Angus Energy plc has appointed Alex Craig and Richard Glass to the board as non-executive directors.
Mr Craig represents one of the company’s larger shareholder, Aleph Commodities which, along with its related parties, holds 395,350,827 ordinary Angus shares, representing 7.93% of its issued share capital.
Mr Glass represents Forum Holdings from which Angus purchased the Saltfleetby onshore gas project in Lincolnshire.
Forum and its related parties holds 808,458,850 ordinary shares in Angus (16.212%).
Experienced in mergers and acquisitions, Mr Craig currently focuses on investments in critical metals.
He was previously a founding partner of Aleph Commodities where he remains a NED.
Mr Craig also manages diversified investment portfolios, concentrating on commodities trading, infrastructure and real estate.
Richard Glass has experience across engineering projects, real estate developments, mergers and acquisitions, financial structuring and capital markets.
He previously held positions with Accenture and Investec.
Mr Glass holds a BSc in Electro-Mechanical Engineering and an MBA.
Angus’ shares were suspended from trading on 19 May after it entered into a non-binding agreement to buy a group of producing assets in the Gulf of America (Gulf of Mexico).
The transaction would constitute a reverse takeover if it proceeds, which requires a binding contract and publication of an admission document.