Member Info for tony_currie

The Telegram group is - ANGS - Angus Energy

Final transaction regarding Mozambique. Looks like SAV in line for Payment from MRG. SAV focusing on Lithium "The Proposed Transaction would complete Savannah's planned withdrawal from Mozambique and enable us to focus 100% on the ongoing licensing and development of the Barroso Lithium Project."

Cash payment of US$0.8 million or in new ordinary shares based on a 20-day volume weighted average price MRG.

Tribit drill ready to go!

https://twitter.com/angusenergyplc

Still meets the daily Hedge total.

Worth Joining as lots of Graphs on Hedge and profits posted on there.

telegram group "ANGS - Angus Energy"

Hedge figures are on Page 49 of the "Angus Energy – Saltfleetby Reserves Valuation Report" (26th Oct 2021). On the Angus website.

Hi Howey, You are not far off. The daily hedge for November is 5.37 mmscfd, to convert this to Therms the formula is (5.37*1000000)/96.7).

So daily in Therms is 55,532.

MPO818 - Here's how the conversion works on a daily basis :
KWH today = 2,027,778
Therms today = 69,190.67 (divide KWH/29.3071)
November Hedge in Therms per day = 55,532.57 (5.37*1000000)/96.7)
TOTAL Therms profit = 13,658.10 (69,190.67-55,532.57)
In Pounds = £40,974 (Todays price £3 a Therm)

Legalwolf - Cora have declared a date for the DFS Q4. Additionally they stated the reason for the delay - to increase resource estimate.

GL stated they thought about 300million Therms of Gas were recoverable at Saltfleetby.

At a lowly £2 a Therm that's an incredible £600 million!

He's done!

Paul Forrest, Director of Forum Energy Services Ltd and Angus Energy plc writes: "Forum Energy Services Ltd had a number of cash commitments to meet this quarter which we have been able to meet by disposing of the stock at a favourable price."

HeadinSand - "Oops I mean 110,000 extra therms. Topside revenue for Oct therefore would be £1.15 million."

Yes, just shows how easy it is to be out by a factor of ten ;-)

Therms over Hedge = 248,501
Price per therm = £2.37
Total = £588,947.63
Hedge paid money to Angus = £890,000
Total £1,478,947.63

HeadinSand here are the last weeks figures - we comfortably beat the Hedge of 1.75 m (see below)

The 2.5 million extra therms is the accumalation for the ENTIRE month!

*Date Therms
23/09/2022 1,971,111
24/09/2022 2,003,333
25/09/2022 1,991,111
26/09/2022 1,561,111
27/09/2022 2,006,667
28/09/2022 2,011,111
29/09/2022 2,100,000
30/09/2022 2,017,778

*Data collected from the Report: NTS Physical Entry End Of Day (NTSEOD)

HeadIntheSand - you seem to question everything that I publish? I have everyday's figures on a spreadsheet and I am waiting until 31st to publish these. So far in October we have beat the Hedge on all but 5 days with a surplus of 2.5 million therms. So worth around £6 million.

If you have better figures let's see them!

Gas production Over the hedge is 2.5 million therms over the month. At a current low price of gas of £2.37 that is a £6 million plus the hedge money (yes, we get paid for that too!)

£6m + £890,000 = £6,890,000

SFB is now producing at a stable flowrate, exceeding the hedge, and making a profit?
in addition to assumed production at brockham, is Angus now making money and profit for the first time in its history? Asked on 2 October 2022
Yes. We are already meeting and exceeding the current hedge profile and already paying down debt. With the sidetrack and 2nd compressor in place around the year end, the full year to September 2023 should show a company debt free and generating great profits for shareholders.

Boom!

Record Therms yesterday - 2006667 System Entry Energy, EOD (kWh)

Third time this month broke 2 Million.

Drop in Flow rate - due to Spud?
Saltfleetby
Sub Terminal
1,561,111 L
0.13650 L

Highest daily Therms value yet!
2,003,333 System Entry Energy, EOD (kWh)