Member Info for tony_currie

Gallder - you are correct please accept my apology.

Therm over Hedge = 318,448.88
Price per therm = £2.50
Total over Hedge = £796,122.20
Hedge paid money £890,000
TOTAL = £1,686,122.20

Boom.boom based on double November producition ( easily achieved with successful side track)

Therm over Hedge = 2,302,875.01
Price per therm = £2.50
Total over Hedge = £5,757,187.52
Hedge paid money £890,000
TOTAL = £6,647,187.52

BTW mikee_p These figures are not guess work, they are based on the ACTUAL therms generated and reported for November. The only variable is the price per Therm.

Donek - the revenue for November was more like £2 million and this excludes Oil and waste.

Therm over Hedge = 609,657.41
Price per therm = £2.50
Total over Hedge = £1,524,143.53
Hedge paid money £890,000
TOTAL = £2,414,143.53

"The Gap between supply and demand of all these raw materials is increasing, it's a real mixed story it's almost illogical what's happened!"

Portugal pull your finger out!

After knocking the Hedge out of the park lower Therms per day required this month.

For December 1st

Hedge MMSCFD Convert KwH to Therms (actual) Therms Beating Hedge
53,671.15........... 61,039.44...................................... 7,368.29

After knocking the Hedge out of the park lower Therms per day required this month.

For December 1st

Hedge MMSCFD Convert KwH to Therms (actual) Therms Beating Hedge
53,671.15 61,039.44 7,368.29

Therm over Hedge = 609,657.41
Price per therm = £2.50
Total over Hedge = £1,524,143.53
Hedge paid money £890,000
TOTAL = £2,414,143.53

Sorry Correction MCap £54m

If we hit the predicted 12 MMSCFD that gives us 6 MMSCFD clear of the Hedge.

6 MMSCFD gives around 70,000 Therms per day
30 day month gives aroun 2 million Therms at £2.50

Total Revenue per month £5 million a month. £13m MCap cheap as chips!

Thanks PUSH2 for the excellent updates. Could I ask a couple of questions:

1) What's your reading of the chances of the Sidetrack success (percentage)?
2) How heavily are you invested here?

Mkcap of £13m - DFS Gold in ground 400,000 oz (worth £500,000,000)

Is there some mistake here?

These are great news RNS's lots of information to absorb. The DFS shows the mine is super viable and the Optimisation project shows fantastic returns very quickly.

? 52.3% internal rate of return ('IRR')

? 1.2 year payback period

? US$71.8m first full year free cash flow ('FCF')

? US$234m FCF over life of mine ('LOM')

? US$997/oz all-in sustaining costs ('AISC')

? 6.8 years Reserve mine life

? 56,000oz pa average production

? US$90m pre-production capital (including mining pre-production & contingencies)

"Investment firm Lionhead has confirmed to the Company its continued support to fund the future development of Sanankoro. The Company and Lionhead are in constructive discussions in respect of the arrangement for a funding package of up to US$30 million. Furthermore, we have started discussions with a number of potential lenders to support the Lionhead term sheet to fully fund the Project. The Company anticipates providing further updates on these fundings in due course."

Not far to go "vertical to a total depth of around 2,560m"

Then 300-400m horizontal.

Not far to go "vertical to a total depth of around 2,560m"

Then 300-400m horizontal.

Looks like we are at this stage "drilling will be nearly horizontal and slower for a further 300-400 m"

He believes China can force Russia to the table.

https://www.theguardian.com/world/2022/nov/16/emmanuel-macron-visit-xi-jinping-ukraine-china-mediating-role

If I knew that I'd be a millionare ;-)

But I get a fair return by sticking to the old sage adage "If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes."

Yes, only three days this month where we have dipped below the Hedge. consistently getting 13,000 per day above the hedge (avg. price per Therm £2.70 - £3)

Additionally, it is significant is that Angus are gradually increasing the Therms generated from the System Entry Volume, EOD (mscm).

PBoo - This is Correct. The RNS stated 2,560m would take the drill 1 Meter into the gas resevoir.

Another 860m to go (total depth of around 2,560m)

Angus Energy Plc
@angusenergyplc
·
21m
Continuing to drill at 1700m #ANGS