Angus Energy plc has started site works in preparation for the arrival of a rig in early Q2 to reinstate production from onshore Brockham 2Y well near Dorking in Surrey. The operator restarted production in May 2022 following approval from the Environment Agency in April of the same year. Project partners in PL235, containing Brockham, […]
Tag: Angus Energy plc
Angus Energy chairman Patrick Clanwilliam resigns
Angus Energy plc non-executive chairman Patrick Clanwilliam has resigned. Mr Clanwilliam joined the company’s board in 2019 and became interim chairman in August 2023. Non-executive director Krzysztof Zielicki will act as interim chairman until a successor is found. “We are very grateful to Paddy for his leadership and wise counsel during the five years of […]
Angus revenues rise on Saltfleetby production
Angus Energy plc recorded a steep rise in revenues from increased gas production at its 100% owned Saltfleetby field in east Lincolnshire. LIDSEY For the year ending September 2023, revenue from the field’s revenue rose to approximately £28 million (2022: £3m) on production of gross 31,750 bbls of oil and 25,228,853 therms of natural gas […]
Angus shareholders approve 227m fee shares issue
Angus Energy plc shareholders backed the issue of 226,513,000 fee shares to Aleph Commodities Ltd in relation to February’s £20m Trafigura financing. Approval was given at the company’s general meeting on 14 March. On admission, Angus will have 4,394,406,340 ordinary shares in issue, each with the right to one vote. The company holds no ordinary shares […]
Angus issues initial 25m shares for £20m loan fees
Angus Energy plc has issued 25 million new ordinary shares each at 0.40 pence as part payment of £750,000 fees to secure Trafigura‘s £20m loan The outstanding amount of the total 187.5m fee shares due to Aleph Commodities Ltd are subject to further authorisation at Angus’ general meeting on 14 March 2024. Following admission, the […]
Angus signs definitive £20m Trafigura loan
Angus Energy plc will refinance its existing debt and further onshore oil and gas operations after signing a £20 million loan with a subsidiary of Trafigura Group PTE Ltd. USES The definitive documentation to draw down in full on the facility is based on terms agreed at the end of 2023. These include transfer of […]