Member Info for tomhuk2000

RT003 Club tomahawk? Was that a reference to my post?

I was replying to WG’s post stating that the RNS “will begin with a P” also referencing lots of Twitter rumour of placings.

You’ll see from my post I was supplying as much evidence to dispel this notion and was not mentioning the p word for the sake of it to subliminally get the concept out there.

I assume there’ll be the promised end of month RNS covering: average flow rates, sales nominations and revenues, alongside target stable flow rates moving forward. Also there’ll be reference to the sidetrack and second compressor timeline.

This last, is what he will need the webinar for, to flesh out detail regarding exact drilling information, timelines and target flow rates.

All looking promising. Those floating rumours of placings are at best clutching at straws. I think that the combination of the initial placing in June 2021 (see RNS) had ringfenced funds for the sidetrack, the gas income hedged and unhedged, the £1m+ from converted warrants, the £150k+ from condensate. Not to mention the £6m raise 3 months ago, will mean the placing isn’t necessary.

https://twitter.com/redditdeluxe/status/1573603323105746944?s=46&t=mAhdgMImdTeb-Tl9q6T-RQ

When we hit 10mmscfd we will be producing approximately 145bpd of Condensate. Which at todays pricing would generate approximately £4,300,000 per year. Not to be sniffed at.

https://twitter.com/share_talk/status/1573236517492908032?s=46&t=C-vFI1uUEN8FlJgg34st1w

Donek

83bpd condensate = £2.4m a year. Not bad

I’m not usually one for filtering on LSE boards but the Angus Energy one is truly exhausting.

I’m not one for ramping or deramping and I’m happy and eager to hear pro’s and con’s regarding my investments as it helps inform my decisions. But when it is ungrounded mudslinging with almost zero rigour in terms of research, often just biased opinion, then I give up.

I used to think that fighting back and defending truth regarding a share was worthwhile so new investors weren’t spooked or lured in and had the best possible info at hand. But now I think if a new investor hasn’t got the motivation or sense to research into a company and ends up believing the idle factless derampers and rainbow chasers, then their investment careers will be short lived.

Angus has had a tough few years but have transformed from a exploration minnow to a full fledged O&G producer. They’re at the start of a highly news rich and prosperous period as we head into one of the darkest winters for consumers in living memory.

Good luck all true holders and goodbye to those who don’t hold but still continually post, thus wasting their lives.

Hi there,

The Sidetrack appears to be fully funded. Quote taken from 3rd June 2021 RNS:

“By making the full £12 million facility available immediately, Angus is able to bring forward plans for the side- track well, which would be fully funded from the facility, and increase production to the plateau rate sooner than expected.”

That was meant to say £6.5million... haha

Hi there DRB

Thanks for the reply. Yes if we had 2 Sidetracks that would reduce the life of the field to 5 years. By my reckoning that would be about 4,500,000 therms per month, so a huge income. At the forward pricing average of £3.50 per therm that's over £15m per month (Minus hedge) for just the gas.

I believe the condensate to be very significant. At 3.5mmscf the plant produced 50bpd which at current prices would equate to near £1.5m per year. If we take your 2 well, 2 compressor, 2 sidetrack scenario of 15mmscf then that jumps to 215bpd which would earn us nearly £6.5 per year. It's not grundbreaking but certainly significant.

Hello Mirasol, We haven't met.

If you listen to the interview the targets for all 3 oil fields are 100-200bpd. This isn't an insignifcant amount. It will indeed need some Capex to make the most of each of them, but it will only be spent if the results will be of a significantly accretive value. Also, our revenue will be substantial enough by then to avoid unnecessary placings, save for any larger more accretive acquisitions for which we have two new highly experience O&G executives on our board to insure these purchases are of the highest standard and value.

DRB has done his research and is offering some numbers and facts to support his claims. He is invested and looks to make a decent profit from Angus and that is why he is here.

What, may I ask, is the point of you?

