Member Info for WG818

Comedy gold link Donk.

Putting a valuation on Saltfleetby like that.

Only

1/Angus don’t own the site they lease it.

2/Their license for the extraction of hydrocarbons runs out in 2027.

3/ They don’t have permission for storage.

4/ The Canadian storage facility was connected to 3 major pipelines! The cost to connect Saltfleetby was put at more than £200 million 15 years ago!

I see the “pro trader” also removed the embarrassing comment about it being close to Lindsay process facility!

Rob bot……I can only come to the conclusion you’re a bot as even the most dimwited human wouldn’t be repeating the same wrong assumptions and down right lies time and time again!

Well done Angus they today full filled the hedge! That highly impressive £550k!! (See the CPR page 49) remarkably easy to work out the remaining 13 days at 100k therms at 62 p a therm which it is now!

That’s £806k that’s less than £1.5 million for the month including your fictional 160 barrels of condensate! Times that by 3 and they are £1.5 million below the 3 month Bridge loan!!

When I mentioned above I obviously didn’t mean Donks timely link…….but it’s quite a good example!

But the Devil is in the details BP.

I possibly take more notice of the details than yourself ? Like the fact that you obviously haven’t filtered me,or the other amusing point that you’re now agreeing with what you got very upset with me for pointing out previously!

Wasred15.

I would point you to the media section above. Watch any of the interviews given, on pretty much anything said and you can draw your own conclusions.

Dave.

The company has given details of drilling a new well and putting planning permission in for additional plant. That’s the latest in a long list of plans, however this new plan looks to be that of Richard Herbert the new CEO, not Lord Melton Mowbray who was was difficult to believe (see any interview given).

That will of course cost several god knows how many millions more . The upgrade to the plant cost circa £20 million and the sidetrack £10 million.( As we know drilling into this geology isn’t as straightforward as we were led to believe by his Lordship!)

BP, rundown seems reasonable but the Devils is in the detail. The 3rd April CPR gives a wellhead pressure of gently falling to 30 barg (not 33as BP suggested) that had dropped 3 barg in 3 months. As you will be aware it’s often that that’s missing in an RNS that requires attention and the last quarter’s production RNS didn’t contain the wellhead pressure so we don’t know if it dropped further. In the same April quarterly production RNS it points you the the P90 target being just shy of 10Mmscfd.

BP is also out considerably on his compressor figure. Both compressors are rated to 5 mmscf , so 10 total. As I pointed out yesterday RH stated that the plant was running it its design capacity! Not sure where BP gets his 14 mmscf or Lord Melton Mowbray for that matter buth the site was designed to cope with other 10!!

It sounds like you have read the CPR perhaps have a read of page 45 and 46 again. This gives you costs for the planned for booster program starting next year under P90 conditions £750k and the drop of rates expected even with the remedial works.

Thanks basil!! ….Very good.

I think it’s more to cover LSE as they have a report button for libellous posts.

Donk and his gang have been claiming myself and HITS are Ruth Hayhurst the editor of roll or drop an independent and unbiased on line publication. By attributing statements such as predicting negative gas prices an out and out lie as well as half a dozen other lies told it could put LSE in a difficult position if Mrs Hayhurst decided to take action!

So I’m hearing on the radio this morning that people are actually talking to AI chat bots. (The terrorist who thought he was talking to his supposed girlfriend who was actually a AI chat bot)

Just checking that the 2 previous posts aren’t from a computer somewhere as Rob, all three on list are untrue…..also known as a lie, or porkie! And Donk I answered your question yesterday, and as I have told you on multiple previous occasions I never predicted negative gas prices!……so also a lie! As is your liable allegation that I’m Ruth Hayhurst!

Morning Rob.

See you’re still posting porkies. Just a heads up Uk natural gas down again 6% this morning. Down into the 50,s a therm range…..ouch!

7 recommendations for a post riddled with truly amazing schoolboy errors?

The loan is over 18 months Mysteron not 10 years. Its £19 million in pounds converted from $25 million and the interest Per annum fixed for the 18 months is £4.3 million over the 18 months.

The sharp eyed will have spotted the fact the RH the CEO told us the plant was producing At design CAPACITY. So no extra funds coming in from extra production.

Production will reduce on both P90 and P50 forecasts, the more revenue you speak of will require multi millions to achieve from organic or non organic sources.

With gas prices at the present level they won’t be able too pay the loan back in 18 months with OPEX and CAPEX, several million each on Brockham, Lidsey and more in Balcombes case, geothermal is multiples of that!

And don’t forget that 8% that Mercuria will be expecting on all Saltfleetby production (Gross).

The RNS only really confirmed (hopefully if they sign in the next 2 days) that they weren’t going to default on the £3.5 million owed on the 20th. Other than that it just confirmed that they have borrowed £6 million at 20% to pay a previous loan of £3 million @20% that they borrowed to pay a loan they took @ 16.5%. Only they have reduced the term by 6 months, but didn’t really because it’s extendable for a further 18 months which of course they will require!

Weren’t the Mysterons the bad guys?

Donk

The figures come from reading all the freely available information available. You should try reading it! Start with Saltfleetby Energy Ltd published accounts available from companies house website. They are quite illuminating, ditto Angus Energy Weald basin 1,2 and 3. The CPR gives some pointers also!

Back in the corner boy!!

Rob.

I should take the hat with the D written on it off,and turn around from your seat in the corner then!

You may see things as they actually are!

Apologies.

That should read P90 looking most likely.

Oofy

Correct in every detail.

Mercuria aren’t going to give that 8%. GROSS (yes GROSS robday) royalty as you call it, up without a huge penalty? And as you say it may well be in their favour to pass the loan on and keep the 8%.

The CPR gives details on the drop off in its P90 and P50 charts. If the P50 profile is accurate (and it would seem to be the most likely with the pressure drop) then it’s looking quite bleak. They have around £750k of expenses (double that at least this is Angus after all) according to the CPR starting from next year and according to the CPR that doesn’t actually affect the drop of rate either!

It’s all simply down to the price of gas and the drop off rate now. I mean realistically how much revenue are they going t receive for storage? They don’t own that big hole in the ground for a start,and as far as I’m aware only have the license to extract hydrocarbons. That runs out in 2027 I believe?

My estimate is around £800k per month on operating costs for the company as a whole.

Did you not spot the £11 plus million crystallised paid to Mercuria, and the £3.5 owned this month BP?

Sageman

Surely you know my “agenda” by now?

I’m a paid for by Vladimir Putin to de-ramp Angus fully paid up member of the swampy party, who works part time as the Editor of an impartial on line publication, who spends his spare time working for a broker de-ramping oil and gas stocks……it’s so obvious!

Finally we agree on something

“WG818 ... trying to explain things to stupid people is like talking to plants ... but here goes ”

Well my little Petunia ………The figure of gas produced is reported here every day…….along with the amount actually raised in gross figures.

Yesterday gallders figures ( not mine) gas sales GROSS revenue £51,249

The previous day Gross gas sales £52,163

The day before that £56,837

Do you not realise that working out exactly what they are producing from the figures published is remarkably easy?…….the figures from the half yearly were taken from figures at gas prices many multiples of where they are now my little sunflower!

Condensate hasn’t doubled either as you claim and if you take the £735 k figure given for the condensate sales and add the claimed further 40 barrels ( even though the NSTA website shows this is false and condensate actually fell considerably in April from March ) it’s still only around £120k per month!

That gives you a GROSS total sold yesterday of around £55K……not to shabby if it wasn’t for the fact they have or will have £27 million owing, and £800k (my estimate) a month to operate Saltfleetby and the other ha hum assets!

Try and actually looking at the price of natural gas over the next 3 months and you’ll find that they won’t even make enough to reach the £6 million bridge facility let alone enough to pay the previous £3 million one.

Hope you can get your head around that? I fear it probably needs deadheading as in your plant reference however?

No Donk. The last 11 sidetracks failed…. Remember the 2 they drilled before the partially successful one they are producing from now? Yes the 3 week program that took 6 months, perhaps you should have taken more notice when I pointed out that the 9 previous attempts had failed, because it turned out it wasn’t going to be as easy as advertised and cost between £15 and £20 million depending on how you view it.

Rob. You’re also at the bottom of the food chain. Your list is also total cobblers, as is your £100k again in the pot claims.

The figures provided by Gallder and singhie (not myself) are all gross you plumb and even with the condensate add up (even with your fictitious assumption) to around £60k a day at present.

There you go Garwool1. As if to prove my point Donk turns up right on Que.

Again posting libellous accusations that I’m the editor of an independent on line publication.

Yes that’s a lie Donk as you very well know.

Definitely bottom of the food chain that one!