Member Info for WG818

Don’t have a problem with using second hand kit, apart from the reliability issue of course. I do wonder how they are 10% over budget AGAIN when so much is second hand scrap value only as GL told us when they could do the project £2.5 million?

Cynderlad.
The flare, gas generator engines, air coolers, at least part of the compression package, many valves, and those storage tanks are all second hand if I’m not mistaken.

“The piles are an integral part of the foundations for three pieces of equipment and are part of the existing approvals for the site. There is no further requirement for approvals for this work.”

I think someone at Angus may want to actually go and check what the permission in place is actually for!
The flare base is not on the approved permission at the size that has been prepared, and the tank and condensate area does not even show on the approved drawings.
As for the pilling being finished the rig is still on site and they troll have the left hand side of the site for the engines to prepare. Again not in the approved drawing.

It’s all available to check

APPROVAL REF. PL/0052/20

HTTPS://lincolnshire.planning-register.co.uk/

Sorry top left corner. You have to open the picture probably to see it.

Yanis
The pillar is still onsite. You can see it in picture three in the top right hand corner.

The PP is in the Queue by the looks of it. 7 applications ahead of it and the first one was validated on November the 17th,5 or six weeks before Angus’s was validated.

Not very happy bunny

No need to be rude.
Rest assured me Puttin isn’t concerned about Saltfleetby or anyone really judging by the lack of interest by anyone commenting on the PP portal.

Interesting that you accuse others of manipulation and deceit? That’s a bit rich coming from a poster who has literally accused posters as being paid to post by a foreign government!
And what I post is quite clearly not made up as I give you all the details of where the information comes from for verification!

Go and have a lay down under you heid.urdown?

Erm…….again I haven’t told anyone anything. That’s the third libellous statement aimed at me today!
You seem on the other hand to be telling people that 3-5p this year Will happen with ease?
Strange that the biggest share holder and other major shareholders (who have increased their stakes) heading for 20% now are backing the Sound deal then!
The market seems less than convinced also.

Very poor having to go to probably a tree huger VHB! I thought I was paid by either the Russian or Chinese governments?…….you do realise your history is available again don’t you?

VHB
I just suggest you stop clutching at straws and read page 46-49 of the CPR. Then do your sums from last year’s half yearly, add in everyday cash burn, then add on the 10% Shortfall, then the extra months just added until first gas and then come back and tell me they have money in the bank!
Literally all the evidence points in the other direction. Maybe they will get an offer better than the sound confetti one, maybe they won’t. Whatever happens they have got it spectacularly wrong again though and more time and money are required.
If they don’t get over 5.19 MMSCF by October whoever runs the company could be in serious trouble whatever happens!

Lol…….as I just pointed out the December placing money will be all but used up in everyday expenses not including Saltfleetby!

How exactly does the reason they gave to issue the new 870 million new shares relate to a hostile take over then “ whether to maintain debt covenants and meet all obligations under the
Saltfleetby Development Loan Facility or more generally)” are you suggesting they have misled the market or they are getting close to breaking those covenants?

I’m afraid your wrong VHB.
The CPR clearly gives a £500k overspend. So that money “that is clearly in the bank?” (Do you have a crystal ball) is not enough. Where has this contingency money come from then? They quietly slipped they were 10% out in the up for sale RNS!
And yes they have given a massive clue the are running out of money by having an GM to grant authority to raise fund just weeks before the AGM for the very reasons you list that they don’t need it for!

Again Donk…..I have never posted either of those statements……Are you trying to frighten people?

All previous accounts show a minimum £250 a month cash burn…….they have no income! They haven’t produced any hydrocarbons for 23 months now. They can’t have enough money to drill the essential sidetrack without getting it from someone can they? We don’t even know if the lenders will commit the remaining money or if it’s been taken already at this point.
What I do know is that they are 10% over budget and seem to have bought mostly secondhand plant! The original £12 million included a couple of million De-comm fund. Where the hell has all the money gone?

Still making stuff up I see Donk!

If excellent progress was being made as RT003 is claiming, the clearly second hand un-worked on air cooler that arrived Friday and the compressor for the cooler (from Poland) by the looks of the lorry would have been lifted straight into position wouldn’t they … as the concrete pads would have been poured as the 1st December advised. Far from being “excellent “ it’s around a month behind on the construction side as well!

O dear Donk!
Your making stuff up again ! I have never said anything of the kind.

I would be interested in the list however!

You do realise that our chat histories are available again don’t you RT003?
No one has ever suggested as far as I’m aware that permissions won’t be granted. The date to submit a comment on the Saltfleetby PP is today. (No negative comments ) so should be passed by the planning officer in the next few weeks. The EA is another matter however. This seems to be finger in the air territory. Angus’s own track record of forecasting is off by many months and years in Brockhams case.
As for your claim someone guessed who you were????……. Well again you’re history is available and the only one I can see is when you pretended you didn’t know who Adrian was!! …..and funnily enough that guess would make perfect sense!

My apologies. It wasn’t last year it was the year before he was in talks. See the Angus website investor call for confirmation!

The trouble is outback is they would have to drill a successful sidetrack for your update to be valid!
We know they are at least £1.2 million short so presumably can’t afford to do it without a raise of some sort? They then have the slight issue of it actually being successful. The last 9 attempts all failed! Know doubt one of the reasons the previous owner (basically the Russian federation) recorded those eye watering losses ( see Saltfleetby Energy Ltd accounts) and decided against doing what Angus decided to …… for £2 million… then £2.5 million…. Then £14.5 million….then£15.2 million…..now £16.5 million is it?……I bet his lordship wished he took the $20 million he let slip he was in talks with a major high street name back in March last year now!!

DYM
Well I am still invested here and all I’m reading is can kick BS as normal. Three of the essential items don’t even have delivery dates ffs!
They still have to drill the sidetrack after this and don’t even know by their own admission if they will be able to do this while in production!
Every month delay is hundreds of thousands in normal Angus administration costs as they don’t actually produce Anything! Then you have the £13.4 million loan that needs servicing with that amortisation interest building at 12% at present but rates likely to rise sharply in the coming year.
Then you have the 10% oversight again just 2 months after going to market admitting they got the figures wrong then( that will be all but gone now just on day to day expenses see all available accounts)

So as a long term holder, I’ll call it as I see it which is yet another Angus can kick another more costs and timescale RNS as normal!

A good update? They just told you they won’t be producing in March! It’s not like plugging a telly in!
They also just let slip they won’t have the equipment in place to fulfil the hedge that kicks in later in the year. And as for not blaming the BOD for the equipment being late!!! ….It’s going to be 2 years late!

Yet another LOL moment!
The usual suspects pretending this is actually good news. Erm….. They are guessing again!! 30 days into April and only one compressor unit “maybe” that’s not going to be enough to fulfil the hedge!!
What this actually says is it’s pushed back another 3/4 months minimum. Don’t forget they have to train the staff and get it all signed off. That’s without the many KM of pipeline they have to fabricate and weld in as the equipment finally rolls onto site literally years after we were told it would.

The sale thing is just another re-hash…and does anyone remember the Sound energy data-room? That turned out well didn’t it!!!

Yet another lol moment!! “Upset how quickly this is progressing “ well I would be upset if I had told everyone first gas was in three weeks time!
Have you seen how much pipeline they need to install!! I thought it was around 3km….looks like I should have doubled that at least!!
Let’s face it they are going to be many months fitting that puzzle together before they can even start training the staff to operate it. They haven’t even got the civils in place yet have they?