New Risk • Jul 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€11.2m market cap, or US$12.8m). Board Change • Jul 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Interim Non-Executive Chairman of the Board Krzysztof Zielicki was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jul 15
Angus Energy plc Provides Revenue Guidance for the Second Quarter of 2026 Angus Energy plc provided revenue guidance for the second quarter of 2026. For the quarter, the company estimated revenues for the quarter were £7.16 million (first quarter 2026: £5.24 million), representing an increase of approximately 37%, driven primarily by higher realised gas prices, increased production volumes and improved hedging position. Annuncio • Jul 14
Angus Energy Plc Announces Appointment of Ross Pearson to Chief Operating Officer and Executive Director, Effective July 14, 2026 Angus Energy Plc had announced the appointment of Ross Pearson as Chief Operating Officer and Executive Director, effective July 14, 2026. Ross had served as Director of Wells and Subsurface at Angus Energy since October 2023, with responsibility for the Technical Team, capital budget, drilling and workover programmes, and M&A evaluation. Prior to this he was Technical Director and Executive Committee member at IGas Energy plc, where he held oversight of Subsurface, Well Engineering and Facilities Engineering. Ross had a wealth of E&P experience gained over the past 25 years, both in the UK and in North America and Australia. In his new role, Ross assumed board-level responsibility for all operational, technical and HSE functions, and worked closely with the Finance Director on capital allocation, strategy, and investor relations. Ross was a Petroleum Engineer by background, a Fellow of the Energy Institute and a long-standing member of the Society of Petroleum Engineers. Ross Patrick Pearson was aged 49. Ross was not currently, and had not been during the last five years, a director or partner of any other companies. Annuncio • Apr 20
Angus Energy plc Provides Revenue Guidance for the First Quarter of 2026 Angus Energy plc provided revenue guidance for the first quarter of 2026. For the quarter, the company estimated Estimated revenues of £5.65 million. Annuncio • Apr 09
Angus Energy plc, Annual General Meeting, May 07, 2026 Angus Energy plc, Annual General Meeting, May 07, 2026. Location: the offices of fieldfisher, 9th floor, riverbank house, 2 swan lane, london ec4r 3tt United Kingdom Annuncio • Mar 26
Angus Energy plc to Report Fiscal Year 2025 Final Results on Apr 08, 2026 Angus Energy plc announced that they will report fiscal year 2025 final results at 8:00 AM, GMT Standard Time on Apr 08, 2026 Annuncio • Feb 20
Angus Energy plc Announces Operations Updates Angus Energy plc announced that Coil tubing operations at Saltfleetby-B7 and B2 have been successfully completed. The programme included perforation of a sections of the tubing, and cleaning and stimulation of the wells using an acid and mutual solvent treatment. The wells are currently in the flowback phase, with gas, condensate and water returning to the production facility as expected. Operations were completed safely and without HSE incident, and all third-party contractors and equipment have now been demobilised. Initial results are encouraging. Average total field production has been approximately 6.3 mmscfd, over the last week, representing an increase of circa 30% compared to the average daily production achieved during Fourth Quarter 2025. As previously indicated, the wells require a period of clean-up following the workover and well performance will continue to be monitored over the coming months, but the Company is delighted with the initial results. Following extended delays associated with the planning process at Balcombe, the Company intends to resubmit its planning application in due course and will provide further updates as appropriate. Annuncio • May 21
Producing assets located in the Gulf of America entered into a non-binding agreement to acquire Angus Energy plc (AIM:ANGS) in a reverse merger transaction. Producing assets located in the Gulf of America entered into a non-binding agreement to acquire Angus Energy plc (AIM:ANGS) in a reverse merger transaction on May 19, 2025. Completion of this transformational transaction would represent a major strategic development for Angus Energy, with a significant increase in reserves, production and positive cash flow. The transaction diversifies Angus away from the challenging UK energy sector into assets in a highly supportive oil and gas jurisdiction, with stable and reliable production and low decline. As part of the acquisition and reverse takeover process, approval of the Company's shareholders in a General Meeting will be required under the AIM Rules. As such, a further announcement with full details of the transaction will be issued at the appropriate time once binding contracts are entered into and an admission document published and sent to shareholders with a notice of general meeting.The Company is working towards finalising the asset purchase agreement and further details and timing will be communicated in due course.
