This has all the hallmarks of somebody big buying. Slowly and methodically, they don’t want to drive the SP up too fast. At least not yet :)
Katstrangler, Who is been ramping? There is nothing on Twitter and a few posts here make no difference.
Somebody is loading up, volume is more than 10 mil already. The question is, who is loading?
I managed to add another couple of £k worth. Ended up buying at 0.45/0.54
Shares in short supply, I am trying to buy more and get quoted 0.48p, above the Ask.
I prefer 2p by 1PM:)
Something happening …
Bid now 0.4p and Ask 0.45p
Four MMs sitting at the Bid at 0.4p and one MM sitting at the Ask at 0.45p
Keep ramping guys :)
Is possible that some MMs would have been shorting and may get caught out … wouldn’t that be nice? :)
DRB,
Don’t focus on month by month, zoom out to yearly revenues. At 5.5 MMSCFD if the gas price is high there maybe some months between Jan23-Jun23 that go a little under, but over the whole year there is substantial positive cash flow to Angus.
At 5.5 MMCFD up to 230p per therm every single month between Jan/Jun23 generates positive cash flow to Angus. All future gas prices generate positive cash flow for Angus on a yearly basis.
The last clarification I am giving you. Do the maths.
Baits, I agree with you about Balcombe, I remember the excitement during those days. If Balcombe comes good on top of SFB then Angus will really be transformed in to a big player. I hope the planning issue is resolved soon.
Balcombe is good but don’t underestimate Saltfleetby. There is a lot of money to be made even during the hedge. Revenue in millions.
BV, just for you since you asked me. I submitted the following IQ:
COMPRESSORS:
The required number of compressors to satisfy full (i.e. present & sidetrack) Saltfleetby gas production requirements is misunderstood. There is widespread belief amongst shareholders that the gas flow cannot be increased above current level (about 5 MMSCFD) without an additional compressor installed.
According to the Process Flow Diagram (PFD) filed with the documentation for EA/NSTA approval, two compressor packages are currently required; 1st Stage before the Dehydration package, and 2nd Stage after the J-T package.
There is also a 3rd compressor, a Booster Compressor not currently needed but will be installed in the future when wellhead pressure is reduced.
Would you please clarify/confirm the following:
(A) Are both 1st Stage and 2nd Stage compressor packages installed?
(B) Each compressor package may have been configured for 2 x 50% design capacity (i.e. 5 MMSCFD) or 1 x 100% capacity (i.e. 10 MMSCFD).
Noting that there has been reference to 2x50% in an RNS and 1x100% in a response to an Investor Question, would you please clarify the installed configuration (i.e. 2x50%, or, 1x100%) for both 1st Stage and 2nd Stage Compressor packages.
Thank you.
Serif, I agree with you. Is frustrating though.
Having said that’, I had the same frustration at Angus for many years, but look at it now.
I know, patience. Our fortunes can change in a sec. I am holding tight, but I cannot say I am not bothered with the SP drop,. Hopefully Simon’s Proactive interview today will change the trend.
DRB, you have flow (MMSCFD) and the price of gas (pence per therm). We can play with them as we please. Different set before.
In the post below, my calculations consider 200p per therm and two flows 5 & 10 MMSCFD. They take in to account the deferred July & August hedge. There are £millions for Angus.
I believe my calculations are correct. If you don’t like them, you could do your own.