Angus Energy plc non-executive director Paul Forrest has resigned with effect from today. Mr Forrest owns Forum Energy Services Ltd, which completed the sale of Saltfleetby Energy Ltd to Angus in May 2022. He has been involved in the development of the company’s Saltfleetby project since 2019 and joined the board in July 2022. Angus said […]
Tag: Angus Energy plc
Angus Energy CEO purchases 5m shares
Angus Energy plc chief executive officer Richard Herbert has bought 5 million ordinary shares of 0.002p each at an average price of 0.5 pence per ordinary share. The purchase on 16 April takes Mr Herbert’s shareholding in the company 8.3m ordinary shares representing 0.02% of Angus Energy’s issued share capital.
Angus starts site works for Brockham rig
Angus Energy plc has started site works in preparation for the arrival of a rig in early Q2 to reinstate production from onshore Brockham 2Y well near Dorking in Surrey. The operator restarted production in May 2022 following approval from the Environment Agency in April of the same year. Project partners in PL235, containing Brockham, […]
Angus Energy chairman Patrick Clanwilliam resigns
Angus Energy plc non-executive chairman Patrick Clanwilliam has resigned. Mr Clanwilliam joined the company’s board in 2019 and became interim chairman in August 2023. Non-executive director Krzysztof Zielicki will act as interim chairman until a successor is found. “We are very grateful to Paddy for his leadership and wise counsel during the five years of […]
Angus revenues rise on Saltfleetby production
Angus Energy plc recorded a steep rise in revenues from increased gas production at its 100% owned Saltfleetby field in east Lincolnshire. LIDSEY For the year ending September 2023, revenue from the field’s revenue rose to approximately £28 million (2022: £3m) on production of gross 31,750 bbls of oil and 25,228,853 therms of natural gas […]
Angus shareholders approve 227m fee shares issue
Angus Energy plc shareholders backed the issue of 226,513,000 fee shares to Aleph Commodities Ltd in relation to February’s £20m Trafigura financing. Approval was given at the company’s general meeting on 14 March. On admission, Angus will have 4,394,406,340 ordinary shares in issue, each with the right to one vote. The company holds no ordinary shares […]