SP Angel Corporate Finance LLP acted as nomad advisor to Angus Energy. Annuncio • Apr 03
Angus Energy plc to Report First Half, 2025 Results on Jun 30, 2025 Angus Energy plc announced that they will report first half, 2025 results on Jun 30, 2025 Annuncio • Mar 06
Angus Energy plc, Annual General Meeting, Mar 31, 2025 Angus Energy plc, Annual General Meeting, Mar 31, 2025. Location: the offices of fieldfisher, 9th floor, riverbank house, 2 swan lane, ec4r 3tt, london United Kingdom Board Change • Oct 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Interim Non-Executive Chairman of the Board Krzysztof Zielicki was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 07
Angus Energy plc Provides Revenue Guidance for the Third Quarter of 2024 Angus Energy plc provided revenue guidance for the third quarter of 2024. Estimated revenues of £5.14 million for the Quarter. Annuncio • Jul 17
Angus Energy plc Announces 2024 Annual Maintenance Shutdown Completed on Schedule Angus Energy plc announced that the planned annual maintenance shutdown at Saltfleetby site completed on the 13th of July. Maintenance and improvement project work scopes, including the installation of compressor acoustic hoods, were delivered successfully within the scheduled five-day outage with no safety incidents and with no harm to the environment. Dual compressor operation resumed during the afternoon of the 13th of July with a first day sales gas export rate of 6.75mmscfd. Annuncio • Jul 08
Angus Energy plc Provides Earnings Guidance for the Second Quarter 2024 Angus Energy plc provided earnings guidance for the Second Quarter 2024. For the period, the company provided Estimated revenues of £4.90 million for the Quarter. Reported Earnings • Jul 01
First half 2024 earnings released: EPS: UK£0.001 (vs UK£0.032 in 1H 2023) First half 2024 results: EPS: UK£0.001 (down from UK£0.032 in 1H 2023). Revenue: UK£12.1m (down 26% from 1H 2023). Net income: UK£5.78m (down 95% from 1H 2023). Profit margin: 48% (down from 700% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. Annuncio • Jun 19
Angus Energy Appoints Antoine Vayner Non-Executive Director Angus Energy announced that Antoine Vayner has joined the Board of Directors as a Non-Executive Director, representing the largest shareholder, Kemexon Ltd. Antoine brings considerable experience in origination and execution of a variety of transactions in the energy space. He has previously worked for St James's Wealth Management, the Mirabaud Group, and IDCM (Finance and M&A advisory) in London, before taking a position in strategy and business development of the investment arm of Kemexon. Antoine's appointment reinforces Kemexon's commitment to Angus' growth and development. The combination of Kemexon's expertise and support should enable the Company to pursue various growth opportunities, both organic and inorganic, that have been identified. Antoine Tom Alexander Vayner, aged 35, is, or has, during the last five years been a director or partner of the following companies and partnerships: Current: Celest Invest S.A.R.L. Annuncio • Apr 30
Angus Energy plc Announces Resignation of Paul Forrest as Non-Executive Director Angus Energy plc announced the resignation of Paul Forrest, a Non-Executive Director of the Company, with effect from 30 April 2024. Paul has been involved in the development of Saltfleetby since 2019 and joined the Board of Angus in July 2022. Now that the Company has secured the Trafigura refinancing, Paul feels it is the right time to pursue other interests. Annuncio • Apr 04
Angus Energy plc Provides Revenue Guidance for the First Quarter of 2024 Angus Energy plc provided revenue guidance for the first quarter of 2024. For the period, the company Estimated revenues of £4.86 million. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: UK£0.035 (vs UK£0.068 loss in FY 2022) Full year 2023 results: EPS: UK£0.035 (up from UK£0.068 loss in FY 2022). Revenue: UK£28.2m (up UK£25.1m from FY 2022). Net income: UK£117.8m (up UK£229.8m from FY 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Annuncio • Mar 19
Angus Energy plc, Annual General Meeting, Apr 11, 2024 Angus Energy plc, Annual General Meeting, Apr 11, 2024, at 10:00 Coordinated Universal Time. Location: the offices of Fieldfisher, 9th Floor, Riverbank House, 2 Swan Lane London EC4R 3TT London United Kingdom New Risk • Jan 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (93% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€24.1m market cap, or US$26.4m). Annuncio • Jan 08
Angus Energy plc Provides Revenue Guidance for the Fourth Quarter 2023 Angus Energy plc provided revenue guidance for the fourth quarter 2023. For the quarter company Estimated revenues of £7.2 Million. Annuncio • Oct 17
Angus Energy plc Announces Balcombe Oil Field Update Angus Energy plc announced that the High Court has upheld its right to test the existing well at its Balcombe wellsite in the PEDL244 Licence in West Sussex. The Balcombe-2Z well was drilled almost a decade ago and a short-term, inconclusive test was carried out by the company in November 2018. Testing operations can now be restarted according to normal oilfield practice to determine the commercial viability of the discovery. The company presently has a 25% interest in the Licence and is in discussions with the 75% majority partner regarding that interest and the work programme with regard to the project's various stages. Annuncio • Oct 12
Andrew Hollis Resigns from the Board and the Position of Technical Director of Angus Energy plc Angus Energy plc notifies shareholders that with effect from 12th October 2023, Andrew Hollis has formally stepped down from the Board and the position of Technical Director as scheduled in the RNS announcement of 2 March 2023. Board Change • Sep 12
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Krzysztof Zielicki was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Aug 17
Angus Energy plc Announces Executive Changes Angus Energy plc announced that with effect from 14thAugust 2023, George Lucan has formally stepped down from the Board and the position of Executive Chairman as scheduled in the RNS announcement of 14 July 2023. Patrick Clanwilliam, former non-executive Chairman of the Company and a current non-executive director, will now resume the role on an interim basis until a new Chair has been selected. Annuncio • Jul 15
Angus Energy plc Announces Resignation of George Lucan as Executive Chair Angus Energy plc announced that George Lucan has notified the Board of his intention to step down as Executive Chair with effect from 14th August 2023. The search for a new non-executive Chair has been initiated. Annuncio • May 31
Angus Energy plc Announces Potential Future Drilling and Gas Storage Angus Energy plc continues to evaluate storage opportunities at Saltfleetby variously for natural gas, hydrogen and CO2. To advance this, the Company has also engaged planning consultants to submit a further planning permission for an expanded site at Saltfleetby to encompass a number of new wells and process plant. The drilling will initially address the Namurian reservoir, below the presently exploited Westphalian, as a commercial source of natural gas but wells will also be designed to be repurposed as potential injection wells for gas storage, whether in the Namurian or Westphalian, and for which further planning permissions at national level would be sought if deemed appropriate. Furthermore, following on from the pioneering use of hydrogen tight Soluforce pipe in the first commercial transmission grid connection at Theddlethorpe Entry Point, Angus will be exploring the design parameters around the management of hydrogen or CO2 at high pressures, alongside traditional storage of natural gas. The Namurian reservoir, which sits below the Westphalian from which the Company currently extracts natural gas, has produced 1.5 bcf to date but a very wide variation of gas in place exists between own recent CPRs and internal estimates by previous Operators, Gazprom-Wintershall and Roc Oil. To date no detailed interpretation of the Namurian, independent from the Westphalian, has been undertaken and accordingly a full third party re-interpretation of both reservoirs is presently underway, expected to complete in October. In 2006 Gazprom-Wintershall estimated the storage capacity of the overall field to be between 700 and 800 million cubic metres, making it easily the largest onshore storage facility in the UK. Estimates by Angus of storage capacity are somewhat higher and do not include the Namurian. Annuncio • May 05
