Finance News Oil & Gas

Angus agrees £6m bridge loan

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Angus Energy plc has signed a heads of terms for a further six-month bridge loan of £6 million.

USES

The company added that the previous £3m debt facility from March 2023 had been rolled according to its terms for a further three months.

Terms of the £6m facility will be agreed next week.

Funds will go towards evaluating acquisitions and developing storage at Saltfleetby gas field.

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