Member Info for Yanis2005

Ha ha BV lol

The 2.9 seismic limit on which the moratorium is based is nonsensical. Is only about half the maximum limit recommended for vibration produced at UK construction sites.

Cuadrilla will soon be resuming the test on those wells. Why else will they ask them not to cement them?

I think the Fracking moratorium will be lifted.

Fracking - 3 months to come to a decision - interesting write up

https://hsfnotes.com/energy-and-infra-consenting/2022/04/06/door-left-ajar-for-fracking-kwarteng-orders-bgs-to-reconsider-the-evidence/

As I said before the seismic limit is ridiculously low.

The irony of it, greater seismic events happen in Geothermal and nobody is protesting, extract:

“Multiple seismic events have, for example, been recorded at the United Downs geothermal power project in Cornwall. The recorded ‘red-light’ events at the United Downs geothermal well site were higher than the largest seismic events recorded at the first Preston New Road well, and more red-light events have now been recorded at the United Downs site than were recorded across both of Cuadrilla’s wells at Preston New Road. At no point were United Downs required to stop operating. What’s more, Cuadrilla’s 2.9 ‘tremor’ (which lasted for 2 seconds) was only about half the maximum limit recommended for vibration produced at UK construction sites”

HITS, there is no issue there.

GL is using the term “First Gas” to indicate start of FULL production.

First gas is already stated as 15 May - is in the RNS (WET commissioning, i.e. introduction of gas).

BV, btw, I just realised that the electrical room and the separator (main equipment) is arriving this coming Tuesday!

BV, no need, is all pushing ahead nicely now. The timeline is reasonable.

BV, looks good.

Updated schedule looks good - not a big impact and production by 1st June is perfectly doable provided that there are no further slips.

There are some delays with the worst one being the Gas Engine Generator which moved from the 4th to the 29th April. Condensate stabilisation pushed back from 29th April to 5th May. 1st stage compressor moved back to 21 April

With this in mind the guideline given in the RNS is perfectly reasonable.

The Electrical Room arrives on 12 April, so starlet of dry commissioning by 26 April is fine.

Last package to arrive is the J-T package which arrives 5th May. One week for installation and integration in to the Control & Safety systems so Wet Commissioning (introduction of gas) on 15 May is perfect.

Two weeks to finish wet commissioning and we are at the end of May for full production.

Effectively, nothing has changed - finish wet commissioning and start production end of May - from 1st of June we are on full production. There is no slip.

Nice one …

RNS just in

https://www.lse.co.uk/rns/ANGS/update-on-installation-schedule-at-saltfleetby-spvxzu0tse53vci.html

JD, I agree with you - yes. there are still two parties looking at the asset but IMO nothing will come out of it. Also, it is not in Angus interest to sell SFB as this will more or less finish Angus as confidence in the company’s ability to bring a (any) project to fruition will evaporate.

I believe that the company should now be ramping up to the maximum expediting of Vendors for equipment delivery and Contractors for installation in order to avoid a further slip as there is now no slack left.

IMO, the SP will now go up on increasing confidence that production WILL be achieved in June.

Ocelot, the FSP is closed. I do not think that the two parties (actively) looking at the asset will end up buying it. Not at this stage, GL will not sell now so close to first gas.

From here on what will push the SP up is increasing confidence that SFB will be producing gas in June.

For this, siteworks MUST be progressing as announced in latest plan.

Angus should be focusing on equipment expediting to get it on site prompto. And not waste energy on selling the asset which is not a good thing for Angus anyway - if they don’t bring SFB in to production how on earth are they going to be trusted with bringing other projects (including geo) in to fruition?

We are now late on cable installation and equipment delivery - they must focus on catching up to avoid further slips.

… All focus musty be on SFB (not FSP) in getting the gas flowing

I posted this before and I am posting it again - forget the FSP, either for the whole company or for the asset - IMO it isn’t going to hapen.

All focus must be on FSP.

Nhawan, I suggest you take a look at Oktane’s posts - he is trading Angus in a decent way.

WG & Nhawan,

Nhawan posted:

“nhawan
Posts: 2,908
Price: 1.205
No Opinion
1st Gas in JuneToday 08:18
This is heading down further imo. The goalpost has shifted in the latest RNS by another couple of months which is beyond a joke.

It's so predictable that a placing is coming in the next week or two. Pretty much says it all when all the potential buyers failed to make any offer after due diligence.

Sub 1.0p coming....”

Is the above the truth?

(1) First gas did not slip by a couple of months - it slipped by a couple of weeks from May in to June (as per information made public via RNS or otherwise_

(2) We just had two placings in the last 4 months - the likelihood of another placing before 1st gas is infinitesimally small.

If this is not gaslighting and truth twisting in an attempt to drive the SP down what is it? Nothing wrong in trading but this is immoral.

Nhawan,

Congratulations on selling above 1.36p with a profit.

There is nothing wrong with trading, is healthy for the markets.

What is wrong though, is to deliberately mislead … gaslight … twist the truth in an attempt to drive the SP down causing other decent shareholders a loss. This kind of behaviour is immoral.

I don’t think this SP markdown was justified. The SP will move back up.

Yes, first gas is now June but is not a big slip. I have been saying first gas end of May is doable. I was going to post yesterday that is going to be very early June now but changed my mind and decided to wait until today to see if we get any more tweets of equipment arriving. The following is late:

!st stage compressor was due 31 March
Gas engine generator was due 4 April
Separator Vessel was due 5 April
Passive dehydration due to arrive today - will it?

Also, cable laying due early May has not started yet..

Not a big slip, so (if there are no other slips) early June is doable. This drop is another chance to buy/add, IMO. The SP will soon move back up and over the 1.55p resistance.

W T F?

ASK is alt=ready down to 1.15p !!!!

Seriously?

Cheers Gideon, so an RNS tomorrow then.