Angus Energy plc Announces the Commissioning of the Recently Drilled B7t Sidetrack Well At the Saltfleetby Field Angus Energy plc announced the commissioning of the recently drilled B7T sidetrack well at the Saltfleetby Field took place this morning. The well has been connected by a temporary flowline to the production facilities on the Saltfleetby site and processed gas is being delivered to the National Grid. At present the well is flowing at approximately 4 mmscfd with the B2 well at 2 mmscfd - each well's flow rate being intentionally restricted in order to allow for co-production within the capacity of a single compressor. The A4 well has been temporarily retired in order to facilitate the balancing of pressure and flow rates of the two other wells. The field will be operated in this mode while the new well is monitored and production stabilises and it is planned to then move to dual compressor operations and reintroduce the A4 well into production on or shortly after the 10th May. The A4 well had been producing over 2 mmscfd and the B2 well over 3 mmscfd during April to give average monthly production of 5.3 mmscfd and the company look forward to reporting combined flow rates with all three wells and both compressors later in this month. The use of a temporary flowline with additional separation permits the continued clean up of the well but avoiding wasteful gas flaring. The performance of the B7T well is expected to continue to improve with production. Construction of a permanent flowline will commence this month, with anticipated completion in late-summer. With production now approaching a stable plateau, Angus management is now able to deploy time and resources to monetising its other oil assets, developing a long-term transition storage capability at Saltfleetby, progressing its geothermal programme and exploring other strategic opportunities. Recent Insider Transactions • Apr 06
Non-Executive Director recently sold €146k worth of stock On the 31st of March, Paul Forrest sold around 8m shares on-market at roughly €0.018 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €196k more than they bought in the last 12 months. Annuncio • Feb 11
Angus Energy plc Provides Operations Update on Saltfleetby Drilling Angus Energy plc announced that the second compressor remains on track for full wet commissioning from 15 February. The drilling programme at Saltfleetby is likely to be extended by approximately a further 14 days, due to the need to select a more advantageous kick-off position for the sidetrack in order to utilise a more robust geological layer. This would only involve a further 100 metres of drilling but they have allowed some time for the associated milling and other operations. Annuncio • Dec 19
Angus Energy plc, Annual General Meeting, Jan 25, 2023 Angus Energy plc, Annual General Meeting, Jan 25, 2023. Annuncio • Dec 05
Angus Energy plc Provides Saltfleetby Sidetrack Drilling Progress Update Angus Energy plc announced that, despite relatively slow progress in casing and cementing, it expects to resume drilling into the open hole section of the reservoir in the early part of next week with well clean up operations set to commence on or around 16th December shortly followed by well testing. Drilling itself is expected to end on or around 14 December with the setting of the completion string (i.e. the production tubing). On this timetable, if there are no issues, the well can be declared a technical success by the middle of the month, although testing will be required before flow rates can be announced and a commercial success declared. Annuncio • Nov 24
Angus Energy plc Provides Update on Drilling Programme Angus Energy plc announced that the drilling programme of the SF07V side track has progressed to the top of the target reservoir itself. Drilling was paused at a total measured depth along hole of 2,492 metres (being a true vertical depth of 2,261 metres) which is 10 metres higher than anticipated. The well bore will now be cased and cemented to this point before resuming drilling, largely horizontally, a further 500 metres into and through the most productive part of the reservoir. This further work is expected to last around 14 days following which well clean up and testing operations will commence. A short infographic of the progress versus the target area is on the company's website and social media pages. Board Change • Nov 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Krzysztof Zielicki was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 28
