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: Forum Energy Services Ltd
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 issues second tranche shares from £7m fundraise
Angus Energy plc has restarted drilling at Saltfleetby and is to issue the second tranche of shares following its two-tranche fundraise comprising a placing and subscriptions in December 2022. SALTFLEETBY DRILLING The company said that drilling has to date reached 2,553 metres measured depth at the onshore gas field within PEDL005 on the coast of […]
Angus targets £7m via placing and subscriptions
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 […]
Angus Energy appoints Paul Forrest as NED
Angus Energy plc has appointed Paul Forrest as a non-executive director. Mr Forrest is the owner and sole director of Forum Energy Services Ltd, which sold 100% of Saltfleetby Energy Ltd to Angus in May 2022. He holds 546,000,000 ordinary shares representing 21.08% of the company’s issued share capital. Mr Forrest has broad hydrocarbon and […]
Angus completes 100% acquisition of Saltfleetby
Angus Energy plc said it had now completed the 100% acquisition Saltfleetby gas licence in east Lincolnshire. OUTSTANDING STAKE The company acquired the entire issued share capital of Saltfleetby Energy Ltd (SEL), which owned 49% working interest in the project, from the seller Forum Energy Services Ltd. Chief executive George Lucan said that the acquisition […]