Member Info for tony_currie

Earnings from sidetrack ...

at 5mmscf/d = around £5million a month
at7mmscf/d = around £6.5 million a month

*based on £1 /therm

Thought I'd make you all aware of Angus energy latest. Saturday night at 21:20 they answered some investor questions on the Web site declaring there will be a RNS Monday morning giving the gas flow rates from a brand new well just drilled and cleaned. Get in early.

All I'm invested here and Savannah resources but just thought I'd make you all aware of Angus energy latest. Saturday night at 21:20 they answered some investor questions on the Web site declaring there will be a RNS Monday morning giving the gas flow rates from a brand new well just drilled and cleaned. Get in early.

Push2 - from the Twitter pictures from Thursday of the Coil tubing going into the hole and the N2 tanks attached is it safe to assume we are now doing the 48 hour acid soak?

Push2 can you help answer? Now we are nearing gas flow from the sidetrack and banking on an excellent flow rate -

What is the maximum through put of the second compressor?
What would be a reasonable through put without pushing it too hard?

Have they resigned to the inevitable. The ^UDCB suggests "We fear that it will have no other purpose than to validate the project, and the environmental license, which is predicted to be catastrophic for the environment and in default of the will of the population,”

*UDCB - United in Defence of Covas do Barroso association

Last of the Parish council objections extinguished! Surely clears the way now for EIA approval.

The maths is easy successful when side track doubles production £5 million a month (£60m a year). PE 5x £60m = £300m. That's 6 times current share price. Deduct debt -£22m.

9p by year end. Potential dividend. Do not sell cheaply!

Sorry about the ***** just look up research-tree.com and search Savannah Resources

Very upbeat especially after the EU’s Critical Raw Materials Act.

https://*********************/media/savannah-resources-plc-barroso-lithium-project-eia-submission-17-03-2023

If approval of EIA I predict a spike to 10p

For those new to the board it's worth discussing the upside of SAV, especially as the European Battery Alliance look like backing SAV.

27Mt containing 285,900t of Li2O at an average grade of 1.06% Li2O (707,000t lithium carbonate equivalent). This is mainly open cast extraction. 30 year mine licence. EIA approval pending.

At current prices 707,000 x $60,000 = $42 billion.

Looks like Submitted yesterday

From and including: Wednesday, 15 March 2023
To, but not including Wednesday, 31 May 2023
Excluding Weekends and public holidays
in United Kingdom – Nationwide. Change Country / Change Constituent Country

Result: 51 days
77 calendar days – 26 days skipped:
Excluded 11 Saturdays
Excluded 11 Sundays
Excluded 4 holidays:
Good Friday (Friday, 7 April 2023)
Early May Bank Holiday (Monday, 1 May 2023)
Bank Holiday for the Coronation of King Charles III (Monday, 8 May 2023)
Spring Bank Holiday (Monday, 29 May 2023)

Push2 - what does it all mean?

Angus Energy Plc
@angusenergyplc
·
1h
1. The production (Christmas) tree ready for installation.
2. The double rams from the BOP stack - ready for backloading.
3. Taking equipment from the rig floor.
4. Christmas tree in position.

Likely after hours RNS stating submission of EIA. Then fixed time count down to decision.

Good news - this will all go to building the mine - opencast, lots of gold

RNS - fund raise completed, as easy as pie.

The important bit - expected revenue looking good.

The CPR, performed by Oilfield International Limited, gives the net present value of the cash flows from the Saltfleetby Gas Field, including the impact from the revised capex, the loan facility debt service costs, the associated royalties and the mandatory hedging. Oilfield International Limited has used a conservative discount rate of 10%. Presenting 100% of the field values:



· A conservative case, or P90, NPV10 of £63.3 million (Pre-Tax)

· A mid-case, or P50, NPV10 of £95.6 million (Pre-Tax)



Alternatively expressed as estimates of net future cashflows, but without discounting, can be summarised as follows:



· A conservative or P90 sum of future cashflows to Angus of £82 million (Pre-Tax)

· A mid-case, or P50, sum of future cashflows to Angus of £147.7 million (Pre-Tax)



In summary the CPR estimates production giving rise to gross field revenues, before costs etc. on a mid-case basis of £230 million (previously £141 million). This approximates to a gas price of 64p/therm being a mix of the actual volumes already hedged at 43p/therm and the remaining unhedged volumes accorded prices derived from the quoted and traded NBP forward curve to December 2026 and thereafter escalated by 1.5% per annum. The gross volume of reported Gas Reserves is unchanged.

Definitely some knowledge of what's happening at the European Battery Metals conference - they are set to announce who they are backing in the next few days.

For those new to the board it's worth discussing the upside of SAV, especially as the European Battery Alliance look like backing SAV.

27Mt containing 285,900t of Li2O at an average grade of 1.06% Li2O (707,000t lithium carbonate equivalent). This is mainly open cast extraction. 30 year mine licence. EIA approval pending.

At current prices 707,000 x $60,000 = $42 billion.

Important part of speech.

"also in the crucial area of critical raw materials we are in advanced discussions with regard to specific raw material projects, we hope to give further announcements in the near time"