Angus Energy plc Provides Side Track Spud and Forward Plan Angus Energy plc announced that the side-track of SF-07 programme began with testing of blow-out preventers in advance of spudding the well. The Company will supply regular photographic coverage supported by graphics of the progress of the drilling programme on its social media platforms with a 12 hour delay. This will allow any material change to the programme to be properly communicated by RNS ahead of the updates. This being a side track rather than a new well, the Company expects to be running equipment in hole to a depth of 1300m reasonably swiftly over the weekend and it is above this depth, at around 1150m that a whipstock (essentially a wedge allowing the hole to be drilled at an angle to the vertical) will be set and the 9 5/8" window will be milled through the casing and cement. Early next week directional drilling begins in earnest in 8.5'' bore at a low angle to the vertical to a total depth of around 2,560m (TD) which should terminate about 1m into the target reservoir. The speed of drilling the first section (8.5'' section) is likely to vary during this element of the programme, but an estimate of 8-10 days is not unreasonable. Thereafter the drilling will be nearly horizontal and slower for a further 300-400 m. The total programme, including clean up of the well, is expected to last some 35 days. The Company may be able to advise success in the actual drilling activity after approximately 30 days but a further 10 days would be required to begin to have confidence as to likely production rates. However few drilling programmes follow predicted timetables closely and investors should expect variance. Annuncio • Oct 12
Angus Energy plc Announces Revised Spud Date and Process Capacity Milestone Angus Energy plc announced that, following a scheduled maintenance shutdown last week, hourly throughput rates through the process plant (i.e. sales gas) now exceeds October target production rate of 6 million standard cubic feet per day with well pressures holding in the high forties. Condensate production has stabilised at or around 120 barrels per day. Side-track planning progresses apace with a slight adjustment to spud date from 20 October 2022, as previously advised, to 24-26 October 2022 in order to accommodate a potential supply chain issue. Annuncio • Oct 05
Angus Energy Appoints Krzysztof Zielicki as Non-Executive Director Angus Energy announced that, further to the announcement of 2 September 2022, Krzysztof Zielicki has now joined the Board of the Company as a Non-Executive Director. Krzysztof brings over 40 years of experience in the oil and gas industry. He has held leading roles for several Energy Majors, including BP and Rosneft, where he was Vice President for M&A and Strategy. He brings a wealth of technical, commercial and managerial experience as Angus enters the next phase of its growth strategy and has recently been appointed a Non-Executive Director of AIM traded SDX Energy Plc. Krzys replaces Cameron Buchanan, who departs October 4, 2022, as Independent Non-Executive Director on the Board. Cameron took the role of Non-Executive Director at IPO in 2016 and has been a faithful and reliable Non-Executive Director throughout this period, stepping in on occasion to take the role of Acting Chairman. Annuncio • Sep 03
Angus Energy plc Engages Richard Herbert, with the Responsibility of Developing and Expanding Production at the Saltfleetby Gas Field and Other Assets in the Angus Portfolio Angus Energy plc announced the engagement of Richard Herbert, with the responsibility of developing and expanding production at the Saltfleetby Gas Field and other assets in the Angus portfolio. Richard brings 40 years of experience in the energy industry. He has held several executive positions at BP, including the development and operations at Wytch Farm (the last major onshore UK gas field). Following this role, Richard was COO of Exploration at BP and CEO of Frontera. Richard brings considerable technical, managerial and operational expertise. Annuncio • Jul 23
Angus Energy plc Announces the Progress Update at Saltfleetby Project Angus Energy plc announced the progress update at its wholly owned Saltfleetby project.,Wellhead gas has been introduced into the system, Wellhead pressure remains high at 80+ bar, Final commissioning of the compressor, electrical and instrument testing due over the weekend and early next week and First nominations (sales) planned for next week. Furthermore, the Company's site team has introduced well head gas into the first section of the facility. Well head pressures remain high at 80+ bar. The commissioning sequence involves completion of cause and effect testing over areas of the plant whilst steadily introducing gas into those areas. Minor electrical and instrumentation work on the storage tanks is scheduled to be completed by Monday. The final step is commissioning the compressor over the weekend and to be completed early next week. Nominations to follow shortly thereafter, once the process has been stabilised to yield a reliable gas quality for export. Annuncio • Jul 19
