Sound Energy plc announced it was evaluating a possible all-share offer for the entire issued and to-be-issued share capital of Angus Energy plc. PREVIOUS PROPOSALS In a statement issued today, Sound Energy said that between 18 December 2021 and 4 January 2022 it had made “indicative proposals to Angus regarding a potential all-share combination”, which […]
Tag: Angus Energy plc
Angus attracts interests in buyout and Saltfleetby licence
Angus Energy plc said it had attracted at least six genuine approaches from parties interested in acquiring the company or its licence interest in the Saltfleetby gas field in Lincolnshire. DUE DILIGENCE In a statement the company said it would evaluate each expression of interest until a firm proposal was agreed. Angus does not expect […]
Angus considers sale of company and Saltfleetby gas interests
Angus Energy plc today announced it was considering selling the company as part of a strategic review. MARKET VALUE The onshore hydrocarbon producer said that the sale of some or all of its interest (51%) in the Saltfleetby gas field, Lincolnshire was also under consideration. Angus added it remained fully committed to achieving first gas […]
Angus raises £750,000 via discounted placing
Angus Energy plc said it today raised £750,000 through the placing of 115,384,611 ordinary shares to certain institutional and other investors at 0.65 pence per share. The placing price represents a discount of approximately 10.3% to the closing price of 0.725 pence per ordinary share on 2 December 2021. USES Proceeds will go towards its […]
Angus delays sidetrack at Saltfleetby due to logistics
Angus Energy plc said that logistical issues had delayed rig procurement causing the sidetrack to be deferred at Saltfleetby gas field in East Lindsey, Lincolnshire. SIDETRACK The company added that the deferment avoided the risk of a drill programme running over into its commissioning timetable. “Whilst simultaneous drilling and commissioning operations are not considered to […]
Angus seismic shows extension out of Lidsey
Angus Energy plc said that a completed seismic reinterpretation showed a significant extension out of licence PL241 area of the Lidsey oil field, West Sussex. EXTENSION The site operator and majority owner (80%) said in a statement that the seismic was the final part of the most comprehensive review of the Lidsey structure ever conducted. […]