Angus Energy plc has to date raised £5.6 million of a target of £7.1m through a placing and subscriptions in two tranches. PLACING AND SUBSCRIPTIONS The company raised a total of £1.89m through the placing of 115,000,000 ordinary shares. The first tranche of subscriptions generated an initial £3.7m through the issue of 226,219,000 ordinary shares at 1.65p per […]
Tag: Angus Energy plc
Angus issues 500,000 ordinary shares on exercise notices
Angus Energy plc has issued 500,000 ordinary shares of £0.002 each in the company after receiving exercise notices. The exercise price is of 1.2, 1.35 and 1.5 pence per share. The company has 41,891,372 warrants over ordinary shares outstanding. On admission, Angus will have 2,939,270,014* ordinary shares in issue, each with one vote. The company […]
Angus to resume drilling reservoir ahead of testing
Angus Energy plc hopes to resume drilling into the open hole of the reservoir at Saltfleetby in East Lincolnshire. OPERATIONS Towards the end of November, the company paused operations at the top of the reservoir. Angus today said that despite “relatively slow progress” in casing and cementing it expected to restart drilling early next week […]
Angus drills side-track to top of target reservoir
Angus Energy plc said that drilling of the SF07V side track well has reached the top of the target reservoir at Saltfleetby in East Lincolnshire. TESTING “Drilling was paused at a total measured depth along hole of 2,492 metres (true vertical depth of 2,261 metres) which is 10 metres higher than anticipated,” said the company […]
Angus begins works for SF-7 sidetrack well
Angus Energy plc today began the SF-07 sidetrack well programme by testing blow-out preventers in advance of spudding at Saltfleetby in Lincolnshire. PROGRAMME The company said it expected to run equipment in hole to a depth of 1,300m “reasonably swiftly” over this coming weekend. Above this depth, at around 1150m, a whipstock* will be set […]
Angus awards 175.5m share options to directors and staff
Angus Energy plc granted 175.5 million share options, representing 5.72% of the company’s issued share capital, to directors and staff. SALTFLEETBY The grant comes under the company’s existing employee incentive schemes. In February 2021, the remuneration committee proposed the share options, which the board approved as part of Angus’s share option grants. “This reflects the […]