Angus Energy plc non-executive director Paul Forrest sold 16.5 million ordinary shares of 0.002p each at an average price of 1.8 pence per ordinary share. Following the sale for £297,000 on 14 April 2023, Mr Forrest’s total shareholding in the company is now 483,356,061 ordinary shares, representing 13.46% of the issued share capital. He has […]
Tag: Angus Energy plc
Angus completes initial B7T clean-up at Saltfleetby
Angus Energy plc has completed the initial clean up of the new B7T well at Saltfleetby in Lincolnshire. PRODUCTION The company said that the well was producing from an approximately 185m horizontal section in the main Westphalian reservoir at a vertical depth of 2292m. Following first production on 31 March the company has been cleaning […]
Angus NED Paul Forrest sells 13m shares
Angus Energy plc said that on 6 April 2023 non-executive director Paul Forrest sold 13,000,000 more ordinary shares of 0.002p each at an average price of 1.8 pence per ordinary share. Following the sale for around £234,000, he now holds 499,856,061 ordinary shares representing 13.92% of the company’s issued share capital. Mr Forrest is the […]
Angus NED Paul Forrest sells 8m shares
Angus Energy plc non-executive director Paul Forrest has sold 8 million further ordinary shares of 0.002p each at an average price of 1.6 pence per ordinary share. Following the sale for around £128,000 on 31 March 2023, his total shareholding in the company is 512,856,061 ordinary shares representing 14.28% of the issued share capital. Mr […]
Angus agrees £3m loan with Kemexon
Angus Energy plc has agreed a £3 million junior debt facility from commodity trading house and the company’s 9.91% shareholder Kemexon Ltd. BRIDGE FACILITY The ‘bridge facility’ has an initial term of three months, extendable by paying a 3% roll fee for a further three months. The debt is priced at SONIA* + 15% and commits the company to issue […]
Angus losses rise due to derivative instrument
Angus Energy plc’s rise in losses could see it raise further funds for its onshore oil and gas assets in the United Kingdom. FINANCES The company’s audited annual accounts for the year ended 30 September 2022 showed losses of £111.947m, which included a derivative loss of £110.309m in relation to the derivative instrument, resulting in […]