Member Info for SillyButtons

Gideons,
Other posters will hold Yanis in higher regard than you.

Stockbob,

As I said below short term angus are in a very good position. my point was this is not the management master stroke Gideons think it is and based on past performance i would place a large amount of faith in management over the long term

Slightly disagree re the green energy many years before economic sense, because I think that will be death by a thousand cuts to the O&G industry rather than a landslide change.. even today I would imagine that given current fuel prices, EV's have to be looking more economical from a new car purchase point of view, which in turn will reduce their capital cost a manufacturing ramps up and make them more accessible to the less affluent through the second hand market..
it will also reduce the term to break even for installations like domestic PV which may increase uptake and encourage micro generation. I am thinking globally rather than UK.. anyway this is not relevant to angus.. apologies

Gideons,
Firstly thank you for your well reasoned and articulate reply that provided a great alternative view to the points I made..
Secondly I really think you need to drop the "fossil fuel hating" line considering you drive a EV.. its irony at best..
Thirdly, i see no value in positivity or negativity in relation to investments, i try to keep it factual and objective..
I think there is potentially money to be made here in the short term and who knows what the future holds, maybe lighting will strike twice but based on past performance i would place a large amount of faith in management over the long term.. they could well prove me wrong..

Gideons,

I'm here because i bought in many years ago expect the British government to make a big push on domestic production and energy security on the back of brexit.. I went well into the red and averaged down in hope that i could eventually get out at breakeven.. now I am hopeful (possibly naively) I could even turn a few pound if the side track goes well..

It turned out to be a great deal. Unimaginably better than he what he thought when he signed up to it. the optimistic initial projection was £36 million over 12 years. they could achieve that in 1 year alone assuming 1.5m therms from the side track and average gas price of 200p .. which is my point..

This hyper inflation in prices wont last.. it changes the economics which will bring previously uneconomical production into play creating more supply reducing the price.. The current major producing countries are generally heavily reliant on O&G as part of their economies and while they will take the cream in the short term, they will realise sustained high prices will change the economics and speed up the transition to renewable, green and alternative fuel sources which is bad for business in the long term.. the value of O&G is heavily correlated to the worlds dependence on it..

We have hedged our production at probably peak prices (from a macro view point) but i don't see what management has done that would give me great confidence in growing the company Long term against the backdrop of reducing prices.... I know from your, quite frankly worrying, posts from a few weeks back of your undying love of GL (which probably made some home security company a good few £) but this isn't the genius strategic management deal you seem to think it was.. just pure luck gas has gone turn the roof and given SFB the potential it has now.

Gideons,
you are also assuming that SFB was a master stroke on the part of GL. Unless he predicted Covid & the Current war, there is no way he could have predicted the current hyper inflation in gas prices, without which this would not been the potential game changer & money maker it is.. If Gas prices were approx. the 2019 rates no one one would be predicting the big SP re rate figures being mentioned here.. Angus could potentially earn more in 1 year at present than they had anticipated earning over 10 years as per the SFB presentation, solely based on the price hyper inflation gas prices..

This matters not, if your only here for a trade like you are, but if someone was thinking more long term (i.e after SFB gets going), then this is not a result of great or competent management.. this is a result of serendipitous luck which is unlikely to be repeated.. on a macro level gas prices will in all likelihood return back towards the 2019 rates in the medium term, production is constrained by the equipment and approx 50% of it is being sold for a song (compared to current market price) with the hedge agreement..

Hi New2shares1,

judging by the number of your posting history I am guessing you are new..

I would not get too worried over what I posted.. it is historical and the actual statements are largely irrelevant now..
All true and verifiable on the RNS from 27th Jan, 10th March and Angus website under media investors Questions if you wish to check

The point I was making (and building on Mirasol's) was base on history, deadlines and statements etc should been taken with a pinch of salt.. there is common use of non committal words that allow allow great sounding statements to be made BUT cover them if they turn out not to be true and allow gideons and co twist and ramp the share..

for example.. Gideons spent the month of February accusing everyone who saw the twitter photos of the site and told them no gas in Q1, of being a Russian sponsored swampy, green XR member and of talking green hogwash etc. kept repeating & ramping Gas in Q1 because GL said gas in Q1.. they ignored the statement of slipping into April.

I also posted it as I knew it would annoy Gideons (and his other account Sparrowhawk1) who would argue black was white if GL told him it was..

for the record, my stance is Pro Angus and anti gideons.. even though Gideon has been down as a greenie..

Best of luck with your investment..

