Angus Energy plc said that a United States-based third party would manage its potential acquisition of producing assets, offshore Gulf of America (Gulf of Mexico). DEBT The move will leave Angus with a minority, non-operated interest, allowing it to “focus financial and human capital efficiently, reduce operational risk and enhance potential returns on investment”. Any […]
Tag: Gulf of America – Gulf of Mexico
Angus appoints two NEDs to board
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 […]
Angus looks to diversify with Gulf assets
Angus Energy plc has signed a tentative deal to diversify and expand its footprint to the Gulf of Mexico (Gulf of America) in a reverse takeover. STABILITY The non-binding agreement to buy a “group of producing assets” results in the company’s shares’ suspension today from trading under AIM rules. Angus said that the potential acquisition […]