Member Info for Silverlight

nearly there .. !

1. Well B2 air gap
2. Well B2 reconnected to system
3. Methanol tanks being prepared for first gas delivery since 2017

good post.

"The amount of time spent by this group on the share boards, given they freely admit that they are not shareholders, is surprising and we can only presume that they are either professional share board (de)rampers or retirees."

I'd add to that the possibility that they bought in at multiples of the current SP, sold below a penny and can't see a way back for themselves as have little or no funds to buy now, hence harping back to the past continually as they don't want to think the company might now be going places and they cant be at part of the future at these prices. Still, even if this is the case, buying or selling at the wrong time happens to the best of us, but take it on the chin and find other pursuits outside of this now crazy obsession.

"For the life of me, I cannot understand why people don't stick to facts"

for the life of me I cannot understand why you post when you have admitted you sold at a loss. You have never answered this question other than suggesting some interest? I get people can be interested in the fortunes of a company but to literally be on here day and night with no shares trying to rubbish every positive statement is just odd. Can I ask what your other hobbies include? (although you are in the minor league compared to M).

As for M - nailed on she bought many times higher than this, doesn't have any cash left to play with and can't sleep at night knowing other managed to buy at 1p or lower and are in good profit already. I hope this persistent rubbishing gives her some comfort but ultimately it won't work in bringing down a company going from strength to strength over the coming weeks and months ahead.

end of the day, not long now until we are a gas producing UK business with a large mc and in the shop window for a buyout. that me for the day, have a good one! SL

exactly!

Stop forcing me to post, we are using completely different gas prices, the consensus is double your price no way it will be 1.65 for the 3 years ahead , I actually think it goes to 5s/6s on average over the period. ps opex will be tiny! sidetracked will be online in August then it really is double figure pence SP.

no probs. oh s&hit I've just posted again. ha. Over and out for a while, enjoy yours!

im trying to escape here but ill answer this last question! 500K a month therm to angs after hedge (5m -3.5 hedge a quarter). 500k therm x 2 quid a therm 1m. Ok some opex but its likely the average therm price will be much higher during winter so call it 3 for the year on average (thats low many think 5 or 6) - 18m income, say 6m costs - 12m/PA - 1m month. (before side-track) - THIS IS DEFO ON LOW SIDE THOUGH. right im off! SL

it is basic maths see my post below. 3p on side track haha. Your defo a trader bud (nothing wrong with that by the way so no offence), but you do swing from ramper to deramper all the time which I assume is based on whether in or out, hard to work out. If its work a lot as a sale, its worth a lot to run as a going concern, otherwise no one would buy it! I would like sale though, cleaner. catch you soon. SL

still tiny If gas prices averaged say only 3 quid a therm for the next 3 years and we have 1/2 mil outside of hedge a month as the RNS states thats 6mx3 or 18m a year. Take off say 6m for ops costs which is probably high you are still left with 12m a year ebit. on a baseline PE of 8 thats your 100m mc purely on current production alone, add in some profit from the hedged amount, your talking 4-5p plus on current production - ie next month. This isn't pie in the sky its where the SP should / will be valuing the company on actual profit. Add in 18m therm a year on a successful sidetrack at even 2 quid a therm you are looking at angs making 50m+ a year profit from SFB (And after the 3 years its all unhedged so what would a potential take-over look like!!). Again on a PE of 8 thats 400m MC or 12-14p. without the addition of gas storage, oil production, new acquisitions etc... RIGHT I CANT LISTEN TO THE NAYSAYERS ANY LONGER ILL BID YOU GOODBYE FOR A WHILE .. BUY.HOLD. SL

It is actually more than that, fully diluted its around 26-27m

hmm the consensus is gas prices will go mental this winter so id treble that. basically on any calcs (even yours!!) we are many many times undervalued. add gas storage add side track, your looking way way over 10p a share here over the next few months and the promise of a huge divided. just buy some back, bite the bullet!

bring on the large dividends!

yep a safe and growing stock now in an overall crap market. not many about

it will take a while to figure out some nonsense but its coming ...

eh no, how can it be thats 12-18m a year to angs basically our mc!! give it time, line under it now and production close. then sidetrack, crazy spikes done last, slow and steady, chill. SL

Value buyers will be all over this when news filters out. Even at 1m profit a month to us which this suggests with the hedge at 8-10 PE we are 100m Mc or 4p+ double up on sidetrack. Hold hold hold

They haven't it clearly says 'sales' also matters not as we are producing over the hedge so they will get there gas with plenty left over for us at 2 quid a therm!

and expected output each quarter without hedge is 5m therm so actually over the 1.5 per month, more like 1.65m therm. result!! only one way this is going now ... SL

taking time to think one up it seems...

12m a year without sidetrack lovely!! hits you were wrong all along, sorry my good man. apology accepted.