Member Info for tony_currie

Can't even buy 50,000 at HL - will happily take 500,000 though!

Satyajit well respected chartist. Already predicted a double in share price about a month ago.

Now top end could see Angus at .37p

https://www.youtube.com/watch?v=bLUY8Xwc0uc&ab_channel=SATYAJITDASGUPTA

Worth noting the share price has climbed 70% in the last 5 working days.

This is likely to do the same again when the news story comes out that Angus Energy is the first new onshore Gas producing company in decades.

George Lucan, Managing Director of Angus Energy question where does he see the company in 12-18 months (from malcysblog)

Answers by George:
1. A significantly larger company.
2. Definitely a huge cash generator.
3. A company with a defined dividend payout policy, one at the higher end of the normal range.

https://www.malcysblog.com/2022/05/core-finance-managing-director-interview-george-lucan-angus-energy/ 21:40 minutes in

"Although the last few weeks have been somehow jittery for shareholders it seems that Angus are now very close to first gas, if indeed that has not already happened. Management deserve credit for sticking with it and Angus now have a fantastic UK onshore gas field with all the kudos that brings, not to mention a market place gagging for its product. "

https://www.malcysblog.com/2022/08/oil-price-petrotal-iog-zephyr-angus-hunting-eco-and-finally/

More of this to come once connected to grid

MM's keep dropping to collect shares

1) when Gas to grid 2p
2) Second well 3p
3) Sidetrack 5p
4) 1 year 20p

Hold on for the ride!

Europe just got to love how slow they are to respond to anything.

Are we better out of EU time will tell, here all we can do is wait and remember over £1 billion in the ground - "one day Rodney!"

For clarity this is the very last step before sales to the grid!

The JT lowers the BTU (British Thermal Unit) of the gas stream to sales contract specifications. When you treat your fuel gas with a JT skid system, you get dry, lean fuel. This helps properly remove any moisture and solid particles from your fuel before feeding to the grid.

Earlier this week we were promised an update. Lunch time?

"We do expect further positive updates this week"

News not likely but correct trading range is 4p to 5p. On the big news on EIA we should see 10p.

Should have a "hold your nerve" option on here! Angus have been honest about the delay just over optimistic. From the website -

"There have been specific issues around equipment but essentially the Company underestimated the installation hurdles arising from a sophisticated and all embracing computer control system and the sheer volume of testing, inspection and certification involved in dealing in very high pressure gas in the UK onshore.

We note that we are the only onshore combined extraction and gas processing facility connected to the transmission system to have been constructed in decades and we had few parallels to follow outside of the refineries themselves."

It's also becoming clear that the share price will go back to it's 6 month trading range of > 4p after the minor dip recently.

Just need a David Archer replacement and EIA approval and it will fly.

TOKYO, Aug 8 (Reuters) - Japan intends to keep a stake in the Sakhalin-1 oil and gas project in Russia, industry minister Koichi Hagiuda said on Monday, after Russia temporarily banned Western investors from selling shares in key energy projects.

https://www.reuters.com/business/energy/japan-intends-keep-stake-sakhalin-1-oil-project-industry-minister-2022-08-08/

Christian stated at the AGM that no news will come in August. So exoected drift down happening. Nothing changes for LH.

Still incredible value. Well over £1 billion's worth of Lithium in the ground.

EIA approval (now on a timetable) will be a game changer.

Should get a Friday update tomorrow as per the last few weeks. Is it the one where GL tells us we are delivering gas to the grid?

On Web site, some revealing answers. The answers are stating this is complicated but we have moved the hedge and the gas pressure is high.

"We note that we are the only onshore combined extraction and gas processing facility connected to the transmission system to have been constructed in decades and we had few parallels to follow outside of the refineries themselves."

"We are definitely more confident about the economics of the field. The forward curve is now considerably higher than at any time before in the history of prices at the balancing point. We have also been fortunate in that we have been able to roll a portion of the hedge into future periods that enjoy even higher forward prices – this is not possible to do without incurring large upfront costs when forward prices are lower than front month prices. Meeting hedge obligations had been a great concern of investors."

"The hedged volumes were lower in the first quarter but as advised we have a rolled a portion to give us leeway in the even that commissioning is more protracted. We have been fortunate enough to be able to roll hedged volumes into forward months with much higher prices without incurring upfront cost. This is not normally possible to do as generally speaking forward months are lower than front end months. So large is the difference at the present that this has been simple to trade."

GavinM has been a bit hit and miss with the RNS predictions - Are you guessing or do you know?

Important bit. Will we sell once EIA approval is gained?

Offtake negotiations
•Savannah has experienced a significant increase in offtake inquiries during this period
•Inquiries received from established and new market entrants, positioned along the
battery value chain
•Inquiries received from European and non-European groups
•Savannah’s preference is to do business with groups committed to developing the
lithium value chain in Portugal and Europe
•Discussions ongoing

Yes, real opportunity this morning, topped up another 200,000 this morning - absolute steal.