Member Info for Yanis2005

Tav saying may go short kind of spilled the beans.

I don’t believe the SP is going to go any lower unless another placing happens from this level. Anybody looking for lower has to consider the odds of another placing so soon after the last one (about a month ago). Presently, it doesn’t look likely that another placing will happen anytime soon, bar delays.

Further delays due to EA/PP approvals worries me but hopefully these will arrive in the next two weeks allowing site activity to ramp up. PP consultation period ends 28 Jan.

Anyway, in the absence of another bid, I think what will start the fire works is PP & EA approval. Increased site activity may spark FOMO. Fingers crossed within the next 2/3 weeks.

BV, there should not be any more HSE issues. These were resolved with the change in flare size and relocation of some equipment, I would not worry about HSE. What we need is the EA & PP approvals, hopefully within the next two weeks.

BV, That is true all the equipment delivered at site will be stored in a lay down area away from the process ares.

What do you mean by “it's our gas consultant i'm bothered about with the HSE”?

BV, the contractors normally have a lay down area and fabrication yard at site. They will make the special pipe pieces (spools, tees, bends, etc) in the fabrication yard and then move them to position and weld them in situ. Straight run of pipe is simply one straight pipe piece welded after another.

We still have time for 1st gas in April/May if site activity is seriously ramped up.

If they are allowed to work extended hours (a couple of shifts and weekends) ofcourse they can finish earlier, but this appears to be a non-option.

We need site civil works kicking in asap.

BV, the pipework fabrication is the longest. It all has to be done on site and mostly in situ, is all welded.

That is why the pipe track civil & structural works are important. Concrete pipe supports and foundations have to be laid, then the steel works (structural supports) and then the pipe, pipe pieces welded as you move along. After all the pipework is installed is then pressure tested.

Takes time.

Pipe and more pipe … on site

https://twitter.com/angusenergyplc/status/1486317421464104963?s=21

A computer view of SFB

https://twitter.com/angusenergyplc/status/1485994243957178373?s=21

Quite a lot of equipment for a small gas plant.

As said earlier, unless site activity is seriously increased in the next few days we are not going to see gas anytime soon. Hopefully PP & EA approval now to kick things off.

HITS, Is as if Angus have given up on getting the gas out and are concentrating on the sale. Is either that or we are not told the whole truth - are they waiting for EA & PP approval before really pushing ahead with it?

The longer the delay the bigger the need for additional funds becomes, also the bigger the loss of potential profits that could eliminate the need for another raise.

I believe that they are stalling waiting for the permits. This explains why the Civil works are not yet done. I don’t understand why equipment delivery keeps slipping though, they should know the delivery dates before they promise, is simple. Equipment is still being manufactured & tested long after is supposed to be on site!

In my opinion, unless they seriously increase site activity within the next few days then even first gas by April/May very likely will not happen .

We need transparency!

Howey, there is no chance of mid-Feb gas, none, nada, zilch, zero.

The earliest we can now hope for 1st gas is April/May.

Lucky MM!

21% spread … is ridiculous!

Good advice and four likes … so, who bought today?

Nice to see Europa doing some PR …

https://twitter.com/europaoilandgas/status/1485924639842918400?s=21

BV, Yes, nice to see the back of Spreadex. Now let’s see the SFB plan from Angus, but I’ll take a 5p bid though :)

Yes, some of it is down to the general market, but Angus is amongst the biggest percentage droppers.

BV, after the news that we had and the volumes that have subsequently traded (and the “for sale” sign still up) dropping back down to below 1p yet again is not a DAILY FLUCTUATION … Is a BIG PROBLEM.

Another leak looming?

Taverham, fully agree. We were promised transparency months ago but nothing happened yet.

There is no reason as to why the SFB schedule has not been issued yet. I asked for this last October, was promised in November … on the last day of November we had a vague schedule which showed tanks arriving at site early January.

Subsequent to that Angus said that they will issue a week-by-week schedule (which is what I asked for back in October) in January.

January is over in a week and the schedule is not out yet. Neither are the tanks that were meant to be on site early January.

… and here we go … bid now at 0.95p!

BV, anything I said you don’t agree with?

Does been “cut-out for the AIM” mean that you have to be giving your money to these companies?

There is no bl**dy excuse now to drop below 1p, or is there?

Don’t you think is time for Angus to promise us something and actually deliver it? Where the f*ck are the storage tanks promised to be at site early January?