Angus Energy Announces Joining of Paul Forrest to the Board of the Company as Non-Executive Director Angus Energy announced joining of Paul Forrest to the Board of the Company as a non-executive director. Mr. Forrest brings broad hydrocarbon and financial experience as well as intimate knowledge of the Company's Saltfleetby gas field. Paul Forrest, is the owner and sole director of Forum Energy Services Limited, which sold 100% of Saltfleetby Energy Limited to Angus in May 2022 and which presently has a substantial strategic stake in Angus of approximately 21%. Paul Forrest has nineteen years' experience in the natural resources sector, including ten years in offshore oil and gas in the Philippines, and more recently seven years UK onshore oil and gas culminating in the acquisition of the Saltfleetby Project in 2019. He is the former financial controller of AIM traded Forum Energy Plc and Celtic Resources Plc. Paul Forrest (aged 52)is or has during the last five years been a director or partner of the following companies and partnerships: Current: Anglo African Oil & Gas PLC, Salfleetby Energy Limited, Saltfleetby Energy Europe Limited, Forum Energy Services Limited, The Orwell Group Limited, PXOG Massey Limited and Forrest Kolebuk Development Spoka Zorganiczona Od Powiedzalno Scia. Past: Virdis Holdings UK Limited, Viridis Holdings UK Limited, Kark Consultancy Limited, Conceptual Build Limited, Ground Up (North) Limited, Vortolife UK Limited, Vortolife Holdings Limited, Forrest Accounting Limited and NPT Cleantech Ltd. Paul Forrest holds 546,000,000 Ordinary Shares representing 21.08% of the Company's issued share capital. Annuncio • Jul 13
Angus Energy plc Announce Progress Update at Saltfleetby Angus Energy plc announced that the company, together with specialist contractors and commissioning agents are making good progress with the testing and inspection of the totality of the facilities. Whilst mechanical integrity is now complete, electrical and control circuitry continues to be tested both individually and as a whole to ensure that the SCADA control system functions in all eventualities - most particularly those emergency cases. Progress is good and the company expects to complete these tests and verifications before 18 July 2022 at which time live gas can be introduced to the plant, if not before. First Gas Export into the grid (commercial sales) will be made under the offtake with Shell shortly thereafter. Anticipated production during the third quarter comfortably exceeds the hedge amount as advised on 28 June 2022. Annuncio • Jul 09
Angus Energy plc has completed a Follow-on Equity Offering in the amount of £2.002 million. Angus Energy plc has completed a Follow-on Equity Offering in the amount of £2.002 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 182,000,000
Price\Range: £0.011
Transaction Features: Subsequent Direct Listing Annuncio • Jul 06
Angus Energy plc Announce Progress Update At Saltfleetby Angus Energy announce that the Company's main 8 kilometre export line to Theddlethorpe's National Grid Entry point has now been purged of nitrogen and pressured up to 60 barg with grid specification gas. Nitrogen is used for its inert properties to prevent corrosion within a pipeline during periods of shut in. Removal of nitrogen is one necessary preliminary step to being able to flow own natural gas forward into the national transmission system. With all hydrotesting and the bulk of nitrogen (leak and integrity) testing complete, will now proceed to test skids individually for communication with the central computer system and function testing of all control elements. Annuncio • Jun 29
Angus Energy plc Provides Saltfleetby Commissioning Update Angus Energy announced the conclusion of leak testing and the commencement of commissioning of the Saltfleetby Gas Field. The duration of commissioning is expected to take between one and two weeks with a target date for first gas export (ie sales) between the 7th and 12th July. The hedged volume for July to September inclusive is for 3.375 million therms. The expected output during that period from existing wells B2 and A4, assuming a start date of 1 July is approximately 5 million therms and comfortably exceeds the hedged amount. Annuncio • Jun 15
