New Risk • 7h
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 61% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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. Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Minor Risk Market cap is less than US$100m (UK£14.8m market cap, or US$19.7m). New Risk • Jul 27
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 (UK£9.57m market cap, or US$12.8m). Duyuru • 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. Board Change • Jul 14
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. 4 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. Duyuru • 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. Board Change • May 21
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. 4 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. Duyuru • 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. Duyuru • 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 Duyuru • 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 Duyuru • 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. Duyuru • 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. Duyuru • 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 New Risk • Mar 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (UK£14.1m market cap, or US$18.3m). Reported Earnings • Mar 06
Full year 2024 earnings released: UK£0.001 loss per share (vs UK£0.035 profit in FY 2023) Full year 2024 results: UK£0.001 loss per share (down from UK£0.035 profit in FY 2023). Revenue: UK£21.8m (down 23% from FY 2023). Net loss: UK£4.30m (down 104% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Duyuru • 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 New Risk • Jan 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Profit margins are more than 30% lower than last year (35% net profit margin). Shareholders have been diluted in the past year (6.7% increase in shares outstanding). Market cap is less than US$100m (UK£14.4m market cap, or US$17.5m). 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. Duyuru • 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. Duyuru • 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. Duyuru • 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 25% per year, which means it is significantly lagging earnings. New Risk • Jun 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 35% Last year net profit margin: 179% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (35% net profit margin). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (UK£17.7m market cap, or US$22.4m). Duyuru • 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. Duyuru • 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. Duyuru • 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 21% per year, which means it is significantly lagging earnings. Duyuru • 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: Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (UK£20.7m market cap, or US$26.2m). Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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 UK£128k worth of stock On the 31st of March, Paul Forrest sold around 8m shares on-market at roughly UK£0.016 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 UK£172k more than they bought in the last 12 months. Duyuru • 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. Duyuru • Dec 19
Angus Energy plc, Annual General Meeting, Jan 25, 2023 Angus Energy plc, Annual General Meeting, Jan 25, 2023. Board Change • Nov 16
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. 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 UK£55k worth of stock On the 24th of February, Adegbenga Alabi sold around 7m shares on-market at roughly UK£0.0078 per share. In the last 3 months, there was an even bigger sale from another insider worth UK£169k. Insiders have been net sellers, collectively disposing of UK£82k more than they bought in the last 12 months. Recent Insider Transactions • Feb 27
Insider recently sold UK£55k worth of stock On the 24th of February, Adegbenga Alabi sold around 7m shares on-market at roughly UK£0.0078 per share. In the last 3 months, there was an even bigger sale from another insider worth UK£169k. Insiders have been net sellers, collectively disposing of UK£82k more than they bought in the last 12 months. Recent Insider Transactions • Jan 12
Insider recently sold UK£169k worth of stock On the 10th of January, Mohammed Munim sold around 16m shares on-market at roughly UK£0.011 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£205k more than they bought in the last 12 months. 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) Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings.