Member Info for WG818

called me out Howey? Funnily enough it turned out to be true didn’t it!

I did notice you failed to accept you lost our gentleman’s bet we made about them getting to 1st gas though!!

Donek
“she should state she is anti oil and gas”
I’m sure GL wouldn’t have granted that interview either her when he took over if your statement was remotely true. I should withdraw it if you have any sense.

You forgot that you have admitted being the plonker who posted it in your History on here though!
The same guy who asked the question of GL and was told June the 1st for 1st gas or only “a matter of hours late”……I appreciate you have no trouble telling porkies as your history demonstrates, but how did it feel to have it done to you on that webcast?

You mean rumours like”the taps will be turned on on Monday” like you posted on Twitter RT003?
You offered to be quoted on it so I have….further words as you would say are “superfluous”

So it’s not 7 then officemanager! You are posting wrong and false information but I’m the bad guy???

Office manager
I can recall them hoping for 5, I can’t recal them ever saying 7 without the sidetrack. Happy to be proven wrong if you can post a link? I think GL said 7 with a poor sidetrack outcome if that’s what your taking about?
They can’t produce 7 at present anyway though can they!

Sorry the 10Mmscf hoped for not required.

You seem to be forgetting that they only have one compressor package on site at present. That’s only capable of 5mmscf or half the total required.
You may also want to check the previous production levels available on line ( link available in my history ) and the Aecom document submitted to the planning department which says they hope for between 4 and 5 mmscf.

Silverlight. Link to the drone footage from Friday.
Far from not being able to see anything there are multiple clues that it’s running behind.
The gas generator delivered last week hasn’t been connected up, the flare knock out pit isn’t finished and the scaffold is still up around the tanks.

https://twitter.com/Roofershound/status/1545377283615199233?t=VpYuU-71XgS9dJF49KdRVQ&s=19

Baits GL himself told us that they would purge the pipeline from the national grid end….. erm that qualifies for live gas doesn’t it??

They purged the 8km gas pipeline with gas from the national grid according to GL. The gas that was flared hss most likely come from there.
The drone footage from Friday clearly shows that the site is far from complete. Expect a further delay.

Yes the old Etonian has told some whoppers hasn’t he!! A change coming at the top almost certainly with the truly appalling job done.
Then of course we can talk about the Prime Minister’s record if you like!!
I fully expect a reshuffle in the BOD at Angus in the coming weeks with the man in charge also leaving number 3 Chiswick Park.

That’s an interesting post coming from a provable liar RT003. Warning others of jail time from your untouchable “alleged” home abroad while making unfounded and downright libellous totally false accusations.
Have the courage of your convictions and name the “4” multiple I’d posters and who the “old bat” you accuse them of being is.
You won’t of course as it’s just another one of your many lie’s.

Sorry that should read FROM the 18th of July. Anyone have an idea what they Can convert At?

I’m fairly sure you’re right if that drone footage from last week is up to date Taverham.
That would be handy for that Knowe £1.4million CLN to be converted on the 18th of July wouldn’t it?

How long to install the gas generators that turned up today do you think?? Erm wasn’t all the equipment meant to be on site?

Only it doesn’t say that at all caravanboy.
You’re loss again!

Tigray

At the moment they will only be capable of producing 5mmscf as they only have 1 compressor package or half what they have done there sums on.

They are also banking on the 2 existing wells producing entgas with the pressure buildup to service that 1 generator package (absolutely no guarantee of that) they have to drill the sidetrack and it has to be successful now end of story. The company itself has stated a 10 or 15 % drop off per year on the 2 existing wells!!

Wrong scarlet vixen. The full £12 million loan shared between Angus and SEL has been hedged.
Angus are hoping with the pressure buildup that they will produce enough to pay the hedge from July the 1st until the hedge rate needed increases In October.
If they are late to first gas by a few weeks they are in trouble, if the 2 wells fall below the amount required they are in trouble, if the sidetrack can’t be drilled whilst producing they are in trouble.

If they can produce by the 1st July to fulfil the hedge and can drill and produce then they should be ok until we know if the sidetrack will be successful ( the last 9 attempts failed) if they can’t then fulfil the contract on the hedge the lenders have a debenture over all the assets.
I think a wise man once said “ how much gas and by when”!!

24. Derivative Liability



On 01 June 2021, Angus Energy Weald Basin no. 3 Limited (AWB3) entered into a derivative agreement with Mercuria Energy Trading SA (METS) under a Swap contract as part of the condition of the Loan Facility (see Note 23). The derivative instrument was used to mitigate price risk on the expected future “cash flow from the production of Saltfleetby Gas Field. Under the Swap contract, AWB3 will pay METS the floating price while METS will pay AWB3 the fixed price on the sale of gas from the field.”

Your a tad out of date caravanboy.
Check the 14th March final results RNS. Note 24
Gives all the up-to date information.