Mirasol,

Do you mean like there 27th January RNS where "The Company continues to hold and encourage suppliers and contractors to work to a First Gas date in Q1, but will advise further on this date when able so to do, and does not presently anticipate any delay to shift more than 20-30 days into April."

Or the the great revenue £7.5 million revenue statement which subsequently got reduced to £4.5million for June in an answer on Investors Questions when a more realistic price for Gas (at the time 300p) was used....Of which Angs get 51% and is only applicable if production for the whole June which is unhedged.

Gideons,
Very ironic you giving out about oktanes "flipping" given your recent Disney story of selling up here to invest and make 60% in ukog in 2 days and reinvest it here.
Almost as ludicrous as your anti green, pro fossil fuel stance as you drive around in your EV and continue your your vigilanty keyboard warrior campaign to denounce all non insanely postive posts as green hogwash..

Did XR drop you for being to much of a lunatic by any chance?

Dyamfoolman,
"Don't think there was any need for him to be a drama queen about selling up and blaming other forum users!"

Of course there was no need but they needed a reason.... Their account is exactly 3 months old and the majority of their posting history is ramping this share to the high heavens and attacking anyone who dared question anything.. this share was going to be 2p, 5p, 10p , 20p, they were recently going to reevaluate their "low" selling point..

it would be very hypocritical to sell out now and it would seem, despite their statements to the contrary, that they dont have absolute faith in GL & the board.. Much easier to sell out on a matter of principal because one of the respected posters to the board "upset" them by not being super positive

Goodbye Gideon's.. this board will be the better for your absence.. if you could bring sparrowhawk1 & your other alias with you, that would be great!

Thank you Ocelot..

Thank you Ocelot,
I had read that previously which was why I was unsure.
So the assumptions are :
- the recent figure used for 1.5m therms monthly production is just for round numbers and easy sums
- the expectation is the hedge is covered by the existing wells.
- the SFB presentation economics slide was very conservative with its production expectations for feasibility

Again, thank you Ocelot

Jollifant/ Yanis,

I am posting the below again, as I am trying to understand what the expected pressures are and if the side track is critical to meet the hedge.. it may have got buried under the back & forth with Gideons..

Jollifant,
I understand that ultimately this remains speculation until well pressure is proven.

and Apologies but I do not understand what you mean by possible higher figure based on logistics? could you elaborate please? to me, your minimum expectation is what you would base your calculations on?

Also from the economic slide in the investor presentation from 2019, the optimistic production volume is 180m therms over 12 years equating to monthly production of 1.25m therms ( please correct my maths if I am mistaken) .. this scenario has now changed to conservative to 1.75m therms monthly production.. and to my knowledge, there has been no knew data to justify the revised increased production expectation.

and I understand that the feasibility economics would be very conservative to ensure viability and ROI but 40% increase in monthly production and the changing of view that the lower expected production level was optimistic while the higher expected production value is now conservative, does not make sense to me

Gideons,

I have only one account (unlike you), which I have previously told you.. I do not know how to make that statement any clearer or simpler so you might understand it..

Speaking positively would not put off buyers. But a positive fanatical moron who shuts down debate by accusing anyone they disagree with by accusing the poster as some variation of a Russian financed swampy, tree huger, green hogwash etc.. probably would put off potential buyers, assuming this board influences them in the first place..

But please tell us more about your dislike of cancel culture Mr Multiple Accounts & Green Hogwash!

Apologies Gideons,

It is just you have so many posts i wanted you to know which one i was replying to.. for context..

Gideons
Today 15:04
Posts: 2,591
Price: 1.30
No Opinion
Ha Ha BV.
Same ear phones same phone different SIM cards .
But they all share the same common denominator......Same Green HOGWASH !"

Please tell us more about your dislike of cancel culture Mr Multiple Accounts & Green Hogwash!

SparrowHawk1
Posts: 214
Price: 1.30
No Opinion

RE: Last chance?
Silly B... You've been sussed. :@)

I guessing you meant to post the above under Gideons account?

SparrowHawk1
Posts: 214
Price: 1.30
No Opinion
RE: Last chance?
Silly Buttons is replying to BV as though she is Mirasol :))))
Ohpps! Forgot which account you are using?"

No Gideons/ Sparrowhawk1, I only have one account.. Forgetting which account you are using is not a problem we share!
but you never let the truth influence your postings before so i don't see why this time would be any different..

BV,
I wouldn't recommend it as part of a human diet anyway, bit acidic and grassy!!.. critical part of winter feed for cattle though.

Urraca,

that gave me a chuckle and was well written.. thanks!

BV,
Are you aware of what silage is?
"Talking silage" does not make any sense as an insult or otherwise..