Angus Energy plc technical director Andrew Hollis has formally stepped down as part of a series of changes announced in March. He previously left the board as the company focuses on the aggregation, production and storage of gas.
Tag: Angus Energy plc
Angus appoints Patrick Clanwilliam as interim chairman
Angus Energy plc non-executive director Patrick Clanwilliam has become interim executive chairman until a permanent candidate is appointed. Formerly non-executive chairman, Mr Clanwilliam takes over from George Lucan who left the post in July and the board on 14 August as planned.
Angus Energy CEO buys 3.3m shares
Angus Energy plc chief executive officer Richard Herbert bought 3,300,000 ordinary shares of 0.002p each in the company at an average price of 0.75434 per ordinary share. Mr Herbert’s holding totals the same number of shares for £24,893 representing 0.09% of Angus’ issued share capital.
Angus in talks to refinance debts with $25m loan
Angus Energy plc has signed a non-binding conditional agreement for an 18-month loan of up to US$25 million with Aleph Commodities Ltd. If both parties proceed, the funds will refinance the £7.35m outstanding under the senior facility and the £3m and £6m bridge loans. The company is also in discussions with another financial provider for […]
Angus chairman George Lucan steps down
Angus Energy plc executive chairman and former chief executive officer George Lucan has stepped down from his post and aims to leave the board in mid-August. The announcement, effective on 14 July, came with agreement of the £6 million loan arranged by Aleph Commodities Ltd. Mr Lucan said that completion of the financing was an […]
Angus continues B7T well clean-up at Saltfleetby
Angus Energy plc said that the new B7T well continued to clean up through the temporary flowline connecting it to the facilities at Saltfleetby gas field in east Lincolnshire. TARGET DATE The company completed the initial clean-up in April and connected a temporary flowline to the production facilities on the site to deliver processed gas […]