Member Info for WG818

I try my best not to be rude…..quite difficult on here sometimes however. Talking of manners a thank you for the links you requested for the 9 failed attempts would have been polite.

joules ……or should I call you Adrian?

From my previous post. The OGA is now called the North Sea Transition Authority and the information is available from them if the links don’t connect now.

“Wells”.... and sidetracks.
The last 9 attempts at Saltfleetby by the best in the business all failed.

SF7Z
Spud 4th July 2003
Sidetrack 8th October 2003
Sidetrack 10th Nov 2003....Abandoned phase 2

SF8

Spud date 27 Oct 2007.
Sidetrack 9th Jan 2008
Sidetrack 10 April 2008
Sidetrack 26 April 2008...Failed and shut-in!

SF7W
Spud 14th Feb 2016
Sidetrack 13 March 2016..Abandoned phase 2

SALTFLEETBY ENERGY LIMITED

2014 Turnover £14,470 Million...............Loss for year £17.8 Million
2015 Turnover £8,099,Million...............Loss for year £9.58 Million
2016 Turnover £6,954 Million...............Loss for year £24,40 Million
2017 Turnover £3,568 Million.............. .Loss for year £2,95Million
2018 Turnover £0 Million.............. .Loss for year £2,70 Million

https://find-and-update.company-information.service.gov.uk/company/00953066

HTTPS://itportal.ogauthority.co.uk/edufox5live/fox/edu/WONS_WELLBORE_SEARCH_PUBLIC

License number PEDL5

HTTPS://ukogl.org.uk/map/php/pdf.php?subfolder=industry_reports&filename=41964.pdf

Asher
As I just pointed out to the Fantasist, If the Equipment for the sidetrack had arrived we would have been informed…in fact they would have shouted it from the rooftops.

Secondly, from where have you got your information regarding the pressure being higher than expected?? I haven’t seen that quoted anywhere!

Thirdly elevated gas prices are actually bad for Angus unless they fulfil the hedge. Best case scenario break even this quarter, worst case end up owing millions. Then it’s down to a successful sidetrack as simple as that. The last 9 attempts failed.

I see the Fantasist RT003 is posting his high drama tosh again. Seriously do you not realise your history is available for all to see?
What happened to the RNS for that equipment for the sidetrack that arrived at 5.32 on Thursday?? They have released on for the other drills that have carried out? It’s strange that someone who claims to be”sitting in a multiple million Dollar (US) house” posts on a penny stock BB and is boasting about being able to retire on the profit fro your “alleged “ £40k investment?….The only way your sitting in that house is if your having a sit down while you clean the pool………further words are superfluous as you would say!!

Erm no…. I actually know what I’m talking about having done my research. Might be an idea to do the same before posting incorrect information.

I should actually read what he says Silverlight.
They have one compressor package only capable of 5 mmscf on site. It doesn’t take much working out that within a couple of days the won’t be able to produce enough for Q3. ( unless the second package arrives)
He has never said 99% sure the sidetrack will work. Totally false as is your old tech statement!

Interesting that you feel you can make stuff up and post but don’t like people posting facts?!?!

The problem with your statement Honeststu is that at the moment only Mercuria are making any money out of the gas (through the hedge)
So many people have inside information wrongly or rightly whe will know what’s going on before mug punters investing their ISA and SIPP money who many post on these BB to try and convince to invest.

They are very close to losing on the Q3 hedge whatever the outcome now and then it’s just a gamble on the sidetrack that failed on the 9 previous attempts at Saltfleetby.

DYOR.

£12 million? Try £20/25 million plus …….Full stop.

They probably traced the address back to an address in the Philippines!!

Ocelot.
I don’t know if they gave permission or not. It seems highly unlikely that they would as it could and would possibly have cost them dearly. They are a business not a charity after all ( despite the links with the founder of the company).
They can choose to convert come Sunday either 0.65p or a penny. If they choose to take some risk of the table as MR Forrest(SESL) did it’s worth considering and would answer Small-Time-chaps question.

Ocelot
So it looks like the December 3rd 2021 for £750k at 0.65 pence is applicable then? Unless Knowe gave them permission (why would they possibly do that though)

From the original April20th RNS.

20 April 2020



Angus Energy Plc

("Angus Energy" or the "Company")

Issue of £1.4 million Convertible Loan Note and

Part-repayment of Riverfort facility



Angus Energy plc (AIM: ANGS) is pleased to announce that it has today issued a 4% per annum £1,400,000 Convertible Loan Note (the "New Loan Note") to Knowe Properties Limited, a significant shareholder in the Company. The New Loan Note is unsecured and is convertible at maturity after two years at the lower of (a) £0.01; or (b) if there is an issue of Shares or options in respect of Shares (excluding options granted to directors, managers or employees) by way of a single or directly related offer to the public with an aggregate subscription amount of £250,000 or more made without the prior written approval of the Noteholder then the price attaching to the lowest of those issues (the "Conversion Price").

If you mean the management STC with your
“ Can someone explain whether the powers that be, have put a curse on this share not going over the 1.4p mark “ comments then yes!

Millions of warrants that can be exercised under the current price, a £1.4 million CLN that can be possibly be converted at 0.65 from This Sunday (see the RNS related to Knowe having to give permission) and of course the very real possibility that they are going to have to pay Mercuria for the hedge commitments.

How are you fully aware of (now 7 log ins ) not 4 any more being fun by 2 people? I know I only have 1 so are you suggesting 6 are operated by one person?
Again have the courage of your convictions and name them!

101 times (plus)!! Blimey we know you are prone to exaggerate RT003 with your 1727 posts!
I take it you have posted 98 times (plus) in one of your other aliases then? Funnily enough you didn’t deny it though?

BF
The 8km pipeline was purged with gas from the national grid. They would have had to flare some to make sure it was fully purged presumably.

I see you not a fan of full stops either GavinM with your 29 posts……..another strange similarity?!?!?

“The anti oil and gas brigade are truly repugnant in their antics on this small sub forum”

“Sub forum” that’s a very niche term! I’ve only ever seen it only used by RT003…..further words are superfluous!!

Howey
That’s almost gracious of you. I obviously didn’t say he was lying but as the welding carried on until until very recently and that was a coupe of months ago I would have been within my rights to do so don’t you think?
Your imminent arrival of gas must leave a bitter taste with the hedge costs likely to cost Angus and shareholders now?

Howey

Of course I was defensive as you accused me of calling someone a liar which I hadn’t.

With regards to our gentleman’s bet it was over production starting by June the 1st. Surprisingly you can remember 1 post well but the other you become fuzzy on?….I’m sure you’ll now accept I was correct on both counts though???

Rt003
You forgot to get your 13.45 post deleted where you name her you muppet….. is it 10 reports to get a post automatically deleted or more?

If you follow what we have been told that RNS and it’s “shortly thereafter” statement actually means after we have carryout the wet commissioning.
The only thing that’s been tested with gas is the flare and that gas come from the national grid which they purged the pipeline with (they have confirmed this before anyone tries to deny it). That leaves literally all the rest of the equipment on site to be “wet tested” duration 7 to 10 days according to the company itself.

With only 1 compressor package on site rated to 5mmscf that’s going to be a tall order to produce enough gas to fulfil the hedge commitments for Q3…and that’s without the possibility of having to shut down production while the sidetrack is drilled (whenever that’s going to be now)