DRB83,

I am all for realistic and conservative estimates, but GL stated that the field has a life of 9 -12 years and even with the ambitous target for increased flow at 3m therms per month, this is still upwards of 7 years based on the CPR reserves.

What also needs to be factored into your valuation are the other assets, Brockham, Lidesy, Balcombe, the Geothermal etc.
Let alone the huge value that could be assigned for the the 1bn+ cubic meters of Gas/Co2/Hydrogen that our storage facility asset can potentially achieve.

One last thing is the nature of the AIM markets. As we all know, this particular market doesn't assign value to a stock in a logical and financially grounded way. A lot of the time it is almost purely sentiment and interest driven. With the right prevailing wind of media attention and market hype we could see very much inflated prices that way surpass realistic PE/MCAP assessment.

Either way, I am, like you, confident we will see 4-6p in the coming months, driven by RNS's covering the 2nd compressor, nomination figures and the Sidetrack. Beyond that and an energy crisis disaster of a winter with high gas prices I can't see this price going down at all.

Good luck all

Hi there,

Flow rate data is in and it’s another consecutive increase in flow rate to take us well above 5mmscft/d

it appears that the flow rates are stable, and are increasing with little or no trips/outages.

Well done George

Firstly BF he didn’t do a FT interview, it was with LSE and the other with Zak Mir’s Sharetalk.

If you listen you will hear that mid October has been targeted for sidetrack mobilisation and has a 40 day turnaround time.

The 2nd compressor has been documented in the RNS as going online at the end of this month.

They are planning on having both functioning by Christmas.

The “Q1 2023” you are quoting was mentioned in reference to the company being able to be debt free as they’ll be a “cash machine” to quote GL.

With regards to trouble with increasing flow rates, GL states shutdowns are reducing and down to only 30 mins per outage. You’ll also note the flow rates have increased to over 5mmscft over the weekend.

I think you’ll find that it’s all there in the interview

Firstly I doubt a buyout will happen due to the BOD’s commitment to realising the company’s true value.

However, what sets ANGS apart is it’s gas storage facility which adds a whole new very unique value to the company, let alone the additional income from condensate and Brockham oil. And let’s not forget the other assets as yet unrealised.

Purely on the BOD’s disinterest in selling one would have to think that if a buyout were to occur it would have to be at a very attractive price

New Sharetalk interview video to be released on Tuesday:

https://twitter.com/share_talk/status/1571449126252085255?s=46&t=ejSFaIwahHkz2iJ3XfOZxg

https://twitter.com/redditdeluxe/status/1571417705630015494?s=46&t=Dt8JWSQaL3BXXET_gquTvQ

Great interview from ZaksTradersCafe & Share_Talk with George

- Stable flow rates exceeding September and Q4 hedge at over 5.2mmscfd when stable with trip issues fading out and getting sorted
- Sidetrack set for mid Oct spud
- Growth focussed M&A activity, not selling but looking to buy and expand
- Bulk of warrants churned, the rest owned by their big investors so in sticky hands
- Vastly undervalued at £50m, valuation = multiples of this (need to run the numbers)
- Looking to bring in the fields southern lobe = more production

RNS Update at the end of the month on sales nomination figures and 2nd compressor

Well done!

On Revenue, let’s be clear:

- Angus have stated they have already commenced with Gas nominations. The hedged gas earning them 43p/therm and anything excess (not much at this stage if anything) @ £3.50 to £4.60 per therm.
- We also sell 50bpd+ condensate @ £1.25m-£1.5m pa, this will increase in proportion to flow rate.
- We had 400 barrels of Brockham oil stored to sell in March as per the RNS & continue to flow 50bpd+ (Angus have stated they have been working to up that figure)
- Recent Converted warrants = £1m+ in income

Aside from recent revenue there should also be money left over from the last placing to help with operational expenses, Sidetrack and additional compressors.

Hope that clarifies things

Hi LSE

Do we have a date and time for said interview?

Many thanks for organising it btw