angus energy plc 1D LSE update on fundamentalsLSE:ANGS
Although price has been down last week, in general angs share price has been performing well, and the current drillings has been successfull. as we can see in the chart we are in a uptrend, rising wedge. i see a slow and steady rise this year. A good stock to sit back and let it work for you. JT LSE:ANGS
The calorific value fluctuates within a very narrow but very significant range,
From 01.10.2022 to the Present:
Min 40.33 on 07.10.2022 and Max 41.52 on 26/02/2023 and Mean 41.2170 so the gas quality is of a very good quality look at the Calorific Value Metrics since 03.04.2023 when the Drill for the sidetrack was successfully completed and a gas find confirmed,
During the clean up phase there fluctuations in Calorific Value closely resembled the clusters in early Q3 2022 i.e.Sept 2022 when the Saltfleetby gas supply from the first two wells was being cleaned and tested and consistent supply confirmed,
Now look at how the Calorific value has transitioned since 03.04.2023 and during the past week has steadied and moved closer and closer to the mean value, so normality in supply being restored have the kill fluids being with drawn form the gas supply,
Whilst the wells are distant the supply is being drawn from the same reservoir and because Gas is the least viscous state of matter there effects of working on one well would technically affect the Overall Calorific Value being drawn from the Gas Reservoir so either The Technical Expert at Angus Energy refutes my hypothesis or I believe in the teachings of my Chemistry & Physics masters at school regarding this subject matter,
Regarding Completion of the monthly Hedge it is simple at come stage during the Month of April 2023 there shall be an uplift in Gas being supplied to the grid which is being supplied to the National Grid,
The RNS of 03.04.2023 mentioned the supply was intended to be connected to the Grid during the Week of 07.04.2023 so I have used a simple weighted average calculation of number of days at approx 57,000 Therms and the Number of Days at 98,500 Therms
57,129.36 98,677.99 1.3636 *Current Co-efficient
15 15 30
856,940.40 1,480,170 2,337,110
The longer we go at approx 57,000 Therms the fewer days available at 98,677.99 and hence the lower the monthly mean supply hence there is approximately a financial cost of approximately GB£42,500 differential in supplying at the lower value and the higher per day ,
Hence I now strongly believe an official confirmation regarding connectivity it imminent and no doubt Shell are privy to the metrics during the clean up phase as they must be satisfied regarding purity of supply to the grid and that leads me to infer that Shell may be interested in Buying ANGUS Energy using the Gas and also using their expertise to optimalise the Storage Facilities before transitioning Saltfleetby to a Holding Facility for Carbon capture is is also being commented upon, source lse uk chat
ANGS trade ideas
$angs.l Angus Energy PLC Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
0.26 12.68% 2.31 2.25 2.30 2.475 2.075 2.075 252,253,435 16:35:09
great fundamentals, expecting positive rns September. active oil wells and ownership. im buying for long term, 30p target
Angus Energy ANGS - double bottom off 50% Fib retrace?Looks like the low might be in on the initial move up and retrace back. 50% Fib tested twice.
There is a risk of slightly lower, but this looks a good entry point for the extension move towards 17.5p. Breakout of the 10.6-11.0p region for confirmation.
