Angus Energy plc said it had agreed a third deadline for Sound Energy plc to make a firm offer to buy the company. DISCUSSIONS In January, Sound made a possible share offer and the deadline for a definite offer was 2 February. The parties then agreed to extend this to 11 March 2022. Angus today […]
Tag: Angus Energy plc
Angus allowed to re-inject waste water at Brockham
Angus Energy plc has received a permission to re-inject waste water into one of the existing boreholes at its onshore oil project in Brockham, Surrey. REQUIREMENTS The Environment Agency (EA) issued a permit variation which stipulates that the waste water must be from the company’s operations at the site. The decision follows public consultation between […]
Angus Energy raises £1.4m via placing
Angus Energy plc raised gross proceeds of £1,400,000 through placing 175,000,000 ordinary shares to certain institutional and other investors at a price of 0.8 pence per share. Net proceeds of the placing will be used for the Saltfleetby gas field budget (now 90% finalised), the company’s new focus on geothermal projects, and working capital and […]
Sound Energy evaluates possible offer for Angus
Sound Energy plc announced it was evaluating a possible all-share offer for the entire issued and to-be-issued share capital of Angus Energy plc. PREVIOUS PROPOSALS In a statement issued today, Sound Energy said that between 18 December 2021 and 4 January 2022 it had made “indicative proposals to Angus regarding a potential all-share combination”, which […]
Angus attracts interests in buyout and Saltfleetby licence
Angus Energy plc said it had attracted at least six genuine approaches from parties interested in acquiring the company or its licence interest in the Saltfleetby gas field in Lincolnshire. DUE DILIGENCE In a statement the company said it would evaluate each expression of interest until a firm proposal was agreed. Angus does not expect […]
Angus considers sale of company and Saltfleetby gas interests
Angus Energy plc today announced it was considering selling the company as part of a strategic review. MARKET VALUE The onshore hydrocarbon producer said that the sale of some or all of its interest (51%) in the Saltfleetby gas field, Lincolnshire was also under consideration. Angus added it remained fully committed to achieving first gas […]