Angus Energy plc Provides Progress Update at Saltfleetby Angus Energy plc announced that in accordance with the timings announced on 10 June all welding and hydrotesting of lines requiring inspection under the Pressure Equipment Safety Regulations has been completed and the site has been significantly de-manned with scaffolding removed from the pipe-rack. A handful of lower category lines remain to be hydrotested without inspection this week. The next and final stage in proving mechanical integrity will be to introduce nitrogen into the plant for a five day leak and pressure test which company expect to commence at the end of this week. Meanwhile the electrical - power and control and instrumentation - installation continues at pace. Annuncio • May 25
Angus Energy plc (AIM:ANGS) agreed to acquire additional 49% stake in Saltfleetby Energy Limited from Forum Energy Services Limited for Approximately £14 million. Angus Energy plc (AIM:ANGS) agreed to acquire additional 49% stake in Saltfleetby Energy Limited from Forum Energy Services Limited for Approximately £14 million on May 24, 2022. As per the terms of the transaction Angus Energy will own a 100% interest in the Project and as part of the consideration angus will pay £0.25 million in cash at completion and issue 637 million shares and a deferred consideration of £6.25 million. To fund the Acquisition and other working capital requirements, the Company has concurrently arranged a direct subscription of £6 million with affiliates of Aleph International Holdings. Forum will also have the right to appoint one director to the Board of Angus Energy which, subject to regulatory checks by the Company's Nominated Adviser, is expected to be Paul Forrest, the beneficial owner of Forum. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director Cameron Buchanan was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Feb 27
Insider recently sold €65k worth of stock On the 24th of February, Adegbenga Alabi sold around 7m shares on-market at roughly €0.0094 per share. In the last 3 months, there was an even bigger sale from another insider worth €203k. Insiders have been net sellers, collectively disposing of €99k more than they bought in the last 12 months. Annuncio • Feb 05
Angus Energy plc has completed a Follow-on Equity Offering in the amount of £1.4 million. Angus Energy plc has completed a Follow-on Equity Offering in the amount of £1.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 175,000,000
Price\Range: £0.008
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Jan 12
Insider recently sold €203k worth of stock On the 10th of January, Mohammed Munim sold around 16m shares on-market at roughly €0.013 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €247k more than they bought in the last 12 months. Annuncio • Jun 16
Angus Energy plc (AIM:ANGS) acquired additional 5% interest in Brockham Field from Alba Mineral Resources plc (AIM:ALBA) for £0.1 million. Angus Energy plc (AIM:ANGS) acquired additional 5% interest in Brockham Field from Alba Mineral Resources plc (AIM:ALBA) for £0.1 million on June 15, 2021. The net consideration after settlement of outstanding amounts and a contribution toward eventual abandonment costs involves a payment by Alba to Angus of £38,400, settled as to £6,400 in cash and £32,000 by the issue of 12,407,910 shares in Alba at the 10 day VWAP of 0.2579p per share representing approximately 0.20% of the share capital of Alba.
Angus Energy plc (AIM:ANGS) completed the acquisition of additional 5% interest in Brockham Field from Alba Mineral Resources plc (AIM:ALBA) on June 15, 2021. Reported Earnings • Mar 10
Full year 2020 earnings released: UK£0.004 loss per share (vs UK£0.011 loss in FY 2019) Full year 2020 results: Net loss: UK£2.52m (loss narrowed 50% from FY 2019). Combined production Oil equivalent production: 0.002 MMboe (0.005 MMboe in FY 2019) Annuncio • Mar 09
Angus Energy plc, Annual General Meeting, Mar 31, 2021 Angus Energy plc, Annual General Meeting, Mar 31, 2021, at 10:00 Coordinated Universal Time. Annuncio • Nov 05
Angus Energy plc Announces Operational Update Angus Energy plc announced the successful outcome to two extended horizontal directional drills and threading of the Soluforce 4" pipeline to within 15 metres of the national transmission grid entry point at Theddlethorpe ready to be connected at surface - the first instance of very high pressure, Hydrogen-capable pipework in a commercial connection to the national transmission system. The Company will now turn all its attentions to completing the 10" connection.