy.. truths and facts are irrelevant to you..

stockbob Posted in: ANGS
Posts: 477 Price: 1.375
RE: 2nd day in a row.....Cabal absent
03 Aug 2022 14:21
"... hedge had ANGS over a barrel ....."

stockbob Posted in: ANGS
Posts: 477 Price: 1.35
RE: 2nd day in a row.....Cabal absent
03 Aug 2022 15:40
" it is interesting to see what they come up with now because all the hedge bs is a non issue for atleast 5-6 months anyway"

Bridgedogg i agree, we should have been given the detail of what was rolled over..
Based on the 5m therms for q3 Rns, that would leave us produceing approx 2.9m therms for the remainder of this quarter if it starts monday.. so assuming the 1.125m for july was just rolled over, then there is still headroom to meet the august and september quantities of the hedge.. again assuming july hedge rolled over, if we are producing by the 22nd of august we could meet the hedge Volume assuming it would be acceptable to provide it within the quarter rather than month by month, but there would be no volume surplus to the hedge if production runs that late..

to be fair HITS, he never said we would make 7.2m for june.. it was could.. they are very careful to use suggestive but non commital language

Stockbob,
"it is a non issue until the hedge comes into play which is q1-q2"
The hedge for q3 2022 is still in play.. the company rolled over some unknown quantity.. we dont know if meeting that is an issue. irrespecitive of Q3, we wont produce enough to meet Q4 2022 hedge from exisitng wells based on Gl predicted 5m therms in Q3 Rns..

Stockbob,
"all the hedge bs is a non issue for atleast 5-6 months anyway"
you really are a moron with that statement!
until last week we had to meet the Q3 hedge and were not producing any gas to meet it with! is that a non issue???
and also at 14:21 you posted this"hedge had ANGS over a barrel....".. that sounds like it may have been an issue!!#

Jollifant Premium Member
RE: RNS - 2nd rig secured
Today 14:27
"Oh 've seen 'em don't worry about that. "

Can confirm.. Jollifant does occassionaly visit the angus board..
great to see this up..

"Sillybuttons, the 'hedge bedwetters' are those that say we cant possibly meet the hedge requirements, or produce any gas, or possibly have any positive outcome....................."

Thanks for the reply.. just seemed an odd & rash statement to make, given lack of knowledge on the details.

Re the hedged quantities, at things stand, we still dont know how much of the hedge is rolled over, so not possible to work out the costs.. and for q4 we do need the side track in place in order to meet the hedged quanities (based on the predicticted 5m/Q3 from RNS). That leaves only 8 weeks to complete & commission the sidetrack so it is ready when needed.. and of course we are still not producing from the existing wells but hopefully that will change by the weekend..
While is obviously ridiculous to say we wont produce any gas or there is no possibly positive outcome, i dont think it is unreasonable to be getting a bit concerned about the hedge and frustrated by the delay in production, and annoyed at the lack of information that is being given to shareholders..

Stockbob,
"sillybuttons you can twist how ever way you want, that was fantastic news for any ANGS holder
hedge had ANGS over a barrel and they are now in a much better position, is it ideal? no but it is much better for business"
i am assuming you posted the above in repsonse to my post under the thread "punt"..
I have twisted nothing.. i merely point out that its not great news as it will cost angus in loss revenue at higher predicted gas prices.. I agree the roll over is better than the alternative scenario, but, in my opinion, that does not make it great news. It was the preferable of 2 bad options due to the companys inability to finish commissioning and start production in time..

Also if there was no cost to the roll over, you would have to assume they would have stated that in the RNS. The fact they stated no "upfront" cost, implies there is a cost to this arrangement down the road.
Whether that cost is purely from selling the gas at the hedge price vs the expected 400p ish price, remains to be confirmed and the cost remains unknown until we are told the volume of gas rolled over and know the price of gas during Q1 and Q2 of 2023.
There is no twisting involved in the above..you may not like it, you can say i am twisting things, but that wont change the facts.

Stockbob,
"Ok so you would rather the company went bankrupt and they renogotiated nothing? got it"
that is clearly no what i said or implied.
Why are you telling me what my opinion is?

BV,
I am not HITS and i have told you before.. repeating that absurdity wont make it true..
and how try a counter arguement rather than insulting for a change..

Stockbob,
not sure you are on the High moral truth ground you think you given the statement below..

"amazing bit of diplomacy and business, they both win at end of the day if the money starts pooring in so makes sense why both parties wanted to change terms"

it is not a win-win. It is costing angus money in lost volume over hedge quantity ( assuming sidetrack successful) to sell at high gas prices than July..
We were provided with no other details other than "no upfront cost" to angus. I think it would be foolish to rule out cost later based on past RNS and carefully chosen words used..
also your ramping, misleading post yesterday re revenue from gas production where you completely ommitted to mention the hedge.

Apologies. that should be Bridgedogg, not Brudgedogg. typo

Brudgedogg,

i am curious how & why, when you didnt know the details of the hedge and posted mis representing them, you felt you were in a position to refer to posters as "the hedge bed-wetters"?

Why?
i means that Angus has less gas above hedge quantity to sell at higher gas prices that currently.
Pushing out the hedge is going to cost the company money..through lost revenue that we know of.
I am guessing quite possibly cost the company through some deal that was done so lenders would faciltiate pushing out our hedge commitments